Cost Analyst

Cost Control (Financial) | Reef Group

Position Title: Cost Control (Financial)

Location: Riyadh, Saudi Arabia

Job Type: Full-Time

About the Role:

Reef Group is seeking a detail-oriented and analytical Stock Control Specialist to manage and optimize inventory operations across warehouses, retail branches, and e-commerce channels within the perfume retail sector.

This role plays a critical part in ensuring inventory accuracy, availability, and efficiency by monitoring stock movements, analyzing data, and supporting decision-making through advanced reporting using Power BI and Excel .

Key Responsibilities:

Inventory Monitoring & Control

• Monitor daily stock balances across warehouses and retail branches.
• Ensure accurate recording of all stock movements (receiving, transfers, returns, damages).
• Maintain optimal stock levels to prevent shortages or overstock situations.
• Track slow-moving and fast-moving perfume items and provide actionable insights.

Warehouse & Receiving Operations

• Ensure proper barcode labeling and SKU identification for all products.
• Monitor storage conditions and handling of fragile perfume items.
• Ensure damaged or leaking items are accurately recorded and properly isolated.

Retail Replenishment & Distribution

• Coordinate stock transfers between branches to ensure balanced availability.
• Ensure all stock movements and transactions across branches are correctly recorded in the system.

Physical Stock & Accuracy Control

• Conduct regular cycle counts and participate in annual stock counts.
• Investigate stock variances and identify root causes of discrepancies.
• Implement shrinkage prevention measures in warehouses and retail stores.
• Ensure testers and promotional items are properly controlled and recorded.

E-commerce & Omnichannel Stock Control

• Monitor stock allocation for online orders and fulfillment centers.
• Ensure synchronization between system stock levels and physical inventory.
• Prevent overselling by maintaining accurate and up-to-date stock data.

Required Qualifications:

Education

• Bachelor’s degree in Accounting, Finance, Data Analytics, Business Administration, or a related field.

Experience

• Minimum of 5 years’ experience in retail inventory control or warehouse operations.
• Experience in perfumes, cosmetics, FMCG, or luxury retail is highly preferred.

Technical & Professional Skills

• Experience using ERP systems (ERP 365 or similar retail inventory systems).
• Strong understanding of warehouse operations and replenishment planning.
• Advanced Excel skills and reporting capabilities.
• Proficiency in Power BI for inventory analysis and dashboards.
• Strong analytical, organizational, and problem-solving skills.

Why Join Us?

At Reef Group, you’ll be part of a fast-growing retail environment where data-driven decisions, operational excellence, and continuous improvement are valued. This role offers the opportunity to make a direct impact on inventory performance and support the growth of premium perfume brands across multiple channels.