Director - Transactions Accounting

Role Overview

Director - Transactions Accounting at SEVEN, responsible for leading the transactional accounting function across Accounts Payable (AP) and Accounts Receivable (AR) / Revenue operations.

Role Purpose

Lead SEVEN's centralized AP and AR teams to ensure accurate and timely processing of all payable and revenue transactions across entertainment complexes, cinemas, and corporate operations, while driving revenue assurance, managing vendor relationships, and delivering operational excellence across all transactional finance processes.

Key Responsibilities

Strategy and Planning

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

Stakeholder Relations

• Act as SEVEN's representative with internal and external audit.
• Ensure compliance with external standards and SEVEN policies.
• Maintain effective working relationships with key internal and external stakeholders, including QIC group finance.

Governance and Resilience

• Develop Transaction Accounting policies and procedures covering AP processing, payment authorization, revenue recognition, and ZATCA compliance.
• Establish AR collections procedures and monitoring protocols.
• Monitor implementation to ensure operational excellence across complex and corporate finance streams.

People Management

• Direct employee performance management processes within Transaction Accounting.
• Align performance management with HR policies and procedures.
• Drive continuous improvement in employee performance.

Accounts Payable Operations

• Direct the recording and management of advance payments and prepaid expenses.
• Ensure proper validation of invoice recording and balance confirmation with vendors.
• Direct the recording and management of petty cash and corporate credit card records.
• Oversee the entry and reconciliation process to ensure accuracy of AP transactions and ongoing GL integrity.
• Direct management of invoice aging reports.
• Conduct periodic review and variance analysis to detect deviations and unusual operations.

Accounts Receivable Operations

• Direct the preparation, recording, and verification of accounts receivable documentation to maintain accuracy.
• Direct revenue function and business units to follow applicable revenue policies and guidelines.
• Oversee the entry and reconciliation process to ensure all revenues are billed and quality service rendered to internal and external stakeholders.
• Direct all financial transactions for commercial promotions, discounts, and commissions.

Revenue and Cash Management

• Oversee cash collection including daily review of cash reconciliations from Business Unit Finance teams at complexes.
• Escalate discrepancies to the Finance Manager.
• Monitor and report leasing revenue from F&B tenancies and commercial leases.
• Ensure compliance with IFRS 16 and IFRS 15 revenue recognition policies.
• Direct daily reconciliation of revenue across all POS systems (VGS, Micros, Vista).
• Ensure completeness and accuracy of revenue recognition across SEVEN's entertainment complexes.

Compliance and Assurance

• Direct ZATCA e-invoicing compliance for all AR transactions.
• Ensure timely and accurate invoice submission in line with Phase 2 requirements.
• Direct revenue assurance controls including review of system-generated reconciliations.
• Identify variances and escalate to IT and Operations for resolution.
• Direct the preparation of aging reports and recording of allowance journal entries.

Qualifications & Experience

• Bachelor's degree in Finance, Accounting, or equivalent minimum.
• Master's degree in Finance, Accounting, or equivalent preferred.
• Professional certificate in Finance or Accounting certification (CPA, SOCPA, CFA, CFP) preferable.
• Minimum 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 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 an advantage.
• Experience in transactional accounting in entertainment, hospitality, or retail sectors preferred.

Skills & Competencies

• ERP systems proficiency, SAP preferred.
• Revenue management systems (VGS, Micros, Vista).
• ZATCA e-invoicing compliance knowledge.
• IFRS 16 and IFRS 15 revenue recognition standards.
• Financial analysis and variance management.
• Vendor and stakeholder relationship management.
• Performance management and team leadership.
• Policy development and governance implementation.