Chief Financial Officer (CFO)

Job DescriptionSiFi is a rapidly growing B2B FinTech company transforming expense management for businesses in Saudi Arabia. As a licensed EMI from the Saudi Central Bank, we empower companies with innovative tools to simplify finance management.Position Overview: The Chief Financial Officer (CFO) plays a crucial role in overseeing and directing all financial functions within the Holding Company and its subsidiaries. This includes integrating and managing accounting, treasury, taxation, and regulatory operations. The CFO ensures that all activities comply with the regulations set by the SAMA, ZATCA, and MOC.In addition, the CFO upholds the highest standards of International Financial Reporting Standards (IFRS) and corporate governance, ensuring transparency and accountability throughout the organization. This role is essential for guaranteeing the accuracy of financial reporting, implementing robust internal controls, and facilitating efficient operational processes. Key responsibilities include overseeing daily settlements, conducting thorough reconciliations, and ensuring timely and precise regulatory filings across all entities in the group.Key Responsibilities1- Group Financial Strategy & GovernanceFormulate and execute the group-wide financial strategy, integrating the objectives of the holding and all subsidiaries.Design the group capital and funding structure to optimize liquidity, equity, and intercompany financing.Oversee group-wide budgeting, forecasting, and financial planning aligned with business strategy.Establish a unified governance framework for all entities, ensuring compliance with SAMA’s Financial Control Guidelines and corporate governance best practices for the Regulated FinTech Subsidiaries (SiFi).2- Accounting, Financial Reporting & ConsolidationSupervise preparation of standalone and consolidated financial statements (Holding + Subsidiaries) in accordance with IFRS.Oversee monthly, quarterly, and annual closings, ensuring accuracy and alignment between entities.Develop a centralized chart of accounts and reporting framework for uniformity across all companies.Ensure timely submission of consolidated financial reports to the Board, Audit Committee, investors, and regulators.Direct the implementation of ERP / Financial Systems Integration (Zoho One) across all business units.3- External Audit & Assurance ManagementAct as the primary liaison with external auditors for group and subsidiary audits.Coordinate audit timetables, deliverables, and responses to management letters.Ensure full compliance with audit and assurance requirements for SAMA-regulated entities.Present audit findings and remediation plans to the Board Audit & Compliance Committee.Oversee the implementation of audit recommendations to strengthen financial integrity and control.4- Taxation, Zakat, and Regulatory Filings (ZATCA & MOC)Ensure full compliance with ZATCA regulations regarding tax, zakat, and VAT.Review and approve all tax and zakat declarations, coordinating with external advisors.Oversee preparation and filing of Withholding Tax (WHT) and VAT returns for all group entities.Maintain accurate Zakat base computations in line with ZATCA Circulars and Unified Zakat Regulations.Ensure timely submission of statutory filings to the Ministry of Commerce for capital changes, board appointments, and financial statements.Implement effective tax risk management and transfer pricing documentation where applicable.5- SAMA Regulatory Compliance & ReportingEnsure strict adherence to all SAMA regulations, including: Payment Services Provider (PSP) Regulations, Electronic Money Institution (EMI) Guidelines, Corporate Governance Rules for Financial Institutions, Funds Segregation Requirements & Supervise daily bank reconciliations, monitoring settlement timelines (T+1).Supervise the monthly and quarterly regulatory reporting to SAMA (financial position, liquidity, and capital adequacy).Ensure daily reconciliation of e‑money balances and customer liabilities with segregated settlement accounts.Coordinate all SAMA inspections, compliance responses, and audit verifications.Maintain updated documentation of licenses, capital requirements, and bank guarantees in line with SAMA’s directives.6- Treasury & Liquidity ManagementManage all group and subsidiary cash positions, ensuring optimal liquidity and capital efficiency.Develop and enforce treasury policies, including cash pooling, payment authorization, and investment guidelines.Oversee banking operations, financing arrangements, and investments for both holding and operating entities.Ensure segregation of client funds as per SAMA rules, with appropriate bank confirmations and daily reports.7- Settlements, Reconciliation & Network RelationshipsLead the daily settlement and reconciliation operations with MasterCard, Network International, Saudi Payments (Mada), Partner Banks.Ensure complete alignment between customer liabilities, e‑money balances, and aggregated settlement accounts.Mo