A
CFO Portfolio Management
Aljomaih Energy and Water Company
Riyadh, Saudi ArabiaSAR 10,000-12,500/moToday
Saudi ArabiaFinance & AccountingFull Time
Skills Required
ExcelAccountingErpLeadership
Job Description
<div><h3>Overview</h3><p>The CFO-Portfolio Management will be responsible for overseeing the financial performance and governance of AEW's portfolio of project companies and O&M subsidiaries across multiple geographies. The role serves as a key link between the Group CFO and the project-level finance teams, ensuring consistency, transparency, and strategic alignment across all assets.</p><p>The position requires a deep understanding of the power and water sectors within the Kingdom of Saudi Arabia, including the IPP framework, regulatory environment, and commercial structures under long-term concession and offtake arrangements. The role will lead the review and consolidation of financial results, business plans, and performance targets across operating and construction-stage projects, ensuring timely and accurate reporting to the Group CFO and Executive Management.</p><p>This role also involves providing financial leadership and oversight to project-level CFOs and O&M company finance heads, supporting them in driving operational excellence, cost efficiency, and compliance. The incumbent will coordinate financial matters related to project stakeholders including lenders, government counterparties, EPC contractors, O&M providers, and other key service contractors to ensure sound financial discipline and alignment with contractual and corporate objectives.</p><h3>Your Job Functions (Duties&Responsibilities)</h3><ul><li>Provide monthly/quarterly business performance reviews to CFO/CEO</li><li>Provide consolidated MTP review by asset / investment / projects</li><li>Together with the CFOs of the projects, ensure efficient business performance&MTP reviews with the countries</li><li>Provide in-depth cost analysis</li><li>Prepare&organize quarterly review meetings per support functions (Finance, HR, Legal&IT)</li><li>Support the G&A performance plan target setting&propose action plans in close coordination with countries&projects</li><li>Monitor, review&execute G&A performance action plans</li><li>Coordinate/perform specific ad hoc performance reviews&financial analysis for the projects</li><li>Challenging the countries on the figures&their accuracy (e.g. Business performance translation into finance, cost optimization efforts, etc.)</li><li>Proposing possible areas of improvement, including action plans to reach performance targets</li><li>Manage relationships with partners and key stakeholders, ensuring alignment of financial goals and objectives</li><li>Oversee accounting and audit functions for all projects within the portfolio, ensuring compliance with regulatory standards and internal policies</li><li>Ensure accurate and timely financial reporting for all projects, maintaining transparency and accountability</li><li>Collaborate with project-level CFOs to develop and implement financial strategies that support business objectives</li><li>Lead financial planning, budgeting, and forecasting processes across the portfolio</li><li>Implement and maintain effective internal controls to safeguard company assets and ensure financial integrity</li><li>Provide strategic financial guidance to support decision-making processes at the project and group levels</li><li>Drive continuous improvement initiatives to enhance financial performance and operational efficiency</li><li>Mentor and develop the finance team, fostering a culture of excellence and continuous learning</li><li>Oversee and support the financial performance and governance of O&M subsidiaries, ensuring alignment with group standards, contractual commitments, and performance targets.</li><li>Collaborate closely with project-level CFOs, EPC contractors, and O&M service providers to ensure transparent cost control, cash flow discipline, and contract compliance</li><li>Monitor financial interfaces among shareholders, lenders, contractors, and government offtakers to ensure proper coordination and timely issue resolution</li><li>Provide oversight on project-level financial models, refinancing initiatives, and variation order evaluations to ensure consistency across the portfolio</li><li>Drive efficiency in project and corporate reporting cycles, ensuring accurate consolidation of project results and timely escalation of key variances</li><li>Serve as the key financial contact for internal and external stakeholders involved in construction and operational phases, including EPC, O&M, and technical advisory teams</li></ul><h3>Requirements</h3><ul><li>University degree in Finance, Economics, and/or an MBA or relevant professional qualification</li><li>10+ years' experience in accounting/business controlling. Some experience at operational entity&corp. levels is a plus</li><li>Proven experience in the Kingdom of Saudi Arabia within the independent power and water producer (IPP/IWP) sector, with a strong grasp of regulatory, financial, and contractual frameworks</li><li>Strong skills in IT Finance Systems or equivalent. Experience in MDT controlling tool is a plus (as well
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