Senior Inventory Specialist

SAUDI ARABIAN RESOURCES COMPANY; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

Saudi Gold Refinery SGR in Riyadh, Saudi Arabia, is seeking a Senior Inventory Specialist to manage precise tracking and reconciliation of precious metal inventories, ensuring LBMA-aligned chain of custody from dore receipt to bullion dispatch.

The role supports the financial close, maintains accurate inventory records, and collaborates with internal audit to uphold asset integrity and regulatory compliance.

Qualifications

• Fluency in English required for professional communication and reporting.
• Strong analytical skills and attention to detail for financial data and inventories.
• Experience with internal controls and audit procedures for tangible assets is preferred.
• Familiarity with LBMA Good Delivery rules and responsible sourcing standards is advantageous.

Responsibilities

• Execute daily cycle counts and monthly reconciliations to ensure stock accuracy.
• Maintain detailed chain-of-custody records for full traceability of metal movements.
• Prepare documentation for internal audits and LBMA accreditation reviews.
• Investigate inventory variances and identify root causes with corrective actions.
• Validate inventory transactions in the ERP system to ensure accurate valuation.
• Review and improve inventory handling procedures to reduce loss or error.
• Train junior staff on weighing, sampling, and documentation protocols.
• Provide timely inventory data to support month-end and year-end close.

Skills

English fluency

Analytical skills

Integrity and attention to detail

Audit procedures knowledge

Education

Bachelor's degree in Accounting, Finance, Supply Chain, or related field

Tools

ERP systems

Microsoft Excel

Job description

Role Overview

Saudi Gold Refinery SGR is seeking a Senior Inventory Specialist in Riyadh Saudi Arabia to manage the precise tracking and reconciliation of precious metal inventories This role ensures the integrity of our chain of custody from dore receipt to bullion dispatch in compliance with LBMA standards The successful candidate will safeguard company assets through rigorous control measures and accurate financial reporting The Senior Inventory Specialist will report directly to the Finance Manager and will play a key role in maintaining the accuracy of our inventory records This position supports the financial close process and ensures operational compliance with internal and external audit requirements

Key Responsibilities

The Senior Inventory Specialist will be responsible for the following key areas

• Inventory Reconciliation The role executes daily cycle counts and monthly reconciliations to ensure physical stock matches system records within acceptable tolerance limits
• Chain of Custody This position maintains detailed records of all metal movements to ensure full traceability and compliance with LBMA Responsible Gold Guidance
• Audit Support The specialist prepares documentation and facilitates physical inspections for internal audits and external LBMA accreditation reviews
• Variance Analysis The role investigates any discrepancies between expected and actual inventory levels to identify root causes and implement corrective actions
• System Integrity This position validates all inventory transactions in the ERP system to ensure accurate financial valuation and reporting
• Process Optimization The specialist reviews and improves inventory handling procedures to enhance efficiency and reduce the risk of loss or error
• Team Training The role trains junior staff on proper weighing sampling and documentation protocols to maintain high standards of accuracy
• Financial Close This position provides timely and accurate inventory data to the Finance team to support month-end and year-end closing activities

Success Metrics

• Monthly inventory reconciliation accuracy exceeds 99 9
• Zero major non-conformities during annual external audits
• Month-end inventory closing completed within three business days
• All inventory variances investigated and resolved within 48 hours of detection
• 100 compliance with chain-of-custody documentation requirements
• Successful implementation of improved inventory tracking procedures
• Positive feedback from internal and external auditors on data readiness

Qualifications

• Bachelor's degree in Accounting, Finance, Supply Chain, or a related field is required.
• At least five years of experience in inventory management within a high-value or regulated industry.
• Strong knowledge of internal controls and audit procedures for tangible assets.
• Proficiency in ERP systems and advanced Microsoft Excel skills for data analysis.
• Understanding of precious metal units of measure and purity standards.
• Excellent analytical skills with the ability to investigate and resolve complex discrepancies.
• High level of integrity and attention to detail in handling sensitive financial and operational data.
• Fluency in English is required for professional communication and reporting.
• Preferred / Nice-to-haveExperience in a gold refinery, bullion bank, or precious metals trading firm.
• Professional certification in inventory management or accounting.
• Familiarity with LBMA Good Delivery rules and Responsible Sourcing standards.
• Knowledge of Saudi Customs procedures for importing and exporting precious metals.