Senior Finance Specialist

Saudi Entertainment Ventures | SEVEN; Abha; On-site; SAR 180,000 - 260,000; Full time

Job summary

Saudi Entertainment Ventures | SEVEN is seeking a Senior Finance Specialist focused on inventory and fixed assets accounting. You will ensure accurate IFRS-compliant recording across Retail, F&B, and Spare Parts, manage capitalization, depreciation, and asset disposals, and support asset reporting.

The role partners with Procurement, Projects, Operations, and Finance to optimize processes, perform reconciliations, assist audits, and enhance asset data quality across ERP systems.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• Professional certificate in Finance or Accounting (CPA, SOCPA, CFA, CFP) preferred but not mandatory.
• 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 (e.g., SAP - FI).

Responsibilities

• Manage full fixed asset lifecycle including capitalization, depreciation, impairments, and disposals.
• Monitor AUC/CWIP and ensure capitalization on project completion.
• Maintain and reconcile the Fixed Asset Register with the GL and Trial Balance.
• Ensure accurate asset classification, tagging, and useful life assignment.
• Review CAPEX transactions and validate CAPEX vs OPEX classification.
• 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).
• 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.
• 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.
• 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.

Skills

IFRS knowledge

Inventory management

Fixed assets management

Journal entries

Education

Bachelor's degree in accounting/finance

Tools

SAP - FI

ERP systems

Excel

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.

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)

Requirements

KNOWLEDGE & EXPERIENCE

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)