Director - Transactions Accounting

Saudi Entertainment Ventures | SEVEN; Riyadh; On-site; SAR 350,000 - 550,000; Full time

Job summary

Saudi Entertainment Ventures | SEVEN is seeking a Director of Transaction Accounting to lead the centralized AP and AR functions across our entertainment complexes, cinemas and corporate operations. You will drive revenue assurance, manage vendor relationships and ensure timely processing of all payable and revenue transactions.

The role requires strong leadership, expertise in IFRS 16/IFRS 15, ZATCA e-invoicing, and experience with SAP-based ERP environments.

Qualifications

• Bachelor's degree in Finance or Accounting.
• Master's degree preferred.
• Professional certification in Finance is a plus (CPA/SOCPA/CFA).

Responsibilities

• Direct all accounts payable activities with outsource partners.
• Direct all accounts receivable activities and revenue recognition.
• Ensure IFRS 16/IFRS 15 compliance across operations.
• Oversee AR/Billing accuracy and revenue assurance.
• Collaborate with internal/external audit and stakeholders.

Skills

AP/AR operations

ERP systems (SAP)

Revenue recognition

IFRS 16/IFRS 15

ZATCA e-invoicing

Vendor management

Audit coordination

Education

Bachelor's degree in Finance or Accounting

Master's degree preferred

Tools

SAP

VGS

Micros

Vista

Job description

The Director - Transaction Accounting is responsible for leading SEVEN's transactional accounting function, specifically Accounts Payable (AP) and Accounts Receivable / Revenue. The role oversees the centralized AP and AR teams, ensures accurate and timely processing of all payable and revenue transactions across SEVEN's entertainment complexes, cinemas and corporate operations, drives revenue assurance, manages vendor relationships, and delivers operational excellence across all transactional finance processes.

Managerial Accountabilities

• Strategy and Planning: Develop the Transaction Accounting objectives and scorecard in alignment with Finance objectives, covering AP throughput targets, AR collection performance, revenue reconciliation accuracy, and operational SLAs across SEVEN's complexes and corporate streams.
• Stakeholders' Relations: Act as SEVEN's representative with internal and external audit to ensure compliance with external standards and SEVEN policies. Maintain good working relationships with the key stakeholders within and outside the SEVEN including QIC group finance.
• Governance and Resilience: Develop Transaction Accounting policies and procedures — covering AP processing, payment authorization, revenue recognition, ZATCA compliance and AR collections — and monitor implementation to ensure operational excellence across SEVEN's complex and corporate finance streams.
• People Management: Direct employee performance management processes within Transaction Accounting in alignment with the HR policies and procedures to ensure continuous improvement for employees' performance.

Functional Accountabilities

Accounting

Direct all accounts payable activities with outsource partners

• Direct the recording and management of advance payments and prepaid expenses, ensuring proper validation of recording invoices and balance confirmation with the vendors
• Direct the recording and management of petty cash and corporate credit cards records
• Direct the process of entry and reconciliation, ensuring the accuracy of Accounts Payable transactions and ongoing integrity to (GL) as per the organization's policies
• Direct the management of invoice aging reports
• Direct the periodic review and variance analysis to detect deviations and unusual operations.

Direct all accounts receivables activities

• Direct the process of preparation, recording, and verification of accounts receivable documentation to maintain accuracy at all times
• Direct the revenue function and business units to follow applicable revenue policies and guidelines
• Direct the process of entry and reconciliation, ensuring all revenues are billed and quality service rendered to both internal and external stakeholders
• Direct all financial transactions needed for commercial promotions, discounts and commissions
• Direct cash collection oversight including daily review of cash reconciliations from BU Finance teams at the complexes and escalation of discrepancies to the Finance Manager
• Direct monitoring and reporting of leasing revenue from F&B tenancies and commercial leases, ensuring compliance with IFRS 16 and IFRS 15 revenue recognition policies
• Direct ZATCA e-invoicing compliance for all AR transactions, ensuring timely and accurate submission of invoices in line with Phase 2 requirements
• Direct revenue assurance controls including review of system-generated reconciliations, variance identification, and escalation to IT and Operations for resolution
• Direct daily reconciliation of revenue across all POS systems (VGS, Micros, Vista) to ensure completeness and accuracy of revenue recognition across SEVEN's entertainment complexes
• Direct the preparation of aging report and recording of allowance journal entry

Requirements

Knowledge & Experience

Minimum Qualifications

• Bachelor's degree in Finance, Accounting or equivalent as a minimum
• Master's degree in Finance, Accounting, or equivalent is preferred

Professional Certifications

• Professional certificate in Finance or Accounting certification (i.e. E.g. CPA, SOCPA, CFA, CFP) is preferable.

Required Experience

• 12-15 years of relevant experience with at least 5 years in a management role
• Experience with a Big 4 audit firm (in Audit and Assurance) is preferred
• Experience in high-volume AP and AR operations using ERP systems (SAP preferred). Familiarity with revenue management systems (VGS, Micros, Vista) and ZATCA e-invoicing compliance is an advantage.
• Experience with transactional accounting in entertainment, hospitality or retail sectors preferred