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Finance Assistant Manager - Venues

mdlbeastRiyadh, Riyadh Province, Saudi Arabia
On-site Full-time

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Experience Level

Manager

Qualifications

Key Requirements:Bachelor's degree in Accounting or a related field.7–10 years of finance or accounting experience, particularly in the hospitality industry, including exposure to restaurants, lounges, hotels, or premium food and beverage operations. Proficient in POS controls, daily sales reconciliation, and revenue assurance practices. Strong expertise in inventory management, COGS, menu and recipe costing, as well as margin analysis in a hospitality context. Professional certifications such as CPA, ACCA, CMA, or SOCPA are highly preferred. Experience with ERP systems and hospitality/POS systems is essential; advanced Excel skills are required. In-depth knowledge of IFRS, internal controls, and audit processes.

About the job

Finance Assistant Manager - Venues

Join mdlbeast as a Finance Assistant Manager and play a pivotal role in managing the financial operations of our venues. We are looking for a committed and detail-oriented finance professional to oversee a variety of financial responsibilities essential for the seamless functioning of our venues.

  • Lead daily and weekly revenue assurance processes, including POS reconciliation, cash/card settlement matching, monitoring voids and discounts, and ensuring sales-to-bank controls.

  • Manage inventory and COGS governance, including stock movement oversight, conducting stock counts, implementing wastage controls, and investigating variances.

  • Develop and maintain cost structures for venues by providing menu and recipe costing support while tracking contribution margins by product and category.

  • Oversee transfer pricing and intercompany recharges, ensuring precise documentation, adherence to policies, and timely reconciliations to facilitate group consolidation.

  • Assist the finance team with monthly and year-end closing processes, preparing and reviewing journals, accruals, reconciliations, and reporting schedules.

  • Champion cost optimization initiatives, including tracking supplier price variances, reducing wastage, enforcing portion control, and minimizing operational leakage.

  • Prepare performance analysis packs for venue leadership, evaluating sales mix, margins, labor, overheads, and offering actionable insights.

  • Enhance working capital management across venues through vendor reconciliations, payment scheduling, and procurement controls.

  • Ensure compliance with internal policies and audit requirements, maintaining documentation standards and coordinating audit processes.

About mdlbeast

mdlbeast is a dynamic company at the forefront of the entertainment and hospitality industry, known for its commitment to excellence and innovative experiences across its venues. Join our team to be part of a vibrant environment where creativity and finance converge.

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