Feasibility Manager

Feasibility Manager - Riyadh, Saudi Arabia

About Saudi Gold Refinery

Saudi Gold Refinery (SGR) is a Saudi mining and precious-metals company specialized in the refining of gold and precious metals, bullion production, and value-added precious-metal services. Operating within the Kingdom's mining value chain, SGR is aligned to the Vision 2030 mining pillar and to the regulatory framework set by the Ministry of Industry and Mineral Resources (MIM) and applicable Saudi and international standards. We produce responsibly sourced, traceable, and certified bullion, operate to LBMA Good Delivery and ISO-aligned quality standards, and invest in the people, processes, and controls behind every bar we produce.

Role Overview

Saudi Gold Refinery (SGR) is seeking a Feasibility Manager in Riyadh, Saudi Arabia to lead the economic and technical evaluation of capital projects across our downstream operations. This role focuses on validating investment cases for mining expansions, laboratory upgrades, and bullion production enhancements through rigorous financial modeling and technical analysis. The manager will ensure all studies align with regulatory standards from the Ministry of Industry and Mineral Resources (MIM) and internal governance protocols.

The Feasibility Manager will report directly to the Feasibility Director and will play a key role in shaping SGR's capital allocation strategy. This position requires a professional who can synthesize complex engineering data into clear financial recommendations for senior leadership and the Board.

Key Responsibilities

The Feasibility Manager will execute the following responsibilities:

Financial Modeling & Valuation

The role develops detailed discounted cash flow models to determine the present net value and internal rate of return for proposed capital projects. It conducts sensitivity analysis on key variables such as metal recovery rates and energy costs to quantify risk exposure.

Technical Assumption Validation

This position collaborates with process engineers to validate throughput assumptions for fire assay, cupellation, and electrolytic refining circuits. It reviews technical specifications for major equipment to ensure capital expenditure estimates reflect current market pricing.

Regulatory Compliance Integration

The manager ensures all feasibility studies incorporate compliance costs related to environmental permits and emissions monitoring standards. It integrates requirements from the Ministry of Industry and Mineral Resources regarding local content into workforce cost projections.

Cross-Functional Coordination

The role facilitates weekly working groups with engineering and finance teams to resolve data gaps and align on technical assumptions. It maintains a centralized database of vendor quotes and historical cost indices to enhance the reliability of future estimates.

Risk Assessment & Mitigation

This position identifies and quantifies project risks including construction delays, commodity price volatility, and regulatory changes in the Saudi mining sector. It prepares executive-level presentations that clearly communicate the financial implications and strategic fit of each proposed investment.

Documentation & Governance

The role documents all assumptions, methodologies, and data sources in reports to ensure transparency and auditability. It maintains strict adherence to ethical standards and documentation requirements for internal governance reviews.

Strategic Alignment

This position aligns project evaluations with long-term corporate strategy and Vision 2030 objectives for the mining sector. It ensures that all investment proposals support SGR's position within the national precious metals value chain.

Qualifications

• Bachelor's degree in Mining Engineering, Geology, Chemical Engineering, Industrial Engineering is required.
• Minimum of 10 years of experience in feasibility studies, project evaluation, or corporate development within the mining or metals sectors.
• Proven expertise in building complex financial models using Excel, including DCF, NPV, IRR, and sensitivity analysis techniques.
• Demonstrated understanding of downstream precious metals processing, including refining, assaying, and bullion production workflows.
• Experience managing cross-functional teams and coordinating inputs from engineering, HSE, and commercial departments.
• Strong knowledge of Saudi industrial regulations, including environmental permitting and local content requirements.
• Ability to interpret technical engineering drawings and process flow diagrams to validate cost and throughput assumptions.
• Fluency in English is required for professional writing and presentation to international stakeholders.

Preferred / Nice-to-have

• Master's degree in Business Administration (MBA) or Financial Engineering.
• Professional certification such as CFA, PMP, or SME membership.
• Proficiency in specialized mining software such as Whittle or Surpac.

Success Metrics

• Delivers three major bankable feasibility studies for refinery expansion and laboratory automation projects approved by the Investment Committee.
• Establishes a standardized template and database for cost estimation that reduces preparation time by 20 percent.
• Validates CAPEX estimates for ongoing projects within a 10 percent variance of actual tender results.
• Implements a rigorous risk assessment framework that is adopted across all future capital project evaluations.
• Builds strong working relationships with key internal stakeholders in Engineering, Finance, and HSE to streamline data collection.
• Ensures all outputs meet LBMA and MIM compliance requirements without significant rework or audit findings.
• Achieves a 95 percent accuracy rate in forecasting operational expenditure for new projects during the first year of operation.

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.