Cost Accountant

2 weeks ago

Pasay, Philippines HMD Hermada HR Solutions Corporation Full time

Cost Accountant

Location: Pasay City, Metro Manila
Industry: Trading
Employment Type: Full time
Salary: ₱25,000 – ₱30,000 per month

About the Role:
We are seeking a Cost Accountant to join our client’s team in Pasay City. This position is well-suited for an experienced professional who has a strong background in cost accounting and is detail-oriented, organized, and capable of managing multiple financial tasks with accuracy. The position will be responsible for handling costing and pricing of the products. He/she will ensure compliance with accounting standards, and supporting overall business operations through accurate reporting.

Key responsibilities:
Cost Analysis & Reporting:
- Analyze manufacturing, production, and operational costs to identify trends, inefficiencies, and cost-saving opportunities.
- Prepare and present detailed cost reports to management, including standard costs, actual costs, and variances.
- Assist in month-end and year-end closing processes related to inventory and cost accounting.

Inventory Management:
- Monitor inventory levels and reconcile physical counts with system records.
- Ensure accurate valuation of inventory (FIFO, LIFO, weighted average) and review slow-moving or obsolete inventory.
- Work closely with procurement and operations teams to maintain accurate cost data.

Budgeting & Forecasting:
- Assist in the preparation of annual budgets and periodic forecasts.
- Compare actual costs against budgeted/forecasted costs and analyze discrepancies.

Process Improvement:
- Identify opportunities to streamline cost accounting processes and improve financial controls.
- Support the implementation of ERP or cost accounting system enhancements.

Compliance & Auditing:
- Ensure compliance with GAAP (or relevant accounting standards) and company policies.
- Assist with internal and external audits related to cost accounting and inventory.

Cross-Functional Collaboration:
- Work closely with production, supply chain, and finance teams to gather cost-related data.
- Provide financial insights to support pricing strategies and operational decisions.

Qualifications:
• Bachelor’s degree in Accounting, Finance, or related field (preferred).
• At least 1–2 years of experience in cost accounting or general accounting.
• Strong knowledge of cost accounting principles and practices.
• Excellent MS Excel and general computer skills.
• Strong attention to detail and high level of accuracy.
• Ability to work independently with minimal supervision.
• Good organizational and time management skills.

Compensation and Benefits:
• Competitive salary package
• Opportunities for career growth
• Supportive and collaborative work environment
• Government Mandated

About Us:
HMD Hermada HR Solutions Corporation is a premier Talent Acquisition firm connecting businesses with top talent across industries. We help companies build high-performing teams while empowering candidates to reach their full potential through the right career opportunities.

HMD Hermada HR Solutions Corporation — Empowering Talent. Enabling Teams. Elevating Businesses. #TheGoldStandard

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