Chief Financial Officer - Shear International Co. Ltd

• Develop and implement financial strategies aligned with the company’s goals and industrial operations.

• Lead budgeting, forecasting, and long-term financial planning processes, with focus on production costs and raw material volatility.

• Analyze financial risks and develop mitigation strategies, particularly in relation to foundry operations, energy usage, and scrap metal pricing.

• Oversee accounting, treasury, tax, and financial reporting functions.

• Ensure accurate monthly, quarterly, and annual financial statements in compliance with local regulations and international standards (IFRS/Saudi GAAP).

• Monitor working capital, cash flow, and liquidity to support smooth production and procurement cycles.

• Prepare cost analysis and variance reports for manufacturing and casting operations.

• Evaluate financial viability of capital investments, including machinery upgrades, expansions, and infrastructure projects.

• Lead feasibility and ROI assessments of new product lines or strategic partnerships (e.g., international collaborations).

• Supervise financing activities including LCs, project financing, and refinancing plans in coordination with banks and investors.

• Partner with supply chain and procurement teams to ensure cost-effective purchasing strategies, particularly for scrap, ferroalloys, and consumables.

• Analyze vendor contracts, payment terms, and price trends to optimize procurement spend.

• Ensure adherence to financial laws, tax regulations, and internal policies.

• Liaise with external auditors, banks, government authorities (e.g., ZATCA, MISA, SAMA) for financial and compliance matters.

• Oversee risk management, insurance, and internal controls tailored to foundry operations.

• Lead and develop the finance team, including accountants, controllers, and analysts.

• Promote cross-functional collaboration with operations, production, and logistics departments.

• Report to the CEO and Board of Directors on financial performance, risks, and strategic financial initiatives.

• Bachelor’s degree in Accounting, Finance, or Economics (MBA or CPA/ACCA preferred).

• 10+ years of financial leadership experience, preferably in heavy manufacturing or industrial sectors.

• Strong knowledge of cost accounting, industrial budgeting, and CapEx planning.

• Experience with ERP systems (e.g., SAP, Oracle, or local foundry ERP software).

• Deep understanding of financial compliance in Saudi Arabia, including VAT, Zakat, and SAMA guidelines.

• Excellent leadership, analytical, and communication skills.

• Bilingual (Arabic and English) preferred for effective coordination with local and international partners.

Qureos