Finance Assistant Manager Venues📣 Job Ad

About MDLBEAST

MDLBEAST is a company operating in Riyadh, seeking a dedicated Finance Assistant Manager to join its team. This is a full-time position focused on ensuring the smooth financial operation of the company's various venues.

Role Overview

The Finance Assistant Manager will be responsible for a comprehensive range of financial duties specific to venue operations. This role involves leading revenue assurance, managing inventory and cost of goods sold (COGS), building cost structures, and supporting overall financial closing processes. The position requires a professional with a strong background in hospitality finance.

Key Responsibilities

• Lead and control daily and 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, conducting stock counts, implementing wastage controls, and investigating variances.
• Build and maintain cost structures for venues, providing menu/recipe costing support, and tracking contribution margins by product and 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 activities, including preparing and reviewing journals, accruals, reconciliations, and reporting schedules.
• Drive cost optimization initiatives, such as 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.

Required Qualifications and Experience

• Bachelor’s degree in Accounting.
• 7–10 years of experience in finance or accounting, with significant exposure to the hospitality or venues sector (*, restaurants, lounges, hotels, or premium F&B).
• Hands-on experience with POS controls, daily sales reconciliation, and revenue assurance processes.
• Strong understanding of inventory management, Cost of Goods Sold (COGS), menu/recipe costing, and margin drivers within the hospitality industry.

Essential Skills and Knowledge

• Proficiency with ERP systems and hospitality/POS systems.
• Advanced Excel skills are required.
• Strong knowledge of International Financial Reporting Standards (IFRS), internal controls, and audit processes.

Preferred Certifications

• Professional certification such as CPA, ACCA, CMA, or SOCPA is preferred.