Costing and Budgeting Section Head - Retail

Client of Rawaj Company for Recruitment

RiyadhFull-time

8–13 years of experience

4 months ago

Job description

Key Accountabilities

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, providing root-cause analysis for margin changes
Drive the annual budgeting process covering profit and loss, balance sheet, and cash flow across all sales channels
Prepare monthly rolling forecasts incorporating seasonality, promotions, and new launch cycles
Monitor category-wise gross margins and recommend pricing strategies
Track promotional spending against budget and measure return on investment
Analyze individual location profit and loss statements, including rent, staff, occupancy, and operating costs
Oversee inventory valuation and provisioning for slow-moving or short-life items
Partner with supply chain to optimize replenishment costs and reduce write-offs
Lead periodic physical counts and reconcile costing discrepancies
Present monthly budget versus actual reports to operations and senior management with variance explanations
Support commercial teams in launch cost tracking including sampling and testers
Lead and mentor a small team of cost analysts and budget coordinators
Drive automation in budget consolidation and standard cost updates

Knowledge, Skills, and Experience

We are Looking for:

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
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
Resilience under month-end closing and budget season pressure

Job description

Key Accountabilities

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, providing root-cause analysis for margin changes
Drive the annual budgeting process covering profit and loss, balance sheet, and cash flow across all sales channels
Prepare monthly rolling forecasts incorporating seasonality, promotions, and new launch cycles
Monitor category-wise gross margins and recommend pricing strategies
Track promotional spending against budget and measure return on investment
Analyze individual location profit and loss statements, including rent, staff, occupancy, and operating costs
Oversee inventory valuation and provisioning for slow-moving or short-life items
Partner with supply chain to optimize replenishment costs and reduce write-offs
Lead periodic physical counts and reconcile costing discrepancies
Present monthly budget versus actual reports to operations and senior management with variance explanations
Support commercial teams in launch cost tracking including sampling and testers
Lead and mentor a small team of cost analysts and budget coordinators
Drive automation in budget consolidation and standard cost updates

Knowledge, Skills, and Experience

We are Looking for:

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
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
Resilience under month-end closing and budget season pressure