Cost Accountant, Philippines

About Symrise AG

Symrise is a global supplier of fragrances, flavourings, cosmetic active ingredients and functional ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food. Its sales of approximately € 5.0 billion in the 2024 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented in more than 100 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America. Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process.

Symrise – always inspiring more…

Cost Accountant, Philippines

The Cost Accountant will play a critical role within APAC Controlling team, overseeing material master maintenance, cost roll-up processes and variance analysis across manufacturing operations. This position requires a detail-oriented individual and analytical professional who can collaborate effectively across departments to ensure cost accuracy, process efficiency and compliance. In close partnership with the Supply Chain team, you will manage costing and inventory related tasks while contributing to monthly reporting, system enhancements and continuous process improvements. This role offers a valuable opportunity to gain hands-on experience in the full cycle of product costing within a manufacturing environment, develop specialized expertise in Free Trade Agreement (FTA) compliance and grow within a dynamic organization with strong prospects for career advancement.

The Position:

• Manage material master setup and ensure the accuracy of cost releases for new products. Conduct periodic checks to verify the correctness of setups
• Oversee the cost roll-up process, ensuring accurate cost calculations for all relevant products. Provide detailed analysis related to the cost roll-up process
• Manage monthly process order settlement and collaborate closely with the supply chain team to investigate any unusual variances or setup issues. Ensure proper analysis is conducted on these variances.
• Perform monthly manufacturing variance analysis, identifying discrepancies between actual and standard costs and recommending corrective actions.
• Support the compilation and analysis of half-yearly manufacturing rates, ensuring data is accurate and up to date
• Extract various reports to facilitate the preparation of monthly financial reports, ensuring completeness and accuracy
• Ensure compliance and completeness of monthly inventory-related analyses, including inventory adjustments, SRMS analysis and third-party inventory reconciliation confirmation
• Assist in the annual stock take and cycle count activities for Singapore operations, ensuring accuracy and timely reporting
• Support Free Trade Agreement (FTA) matters including renewals, responding to internal queries and ensuring compliance for Singapore operations
• Actively participate in system enhancement projects, providing insights and support for improvements in cost accounting processes.
• Handle ad-hoc requests such as providing top 10 product analysis or other specific data-related tasks.

The Ideal Candidate:

• Bachelor's Degree in Accountancy or related field with at least 3-4 years of accounting experience, preferably within a manufacturing environment
• Proficient in SAP and MS Office with an ability to analyse and interpret data effectively
• Strong team player with excellent communication skills
• Possesses a positive attitude with the ability to work independently and handle multiple tasks with minimal supervision
• Excellent verbal and written communication skills
• Strong attention to detail and accuracy
• Strong analytical skills and problem solving ability
• Ability to work effectively in a collaborative, team-oriented environment

Job Reference: AP00806