Assistant Manager – Fixed Assets

Job Purpose

The Assistant Manager – Fixed Assets will be responsible managing the organization’s fixed asset accounting function to ensure accurate asset capitalization, depreciation, and reporting in compliance with IFRS standards and ZATCA regulations, while maintaining robust controls over the asset lifecycle from acquisition through disposal.

Key Accountabilities

• Maintain the fixed asset register by recording all asset acquisitions, transfers, and disposals accurately, ensuring completeness of asset master data including location, custodian, useful life, and depreciation parameters across all SEVEN venues and entities.
• Execute monthly depreciation processes by calculating and posting depreciation entries in accordance with IFRS requirements (IAS 16), reviewing depreciation schedules for accuracy, and ensuring proper component depreciation for complex entertainment assets such as rides and attractions.
• Coordinate annual physical verification by planning and executing asset counts, reconciling physical findings with system records, investigating discrepancies, and implementing corrective actions for missing, unrecorded, or ghost assets.
• Ensure compliance with accounting standards by applying IFRS requirements for asset recognition, measurement, and impairment testing (IAS 36), while maintaining parallel schedules for ZATCA tax depreciation rates as required by Saudi regulations.
• Manage capital expenditure tracking by monitoring project costs for capital work in progress (CWIP), coordinating with project teams on capitalization timing, and ensuring proper cost accumulation for new attractions and venue developments.
• Reconcile fixed asset records by performing monthly reconciliation of the fixed asset subledger to the general ledger, analyzing variances, and resolving discrepancies in coordination with the general accounting team.
• Support internal and external audits by preparing fixed asset schedules, audit confirmations, and supporting documentation, responding to auditor inquiries, and implementing audit recommendations to strengthen controls.

Minimum Qualifications

Bachelor’s Degree Accounting, Finance, or Business Administration.

Professional Certifications

• Certified Public Accountant (preferred)
• Certified Management Accountant (preferred)
• SOCPA membership (preferred)

Experience Requirement.

4–5 years in fixed asset accounting or general accounting with fixed asset responsibilities.

Experience in entertainment, hospitality, or asset-intensive industries preferred.