Associate Director - Accounts Payable

The Associate Director – Accounts Payable oversees the end-to-end accounts payable function, ensuring the accuracy, compliance, and timely processing of all invoices and payments. The role is responsible for leading and managing the Accounts Payable Accounting Team, implementing efficient transactional accounting processes, and maintaining strong internal controls. By ensuring financial integrity and seamless payment operations, the role directly supports the financial health of SEVEN’s projects and contributes to enabling exceptional entertainment experiences across Saudi Arabia.

Managerial Accountabilities

Stakeholders’ Relations

• Act 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

• Monitor the operational activities within his functions to ensure its compliance with the function’s policies and procedures.
• Lead Accounting & Operations’ day-to-day operations to ensure compliance with the approved policies & procedures.

Functional Accountabilities

AP Accounting:

• Manage and oversee the entire accounts payable process, including invoice receipt, verification, approval, and payment processing.
• Responsible for preparing the cash flow forecasts for the Complexes to ensure appropriate funding arrangements are available at all times.
• Ensure compliance with internal controls and company policies related to accounts payable.
• Supervise a team of accounts payable professionals, providing training and guidance to achieve departmental objectives.
• Monitor and analyze accounts payable metrics (e.g., AP aging, invoice processing cycle time, GR/IR, vendor satisfaction) to identify opportunities for process improvement and efficiency gains.
• Coordinate with suppliers and vendors to address any discrepancies or payment issues.
• Ensure timely and accurate processing of monthly, quarterly, and annual financial reports.
• Collaborate with other finance functions, including treasury, accounting, and purchasing, to support overall financial operations.
• Assist in the development and implementation of accounts payable best practices and policies.
• Lead and manage any accounts payable-related audits and respond to inquiries from internal and external auditors.
• Stay current with industry trends and regulatory changes related to accounts payable operations.
• Direct the recording and management of advance payments and prepaid expenses, ensuring proper validation of recording invoices and balance confirmation with the vendors.
• Direct the recording and management of petty cash and corporate credit cards records.
• Direct 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 reports.
• Direct the periodic review and variance analysis to detect deviations and unusual operations.
• Direct the payroll transactions and ensure accurate reflection by validating the accuracy of accounting entries for payroll, and ensuring salaries, benefits, and pensions payments are generated on time.

KNOWLEDGE & EXPERIENCE:

Minimum Qualifications

• Bachelor’s degree in finance, Accounting or equivalent as a minimum.
• Master’s degree in finance, Accounting, or equivalent is preferred.

Professional Certifications:

Finance or Accounting certification (i.e.

E.g. CPA, SOCPA, CFA, CFP) is preferred.

Required Experience:

10 years of relevant experience with at least 5 years in a management role.

Experience in Accounting and Operations and Accounting Standards (IFRS, SOCPA, etc.).