Overview
Chief Financial Officer Jobs in Riyadh, Saudi Arabia at Confidential
Title: Chief Financial Officer
Company: Confidential
Location: Riyadh, Saudi Arabia
Job Title: Chief Financial Officer (CFO)
Reports to: Managing Director / CEO
Job Summary
The CFO is responsible for overseeing the financial strategy, planning, and management of the textile manufacturing company. This role ensures financial stability, cost efficiency, regulatory compliance, and supports business growth through strong financial leadership, particularly in manufacturing operations, supply chain, and export-oriented environments , and have good experience in wholesales, Retail .
Key Responsibilities
Financial Strategy & Planning
- Develop and implement short-term and long-term financial strategies aligned with business goals
- Lead budgeting, forecasting, and financial planning processes
- Support expansion plans, capacity utilization, and capital investments (machinery, plants)
Financial Operations & Control
- Oversee accounting, costing, treasury, taxation, and internal controls
- Ensure accurate product costing (yarn, fabric, processing, garments) and margin analysis
- Monitor working capital, inventory, receivables, and payables
Manufacturing & Cost Management
- Drive cost control initiatives across production, procurement, and logistics
- Analyze raw material price fluctuations (cotton, yarn, chemicals) and mitigate risks
- Improve operational efficiency and reduce wastage
Compliance & Risk Management
- Ensure compliance with statutory, tax, audit, and regulatory requirements
- Manage internal and external audits
- Identify financial risks and implement mitigation strategies
Cash Flow & Treasury
- Manage cash flow, banking relationships, and financing arrangements
- Oversee loans, credit facilities, forex exposure, and hedging (if export-oriented)
Leadership & Stakeholder Management
- Lead and mentor the finance and accounts team
- Present financial reports to the Board, investors, and lenders
- Work closely with production, procurement, sales, and HR teams
Qualifications & Experience
- Chartered Accountant (CA) / CPA / MBA (Finance)
- 10–15+ years of experience in finance, preferably in textile or manufacturing industries
- Strong knowledge of manufacturing costing, inventory management, and taxation
- Experience with ERP systems (SAP, Oracle, or similar)
- Exposure to exports, forex management, and government incentives is an advantage
Key Skills
- Strategic thinking and financial leadership
- Strong analytical and problem-solving skills
- Deep understanding of textile manufacturing processes
- Excellent communication and stakeholder management
- High integrity and attention to detail
