Cost Assurance Specialist

5 days ago

Mandaluyong City, National Capital Region, Philippines Asticom Technology Inc. Full time ₱1,200,000 - ₱2,400,000 per year

Key Responsibilities:

  1. Review and Approve Request
    . Review submitted PRs and RFPs to ensure accuracy and completeness of supporting documents (PO, DR, contract, quotations, etc). Check cost alignment with budget provisions and ensure compliance with finance policies prior to endorsement for payment.
  2. Budget Monitoring:
    Track budget utilization and monitor actual costs against approved project and operational budgets. Identify and flag any overages or misalignments for corrective action. Assist in enforcing spend discipline across cost centers.
  3. Cost Analysis:
    Conduct thorough analysis of cost items, identifying discrepancies, trends, and opportunities for improvement.
  4. Project Costing and Pricing:
    Provide assistance on the costing process for all projects and proposals, ensuring relevant data and forecast estimate or average is provided whichever is applicable.
  5. Accrual Accounting:
    Prepare and submit complete and accurate monthly expense accruals, ensuring proper matching with revenue and that they are recognized in the appropriate accounting periods.
  6. Month End Asset and Inventory Count
    Conduct asset count to ensure proper safekeeping of tools and materials. Validate count sheets, reconcile differences between system records and physical stocks, and document findings. Investigate cost variances, inventory losses, or unexplained usage. Recommend actions for resolution including material write-offs, adjustments, or internal process corrections.
  7. Process Improvement:
    Implement cost assurance process improvements to enhance efficiency and accuracy. Provide assistance to other departments to streamline cost-related processes and drive cost savings initiatives.
  8. Cross-Functional Collaboration:
    Collaborate closely with various departments including finance, sales, and operations to ensure alignment and accurate cost tracking and reporting.
  9. Audit Support:
    Serve as a key point of contact for internal and external audits related to cost assurance, providing necessary documentation and support as required.
  10. Adhoc request:
    Perform all other tasks related to costing as needed by the BU.

Role Qualifications:

  1. Bachelor's degree in Accountancy, Finance, or Business (CPA preferred)
  2. 2–4 years of relevant experience in cost assurance, budget monitoring, accounts payable, or inventory control
  3. Experience in project-based, construction, or service industries is an advantage
  4. Familiarity with RFP workflows, inventory audits, and cost monitoring tools is preferred, project costing, profitability analysis, auditing, or a related field.
  5. Strong knowledge of budgeting, cost control, and payment processes
  6. Working understanding of inventory audits and reconciliation techniques
  7. Detail-oriented with strong analytical and problem-solving skills
  8. Proficient in Excel and ERP systems (SAP or equivalent)
  9. Effective coordination and communication skills
  10. Integrity and consistency in enforcing cost control policies

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