Job description

About RAED

Raed Ventures (www.raed.vc) is the first private venture capital firm in Saudi Arabia, investing
in early-stage tech startups in MENA since 2016. Headquartered in Riyadh, we partner with
exceptional founders to help them build transformative companies that will shape the future of
our region. We’re early investors in several iconic companies including Foodics, Salla, Tabby,
and Hala, to name a few.

In addition to generating significant returns for our investors, Raed Ventures is also committed to
adding unparalleled value to its portfolio companies and cultivating an innovation ecosystem in
Saudi Arabia and the broader Middle East.

Join Raed as Head of Finance

This role reports directly to the Firm’s partners and works closely with them to provide the
financial inputs and support for the formulation and implementation of the Firm’s strategy and
operations. We're looking for a financial dynamo who will own the fiscal control of the firm. If
you love numbers, have an analytical mind and an eye for details, and enjoy helping early-stage
startups grow and scale, we’d like to talk to you.

Key Responsibilities:

Financial Management & Reporting:

● Prepare and analyze monthly, quarterly, and annual financial statements (both
consolidated and standalone) for the Firm’s legal entities, ensuring we're in
compliance with the recognition, measurement, and disclosure standards mandated
IFRS.
● Establish a comprehensive chart of accounts and develop, update, and enforce
control policies and procedures to maintain robust financial reporting and controls.
● Lead the preparation, review, and analysis of annual and periodic budgeting
processes. Own department-specific budgeting and monitoring. Coordinate and
collaborate with group and component auditors to facilitate a smooth and timely
interim and year-end audit.
● Oversee the development of the financial and accounting policies and procedures
following international best practices.

Investor Reporting:

● Be the financial and informational voice of Raed to our Limited Partners (LPs),
ensuring the remain informed. This includes routine regular quarterly and annual
reporting in compliance with requirements in existing agreements and inline with
ILPA guidelines.
 ● Working closely with our Fund Administrator to complete routine tasks such as
onboarding, capital calls, distributions, and more.
● Address ad-hoc requests from LPs regarding fund KPIs, commitments, compliance,
tax, and other related matters.
● Develop and maintian dashboards for fund, portfolio companies, and investor
information.

Portfolio Monitoring:

● Facilitate communication with portfolio companies regarding their monthly and

quarterly financial data, ensuring punctual submission of reports to both General and
Limited Partners.
● Engage proactively with senior management teams and founders of portfolio
companies to support and address critical financial & strategic matters, where needed.
● Implement and manage periodic portfolio allocation and valuation reviews.
● Manage, remain abreast, and update (as needed) the set of tools / platforms used to
automate and build efficiencies in the portfolio data collection and reporting process.

Others:

● Expanding, managing and developing a finance team in a hybrid (onsite/remote)

environment.
● Participate in the management, planning, and tax compliance of the Management
Company and related entities.
● Develop and oversee cash flow forecasts, optimize cash balances, and make informed
decisions on investments and financing to manage the Firm's liquidity.
● Support the partners with other administrative and/or operational responsibilities as
needed.
● Manage and standardize the process of selection, onboarding, and management of
third-part providers.

The Ideal Candidate Will Have the Following:

● An undergraduate (or higher) degree in Accounting, Finance or related field, plus a

professional certificate (CPA/ACCA/CA/CMA/CFA/SOCPA, etc.).
● A minimum of 8 years of relevant work experience, ideally in a private equity, venture
capital.
● A minimum of 3 years experience leading and growing teams of junior to mid-career
finance and accounting professionals.
● A high sense of responsibility and ownership. Willingness to go above and beyond the
requirements of a “normal job.”
● Ability to multitask in a high-pressure environment.
● Highly organized, with exceptionally high throughput and attention to detail.
● Exceptional work ethic, character, and integrity.
● Insatiable appetite and capacity to learn and grow.
● Arabic speaker living or willing to relocate to Riyadh is a big plus.