Cost Standards Section Head

6 days ago

Makati, Philippines RCBC Full time

RCBC Makati, National Capital Region, Philippines Cost Standards Section Head Job Summary Oversee the tasks of the section in performing transaction costing, cost‑benefit analysis, and profitability analysis of new and existing products and services of the Bank, assessing and evaluating the cost and profitability analysis related to product development and enhancement, and opening and tallying of projects subject to sealed biddings. Facilitate the development, implementation, and improvements in the bank‑wide Risk Adjusted Profitability Measurement (RAPM) report, including the related Cost Allocation and Revenue Sharing exercise. How will you contribute? Plan and organize the year‑long activities of CSS regarding the establishment of product or service cost and conduct of cost‑benefit or profitability studies. Assign product costing and cost‑benefit or profitability analysis projects to the Cost Analysts and determine the direction and thrust of the projects based on priority level. Conduct Independent Product Costing and/or Profitability Study. Assess or evaluate the Costing or Profitability Analysis made by product managers or other business units. Facilitate the development, implementation, and improvements for the bank‑wide RAPM, Cost Allocation, and Revenue Sharing report. Lead the opening and tallying of sealed bids. Coordinate with Policy Review and Development Section and other concerned units for updates and recommendations on changes in the policies and procedures related to the sealed bidding, RAPM, cost allocation, and revenue sharing frameworks of the Bank. Conduct regular meetings with the Cost Analysts to discuss the status of assignments and other work‑related matters. Maintain all reports and data to ensure they are kept up‑to‑date and protect all forms of proprietary information. What will make you successful? Graduate of a 4‑year course preferably in accounting/business administration or any equivalent. Certified Public Accountant is a plus. Knows the Bank’s business lines, organizational structure, existing business processes, and bank products and services; demonstrates a clear understanding of the Bank’s cost drivers. At least 3 years of supervisory experience in project management, banking and management accounting exposure, expertise and proficiency in cost allocation and product/service costing. Seniority level Mid‑Senior level Employment type Full‑time Job function Finance, Analyst, and Accounting/Auditing Industry Banking #J-18808-Ljbffr

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