Director Transactions Accounting📣 Job Ad

About the Role

SEVEN (Saudi Entertainment Ventures) is seeking a Director - Transactions Accounting to lead its transactional accounting function. Based in Riyadh Province, Riyadh, this full-time role oversees centralized Accounts Payable (AP) and Accounts Receivable / Revenue teams. The Director will ensure accurate and timely processing of all payable and revenue transactions across SEVEN's entertainment complexes, cinemas, and corporate operations, driving revenue assurance, managing vendor relationships, and delivering operational excellence in all transactional finance processes.

Key Responsibilities

• Develop Transaction Accounting objectives and scorecards aligned with Finance goals, covering AP throughput, AR collection performance, revenue reconciliation accuracy, and operational SLAs.
• Act as SEVEN’s representative with internal and external audit to ensure compliance with external standards and company policies.
• Maintain strong working relationships with key stakeholders, including QIC group finance.
• Develop and monitor Transaction Accounting policies and procedures for AP processing, payment authorization, revenue recognition, ZATCA compliance, and AR collections.
• Direct employee performance management processes within Transaction Accounting to ensure continuous improvement.

Accounts Payable Activities

• Direct the recording and management of advance payments and prepaid expenses, ensuring proper invoice validation and balance confirmation with vendors.
• Oversee the recording and management of petty cash and corporate credit card records.
• Direct the entry and reconciliation process to ensure accuracy of Accounts Payable transactions and integrity to the General Ledger.
• Manage invoice aging reports and conduct periodic reviews and variance analyses to detect deviations.

Accounts Receivable and Revenue Activities

• Direct the preparation, recording, and verification of accounts receivable documentation.
• Ensure the revenue function and business units adhere to applicable revenue policies and guidelines.
• Oversee entry and reconciliation processes to ensure all revenues are billed and services rendered.
• Direct financial transactions for commercial promotions, discounts, and commissions.
• Provide cash collection oversight, including daily review of cash reconciliations and escalation of discrepancies.
• Monitor and report leasing revenue from F&B tenancies and commercial leases, ensuring compliance with IFRS 16 and IFRS 15.
• Direct ZATCA e-invoicing compliance for all AR transactions, ensuring timely and accurate submission in line with Phase 2 requirements.
• Direct revenue assurance controls, including review of system-generated reconciliations, variance identification, and escalation.
• Direct daily reconciliation of revenue across all POS systems (VGS, Micros, Vista) for completeness and accuracy.
• Direct the preparation of aging reports and recording of allowance journal entries.

Qualifications and Experience

• Minimum Qualifications: Bachelor’s degree in Finance, Accounting, or equivalent.
• Preferred Qualifications: Master’s degree in Finance, Accounting, or equivalent.
• Professional Certifications (Preferable): CPA, SOCPA, CFA, CFP, or similar professional certificate in Finance or Accounting.
• Required Experience: 12-15 years of relevant experience, with at least 5 years in a management role.

Preferred Skills and Knowledge

• Experience with a Big 4 audit firm (in Audit and Assurance).
• Experience in high-volume AP and AR operations, particularly with ERP systems (SAP preferred).
• Familiarity with revenue management systems (VGS, Micros, Vista) and ZATCA e-invoicing compliance.
• Experience with transactional accounting in the entertainment, hospitality, or retail sectors.