Chief Financial Officer

Location
Jeddah , Saudi Arabia
Salary
Competitive
Posted
01 Oct 2018
Closes
19 Nov 2018
  • A minimum of 10 years' experience in Financial reporting, budgeting and managing others preferred to have a minimum of 4 years in a senior Finance position in insurance

  • Provide leadership in the development of financial controls, financial policies, procedures and guidelines, risk assessment and management to ensure that financial risks are identified and addressed

  • Provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations

  • Provide leadership in developing and directing the financial reporting, analysis and forecasts to ensure timely and accurate reporting and identification of risks and measurement performance

  • Enhance and implement financial and accounting systems, processes, tools and control systems

  • Ensure maintenance of appropriate internal controls and financial procedures

  • Oversee preparation of month-end, quarter-end and year-end financial statements

  • Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation

  • Ensure submission of statements, returns report to the regulatory authorities

  • Ensure preparation of Monthly Management Performance Report

  • Coordinate the development and monitoring of budget on yearly basis in coordination with various divisions, departments and branches for approval from the Board of Directors

  • Ensure preparation of business plan of the company with forecasts

  • Ensures proper provisioning of employees “End of Service” benefits

  • Ensures yearly submission of actuarial report

  • Establish and implement short and long range finance department goals, objectives, policies and financial procedures to ensure company financial position is protected

  • Oversee cash flow planning and ensure availability of funds as needed

  • Oversee cash, investment, and asset management

  • Oversee the accounting department to ensure proper maintenance of all accounting systems and function

  • Ensure legal and regulatory compliance regarding all financial functions

  • Oversee financing strategies and activities, as well as banking relationships

  • Participate in various Committees, meetings as and when required  

  • Present annual departmental budget relating to human resources and expense requirement for onward review and approval by CEO

  • Ensure development of Management Information Reports in coordination with IT department

  • Ensure accuracy of statistics for onward submission to government, regulatory authorities and agencies etc.

  • Mentor and develop a direct team, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic

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