Finance Manager - F&B Company

confidential; Jeddah; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is on the lookout for a dynamic Finance Manager to lead financial operations for a thriving coffee and restaurant business in Jeddah. This role demands expertise in financial planning, budgeting, and cost control to enhance profitability and efficiency. The ideal candidate will bring over five years of experience in financial management within the F&B or hospitality sectors, coupled with strong analytical and leadership skills. Join a forward-thinking company that values strategic financial oversight and offers a platform for impactful contributions.

Qualifications

• 5+ years of experience in financial management, preferably in F&B or hospitality.
• Strong knowledge of restaurant financial operations and cost control.

Responsibilities

• Develop and implement financial strategies to optimize revenue.
• Prepare annual budgets and financial forecasts.
• Manage internal and external audits ensuring strong controls.

Skills

Financial Planning

Budgeting

Cost Control

Restaurant Industry Accounting

ERP Systems

Advanced Excel

Analytical Skills

Communication Skills

Leadership Skills

Education

Bachelor’s degree in Finance

CMA or CPA, or CA preferred

Tools

ERP Systems

Financial Software

Advanced Excel

Job description

Job Title: Finance Manager – Coffee & Restaurant Company

Location: Jeddah, Saudi Arabia

Job Type: Full-time

Job Summary:

We are seeking an experienced Finance Manager to oversee the financial operations of our coffee and restaurant business in Jeddah. The ideal candidate will have strong expertise in financial planning, budgeting, cost control, and restaurant industry accounting to drive profitability and efficiency.

Key Responsibilities:

• Financial Planning & Analysis: Develop and implement financial strategies to optimize revenue and cost efficiency.
• Budgeting & Forecasting: Prepare annual budgets, financial forecasts, and variance analysis.
• Cost Control & Profitability: Monitor food, beverage, and operational costs, ensuring optimal cost control and pricing strategies.
• Cash Flow & Working Capital Management: Ensure smooth cash flow operations and effective capital utilization.
• Accounting & Compliance: Oversee financial reporting, tax compliance, and adherence to local regulations.
• Inventory & Procurement Financial Oversight: Work closely with procurement and operations to manage stock levels and control waste.
• Payroll & Financial Administration: Supervise payroll processing and ensure proper accounting for employee expenses.
• Financial Reporting: Prepare monthly, quarterly, and annual financial reports for senior management.
• Audit & Risk Management: Manage internal and external audits, ensuring strong internal controls.

Skills

Qualifications & Requirements:

• Bachelor’s degree in Finance, Accounting, or a related field (CMA or CPA, or CA preferred).
• 5+ years of experience in financial management, preferably in the F&B, restaurant, or hospitality industry.
• Strong knowledge of restaurant financial operations, cost control, and P&L management.
• Proficiency in ERP systems, financial software, and advanced Excel.
• Experience in Saudi tax regulations (VAT, Zakat, etc.) is a plus.
• Excellent analytical, communication, and leadership skills.