وظيفة مدير مالي أول - قطاع الأغذية والمشروبات لدى Matrix Consultancy في مكة المكرمة

Job Purpose

The Finance Manager is responsible for leading the full finance and accounting function of a bakery and sweets manufacturing and sales operation in Saudi Arabia. The role carries end-to-end accountability for financial reporting, management accounting, product costing, margin analysis, cash flow management, budgeting, compliance, and internal controls across both factory production and retail/wholesale sales channels.

The position demands a finance professional who understands the specific economics of F&B manufacturing - raw material cost volatility, production yield management, product-level profitability, perishable inventory dynamics, multi-channel sales economics, and the working capital pressures inherent in a production-to-shelf business model.

This is not a bookkeeping role. The Finance Manager is expected to operate as a strategic financial partner to the business, providing the costing intelligence, margin visibility, cash discipline, and financial governance required to protect profitability and support informed decision-making at the executive level.

Client budget for the position : 13 to 15k SAR based on experience

Key Responsibilities

1. Financial Reporting & Accounting Operations

•       Lead the full accounting function including general ledger management, accounts payable, accounts receivable, bank reconciliations, and fixed asset accounting.

•       Prepare and present monthly, quarterly, and annual financial statements in compliance with IFRS and Saudi regulatory requirements.

•       Ensure timely monthly close within five working days, with accurate P&L, balance sheet, and cash flow reporting.

•       Manage the chart of accounts structure to provide clear visibility into production costs, sales revenue by channel, and overhead allocation.

•       Prepare consolidated financial reports for executive leadership with variance analysis, trend commentary, and forward-looking insights.

2. Product Costing & Margin Management

•       Own the end-to-end product costing framework for all bakery and sweets product lines, covering raw materials, direct labor, production overheads, packaging, and distribution costs.

•       Develop and maintain standard cost cards (Bill of Materials costing) for each product SKU, with regular reviews against actual production costs.

•       Conduct contribution margin analysis by product, product category, and sales channel (retail, wholesale, B2B, online) to identify profitability drivers and margin leakage.

•       Monitor and report on raw material cost movements (flour, sugar, butter, cocoa, packaging) and their impact on product margins, with proactive escalation when thresholds are breached.

•       Support pricing decisions with cost-based analysis, competitive benchmarking inputs, and scenario modeling for volume and price sensitivity.

3. Production Finance & Inventory Controls

•       Partner with the production and operations team to monitor production yields, scrap/waste rates, and batch efficiency from a financial perspective.

•       Ensure accurate inventory valuation across raw materials, work-in-progress, finished goods, and packaging materials, applying appropriate costing methods (weighted average or standard cost).

•       Govern inventory write-off and write-down processes for expired, damaged, or slow-moving stock, with clear approval protocols and financial reporting.

•       Track and report production cost variances (material usage, labor efficiency, overhead absorption) and work with operations to identify root causes and corrective actions.

•       Ensure financial controls over warehouse stock movements, inter-location transfers, and production-to-sales handoff are robust and auditable.

4. Cash Flow & Working Capital Management

•       Develop and maintain rolling cash flow forecasts covering operational receipts, supplier payments, payroll, capital expenditure, and financing obligations.

•       Manage working capital aggressively, optimizing the balance between receivables collection, inventory holding, and payables management.

•       Monitor Days Sales Outstanding (DSO), Days Payables Outstanding (DPO), and inventory turnover ratios, with clear targets and escalation triggers.

•       Manage banking relationships, facilities, and treasury operations including letters of credit for imported raw materials where applicable.

•       Ensure adequate liquidity headroom for seasonal demand fluctuations (Ramadan, Eid, national holidays) that are characteristic of bakery and sweets businesses.

5. Budgeting, Forecasting & Business Planning

•       Lead the annual budgeting process across all departments, consolidating production, sales, procurement, and overhead budgets into a unified financial plan.

•       Develop monthly rolling forecasts that reflect actual performance, market conditions, and operational adjustments.

•       Provide scenario analysis and financial modeling to support executive decisions on capacity expansion, new product launches, channel expansion, and capital investments.

•       Track and report budget performance with monthly variance analysis, highlighting key drivers and recommending corrective actions.

•       Prepare financial feasibility assessments for new product lines, new branch openings, or production capacity investments.

6. Revenue & Sales Finance

•       Establish and govern revenue recognition processes across all sales channels - retail outlets, wholesale, institutional/B2B, e-commerce, and delivery platforms.

•       Monitor sales performance by channel, region, and product category with clear revenue, margin, and volume reporting.

•       Manage accounts receivable with structured collection processes, credit terms governance, aging analysis, and bad debt provisioning.

•       Reconcile and control revenue from third-party delivery platforms, aggregator commissions, and promotional discounts.

•       Support the commercial team with financial analysis on customer profitability, volume discount structures, and trade spend effectiveness.

7. Compliance, Tax & Internal Controls

•       Ensure full compliance with Saudi tax and regulatory requirements including Zakat, VAT, withholding tax, and GOSI/social insurance obligations.

•       Prepare and file all statutory returns within prescribed deadlines, managing relationships with ZATCA and relevant regulatory bodies.

•       Design, implement, and maintain internal financial controls across procurement, production, sales, cash handling, and inventory.

•       Lead the external audit process, ensuring clean audit opinions with zero material findings.

•       Ensure compliance with SFDA (Saudi Food and Drug Authority) financial reporting requirements where applicable to food manufacturing operations.

•       Maintain segregation of duties, approval matrices, and authorization limits across all financial transactions.

8. Team Leadership & Systems

•       Build, lead, and develop the finance and accounting team including accountants, cost accountants, cashiers, and accounts clerks.

•       Establish clear roles, responsibilities, and performance expectations within the finance function.

•       Oversee the ERP/accounting system to ensure accurate configuration for F&B manufacturing requirements including BOM costing, inventory modules, and multi-location accounting.

•       Drive continuous improvement in financial processes, reporting automation, and system utilization to improve accuracy and reduce close times.

•       Ensure adequate cross-training and documentation of financial processes for operational continuity.

Qualifications & Experience

Education

•       Bachelor's degree in Accounting, Finance, or a related field.

•       Professional accounting qualification is required: CPA, CMA, ACCA, or equivalent.

•       MBA or Master's in Finance is an advantage.

Experience

•       Minimum 7 years of progressive finance and accounting experience, with at least 3 years in a finance management or senior finance role.

•       Must have direct experience in F&B manufacturing environments, specifically bakery, confectionery, sweets, or similar food production operations.

•       Demonstrated experience in product costing, BOM management, and margin analysis within a manufacturing context.

•       Strong experience in managing cash flow, working capital, and banking relationships in an operating business.

•       Experience with ERP systems in an F&B manufacturing environment (SAP, Oracle, Odoo, or equivalent).

•       Experience in the Saudi market with knowledge of ZATCA, Zakat, VAT, and Saudi labor cost structures is strongly preferred.

•       Experience with multi-location operations (factory + retail outlets) is an advantage.

Technical Competencies

•       Strong command of IFRS, with specific application to manufacturing accounting including inventory valuation, revenue recognition, and cost of goods sold.

•       Deep expertise in product costing methodologies standard costing, actual costing, variance analysis, and BOM cost management for food production.

•       Strong working knowledge of Saudi tax and regulatory framework - Zakat, VAT, withholding tax, GOSI, and ZATCA filing requirements.

•       Proficiency in ERP systems with understanding of manufacturing, inventory, and costing modules.

Language Requirements

•       Professional fluency in English is required (written and spoken).

•       Arabic language capability is strongly preferred for local regulatory interactions, banking relationships, and operational coordination.