Finance Director (Saudi National)

The Company

Multinational Life Sciences Company

Major Areas of Responsibility

Building Finance function and capability

  • Assess available resources, formulate plan to develop Finance function through developing processes, procedures and systems as well as hiring and developing the right talent.

Strategy

  • Contribute to the formulation of the business objectives of the Company and develop annual and medium-term financial plans to achieve objectives.
  • As a true business partner to the CEO assess organizational performance against both the annual budget and long-term strategy. 
  • Maintain tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.

Financial and Operational Management

  • Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate accounting principles, regulatory requirements, and audit requirements.
  • Maintain internal control safeguards and coordinate all audit activities.
  • Provide support and guidance in formulation, analysis and submission of capital proposals to include acquisitions, expansions and infrastructure support programs and ensure management approval.
  • Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
  • Optimize the handling of banking relationships and initiate appropriate strategies to enhance cash positions.
  • Manage and coordinate with local external partners (banks,,) the foreign exchange and mitigate risk on currency fluctuation.
  • Oversee budgeting; prepare operating and capital budgets and coordinate financial planning and budget management functions.
  • Build and maintain relationships with banks/financial services, tax/legal advisors and government bodies.  Assure compliance with all local regulations.
  • Develop, implement and maintain finance, accounting, billing, purchasing and auditing procedures.
  • Interact with other functional directors to provide consultative support to planning initiatives through financial and management information analysis, reports and recommendations.
  • Establish and implement short and long-range departmental goals, objectives, policies and operating procedures.
  • Administer and monitor all revenue cycle related topics such as pricing issues, tender prices offering, discounts, etc.

Team management

  • Build, develop and monitor a finance team; manage work allocation, problem resolution and performance evaluation.

Education:

  • BS in Finance or related field (Minimum)
  • MBA and/or CPA (Desirable)

Work Experience:

  • 12+ years of experience in Finance (early career can be any of or a mix of
  • Accounting/Audit/Finance)
  • Last 5-7 years in spent Finance role within a developed finance function
  • 3+ years senior finance management role (director level) with a demonstrable record in managing company finance
  • Experience gained with a developed pharmaceutical company or pharmaceutical specialized distributor; experience gained in Saudi Arabia is highly desirable but not mandatory

Other:

  • Leadership skills
  • Team player
  • Strong communication skills
  • Personable
  • Maturity and stature
  • Results driven
  • Strong work ethics and commitment
  • Integrity and moral fiber
  • Able to stand up to his opinion without antagonizing others
  • Experience working with family owned companies is highly desirable
Job Category: Executive
Job Type: Full Time
Job Location: Kingdom of Saudi Arabia

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