Chief Financial Officer (CFO) – Construction

Chief Financial Officer (CFO) – Construction

Location: Benghazi, Libya

Company: Prominent construction company headquartered in Riyadh, Saudi Arabia

Core Business: Construction, Tents Manufacturing & Installation, & Temporary Structures Rentals

Salary: SAR 75,000 per month (assumed monthly; package structure to be confirmed)

Reporting to: Group CEO / Board of Directors

Interested candidates who meet the criteria can apply online or by forwarding their CVs directly to the below email address and put in the subject (CFO – Construction -Libya)

vacancies@jordan-impact.jo

Role Purpose

Lead the financial strategy, governance, and performance of the company’s construction operations in Libya. Based in Benghazi, the CFO will oversee financial planning, project controls, treasury, funding, reporting, and risk management, while ensuring alignment with the Riyadh headquarters.

The role requires a senior finance executive with direct experience in Libya and a strong record of managing the financial complexity of large construction projects.

Key Responsibilities

Financial Strategy and Leadership

- Develop and execute the financial strategy supporting major construction projects and business growth in Libya.

- Advise the CEO and Board on investment decisions, funding requirements, profitability, and financial exposure.

- Lead annual budgets, business plans, rolling forecasts, and scenario analysis.

- Establish clear financial authority limits and accountability across corporate and project teams.

Construction Finance and Project Controls

- Oversee project budgeting, cost control, cash flow forecasting, and profitability reporting.

- Review tender pricing, financial assumptions, contractual payment terms, and project funding requirements.

- Monitor work in progress, revenue recognition, cost to complete, forecast margins, variations, claims, and retention balances.

- Challenge project forecasts and identify cost overruns, margin erosion, and cash flow risks early.

- Partner with project directors, commercial teams, procurement, and operations to improve financial performance.

- Oversee subcontractor payments, supplier commitments, advance payments, and project reconciliations.

Treasury, Banking, and Funding

- Manage liquidity and working capital across multiple large projects.

- Lead banking relationships and negotiate credit facilities and project financing arrangements.

- Oversee performance bonds, advance payment guarantees, letters of credit, and related exposures.

- Manage foreign currency exposure, cross-border payments, and cash movements between Libya and Saudi Arabia.

- Drive collection of certified payments, outstanding receivables, and retention amounts.

Reporting, Governance, and Compliance

- Deliver accurate and timely financial statements, management reports, and consolidated reporting to Riyadh headquarters.

- Oversee applicable accounting standards, statutory reporting, taxation, and external audits.

- Maintain effective internal controls over procurement, payments, payroll, assets, and project expenditure.

- Coordinate with local advisers on Libyan financial, tax, and regulatory requirements.

- Strengthen financial systems, reporting processes, and data quality across project sites.

Team Leadership

- Build and lead the finance, accounting, treasury, and project cost control teams.

- Develop finance capabilities at corporate and site levels.

- Act as the principal financial link between Benghazi operations and the Riyadh headquarters.