Bayt

Full time

Recruitment & Employee Placement Agency

Job Description

Duties & Responsibilities:

• Oversee the development and implementation of business plans and budgets for the company and its associates.
• Ensure alignment with corporate strategy and direction.
• Manage investment requirements and provide financial assessments for new ventures.
• Offer financial and operational advice to optimize resources.
• Define and oversee financial strategy, including treasury, planning, and investments.
• Direct operational and investment plans to ensure liquidity while minimizing interest expenses.
• Negotiate and optimize bank facilities based on company needs.
• Analyze external influences (interest rates, competition, etc.) to advise management on performance optimization.
• Design and implement a profit center for foreign exchange optimization.
• Assist in selecting an audit firm to ensure timely and high-quality audits..
• Develop departmental policies and processes for operational excellence.
• Approve the design of the common chart of accounts.
• Build and maintain a financial system covering accounting, purchasing, and inventory management.
• Direct budgeting, risk mitigation, and reconciliation processes across departments.
• Provide leadership and support to Finance & Accounting employees to ensure effective workflows.
• Assess business processes for compliance with international standards.
• Provide financial support to all departments.
• Review sales invoicing, collections, and credit control processes.
• Implement an internal auditing process to detect and resolve potential fraud.
• Ensure timely and accurate financial reporting to stakeholders.
• Coordinate with HR for staffing and resources in Finance & Accounting.
• Conduct periodic performance reviews of the Finance team.

Skills

• Prepare projected cash flow statements and manage banking facility requirements.
• Set and monitor KPIs annually for financial activities.
• Conduct performance appraisals for the finance and accounting teams, managing disciplinary actions when necessary.
• Perform monthly variance analysis and recommend corrective actions.
• Manage receivables, payables, and inventory to optimize working capital.
• Develop policies for Fixed Asset Management including tracking and disposal.
• Review employee expense claims and implement relevant policies.
• Coach the Finance team to enhance skills and address business needs.
• Handle any other tasks assigned by the CFO.

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Company

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Fircroft

Riyadh, Saudi Arabia

Fircroft is a global workforce solutions provider to the technical engineering sectors. Since 1970 Fircroft has been serving the biggest names in Oil & Gas, Petrochemical & Chemical, ICT, Mining & Minerals, Infrastructure & Construction, Power, Nuclear & Utilities and Automotive. Over 10,000 contractors trust Fircroft to take care of their careers. Open up a world of opportunity at fircroft.com Specialties: Technical Recruitment, Oil & Gas Recruitment, Contract Recruitment, Permanent Recruitment, Automotive Recruitment, Power & Energy Recruitment, Mining and Minerals Recruitment

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