Director, Cost Accounting

3 days ago

Ayala Alabang, National Capital Region, Philippines Allegro MicroSystems Full time ₱80,000 - ₱180,000 per year
The Allegro team is united by a clear purpose-advancing technologies that make the world safer, more efficient, and more sustainable. With over 30 years of experience in semiconductor innovation, we bring that purpose to life across every part of the business-from breakthrough product development and customer success to how we show up for each other and the communities we serve.

The Opportunity

The Cost Accounting Director is a strategic and operational leader responsible for all aspects of cost accounting across Allegro MicroSystems' global manufacturing operations. This role involves developing, implementing, and maintaining robust cost accounting systems, policies, and procedures to ensure accurate product costing, inventory valuation, and manufacturing variance analysis. The Director will provide critical financial insights to operations, engineering, and product management teams, supporting strategic decision-making, cost reduction initiatives, and profitability improvement

What You Will Do
  • Lead the development and execution of strategic cost accounting initiatives, including systems transformation, process automation, and analytics capabilities.
  • Partner with Finance leadership to align cost accounting with company strategy, profitability goals, and margin optimization.
  • Oversee policy development for product costing, inventory valuation, standard costs, and overhead absorption methodologies.
  • Understand and develop process for unique areas that impact cost accounting, e.g., Vendor Managed Inventory.
  • Provide executive-level insights into cost structures, manufacturing efficiency, and supply chain performance.
  • Drive change management, including evaluation and adoption of new technologies or ERP systems (Oracle upgrade).
  • Ensure compliance with U.S. GAAP, internal controls, and SOX requirements.
  • Align with cost accounting sr. Manager to oversee cost accounting, inventory, fixed assets and related month-end close processes for all entities worldwide.
  • Oversee cost accounting sr. Manager to ensure accurate roll-up and update of Oracle standard cost and calculation of transfer price.
  • Reviews and understand Probe/Assembly/Test variance to standards, PPV and trends.
  • Reviews and understand job lot variance, assembly yield variance, cycle time and trends.
  • Develops cost projections for COGS and COGS components.
  • Understand cost analyses and accounting entries of the cost, inventory and fixed asset teams.
  • Ensures that issues on raw material shortage in shop floor, expiration and usage rate are attended to.
  • Participates in streamlining and managing an effective cost accounting system, cost and budget analysis and review.
  • Supports adhoc projects, and other duties as assigned by the immediate head.
  • Mentor and develop cost accounting leaders and build a strong pipeline of talent.
What You Will Bring
  • Bachelor of Science in Accountancy
  • Certified Public Accountant is an advantage
  • At least 12 years of relevant work experience in Cost Accounting in a manufacturing set up
  • At least 5 years managerial experience
  • Deep knowledge of manufacturing cost accounting, inventory, and variance analysis
  • Strong track record of driving strategic projects, system implementations, and process improvements
  • Unquestionable integrity
  • Strong leadership skills
  • Excellent verbal and written communication skills
  • Excellent interpersonal skills and ability to easily relate with people in various levels of the organization.
  • Strong planning, organizational and analytical skills
  • Accuracy and attention to details
  • Takes initiative to make improvements
  • Cooperates and collaborates with colleagues
  • Acute sense of professionalism and confidentiality
  • Formulates strategy and sets clear direction
  • In-depth knowledge of entire finance and accounting functions including techniques, practices in costing, and inventory management
  • Keen on details and ability to explain them
  • Ability to establish and execute financial controls
  • Thorough knowledge of local finance and accounting practices
  • Abreast with government and industry practices
  • A firm grasp of all accounting functions
  • Ability to comply with all legal and regulatory requirement
  • Formulates strategy and sets clear direction
  • Influences, communicates and presents effectively
  • Develops financial and resource plans
  • Manages budget and allocates resources effectively
  • Ability to manage and execute tasks in a high-pressure environment
  • Assesses team success and addresses problems
  • Conducts performance reviews
  • Builds collaboration with other departments
  • Investigates problems, find solutions and make sound decision

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