Chief Finance Officer -KSA -Riyadh| Financial Services| Orient Insurance
Location: SA Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.
Job description
We are seeking a dedicated and experienced Chief Finance Officer to analyze & report financial information of all overseas entities of Orient, enabling the Senior Management to make informed decisions and to manage & correlate overseas records in an efficient manner consistent with Group Policies, International Accounting Standards & Federal Laws.
What you will do
FINANCIAL RECORDS
Ensure accurate maintenance of accounts & financial records pertaining to Underwriting & Financial transactions in accordance with the accounting standards & Group policies in order to comply with the requirements of respective Federal Laws of KSA
BUDGETS
Monitor the formulation of annual budget and quarterly reviews of KSA operations and their performance against respective budgets & business objectives to ensure that management is accurately and timely informed about the financial status and results
MANAGEMENT INFORMATION / STATUTORY REPORTS
Administer the system/process for Compilation, collection and preparation of reports on underwriting & financial matters for timely submission to Management, Reinsurers & respective Government Departments in order to ensure effective facilitation for decision making & compliance with the stipulated requirements
WORKING CAPITAL MANAGEMENT
Govern the planning & organization of Company’s Financial Resources at KSA, in order to effectively manage working capital to meet the cash flow requirements
INVESTMENTS OF SURPLUS FUNDS
Spearhead the development of effective investment strategies in sync with Orient group strategy for placement of surplus funds, maximizing investment yield and income
RISK MANAGEMENT
Understand and mitigate key elements of the company's risk profile. Construct and monitor reliable control systems. Ensure that strong relations are maintained with external auditors. Investigate their findings and recommendations
FINANCIAL PLANNING
Assist in formulating the company's future direction and supporting tactical initiatives. Monitor and direct the implementation of strategic business plans at overseas entities. Ensure development of financial strategies & performance measures that support the company's overall strategic direction
Required skills to be successful:
Proficient in Excel, PowerPoint, and financial modeling tools Excellent analytical, problem-solving, and communication skills Ability to work independently and collaboratively in a fast-paced environment Strong interpersonal skills Excellent presentation skills Attention to detail and accuracy
What equips you for the role:
Bachelor's or Master's degree in Finance, Accounting, related field 10-15 years experience in a progressive organisation (Including 8-10 years in a senior managerial position in the same field in insurance industry )
Chartered Accountant with professional certification (e.g. CPA, CFA, ACCA, etc.) General Insurance with particular emphasis on Marine, Hull & Cargo, Non Marine, Motor, Life & Medical Accounting principles & conventions Should have UAE insurance experience and available in UAE or insurance experience within the GCC countries
About Orient Insurance PJSC:
Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman and Bahrain.
