Senior Finance Specialist📣 Job Ad

About the Role

Saudi Entertainment Ventures | SEVEN is seeking a Senior Finance Specialist (Inventory & Fixed Assets) to join its team in Abha, 'Asir, Saudi Arabia. This full-time role is responsible for ensuring accurate accounting, control, and reporting of inventory and fixed assets, adhering to IFRS and company policies. The specialist will manage inventory across Retail, F&B, and Spare Parts, and oversee the complete fixed asset lifecycle, including capitalization, depreciation, disposals, and reporting. This position requires 2-3 years of experience in Fixed Assets or Financial Accounting.

Role Overview and Key Accountabilities

The Senior Finance Specialist supports financial integrity, audit readiness, and effective asset management across various projects and operating entities. Key accountabilities include preparing and posting journal entries, supporting month-end and year-end closing activities, and performing sub-ledger to General Ledger reconciliations. The role also involves ensuring compliance with IFRS, internal policies, capitalization thresholds, and Delegation of Authority (DoA), as well as coordinating with various departments and driving process improvements.

Fixed Assets Management

• Manage the full fixed asset lifecycle, including creation, capitalization, transfers, depreciation, impairments, and disposals, in line with accounting standards.
• Monitor Assets Under Construction (AUC) / Capital Work In Progress (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.
• Participate in physical asset verification and resolve discrepancies.

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.
• Review Purchase Requisitions (PRs), Purchase Orders (POs), and invoices to ensure correct accounting treatment for inventory.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional certification in Finance or Accounting (*, CPA, SOCPA, CFA, CFP) is preferred.
• 2-3 years of experience in Fixed Assets or Financial Accounting.
• Strong knowledge of IFRS, particularly IAS 16 (Property, Plant and Equipment), IAS 36 (Impairment of Assets), and IAS 38 (Intangible Assets).
• Working knowledge of IFRS inventory accounting (IAS 2) and internal controls.
• Experience working in ERP-driven environments, specifically with ERP systems such as SAP - FI.

Systems and Tools

The role requires proficiency with various financial and operational systems, including ERP systems (*, SAP - FI/MM), inventory and warehouse management systems, fixed asset sub-ledgers, and project systems. Strong skills in reporting tools such as Excel and Business Intelligence (BI) platforms are also essential for this position.