Chief Financial Officer; CFO

Overview

Foreground is partnering with a prominent infrastructure investment and development group in the Kingdom of Saudi Arabia to identify a seasoned Chief Financial Officer to lead the full financial function of a Special Purpose Vehicle (SPV) established to deliver a major capital project. The appointed CFO will report directly to the CEO and Board of Directors, acting as the financial steward of the entity and a strategic business partner to its stakeholders.

The role is positioned at the heart of a complex multi-stakeholder project, with a mandate to oversee the full finance lifecycle from capital structuring to reporting, compliance, and long-term financial performance. The ideal candidate brings a strong foundation in project finance, SPV governance, and financial leadership within capital-intensive sectors such as infrastructure, energy, or construction.

• Strategic Financial Leadership
  • Define and implement the SPV's financial strategy, ensuring full alignment with project objectives and partner expectations.
  • Serve as the principal financial advisor to the CEO and Board, providing insights into investment decisions, risk exposures, and commercial strategy.
  • Support strategic negotiations with banks, institutional investors, and financial sponsors.
• Project Financing & Capital Structuring
  • Lead the structuring and securing of financing packages, including debt, equity, export credit arrangements, and government guarantees.
  • Ensure full compliance with financing agreements, covenants, and lender reporting requirements.
  • Act as the primary liaison with financial institutions and funding partners.
• Financial Planning, Analysis & Reporting
  • Oversee the preparation of robust financial models, forecasts, and multi-year business plans.
  • Lead the budgeting process and implement controls to ensure accurate financial planning and execution.
  • Monitor key financial metrics and operational KPIs to inform decision-making and improve performance outcomes.
  • Prepare and present timely, accurate financial reports to internal and external stakeholders, including regulatory authorities.
• Governance, Compliance & Risk Management
  • Establish and maintain financial controls, policies, and procedures that ensure fiscal integrity and transparency.
  • Lead audits and ensure compliance with local and international financial reporting standards.
  • Identify financial risks and implement mitigation strategies across project phases.
• Board & Stakeholder Engagement
  • Represent the SPV in Board meetings, partner briefings, and financial reviews.
  • Manage relationships with auditors, legal advisors, regulators, and external stakeholders.
  • Drive alignment between SPV operations and partner / shareholder expectations.
• Leadership & Team Development
  • Build and lead a high-performing finance team aligned with the long-term needs of the SPV.
  • Foster a culture of accountability, integrity, and operational excellence.

• Education & Credentials
  • Bachelors degree in Finance, Accounting, Business Administration, or related discipline.
  • MBA, CPA, CFA, or an equivalent professional certification is highly preferred.
• Experience & Sector Exposure
  • Minimum 10 years of experience in senior finance leadership roles.
  • Proven experience managing the financial function of large-scale SPVs or capital projects, ideally in infrastructure, real estate development, or industrial construction.
  • Deep understanding of project finance, joint ventures, investment structuring, and multi-party governance.
• Skills & Attributes
  • Exceptional financial modeling, analytical, and commercial acumen.
  • Strong negotiation and stakeholder management skills across private and public sector interfaces.
  • High standards of professionalism, integrity, and operational discipline.
  • Confident board-level communicator and strategic thinker with hands-on execution capability.