Senior Finance Specialist📣 Job Ad

About the Role

Saudi Entertainment Ventures | SEVEN is seeking a Senior Finance Specialist to join their team in Tabūk, Tabuk, Saudi Arabia. This full-time role is responsible for the accurate accounting, control, and reporting of inventory and fixed assets, ensuring strict adherence to IFRS and company policies. The specialist will manage inventory across Retail, Food & Beverage (F&B), and Spare Parts, and oversee the entire fixed asset lifecycle, contributing significantly to financial integrity and audit readiness across various projects and operating entities. This position requires 2-5 years of relevant experience.

Key Responsibilities

The Senior Finance Specialist will manage critical financial aspects related to inventory and fixed assets, ensuring robust financial controls and accurate reporting. This includes comprehensive lifecycle management, precise accounting, and compliance with financial standards.

• Prepare and post depreciation, inventory, and related journal entries.
• Support month-end, quarter-end, and year-end closing activities.
• Perform sub-ledger to General Ledger reconciliations for inventory and fixed assets.
• Prepare reports and schedules for management reporting and finance leadership.
• Ensure compliance with IFRS, internal policies, capitalization thresholds, and Delegation of Authority (DoA).
• Support internal and external audits by providing documentation, reconciliations, and explanations.
• Participate in physical asset verification and inventory counts, resolving discrepancies.
• Coordinate with Procurement, Projects, Operations, and Finance on asset and inventory transactions.
• Review Purchase Requisitions (PRs), Purchase Orders (POs), and invoices to ensure correct accounting treatment.
• Identify and drive process improvements and system enhancements.
• Support data accuracy and utilization across ERP and sub-systems.

Fixed Assets Lifecycle 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 Capital Expenditure (CAPEX) transactions and validate CAPEX versus Operating Expenditure (OPEX) classification.

Inventory Control and Valuation

• 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, in accordance with IAS 2.
• Ensure accurate recording of inventory balances and consumption flows.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional certificate in Finance or Accounting (*, CPA, SOCPA, CFA, CFP).
• 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.

Technical Skills and Systems

• Proficiency with ERP systems (*, SAP - FI/MM modules).
• Experience with inventory and warehouse management systems.
• Familiarity with fixed asset sub-ledgers and project systems.
• Competence in reporting tools such as Excel and Business Intelligence (BI) platforms.