Senior Finance Specialist📣 Job Ad

About the Role

SEVEN (Saudi Entertainment Ventures) is seeking a Senior Finance Specialist (Inventory & Fixed Assets) to join its team in Tabuk, Tabuk Province. This full-time role is responsible for the accurate accounting, control, and reporting of inventory and fixed assets, ensuring adherence to IFRS and company policies. The specialist will manage inventory across Retail, Food & Beverage, and Spare Parts, while also overseeing the complete fixed asset lifecycle, from capitalization to depreciation, disposals, and comprehensive reporting. This position requires 2-5 years of relevant experience and contributes to maintaining financial integrity, audit readiness, and effective asset management across various projects and operating entities.

Fixed Asset Lifecycle Management

• Manage the full fixed asset lifecycle, including creation, capitalization, transfers, depreciation, impairments, and disposals, in accordance with accounting standards.
• Monitor Assets Under Construction (AUC) and Capital Work In Progress (CWIP), ensuring 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 assignment of useful lives.
• 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 management systems.
• Perform stock counts, cycle counts, and reconciliations, including variance analysis.
• Support inventory valuation processes, including provisions for obsolescence and write-offs, in line with IAS 2.
• Ensure accurate recording of inventory balances and consumption flows.

Accounting, Reporting, and Reconciliation

• Prepare and post depreciation, inventory, and other 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.

Compliance, Audit Support, and Process Improvement

• 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, and resolve any identified discrepancies.
• Coordinate with Procurement, Projects, Operations, and other Finance teams 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.

Required Systems and Experience

Candidates for this role should possess 2-5 years of relevant experience and demonstrate proficiency with the following systems and tools:

• ERP systems, such as SAP (FI/MM modules).
• Inventory and warehouse management systems.
• Fixed asset sub-ledgers and project systems.
• Reporting tools, including Excel and Business Intelligence (BI) platforms.