Costing and Budgeting Section Head - Retail | Saudi Arabia
On-siteRiyadh, Riyadh Region, Saudi Arabia
Job Summary
Lead end-to-end costing for all stock-keeping units, including raw materials, packaging, logistics, warehousing, and import-related costs. Analyze cost variances between actual and standard, provide root-cause analysis for margin changes, and drive the annual budgeting process covering profit and loss, balance sheet, and cash flow. Prepare monthly rolling forecasts incorporating seasonality, promotions, and new launch cycles while monitoring category-wise gross margins and recommending pricing strategies. Track promotional spending against budget, measure return on investment, and analyze individual location profit and loss statements. Oversee inventory valuation, lead periodic physical counts, reconcile discrepancies, and present monthly budget versus actual reports to operations and senior management. Mentor a small team of cost analysts and budget coordinators while driving automation in budget consolidation.
Required Qualifications
- 8+ years of experience in costing and budgeting or management accounting
- At least 2 to 3 years in a supervisory or section head role
- Bachelor's degree in accounting, finance, or business administration
- Resilience under month-end closing and budget season pressure
Desired Qualifications
- Professional Certifications including CMA, CIMA, CPA, FP&A, or supply chain costing are a plus
- Experience across fast-moving consumer goods, food and beverage, cosmetics, or beauty retail sectors
- Proven experience with retail profit and loss components including location expenses and promotional accounting
- Experience with budgeting tools and business intelligence platforms
- Familiarity with enterprise resource planning systems in finance and controlling modules
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