CFO: HIGH END CONSUMER MANUFACTURING- Riyadh, Saudi Arabia
Reputed Market leader with strong brand
Our client is a leading high end fashion/ accessory consumer products manufacturer. With no immediate competition in KSA the company is the largest manufacturer in its sector within the Middle East and is very high up in the global ranking with a presence in 35 countries.
Our client is taking huge steps to expand and to move into new areas. They are entering the next level and exploring new territories, covering new wide ranges of products and categories. Over the last four years the company increased sales by 40% and has hence built a strong distribution platform within Saudi Arabia.
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Largest manufacturer in its sector across Middle East
-Fantastic $300k+ USD package
-Expansion plans for 2009/ 2010
CHIEF FINANCIAL OFFICER
Reporting to: Group CEO – Saudi Arabia
Riyadh, KSA
JOB DETAILS:
•Participating in setting the company vision, mission and long and short terms strategic direction
•Participate in suggesting the expansion plans of the business and recommending actions to ensure long term organizational and financial effectiveness
•Establish control function and approval procedures and performance reports, P&L’s, making needed decision in addition to achieving company’s financial objectives
•Recruit and strengthen finance team in KSA and Egypt
•Build a treasury and credit management function
•Establish strategic relationships with banks and ensure compliance with covenants
•Review accounting structures, management accounts and allocation keys
•Coordinate budgeting, business planning and performance measurement efforts
•Streamline monthly, quarterly and annual financial close and reporting process across group
•Lead M&A evaluations and undertakings
•Follow-up on capacity expansion project in Egypt
•Supervise and strengthen the IT function
•Roll-out a new ERP or appropriate replacement system
•Roll-out with operations a total-cost manufacturing process and system
•Roll-out a sales / inventory management system for retail stores
•Preparation company for an IPO
ESSENTIAL REQUIREMENTS:
•Industry Experience: MNC’s, Fashion companies/ manufacturing, Gold/ Jewelry
Preferably worked in a large-scale multi-nationality based business.
•Location Experience: Middle East + North Africa + Far East
•Total Experience: 15-20 years including at least 4 years as a CFO
•Education: CIMA, CA, ACCA, CPA
Class ranking in a reputable MBA or MS in finance / accounting
KEY SKILLS REQUIRED:
•Qualified in contract negotiations, especially regarding bank facilities
•Monitoring KPIs and work plans
•Managing cultural change and development
• Qualified in finance, accounting, treasury, control and GAAP
• Manufacturing control
•Prioritized and execution oriented
•Seasoned in accounting structures, management accounts and allocation keys
•Experienced in total-cost manufacturing and process flows
•Familiar(with IT business process applications) in IT with regard to accounting, manufacturing and supply-chain
•Exposure to the upgrade of roll-out of an ERP system
•Good internal and external communicator in view of an IPO
•Able to lead an IPO in 2-3 years with support
BENEFITS:
•Competitive base salary negotiable for the right applicants
•Approximate base of $210k+ USD per annum
•Very large bonus structure
•High quality housing allowance on top of base
•Company car/ Transport allowance on top of base
•Company Share Plan
• Medical Insurance for family
•Education allowance for children
•Strong relocation package
