Accountant

SAUDI ARABIAN RESOURCES COMPANY; Riyadh; On-site; SAR 150,000 - 210,000; Full time

Job summary

Saudi Gold Refinery SGR in Riyadh is seeking an Accountant to manage daily financial recording and reconciliation activities across refining operations. You will support monthly closes, maintain the general ledger, and ensure VAT compliance under Saudi regulations.

The role reports to the Finance Manager and focuses on cost accounting, inventory valuation, and asset management in a regulated industrial setting.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field from an accredited university.
• Proficiency inSaudi VAT regulations and experience with ZATCA filing requirements.

Responsibilities

• Maintain general ledger by posting journal entries for refining costs, bullion inventory movements, and corporate expenses.
• Calculate and file monthly/quarterly VAT returns through ZATCA portal in compliance with Saudi tax laws.
• Reconcile physical bullion and dore inventory with system records and resolve discrepancies.
• Prepare monthly balance sheet reconciliations for key accounts including cash, inventory, and accrued liabilities.
• Maintain fixed asset register and calculate depreciation for plant, equipment, and corporate assets.
• Prepare audit schedules and retrieve documentation for external auditors.
• Allocate refining costs to production batches for accurate COGS reporting.

Skills

General ledger

VAT compliance

Inventory accounting

Cost accounting

Fixed asset management

Audit support

ERP systems

Excel

English proficiency

Education

Bachelor's degree in Accounting/Finance

Tools

SAP

Oracle

Microsoft Dynamics 365

Job description

Role Overview

Saudi Gold Refinery SGR is seeking a Accountant in Riyadh Saudi Arabia to manage daily financial recording and reconciliation activities for our refining operations This role ensures accurate general ledger maintenance supports monthly closing processes and maintains compliance with Saudi tax regulations The position directly supports the Finance Manager in producing timely financial statements that reflect the cost of refining and bullion inventory valuation The Accountant will report directly to the Finance Manager and will play a key role in maintaining financial integrity across our operational and corporate functions This position requires a detail-oriented professional who can manage VAT compliance inventory reconciliations and payroll support in a regulated industrial environment

Key Responsibilities

The Accountant will be responsible for the following key areas of financial management and compliance

General Ledger Management

The role maintains the general ledger by posting accurate journal entries for refining costs bullion inventory movements and corporate expenses

Tax Compliance

This position calculates and files monthly and quarterly VAT returns through the ZATCA portal in full compliance with Saudi tax laws

Inventory Reconciliation

The Accountant reconciles physical bullion and dore inventory counts with system records to identify and resolve discrepancies promptly

Monthly Close Support

The role prepares monthly balance sheet reconciliations for key accounts including cash inventory and accrued liabilities

Fixed Asset Management

The Accountant maintains the fixed asset register and calculates depreciation for plant equipment laboratory instruments and corporate assets

Audit Preparation

The role prepares audit schedules and retrieves supporting documentation for external auditors during interim and final audits

Cost Accounting Support

This position allocates refining costs including chemicals and energy to specific production batches for accurate cost of goods sold reporting

Success Metrics

• Achieves 100 on-time filing of VAT returns with zero penalties from ZATCA
• Completes monthly bank reconciliations within five working days of month-end
• Reduces general ledger reconciliation discrepancies to less than 1 of total transactions
• Successfully supports the annual external audit with no major findings in assigned areas
• Implements an improved fixed asset tracking process that aligns with physical verification
• Maintains an up-to-date fixed asset register with 100 accuracy in depreciation calculations

Equal Opportunity Statement

Saudi Gold Refinery welcomes applications from all qualified candidates Hiring decisions are made based on role requirements skills experience and alignment with Saudization and Vision 2030 priorities

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field from an accredited university
• Minimum of 5 years of accounting experience in an industrial, manufacturing, or trading environment
• Proficiency in Saudi VAT regulations and experience with ZATCA filing requirements
• Strong understanding of general ledger accounting, accruals, and balance sheet reconciliations
• Experience with inventory accounting and cost allocation methods is required
• Proficiency in Microsoft Excel, including pivot tables and VLOOKUP functions for financial analysis
• Fluency in English is required for reporting, with working proficiency in Arabic preferred
• Preferred / Nice-to-have Experience in the precious metals, mining, or commodities trading sector
• Professional accounting qualification such as SOCPA, CPA, or ACCA
• Experience with ERP systems such as SAP, Oracle, or Microsoft Dynamics 365
• Familiarity with LBMA financial reporting requirements or precious metal valuation standards
• Experience with fixed asset management in a heavy industrial or plant environment