Finance Assistant Manager - Venues
- MDLBEAST
- Riyadh, Saudi Arabia
- SAR 240,000 – SAR 30,000
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.
Requirements
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.
Skills
- Financial Reporting
- Cost Accounting
- Inventory Management
- Budgeting
- Financial Analysis
- Internal Controls
- Revenue Assurance








