Job Title: Vice President / Chief Financial Officer (CFO)Location: Riyadh, Kingdom of Saudi ArabiaIndustry: Heavy Equipment Rental / Infrastructure / Industrial ServicesType: Full-time, Expatriate RoleReporting To: Group CFORole Overview:We are seeking a dynamic and seasoned Vice President / CFO to spearhead the finance, strategic growth, and operational control of its Saudi Arabian operations. This dual-role leader will be instrumental in building and scaling a financially efficient and compliant business, managing external and internal stakeholders, and ensuring financial discipline, governance, and strategic alignment with Group objectives. The ideal candidate will bring deep financial expertise, leadership acumen, and Middle East experience, especially in fundraising, banking relations, investor management, regulatory compliance, and business control.Key Responsibilities:1. Strategic Financial Leadership•Drive the financial strategy in alignment with the Group’s long-term growth and profitability targets.•Prepare and implement a 5–10 year business and financial plan, covering capex planning, return on investment (ROI), cost control, and capital structuring.•Partner with the CEO/Board on strategic decisions related to investments, partnerships, expansion, and divestments in KSA.2. Fundraising & Capital Management•Lead end-to-end fundraising initiatives – debt, equity, and mezzanine – from local and regional banks, financial institutions, and private investors.•Structure, negotiate, and execute financing deals including term loans, lease lines, project financing, and working capital limits.•Optimize capital deployment, interest cost, and debt-equity balance to improve the entity’s return on capital employed (ROCE).3. Controllership & Governance•Set up and lead the finance, accounting, and compliance function in accordance with local Saudi Arabian laws, IFRS, and Group accounting policies.•Establish robust internal controls, budgeting processes, financial reporting systems, and performance tracking mechanisms.•Ensure tax compliance (ZATCA), statutory filings, and timely audits with clean audit outcomes.4. Banking, Treasury, and Investor Relations•Manage banking relationships with top-tier KSA and GCC banks; handle loan documentation, fund drawdowns, and compliance covenants.•Supervise cash flow, FX exposure, fund utilization, and liquidity planning.•Liaise with shareholders, investors, joint venture partners (if any), and regulatory bodies to present financial performance and strategic direction.5. Commercial & Business Operations•Partner with the Sales, Projects, and Operations teams to drive pricing strategies, commercial contracting, client credit policies, and revenue realization.•Provide commercial oversight for large customer contracts, vendor arrangements, and cross-border transactions.•Monitor project profitability, asset utilization (cranes & equipment), and cost optimization across the value chain.6. Leadership & Team Building•Recruit, train, and mentor a local finance and commercial team capable of running day-to-day operations with minimal supervision.•Instill a performance culture based on accountability, transparency, and results.7. Reporting & MIS•Deliver accurate and timely monthly MIS, Board Packs, financial KPIs, and dashboards.•Lead the annual budgeting process and variance analysis across revenue, OPEX, and capex metrics.•Coordinate with Group Finance in India for consolidated reporting and intercompany transactions.Qualifications & Experience:?Education: Chartered Accountant (CA), CPA, CMA or MBA (Finance) from a reputed institution.?Experience: 12–20 years of progressive experience in finance leadership roles, with at least 5+ years in the GCC / Middle East, preferably in Saudi Arabia.?Proven track record of leading finance in capital-intensive industries such as heavy equipment rental, construction, infrastructure, logistics, or oil & gas.?Demonstrated success in fundraising, managing investor relations, handling banks and local regulators.?Prior experience in setting up a greenfield entity or finance function in the Middle East will be highly preferred.Key Competencies:?Strong understanding of Middle East regulatory, tax, and legal frameworks (ZATCA, SAGIA/MISA, GAZT, etc.)?Hands-on expertise in financial modeling, project finance, IFRS reporting, ERP systems (SAP).?Leadership presence and cross-functional collaboration abilities.?High integrity, risk awareness, and commitment to corporate governance.?Willingness to relocate to Riyadh, KSA and work in a start-up like, fast-paced entrepreneurial environment.Preferred:?Arabic proficiency is an added advantage but not mandatory.?Experience dealing with joint venture structures or sovereign wealth funds (SWFs).
Candidate Profile – Vice President / Chief Financial Officer (CFO)Location: Riyadh, Kingdom of Saudi ArabiaIndustry: Heavy Equipment Rental | Infrastructure | Industrial ServicesOverviewThe ideal candidate is a strategic, results-driven finance leader with 12–20 years of progressive experience in financial management, business control, fundraising, and organizational leadership within capital-intensive sectors. With a strong background in the GCC—preferably Saudi Arabia, this individual brings proven expertise in driving financial performance, ensuring governance, and supporting large-scale infrastructure and industrial service operations.This candidate must possess strong leadership acumen, exceptional stakeholder management capabilities, and hands-on experience building finance functions in fast-paced, evolving environments.Ideal Background & Experience•12–20+ years of experience in senior finance roles, including CFO, VP–Finance, Finance Director, or similar executive-level positions.•Minimum 5+ years of GCC/Middle East experience, preferably in Saudi Arabia.•Successful track record in heavy equipment rental, construction, logistics, infrastructure, industrial services, or other capital-intensive industries.•Demonstrated expertise in fundraising (debt/equity), banking relations, investor management, and regulatory compliance.•Experience in establishing or scaling finance and accounting functions, including greenfield operations or new entity setup.•Strong understanding of IFRS, ZATCA, KSA compliance, treasury operations, and financial governance.•Proven ability to lead business planning, long-term strategy creation (5–10 years), and capex-heavy financial modeling.•Experience working with top-tier banks, private investors, financial institutions, and regulatory bodies.•Background in handling large commercial contracts, project profitability, asset utilization, and operational cost control.•Hands-on exposure to ERP systems (SAP preferred), financial dashboards, MIS reporting, and forecasting models.Core Competencies•Strategic Financial Leadership: Ability to shape financial direction, drive profitability, and align operations with group-level goals.•Capital Structuring & Fundraising: Expertise in debt, equity, mezzanine structures, project finance, and working capital arrangements.•Governance & Risk Management: Strong command over internal controls, audits, compliance frameworks, and financial discipline.•Stakeholder & Investor Management: Skilled in engaging with shareholders, banks, JV partners, auditors, and regulatory authorities.•Operational & Commercial Excellence: Ability to partner with projects, sales, and operations to enhance margin, utilization, and performance.•Team Leadership: Strong capability to build, mentor, and lead a high-performing finance team, fostering accountability and transparency.•Analytical & Problem-Solving Skills: Proficient in financial modeling, scenario planning, and complex decision-making.Personal Attributes•High integrity, ethical mindset, and commitment to corporate governance.•Strong executive presence and communication skills.•Entrepreneurial mindset suitable for a fast-paced, start-up–like environment.•Ability to manage pressure, navigate ambiguity, and drive transformation.•Collaborative, mature, and culturally adaptable professional demeanor.Preferred Enhancements•Arabic language proficiency (advantageous but not essential).•Prior engagement with sovereign wealth funds (SWFs) or joint venture structures.•Experience in cross-border business operations and consolidations.
