Future Opportunity – Senior Finance Specialist – Taif (Saudi Arabia) Mecca

Requirements

Candidates must hold a bachelor’s degree in accounting or finance and possess 2-3 years of experience in fixed assets or financial accounting. Strong knowledge of IFRS (IAS 16, IAS 36, IAS 38, IAS 2) and proficiency in ERP systems like SAP are required.

Job Summary

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)
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)

Responsibilities

The Senior Finance Specialist is responsible for the accurate accounting, control, and reporting of inventory and fixed assets in accordance with IFRS standards. This role manages the full asset lifecycle, performs inventory reconciliations, and supports month-end closing and audit activities.

We are a job aggregator. All rights belong to the original company or recruiter. We do not claim ownership of any listings.