Job Description
Roles & Responsibilities
Key responsibilities
- Financial reporting and accounting oversight Own monthly close process and ensure accurate, timely financial reporting across all entities and channels.
- Oversee statutory compliance including Zakat, tax authority filings, and annual audit coordination.
- Manage multi-currency accounting as organization expands internationally, including UK entity setup and ongoing UK financial operations.
- Establish and maintain accounting policies in line with Saudi GAAP and IFRS requirements, with appropriate adoption of UK accounting standards as UK presence develops.
- Maintain general ledger integrity and ensure clean documentation of all transactions.
- Management reporting and FP&A Build and maintain monthly management reporting that gives the CEO and senior team clear visibility into financial performance, channel-level profitability, and key business metrics.
- Develop revenue, gross margin, and operating expense tracking by channel, geography, and product collection (Standard versus Limited).
- Lead annual budgeting process in coordination with CEO and division leaders.
- Manage rolling forecasts and provide regular variance analysis against budget.
- Build financial models that support strategic decisions including pricing, channel investment, international expansion, and capital allocation.
- Treasury and cash management Manage cash position and forecast cash needs across operating accounts.
- Oversee banking relationships including operating accounts, credit facilities, and FX management.
- Manage working capital including supplier payment terms, receivables collection, and inventory financing implications.
- Implement appropriate FX strategy as international operations grow, including USD, GBP, and EUR exposure management.
- Identify and recommend treasury optimization opportunities including credit facility structures and cash conservation measures.
- Channel and commercial finance support Provide financial analysis and decision support to the Commercial Director on channel mix, pricing decisions, and retailer terms.
- Track channel-level profitability and identify margin improvement opportunities.
- Support commercial decisions on B2B and B2G accounts including bid analysis, custom program profitability, and large-account economics.
- Build channel-level reporting that links commercial activity to financial outcomes.
- Provide financial inputs to commercial planning including UK launch financial modeling and Gulf distributor economics.
- Strategic finance and capital Provide strategic finance partnership to the CEO on growth investment decisions, capital allocation, and major business decisions.
- Support capital strategy decisions including potential debt facilities, working capital lines, or external equity investment.
- If external capital is pursued, support investor materials, financial diligence, and ongoing investor relations in coordination with the CEO.
- Coordinate with the external fractional CFO advisor on strategic finance work that exceeds current internal capability.
- Build sophistication and capability over time to internalize strategic finance work as the role evolves toward CFO scope.
- Tax planning and compliance Manage tax strategy and compliance across all organization entities.
- Coordinate with external tax advisors on Saudi tax matters including Zakat, VAT, and any Withholding Tax obligations.
- Support international tax planning as organization expands, including UK corporate tax, transfer pricing between Saudi parent and UK entity, and VAT compliance.
- Identify tax optimization opportunities within ethical and legal frameworks.
- Financial systems and infrastructure Own organization's financial systems including accounting software, financial reporting tools, and integration with operational systems.
- Implement system improvements and migrations as scale and complexity demand more sophisticated infrastructure.
- Build financial controls and processes appropriate to a growing luxury brand.
- Document financial procedures and ensure consistent application across the organization.
- External relationships Manage relationships with external auditors, ensuring smooth annual audit process.
- Coordinate with external tax advisors on planning and compliance.
- Manage banking relationships including operating accounts, credit facilities, and FX services.
- Coordinate with the fractional CFO advisor during the Year 2-4 transition period.
- Build relationships with potential capital providers if external capital is pursued.
- Team development and progression Manage and develop the existing Accountant and any subsequent finance hires.
- Hire FP&A or Junior Finance team member in Year 3-4 as scale justifies.
- Build the finance team capability needed to support international scale.
- Develop personally toward CFO capability through stretch assignments, fractional CFO advisor mentorship, and continuous learning.
Desired Candidate Profile
Required experience
- 5-8 years of progressive finance experience including senior accounting and financial planning roles.
- Professional accounting qualification (SOCPA, CPA, ACCA, CA, or equivalent international qualification).
- Demonstrated capability in financial reporting, management accounting, and budgeting at growing companies.
- Strong working knowledge of Saudi GAAP, IFRS, and Saudi tax regulations including Zakat and VAT.
- Experience supporting multi-channel businesses with retail, wholesale, and direct-to-consumer operations.
- Track record of building or strengthening financial systems and processes at scale-up companies.
- Strong analytical and modeling skills with proficiency in Excel and ideally financial systems including Oracle NetSuite, SAP, or comparable ERP.
Preferred experience
- Background at a luxury, beauty, fragrance, or premium consumer brand at a similar scale to the organization.
- Experience supporting international expansion including UK or European entity setup, transfer pricing, and multi-jurisdiction tax planning.
- Familiarity with luxury industry economics including margin structures, channel economics, and inventory dynamics