Chief Financial Officer (CFO)
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Key skills for this role
About the Role
Formulate financial strategy, oversee budgeting, ensure compliance with regulations, manage audits, and maintain profitability in a FinTech environment.
Key Skills for This Role
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Group Financial Strategy & Governance
- Formulate and execute the group-wide financial strategy, integrating the objectives of the holding and all subsidiaries.
- Design the group capital and funding structure to optimize liquidity, equity, and intercompany financing.
- Oversee group-wide budgeting, forecasting, and financial planning aligned with business strategy.
- Establish a unified governance framework for all entities, ensuring compliance with SAMA s Financial Control Guidelines and corporate governance best practices for the Regulated FinTech Subsidiaries (SiFi).
Accounting, Financial Reporting & Consolidation
- Supervise preparation of standalone and consolidated financial statements (Holding + Subsidiaries) in accordance with IFRS.
- Oversee monthly, quarterly, and annual closings, ensuring accuracy and alignment between entities.
- Develop a centralized chart of accounts and reporting framework for uniformity across all companies.
- Ensure timely submission of consolidated financial reports to the Board, Audit Committee, investors, and regulators.
- Direct the implementation of ERP / Financial Systems Integration (Zoho One) across all business units.
External Audit & Assurance Management
- Act as the primary liaison with external auditors for group and subsidiary audits.
- Coordinate audit timetables, deliverables, and responses to management letters
- Ensure full compliance with audit and assurance requirements for SAMA-regulated entities
- Present audit findings and remediation plans to the Board Audit & Compliance Committee.
- Oversee the implementation of audit recommendations to strengthen financial integrity and control.
4-
- Taxation, Zakat, and Regulatory Filings (ZATCA & MOC)
- Ensure full compliance with ZATCA regulations regarding tax, zakat, and VAT.
- Review and approve all tax and zakat declarations, coordinating with external advisors.
- Oversee preparation and filing of Withholding Tax (WHT) and VAT returns for all group entities.
- Maintain accurate Zakat base computations in line with ZATCA Circulars and Unified Zakat Regulations.
- Ensure timely submission of statutory filings to the Ministry of Commerce for capital changes, board appointments, and financial statements.
- Implement effective tax risk management and transfer pricing documentation where applicable.
Sama Regulatory Compliance & Reporting
- Ensure strict adherence to all SAMA regulations, including: Payment Services Provider (PSP) Regulations, Electronic Money Institution (EMI) Guidelines, Corporate Governance Rules for Financial Institutions, Funds Segregation Requirements, & Supervise daily bank reconciliations, monitoring settlement timelines (T+1).
- Supervise the monthly and quarterly regulatory reporting to SAMA (financial position, liquidity, and capital adequacy).
- Ensure daily reconciliation of e-money balances and customer liabilities with segregated settlement accounts.
- Coordinate all SAMA inspections, compliance responses, and audit verifications.
- Maintain updated documentation of licenses, capital requirements, and bank guarantees in line with SAMA s directives.
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