Management Accountant Jeddah
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Job Location:
Jeddah - Saudi Arabia
Monthly Salary:
Not Disclosed
Posted on:
8 hours ago
Vacancies:
1 Vacancy
Job Summary
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
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Prepare monthly management accounts including P&L balance sheet and variance analysis
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Analyze food beverage and operating costs against budgets and standards
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Provide actionable insights on margins wastage yield and cost variances
Cost Control & Inventory Management
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Monitor and analyze food and beverage costs recipe costing and portion control
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Review inventory levels stock movements shrinkage and wastage
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Support physical stock counts and reconcile variances
Budgeting & Forecasting
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Prepare annual budgets and rolling forecasts in collaboration with operations teams
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Track actual performance versus budget and provide corrective recommendations
Business & Operational Support
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Partner with operations procurement and production teams to improve cost efficiency
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Support pricing decisions promotions and new product costings
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Evaluate supplier pricing contracts and cost-saving initiatives
Internal Controls & Compliance
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Ensure adherence to financial policies procedures and internal controls
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Support audit processes and ensure accurate documentation
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Ensure compliance with local tax VAT and regulatory requirements
Systems & Process Improvement
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Improve financial processes reporting tools and cost tracking systems
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Support ERP POS and inventory system integration and reporting
Key Requirements
Education & Experience
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Bachelors degree in Accounting Finance or related field
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36 years of management accounting experience preferably in F&B hospitality or manufacturing
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Experience with cost accounting and inventory-driven businesses
Skills & Competencies
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Strong analytical and financial modeling skills
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Solid understanding of food costing margin analysis and inventory controls
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High attention to detail with strong business acumen
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Ability to work cross-functionally with non-finance teams
Key Skills
- Accounting Software
- Account Analysis
- QuickBooks
- Accounting
- IFRS
- Asset Management
- Business Management
- Cash Management
- Sage
- Microsoft Excel
- E-Commerce
- Systems Analysis
