Finance Assistant Manager - Venues

Reposted 2 Days Ago
Be an Early Applicant
Riyadh, SAU
In-Office
Senior level
Music • News + Entertainment
A HOME FOR CREATORS AND MUSIC LOVERS
The Role
The Finance Assistant Manager will oversee financial operations for venues, including revenue assurance, inventory management, cost optimization initiatives, and compliance with audit requirements.
Summary Generated by Built In
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.

Skills Required

  • Bachelor's degree in accounting
  • 7-10 years of experience in finance/accounting
  • Hands-on experience with POS controls
  • Strong understanding of inventory, COGS, menu/recipe costing
  • Professional certification such as CPA, ACCA, CMA is preferred
  • Experience with ERP and hospitality/POS systems
  • Strong knowledge of IFRS, internal controls, and audit processes
Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Riyadh
470 Employees
Year Founded: 2019

What We Do

MDLBEAST is a global music and new media platform with music culture at its core. A home for creators and music lovers. It is based at the heart of the Middle East to empower regional talent to be discovered and celebrated.

Similar Jobs

Nexthink Logo Nexthink

Contract Renewal Specialist

Artificial Intelligence • Big Data • Cloud • Information Technology • Machine Learning • Software
Remote or Hybrid
Riyadh, SAU
1200 Employees

CrowdStrike Logo CrowdStrike

Regional Sales Manager

Cloud • Computer Vision • Information Technology • Sales • Security • Cybersecurity
Remote or Hybrid
Saudi Arabia
10000 Employees

CrowdStrike Logo CrowdStrike

Regional Sales Manager

Cloud • Computer Vision • Information Technology • Sales • Security • Cybersecurity
Remote or Hybrid
Saudi Arabia
10000 Employees

Mastercard Logo Mastercard

Consultant

Blockchain • Fintech • Payments • Consulting • Cryptocurrency • Cybersecurity • Quantum Computing
Hybrid
Riyadh, SAU
38800 Employees

Similar Companies Hiring

TIDAL Thumbnail
Software • News + Entertainment • Mobile • Information Technology • Music • Consumer Web
New York, NY
450 Employees
Sandbox VR Thumbnail
Events • Gaming • News + Entertainment • Retail • Virtual Reality
Tsim Sha Tsui East, Kowloon
650 Employees
Hedra Thumbnail
Software • News + Entertainment • Marketing Tech • Generative AI • Enterprise Web • Digital Media • Consumer Web
San Francisco, CA
14 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account