Role summary
The Director - Transactions Accounting leads SEVEN's transactional accounting function, specifically Accounts Payable and Accounts Receivable/Revenue. Oversees 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.
Responsibilities
- Develop Transaction Accounting objectives and scorecard aligned with Finance objectives, covering AP throughput targets, AR collection performance, revenue reconciliation accuracy and operational SLAs
- Serve as SEVEN's representative with internal and external audit to ensure compliance with external standards and SEVEN policies
- Maintain good working relationships with key stakeholders within and outside SEVEN including QIC group finance
- Develop Transaction Accounting policies and procedures covering AP processing, payment authorization, revenue recognition, ZATCA compliance and AR collections
- Monitor implementation of policies and procedures to ensure operational excellence
- Direct employee performance management processes within Transaction Accounting aligned with HR policies
- Direct all accounts payable activities with outsource partners
- Direct recording and management of advance payments and prepaid expenses
- Validate invoice recording and confirm balances with vendors
- Direct recording and management of petty cash and corporate credit card records
- Direct entry and reconciliation processes ensuring accuracy of Accounts Payable transactions
- Direct management of invoice aging reports
- Conduct periodic review and variance analysis to detect deviations and unusual operations
- Direct all accounts receivable activities
- Direct preparation, recording and verification of accounts receivable documentation
- Direct revenue function and business units to follow applicable revenue policies and guidelines
- Direct entry and reconciliation ensuring all revenues are billed and quality service rendered
- Direct financial transactions for commercial promotions, discounts and commissions
- Direct cash collection oversight including daily review of cash reconciliations from BU Finance teams
- Monitor and report leasing revenue from F&B tenancies and commercial leases
- Ensure compliance with IFRS 16 and IFRS 15 revenue recognition policies
- Direct ZATCA e-invoicing compliance for all AR transactions
- Direct revenue assurance controls including system-generated reconciliation review and variance identification
- Daily reconciliation of revenue across all POS systems ensuring completeness and accuracy
- Direct preparation of aging report and recording of allowance journal entry
Qualifications
- Bachelor's degree in Finance, Accounting or equivalent minimum
- Master's degree in Finance, Accounting or equivalent preferred
Requirements
- Professional certificate in Finance or Accounting (CPA, SOCPA, CFA, CFP) preferable
- 12–15 years relevant experience minimum
- 5 years minimum experience in management role
- Big 4 audit firm experience (Audit and Assurance) preferred
- High-volume AP and AR operations experience using ERP systems (SAP preferred)
- Familiarity with revenue management systems (VGS, Micros, Vista) and ZATCA e-invoicing compliance advantageous
- Transactional accounting experience in entertainment, hospitality or retail sectors preferred
Education
Bachelor's degree in Finance, Accounting or equivalent minimum; Master's degree in Finance, Accounting or equivalent preferred
Experience
12–15 years relevant experience including minimum 5 years in management role; Big 4 audit firm experience preferred
Skills
- ERP systems (SAP preferred)
- Revenue management systems (VGS, Micros, Vista)
- ZATCA e-invoicing compliance
- Accounts Payable operations
- Accounts Receivable operations
- Revenue recognition (IFRS 15, IFRS 16)
- Financial analysis and variance reporting
Education · Experience · Type
Bachelor'sRequires 12+ yearsSalary not stated