Senior Treasury Specialist

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.

• 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.

• 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.

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.

• 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…