Finance Assistant Manager - Venues

Mdl Beast Llc.; Riyadh; On-site; SAR 180,000 - 280,000; Full time

Job summary

Mdl Beast Llc. in Riyadh is seeking a Finance Assistant Manager to oversee venue finance operations, including revenue assurance, cost control, and reporting.

The role requires strong IFRS knowledge, POS and ERP experience, and a hands-on approach to improve margins across hospitality venues such as restaurants, lounges, or hotels. You will lead daily cash reconciliations, manage intercompany recharges, and collaborate with venue leadership to provide actionable insights for cost optimization

Qualifications

• Bachelor's degree in accounting is required.
• 7–10 years of finance/accounting experience with hospitality exposure.
• Hands-on experience with POS controls and daily sales reconciliation.
• Strong knowledge of IFRS, internal controls and audit processes.
• ERP and hospitality POS systems experience; advanced Excel skills.

Responsibilities

• Lead daily and weekly revenue assurance, POS reconciliation and cash/card settlement.
• Oversee inventory, COGS governance, stock movements and variance investigations.
• Develop cost structures for venues and track contribution margins.
• Manage transfer pricing and intercompany recharges with documentation.
• Support month-end/year-end closing, journals, accruals and reporting.
• Drive cost optimization and wastage reduction across venues.
• Prepare performance packs for venue leadership with actionable insights.
• Strengthen working capital via vendor reconciliations and purchasing controls.
• Ensure policies and audits adherence and coordinate audits.

Skills

Revenue assurance

Inventory management

Cost optimization

Financial analysis

Education

Bachelor's degree in accounting

Tools

ERP systems

Hospitality POS systems

Advanced Excel

Job description

Finance Assistant Manager - Venues

We are seeking a dedicated Finance Assistnat Manager to join our team The ideal candidate will be responsible for a wide range of financial duties to ensure the smooth operation of our venues

Duties

• Lead and control daily weekly revenue assurance including POS reconciliation cash card settlement matching void discount monitoring and sales-to-bank controls
• Oversee inventory and COGS governance managing stock movements stock counts wastage controls and investigation of variances
• Build and maintain cost structures for venues providing menu recipe costing support and tracking contribution margins by product category
• Manage transfer pricing and intercompany recharges ensuring accurate documentation policy compliance and timely reconciliations to support group consolidation
• Support the finance team in monthly and year-end closing preparing reviewing journals accruals reconciliations and reporting schedules
• Drive cost optimization initiatives including supplier price variance tracking wastage reduction portion control and operational leakage reduction
• Prepare performance packs for venue leadership analyzing sales mix margins labor overheads and providing actionable insights
• Strengthen working capital across venues through vendor reconciliations payment scheduling and purchasing controls
• Ensure compliance with internal policies and audit requirements maintaining documentation standards and coordinating audits

Job requirements

Key Requirements

• Bachelor s degree in accounting
• 7 10 years of experience in finance accounting with strong exposure to hospitality venues restaurants lounges hotels or premium F amp B
• Hands-on experience with POS controls daily sales reconciliation and revenue assurance
• Strong understanding of inventory COGS menu recipe costing and margin drivers in hospitality
• Professional certification such as CPA ACCA CMA or SOCPA is preferred
• Experience with ERP and hospitality POS systems advanced Excel skills required
• Strong knowledge of IFRS internal controls and audit processes