Accounting Manager

Sgr Sa; Riyadh; On-site; SAR 300,000 - 520,000; Full time

Job summary

Saudi Gold Refinery in Riyadh seeks an Accounting Manager to lead the financial accounting function, ensure IFRS-based reporting, regulatory compliance, and strong internal controls over inventory. You will present results to the CEO and drive process improvements.

The candidate should have 10+ years in accounting with 3 years in supervision, knowledge of VAT and withholding tax in Saudi Arabia, and experience with mining inventory and ERPs such as Odoo and Jisr; English/Arabic fluency is

Qualifications

• Bachelor's degree in Accounting or Finance from a recognized university.
• Professional certification such as SOCPA, CPA, ACCA, or CMA is required.
• At least 10+ years of accounting experience with 3 years in a supervisory role.
• Strong knowledge of IFRS and Saudi Arabian tax laws including VAT and withholding tax.
• Experience in mining industry and inventory accounting within mining or industrial sector.
• Proficiency in ERP systems such as Odoo, Jisr.
• Excellent analytical skills and attention to accuracy in financial data.
• Fluency in English and Arabic language is required.

Responsibilities

• Prepares monthly and annual financial statements in compliance with IFRS and presents them to the CEO for review.
• Reconciles ledger balances with physical inventory records on a weekly basis.
• Ensures timely VAT returns and withholding tax declarations per ZATCA regulations.
• Acts as primary liaison for external auditors and facilitates audits.
• Supervises the accounting team and provides technical guidance on accounting standards.
• Designs and monitors internal control procedures to protect assets and ensure accuracy.
• Analyzes operational costs to identify variances and support budgeting and forecasting.
• Manages bank reconciliations and supports cash flow forecasting for liquidity.
• Oversees integration of financial data from operations into the ERP for reporting.
• Develops and updates accounting policies to reflect regulatory changes.

Skills

Fluent English

Fluent Arabic

Strong analytical skills

Leadership

Education

Bachelor's degree in Accounting or Finance

SOCPA/CPA/ACCA/CMA certification

Tools

Odoo

Jisr

Job description

About Saudi Gold Refinery

Saudi Gold Refinery (SGR) is a Saudi mining and precious-metals company specialized in the refining of gold and precious metals, bullion production, and value-added precious-metal services. Operating within the Kingdom's mining value chain, SGR is aligned to the Vision 2030 mining pillar and to the regulatory framework set by the Ministry of Industry and Mineral Resources (MIM) and applicable Saudi and international standards. We produce responsibly sourced, traceable, and certified bullion, operate to LBMA Good Delivery and ISO-aligned quality standards, and invest in the people, processes, and controls behind every bar we produce.

Role Overview

Saudi Gold Refinery (SGR) is seeking a Accounting Manager in Riyadh, Saudi Arabia to lead the financial accounting function for our financial operations. This role ensures accurate financial reporting, regulatory compliance, and robust internal controls over inventory and activities. The successful candidate will bring technical expertise in IFRS and Saudi tax laws to support the company's growth within the Kingdom's mining value chain.

The Accounting Manager will report directly to the CEO and will play a key role in safeguarding assets and providing reliable financial data for strategic decision-making. This position requires a hands-on leader who can manage daily accounting operations while driving improvements in process efficiency and compliance.

Key Responsibilities

The Accounting Manager will be responsible for the following key areas:

The role prepares monthly and annual financial statements in compliance with IFRS and presents them to the CEO for review.

Inventory Control

This position reconciles financial ledger balances with physical vault records inventories on a weekly basis.

Tax Compliance

Ensures timely and accurate filing of VAT returns and withholding tax declarations in accordance with ZATCA regulations.

Audit Management

The role serves as the primary liaison for external auditors and facilitates the completion of annual and interim audits.

Team Supervision

This position supervises the accounting team by assigning tasks, reviewing work, and providing technical guidance on accounting standards.

Internal Controls

The manager designs and monitors internal control procedures to protect company assets and ensure the accuracy of financial records.

Cost Analysis

This role analyzes operational costs to identify variances and support budgeting and forecasting processes.

Treasury Support

The position manages bank reconciliations and supports cash flow forecasting to ensure sufficient liquidity for operations.

System Integration

The manager oversees the integration of financial data from operational systems into the ERP for accurate reporting.

Policy Development

This role develops and updates accounting policies and procedures to reflect changes in business operations and regulatory requirements.

Qualifications

• Bachelor's degree in Accounting or Finance from a recognized university.
• Professional certification such as SOCPA, CPA, ACCA, or CMA is required.
• At least 10+ years of accounting experience with 3 years in a supervisory role.
• Strong knowledge of IFRS and Saudi Arabian tax laws including VAT and withholding tax.
• Experience in mining industry.
• Experience in inventory accounting within mining or industrial sector.
• Proficiency in ERP systems such as Odoo, Jisr.
• Excellent analytical skills and attention to accuracy in financial data.
• Fluency in English and Arabic language is required.

Success Metrics

• Timely completion of month-end close within 5 working days.
• Zero material adjustments in annual external audit reports.
• 100% compliance with ZATCA filing deadlines and e-invoicing rules.
• Daily reconciliation of precious-metal inventory values with zero unresolved discrepancies.
• Accurate and timely submission of VAT and withholding tax returns.
• Positive feedback from internal stakeholders on financial reporting clarity.
• Development and retention of a skilled accounting team.

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.