Director - Transactions Accounting

The Director - Transaction Accounting is responsible for leading SEVEN's transactional accounting function, specifically Accounts Payable (AP) and Accounts Receivable / Revenue. The role oversees the centralized AP and AR teams, ensures accurate and timely processing of all payable and revenue transactions across SEVEN's entertainment complexes, cinemas and corporate operations, drives revenue assurance, manages vendor relationships, and delivers operational excellence across all transactional finance processes.

Strategy and Planning.

Develop the Transaction Accounting objectives and scorecard in alignment with Finance objectives, covering AP throughput targets, AR collection performance, revenue reconciliation accuracy, and operational SLAs across SEVEN's complexes and corporate streams.

Stakeholders’ Relations.

Act as SEVEN’s representative with internal and external audit to ensure compliance with external standards and SEVEN policies. Maintain good working relationships with the key stakeholders within and outside the SEVEN including QIC group finance.

Governance and Resilience.

Develop Transaction Accounting policies and procedures — covering AP processing, payment authorization, revenue recognition, ZATCA compliance and AR collections — and monitor implementation to ensure operational excellence across SEVEN's complex and corporate finance streams.

People Management.

Direct employee performance management processes within Transaction Accounting in alignment with the HR policies and procedures to ensure continuous improvement for employees’ performance.

Direct the recording and management of advance payments and prepaid expenses, ensuring proper validation of recording invoices and balance confirmation with the vendors

Direct the recording and management of petty cash and corporate credit cards records

Direct the process of entry and reconciliation, ensuring the accuracy of Accounts Payable transactions and ongoing integrity to (GL) as per the organization’s policies

Direct the management of invoice aging reports

Direct the periodic review and variance analysis to detect deviations and unusual operations.

Direct the process of preparation, recording, and verification of accounts receivable documentation to maintain accuracy at all times

Direct the revenue function and business units to follow applicable revenue policies and guidelines

Direct the process of entry and reconciliation, ensuring all revenues are billed and quality service rendered to both internal and external stakeholders

Direct all financial transactions needed for commercial promotions, discounts and commissions.

Direct cash collection oversight including daily review of cash reconciliations from BU Finance teams at the complexes and escalation of discrepancies to the Finance Manager

Direct monitoring and reporting of leasing revenue from F&B tenancies and commercial leases, ensuring compliance with IFRS 16 and IFRS 15 revenue recognition policies

Direct ZATCA e-invoicing compliance for all AR transactions, ensuring timely and accurate submission of invoices in line with Phase 2 requirements

Direct revenue assurance controls including review of system-generated reconciliations, variance identification, and escalation to IT and Operations for resolution

Direct daily reconciliation of revenue across all POS systems (VGS, Micros, Vista) to ensure completeness and accuracy of revenue recognition across SEVEN's entertainment complexes

Direct the preparation of aging report and recording of allowance journal entry

Professional certificate in Finance or Accounting certification (i.e. E.g. CPA, SOCPA, CFA, CFP) is preferable.

12-15 years of relevant experience with at least 5 years in a management role

Experience with a Big 4 audit firm (in Audit and Assurance) is preferred

Experience in high-volume AP and AR operations using ERP systems (SAP preferred). Familiarity with revenue management systems (VGS, Micros, Vista) and ZATCA e-invoicing compliance is an advantage.

Experience with transactional accounting in entertainment, hospitality or retail sectors preferred.