Qureos Mentor

MDLBEAST

<div>Duties for the Financial Controller will include (but not limited to):<ul><li>Oversee all accounting operations and ensure the preparation of accurate financial statements, management reports, and other financial documentation in compliance with applicable KSA regulations and internal policies.</li><li>Lead end-to-end month-end closing, including journals, accruals, prepayments, provisions, and intercompany entries.</li><li>Ensure the accuracy, completeness, and integrity of financial records and balance sheet reconciliations (banks, AR/AP, accruals, advances, fixed assets, deferred revenue, and intercompany).</li><li>Prepare monthly, quarterly, and annual financial reports and provide detailed analysis and insights to support management decision-making.</li><li>Maintain and govern accounting policies, chart of accounts structure, and reporting standards in line with IFRS and group requirements.</li><li>Manage intercompany recharges and transactions, ensure timely reconciliations and eliminations, and support consolidated reporting.</li><li>Partner with leadership to support annual budget preparation and rolling forecasts, ensuring alignment with strategic goals and operational needs.</li><li>Monitor budget implementation and perform variance analysis, identifying and addressing discrepancies, leakage, and operational inefficiencies.</li><li>Establish and enhance internal controls, segregation of duties, and approval governance to safeguard assets, ensure accurate reporting, and maintain audit-quality documentation.</li><li>Manage working capital performance by strengthening AR/AP controls, collections discipline, vendor statement reconciliations, and payment governance.</li><li>Manage cash flow planning and ensure sufficient liquidity to meet operational needs, including oversight of bank reconciliations and cash management activities.</li><li>Coordinate and manage internal and external audits, including PBC schedules, audit queries, and closure of findings with corrective action plans.</li><li>Ensure compliance with relevant KSA accounting standards and applicable tax/VAT/ZATCA requirements where relevant.</li><li>Control event financials including budgets vs actuals, profitability reporting, production cost tracking, post-event reconciliation packs, and accurate cut-off for revenues/costs; ensure correct accounting for artist deposits/advances, contract-based accruals, and settlements.</li><li>Oversee F&amp;B financial controls including POS revenue reconciliations, cash/card settlements matching, discount/void monitoring, inventory and COGS governance (stock counts, movements, wastage, costing), and membership revenue treatment where applicable.</li><li>Strengthen F&amp;B margin performance through tighter menu/recipe costing reviews, pricing vs food cost analysis, and monitoring key cost drivers (wastage, comps, staff meals, supplier price variances).</li><li>Implement and monitor controls around high-end dining and membership lounges, including redemption/benefit tracking, deposits/prepaid packages, and daily sales-to-bank reconciliation discipline.</li><li>Oversee music financials including royalty accounting and reporting, revenue recognition for licensing/sync/distribution income, artist settlements, recoupments/advances tracking, and contract governance with a strong audit trail.</li><li>Support label operations by controlling label P&amp;L (A&amp;R spend, production, marketing, distribution costs), ensuring proper capitalization/expensing rules, and tracking project profitability by release/artist.</li><li>Ensure accurate accounting for label-related revenue streams (recorded music, distribution deals, label services) and maintain reconciliations with DSP statements and distributor reports.</li><li>Lead and mentor the finance and accounting team, driving a culture of continuous improvement, discipline, and professional development, and coordinate effectively with operational stakeholders.</li></ul> 
Qualification and Experience:<ul><li>Bachelor&rsquo;s degree in accounting (Master&rsquo;s degree preferred).</li><li>10 &ndash; 12 years of professional experience in finance and accounting, with strong financial controlling exposure across multi-entity structures.</li><li>Big4 experience (Audit / Advisory) is highly preferred.</li><li>Professional certification such as CMA, CPA, ACCA, or SOCPA is highly desirable.</li><li>Strong industry experience across entertainment, hospitality/F&amp;B, and music-related businesses (royalties/labeling/licensing) is highly preferred.</li><li>Strong knowledge of IFRS, financial reporting, internal controls, and audit management.</li><li>Proficiency in Microsoft Office (advanced Excel) and ERP systems (SAP / Odoo or similar).</li></ul></div>

Financial Controller

<div>The Costing Assistant Manager will play a key role in building and maintaining a robust, driver-based costing framework across MDLBEAST&rsquo;s diverse operations, including events, venues &amp; hospitality, and music/label activities. The role will focus on Activity-Based Costing (ABC), profitability analysis, cost optimization, and supporting commercial decision-making through accurate and transparent cost insights.
Duties will include (but not limited to):<ul><li>Design, implement, and maintain an Activity-Based Costing (ABC) model, including definition of cost pools, activity drivers, allocation logic, and governance.</li><li>Build a standardized cost structure across key activities (production, venues/hospitality operations, and music/label operations) to enable consistent margin reporting.</li><li>Develop cost driver libraries and data collection routines (labor hours, equipment usage, headcount, venue utilization, marketing activities, distribution services, etc.).</li><li>Own cost allocation processes (overheads, shared services, and operational support costs) and ensure transparency, audit trail, and periodic validation.</li><li>Produce profitability and unit economics reporting (per event/project, per release/artist/product).</li><li>Identify and quantify cost optimization opportunities (supplier savings, process efficiency, utilization improvements, waste reduction, and policy enforcement) and track benefits.</li><li>For F&amp;B operations: maintain and review recipe/menu costing, yield and wastage assumptions, portion control variances, and supplier price movements impacting COGS.</li><li>For F&amp;B operations: strengthen stock count governance and inventory valuation controls, including cycle counts, slow-moving/wastage treatment, and variance root-cause analysis.</li><li>For music operations: support label/project costing by tracking A&amp;R spend, production, marketing, distribution/service fees, and ensuring correct capitalization/expensing rules.</li><li>For music operations: support profitability analysis by release/artist, including linkage of costs to revenue streams (label services, distribution, licensing) and reconciliation to statements.</li><li>Partner with Pricing/Commercial teams to support pricing, deal evaluation, and margin improvement initiatives using ABC insights and scenario analysis.</li><li>Support budgeting and forecasting by providing driver-based cost assumptions, standards, and sensitivity analysis; monitor actuals and provide corrective recommendations.</li><li>Ensure costing master data quality in the ERP (cost centers, activity types, allocation keys, BOM/recipes where applicable) and document costing policies and procedures.</li></ul> 
Qualifications and Experience:<ul><li>Bachelor&rsquo;s degree in accounting, industrial engineering, or a related discipline (CMA is a plus).</li><li>7 - 10 years of experience in costing, management accounting, or FP&amp;A with demonstrated cost-structure building and optimization exposure.</li><li>Strong practical experience in Activity-Based Costing (ABC): cost pools, drivers, allocations, and profitability analysis.</li><li>Experience with ERP and costing tools (SAP / Odoo or equivalent) and advanced Excel skills; BI tools are a plus.</li><li>Ability to partner with operations teams to capture accurate inputs (quantities, drivers, routings/recipes, service activities, and overhead consumption).</li><li>Strong communication and stakeholder management skills, with attention to detail and a control mindset.</li></ul></div>

Costing Assistant Manager

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MDLBEAST

About Company

Financial Controller

Costing Assistant Manager