About the job
The Costing Assistant Manager is pivotal in establishing and sustaining a robust Activity-Based Costing (ABC) framework for MDLBEAST's various operations, including events, venues and hospitality, as well as music and label activities. This role emphasizes profitability analysis, cost optimization, and facilitating commercial decision-making through precise and transparent cost insights.
Key Responsibilities:
• Develop and manage an ABC model, defining cost pools, activity drivers, allocation logic, and governance.
• Create a standardized cost structure across key functions (production, venue/hospitality, music/label operations) to ensure uniform margin reporting.
• Build libraries for cost drivers and establish data collection protocols (labor hours, equipment usage, headcount, venue utilization, marketing activities, distribution services, etc.).
• Oversee cost allocation processes (overheads, shared services, operational support costs) ensuring transparency, an audit trail, and periodic validation.
• Generate profitability and unit economics reports (per event/project, per release/artist/product).
• Identify and assess cost optimization opportunities (supplier savings, process efficiency, waste reduction, and policy enforcement) and monitor benefits.
• For food and beverage operations: manage recipe/menu costing, yield and wastage assumptions, and supplier price changes affecting COGS.
• Strengthen stock count governance and inventory valuation controls, including cycle counts, slow-moving/wastage treatments, and variance root-cause analysis.
• For music operations: assist in label/project costing by monitoring A&R expenses, production costs, marketing, distribution/service fees, and adherence to capitalization/expensing guidelines.