Costing and Budgeting Section Head - Retail | Saudi Arabia

Rawaj HCM Jobs; Riyadh; On-site; SAR 250,000 - 300,000; Full time

Job summary

Rawaj HCM Jobs is seeking a dedicated Costing and Budgeting Section Head for a leading retail company in Saudi Arabia. The ideal candidate will have over 8 years of experience in costing and budgeting, along with at least 2 to 3 years in a supervisory role. Responsibilities include leading end-to-end costing processes, driving the annual budgeting process, and preparing monthly forecasts. A bachelor's degree in finance or accounting and familiarity with budgeting tools and systems is required. This role demands strong analytical skills and the ability to work under pressure.

Qualifications

• 8+ years of experience in costing and budgeting or management accounting.
• 2 to 3 years in a supervisory or section head role.
• Experience in fast-moving consumer goods, food and beverage, cosmetics, or beauty retail sectors.

Responsibilities

• Lead end-to-end costing for all stock‑keeping units.
• Drive the annual budgeting process and prepare monthly forecasts.
• Monitor category-wise gross margins and recommend pricing strategies.

Skills

Costing and budgeting

Management accounting

Supervisory skills

Financial analysis

Budgeting tools

Education

Bachelor’s degree in accounting, finance, or business administration

Professional Certifications (CMA, CIMA, CPA, FP&A)

Tools

Enterprise resource planning systems

Business intelligence platforms

Job description

We are seeking a dedicated and meticulous Costing and Budgeting Section Head for a prominent and leading retail company in Saudi Arabia, renowned for its commitment to excellence and innovation.

Key Accountabilities

• Lead end-to-end costing for all stock‑keeping units, including raw materials, packaging, logistics, warehousing, and import‑related costs
• Analyze cost variances between actual and standard, providing root‑cause analysis for margin changes
• Drive the annual budgeting process covering profit and loss, balance sheet, and cash flow across all sales channels
• Prepare monthly rolling forecasts incorporating seasonality, promotions, and new launch cycles
• Monitor category‑wise gross margins and recommend pricing strategies
• Track promotional spending against budget and measure return on investment
• Analyze individual location profit and loss statements, including rent, staff, occupancy, and operating costs
• Oversee inventory valuation and provisioning for slow‑moving or short‑life items
• Partner with supply chain to optimize replenishment costs and reduce write‑offs
• Lead periodic physical counts and reconcile costing discrepancies
• Present monthly budget versus actual reports to operations and senior management with variance explanations
• Support commercial teams in launch cost tracking including sampling and testers
• Lead and mentor a small team of cost analysts and budget coordinators
• Drive automation in budget consolidation and standard cost updates

Knowledge, Skills, and Experience

We are Looking for:

• 8+ years of experience in costing and budgeting or management accounting
• At least 2 to 3 years in a supervisory or section head role
• Bachelor’s degree in accounting, finance, or business administration
• Professional Certifications including CMA, CIMA, CPA, FP&A, or supply chain costing are a plus
• Experience across fast‑moving consumer goods, food and beverage, cosmetics, or beauty retail sectors
• Proven experience with retail profit and loss components including location expenses and promotional accounting
• Experience with budgeting tools and business intelligence platforms
• Familiarity with enterprise resource planning systems in finance and controlling modules
• Resilience under month‑end closing and budget season pressure