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Financial Operations Manager

2 months ago

Riyadh, Ar Riyāḑ, Saudi Arabia Calo Inc Full time

About Calo Inc.

Calo Inc. is a pioneering company dedicated to revolutionizing the way people access healthy food through innovative technology solutions.

Role Overview

We are seeking a highly skilled Cost Control Manager to join our Accounts and Finance team at Calo Inc. In this critical role, you will be responsible for overseeing the financial expenditures of the company, ensuring efficient use of resources and minimizing costs.

Main Responsibilities

  1. Establish a robust cost control framework from the ground up, developing the necessary infrastructure and implementing cost control processes on our Enterprise Resource Planning (ERP) system.
  2. Lead a team of cost controllers, providing guidance and support to ensure a deep understanding of Cost of Goods Sold (COGS) performance against standard costs, and identifying trends to minimize variances.
  3. Drive continuous improvement initiatives to optimize COGS through item-level consumption analysis, waste reduction, and collaboration with various functional stakeholders to deliver lasting financial impact.
  4. Develop and implement standard costing systems, lead the setup of inventory/Point of Sale (POS) management systems, and ensure seamless integration with our ERP system.
  5. Oversee inventory audits, counts, and reconciliations across assets, analyze deviations from standard costing, and establish Standard Operating Procedures (SOPs) to scale the process.
  6. Lead monthly costing closing (actual vs. standard) and inventory closing processes, ensuring accurate and error-free accounting reports, and verifying posted accounts for reconciliation.
  7. Develop and document business processes and accounting policies to maintain and strengthen internal COGS controls, ensuring compliance with regulatory requirements.
  8. Automate COGS cost control performance reporting and enable real-time viewing across different business lines, providing actionable insights for informed decision-making.
  9. Collaborate with the food team and local kitchens to handle costing activities, processes, and automate functions, ensuring seamless integration with our operations.

Ideal Candidate

  1. A bachelor's degree in accounting, finance, or a related field is required.
  2. 8-10 years of experience in F&B - COGS Cost Control roles, with a proven track record of success in financial governance and cost optimization.
  3. Strong problem-solving and change management skills, with the ability to drive initiatives and get things done in a fast-paced environment.
  4. Excellent analytical skills, with the ability to analyze financial data and provide actionable insights into the company's financial status.
  5. Familiarity with ERP and inventory management software systems is mandatory.
  6. Excellent communication and collaboration skills, with the ability to work effectively with cross-functional teams and external stakeholders.
  7. Proven leadership skills, with the ability to lead a team of cost controllers across multiple locations.
  8. A strategic mindset, with the ability to participate in financial standards setting, budget preparation, process development, and implementation.