Senior Treasury Specialist

SAUDI ARABIAN RESOURCES COMPANY; Riyadh; On-site; SAR 420,000 - 640,000; Full time

Job summary

SAUDI GOLD REFINERY (SGR) in Riyadh seeks a Senior Treasury Specialist to manage liquidity, trade finance, and risk for our mining and refining operations. You will ensure secure capital movements and compliance with SAMA regulations while optimizing working capital for growth.

The role reports to the Finance Manager and oversees junior analysts, driving automation in reconciliations and payments to enhance treasury efficiency and support dore acquisitions and capacity expansion.

Qualifications

• Bachelor’s degree in Finance, Accounting, or Economics from an accredited university.
• At least 7 years of experience in corporate treasury, with preference for mining, commodities, or industrial sectors.
• Proven track record in managing trade finance instruments including letters of credit and bank guarantees.
• Strong technical knowledge of foreign exchange markets and hedging instruments such as forwards and options.
• Detailed understanding of Saudi Central Bank (SAMA) regulations regarding anti-money laundering and counter-terrorist financing.
• Advanced Excel skills for financial modeling, scenario analysis, and dashboard creation.
• Professional certification such as CTP, CFA, or ACCA is strongly preferred.
• Fluency in English is mandatory, with Arabic language skills considered an advantage for local regulatory interactions.

Responsibilities

• Cash Flow Forecasting and 13-week cash flow planning.
• Trade Finance Execution with LC and bank guarantees for dore bar imports and bullion exports.
• FX Risk Hedging to protect margins.
• Bank Relationship Management for favorable terms and liquidity.
• Regulatory Compliance with SAMA AML guidelines and audits.
• Inventory reconciliation between physical bullion and treasury records.
• Treasury reporting and dashboards for senior management.
• Process improvement through automation of reconciliations and payments.
• Audit support and documentation for treasury reviews.
• Team supervision and mentoring of junior treasury analysts.

Skills

Financial analysis

Treasury management

Excel (Advanced)

English fluency

Banking relationships

Education

Bachelor's degree in Finance/Accounting/Economics

CTP/CFA/ACCA preferred

Tools

SAP Treasury

Oracle Financials

Job description

Role Overview

Saudi Gold Refinery (SGR) is seeking a Senior Treasury Specialist in Riyadh, Saudi Arabia, to manage liquidity, trade finance, and risk mitigation for our integrated mining and refining operations. This role supports the secure movement of capital and precious metals across our downstream refining and upstream exploration assets. The position ensures compliance with SAMA regulations and optimizes working capital to fund strategic growth initiatives aligned with Vision 2030. The Senior Treasury Specialist will report directly to the Finance Manager and will play a key role in safeguarding SGR’s financial assets and enhancing treasury efficiency. This position directly impacts the company’s ability to finance dore acquisitions and expand refining capacity through prudent cash management and banking relationships.

Key Responsibilities

• Cash Flow Forecasting: The role prepares and maintains accurate 13-week cash flow forecasts that integrate refining production schedules and exploration expenditure plans.
• Trade Finance Execution: This position structures and manages letters of credit and bank guarantees to facilitate the import of dore bars and export of LBMA-grade bullion.
• FX Risk Hedging: The specialist executes foreign exchange hedging strategies to protect profit margins against currency fluctuations in procurement and sales contracts.
• Bank Relationship Management: The role maintains strategic partnerships with local and international banks to secure competitive financing terms and ensure liquidity availability.
• Regulatory Compliance: This position ensures all treasury activities comply with SAMA anti-money laundering guidelines and internal audit requirements for precious metals.
• Inventory Reconciliation: The specialist coordinates monthly reconciliations between physical bullion inventory records and treasury ledger accounts to prevent discrepancies.
• Treasury Reporting: The role generates weekly liquidity reports and dashboard metrics for senior management to support decision-making on capital allocation.
• Process Improvement: This position identifies and implements automation opportunities in bank reconciliations and payment processing to enhance operational efficiency.
• Audit Support: The specialist provides comprehensive documentation and explanations to internal and external auditors during periodic treasury reviews.
• Team Supervision: The role guides junior treasury analysts in daily transaction processing and ensures adherence to delegated authority limits and segregation of duties.

Success Metrics

• Cash flow forecast accuracy remains within 5 % variance against actuals over a 12-month period.
• Cost of funds for trade finance facilities is reduced by at least 10 basis points through negotiation.
• Zero audit findings related to treasury controls, bullion reconciliation or regulatory compliance.
• Hedging policy is fully implemented and documented with 100 % of identified FX exposures covered.
• Bank reconciliation cycle time is reduced by 30 % through automation and process improvements.
• Three new banking relationships are established to diversify liquidity sources for future expansion.
• Junior staff achieve full competency in treasury operations within six months of supervised training.

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 Finance, Accounting, or Economics from an accredited university.
• At least 7 years of experience in corporate treasury, with preference for candidates from mining, commodities, or industrial sectors.
• Proven track record in managing trade finance instruments including letters of credit and bank guarantees.
• Strong technical knowledge of foreign exchange markets and hedging instruments such as forwards and options.
• Detailed understanding of Saudi Central Bank (SAMA) regulations regarding anti-money laundering and counter-terrorist financing.
• Advanced Excel skills for financial modeling, scenario analysis, and dashboard creation.
• Professional certification such as CTP, CFA, or ACCA is strongly preferred.
• Fluency in English is mandatory, with Arabic language skills considered an advantage for local regulatory interactions.

Preferred / Nice-to-have

• Experience dealing with LBMA Good Delivery refiners and understanding of bullion market mechanics.
• Hands-on experience with SAP Treasury or Oracle Financials modules in a multi-currency environment.
• Familiarity with Islamic finance products and Sukuk structures relevant to the Saudi market.
• Master’s degree in Finance or Business Administration from a reputable institution.