Overview

Financial Director Jobs in Riyadh, Saudi Arabia at Confidential Jobs

Title: Financial Director

Company: Confidential Jobs

Location: Riyadh, Saudi Arabia

Company: Contracting Company

Location: Kingdom of Saudi Arabia

Industry: Construction / Contracting

Department: Finance & Accounts

Reports To: Chief Executive Officer / Group CFO

The Finance Director will be responsible for leading the full finance function of a contracting company in KSA, with a strong focus on cash flow management, project finance control, financial planning, reporting, budgeting, compliance, and strategic financial leadership .The ideal candidate must have extensive experience in the GCC construction/contracting industry, particularly in handling the financial operations of mega projects, managing project cash flow, controlling costs, supporting commercial decisions, and ensuring financial stability across multiple projects.

Key Responsibilities

  • Lead and manage the overall finance, accounting, budgeting, treasury, taxation, and financial reporting functions.
  • Oversee cash flow planning and ensure sufficient liquidity for ongoing and upcoming mega projects.
  • Monitor project cash flow, receivables, payables, project funding requirements, and working capital.
  • Prepare and manage annual budgets, financial forecasts, business plans, and long-term financial strategies.
  • Review project financial performance, including revenue recognition, cost control, margins, profitability, and cash position.
  • Coordinate with project directors, commercial teams, contracts, procurement, and operations to ensure financial alignment.
  • Manage banking relationships, credit facilities, guarantees, bonds, letters of credit, and project financing requirements.
  • Ensure timely preparation of monthly, quarterly, and annual financial statements and management reports.
  • Oversee financial risk management, internal controls, audit processes, and compliance requirements.
  • Ensure compliance with KSA financial regulations, tax laws, VAT, ZATCA requirements, and company policies.
  • Support tendering and commercial teams with financial evaluation, pricing strategy, cash flow projections, and risk assessment.
  • Review subcontractor payments, supplier payments, client billing, collections, and claims-related financial matters.
  • Lead external audit coordination and ensure accurate and timely completion of audit requirements.
  • Develop and implement financial policies, systems, procedures, and control frameworks.
  • Provide strategic financial advice to senior management to support business growth and profitability.
  • Lead, mentor, and develop the finance and accounting team.

Required Qualifications

  • Bachelor’s Degree in Finance, Accounting, Commerce, or a related field.
  • Professional certification such as CPA, ACCA, CMA, CFA, or equivalent is highly preferred.
  • Master’s Degree in Finance, Accounting, or Business Administration is an advantage.

Required Experience

  • Minimum 18 years of total experience in finance and accounting.
  • Strong experience handling finance functions within contracting or construction companies in the GCC.
  • Proven experience managing financial operations for mega projects.
  • Solid background in cash flow management for large-scale construction projects.
  • Experience in KSA or strong knowledge of the KSA market is highly preferred.
  • Previous experience as Finance Director, Finance Controller, Head of Finance, or senior finance leader in a contracting company is preferred.

Required Skills and Competencies

  • Strong knowledge of construction finance, project accounting, cost control, budgeting, and financial forecasting.
  • Excellent understanding of cash flow management, working capital, receivables, payables, and project funding.
  • Strong knowledge of KSA tax regulations, VAT, ZATCA requirements, and financial compliance.
  • Ability to analyze project profitability, cost performance, margins, and financial risks.
  • Strong leadership and team management skills.
  • Excellent communication, negotiation, and stakeholder management skills.
  • Strong analytical, problem-solving, and decision-making abilities.
  • High level of integrity, confidentiality, and professional judgment.
  • Ability to work under pressure and manage multiple mega project financial requirements.
  • Proficiency in ERP/accounting systems and advanced Microsoft Excel.
  • Knowledge of SAP, Oracle, Microsoft Dynamics, or similar ERP systems is an advantage.

Preferred Candidate Profile

  • Currently based in KSA or GCC.
  • Has worked with large contracting companies handling mega projects, infrastructure, high-rise buildings, commercial, hospitality, mixed-use, or industrial projects.
  • Strong banking, treasury, project finance, and cash flow management exposure.
  • CPA or equivalent professional qualification is strongly preferred.
  • Able to join within a reasonable notice period.

Key Performance Indicators

  • Effective project cash flow management.
  • Timely financial reporting and accurate forecasting.
  • Improved working capital and collection performance.
  • Compliance with KSA tax, audit, and regulatory requirements.
  • Strong internal financial controls.
  • Project profitability monitoring and financial risk reduction.
  • Successful leadership of the finance and accounting team.

Apply

Upload your CV/resume or any other relevant file. Max. file size: 800 MB.