Job Specification
Number of Vacancies: 1
Job Type: Full-time
Experience: Minimum: 8 years minimum
Industry: IT Consulting

Job Summary
Functional Area:Sales
Location: Riyadh, Saudi Arabia
Job Role: Business Development Manager – BFSI
Reporting to: VP – Operations

About The Client
Our client is a Saudi Arabian company established in 1984 with the sole intention of providing IT services to the governmental and private sectors across the Kingdom of Saudi Arabia.
After more than three decades of persistent work, investment in people and facilities, and through strategic alliances with world-wide leaders, our client is capable of delivering professionally designed and implemented IT solutions and is considered an innovative and progressive market leader.

Job Purpose
As part of our clients growth across different industries, they are looking to appoint a seasoned Sales professional to help grow their BFSI (Banking, Financial Services, Insurance) sector clientele, by way of winning large deals in across Financial Services.
A strong track record of successful selling & managing large deals in the BFSI sector ; deep understanding of IT solutions and excellent soft skills are a pre requisite.
Key skills for the role
· Strong understanding of IT sector including – digital transformation, infrastructure, applications, data management, information security, hosting services and Fintech products in the Banking sector
· Good experience of owning & running large engagements in Financial Services sector across KSA as a Sales Lead / Client Relationship Lead
· Extensive background of working in a team to put together compelling propositions in order to win large deals
· Strong Bid Structuring , Pricing & Commercial Background
· Excellent Communication Skills
· Excellent Relationship management skills at CxO and Direct Report levels
· 8+ yrs Experience
· Strong track record of selling IT solutions within the Banking and Financial Services sector in KSA.

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘Business Development – BFSI’ in the subject line.

Job Specification

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

Job Summary

• Location: Jeddah, Saudi Arabia
• Job Role: Treasury Manager
• Reporting line: CFO
• Preferred nationality: Open to all nationalities located within KSA

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.

Job Overview

Under general direction of the GCFO, the Treasury Manager’s role is to manage various banking functions such as managing daily cash flows; timely availments and repayments of loans, arranging new and renewal of banking facilities, optimizing borrowing costs, hedging of Interest rates and foreign currency, efficient utilization of Working Capital, monitoring various Financial Ratios and Banks facilities covenants, managing banking relationship, ensuring timely payments to venders& employees, monitoring bank reconciliation, supervise payroll processing; keeping track of banking transactions, supervise Treasury staff.

Key Responsibilities

• Assess, monitor and manage all aspects of daily cash flows.
• Forecast daily, weekly, monthly and yearly cash requirements and execute financing decisions accordingly.
• Maintaining liquidity and ensure all funding requirements are met on timely basis.
• Assessment of short term funds requirements & arranging Murabaha, Tayseer, Tawaruq financing accordingly.
• Assessing and arranging Long / Medium Term Loans requirements at competitive rates and best terms to fund projects and purchase of fixed assets.
• Efficient utilisation of Working Capital to minimize the borrowing cost.
• Monitoring bank charges and optimizing financing costs.
• Negotiating with National and International banks for availing new banking facilities, annual review of existing facilities, restructuring existing facilities and negotiating pricing.
• Monitoring various financial ratios in line with covenants agreed with banks.
• Review the banking architecture, updating bank signatories list and propose necessary changes as and when needed, including opening and closing of bank accounts.
• Ensuring the online banking is implemented throughout the group
• Monitoring the issuance / amendment of Letter of Credits (LCs) and Bank Guarantees (BGs) / Performance Bond etc.
• Keeping track of Foreign exchange rate movements, company’s exposures & advising management on hedging accordingly.
• Monitoring Interest rates and arranging coupon settlement on existing IRS deal.
• Ensure interest rates on bank facilities’ as well as the foreign currency exchange rates are appropriately hedged on a timely basis.
• Supervise the Bank Reconciliation process, ensuring timely action to resolve reconciliation items.
• Keeping proper record of banking facility agreements.
• Review and monitor monthly payroll processing and ensure the compliance of the Wage Protection System (WPS) promulgated by the Labor Ministry of Saudi Arabia.
• Ensuring timely payment to vendors and employees.
• Understanding of the financial reporting and general ledger structure related to Treasury functions.
• Monitoring appropriate provision for accrued interest and other financial charges.
• Provide necessary information on related Treasury function to the Auditors.
• Providing necessary treasury date required for preparing annual budget and forecasting activities.
• Collaborates with the other department managers to achieve the overall goals and objectives of the company.
• Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
• Advises staff regarding the handling of non-routine reporting transactions.
• Responds to inquiries from the GCFO, GFC, Finance Manager, Accounting Manager and other department managers relating to treasury functions.
• Assist in development and implementation of new procedures and features to enhance the workflow of the department.
• Provide training to new and existing staff as and when needed.
• Handle personnel issues relating to staff conflicts, absenteeism, performance issues
• Work with each direct report to establish goals and objectives for each year and monitor and advice on the progress to enhance the professional development.
• Prepare the KPIs for all direct reports.
• Additional duties as directed by GCFO and management

Knowledge and Skills

• Will need to demonstrate that they can apply theoretical knowledge on relevant aspects of Treasury functions in treasury products into practice.
• Exposure in dealing with national and international banks in arranging bank facilities at competitive rates and best terms.
• Experience in ERP- Oracle cash management module to thrive in a fast -pace setting.
• Advanced IT skills (especially in Excel and Power Point).

Key Requirements

• CA, ACCA, CPA, or equivalent.
• Minimum 10 year’s managerial experience in handling treasury functions in Real Estate, Retail and Manufacturing group of companies.
• Extensive experience in preparing cash forecasts and cash flow analysis.
• Well experienced in interest rate swap (IRS) and currency hedging operations.
• Knowledge of borrowing, investment, banking and financial instruments.
• Knowledge of ERP system (Oracle) and treasury software.
• Strong verbal and written communication skills
• Strong interpersonal, supervisory skills required.
• Ability to multi-task, work under pressure and meet deadlines required

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

Job Specification

• Number of Vacancies: 1
• Job Type: Full-time
• Experience: Minimum: 8-10 years minimum
• Industry: Investment Banking/Asset Management

Job Summary

• Functional Area: Real Estate
• Location: Riyadh, Saudi Arabia
• Job Role: Head of Real Estate
• Reporting to: Chief Investment Officer

JOB PURPOSE

• Conduct a periodic inspection and visits for the properties.
• Reviewing maintenance contracts.
• Follow up on maintenance and services taking place.
• Handle the tenants issues, requests and concerns and lease agreements with the property manager company.
• Give suggestion for upgrading the properties.
• Coordinate with the property manager assigned for the assets.
• Visit assets willing to acquire and prepare reports for the management on the assets current condition.
• Visit projects under development and prepare a periodic report on the progress.

KEY RESPONSIBILITIES

• Provides management and direction for a portfolio of assets including ensuring that all terms and conditions embedded in any property management or project management contracts with third party or affiliated service providers are adhered to.
• Formulates strategies to maximize value and performance of assets; communicates and monitors strategies as developed and implemented.
• Monitors and reports portfolio risks to the Fund management.
• Monitors monthly & quarterly Property Management reports prepared by third party or affiliated service providers. Routinely monitors actual asset performance compared to budget.
• Oversee disposition process of existing assets, including overseeing marketing materials, due diligence, and closing requirements.
• Provides property level updates for Fund’s quarterly reporting package.
• Evaluates and reports on property performance relative to
  forecasts, asset strategies, and investment targets.
• Quarterly and annual asset valuations in accordance with the Valuation Policies & Procedures as established by the Fund.
• Participates in structuring and negotiating lease deals.
• Coordinates and prepares materials required for submission to Investment Committee, Boards and institutional investors.
• Monitors real estate market reconnaissance to keep apprised of changes in local markets.
• Provides timely reporting of assets under development and monitors the Project Manager’s adherence to development reports.
• Oversees and manages productivity of third party or affiliated leasing professionals and adherence to underwriting proformas.
• Quality Assurance and Quality Control (QAQC) on all property performance information going to the Fund.
• Drives post-opening absorption with property management and third party leasing agents.
• Monitor major property level operational and capital expenditure issues.
• Oversee the preparation of budgets and strategic plans for each asset.
• Interacts with senior management, investors, brokers, and other third parties as needed regarding assets and/or asset
  performance.
• Negotiates property management contracts with third party or affiliate service providers and monitors negotiation process with third-party property managers, as needed.
• Assists, as needed, with the underwriting, due diligence, capital markets and closing processes of acquisition and development opportunities.

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

Job Specification

Job Type: Full-Time
Number of Vacancies: 2
Job Type: Permanent
Industry: Hospitality/Real Estate

Job Summary

Functional Area: Accounting & Finance
Location: King Abdullah Economic City, Saudi Arabia
Job Role: Junior/Senior Accountant
Preferred nationality: Open to all Nationalities
Experience: Junior 2-3 years, Senior 8+ years

The Company

Our client is considered to be one of the fastest growing luxury hotel chains globally.  They own and operate premium resorts and villas in Europe, North Africa and the Middle East.  With plans in place to open resorts in The Kingdom of Saudi Arabia, they recently obtained their licence to operate with their offices located in the prestigious King Abdullah Economic City (KAEC) and are looking to add a Junior and Senior Accountant  to their team in KSA.

Key Responsibilities

The accountants will be in charge of running all accounting related and financial reporting activities of the company’s operations in the Kingdom of Saudi Arabia. The team will be working closely with the head office with the following responsibilities:

• Preparing a monthly profit and loss and balance sheet reports and periodic cash flow statements and presenting reports to management.
• Complete payments and controls expenses by receiving, processing, verifying, and reconciling invoices. Reconciling processed work by verifying entries and comparing system reports to balances.
• Prepare accurate tax reports in line with local tax regulations. Must have a clear ability to understand, assess and practice local taxes. (VAT Refunding, Corporate Income Tax, Withholding Tax, Zakat Tax, and other local tax applications)
• Reviewing of daily financial statements, verification and reconciliation of P&L and communication to management of material fluctuations.
• Processing month end closing activities. Liaise with the accounting team and independent auditors in completing audits.
• Familiarity in managing communications with governmental institutions, debt providers and shareholders.

Requirements

• Minimum Bachelor’s Degree in Accounting Related Fields
• For Junior Accountant: 2 – 3 Years of accounting experience.
• For Senior Accountant: Minimum 8 Years of accounting experience.
• CPA and/or CFA is preferred.
• Must be fluent English speaker.
• Must have strong Excel and PowerPoint skills
• Construction Management Company experience is preferred.

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

Job Specification

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

Job Summary

Functional Area: Accounting & Finance
Location: Riyadh, Saudi Arabia
Job Role: Chief Accountant
Reporting line: CFO
Preferred nationality: Open to all Nationalities
Experience: 8- 10 years of experience

The Company
Our client is a well-established poultry wholesaler based in Riyadh, Saudi Arabia, that offers a wide range of poultry products to a variety of distribution channels.  Through growth, a fantastic opportunity has developed for a Chief Accountant to undertake a variety of tasks relating to Accounting & Finance operations.

Key Responsibilities
• Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
• Coordinate and direct the preparation of the budget and financial forecasts and report variances
• Prepare and publish timely monthly financial statements
• Coordinate the preparation of regulatory reporting
• Research technical accounting issues for compliance
• Support month-end and year-end close process
• Ensure quality control over financial transactions and financial reporting
• Manage and comply with local and federal government reporting requirements and tax filings
• Develop and document business processes and accounting policies to maintain and strengthen internal controls

Requirements
• Bachelor’s Degree in Accountancy or any related accounting courses
• CPA certification is an added advantage
• Prior experience in FMCG Industry is an added advantage
• 8 to 10 years of overall combined accounting and finance experience
• Proven working experience as a Financial controller
• MS Office skills particularly strong capabilities in MS Excel
• Thorough knowledge of accounting principles and procedures
• Experience with creating financial statements
• Able to work independently and highly meticulous
• Experience with general ledger functions and the month-end/year end close process
• Excellent accounting software user and administration skills
• Outstanding phone and email etiquette

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

Job Specification

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

Job Summary

• Location: Jeddah, Saudi Arabia
• Job Role: CFO – Executive Manager
• Reporting line: CEO
• 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.

The Industrial Sector General Manager has overall responsibility for the strategic direction and performance of the Sector. He is responsible for the effective and efficient employment of all assets and resources of the Sector to achieve its strategic growth and profitability goals set by the Board of Directors and as defined in the strategy.

Job Overview

The CFO will be responsible for directing and overseeing the overall financial needs of the group. He will manage the financial operations, planning and budgeting, zakat and tax and treasury of the group.  He will be responsible for the preparation and presentation of the groups consolidated financial statements and budgets in accordance with the set objectives, targets, policies, procedures and controls.

Key Responsibilities

• Participate in the development and update of the group’s strategic direction, goals and objectives.
• Participate in the development of the group’s business plan and ensure that all activities within the finance & accounting department are aligned with it.
• Participate in the development of the group’s annual budget and maintain costs and expenditures within the set budget.
• Direct the development and update of long and short term finance strategic goals, objectives and plans which include all activities related to the financial analysis, financial projections, accounts payable, accounts receivable, treasury, and general ledger and ensure its alignment with the group strategic direction and business plan.
• Oversee and supervise the implementation of the strategic initiatives, as applicable, and communicate the strategy and initiatives to all individuals within the department.
• Direct the development of the departments’ guidelines, policies and procedures and ensure its implementation across all departments while ensuring compliance with the group’s strategic goals and objectives.
• Establish formal and informal communication lines across the department to allow prompt identification and resolution of problems that impede achievement of strategic goals.
• Report to the Chief Executive Officer on the status of all finance and accounting activities, and the group financial performance.
• Guide, direct and lead the following functions in executing their responsibilities in a timely manner and in line with the policies and procedures of:
  • Financial Operations
  • Planning and Budgeting
  • Zakat and Tax
  • Treasury
• Direct the implementation of the group-wide accounting policies and procedures and financial reporting systems in compliance with international accounting standards.
• Direct and oversee the payables, fixed assets, payroll, general leader and projects accounting functions for Corporate and sectors.
• Direct and oversee the preparation and presentation of the  group consolidated financial statements (including obtainment of the tax/zakat certificate) to the CEO and Board of Directors.
• Serve as the principal contact with the external audit firm, and ensure that they are provided close cooperation and assistance in the discharge of their responsibilities, including primarily the certification of the  group financial statements.
• Direct and oversee all costing initiatives including transfer prices across the group sectors to ensure adherence to the policies and procedures.
• Direct and oversee the financial analysis and planning assistance given to the entire group including all types of short/long term financial projections / forecasts / plans.
• Direct and oversee the support given to other departments (business development & marketing department) in feasibility studies, due diligence, financial modeling and valuations, financial projections and other type of financial analysis to support decisions related to acquisitions, divestitures, projects development and joint ventures.
• Advise CEO and Board of Directors on new company financial structuring/formation or financial structuring of existing sectors in the areas of capital structuring and tax optimization.
• Direct and oversee the treasury with respect to cash management, loan and facilities management and short term investment management for corporate.
• Cultivate relationships with financial institutions to serve the financial needs of the group.
• Direct and oversee the disbursement of funds and payments for the group including transfer of funds between accounts of the corporate and sectors.
• Direct and oversee all negotiations with the bank for facilities for the group requirements (loans).
• Direct and oversee the preparation of the monthly management performance reports showing key performance indicators, trends, comments on budget variations, relevant outside information, risks and areas that require management attention.  Present the reports to the CEO and Board of Directors.
• Direct and oversee the preparation and consolidation of the group corporate and sector budgets. Present the consolidated budget to the CEO for acceptance and to the Board of Directors for approval.

Managerial Responsibilities

• Provide advice, guidance, direction, and authorization to department managers and employees to carry out major plans and procedures, consistent with established policies.
• Communicate and discuss the departments’ guidelines and procedures with staff to ensure responsibilities, authorities and accountabilities for all staff are defined and understood.
• Delegate some of the responsibilities to appropriate subordinates in order to benefit from smooth running of the department’s operations.
• Provide guidance and leadership to department managers and employees to ensure effective and efficient flow of work, and to ensure that they recognize their fundamental role in achieving the objectives of the group in general and their department in particular.
• Conduct annual performance appraisal to review department managers and employees performance.
• Recommend salary adjustments, rewards and promotions based on department managers and employees’ performance.
• Monitor the adherence of department managers to the group’s guidelines, policies and procedures.
• Ensure effective departmental performance through the selection, development, deployment and motivation of competent department managers and staff.
• Develop the departments’ objectives, targets and key performance indicators (KPI’s) with the approval of the CEO.
• Report finance and accounting KPI’s progress on a regular basis.

Requirements

• Bachelor’s degree in Accounting or Finance (Master’s Degree is preferred) with a minimum of 15 years of related experience.
• Executive-level Finance & Accounting experience is required (5+ years).
• Professional certificate (i.e. CFA, CPA, CMA or CA) is preferred.
• Strong organizational skills and ability to coordinate organization-wide initiatives.
• Strong interpersonal skills such as leadership, communication, persuasion, motivation, and loyalty.
• Proficiency in both English and Arabic

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

Job Specification

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

Job Summary

• Functional Area: Sales
• Location: Riyadh, Saudi Arabia
• Job Role: Riyadh Sales Manager – Poultry
• Reporting line: Head of Sales
• Number of direct reports: 4
• Preferred nationality: Open to all nationalities
• Experience: Minimum of 8 years

Our client is a well established poultry wholesaler based in Riyadh, Saudi Arabia, that offers a wide range of poultry products to a variety of distribution channels.  Through growth, a fantastic opportunity has developed for a National Key Accounts Sales Manager to join as a senior member of the sales team.  This role would be ideal for candidates with aspirations to move into a more senior managerial role with more responsibilities.

Key Responsibilities

• Responsible for managing and developing the companies key accounts by finding new business as well as up/cross selling the companies product range in order to maximize sales.
• Maintain in-depth high level contacts with key end users and influencers, keeping them informed of price trends, new products and applications.
• Investigate customer complaints and solve routine industry problems on site. This includes, but is not limited to, new product applications, marketing efforts, new facilities, price trends, and key industry personnel.
• Meet or exceed sales budget targets on a year-to-year basis.
• Provides timely sales and product forecasts, reports and information as required.

Requirements

• Possess good negotiation and follow-up skills.
• Ability to manage a team
• Ability to develop, plan, and implement short and long range goals.
• Must have technical skills to know the right questions to ask of customers.
• Must be a self-starter with drive and initiative and work with little supervision.
• Must have a passion for the food industry.
• Provides excellent level of customer service to both internal and external customers.
• Possess a working knowledge in Microsoft Office programs.
• Ability to travel up to 40% of working time.
• A minimum of eight years of sales experience in the FMCG industry, poultry exposure would be a plus.

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

Job Specification

• Number of Vacancies: 1
• Job Type: Full-time
• Experience: Minimum: 10 years
• Industry: Investment Banking/Asset Management

Job Summary

• Functional Area: Legal/Governance
• Location: Riyadh, Saudi Arabia
• Job Role: Head of Governance, Legal and Board Secretary
• Reporting to: Board of Directors

JOB PURPOSE

Corporate Secretary & Chief Governance Officer is responsible along with the directors, for certain tasks. The key responsibility for the Board Secretary is to ensure that the Board has the proper advice and resources for discharging its fiduciary duty, and to ensure that the records of the Board’s actions reflect that the Board has done so. In addition, the Board Secretary helps to ensure that the Board of Directors adheres to all relevant regulatory requirements. The Board Secretary reports functionally to the Board of Directors and administratively to the CEO.

MINIMUM QUALIFICATIONS/EDUCATION/EXPERIENCE/TRAINING/KNOWLEDGE

Formal Education
Master’s degree of Law LLM
Professional certificate CMA_1
Work Experience
10 years, experience in legal, 4 years in Management role

Skills and Knowledge
– Has presence and good communication skills.
– Understands corporate and securities law.
– Mediates and achieves consensus.
– Understands the Company’s business.
– Detail-oriented, flexible and creative.
– Knows how to overcome bureaucratic thinking in the Company.
– Intuitive and sensitive to what the Chairman and directors are thinking.
– Knowledge of laws and instructions issued by regulatory agencies (company laws, labor laws, SAMA laws, CMA laws)
– Strong analytical and research skills.
– Proficiency in Microsoft Office
– High-level English language skills

JOB DUTIES AND RESPONSIBILITIES

• Organizing Board Meetings, Organizing the Annual General Meeting (AGM),
• Providing the Board with Access to Information
• Providing Legal Assistance to Directors on Governance Issues, Acts as adviser to the Board members and company directors.
• With Respect to Developing Corporate Governance Policies and Procedures
• Assisting in Enforcing Shareholder Rights
• Liaising Between Shareholders during Control Transactions
• Ensures that the Company operates in compliance with procedures for the maintenance and disclosure of information about the Company. Guarantees the safekeeping of corporate documentation.
• Ensures compliance obligations under relevant laws and the requirements of regulatory authorities are met (e.g., CMA)
• Conducting legal analysis and researching legal matters.
• Providing advice on the company’s legal matters.
• Drafting legal opinions, memoranda, agreements, and briefing documents.
• Providing and prepares all legal material related to the company’s activities
• Formulating formalities regarding settlements of disputes, Representing the company in all courts, and Monitoring the implementation of the legal clauses.
• Supervise the process of outsourcing any legal matters
• Prepares preventive law strategies, corporate policy and compliance programs to minimize litigation, third party disputes and other potential project development and implementation problem.

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

Job Specification

• Number of Vacancies: 1
• Job Type: Full-time
• Experience: Minimum: 10-12 years
• Industry: Investment Banking/Asset Management

Job Summary

• Functional Area: Asset Management
• Location: Riyadh, Saudi Arabia
• Job Role: Head of Asset Management
• Reporting to: Chief Investment Officer

JOB PURPOSE

Lead the Asset Management department in offering public capital and money markets investment solutions in the local, regional, and international financial markets. Ensuring that all investment decisions are made following the house investment process and after a proper due diligence. Enhancing the product offering by introducing new funds and investment strategies in line with the company strategy. Working with the Wealth Management team in raising AUM and directly involved in all ultra-high-net-worth and institutional client’s communication and meetings.

MINIMUM QUALIFICATIONS/EDUCATION/EXPERIENCE/TRAINING/KNOWLEDGE

• Master’s degree in business or related field, from a reputable business school.
• Professional certification such as (CME, CFA, CMT, etc.) is an advantage.
• Professional certificate in leadership.
• Minimum 10-12 years’ experience in portfolios management with solid track record in financial and securities market. Extensive experience in supervising teams as part of the execution process, including at least 6 years in a similar role.
Skills and Knowledge
• In depth knowledge of the company and its products specifications.
• In depth knowledge with CMA regulations and other regulatory bodies.
• In Depth knowledge in the financial and securities markets.
• Competent in Financial Risk Identification and Assessment.
• Competent in Investment Portfolio Management.
• Supervisory and Leadership Skills.
• high inter-personal and presentation skills

JOB DUTIES AND RESPONSIBILITIES

• Participate in formulating and constantly review the strategies, policies and procedures, standard, as well as annual budget for asset management services and investment funds operations, and incorporate up-to-date and innovative products and investment solutions, to ensure delivering superior investment return for all managed public and private accounts.
• Develops and executes comprehensive technical plans and programs, both short and long term, to achieve stated strategic objectives.
• Monitors the Asset Management Department performance against pre-set performance goals and ensures that preventive/corrective actions are taken accordingly.
• Sets the estimated budget for the Asset Management Department and monitors the Department’s expenditures and financial performance in coordination with Finance Department.
• Disseminates instructions and circulars in addition to take decisions necessary to fulfill endorsed plans and executive programs.
• Ensures full Compliance with CMA regulations and other regulatory bodies and ensures adherence to unitholders’ requirements, limits, restrictions and service standard.
• Leads, motivates, and coaches the subordinates and ensures that they completely understand the mission and vision of the organization and to give maximum output and ensure cooperation within all areas and divisions of the company.
• Oversees the formulation of effective investment decisions and strategies for new products and public and private funds as per the AMD standards and in compliance with the IFR.
• Ensures adherence to reporting requirements set by regulatory bodies in KSA.
• Leads market research, funds analysis and evaluates client accounts against unitholders requirements, constraints, benchmark, plans, budgets and KPIs, and delivers asset management’s advice and solutions through asset allocation and portfolio construction.
• Responsible for Raising the AUM and maximizes shareholder value and provides the best possible returns.
• Problem solving for complex accounting, cash management, performance and portfolio issues.
• Contributing to the development of the methods to improve processes, reduce risks and increase controls.
• Oversees the preparation of investment performance, mutual funds, and accounts reports on weekly, monthly, quarterly and annual basis as well as other necessary reporting in line with company and regulatory requirements.
• Builds and maintains strong, long-lasting customer relationships specially with ultra-high-net-worth individuals and participates effectively in maximizing AUM.

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

Job Specification

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

Job Summary

• Functional Area: Industrial Sector
• Location: Jeddah, Saudi Arabia
• Job Role: General Manager – Industrial Sector
• Reporting line: CEO
• Direct Reports: Supply Chain,Operations, QHSE, R&D, Business Development and Marketing, Sales, Project Manager, Finance, HR, IT
• 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.

The Industrial Sector General Manager has overall responsibility for the strategic direction and performance of the Sector. He is responsible for the effective and efficient employment of all assets and resources of the Sector to achieve its strategic growth and profitability goals set by the Board of Directors and as defined in the 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.
• Periodically evaluate the effectiveness of Supply Chain and aim to benefit from potential economies of cost.
• Monitor the Operations and address any operational obstacles to smooth running of factories.
• Ensure strict adherence to relevant industry quality standards.
• Support and commit resources to R&D initiatives after ensuring potential for reasonable return on investment.
• Represent the sector / companies in business development initiatives.
• Closely monitor the sales process to ensure that sales personnel see through to the client satisfaction through every step of the engagement.
• Guide the project manager to enable him to complete the projects on budget, quality and time constraints.
• 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).
• Industrial / Manufacturing 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 English and Arabic is a plus

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