Senior Finance Specialist

About the Role

SEVEN (Saudi Entertainment Ventures) is seeking a Senior Finance Specialist with expertise in Inventory & Fixed Assets to join their team in Taif, Makkah Province. This full-time role is responsible for ensuring accurate accounting, control, and reporting of inventory and fixed assets in compliance with IFRS and company policies. The specialist will manage inventory across Retail, F&B, and Spare Parts, and oversee the entire fixed asset lifecycle, from capitalization to disposals.

Key Responsibilities

• Manage the full fixed asset lifecycle, including creation, capitalization, transfers, depreciation, impairments, and disposals, in line with accounting standards.
• Monitor Assets Under Construction (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 assignment of useful lives.
• Review CAPEX transactions and validate CAPEX vs. OPEX classification.
• 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.
• 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.

Compliance and Audit Support

• 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 discrepancies.

Stakeholder Coordination and Process Improvement

• 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.

Qualifications and Experience

• 2-5 years of experience in a finance role with a focus on inventory and fixed assets.
• Proficiency in ERP systems (*, SAP – FI/MM).
• Experience with inventory/warehouse management systems.
• Familiarity with fixed asset sub-ledgers and project systems.
• Strong reporting skills using tools such as Excel and Business Intelligence (BI).

Application Process

This role offers an opportunity to contribute to financial integrity and asset management within SEVEN. Salary details will be discussed during the interview process.