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Costing & Pricing Senior Manager

Job in Jeddah, Saudi Arabia
Listing for: MDLBEAST
Full Time position
Listed on 2025-12-17
Job specializations:
  • Finance & Banking
    Financial Analyst, Financial Manager
Salary/Wage Range or Industry Benchmark: 200000 - 300000 SAR Yearly SAR 200000.00 300000.00 YEAR
Job Description & How to Apply Below

Role Overview

MDLBEAST is redefining culture through music, events, and experiences. We are seeking a Senior Manager – Costing & Pricing to lead the design, implementation, and optimization of pricing and costing frameworks across our three key verticals:
Events, Venues (Hospitality & Restaurants), and Music
.

This role is central to ensuring profitability, competitiveness, and financial sustainability across MDLBEAST’s portfolio. The ideal candidate will bring a balance of analytical rigor, commercial acumen, and creative industry understanding to drive informed pricing decisions and efficient cost structures.

Key Responsibilities Strategy & Leadership
  • Develop and own the costing and pricing strategy across the group, aligned with business and brand objectives.

  • Partner with vertical leads (Events, Venues, Music) to ensure pricing supports growth, margin, and market positioning goals.

  • Provide financial insights to support strategic decisions, new product launches, and partnerships.

2. Costing Framework Development
  • Design activity-based costing (ABC) models and margin analyses for events, hospitality operations, and music products (albums, rights, IP).

  • Implement standardized cost allocation methodologies across business units to ensure comparability and transparency.

  • Work closely with operations, procurement, and production teams to analyze and control direct and indirect costs
    .

  • Develop and maintain unit cost databases
    , including benchmarks for F&B items, event production elements, and music catalog production costs.

3. Pricing Management
  • Build pricing models and elasticity analyses to optimize ticket pricing, sponsorship packages, venue pricing, and music IP valuations.

  • Lead competitor benchmarking and market intelligence to ensure MDLBEAST remains competitive while maintaining premium positioning.

  • Collaborate with commercial, marketing, and product teams to define pricing strategies for festivals, venue offerings, and music catalog sales.

  • Evaluate discounting strategies, dynamic pricing models
    , and promotional offers, assessing their profitability and ROI.

4. Financial Planning & Analysis
  • Support forecasting, budgeting, and variance analysis for revenue and COGS across business lines.

  • Develop profitability dashboards and KPIs to monitor performance by event, venue, artist, and product.

  • Identify and recommend cost optimization and pricing improvement initiatives to enhance EBITDA margins.

  • Partner with FP&A and data analytics teams to automate costing and pricing models for real-time decision-making.

5. Governance & Systems
  • Establish clear policies, processes, and approval matrices for pricing and costing decisions.

  • Work with finance systems and data teams to integrate costing and pricing modules into ERP or BI tools.

  • Ensure compliance with internal controls, audit standards, and financial reporting requirements.

Qualifications & Experience

  • Bachelor’s degree in Finance, Accounting, Economics, or related field (Master’s preferred).

  • Professional certifications (CMA, CPA, CFA) are a plus.

  • 10+ years of progressive experience in costing, pricing, or financial analysis
    , ideally in entertainment, hospitality, FMCG, or media industries
    .

  • Proven track record of building or managing pricing frameworks for multi-business or multi-product organizations
    .

  • Advanced Excel and financial modeling skills; familiarity with BI tools (Power BI, Tableau) and ERP systems (SAP preferred).

  • Strong commercial and strategic mindset with the ability to balance creativity and profitability.

  • Exceptional communication and stakeholder management skills, capable of partnering with creative, commercial, and operational leaders.

Key Competencies
  • Strategic Financial Thinking: Ability to translate financial data into actionable commercial insights.

  • Analytical Rigor: Data‑driven approach with comfort in scenario modeling and sensitivity analysis.

  • Collaboration: Works cross‑functionally with business heads and creative teams.

  • Innovation: Passion for integrating analytics, creativity, and technology in pricing decisions.

  • Accountability: Takes ownership of profitability outcomes across all verticals.

Success Metrics
  • Improved gross margin and profitability per business vertical.

  • Establishment of standardized costing models across all business lines within six months.

  • Implementation of dynamic pricing tools for events and venues.

  • Demonstrable ROI improvement on major festivals, venue operations, and music projects.

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Position Requirements
10+ Years work experience
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