CFO- Portfolio Management (Saudi National)

Overview

Oversee financial performance, reporting, governance of power/water projects and O&M subsidiaries.

Key Responsibilities

• financial reporting
• cost analysis
• budgeting
• forecasting
• audit oversight
• stakeholder management

Tasks

The CFO-Portfolio Management will be responsible for overseeing the financial performance and governance of the portfolio of project companies and O&M subsidiaries across multiple geographies. The role serves as a key link between the Group CFO and the project-level finance teams, ensuring consistency, transparency, and strategic alignment across all assets. The position requires a deep understanding of the power and water sectors within the Kingdom of Saudi Arabia, including the IPP framework, regulatory environment, and commercial structures under long-term concession and offtake arrangements. The role will lead the review and consolidation of financial results, business plans, and performance targets across operating and construction-stage projects, ensuring timely and accurate reporting to the Group CFO and Executive Management. This role also involves providing financial leadership and oversight to project-level CFOs and O&M company finance heads, supporting them in driving operational excellence, cost efficiency, and compliance. The incumbent will coordinate financial matters related to project stakeholders including lenders, government counterparties, EPC contractors, O&M providers, and other key service contractors to ensure sound financial discipline and alignment with contractual and corporate objectives. -Implement and maintain effective internal controls to safeguard company assets and ensure financial integrity. -Monitor financial interfaces among shareholders, lenders, contractors, and government offtakers to ensure proper coordination and timely issue resolution. -Collaborate closely with project-level CFOs, EPC contractors, and O&M service providers to ensure transparent cost control, cash flow discipline, and contract compliance. -Monitor, review & execute G&A performance action plans. -Oversee accounting and audit functions for all projects within the portfolio, ensuring compliance with regulatory standards and internal policies. -Lead financial planning, budgeting, and forecasting processes across the portfolio. -Drive continuous improvement initiatives to enhance financial performance and operational efficiency. -Manage relationships with partners and key stakeholders, ensuring alignment of financial goals and objectives. -Provide strategic financial guidance to support decision-making processes at the project and group levels. -Mentor and develop the finance team, fostering a culture of excellence and continuous learning. -Provide consolidated MTP review by asset / investment / projects. -Collaborate with project-level CFOs to develop and implement financial strategies that support business objectives. -Challenging the countries on the figures & their accuracy (e.g. Business performance translation into finance, cost optimization efforts, etc.) -Provide oversight on project-level financial models, refinancing initiatives, and variation order evaluations to ensure consistency across the portfolio. -Ensure accurate and timely financial reporting for all projects, maintaining transparency and accountability. -Support the G&A performance plan target setting & propose action plans in close coordination with countries & projects. -Coordinate/perform specific ad hoc performance reviews & financial analysis for the projects. -Serve as the key financial contact for internal and external stakeholders involved in construction and operational phases, including EPC, O&M, and technical advisory teams. -Together with the CFOs of the projects, ensure efficient business performance & MTP reviews with the countries. -Provide monthly/quarterly business performance reviews to CFO/CEO. -Prepare & organize quarterly review meetings per support functions (Finance, HR, Legal & IT). -Drive efficiency in project and corporate reporting cycles, ensuring accurate consolidation of project results and timely escalation of key variances. -Provide in-depth cost analysis. -Proposing possible areas of improvement, including action plans to reach performance targets. -Oversee and support the financial performance and governance of O&M subsidiaries, ensuring alignment with group standards, contractual commitments, and performance targets.

Requirements

• 10+ years
• mba
• erp
• epc
• mdt
• reporting

What You Bring

-Proven experience in the Kingdom of Saudi Arabia within the independent power and water producer (IPP/IWP) sector, with a strong grasp of regulatory, financial, and contractual frameworks. -Familiarity with EPC and O&M contract structures, financial terms, and performance-linked mechanisms. -10+ years’ experience in accounting/business controlling. Some experience at operational entity & corp. levels is a plus. -Ability to effectively manage relationships with government stakeholders, lenders, and both local and international partners in large-scale project environments. -Ability to build and update relevant analytical reports. -Operational and Project Integration; Demonstrates the ability to oversee multiple project and O&M finance teams, ensuring unified standards of reporting, compliance, and performance tracking across diverse contractual environments. -The ability to communicate at different levels of the organization, across different geographical locations and with people with different cultural background. -Experience in performance, efficiencies and process simplification. -Strong in structured business-oriented communication & giving good (written) executive synthesis. -University degree in Finance, Economics, and/or an MBA or relevant professional qualification. -Rigorous, analytical skills & good organizational and planning skills -Hands-on experience in portfolio reporting, and ERP-based performance management. -Strong interpersonal and communication skills. -Sound business orientation rooted in understanding of value creation levers & cost optimization mindset -Strong skills in IT Finance Systems or equivalent. Experience in MDT controlling tool is a plus (as well as Smart consolidation tool & ERP systems).

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