Management Accountant - Jeddah

Top Notch Consultancy; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading consultancy in the F&B sector seeks a Management Accountant in Jeddah, Saudi Arabia. The role involves financial reporting, cost management, and budgeting. A Bachelor's degree in Accounting or Finance and 3-6 years of relevant experience are required. Candidates should possess strong analytical skills, an understanding of food costing, and the ability to work cross-functionally. This position provides a unique opportunity to influence financial strategy in a fast-paced environment.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 3-6 years experience in management accounting, preferably in F&B or hospitality.
• Experience with cost accounting in inventory-driven businesses.

Responsibilities

• Prepare monthly management accounts including P&L and variance analysis.
• Analyze food, beverage, and operating costs against budgets.
• Support pricing decisions and evaluate supplier contracts.

Skills

Analytical and financial modeling skills

Understanding of food costing

Margin analysis

Inventory controls

Cross-functional collaboration

Education

Bachelor's degree in Accounting, Finance, or related field

3–6 years of management accounting experience

Job description

Industry: Food & Beverage (F&B)

Job Purpose

The Management Accountant is responsible for providing accurate financial analysis, cost control, and performance reporting to support operational and strategic decision-making. The role focuses on cost optimization, profitability analysis, budgeting, and financial planning within a fast-paced F&B environment.

Key Responsibilities

Financial Reporting & Analysis

• Prepare monthly management accounts, including P&L, balance sheet, and variance analysis

• Analyze food, beverage, and operating costs against budgets and standards

• Provide actionable insights on margins, wastage, yield, and cost variances

Cost Control & Inventory Management

• Monitor and analyze food and beverage costs, recipe costing, and portion control

• Review inventory levels, stock movements, shrinkage, and wastage

• Support physical stock counts and reconcile variances

Budgeting & Forecasting

• Prepare annual budgets and rolling forecasts in collaboration with operations teams

• Track actual performance versus budget and provide corrective recommendations

Business & Operational Support

• Partner with operations, procurement, and production teams to improve cost efficiency

• Support pricing decisions, promotions, and new product costings

• Evaluate supplier pricing, contracts, and cost-saving initiatives

Internal Controls & Compliance

• Ensure adherence to financial policies, procedures, and internal controls

• Support audit processes and ensure accurate documentation

• Ensure compliance with local tax, VAT, and regulatory requirements

Systems & Process Improvement

• Improve financial processes, reporting tools, and cost tracking systems

• Support ERP, POS, and inventory system integration and reporting

Key Requirements

Education & Experience

• Bachelors degree in Accounting, Finance, or related field

• 3–6 years of management accounting experience, preferably in F&B, hospitality, or manufacturing

• Experience with cost accounting and inventory-driven businesses

Skills & Competencies

• Strong analytical and financial modeling skills

• Solid understanding of food costing, margin analysis, and inventory controls

• High attention to detail with strong business acumen

• Ability to work cross-functionally with non-finance teams