The posting
About Our Client:
Our client is a fast-growing real estate startup based in Saudi Arabia.
Job Summary
We are seeking an entrepreneurial, commercially oriented Group Chief Financial Officer to lead the financial strategy and performance of three complementary businesses operating across real estate development, property and asset management, and real estate sales and marketing.
CFO will oversee three companies; Real Estate Development, Property Management, and Sales & Marketing entity.
Key Responsibilities
- Establish annual budgets, rolling forecasts, cash-flow forecasts, and long-term financial plans for each company.
- Develop and execute the Group's financial strategy in alignment with its business objectives.
- Create a consolidated financial view of the Group, with clear visibility into each company's profitability, liquidity, and capital requirements.
- Advise the Group Owner on investment decisions, financing options, capital allocation, and risk-adjusted returns.
- Establish financial policies, approval authorities, internal controls, and accountability across the three companies
- Identify and implement opportunities to improve operating margins, reduce unnecessary expenditure, and increase productivity.
- Lead financial analysis of development projects, including land acquisition, construction budgets, procurement, financing costs, sales assumptions, and project returns.
- Develop project-level cost benchmarks and variance analysis to help Company improve cost competitiveness without compromising quality.
- Evaluate Elite's property-management economics, including revenue per unit, operating costs, maintenance expenditure, occupancy assumptions, and contribution margins.
- Evaluate Company's sales productivity, commission economics, marketing expenditure, customer-acquisition costs, and return on marketing investment.
- Challenge business assumptions constructively and ensure that significant commercial decisions are supported by reliable financial analysis.
- Establish robust cash-flow forecasting and liquidity-management processes.
- Manage working capital, receivables, payables, and cash requirements across the Group.
- Develop financing strategies for real estate projects, including appropriate use of equity, bank facilities, and other financing instruments.
- Monitor debt obligations, financing costs, liquidity risks, and covenant compliance where applicable.
- Establish clear capital-allocation criteria and assess the expected return and downside risks of significant investments.
- Ensure that intercompany transactions, funding arrangements, and cash transfers are appropriately documented and approved.
- Build financial models for proposed developments, acquisitions, and new business initiatives.
- Establish early-warning indicators for cost overruns, delayed collections, financing pressure, and declining project returns.
- Support decisions regarding project phasing, pricing, financing, and capital deployment.
- Deliver timely, accurate monthly management accounts and consolidated Group reporting.
- Develop a concise monthly financial dashboard for the Group Owner.
- Establish clear key performance indicators (KPIs) for each company and monitor performance against approved targets.
- Ensure compliance with applicable Saudi accounting, tax, Zakat, VAT, e-invoicing, corporate, and statutory reporting requirements.
- Establish appropriate controls over procurement, payments, payroll, revenue recognition, commissions, and contract commitments.
- Identify financial, operational, fraud, and counterparty risks and implement proportionate mitigation measures.
Requirements
- Bachelor's degree in Finance, Accounting, Business, or a related discipline.
- Professional qualification such as CPA, ACCA, CMA, or an equivalent recognized qualification; an MBA is an advantage.
- A minimum of 12 years of progressive finance experience, including at least five years in a senior financial leadership role.
- Equivalent experience and demonstrated results may be considered.
- Proven experience in real estate development, construction, property management, or another capital-intensive project business.
Compensation & Benefits
- Competitive salary package.
- Medical and health insurance benefits.
- Annual leave and statutory benefits.
Other details: Work Mode: Remote Location: Remote from Pakistan Experience: 12 Year Days: Sunday to Thursday Timing:
- 10 am - 7 pm
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