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Group CFO: Construction & Project Finance Leader

Job in Riyadh, Riyadh Region, Saudi Arabia
Listing for: Agile Consultants
Full Time position
Listed on 2026-05-29
Job specializations:
  • Finance & Banking
    Financial Manager, Corporate Finance, CFO
  • Management
    Financial Manager, CFO
Salary/Wage Range or Industry Benchmark: 400000 - 600000 SAR Yearly SAR 400000.00 600000.00 YEAR
Job Description & How to Apply Below

Job Code: 251/001/372
Industry: Construction & Electromechanical
Job Brief:
The Finance Manager / Chief Financial Officer (CFO) will lead the financial strategy and operations of a group of companies operating across construction, manufacturing, and electromechanical equipment installation sectors.
This role is critical in ensuring strong financial governance, project-based financial control, cash flow discipline, and strategic financial planning across multiple business verticals. The incumbent will work closely with senior leadership to support business growth, large-scale project execution, and the long-term sustainability of the group.
The position requires strong expertise in project accounting, financial planning, budgeting, and financial performance management, particularly within construction and electromechanical project environments.
Job Responsibilities:
Group Financial Strategy & Planning

  • Develop and implement financial strategies aligned with the group’s diversified operations, including construction, manufacturing, and electromechanical projects.
  • Provide financial leadership to support business expansion, project bidding, and diversification initiatives.
  • Align financial planning and reporting processes across multiple entities within the group structure.
Budgeting, Project Costing & Forecasting
  • Lead the annual budgeting process across group companies and individual project budgets.
  • Oversee project-wise costing, profitability tracking, and financial feasibility analysis.
  • Monitor budget versus actual performance across ongoing construction and installation projects.
  • Update rolling financial forecasts based on project progress, procurement cycles, and operational changes.
Cash Flow, Working Capital & Project Financing
  • Manage consolidated cash flow across group entities, ensuring sufficient liquidity to support ongoing projects.
  • Oversee working capital management, including supplier payments, subcontractor settlements, and project mobilization costs.
  • Structure and manage project financing arrangements, credit facilities, and banking relationships.
  • Maintain strong relationships with banks, financiers, and key financial stakeholders.
Project & Operational Financial Control
  • Implement strong financial controls for project-based accounting and contract execution.
  • Monitor cost overruns, revenue recognition, and milestone-based billing processes.
  • Work closely with project managers, procurement teams, and operations departments to maintain financial discipline across project sites and corporate operations.
  • Ensure accurate job costing and project margin tracking.
Financial Analysis & Performance Management
  • Analyze financial performance across business units, including construction, manufacturing, and installation services.
  • Identify opportunities for cost optimization and margin improvement.
  • Provide management reporting on profitability by project, client, and business segment.
  • Support strategic decision-making with data-driven financial insights.
Risk Management & Compliance
  • Identify and manage financial, contractual, and operational risks associated with construction and installation projects.
  • Ensure compliance with statutory, tax, and regulatory requirements.
  • Oversee internal controls across procurement, contracting, and project execution processes.
  • Manage insurance coverage for projects, assets, and liabilities.
Leadership & Strategic Decision Support
  • Act as a key financial advisor to the Managing Director and senior leadership team.
  • Support strategic decisions related to tenders, bids, joint ventures, and large-scale project investments.
  • Lead and develop finance teams across multiple group entities.
  • Drive process improvements and system implementations to enhance financial efficiency.
Stakeholder & Banking Relations
  • Prepare consolidated financial reports for group-level review and decision-making.
  • Present financial performance updates to management and external stakeholders where required.
  • Manage relationships with auditors, consultants, banks, and investors.
  • Ensure transparency and accuracy in financial reporting across all entities.
Job Requirements:
  • Bachelor’s degree in Finance, Accounting, or a related field (Master’s degree…
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