Chief Financial Officer (CFO) – Retail Group

December 11, 2024
Apply Now

Job Description

Job Description: Chief Financial Officer (CFO) – Retail Group

Location: Riyadh, Saudi Arabia
Experience Required: 15+ years of finance leadership experience
Industry: Retail
Reports To: Chief Executive Officer (CEO)

About the Role:

Our client, a leading retail group based in Riyadh, is seeking a visionary Chief Financial Officer (CFO) to lead their financial strategy as they embark on ambitious regional and international expansion plans. The successful candidate will bring deep expertise in the retail sector, coupled with strong experience in fundraising and commercial finance management.

Key Responsibilities:

1. Strategic Financial Leadership

  • Develop and execute financial strategies to support regional and international growth objectives.
  • Serve as a strategic advisor to the CEO and Board, providing insights and recommendations for business decision-making.
  • Collaborate with leadership to identify new markets and expansion opportunities.

2. Commercial Finance Management

  • Drive commercial finance operations, including pricing strategies, margin optimization, and revenue growth.
  • Oversee cost control initiatives and enhance operational efficiency across business units.
  • Conduct in-depth financial analysis to support data-driven decision-making.

3. Fundraising & Capital Management

  • Lead efforts to secure growth capital through equity and debt financing.
  • Build and maintain relationships with financial institutions, investors, and other stakeholders.
  • Prepare and present compelling financial models and business cases to potential investors.

4. Financial Planning & Reporting

  • Oversee budgeting, forecasting, and long-term financial planning processes.
  • Ensure accurate, timely financial reporting in compliance with local and international accounting standards.
  • Monitor KPIs and deliver actionable insights to drive organizational performance.

5. Governance, Risk, and Compliance

  • Establish robust internal controls and governance frameworks to safeguard company assets.
  • Ensure compliance with regulatory and legal requirements in Saudi Arabia and international markets.
  • Develop risk mitigation strategies to address financial and operational challenges.

6. Team Leadership & Collaboration

  • Build and mentor a high-performing finance team capable of supporting growth and innovation.
  • Foster cross-functional collaboration to ensure alignment of financial goals with business operations.
  • Champion the adoption of technology and tools to enhance financial processes and reporting.

Key Qualifications:

Education:

  • Chartered Accountant (CA), CPA, or MBA in Finance from a reputed institution.

Experience:

  • 15+ years of progressive finance leadership experience, with a significant portion in the retail industry.
  • Proven expertise in fundraising, including equity and debt financing.
  • Experience in leading finance functions during periods of expansion and market entry.

Skills & Competencies:

  • Strategic thinker with the ability to manage complexity and drive change.
  • Strong command of financial modeling, forecasting, and analytical tools.
  • Exceptional communication and stakeholder management skills.
  • Deep understanding of the retail industry, including consumer behavior, supply chain, and market trends.
  • Familiarity with regulatory requirements and accounting standards in KSA and international markets.

What We Offer:

  • Competitive compensation package with performance-based incentives.
  • A pivotal leadership role in a leading retail group with ambitious growth plans.
  • Opportunity to shape the financial direction of a prominent brand in the region.
  • Collaborative and innovative work culture in a dynamic environment.

How to Apply:

Please apply here: bstuart@carter-knight.com