Summary
Saudi Entertainment Ventures (SEVEN) is seeking a Senior Finance Specialist to manage inventory accounting and the fixed asset lifecycle across its operating entities and projects. The role covers asset capitalization, depreciation, reconciliations, inventory valuation, stock counts, financial closing, reporting, and audit support. The successful candidate will coordinate with Procurement, Projects, Operations, and Finance and support ERP and process improvements. Applicants need a bachelor’s degree in accounting, finance, or a related field and 2–3 years of relevant experience; knowledge of IFRS, including IAS 16, IAS 36, IAS 38, and IAS 2, is required. The role is located in Abha, Saudi Arabia; a finance or accounting certification is preferred but not mandatory.
The posting
As published on seven.sa. Pulled from the employer's site and shown as they wrote it.
Job Purpose:
The Senior Finance Specialist (Inventory & Fixed Assets) is responsible for accurate accounting, control, and reporting of inventory and fixed assets in line with IFRS and company policies. The role manages inventory across Retail, F&B, and Spare Parts, and oversees the fixed asset lifecycle, including capitalization, depreciation, disposals, and reporting. It supports financial integrity, audit readiness, and effective asset management across projects and operating entities.
Key Accountability Areas:
Fixed Assets Lifecycle Management
- Manage the full fixed asset lifecycle (creation, capitalization, transfers, depreciation, impairments, disposals) in line with accounting standards
- Monitor 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 useful life assignment
- Review CAPEX transactions and validate CAPEX vs OPEX classification.
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.
Accounting, Reporting & Reconciliation:
- Prepare and post depreciation, inventory, and related journal entries.
- Support month-end, quarter-end, and year-end closing activities.
- Perform sub-ledger to GL reconciliations (inventory and fixed assets).
- Prepare reports and schedules for management reporting and finance leadership.
Controls, Compliance & Audit:
- Ensure compliance with IFRS, internal policies, capitalization thresholds, and DoA.
- Support internal and external audits through documentation, reconciliations, and explanations.
- Participate in physical asset verification and inventory counts; resolve discrepancies.
Stakeholder Coordination & Process Improvement:
- Coordinate with Procurement, Projects, Operations, and Finance on asset and inventory transactions
- Review PRs, POs, and invoices to ensure correct accounting treatment.
- Identify and drive process improvements and system enhancements.
- Support data accuracy and utilization across ERP/sub-systems.
Functional Accountabilities
Systems & Tools
- ERP systems (e.g., SAP – FI/MM)
- Inventory / warehouse management systems
- Fixed asset sub-ledgers and project systems
- Reporting tools (Excel, BI)
Requirements
KNOWLEDGE & EXPERIENCE
KNOWLEDGE
Minimum Qualifications:
Bachelor’s degree in accounting, Finance, or a related field.
Professional Certifications:
Professional certificate in Finance or Accounting certification (i.e. E.g. CPA, SOCPA, CFA, CFP) is preferred but not mandatory
Required Experience
- 2 - 3 years of experience in Fixed Assets or Financial Accounting
- Strong knowledge of IFRS, particularly IAS 16, IAS 36, and IAS 38
- Working knowledge of IFRS inventory accounting (IAS 2) and internal controls
- Experience working in ERP-driven environments (ERP systems e.g., SAP – FI)