Posted
Ref: SP241-11

Job description / Role

Employment: Full Time

Procedure and Process Management

• Develop and recommend policies and procedures relevant to the finance function, ensuring alignment with organizational goals.
• Ensure adherence to policies, procedures, and regulatory requirements.
• Evaluate processes and systems to identify and address gaps or inefficiencies.
• Develop action plans to improve accounting processes and close identified gaps.
• Regularly review process effectiveness and implement necessary corrective measures.

Treasury Management

• Manage cash flow to meet operational needs, applying agreed payment terms as per company policy.
• Establish payment terms and conditions for end-users to optimize cash management.
• Monitor incoming and outgoing funds on a quarterly basis, making strategic decisions to improve the company's cash position.
• Set priorities for managing “idle cash” and explore treasury development options, including investment opportunities.
• Manage current and long-term financial obligations by evaluating internal and external factors, ensuring decisions serve the company's best financial interests.
• Monitor compliance with debt covenants, providing timely alerts on potential or actual breaches.

Capital Budgeting

• Provide input on annual capital requirements to support operational needs.
• Oversee capital expenditures, asset disposals, and the retirement of major assets, ensuring accurate reporting and compliance with capitalization thresholds.
• Utilize asset management and accounting techniques to track and report on asset value.

Trade Payable Management

• Oversee the trade payables function, ensuring compliance with company policies and procedures.
• Manage the invoice processing cycle to ensure efficient tracking and quick-time processing.
• Ensure payment terms align with the company’s financial strategy to optimize working capital.

Management of Sectional Resources

• Supervise and prioritize tasks of finance team members, monitoring and appraising their performance.
• Identify training and development needs within the team, collaborating with the department head to facilitate skill enhancement.
• Support staff development by assisting in meeting agreed training and development objectives.
• Coordinate with the department head to ensure staffing requirements are met.
• Prepare inputs for the annual budget and manage the finance section's allocation within the overall departmental budget.

Environment, Health, and Safety

• Instruct team members on safety protocols to follow while performing tasks.
• Conduct regular health and safety meetings to reinforce the importance of EHS (Environment, Health, and Safety) practices.
• Ensure adherence to PPE (Personal Protective Equipment) requirements for self and team members as needed.

Requirements:

• Tertiary degree in Accounting/Finance, with a professional qualification such as CA or equivalent.
• 10 years of experience in accounting/finance auditing, including 2 years in a supervisory role.
• Strong knowledge and understanding of international financial reporting principles and guidelines, ensuring accurate representation of the organization’s financial position.
• In-depth understanding of financial principles, components, and their application within the finance domain.
• Proficiency in financial systems and their components, with practical experience in applying these systems effectively.
• Knowledge and understanding of the SGR’S Financial Policies and Procedures and their impact on business operations.
• Ability to implement efficient working methods to enhance personal and team effectiveness.
• Proficiency in relevant software and the functionality necessary to achieve required outcomes.
• Strong communication skills for effective and efficient interaction at all levels of the organization.
• Expertise in using financial systems in alignment with sound accounting practices and financial management principles.
• Ability to identify items/actions requiring further attention and follow through to completion.
• Skills in planning, organizing, leading, and controlling within a specific work section to achieve objectives through teamwork.
• Analytical mindset, with the ability to approach problems and situations systematically.
• Goal-oriented approach with the ability to define and execute objectives to ensure successful work outcomes.
• Results-focused mindset, ensuring achievements align with set parameters for time, cost, and quality.

About the Company

Saudi Gold Refinery (‘SGR’) is a leading player in Saudi Arabia’s gold industry, and the first fully integrated private company to host mining, exploration and technical services including drone based geophysics, drilling and an independently managed lab under one roof. With operating mines, two projects in feasibility, 14 projects in exploration and further 150 licenses in application, the company is set to be the next major gold miner. The company is committed to excellence in gold exploration, refining, and processing, contributing to the Kingdom’s broader goals of economic diversification under Vision 2030.

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