Senior Financial Reporting Specialist

Sgr Sa; Riyadh; On-site; SAR 360,000 - 560,000; Full time

Job summary

Saudi Gold Refinery (SGR) in Riyadh, Saudi Arabia, seeks a Senior Financial Reporting Specialist to lead IFRS-based financial statements for mining and refining operations. You will manage monthly closes, statutory reporting, and strong internal controls, working with operations and laboratory teams to translate data into precise records.

The role partners with external auditors, ensures Zakat and tax compliance, and analyzes costs across refining and exploration activities, while guiding junior

Qualifications

• Bachelor's degree in Accounting or Finance from a recognized university.
• Professional qualification such as SOCPA, CPA, ACCA, or CMA is mandatory.
• At least seven years of relevant experience in financial reporting, with significant time in the mining or manufacturing sectors.
• Comprehensive knowledge of IFRS, particularly standards related to inventory, assets, and impairment.
• Proven track record of managing external audits and regulatory inspections in Saudi Arabia.
• Strong analytical skills with the ability to interpret complex operational data for financial reporting.
• Proficiency in ERP systems and advanced Excel skills for financial modeling and analysis.
• Excellent command of English, with working knowledge of Arabic for local compliance tasks.

Responsibilities

• Execute the monthly close calendar by posting journals, accruals, and prepayments to ensure timely reporting.
• Prepare consolidated financial statements in IFRS and Saudi statutory compliance for regulators and shareholders.
• Serve as primary contact for external auditors and coordinate the annual audit process.
• Calculate and file quarterly Zakat declarations in line with ZATCA regulations.
• Analyze production costs for refining and exploration activities with variance reporting.
• Design and monitor internal controls over financial reporting to mitigate risks.
• Maintain the fixed asset register for mining equipment and plant infrastructure, including depreciation.
• Provide guidance and training to junior accounting staff to enhance accuracy and professional development.

Skills

IFRS knowledge

Financial reporting

Audits management

Financial analysis

English proficiency

Arabic knowledge

Excel advanced

Education

Bachelor's degree in Accounting/Finance

Professional qualification such as SOCPA/CPA/ACCA/CMA

Tools

ERP systems

Power BI

Excel

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 Senior Financial Reporting Specialist in Riyadh, Saudi Arabia to lead the preparation of accurate and compliant financial statements for our integrated mining and refining operations. This role ensures adherence to IFRS and local statutory requirements while managing the complexities of precious metal inventory valuation and cost accounting. The specialist will play a critical part in maintaining financial integrity across our exploration, processing, and bullion production activities.

The Senior Financial Reporting Specialist will report directly to the Finance Manager and will play a key role in streamlining the monthly close process and enhancing internal controls. This position requires a disciplined professional who can collaborate with operations and laboratory teams to translate technical data into precise financial records.

Key Responsibilities

The Senior Financial Reporting Specialist will be responsible for the following key areas:

Monthly Financial Close

The role executes the monthly close calendar by posting all necessary journals, accruals, and prepayments to ensure timely financial reporting.

Statutory Reporting

This position prepares consolidated financial statements in compliance with IFRS and Saudi statutory requirements for submission to regulators and shareholders.

The specialist reconciles physical gold inventories including dore and bullion with system records by integrating assay and weight data from the laboratory.

Audit Management

The role serves as the primary point of contact for external auditors, facilitating the annual audit process and addressing all queries promptly.

Tax and Zakat Compliance

This position calculates and files quarterly Zakat declarations in accordance with ZATCA regulations, ensuring full compliance with Saudi tax laws.

Cost Accounting Analysis

The specialist analyzes production costs for refining and exploration activities, providing detailed variance reports to support management decision‑making.

Internal Controls

The role designs and monitors internal controls over financial reporting to mitigate risks and ensure the accuracy of financial data.

Fixed Asset Management

This position maintains the fixed asset register for mining equipment and plant infrastructure, ensuring accurate depreciation and impairment testing.

The specialist identifies opportunities to improve financial systems and processes, enhancing efficiency and data integrity across the finance function.

The role provides guidance and training to junior accounting staff, fostering a culture of accuracy and professional development within the team.

Qualifications

• Bachelor's degree in Accounting or Finance from a recognized university.
• Professional qualification such as SOCPA, CPA, ACCA, or CMA is mandatory.
• At least seven years of relevant experience in financial reporting, with significant time in the mining or manufacturing sectors.
• Comprehensive knowledge of IFRS, particularly standards related to inventory, assets, and impairment.
• Proven track record of managing external audits and regulatory inspections in Saudi Arabia.
• Strong analytical skills with the ability to interpret complex operational data for financial reporting.
• Proficiency in ERP systems and advanced Excel skills for financial modeling and analysis.
• Excellent command of English, with working knowledge of Arabic for local compliance tasks.

Preferred / Nice‑to‑have

• Experience in the precious metals industry or familiarity with LBMA standards.
• Prior involvement in implementing or upgrading ERP systems in an industrial setting.
• Knowledge of environmental accounting and rehabilitation provisions.
• Experience with Power BI or similar business intelligence tools for financial reporting.

Success Metrics

• Monthly financial statements are delivered within five working days of month‑end with zero material errors.
• External audit is completed without any material adjustments or significant control deficiencies.
• Inventory reconciliations show a variance of less than 0.1% between physical counts and book values.
• Zakat and tax filings are submitted on time with no penalties or interest charges incurred.
• Month‑end close process time is reduced by 15% through process improvements and automation.
• All balance sheet accounts are fully reconciled and reviewed by the Finance Manager each month.
• Junior staff members demonstrate improved competency in reconciliations and journal entries as assessed by quarterly reviews.

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.