Management Accountant - Jeddah

About the position

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