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Rawaj - Human Capital Management
Costing and Budgeting Section Head - Retail | Saudi ArabiaRawaj - Human Capital Management • Riyadh, Ar Riyad, Saudi Arabia
Costing and Budgeting Section Head - Retail | Saudi Arabia

Costing and Budgeting Section Head - Retail | Saudi Arabia

Rawaj - Human Capital Management • Riyadh, Ar Riyad, Saudi Arabia
منذ أكثر من 30 يومًا
الوصف الوظيفي

We are seeking a dedicated and meticulous Costing and Budgeting Section Head for a prominent and leading retail company in Saudi Arabia, renowned for its commitment to excellence and innovation.

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
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Costing and Budgeting Section Head - Retail | Saudi Arabia • Riyadh, Ar Riyad, Saudi Arabia

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