Feasibility Manager

About the Role

Saudi Gold Refinery Co. (SGR) is seeking a Feasibility Manager for a full-time position in Riyadh, Saudi Arabia. This role involves leading the economic and technical evaluation of capital projects within SGR's downstream operations. The Feasibility Manager will be responsible for validating investment cases for various initiatives, including mining expansions, laboratory upgrades, and enhancements in bullion production, through rigorous financial modeling and technical analysis. The position requires ensuring all studies comply with regulatory standards from the Ministry of Industry and Mineral Resources (MIM) and internal governance protocols, reporting directly to the Feasibility Director.

Key Responsibilities

• Develop detailed discounted cash flow models to determine the present net value and internal rate of return for proposed capital projects, including sensitivity analysis on key variables.
• Collaborate with process engineers to validate throughput assumptions for refining circuits and review technical specifications for major equipment to ensure accurate capital expenditure estimates.
• Integrate compliance costs related to environmental permits, emissions monitoring, and local content requirements from the Ministry of Industry and Mineral Resources into feasibility studies.
• Facilitate cross-functional working groups with engineering and finance teams to resolve data gaps and align on technical assumptions, maintaining a centralized database of vendor quotes and historical cost indices.
• Identify and quantify project risks, such as construction delays, commodity price volatility, and regulatory changes, and prepare executive-level presentations on financial implications and strategic fit.
• Document all assumptions, methodologies, and data sources in reports to ensure transparency, auditability, and adherence to ethical standards and internal governance requirements.
• Align project evaluations with long-term corporate strategy and Vision 2030 objectives for the mining sector, ensuring investment proposals support SGR’s position in the precious metals value chain.

Experience and Qualifications

• 5-10 years of experience in feasibility studies, financial modeling, or a related field, preferably within the mining or precious metals industry.
• Demonstrated ability to synthesize complex engineering data into clear financial recommendations.
• Experience with regulatory compliance in the industrial or mining sector.
• Strong analytical and financial modeling skills.

Performance Metrics

• Delivery of major bankable feasibility studies for refinery expansion and laboratory automation projects approved by the Investment Committee.
• Establishment of a standardized template and database for cost estimation, leading to reduced preparation time.
• Validation of CAPEX estimates for ongoing projects within a 10 percent variance of actual tender results.
• Implementation of a rigorous risk assessment framework adopted across all future capital project evaluations.
• Development of strong working relationships with key internal stakeholders in Engineering, Finance, and HSE.
• Ensuring all outputs meet LBMA and MIM compliance requirements without significant rework or audit findings.
• Achieving a 95 percent accuracy rate in forecasting operational expenditure for new projects during the first year of operation.

Work Environment

This position is based in Riyadh, Saudi Arabia, and operates within a dynamic environment focused on capital allocation strategy. The role involves close collaboration with engineering, finance, and other internal teams, contributing to SGR’s strategic objectives and its position within the national precious metals value chain.

Application Process

Candidates interested in this Feasibility Manager role are encouraged to apply.