Cost Accountant

4 weeks ago


Paranaque City, Calabarzon, Philippines Tao Foods Company Inc. Full time

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Job DescriptionGovernment Mandated Benefits

13th Month Pay

Insurance Health & Wellness

HMO

Description

Cost Analysis

  • Prepare, develop, and monitor cost standards for products and services.
  • Prepare cost reports for manufacturing processes, including direct costs and indirect costs such as rent, salaries, and variable costs like labor and raw materials.
  • Assist in budget preparation and variance analysis, comparing actual costs to standard costs and recommending improvements.
  • Assist in the preparation of monthly, quarterly, and annual cost reports.

Maintain general ledger and balance sheets.

Inventory Management

  • Conduct regular inventory audits to ensure accurate data of raw materials, work-in-progress, and finished goods.
  • Monitor inventory levels, coordinating with the procurement and production teams to manage stock levels and avoid operational delays and inventory shortages.

Budgeting

  • Maintain budget within the approved limits.
  • Prepare budget forecasting and cost-control systems.
  • Monitor actual performance against the approved budget.
  • Participate in the annual budget process by providing cost projections and input for the cost-control system.

Compliance and Internal Controls

  • Ensure compliance with internal and external financial policies and industry standards.
  • Implement and maintain internal controls related to cost accounting practices.
Requirements

COMPETENCY REQUIREMENT

  • Knowledge, Skills, & Abilities
  • Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
  • Efficient preparation and timely submission of reports.
  • Ability to handle confidential information regarding financial transactions.

EDUCATIONAL / EXPERIENCE REQUIREMENTS

  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
  • Professional certifications (e.g., CMA, CPA) are a plus.
  • 3+ years of experience in cost accounting, preferably in the food manufacturing or related industry.
  • Strong understanding of cost accounting principles, inventory management, and financial reporting.
  • Proficient in Microsoft Excel, ERP systems, and financial software (e.g., SAP, Oracle, NAV, Netsuite).
  • Knowledge of food manufacturing processes and industry-specific challenges is a plus.

Financial Management, Budgeting, General Ledger, Process Improvement, Financial Analysis, Compliance, Financial Reporting

Recruiter: Tao Foods Company Inc.

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