Job Location | SaudiArabia |
Education | Graduate / MBA / Management Post Graduates / CA / CS / CFA / All Professional Finance Degrees |
Salary | Not Mentioned |
Industry | Accounts / Tax / CS / Audit / FinanceTop Management |
Functional Area | Not Mentioned |
Job Description
We are seeking to recruit on behalf of our client a CHIEF EXECUTIVE OFFICER (NATIONAL VISION INVESTMENT CO.) who will be based in SAUDI ARABIA on a long-term residential contract:-PurposeAs a visionary, strategic thinker, highly motivated and result-driven leader, the Chief Executive Officer (CEO) ? National Vision Investment Co. is responsible for preserving, developing, growing and managing company?s investment portfolio; designing, implementing and achieving company?s long and short-term investment strategies; allocating assets and investment resources; providing direction; providing strategic, financial and operational leadership and direction envisioning future growth and profitability; liquidation and divestment of non-profitable portfolio; investment fund generation; building internal portfolio teams and working with external analysts and other stakeholders maintaining good investor relations.Experience/Qualifications?MBA in Finance preferred,?Bachelor?s degree in finance?Professional Certifications: CFA preferred; Executive Investment Training from the renowned business school.?Similar experience in a Holding company and/or worked with a group of companies with a diversified businesses in multiple domains & not just limited to industrial businesses in Saudi Arabia?Total Required Experience: Min. 20 yearsDuties & Responsibilities:?Design Investment Strategies, Goals, Governance & Processes?Design, plan and implement long, mid, and short-term investment strategies encompassing and engaging all components, resources and functions of the organization and oversee achievement of investment outcomes against set goals and objectives.?As an integral part of National Vision Investment corporate strategy, focus on liquidating non- profitable portfolios, multiple verticals and create value to the shareholders.?Provide mandate as well as the credible and agile leadership to all investment leaders aligning them with the competitive investment landscape & dynamics, opportunities for growth and expansion, constantly growing profitable investment portfolios, emerging markets, new investment-related developments.?Envision and oversee implementation and compliance of investment governance framework and processes.?Organization?s Functional, Operational & Financial Performance?Spearhead functional, operational & financial performance and achievements of the organization and build New Vision Investment Co. brand and corporate identity.?Nurture the culture of functional and operational excellence at all levels, influencing through ?can-do? and positive leadership behaviour.?Maintain sound financial position of the organization ensuring appropriate balance of long- term and short-term finance; availability of adequate cash flow for growing investment portfolio; and have consistency in overall sound financial performance of the organization.?Focus on receivables, reconciliations, and revenue generation to drive and lead the organization to the sound liquidity status.?Portfolios Liquidation/Divestment?Analyse financial and operational and performance of all portfolios individually focusing on macroeconomics and operational challenges, rationally divide current portfolio into core and non-core, and build a strong case to the Board for liquidation of non-performing portfolio for maintaining long terms value for stakeholders.?Lead liquidation of non-performing portfolio and oversee the execution of entire divestment process.?Allocate resources of liquidated portfolio to high performing portfolios.?Eliminate legal and article of association related complexities, play pivotal role in developing the Board and legal structures, and define compliance framework for smooth, well-defined, and seamless functionality of the organization.?Asset & Equity Growth?Grow investment asset portfolio and equity, as a prime strategic objective, first targeting liquidation of all non-performing portfolios to minimize liabilities and subsequently focus on expansion and sustainable business growth.?Focus on organization?s fully owned profitable core business key sectors constantly focusing on their value proposition.?Prioritize assets monetization to unlock the value of investment that fail to yield potential or desired results.?Assets Allocation & Investment Funds Generation?Oversee allocation of assets that include stocks, real estate, and cash, by virtue of balanced, calculated, and well-thought investment strategy, to balance risk through adjusting individual assets percentage to risk tolerance, goals and investment timeframe.?Grow investment portfolio, analyse budget limits, and define investment projections.?Relationship Management?Build trust and develop durable partnership with clients, investors, shareholders, banks, Board of Directors, government entities and high-level officials, external consultants & analysts, as well as any other key stakeholders maintaining high level relations all the time.?Offer full support to the Board of Directors for leveraging investors and shareholders safeguarding their interests and fulfilling expectations.?Builds and maintains strong external relationships and partnerships with capital market regulators through sound and regular communications and interactions.?Risk Identification & Mitigation (Operational, Market & Financial)?Identify and mitigate principal risks associated with the organization?s investments, either financial, operational, industry/market-related, macroeconomics, geopolitical or business environment.?Ensure the organization plans, policies, processes and systems are in effective enough for delivering the expected services and performance standards.?Ensure all investment related plans, activities and practices are in line with the KSA laws and regulations so that the organization is not exposed to any risk.?Develop Senior Executives KPIs & Monitor Performances/Achievements?Nurture performance and accountability culture in the organization designing KPIs for all investment business leaders and monitor individual performances & achievements on regular basis.?Facilitate, coach, provide leadership, direction and support to the investment business leaders to translate investment strategy into opportunities and measurable results, thus developing their capacities in strategic investment planning & analysis through powerful negotiation skills and due diligence approach.
Keyskills :
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