Overview
Cost Accountant Jobs in Riyadh, Saudi Arabia at REEF GROUP | مجموعة ريف
Title: Cost Accountant
Company: REEF GROUP | مجموعة ريف
Location: Riyadh, Saudi Arabia
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.
