Finance Assistant Manager - Venues

MDLBEAST; Riyadh; On-site; SAR 167,400 - 279,000; Full time

Job summary

A leading venue management company in Riyadh is seeking an experienced Finance Assistant Manager. The ideal candidate will oversee financial operations, ensure revenue assurance, and manage inventory within the venues. Applicants should have a bachelor's degree in accounting and 7-10 years of finance experience, particularly in hospitality. Strong knowledge of POS systems and advanced Excel skills are essential for this role, which offers a dynamic working environment focused on financial excellence.

Qualifications

• 7–10 years of experience in finance/accounting with strong exposure to hospitality/venues.
• Hands-on experience with POS controls and daily sales reconciliation.
• Strong understanding of inventory, COGS, and margin drivers in hospitality.

Responsibilities

• Lead daily/weekly revenue assurance including POS reconciliation.
• Oversee inventory and COGS governance.
• Build and maintain cost structures for venues.
• Manage transfer pricing and intercompany recharges.
• Support monthly and year-end closing activities.
• Drive cost optimization initiatives.
• Prepare performance packs for venue leadership.
• Strengthen working capital across venues.
• Ensure compliance with internal policies and audit requirements.

Skills

Financial analysis

POS systems

Revenue assurance

Inventory management

Cost optimization

Education

Bachelor's degree in accounting

Tools

ERP 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 will include (but not limited to):

• 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.

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&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.