Future Opportunity - Senior Finance Specialist - Taif

SEVEN; At Ta'if; On-site; SAR 180,000 - 260,000; Full time

Benefits offered by this job

Restaurant discounts

Job summary

SEVEN in Saudi Arabia is seeking a Senior Finance Specialist (Inventory & Fixed Assets) to ensure accurate accounting, reporting and control of inventory and fixed assets in line with IFRS and company policy. You will manage asset lifecycle, perform reconciliations, and support audits across projects and entities.

Strong IFRS knowledge (IAS 16/38/36, IAS 2), SAP FI, and ERP experience are required; 2–3 years in fixed assets or financial accounting preferred.

Qualifications

• Bachelor's degree in accounting/finance or related field.
• Strong knowledge of IFRS, IAS 16/36/38, and IAS 2 inventory accounting.
• Experience with ERP SAP FI and internal controls is preferred.
• 2–3 years of experience in Fixed Assets or Financial Accounting.

Responsibilities

• Manage fixed asset lifecycle from creation to disposals per standards.
• Monitor AUC/CWIP and capitalization; reconcile Fixed Asset Register with GL.
• Validate inventory movements; perform cycle counts and reconciliations.
• Post depreciation, depreciation-related entries; support month/quarter/year-end close.
• Assist audits with documentation and explanations; ensure IFRS compliance.
• Coordinate with Procurement/Projects on asset and inventory transactions.

Skills

IFRS knowledge

Fixed assets management

Inventory management

ERP experience (SAP FI)

Financial reporting

Internal controls

Education

Bachelor's degree in accounting/finance

Tools

SAP FI/MM

ERP systems

Excel

BI

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 (creation, capitalization, transfers, depreciation, impairments, disposals) in line with accounting standards
• Monitor AUC/CWIP and ensure timely and accurate capitalization upon project completion
• Maintain and reconcile the Fixed Asset Register with the General Ledger and Trial Balance
• Ensure accurate asset classification, tagging, and useful life assignment
• 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, including provisions, obsolescence, and write-offs (IAS 2).
• 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 (inventory and fixed assets).
• Prepare reports and schedules for management reporting and finance leadership.

Controls, Compliance & Audit:

• Ensure compliance with IFRS, internal policies, capitalization thresholds, and DoA.
• Support internal and external audits through documentation, reconciliations, and explanations.
• Participate in physical asset verification and inventory counts; resolve discrepancies.

Stakeholder Coordination & Process Improvement:

• Coordinate with Procurement, Projects, Operations, and Finance on asset and inventory transactions
• Review PRs, POs, and invoices to ensure correct accounting treatment.
• Identify and drive process improvements and system enhancements.
• Support data accuracy and utilization across ERP/sub-systems.

Functional Accountabilities

Systems & Tools

• ERP systems (e.g., SAP - FI/MM)
• Inventory / warehouse management systems
• Fixed asset sub-ledgers and project systems
• Reporting tools (Excel, BI)

KNOWLEDGE

Minimum Qualifications:

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

Professional Certifications:

Professional certificate in Finance or Accounting certification (i.e. E.g. CPA, SOCPA, CFA, CFP) is preferred but not mandatory

Required Experience

• 2 - 3 years of experience in Fixed Assets or Financial Accounting
• Strong knowledge of IFRS, particularly IAS 16, IAS 36, and IAS 38
• Working knowledge of IFRS inventory accounting (IAS 2) and internal controls
• Experience working in ERP-driven environments (ERP systems e.g., SAP - FI)