Bid Recruitment is a division of The Management Recruitment Group

Executive Director, Financial Controls

  • 24
  • Permanent
  • Riyadh , Saudi Arabia
  • 19109

Position Title: Executive Director – Financial Controls

Location: Riyadh, Saudi Arabia

Company: MRG Global (working on behalf of a Confidential Client)

Are you ready to lead the financial controls function for one of the most ambitious projects in the world? MRG Global is conducting a confidential search on behalf of our client for an exceptional leader to fill the role of Executive Director – Financial Controls.

Our client is a PIF-backed project located in Riyadh, Saudi Arabia. Our client is seeking an Executive Director to oversee the organization's financial control and accounting processes. This role offers a unique opportunity to lead a critical function within a ground-breaking project.

As the Executive Director – Financial Controls, you will be responsible for:

  • Rigorous Financial Reporting: Ensure adherence to IFRS and control standards across all accounting processes, maintaining accuracy and operational excellence.
  • Cash Management: Lead cash flow management for the group, overseeing payments, purchase-to-pay processes, revenue recognition, fixed assets management, and general ledger.
  • Accounting Expertise: Stay updated on evolving accounting standards and provide guidance on complex issues such as fixed assets, impairment, revenue recognition, and financial instrument accounting.
  • Internal Controls: Develop and maintain robust internal control procedures to safeguard assets, ensure regulatory compliance, and mitigate financial risks.
  • Consolidation and Reporting: Drive the consolidation process, enhancing accuracy and providing insightful financial reporting to stakeholders.
  • Stakeholder Engagement: Collaborate with other functions to enhance financial processes, standardize procedures, and prepare for automation.
  • Strategic Planning: Prospectively plan for shared services operations, aligning with the organization's growth and efficiency goals, and driving automation and digital initiatives.
  • Team Leadership: Develop and train the financial controls team, ensuring performance targets are met and fostering a culture of excellence.

Our ideal candidate will possess:

  • Qualified Chartered Accountant with a bachelor's or master's degree in accounting/finance.
  • Professional certifications such as FCA or FCCA.
  • Minimum of 15+ years of finance experience, including 8-10 years in finance leadership roles in large and complex organizations.
  • Strong knowledge of IFRS and international financial reporting standards.
  • Excellent analytical, problem-solving, and IT skills, with experience in SAP and Aconex desirable.
  • Leadership, communication, and organizational skills to manage a large accounting team in a dynamic environment.
  • Experience in construction contracting, asset leasing, or entertainment providers industry is advantageous.
To apply, please contact Nicky Harrison in confidence with an updated CV and cover letter.

Apply now

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