Management Accountant

6 days ago

Jeddah, Makkah Province, Saudi Arabia Top Notch Consultancy Full time
Industry: Food & Beverage (F&B) Job Purpose

The Management Accountant is responsible for providing accurate financial analysis, cost control, and performance reporting to support operational and strategic decision-making. The role focuses on cost optimization, profitability analysis, budgeting, and financial planning within a fast-paced F&B environment.

Key Responsibilities Financial Reporting & Analysis

  • Prepare monthly management accounts, including P&L, balance sheet, and variance analysis

  • Analyze food, beverage, and operating costs against budgets and standards

  • Provide actionable insights on margins, wastage, yield, and cost variances

Cost Control & Inventory Management

  • Monitor and analyze food and beverage costs, recipe costing, and portion control

  • Review inventory levels, stock movements, shrinkage, and wastage

  • Support physical stock counts and reconcile variances

Budgeting & Forecasting

  • Prepare annual budgets and rolling forecasts in collaboration with operations teams

  • Track actual performance versus budget and provide corrective recommendations

Business & Operational Support

  • Partner with operations, procurement, and production teams to improve cost efficiency

  • Support pricing decisions, promotions, and new product costings

  • Evaluate supplier pricing, contracts, and cost-saving initiatives

Internal Controls & Compliance

  • Ensure adherence to financial policies, procedures, and internal controls

  • Support audit processes and ensure accurate documentation

  • Ensure compliance with local tax, VAT, and regulatory requirements

Systems & Process Improvement

  • Improve financial processes, reporting tools, and cost tracking systems

  • Support ERP, POS, and inventory system integration and reporting

Key Requirements Education & Experience

  • Bachelors degree in Accounting, Finance, or related field

  • 3-6 years of management accounting experience, preferably in F&B, hospitality, or manufacturing

  • Experience with cost accounting and inventory-driven businesses

Skills & Competencies

  • Strong analytical and financial modeling skills

  • Solid understanding of food costing, margin analysis, and inventory controls

  • High attention to detail with strong business acumen

  • Ability to work cross-functionally with non-finance teams

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