Finance Director

SAUDI ARABIAN RESOURCES COMPANY; Riyadh; On-site; SAR 2,300,000 - 2,800,000; Full time

Job summary

Saudi Gold Refinery SGR in Riyadh seeks a Finance Director to lead the financial operations of our integrated mining and refining business. You will oversee reporting, treasury, cost accounting, budgeting, and regulatory compliance for dore processing and bullion production.

This leadership role reports to the CFO, drives robust internal controls, optimizes working capital, and aligns with Vision 2030 priorities. English fluency is required and Arabic is highly preferred.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• CPA/ACCA/SOCPA certification mandatory.
• Minimum 13 years finance experience with leadership.
• Experience in mining/metals sector essential.
• Strong IFRS and Saudi tax knowledge.
• Proficient English; Arabic preferred.

Responsibilities

• Prepare monthly, quarterly, and annual financial statements per IFRS and Saudi rules.
• Manage bullion inventory valuation, liquidity, and hedging strategies.
• Develop and maintain cost models for refining operations.
• Lead annual budgeting and quarterly forecasts for exploration and refining.
• Ensure timely filing of Zakat, VAT, and taxes with ZATCA.
• Maintain internal controls and risk management framework.
• Oversee capital expenditure tracking against budgets.
• Lead finance team and Saudization compliance.
• Coordinate audits with external auditors and regulators.
• Optimize ERP finance module data integration.

Skills

Financial leadership

Treasury management

IFRS knowledge

Multi-site leadership

English fluency

Education

Bachelor's degree in Accounting/Finance

CPA/ACCA/SOCPA

Tools

ERP system

Treasury software

Job description

Role Overview

Saudi Gold Refinery SGR is seeking a Finance Director in Riyadh Saudi Arabia to lead the financial operations for our integrated mining and refining business This role oversees financial reporting treasury cost accounting and regulatory compliance for our dore processing and bullion production activities The Finance Director ensures robust financial controls while supporting the company s growth in exploration and refinery expansion The Finance Director will report directly to the CFO and will play a key role in optimizing working capital and managing the financial risks associated with precious metal inventory This position drives financial discipline across the organization and supports the strategic objectives of Vision 2030 by enhancing the economic value of Saudi mineral resources

Key Responsibilities

• Financial Reporting The role ensures timely and accurate preparation of monthly quarterly and annual financial statements in compliance with IFRS and Saudi regulatory requirements
• Treasury Management This position manages bullion inventory valuation liquidity planning and hedging strategies to mitigate commodity and foreign exchange risks
• Cost Accounting The Finance Director develops and maintains cost models for refining operations to track yield recovery rates and production efficiency
• Budgeting and Forecasting The role leads the annual budgeting process and quarterly forecasting cycles for exploration refining and corporate functions
• Tax and Zakat Compliance This position ensures accurate and timely filing of Zakat VAT and other tax obligations in coordination with ZATCA
• Internal Controls The Finance Director maintains a robust internal control framework to safeguard assets and ensure compliance with LBMA and anti-money laundering standards
• Capital Expenditure Control The role monitors and reports on capital expenditure for exploration drilling and refinery projects against approved budgets
• Team Leadership This position leads develops and mentors the finance team while ensuring Saudization targets are met in accordance with Nitaqat regulations
• Audit Coordination The Finance Director serves as the primary liaison for external auditors and regulatory inspections to ensure smooth audit processes
• Systems Optimization The role oversees the finance module of the ERP system to ensure accurate data integration from operational systems to financial ledgers

Success Metrics

• Monthly financial close completed within 5 working days
• Unqualified audit opinion received for annual financial statements
• Zero penalties or fines for tax and zakat filings
• Accurate bullion inventory valuation with minimal variances
• Cost accounting reports delivered weekly to support operational decisions
• Budget variance analysis provided monthly with actionable insights
• Finance team Saudization levels maintained in compliance with Nitaqat

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 is required.
• Professional certification such as CPA, ACCA, CMA, or SOCPA is mandatory.
• Minimum of 13 years of finance experience with significant time in a leadership role.
• Experience in the mining, metals, or heavy industrial sector is essential.
• Strong knowledge of IFRS and Saudi tax and zakat laws is required.
• Proven experience in treasury management and commodity accounting.
• Demonstrated ability to manage finance teams in a multi-site environment.
• Fluency in English is required, and Arabic proficiency is highly preferred.

Preferred / Nice-to-have

• Experience with LBMA Good Delivery standards and precious metals accounting.
• Master's degree in Finance or Business Administration.
• Experience with ERP implementation in an industrial setting.
• Knowledge of exploration project finance and capital raising.
• Certification in internal auditing or risk management.