Costing Assistant Manager

Mdl Beast Llc.; Jeddah; On-site; SAR 120,000 - 150,000; Full time

Job summary

A leading entertainment company in Jeddah seeks a Costing Assistant Manager to enhance profitability and cost optimization across diverse operations. The ideal candidate will have a bachelor's degree and 7-10 years of relevant experience, focusing on Activity-Based Costing. Responsibilities include establishing a costing model, supporting budgeting, and providing actionable insights for decision-making. Candidates should possess strong communication skills and practical experience with ERP systems, particularly SAP or Odoo.

Qualifications

• 7 - 10 years of experience in costing, management accounting, or FP&A.
• Strong practical experience in Activity-Based Costing.
• Experience with ERP and costing tools.

Responsibilities

• Design and maintain an Activity-Based Costing model.
• Build a standardized cost structure for key activities.
• Identify and track cost optimization opportunities.

Skills

Activity-Based Costing (ABC)

Cost optimization

Profitability analysis

Stakeholder management

Advanced Excel skills

Education

Bachelor’s degree in accounting or related discipline

Tools

SAP

Odoo

Job description

The Costing Assistant Manager will play a key role framework across MDLBEAST’s diverse operations, including events, venues & hospitality, and music/label activities. The role will focus on Activity-Based Costing (ABC), profitability analysis, cost optimization, and supporting commercial decision-making through accurate and transparent cost insights.

Duties

• Design, implement, and maintain an Activity-Based Costing (ABC) model, including definition of cost pools, activity drivers, allocation logic, and governance.
• Build a standardized cost structure across key activities (production, venues/hospitality operations, and music/label operations) to enable consistent margin reporting.
• Develop cost driver libraries and data collection routines (labor hours, equipment usage, headcount, venue utilization, marketing activities, distribution services, etc.).
• Own cost allocation processes (overheads, shared services, and operational support costs) and ensure transparency, audit trail, and periodic validation.
• Produce profitability and unit economics reporting (per event/project, per release/artist/product).
• Identify and quantify cost optimization opportunities (supplier savings, process efficiency, utilization improvements, waste reduction, and policy enforcement) and track benefits.
• For F&B operations: maintain and review recipe/menu costing, yield and wastage assumptions, portion control variances, and supplier price movements impacting COGS.
• For F&B operations: strengthen stock count governance and inventory valuation controls, including cycle counts, slow-moving/wastage treatment, and variance root-cause analysis.
• For music operations: support label/project costing by tracking A&R spend, production, marketing, distribution/service fees, and ensuring correct capitalization/expensing rules.
• For music operations: support profitability analysis by release/artist, including linkage of costs to revenue streams (label services, distribution, licensing) and reconciliation to statements.
• Partner with Pricing/Commercial teams to support pricing, deal evaluation, and margin improvement initiatives using ABC insights and scenario analysis.
• Support budgeting and forecasting by providing driver-based cost assumptions, standards, and sensitivity analysis; monitor actuals and provide corrective recommendations.
• Ensure costing master data quality in the ERP (cost centers, activity types, allocation keys, BOM/recipes where applicable) and document costing policies and procedures.

Qualifications and Experience

• Bachelor’s degree in accounting, industrial engineering, or a related discipline (CMA is a plus).
• 7 - 10 years of experience in costing, management accounting, or FP&A with demonstrated cost-structure building and optimization exposure.
• Strong practical experience in Activity-Based Costing (ABC): cost pools, drivers, allocations, and profitability analysis.
• Experience with ERP and costing tools (SAP / Odoo or equivalent) and advanced Excel skills; BI tools are a plus.
• Ability to partner with operations teams to capture accurate inputs (quantities, drivers, routings/recipes, service activities, and overhead consumption).
• Strong communication and stakeholder management skills, with attention to detail and a control mindset.