Finance Director

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Employer - Saudi Icon
Job Description

Job Summary
About us:
Saudi Icon (SI) is a leading provider of turnkey interior and fit-out contracting services in the GCC region. SI operates principally in the fit-out sector with a primary focus on hospitality, commercial and residential property developments, as well as retail and specialist construction sectors.
SI is also a provider of manufactured products and procurement services, with a concentration on customized furniture, fixtures and equipment (FF&E), including in-house operations, as well as providing to third parties.
Finance Director is responsible for maintaining and enhancing the financial health of the organization. He will guide the senior team on business models, strategic planning, investments and building governance mechanism. He will also assist the management in the development of growth plans and oversee key processes in the finance and accounting department. He will report directly to the Managing Director to assists him on all strategic and tactical matters related to strategic planning, budget management, cost benefit analysis, forecasting needs and the financial evaluation of different functions
Responsibilities and Duties
Strategic responsibilities
Assist Managing Director in development of major corporate economic strategies, objectives, and policies for the business units
Prepare reports, which summarize and forecast company business activity and financial position in areas of income, expenses, and earnings based on past, present, and expected investments
Oversee the financial operations of the group and business units
Make all the information and analysis ready for Managing Director to assist him in making decision
Budgeting and forecasting
Lead finance team in preparation of guidelines and schedule for budget creation
Prepare financial year budget for organization and departments by consulting with the Managing Director and department heads
Prepare and modify financial model to project the business growth of the organization as per feedback from executive committee and Managing Director
Monitor the cash in-flows and cash outflows and prepare periodic cash balances and cash forecast for subsidiaries
Review budget proposals and prepare necessary supporting documentation and justification
Risk Management
Understand and mitigate key elements of the company's risk profile
Monitor all open legal issues involving the company and its subsidiaries
Ensure that the company complies with all legal and regulatory requirements
Ensure that record keeping meets the requirements of auditors and government agencies
Report risk issues to the Managing Director
Cash Management
Review and recommend limits for funds to be allocated to each department
Determine the priority of the payments, keep in consideration Company’s business requirements and the availability of funds
Review all expenses for factory and all business units to make sure that it is legal, reasonable and in conformity with company policy
Bank Management
Lead and support finance team in establishing guidelines for bank account opening and closing and making signatory changes
Connect with all bank stakeholders and maintain relationship for all credit investments via banks
Overall supervision of the issuance or receipt of bank guarantees
Monitor and ensure efficient management of the company loans and its repayment
Tax and Compliance
Develop tax strategy to maximize the cash flow of the

Location - Saudi Arabia
Date Posted - 13 Feb 2020
salary - Negotiable
Experience - 1-5 years
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