Director - Transactions Accounting

Job Purpose: 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.Managerial Accountabilities: Key Accountability AreasStrategy and PlanningDevelop 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' RelationsAct 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 ManagementDirect employee performance management processes within Transaction Accounting in alignment with the HR policies and procedures to ensure continuous improvement for employees' performance.Functional Accountabilities:Accounting. Direct all accounts payable activities with outsource partners:Direct the recording and management of advance payments and prepaid expenses, ensuring proper validation of recording invoices and balance confirmation with the vendorsDirect the recording and management of petty cash and corporate credit cards recordsDirect 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 reportsDirect the periodic review and variance analysis to detect deviations and unusual operations. Direct all accounts receivables activities:Direct the process of preparation, recording, and verification of accounts receivable documentation to maintain accuracy at all timesDirect the revenue function and business units to follow applicable revenue policies and guidelinesDirect the process of entry and reconciliation, ensuring all revenues are billed and quality service rendered to both internal and external stakeholdersDirect all financial transactions needed for commercial promotions, discounts and commissionsDirect cash collection oversight including daily review of cash reconciliations from BU Finance teams at the complexes and escalation of discrepancies to the Finance ManagerDirect monitoring and reporting of leasing revenue from F&B tenancies and commercial leases, ensuring compliance with IFRS 16 and IFRS 15 revenue recognition policiesDirect ZATCA e-invoicing compliance for all AR transactions, ensuring timely and accurate submission of invoices in line with Phase 2 requirementsDirect revenue assurance controls including review of system-generated reconciliations, variance identification, and escalation to IT and Operations for resolutionDirect daily reconciliation of revenue across all POS systems (VGS, Micros, Vista) to ensure completeness and accuracy of revenue recognition across SEVEN's entertainment complexesDirect the preparation of aging report and recording of allowance journal entryRequirementsKNOWLEDGE & EXPERIENCE:Minimum QualificationsBachelor's degree in Finance, Accounting or equivalent as a minimumMaster's degree in Finance, Accounting, or equivalent is preferredProfessional CertificationsProfessional certificate in Finance or Accounting certification (i.e. E.g. CPA, SOCPA, CFA, CFP) is preferable. ExperienceRequired Experience:12-15 years of relevant experience with at least 5 years in a management roleExperience with a Big 4 audit firm (in Audit and Assurance) is preferredExperience 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