Chief Actuary – KSA

Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Industry: Insurance

Job Summary

  • Job Role: Chief Actuary
  • Reporting to: CEO

JOB ACCOUNTABILITIES, DUTIES, RESPONSIBILITIES

  • Provide strategic advice to the CEO and the board of directors of the company, supporting in the achievement of profitability and growth.
  • Manage the actuarial department of the company.
    • Ensure the department is adequately staffed, including recruitment of Saudi students as required under the rules
    • Ensure adequate training and development is being provided to all actuarial staff
    • Ensure a supportive environment is maintained towards the development and educational needs of all actuarial staff.
    • Ensure an efficient actuarial development program is in place and being implemented and followed.
    • Ensuring efficient development of actuarial capabilities in-house
  • Ensure the company is in compliance with the Actuarial Work Rules and all other applicable rules, regulations, laws and circulars which directly or indirectly affects the actuarial function of the company.
  • Ensure actuarially sound prices are implemented in the company.
    • Development and maintenance of pricing models.
    • Monitoring of the actual prices and development.
    • Challenge and discuss the pricing exercise done by the appointed actuary
  • Ensure adequate reserves are being reported in the financial statement.
    • Development and maintenance of reserving models.
    • Monitoring of claims development and need for updates.
    • Carry out monthly reserving exercise along with regular back-test and adequacy checks.
  • Ensure accurate calculation of solvency is in place and support in projections of future solvency situation, conducting dynamic solvency testing and identifying, if any, points of concerns with suggestive course of action.
  • Support in annual and future business planning, in terms of accurate assumptions, product planning, investment planning, budgeting, reinsurance planning, recruitment, feasibility and effect of the planning on the financial condition of the company
  • Support underwriters in specific case pricing
  • Support the claims department with studies pertaining to claims development and delays, efficiency and make appropriate suggestions.
  • Ensure smooth communication between the company and the appointed actuary.
    • Timely and accurate data provision.
    • Implementation of appointed actuary’s output and advice
    • Discussions with appointed actuary to keep abreast with the strategy, plans and requirements.
    • Ensure bridging of communication between the appointed actuary, senior management, external and internal auditors, risk management function, board of directors, risk committee and audit committee.
  • Ensure the requirements set out for appointed actuary is met on timely basis with utmost standard of deliverables.
  • Support in IFRS 17 implementation including actuarial models and practices, statements, operational and other strategic inputs.
  • Support the CEO of the company with feasibility of any new product or project being undertaken.
  • Provide the management and the board with regular insights, reports and opinion on company’s strength and financial condition.
  • Ensure the actuarial insights and advice is considered in all key decision making within the company.
  • Coordinate with the Risk Management Function of the company to ensure estimation of material risk and suggestion of mitigation steps.
  • Coordinate with the investment function of the company to ensure ALM strategies are sound and suitable.
  • Support the company in ensuring adequate reinsurance and other risk transfer and mitigation techniques are in place and make suggestions for improvements.

KEY REQUIREMENTS

  • Must be a Fellow of any one of the reputed actuarial organizations (SOA, IFOA, CIA, CAS)
  • Minimum 10 years of experience in Actuarial domain, out of which minimum 8 years in insurance
  • Minimum 5 years of experience in Managerial position

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘Chief Actuary’ in the subject




Head of Risk (Insurance) – Riyadh

Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Industry: Insurance

Job Summary

  • Functional Area: Logistics
  • Location: Riyadh, Saudi Arabia
  • Job Role: Head of Risk
  • Reporting to: CEO

JOB ACCOUNTABILITIES, DUTIES, RESPONSIBILITIES

  • Ensure that written policies and procedures, and internal control mechanisms are in place.
  • Ensure annual review of the implementation effectiveness of the risk management policies and procedures by the Board.
  • Develops Risk Management function’s strategies, operational plans necessary in accordance with Company’s overall strategies and directions.
  • Ensures that the risks are identified, recorded and regularly reviewed, and implements corrective action where appropriate.
  • Designs and prepares risk management reports and ensures there is enough communication and information to decide on risk issues in a timely manner.
  • Identifies and evaluates the financial and operational impacts of existing and new risks to ensure the reasonableness and completeness.
  • Identification and assessment of business risks in cooperation with all business units.
  • Recommendation of potential measures for risk management in conjunction with all business units.
  • Monitoring of degree of implementation for defined risk measures.
  • Provides guidance and leadership to all Risk Management employees to ensure effective and efficient flow of work, and ensures all employees recognize their fundamental role in the function.
  • Monitors the adherence of Risk Management employees to the company’s guidelines, policies and procedures.
  • Ensures effective functional performance through the selection, development, deployment and motivation of competent staff.
  • Initiation of control checks to monitor the implementation of measures for risk handling, as well as to review compliance with the risk management guidelines.
  • Regular and ad-hoc reporting of identified risks to the management and Board of Directors.
  • Ensures establishment of a process for assessing risks associated with newand with changes to existing products, and implements controls to mitigate those risks.
  • Ensure mitigation of risk associated with evaluating and accepting during underwriting process.
  • Ensure mitigation of risk associated with paying claims to policy holders in claims payment process.
  • Ensure mitigation of IT risk relating to error or failure of the business operation due to technology related risk.
  • Ensure mitigation of risk resulting from the process by which the company attempts to identify the adequate premium rate.
  • Ensure mitigation of liquidity risk associated with the inability to liquidate the asset quickly enough without sacrificing a portion of the asset value.
  • Ensure mitigation of credit risk associated with uncertainty in the counter party’s ability to meet its obligations
  • Ensure mitigation of interest rate risk that the value of the investment would change due to a change in the interest rate.
  • Ensure mitigation of corporate governance risk associated with the rules dictating how rights and responsibilities are shared between the various stakeholders.
  • Ensure mitigation of reinsurance risk associated with transferring part of the risk to another company.
  • Ensure mitigation of reputation risk associated with negative public opinion about the company.
  • Ensure mitigation of country risk associated with the occurrence of changes in the business environment of a country thus affecting the profitability of the company.
  • Ensure mitigation of non-compliance risk arising from violation of laws, rules and regulations.
  • Mentor and develop a direct team, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
PRINCIPAL ACCOUNTABILITIES
Key Result Areas What is the incumbent expected to do?
Compliance with all relevant Regulations relating to SAMA Responsible for directing the risk management function in the Company, which includes risks identification, risk measurement, risk avoidance, and risk retention programs.

 

PERFORMANCE MEASURES
 

·         Development and implementation of all elements of risk management (methods, tools, etc.)

·         Creation of guidelines and working instructions for risk management

·         Development of suitable measures for risk management

 

INTERACTIONS WITHIN ORGANISATION
Division/Department Subject
Chief Executive Officer Reporting of identified significant risks and implementation of risks measures.
Board of Directors and its committees Annual Review of implementation effectiveness of the risk management policies and procedures
Business Heads Mitigation of Risks associated with the respective processes
Compliance Head Mitigation of risks arising from violation of laws, rules and regulations.
Finance Head Monthly, quarterly and annual reporting results and respective budgets.
IT Head Mitigation of IT risks relating to error or failure of business operations due to technology related risks.
Claims Head Mitigation of risk associated with paying claims to policy holders in claims payment process.
INTERACTIONS WITH EXTERNAL ORGANISATION
External Organisation Subject
SAMA

 

Annual report detailing risk management plan and its implementation steps.
Appointed Actuary

 

 

External Consultant

 

External Auditor

 

 

Outsourced Internal Auditor

Periodical Actuarial Valuation Reports, Financial Condition Report, Pricing Reports for Motor and Medical Business.

 

For any consultancy assignment required by the Company.

 

Discussing the technical provisions and Goodwill Impairment Test.

 

Coordinating the efforts of outsourced Internal Auditors and reporting to the BOD Audit Committee along with the Internal Auditor.

 

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘CRO – Jeddah’ in the subject




MEP Estimation Engineer – Jeddah

Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Industry: Construction
  • Nationalities: Open to all nationalities residing within KSA with a transferrable Iqama

Job Summary

  • Functional Area: Engineering
  • Location: Jeddah, Saudi Arabia
  • Job Role: Estimation Engineer
  • Reporting to: Estimation Manager

The Company

Our client is a general contracting company, based in Jeddah, Saudi Arabia. The company operates in the fields of Architecture, Commercial, Industrial, and Residential real estate.

Job Summary

An MEP Project and Estimation Engineer determine costs and potential profitability for commercial, residential, and industrial MEP contracting jobs. This work requires a high level of attention to detail and an analytical approach, as MEP estimators review Drawings and determine factors, such as cable lengths, fixtures, Panel Boards, HVAC, Plumbing and piping works needed etc. ensuring that they price these elements and their installation correctly. An MEP estimators tend to work with electromechanical contracting companies, helping them to ensure that their jobs are profitable and their project bids are competitive. The Projects engineer is responsible for designing, building, installing and maintaining all kinds of mechanical machinery, tool and components. He must be able to collect the field information; completing engineering calculations and analyses; selecting equipment and components; preparing design drawings and specifications. Mechanical site engineer is responsible for making sure all machinery on a given project is constructed and installed correctly as these projects are commercial construction projects and involve HVAC systems.

The majority of electromechanical engineering professionals are engineering technicians. These professionals design, test and maintain automated, unmanned equipment. Regular duties of electromechanical engineering technicians include reading Drawings and other design documents to aid in mechanical assembly; designing, testing and manufacturing electronically controlled mechanical systems; fabricating metal housings, fittings and various other metal machine parts; calibrating hydraulic systems and mounting electronic parts, additionally, electromechanical engineering professionals are responsible for monitoring, maintaining, troubleshooting and repairing manufacturing parts and systems.

Job Duties and Responsibilities

  • MEP projects – estimation engineer review residential, commercial, and industrial building, culverts and Machinery plans to determine the MEP needs of a project. These Drawings include elements such as the placement of utilities, workstations, or major appliances, along with information on specialty fixtures in specific locations. Additionally, MEP Engineer review these plans to gain a sense of wire/cable lengths and outlet placement according to MEP codes.
  • MEP Engineer determine material needs and costs. Generally, they review their supplier costs to determine how much each individual element will cost the contractor, including specialty elements, such as custom fixtures. MEP engineers also determine wire/cable, plumbing, HVAC, Panel Board needs based on the building plan, making sure to account for areas where extra material is necessary.
  • MEP engineers determine the overall labor needs for a project. If engineers work with a single contractor, they figure out how long project elements will take to rough time for start and finish for their crew. If estimators work with subcontractors, they may need to communicate to determine labor costs and gain a better sense of how much time the subcontractor expects a project to take.
  • Prepare and submit project bids. These bids typically have guidelines established by construction companies. In each bid, MEP engineers try to balance their costs and potential profitability with ensuring that the bid can compete with other contractors and companies.
  • While developing cost estimates, MEP engineers also determine a project’s potential profitability.
  • MEP engineers also maintain cost databases, outlining common costs to save time on future estimates. These databases to ensure they reflect changing material or labor costs and should be updated frequently to ensure adapting the new prices.
  • Time management is also key in this role, as MEP engineers need to make sure that they submit bids on time and often have multiple projects occurring at once.
  • Accurately interpret and apply information from work orders, job orders, specifications and drawings recognizing basic terms and symbols for construction estimates.
  • Ensure that the estimate and proposal is issued as a complete package.
  • Acquire pricing from vendors for jobs being bid.
  • Investigate project site and make site visit prior to bid and identify project location, access issues, haul routes, staging/waste areas and any other potential problems that could be associated with the work.
  • Analyze drawings, specifications and other documentation to prepare labor, materials, equipment and scheduled time estimates.
  • Review subcontracted work bids for competitive pricing and complete scope of work.
  • Report any risks and other special considerations for project cost and profit evaluations.
  • Prepare estimates used by management for purposes such as planning, organizing and scheduling work.
  • Help in maintaining estimate records for data and historical retention.
  • Must have knowledge and understanding of unit costs and the factors that affect construction cost.
  • Handling the project from first estimate all the way through subcontracts being formalized.
  • Able to engage and develop business with new and existing customers.
  • Work as a team with the civil estimators.
  • Breakdown the project charter into initial WBS to be able to estimate the quantities and initial cost.
  • Can estimate the manpower, equipment, tools, consumables, and their charges associated with each activity (supply and installation).
  • Can use and extract information from engineering software like ACAD,REVIT and others
  • Assist the estimation manager to develop recommended contingency for those risk that may not be able to be mitigated by other means.
  • Develop a common responsibility matrix for civil works and standardize it for the for all quotation templates.
  • Should be able to read and understand any electrical or mechanical drawings and capable of quantity surveying these drawings to general a BOQ and then prepare the quote based on the unit rates accordingly.

Minimum Qualifications/Experience

  • Transferable Iqama for non-Saudis.
  • Bachelor’s Degree in Electrical or Mechanical Engineering with valid practice licence.
  • Excellent user of engineering software (2D and 3D ACAD, REVIT, TEKLA,ETABS,STAAD)
  • 5+ years of related work experience involving typical estimating activities
  • Previous experience using estimating database supported software.
  • Excellent written and verbal communication skills (Arabic and English).
  • Must have a clear understanding of, and ability to work with, construction contract commercial documents, drawings and specifications.
    Proficient in using MS Office: Excel, Outlook, PowerPoint, word..etc.
  • PMP Certified candidate are preferable.
  • Preferred work experience with subcontractors, in the construction field.
  • Preferred relative experience in the Saudi Market.
  • Preference projects, Railway projects, pipeline projects, and governmental sector projects.
  • ARAMCO certified candidates are a plus.
  • Quantity surveying certificates are a plus.



Business Development Manager (Construction) – Jeddah

Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Industry: Construction
  • Nationalities: Open to all nationalities residing within KSA with a transferrable Iqama

Job Summary

  • Functional Area: Engineering
  • Location: Jeddah, Saudi Arabia
  • Job Role: Business Development Manager
  • Reporting to: General Manager/Director of Engineering

The Company

Our client is a general contracting company, based in Jeddah, Saudi Arabia. The company operates in the fields of Architecture, Commercial, Industrial, and Residential real estate.

Job Summary

Identifying new opportunities by researching the market and reaching out to the potential clients, maintaining, and leveraging the professional network, supervising, motivating, coaching the business development team, moreover, having the communication and following up tenacity, and accepting the challenge to meet the assigned business development target.

Job Duties and Responsibilities

  • Analyze existing and potential markets to identify and secure business development opportunities
  • Establish and maintain a client relations management database.
  • Hold the full responsibility of achieving the yearly target and coaches the team to make sure they also achieved their target.
  • Ability to introduce the company to new clients, with enough technical knowledge to be able to explain the company capabilities from construction perspective.
  • Find and develop new opportunities.
  • Preparing, developing, and maintaining healthy pipeline of business development opportunities, including always keeping the reports valid and up to date
  • Submitting reports to the top management about business development actions, achievements, status and forecasts of projects, any matters enhancing and affecting the business development targets and strategy.
  • Starting and growing Construction market study to identify potential clients and partners, survey and analyze the competition activities
  • Evaluate, consider, address, propose efficiency on how to be more competitive on proposals ant implementing the needed change along with other company departments.
  • Identify the Client’s requirements through meetings and gathering information with the people in charge from the Clients’ end.
  • Following up with estimation manager to get the quotation submitted on time.
  • Understanding the content of the submitted quotations, and being able to discuss it with the clients.
  • Discussing business development process efficiency with the top management and ensuring that the company is able to fulfill the terms of the contract in case of agreement.
  • Tracking the submitted quotations and addressing the causes in case of declination.
  • Create a sheet with the names and addresses of the entities that need to be targeted and update it continuously, in addition to arranging site visits for the sub-ordinates.
  • Gains customer acceptance by explaining or demonstrating cost reductions and operations improvements.
  • Pursuing to achieve the Business development department target.
  • Visiting and participating in exhibitions and conferences related to the company’s activity and submitting reports at the end of the event.
  • The ability to convince the client with our services and the high quality we provide.

Minimum Qualifications/Experience

  • Transferable Iqama for non-Saudi’s.
  • Tenacity and follow up skills.
  • Strong communication skills.
  • Verbal and written communication skills in Arabic and English
  • A bachelor’s degree in engineering with a valid engineering practice license.
  • Exemplary computer skills, including Excel, Word, Power Point, and Outlook
  • In-depth understanding of construction procedures and material.
  • Excellent written and spoken English. Arabic language as well.
  • Valid Driving License.
  • Excellent negotiation skills
  • Understanding of complex civil, structural, mechanical, electrical, fire protection building systems, and how they interface.
  • Prior experience in KSA.

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘BD Construction’ in the subject line




Division Head – MEP – Jeddah

Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: Minimum: 15+ years
  • Industry: Construction
  • Nationalities: Open to all nationalities residing within KSA with a transferrable Iqama

Job Summary

  • Functional Area: Engineering
  • Location: Jeddah, Saudi Arabia
  • Job Role: Division Head – MEP
  • Reporting to: Director of Engineering

The Company

Our client is a general contracting company, based in Jeddah, Saudi Arabia. The company operates in the fields of Architecture, Commercial, Industrial, and Residential real estate.

Job Summary

Our client is looking for an experienced professional to oversee their MEP engineering department and its subdivisions (projects, procurement, estimation, contracts, QA/QC, HSA, invoicing etc).

The Engineering Manager shall be involved in the areas of pre-planning, budgeting, resource allocation, contract negotiation, and worker coordination. He might supervise construction site personnel and subcontractors, attend daily, weekly and monthly project progress meetings, and monitor compliance with building and safety codes and regulations.

 

Job Duties and Responsibilities

  • Responsible for the success of the department’s overall performance.
  • Responsible for planning, executing, monitoring and closing the projects, and liable for the results of his projects.
  • Should have strong communication skills oral and written in both Arabic and English this is a must.
  • Participating/assisting in tender process i.e. in Estimation, submission, review and design and being able to provide reasonable/justified breakdown of his inputs to the estimation department.
  • Support business development whenever needed by visiting possible clients in case asked.
  • Accomplishes projects objectives and company’s strategic goals by recruiting, selecting, orienting, training, assigning, scheduling, counselling, and disciplining employees; communicating job expectations; planning, monitoring, appraising, and reviewing job contributions and enforcing policies and procedures.
  • Should have good potential shown by satisfactory past performance and growth in technical, fiscal, and management responsibilities in the engineering field.
  • Review projects in-depth to schedule tools, materials deliverables and estimate costs.
  • Should have high level leadership skills and experience to direct and manage a large team
  • Oversee and direct MEP projects from conception to completion.
  • Superior initiative, judgment, and ability required to assume the total leadership of a complete small, moderate and large-scale project(s).
  • Oversee all onsite and offsite construction work to monitor compliance with building and safety regulations.
  • Coordinates with Engineering Director to complete outlining scope, goals, deliverables, resources, budget, and timing
  • Clearly communicating expectations to the management related to the ongoing projects and expected projects.
  • Resolving all issues, disputes and overcoming obstacles throughout a projects’ life cycle.
  • Tracking and reporting on projects milestones, and providing reports of project status, outstanding risks and issues, and key chances in scope or schedule to top management
  • Effectively managing projects scopes by ensuring any changes are documented and approved
  • Coordinating and control the sites activities in accordance with project schedule, terms and conditions of the MEP contracts / SOW.
  • Being open and able to coordinate, adapt and sometimes adopt other trades schedules e.g. civil, infra structure and finishing which have influence on MEP scopes or might be influenced by MEP scopes.
  • Supervise the performance of subcontractors and vendors to ensure projects built in accordance with contract requirements, plan and Execution.
  • Any other tasks assigned by top management and performs other project management functions as required by Company higher Management.
  • Generally responsible for all projects contractor(s) oversight, daily management of quality assurance, Quality Control and safety programs/procedures adherence.
  • Reviews all works for compliance with the contracts, specifications, drawings, clients and consultants requirements. Identifies out-of-scope work requirements. Prepares contract change notices as required and/or Prepare Variation Orders and seek their approvals.
  • Assess all change requests, and study the time and cost impact imposed with these change requests until convincing clients and collecting these VO’s payments.
  • Maintaining construction schedules working with field operations team to ensure timely completion of tasks and project(s).
  • Define all possible risks mitigate the risk prior to the start of projects.
  • Ensure quality construction standards and the use of proper construction and inspection techniques.

Minimum Qualifications/Experience

  • Transferable Iqama for non-Saudi’s.
  • A bachelor degree in Electrical or Mechanical Engineering with a valid engineering practice license.
  • Minimum of (15+) years’ experience in the project management field (10+) as a project manager.
  • In-depth understanding of construction procedures and material and project management principles and familiarity with quality and health and safety standards.
  • Excellent written and spoken English/Arabic.
  • Valid Driving License.
  • Project management, supervision, leadership skills and decision making ability and experience in supervising construction drawings, survey measurements, issuing shop and as-built drawings.
  • Familiarity with the planning and project management software packages, ability to plan and see the “big picture” and must be Competent in conflict and crisis management.
  • Good team worker but able to exercise own judgment and able to work independently and make decisions Effective communicator, Excellent prioritization and planning skills.
  • Excellent negotiation skills
  • Excellent Knowledge of Auto CAD & Retail construction
  • Proficient in using MS Office tools (Excel, Word, Power point), Outlook, MS Project, AutoCAD and Adobe Acrobat PDF.
  • Capable of leading teams efficiently, resolve technical/commercial matters with client & Subcontractors.
  • Understanding of International Building Codes & US Green Building Council LEED Project Requirements.
  • Understanding of FIDIC requirements.
  • Experience in managing multiple contractors at work space or at Project Site.
  • Experience in Closing Out and Commissioning Projects.
  • Mandatory construction experience in vertical and horizontal projects.
  • Mandatory knowledge of claim mitigation.
  • Understanding of complex civil, structural, mechanical, electrical, fire protection building systems, and how they interface.
  • Understanding of Oracle Primavera Schedules, Cost Engineering, Estimating, and Unit Price Contract Management.
  • Preferred work experience with subcontractors, in the construction field.
  • Preferred relative experience in the Saudi Market.
  • Preference projects, Railway projects, pipeline projects, and governmental sector projects.
  • ARAMCO certified candidates are a plus.

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘MEP Division Head’ in the subject




Head of Securities Services, Custody and Fund Administration

JOB PURPOSE

Manages the Securities Services business of the bank, continuously enhancing the standard of service to both international and local clients. Develops and introduces new products to meet demanding needs and ensures products are well supported by systems and processes required.

MINIMUM QUALIFICATIONS/EDUCATION/EXPERIENCE/TRAINING/KNOWLEDGE

Formal Education Minimum Master’s degree in business or equivalent, and/or equivalent qualification, from a reputable business school.

Professional certification such as (CME1) qualified is an advantage.

Professional certificate in leadership.

Work Experience Minimum 10-12 years’ experience in banking particularly securities services (custody, Fund Admin and Agency Services), including at least 6 years in a similar role.
Skills and Knowledge Strong business management skills

Strong knowledge of systems.

Arabic/English proficiency.

MS Office and Power Point presentation.

JOB DUTIES AND RESPONSIBILITIES

  Job Area and KRAs 
1.        Participates in formulating strategies, policies and objectives for the Securities Services Department.
2.        Develops and executes comprehensive technical plans and programs, both short and long term, to achieve stated strategic objectives.
3.        Sets the estimated budget for the Securities Services Department and monitors the Department’s expenditures and financial performance in coordination with Finance Department.
4.        Ensures full compliance with Securities Business Regulations (SBR).
5.        Oversees and ensures proper Know Your Client (KYC) execution as per CMA requirements.
6.        Oversees the activities of the Securities Services Department which includes coordination with the bank, holding and administering securities on behalf of private and/or institutional clients domestically and/or internationally.
7.        Monitors the Securities Services Department performance against pre-set performance goals and ensures that preventive/corrective actions are taken accordingly.
8.        Disseminates instructions and circulars in addition to take decisions necessary to fulfill endorsed plans and executive programs.
9.        Ensures customer driven cost effective and efficient operation of Securities Services by developing and implementing Securities Services products and establish a culture of continuous diversification and upgrade of products meeting the market demand.
10.    Directs a business-oriented approach so as to improve the service level standard to meet the institutional clients’ requirements whilst maintaining reasonable risk control, by ensuring that the process is robust, staff skills are up to standard.
11.    Manages clients’ relationships by ensuring that the clients receive high standard services and in line with the service level agreements.
12.    Monitors the implementation of all policies and procedures relevant to Securities Services Department, educates the team and ensures successful implementation of such procedures.
13.    Ensures adherence to  internal control standards including timely implementation of internal and external audit recommendations together with any issue raised by regulators by continuously re-assessing the operational risks inherited in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, managing restructuring and the impact of new technology.
14.    Ensures skills, productivity level of staff by maintaining an open and transparent dialogue with staff at all levels and by establishing and applying skills requirements.
15.    Directs and ensures preparation of periodical/annual reports to keep top management informed about the progress of business initiatives/issues and to facilitate decision making.

KEY COMPETENCIES (BEHAVIOURS)

         Competency
1.         Strong leadership skills
2.         Result oriented
3.         Strong decision-making skills
4.         Strong communication skills
5.         Strong business development and marketing experience
6.         Ability to manage large team

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘Head of Securities Services’ in the subject




Mutual Funds Operations – Riyadh

Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: 5+ years
  • Industry: Investment Banking/Asset Management

Job Summary

  • Functional Area: Operations
  • Location: Riyadh, Saudi Arabia
  • Job Role: Mutual Funds Operations – Senior Manager
  • Nationalities: This vacancy is open to Saudi nationals only

Job Purpose

The Mutual Fund Operations Senior Manager is responsible to ensure processing of all operations as per policy & procedures, providing support, control and monitors the Asset Operations activities, which mainly includes dealing with Banks (Saudi & GCC) Internal Auditor, External Auditor, CMA inspection team and analyze the new/addition regulations and its implementation in true spirit and updating of policy & procedures accordingly and due diligence of systems and dealing with Vendors. Moreover, interaction and support to Product Development and Asset Management and real estate departments for new products and co-ordinate with custodian for on boarding of new funds from start to end.

Key Responsibilities

  • Managing Asset Operations staff, their appraisal, job descriptions, KPIs etc.
  • Review Mutual Fund’s Valuations.
  • Ensure daily Money market transactions settlement & review monthly reconciliation of Murabaha portfolios with all counterparties Saudi & GCC.
  • Analysis and Implementation of new /updated regulations.
  • Responsible for providing required information/ documents to Internal, External Auditors and CMA inspection team for Mutual Funds.
  • Support External Auditor until finalization of financial statements of all public funds & private equity funds & Assist to Head of Finance in preparation of Interim & yearly financial statements for Funds.
  • Co-ordinate with Asset Management and real estate departments, Compliance, Risk, Fund Custodian for day-to-day matters.
  • Due Diligence of new products with P.D & AMD, new system with Vendor, Custodian and Co-ordinate with I.T,  I.T and Vendors System Analyst for finalization of CR, testing and implementation.

 

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘MF Operations’ in the subject line.




Operations Manager – Coffee Shop Chain – Jeddah

Job Specification

  • Job Type: Full-Time
  • Number of Vacancies: 1
  • Job Type: Permanent
  • Industry: FMCG

Job Summary

  • Functional Area: FMCG Operations
  • Location: Jeddah, Saudi Arabia
  • Job Role: Operations Manager
  • Reporting line: General Manager
  • Preferred nationality: Open to all nationalities

The Company

Our client is a renowned and well established family owned business and one of the largest reputed diversified conglomerates in KSA.  They have been operating for over four decades and is one of the most successful and fastest growing group of companies in the Kingdom.  Their portfolio of companies includes Legal Professional Services Trading, Manufacturing, Communication, Retail Catering, Real Estate and Franchising.  They remain the pioneer in most of the activities it has pursued and maintained its leadership.

They are seeking an Operations Manager responsible for overseeing all operations of the restaurant, including hiring, training, and performance management of all supervisory and hourly staff, inventory management, customer service, and creation of store goals and promotions to maximize profits.

Key Responsibilities

  • Promote, work, and act in a manner consistent with the companies mission
  • Written and verbal store communication and top-down communication from corporate officers. Communicates with supervisors/leadership team to maintain the same practices and security policy and procedure at all levels of the operation. Communicates store goals to the team effectively and motivates others.
  • Monitors inventory levels and communicates with vendors to maintain business relationships and secure appropriate pricing, in coordination with the general manager.
  • Responsible for ensuring that all financial duties and reporting are completed accurately, including all administrative tasks and payroll and personnel activities.
  • Seeks to grow customer base and increase store traffic by creating and leading promotions within and outside the store as well as maintaining functional, efficient, pleasant store environment and high-quality food and beverage offerings.
  • Seeks to increase sales, monitors weekly and monthly P&L data, and works to increase bottom-line profits.
  • Reports performance information to corporate officers.
  • Helps to organize marketing efforts, including overseeing social media presence, completion of sampling and seasonal promotional goals and events, and interfacing with various groups and school organizations to grow customer base.
  • Leads and models the overall culture, values, mission, and spirit of the company. Is knowledgeable about the ideals and principles of bourbon coffee and ensures that our story is appropriately conveyed by staff and store environment.
  • Creates, adjusts, and implements training plans for new employees to gather with the training department.
  • Ensures full understanding and regularly observes and coaches staff on their performance, celebrating successes as well as discussing and offering suggestions if more feedback is needed.
  • With management team, performs annual employee reviews and conducts ongoing coaching and training sessions to ensure high levels of performance.
  • Oversees store staffing levels and assists in hiring and promotion assessments. Organizes labour to ensure adequate staffing.
  • Conducts regular management meetings to review financial reports, issues related to personnel, upcoming promotions, events, and activities, etc.-helps to create a positive, enthusiastic, and well-trained store culture by providing an informed, honest, and optimistic example for the team.
  • Responds appropriately to ideas, concerns, complaints, and comments from management and staff.
  • Models proper attendance, punctuality, customer service, and overall attitude.
  • Makes decisions on matters of import at the operations store level.quality of products, functionality, safety, and store appearance
  • Oversees and executes effective communication between stores and other departments to ensure that food and beverage offerings are fresh, labeled appropriately, and kept well-stocked. Guides direction of new seasonal food and beverage offerings and contributes any skills and ideas for new items.
  • Ensures that all company and store standards, guidelines, and procedures are communicated and followed by staff at all times. Models all rules and policies and maintains safety features and security of the company, FOH, and BOH operations.
  • Communicates safety features and hazards to the team.
  • Ensures store appearance is maintained at all times, including seating area, condiment bar, and FOH/BOH.
  • Ensures proper equipment functionality and performs or enforces completion of regular equipment maintenance. Utilizes resources and available information to troubleshoot when equipment errors occur; responds in a timely and reasonable fashion to problems.
  • Maintains, models, and coaches on the speed of service and organizes employees to maintain the most efficient floorplan and deployment for serving customers.

Requirements

  • Working knowledge of food and beverage functions, and general knowledge of shop operations.
  • Outgoing, positive attitude and enthusiasm for working with the public.
  • Demonstrates team management, delegation, issue resolution, coaching skills, and the ability to motivate others and provide direction for staff.
  • Excellent leadership, training, and development skills.
  • Effective oral and written communication skills.
  • Effective analytical, planning, and problem-solving skills.
  • Demonstrates organization and multi-project time/issue management and the ability to meet deadlines consistently.
  • Work effectively with supervisors, peers, subordinates, guests, vendors, and corporate partners.
  • Outstanding ability to listen, communicate and work effectively with guests in high stress and high volume setting.
  • Ability to present a calm demeanour that deters others from engaging in disruptive conduct, while encouraging a positive interaction with guests.
  • Ability to read and interpret documents like training materials, spreadsheets, reports, and operating instructions.
  • Accurate cash handling skills and ability to compute rate, ratio, and percent and to draw and interpret
  • Charts and bar graphs.
  • Proven ability to consistently deliver results with minimal supervision.
  • Flexible availability including daytime, evenings, weekends, and major holidays. Full availability for any shift, seven (7) days per week, including nights, weekends, and holidays is preferred.
  • Restaurant management or food service experience required.
  • Proficiency at all work stations in the lounge, including bar, food prep, POS system.
  • Complete knowledge of the menu, product preparation, and standards.
  • Working knowledge of all store equipment functions.
  • Prior experience with point-of-sale cash handling systems preferred.

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘Operations Manager – Coffee’ in the subject line.




General Manager – Real Estate – Jeddah

Job Specification

  • Job Type: Full-Time
  • Number of Vacancies: 1
  • Job Type: Permanent
  • Industry: Real Estate

Job Summary

  • Functional Area: Real Estate
  • Location: Jeddah, Saudi Arabia
  • Job Role: General Manager – Real Estate
  • Reporting line: CEO
  • Direct Reports: Real Estate Development Manager, Property Manager
  • Preferred nationality: Open to all nationalities

The Company

Our client is a renowned and well established family owned business and one of the largest reputed diversified conglomerates in KSA.  They have been operating for over four decades and is one of the most successful and fastest growing group of companies in the Kingdom.  Their portfolio of companies includes Legal Professional Services Trading, Manufacturing, Communication, Retail Catering, Real Estate and Franchising.  They remain the pioneer in most of the activities it has pursued and maintained its leadership.

The Real Estate Sector General Manager has overall responsibility for the strategic direction and performance of the sector. They are responsible for the effective and efficient employment of all assets and resources aiming to achieve its strategic growth and profitability goals set by the Board of Directors as defined in the company strategy.

Key Responsibilities

  • Provide advice, guidance, direction, and authorization to the Management Team to carry out major plans and procedures, consistent with established policies.
  • Conduct a strategic review of the sector’s performance on a regular basis to determine whether the sector is meeting its short-and long-term objectives (increase in profits, increase in market share, return on investment, etc).
  • Develop, in coordination with the Management Team, an integrated business plan that optimizes market share and profitability of existing or new activities.
  • Set departments’ high-level goals, objectives and plans and work with them on attaining such goals by closely monitoring their operations.
  • Review the operating results of the sector; compare them to established objectives and goals, and follow-up to ensure appropriate measures are taken to correct unsatisfactory results.
  • Manage and direct the operations of the following companies in the real estate sector:
    • Property Development
    • Property Management
    • Facilities Operations
  • Actively participate in representing Real Estate Sector to potential and existing investors.
  • Study, review and approve new investment products.
  • Oversee the investment portfolio and actively manage risk.
  • Meet with governmental regulatory authorities as and when required.
  • Commit resources to maintain compliance with industry quality standards.
  • Represent the sector / companies in business development initiatives. Seek opportunities possible by combined strength of the group and companies.
  • Assure smooth transactions between Head Office and representative support functions at sector level.
  • Managerial
  • Provide strategic leadership and guidance to all management.
  • Capitalize on professional contacts to further business development for sector / companies.
  • Monitor corporate performance and take corrective action where necessary.
  • Delegate some responsibilities to appropriate executives in order to ensure smooth running of the sector / company.
  • Conduct annual performance appraisal for all executives and recommend salary adjustments, rewards and promotions.
  • Monitor the adherence of employees to the group’s guidelines, policies and procedures.
  • Recruit, develop, manage and motivate executives and employees reporting to him.

Requirements

  • Bachelor’s degree in Engineering, Business Administration (MBA is preferred) or equivalent experience with a minimum of 15 years of related experience.
  • Extensive executive-level management experience (6+ years).
  • Real Estate industry experience is a must.
  • Strong visionary with proven leadership qualities and an entrepreneurial mindset.
  • Political awareness, professional expertise, financial orientation, self starting initiative, cross cultural awareness, organization astuteness and team spirit.
  • Ability to select, develop and motivate necessary management talent to maintain the sector’s overall objectives.
  • Strong interpersonal skills such as leadership, communication, persuasion, motivation, loyalty, and openness.
  • Must be a professional of unquestionable integrity, credibility, and character.
  • Proficiency in both English and Arabic Language.

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘GM – Real Estate’ in the subject line.




Internal Audit Director – Manufacturing

Job Specification

Number of Vacancies: 1

Job Type: Full-time

Experience: 7+ years

Industry: Industrial/Manufacturing

Job Summary

Functional Area: Internal Audit

Location: Riyadh, Saudi Arabia

Job Role:  Internal Audit Director

Reporting line: Group CEO

Preferred nationality: Open to all Nationalities

Experience: 7- 10 years of experience

The Company

Our client is a manufacturer and supplier of wires and cables based in the Middle East. They have affiliates operating across various regional locations with a heavy focus in the GCC countries and Iraq.

The Role

The Director, Internal Audit, has overall responsibility for the Internal Audit function. The position is responsible for ensuring Internal Audit is closely aligned with industry best practices in executing the duties across the Companies business and financial operations. Works to ensure roles, responsibilities, and results are efficiently coordinated and collectively optimizing the effectiveness of risk management, control and governance of the company.

Key Responsibilities

  • Lead Internal Audit’s change initiative by implementing action plans related to risk assessment and annual planning, audit execution, audit reporting, staff recruiting and development, audit technology, and Audit Committee reporting.
  • Lead Internal Audit’s annual risk assessment and enterprise risk assessment and planning process to develop the audit plan and ensure the plan is responsive to and aligned with the risk profile of the organization.
  • Oversee the execution of individual audits defined in the audit plan ensuring the highest level of service quality and client satisfaction.
  • Issue all Internal Audit reports ensuring the reports are clear, concise, identify root causes with practical solutions, and ultimately provide value to management.
  • Meet regularly with the Audit Committee to report the status of Internal Audit’s ongoing monitoring activities, educate/inform the committee of emerging risks and/or exposures (whether internal or external to the company) that should be considered, and serve as a “thought leader” with respect to risk management and internal control best practices.

Requirements

  • Bachelor’s degree in Accounting & Finance or other closely related field.
  • Certified Internal Audit (CIA) or Certified Public Accountant (CPA) is a plus.
  • 7 or more years’ experience in auditing or accounting; 3 years in a management role.
  • Knowledge of Generally Accepted Auditing Standards
  • Knowledge of Accounting and Finance Principles and Practices
  • Knowledge of a variety of reporting procedures, regulations, and law
  • Planning and Time Management
  • Effective Communication and Human Relations skills
  • Critical Thinking and Analysis
  • Tenacity and Ethics
  • Technology Proficient (excel, word, Visio, ability to learn new software)

Interested candidates please send your CV and contact details to profiles@darlingtonme.comreferencing ‘Internal Audit Director’ in the subject line.