Senior P2P and Cost Inventory Accountant

About the role

Cedarside Industries, Inc., a leading supplier company, is seeking a highly skilled and experienced Senior P2P and Cost Inventory Accountant to join our growing finance team. In this full-time role, you will be responsible for overseeing the end-to-end procure-to-pay (P2P) process and managing the cost accounting for our inventory and production operations in our Quezon City, Metro Manila office.

What you will be doing

Procure-to-Pay Process

1. Supervise and support the team members in the preparation, review, and issuance of vouchers and payments based on duly authorized purchase orders and/or contracts.

2. Review and verify payment requests to ensure the validity of supporting documents before approving them in the AP Module of SAP, while adhering to Procure-to-Pay policies and regulatory requirements.

3. Demonstrate intermediate proficiency in SAP systems to effectively manage and process transactions within the platform.
4. Reconcile and analyze the transactions in SAP's P2P Module. Monitor open items, collaborate with P2P users to address unrecorded or canceled transactions, and make the necessary adjustments in the system.
5. Monitor and execute P2P transaction amendments in SAP via the Document Change Request (DCR) form.
6. Perform account analysis and reconciliation of the Summary List of Purchases and Importation reports generated from the SAP System for VAT monitoring and reporting and overall compliance with the BIR and BOC.
7. Analyze P2P, cost, and inventory data to identify trends and variances and recommend measures to improve efficiency and reduce costs.

Inventory and Cost

1. Supervise and support the Cost and Inventory Accountants, and review the detailed reports and schedules related to costing and inventory, ensuring completeness and accuracy of charges and valuations, while ensuring compliance with tax and customs regulations.
2. Review the cost summary and cost sheets for accuracy and completeness, and ensure their timely submission.
3. Verify the reported inventory balance in the books by coordinating with the inventory accountants, stock controllers, and audit team to resolve any discrepancies.
4. Oversee and ensure all inventory transactions, such as conversions, reclassifications, and other adjustments, are properly authorized, approved, and accurately recorded following company policies and internal controls.
5. Collaborate with internal and external stakeholders, including Purchasing, Operations, Logistics, and Warehouse, to ensure alignment and efficient processes.
6. Monitor inventory aging and ensure completeness and accuracy of the inventory Listing for BIR submission.

What we're looking for

• Bachelor's Degree in Accountancy; CPA is an advantage.
• Minimum 5-6 years of relevant experience in Accounting and Finance, Accounts Payable & Disbursement.
• Inventory, Costing, and General Accounting, with at least 3 years in a supervisory or team lead role.
• Strong knowledge of Procure-to-Pay and Inventory and Cost processes and accounting principles.
• Proficiency in ERP Systems and Microsoft Excel.
• Strong interpersonal, leadership, and communication skills.
• Analytical, organised, and able to work independently and with cross-functional teams

What we offer

At Cedarside Industries, Inc., we are committed to providing our employees with a rewarding and supportive work environment. In addition to competitive compensation, we offer a range of benefits, including:

• Thirteenth-month pay
• Fourteenth-month pay
• Fifteenth-month pay
• Rice Subsidy
• Vacation Leave and Sick Leave (annually, unused leaves convertible to cash.)
• Maternity and Paternity Leave;
• Bereavement Leave;
• Medical and Insurance benefits;
• Issuance of company uniform; and
• Retirement/Separation Pay.

If you are interested in this exciting opportunity, we encourage you to apply now.