Chief Financial Officer

Purpose of the Role

Manage the finance function end-to-end for a growing SME that delivers IT infrastructure projects (focus on IFRS 15, %-of-completion) and software products (focus on IAS 38 development capitalization). The role balances hands‑on accounting leadership with business partnering—tight month‑end closes, strong cash discipline, clean audits, and disciplined budgeting/forecasting—while building fit‑for‑purpose controls, policies, and scalable processes for growth.

Financial Reporting & Month‑End Close Lead timely monthly, quarterly, and annual closes; prepare management packs (P&L, BS, CF, dashboards) with analysis and commentary.

Maintain a robust chart of accounts and ensure reconciliations (banks, AR/AP, accruals, prepaids, intercompany) are current and accurate.

Coordinate annual financial statements under IFRS, working with external auditors.

Project Accounting & Revenue Recognition (IFRS 15)
Improve and streamline %-of-completion frameworks for IT infrastructure projects (input/output methods, cost‑to‑complete, WIP/contract assets & liabilities).Work with Delivery/PMO on Scope of Works, milestones, change orders, and evidence for revenue recognition.

Monitor project margins, variances, contingencies, and EACs (estimates at completion); surface early warnings and recommend corrections.

Software Products & Intangibles (IAS 38)
Define capitalization policy for development costs (criteria, time capture, gates, documentation).Track intangible assets: capitalization, amortization schedules, and impairment triggers.

Align with Product/Engineering on roadmaps, releases, and cost attribution.

Budgeting, Forecasting & FP&ARun the annual budget process; manage rolling forecasts (12–18 months).Build driver‑based models for revenue (pipeline, conversion, unit economics), OPEX, CAPEX, and headcount.

Partner with business leaders to monitor performance vs. plan; recommend corrective actions.

Cash, Treasury & Working Capital Own cash forecasting (13‑week/ ~ 1 Quarter and longer‑term); optimize DSO/DPO/Inventory (if any) and the cash conversion cycle.

Oversee collections, billing accuracy (including progress billing for projects and software licenses/subscriptions), and vendor terms.

Managing cash flows and developing financing and borrowing plans and managing relationships with banks and financial institutions (e.g., letters of guarantee/ credit)
Managing and improving the cash conversion cycle.

Controls, Policies & Governance Establish practical policies for an SME: delegation of authority, procure‑to‑pay, order‑to‑cash, Travel expenses, and petty cash.

Implement preventive/detective controls; enforce segregation of duties (right‑sized for a small team).Drive continuous improvement and document processes.

Tax, Zakat & Regulatory Compliance (KSA)
Ensure compliance with ZATCA (VAT/e‑invoicing), Zakat/Corporate Income Tax (as applicable), and WHT on cross‑border payments.

Coordinate filings and respond to queries/audits with external advisors.

Systems, Data & Tooling Administer the ERP/accounting system (currently using Odoo) with project accounting modules.

Automate and streamline repetitive tasks.

Commercial Partnering Support pricing, bids, and contract reviews (payment terms, penalties, performance guarantees).Evaluate project profitability, product ROI, and customer‑level economics.

Team Leadership & Outsourced Partners Coach a small team; manage external accountants, tax advisors, and auditors.

Create a simple training and cross‑coverage plan to reduce key‑person risk.

Bachelor's degree in Finance, Accounting, or related.
8+ years of experience in a similar field working on project‑based accounting (IT infrastructure, construction, or engineering) and/ or software products; prior experience in auditing is a plus but not required.

SOCPA, IFRS Certification, or CPA/ CMA preferred but not mandatory.

English and Arabic proficiency, both written and spoken.