Management Accountant - Jeddah Jeddah, Saudi Arabia

Management Accountant - Jeddah

Jeddah, Saudi Arabia

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Job Openings Management Accountant - Jeddah

About The Job Management Accountant - Jeddah

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
  
  

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