Chief Financial Officer

Our client, a leading construction firm specializing in commercial, residential, and infrastructure projects, is seeking a highly experienced and strategic Chief Financial Officer (CFO) to join their executive team and drive financial excellence.

Key Responsibilities

• Financial Strategy and Planning
  • Develop and implement the companys financial strategy to align with business goals.
  • Lead long-term budget planning and cost management in line with the strategic plan.
  • Provide strategic recommendations to the CEO, Board, and executive team based on financial analysis and projections.
• Financial Reporting and Compliance
  • Oversee the preparation and communication of monthly, quarterly, and annual financial statements.
  • Ensure compliance with all legal and regulatory requirements.
  • Manage relationships with external auditors and ensure timely completion of annual audits.
• Operational Finance Management
  • Supervise the finance department, ensuring accurate financial analysis and reporting.
  • Implement effective internal controls to safeguard company assets.
  • Oversee cash flow management, treasury functions, and investment activities.
• Construction Project Financial Oversight
  • Collaborate with project managers to develop project budgets and track financial performance.
  • Analyze project costs and implement cost-saving measures without compromising quality.
  • Review contracts to ensure financial terms are favorable and align with company objectives.
• Risk Management
  • Identify and mitigate financial risks to the company.
  • Develop risk management policies and procedures.
  • Ensure adequate insurance coverage for all aspects of the business.
• Leadership and Team Development
  • Provide leadership, direction, and management to the finance team (including VP, Director, and finance managers).
  • Foster a culture of continuous improvement within the finance department.
  • Mentor and develop finance staff to ensure high performance levels.

Qualifications

• Education:
  • Bachelors degree in Finance, Accounting, or a related field; a Masters degree (MBA) or professional certifications (CMA, CPA) are preferred.
• Experience:
  • Minimum of 15-20 years of experience in a senior financial managerial position.
  • Experience in the construction industry is required.
  • Proven achievements in the GCC or UAE.
  • Arabic speaking is mandatory.
  • Proven track record of financial strategy development and implementation.
• Skills:
  • Strong knowledge of construction accounting principles and practices.
  • Familiarity with main ERP systems.
  • Strong analytical and negotiation skills.
  • Excellent reasoning and problem-solving skills.
  • Proficiency in financial software and tools related to construction finance management.
  • Strong leadership abilities with the capability to influence at all levels of the organization.
  • Exceptional communication skills, both written and verbal.