Senior Finance Specialist

Saudi Entertainment Ventures | SEVEN; Tabuk; On-site; SAR 240,000 - 360,000; Full time

Job summary

Saudi Entertainment Ventures | SEVEN seeks a Senior Finance Specialist to oversee inventory and fixed assets, ensuring IFRS-compliant accounting across Retail, F&B, and Spare Parts. The role handles capitalization, depreciation, disposals, and reporting, with active asset controls and audit readiness.

The incumbent will maintain asset registers, support month-end closes, and perform reconciliations, liaising with Procurement, Projects, and Operations.

Qualifications

• Bachelor's degree in accounting, finance, or a related field.
• Professional certificate in Finance or Accounting (e.g., CPA, SOCPA, CFA, CFP).
• Strong IFRS knowledge, IAS 16/IAS 36/IAS 38, IAS 2.

Responsibilities

• Manage fixed asset lifecycle: creation, capitalization, depreciation, impairments, disposals.
• Monitor inventory movements across ERP and warehouse systems; perform cycle counts and variances.
• Prepare depreciation, inventory and related journal entries; support month-/quarter-/year-end closes.

Skills

IFRS knowledge

Internal controls

ERP experience

Education

Bachelor's degree in accounting or finance

Professional Finance certification (CPA/SOCPA/CFA/CFP)

Tools

SAP FI/MM

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)

Requirements

KNOWLEDGE & EXPERIENCE

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).

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)