Cost Accountant

1 day ago

Taguig, National Capital Region, Philippines Morning Star Milling Corporation Full time $60,000 - $80,000 per year

POSITION SUMMARY:

The Cost Accountant is responsible for monitoring and analyzing costs related to production, operations, and other financial activities.

ESSENTIAL JOB FUNCTIONS:

  • Establish Cost Centers and Expense Codes for each Department and/or Process Section Expenditures. This includes providing expense definition for each type of Expense Code;
  • Develop a Budget OPEX (Operating Expense) Excel Worksheet for each Cost Center;
  • Integrate the established Cost Center and Expense Codes into the QNE software;
  • Conduct monthly review of actualized expenditures versus budget and provide analysis on expense drivers, budget vs expense accuracy and others;
  • Meet with Plant Operations Leadership Team (POLT) every 1st or 2nd week of each month to present Expense Tracking for Previous Month and YTD Expense vs Budget Tracking;
  • Provide recommendations to the POLT on how to improve budgeting and expense management;
  • Monitor inventory levels, perform cost analysis related to inventory, and reconcile inventory discrepancies;
  • Lead the Plant Operations in the conduct of Annual Physical Count activities;
  • Identify and create a list of Fixed Asset Equipment, Machineries and Others;
  • Develop a CAPEX (Capital Expenditure) Procedure;
  • Ensure compliance with accounting principles, company policies, and regulatory requirements;
  • Assist with audits and provide necessary documentation;
  • Conduct Accounting Trainings; and
  • Ad hoc Tasks

JOB QUALIFICATIONS:

  • Graduate of Bachelor's degree in Accounting, Finance, or related field
  • CPA or CMA Certification is a plus
  • Proven experience as a Cost Accountant or in a similar role with a focus on cost analysis and control
  • Strong understanding of cost accounting principles and financial reporting
  • Proficiency in accounting software (e.g. QuickBooks, SAP, Oracle) and advanced Excel skills
  • Excellent analytical and problem-solving abilities
  • Strong attention to detail and accuracy
  • Effective communication skills, both written and verbal
  • Ability to work independently and as part of a team in a fast-paced environment

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