Summary
Qiddiya Investment Company is hiring an Executive Director, Finance to lead business finance for its sports, performing arts, and culture initiatives in Riyadh. The role oversees financial strategy, budgeting, forecasting, performance analysis, reporting, compliance, and risk management, and advises senior leaders on financial decisions. It also leads a finance team and engages with internal and external stakeholders. Applicants should have a relevant bachelor’s degree, at least 15 years of senior finance experience, and experience in the sports, arts, and culture sectors; an MBA and CPA, CFA, or equivalent certification are preferred. A comprehensive compensation and benefits package is offered.
The posting
As published on qiddiya.com. Pulled from the employer's site and shown as they wrote it.
Job Purpose:
Qiddiya Investment Company is excited to announce an opportunity for a highly skilled and visionary leader to join our team as the Executive Director - Business Finance (SPT & Art & Culture). This critical role is responsible for overseeing financial operations that support our diverse initiatives in sports, performing arts, and culture, as we aim to develop an iconic destination that inspires creativity and recreational excellence.
The Executive Director will provide strategic financial leadership, guiding financial decision-making, budgeting, forecasting, and analytics critical to project growth and sustainability. You will collaborate closely with senior management and cross-functional teams to foster financial best practices, optimize resource allocation, and drive performance across our business finance landscape.
Key Responsibilities:
1. Strategic Financial Leadership:
- Lead financial planning and strategic analysis for sports, performing arts, and cultural initiatives, ensuring alignment with Qiddiya’s vision and goals.
- Develop and implement business finance strategies that effectively support operational needs while maximizing ROI across diverse projects.
- Act as a trusted financial advisor to the executive team, offering insights and recommendations based on rigorous financial analysis.
2. Budget Management & Oversight:
- Direct budgeting processes for the sports and arts portfolio, ensuring effective allocation of financial resources to achieve company objectives.
- Implement fiscal controls and performance metrics that provide actionable insights into financial health and operational efficiency.
- Monitor financial performance against budgets, providing timely variance analysis and reporting to senior management.
3. Financial Reporting & Compliance:
- Oversee the preparation and presentation of financial reports, ensuring accuracy and compliance with relevant financial regulations and standards.
- Implement best practices in financial governance, ensuring adherence to internal policies and external regulations.
- Coordinate with auditors and provide necessary documentation for financial audits and assessments.
4. Risk Assessment & Mitigation:
- Identify and analyze financial risks related to business finance in arts, culture, and sports, formulating strategies to mitigate these risks.
- Develop and implement risk management policies to protect organizational assets and ensure financial integrity.
- Collaborate with legal and compliance teams to ensure full adherence to applicable laws and regulations.
5. Team Leadership & Development:
- Lead a team of finance professionals, fostering a culture of accountability, collaboration, and continuous improvement.
- Set clear objectives and performance benchmarks for the team, ensuring alignment with organizational goals.
- Encourage professional growth and development through mentoring, training, and leadership opportunities.
6. Stakeholder Engagement:
- Develop and maintain strong relationships with internal and external stakeholders, including government entities, partners, and community organizations.
- Communicate financial strategies and results clearly to diverse audiences, ensuring transparency and understanding.
- Support stakeholder engagement initiatives that promote collaboration and strategic partnerships for project success.
Requirements
Qualifications & Skills:
- Education: Bachelor’s degree in Finance, Accounting, Business Administration, or related field; MBA or other relevant advanced degree preferred.
- Certifications: CPA, CFA, or equivalent relevant certification greatly beneficial.
- Experience: Minimum of 15 years in senior finance roles, with a focus on business finance within the sports, arts, and culture sectors.
- Expertise: Proven experience in financial management, budgeting, financial analysis, and reporting, with knowledge of the unique finance needs of the arts and culture sectors.
- Strategic Acumen: Ability to develop long-term financial strategies that align with organizational missions and operational goals.
- Leadership: Strong leadership qualities, with demonstrated experience in building and guiding high-performance finance teams.
- Communication: Excellent verbal and written communication skills, capable of engaging and influencing a wide range of stakeholders.
- Technological Proficiency: Familiarity with financial software, ERP systems, and data analysis tools relevant to financial reporting and analysis.
Required Competencies:
- Strategic Orientation: Ability to align financial strategies with broader organizational goals.
- Analytical Mindset: Strong analytical capabilities with attention to detail in financial documents and budgetary management.
- Collaborative Approach: Proven ability to collaborate across teams and departments for cohesive financial strategy implementation.
- Innovative Thinking: Enthusiasm for innovative financial solutions that support creative projects and initiatives.
- Results Focus: Demonstrated track record of delivering results and achieving financial targets in complex environments.
Benefits
Offering a comprehensive compensation and benefits package.