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Open nowPosted 175 days ago

Finance Assistant Manager - Venues

mdlbeast3 open roles

Where
Riyadh, Riyadh Province, Saudi Arabia
Work mode
On site
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Your applicationOpen nowFinance Assistant Manager - Venuesmdlbeast · Riyadh, Riyadh Province, Saudi Arabia

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  4. 14.9%14 days
  5. 34.2%30 days
This job: posted 175 days ago

The posting

Finance Assistant Manager - Venues

We are seeking a dedicated Finance Assistnat Manager to join our team. The ideal candidate will be responsible for a wide range of financial duties to ensure the smooth operation of our venues. Duties will include (but not limited to):

  • Lead and control daily/weekly revenue assurance, including POS reconciliation, cash/card settlement matching, void/discount monitoring, and sales-to-bank controls.
  • Oversee inventory and COGS governance, managing stock movements, stock counts, wastage controls, and investigation of variances.
  • Build and maintain cost structures for venues, providing menu/recipe costing support and tracking contribution margins by product/category.
  • Manage transfer pricing and intercompany recharges, ensuring accurate documentation, policy compliance, and timely reconciliations to support group consolidation.
  • Support the finance team in monthly and year-end closing, preparing/reviewing journals, accruals, reconciliations, and reporting schedules.
  • Drive cost optimization initiatives, including supplier price variance tracking, wastage reduction, portion control, and operational leakage reduction.
  • Prepare performance packs for venue leadership, analyzing sales mix, margins, labor/overheads, and providing actionable insights.
  • Strengthen working capital across venues through vendor reconciliations, payment scheduling, and purchasing controls.
  • Ensure compliance with internal policies and audit requirements, maintaining documentation standards and coordinating audits.

Key Requirements:

  • Bachelor’s degree in accounting.
  • 7–10 years of experience in finance/accounting with strong exposure to hospitality/venues (restaurants, lounges, hotels, or premium F&B).
  • Hands-on experience with POS controls, daily sales reconciliation, and revenue assurance.
  • Strong understanding of inventory, COGS, menu/recipe costing, and margin drivers in hospitality.
  • Professional certification such as CPA, ACCA, CMA, or SOCPA is preferred.
  • Experience with ERP and hospitality/POS systems; advanced Excel skills required.
  • Strong knowledge of IFRS, internal controls, and audit processes.
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