Future Opportunity - Senior Finance Specialist

SEVEN; At Ta'if; On-site; SAR 180,000 - 240,000; Full time

Job summary

SEVEN is seeking a Senior Finance Specialist (Inventory & Fixed Assets) to ensure accurate accounting and reporting of inventory and fixed assets in line with IFRS and company policies. You will manage asset lifecycles across multiple entities and support audit readiness.

The role requires 2-3 years in fixed assets or financial accounting, strong IFRS knowledge, and experience with SAP FI/MM in an ERP-driven environment. CPA/SOCPA/CFA/ CFP preferred but not mandatory.

Qualifications

• Bachelor's degree in accounting, Finance, or related field.
• 2-3 years of experience in Fixed Assets or Financial Accounting.
• Strong knowledge of IFRS (IAS 16, IAS 36, IAS 38, IAS 2).
• Working knowledge of ERP environments such as SAP FI/MM.

Responsibilities

• Fixed Assets Lifecycle Management: manage full asset lifecycle and capitalization, depreciation, disposals, and reporting.
• Inventory Management: monitor movements, perform stock counts, and reconcile variances.
• Accounting, Reporting & Reconciliation: post depreciation, inventory entries, and support closes.
• Controls, Compliance & Audit: ensure IFRS compliance and support audits.
• Stakeholder Coordination & Process Improvement: coordinate with Procurement/Projects/Operations and drive ERP improvements.

Skills

IFRS knowledge

Journal entries

Variance analysis

Education

Bachelor's degree in accounting or finance

Tools

SAP FI/MM

Job description

Job Purpose: The Senior Finance Specialist (Inventory & Fixed Assets) is responsible for accurate accounting, control, and reporting of inventory and fixed assets in line with IFRS and company policies. The role manages inventory across Retail, F&B, and Spare Parts, and oversees the fixed asset lifecycle, including capitalization, depreciation, disposals, and reporting. It supports financial integrity, audit readiness, and effective asset management across projects and operating entities.

Key Accountability Areas:

• Fixed Assets Lifecycle Management: Manage the full fixed asset lifecycle in line with accounting standards, monitor AUC/CWIP and ensure timely capitalization, maintain and reconcile the Fixed Asset Register with the General Ledger and Trial Balance, ensure accurate asset classification, tagging, and useful life assignment, and review CAPEX transactions and validate CAPEX vs OPEX classification.
• Inventory Management: Monitor and validate inventory movements across ERP and warehouse systems, perform stock counts, cycle counts, and reconciliations including variance analysis, support inventory valuation under IAS 2, and ensure accurate recording of inventory balances and consumption flows.
• Accounting, Reporting & Reconciliation: Prepare and post depreciation, inventory, and related journal entries, support month-end, quarter-end, and year-end closing activities, perform sub-ledger to GL reconciliations, and prepare reports for management reporting and finance leadership.
• Controls, Compliance & Audit: Ensure compliance with IFRS, internal policies, capitalization thresholds, and DoA, support internal and external audits, and participate in physical asset verification and inventory counts.
• Stakeholder Coordination & Process Improvement: Coordinate with Procurement, Projects, Operations, and Finance, review PRs, POs, and invoices, and drive process improvements and system enhancements across ERP/sub-systems.

Minimum Qualifications:

Bachelor's degree in accounting, Finance, or a related field.

Professional Certifications:

CPA, SOCPA, CFA, or CFP preferred.

Required Experience:

2-3 years of experience in Fixed Assets or Financial Accounting, strong knowledge of IFRS (IAS 16, IAS 36, IAS 38, IAS 2), and working knowledge of ERP-driven environments such as SAP FI/MM.