Saudi Arabia Job Openings

VE Group

Chief Financial Officer (CFO)

Riyadh

FULL TIME

November 4, 2024

About Us
We are a leading bottled water company in Saudi Arabia, known for quality, innovation, and sustainable growth. With ambitious plans to expand our market presence and pursue a public offering in the coming years, we are looking for a visionary CFO to join our team. This is a unique opportunity for a high-caliber financial leader to drive growth, build long-term value, and play a pivotal role in a transformative journey.
Position Summary
The CFO will serve as a critical strategic executive, leading the company’s financial strategy, planning, and operations to achieve sustained growth and profitability. The ideal candidate will have extensive experience in the Saudi market, a strong network within banking and investment communities, and a proven track record in taking companies public. This role requires exceptional expertise in financial structuring, risk management, capital raising, and IPO readiness.
Key Responsibilities
  • Strategic Financial Leadership: Shape and execute financial strategies that drive growth, profitability, and long-term value creation aligned with the company’s vision.
  • IPO Preparation & Public Market Expertise: Oversee preparations for an IPO on the Saudi Tadawul, including financial structuring, regulatory compliance, and investor engagement. Lead efforts to make the company IPO-ready and serve as a primary liaison for potential investors.
  • Risk Management: Identify, assess, and mitigate financial and operational risks. Implement robust risk management policies to ensure compliance with local regulations and industry standards.
  • Financial Structuring & Capital Allocation: Optimize the company’s capital structure, balancing debt, equity, and internal funding. Develop strategies for debt structuring and secure favorable financing terms.
  • Banking & Investment Relations: Cultivate strong relationships within the Saudi banking and investment communities to facilitate capital raising and strategic partnerships, enhancing the company’s growth potential.
  • Advanced Financial Modeling & Scenario Planning: Create financial models that inform decision-making and provide insights into the company’s long-term financial outlook, preparing for various scenarios, including market expansion and public listing.
  • Operational Efficiency & Cost Management: Collaborate with cross-functional teams to streamline processes, optimize costs, and improve financial and operational efficiency across the organization.
  • Leadership & Team Development: Build and mentor a high-performing finance team, fostering a culture of accountability, innovation, and excellence.
Qualifications
  • Education: Bachelor’s degree in Finance, Accounting, or related field required; Master’s degree or professional certification (e.g., CPA, CMA) preferred.
  • Experience: Minimum of 10 years in senior financial roles, with at least 5 years as a CFO or similar leadership position. Proven experience in consumer goods, bottled water, or FMCG industry is preferred.
  • Saudi Market Expertise: Extensive knowledge of the Saudi market, particularly in FMCG or consumer goods, with a well-established network in Riyadh’s financial and banking sectors.
  • Public Offering & IPO Experience: Demonstrated success in taking a company public, ideally with experience on the Saudi Tadawul or similar exchanges.
  • Proven Track Record: Documented achievements in revenue growth, cost management, operational efficiency, and financial transformation.
Key Skills & Attributes
  • Strategic Vision: Ability to develop and implement forward-thinking financial strategies that support company growth and prepare it for public markets.
  • Risk Management: Proficiency in identifying, assessing, and managing financial and operational risks to ensure long-term stability.
  • Analytical Excellence: Skilled in financial analysis, modeling, forecasting, and scenario planning to drive data-informed decisions.
  • Capital Structuring Expertise: Deep knowledge of optimal capital structures, debt management, and financing options that support the company’s expansion and IPO-readiness.
  • Relationship Building: Exceptional communicator with the ability to influence executive decisions and establish trust with investors, bankers, and regulators.
  • Adaptability: Thrives in a fast-paced, dynamic environment with the ability to manage change and lead teams through growth and transition.
Job Types: Full-time, Permanent
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