Chief Financial Officer

We are searching on behalf of our client, a leading Saudi industrial manufacturing business, for an experienced CFO to join its senior leadership team. The successful candidate will play a key role in overseeing the company’s financial strategy, performance, governance and long-term growth, while partnering closely with the CEO and other senior stakeholders.

Key Responsibilities

• Lead the overall finance function across financial controlling, budgeting, forecasting, reporting, treasury, tax, audit, financial planning and corporate finance, while progressively assuming full CFO responsibility.
• Own the annual budget, rolling forecasts, long-range financial plans and monthly performance reviews, providing clear visibility of financial performance, risks, opportunities, variances and required corrective actions.
• Deliver accurate, timely and commercially relevant financial reporting and analysis for the CEO, Executive Leadership Team, Board and Audit Committee, covering revenue, margins, EBITDA, costs, cash flow, working capital, CAPEX and overall business performance.
• Lead manufacturing finance and plant controlling, including production economics, standard and product costing, inventory valuation, variance analysis, overhead absorption, cost allocation and plant performance.
• Drive cost reduction, productivity and margin improvement through analysis of raw material consumption, yield, scrap, wastage, production efficiency, conversion costs, overheads and operational performance.
• Manage copper and other raw-material exposure, including commodity pricing, purchasing strategies, pricing mechanisms, hedging and margin protection.
• Partner with Sales and Commercial teams on financial and commercial decisions, including pricing, quotations, tenders, contracts, rebates, discounts, product profitability and margin governance.
• Partner with Operations, Procurement and Supply Chain to improve demand and production planning, inventory management, purchasing decisions, supplier terms, cost performance and working capital.
• Lead cash flow forecasting, liquidity and working capital management, overseeing receivables, payables, inventory, cash conversion, banking relationships, credit facilities, guarantees, letters of credit, trade finance and debt arrangements.
• Manage foreign exchange exposure and broader treasury risks, implementing appropriate risk-management and hedging strategies.
• Evaluate CAPEX, plant investments, expansion projects and major procurement decisions, developing business cases and assessing ROI, payback, financial impact and post-investment performance.
• Support the CEO and Executive Leadership Team on strategic decision-making, including scenario modelling, long-term financial planning, capital allocation, business strategy and commercially informed investment decisions.
• Maintain a robust financial control and governance framework, covering policies, procedures and approval processes, with particular focus on inventory, procurement, revenue recognition, customer credit, cash, fixed assets and CAPEX.
• Ensure compliance with accounting standards, tax regulations, statutory requirements, internal policies and corporate governance expectations, while maintaining high standards of financial integrity and reporting.
• Lead external and internal audits, tax reviews and related regulatory processes, ensuring timely and high-quality submissions and effective resolution of audit findings and recommendations.
• Identify, assess and manage financial, operational, commercial, treasury, commodity and compliance risks, ensuring appropriate mitigation measures are implemented and monitored.
• Lead, coach and develop the finance team, building technical and commercial capability, accountability, performance and succession strength.
• Work closely with the current CFO throughout the transition, progressively taking ownership of the finance function and preparing to assume full CFO responsibility within the planned 6–12-month succession period.
• Act as a trusted finance partner to the CEO, senior leadership team, plant management and functional heads, translating financial and operational data into clear, actionable recommendations that…