Cost & Inventory Accounting Assistant

Job Title: Cost and Inventory Accounting Assistant

Department: Accounting Department

Reports To: Inventory and Cost Accountant – Junior Manager

Location: Filoil Logistics Corporation – Head Office

The Cost and Inventory Accounting Assistant provides vital support to the Inventory and Cost Accountant – Junior Manager in ensuring the accuracy and integrity of all cost and inventory-related financial records. This role is responsible for monitoring daily inventory movements, validating pricing components, preparing gross margin analyses, and assisting in SAP postings and reconciliations. The position also contributes to tax compliance support, audit preparation, and continuous process improvement to enhance operational efficiency and financial control within Filoil Logistics Corporation.

• Track and monitor daily inventory movements, including receipts, issuances, and transfers across depots and terminals.
• Analyze cost and pricing components to support accurate computation of Gross Margin (GM).
• Record, validate, and reconcile inventory and cost transactions in SAP or relevant ERP modules.
• Assist in month-end closing activities, including standard cost updates, cost roll-ups, and preparation of inventory valuation reports.
• Reconcile inventory-related accounts (e.g., clearing, in-transit, and cost variance accounts) to ensure consistency between physical and book balances.
• Collaborate with Supply Chain, Procurement, and Depot Operations to validate stock levels and resolve discrepancies.
• Support financial, tax, and audit documentation, including preparation of BIR schedules, LGU, and BOI compliance reports.
• Maintain organized and up-to-date documentation of inventory and cost records for audit readiness and internal control purposes.
• Participate in the development of automated reports and data analysis tools to improve accuracy and timeliness of cost monitoring.
• Identify areas for cost optimization and recommend process improvements to enhance financial efficiency.

• Bachelor's Degree in Accountancy (CPA license preferred but not required).
• At least 3 years of experience in cost accounting, inventory accounting, or financial analysis, preferably within logistics, petroleum, manufacturing, or FMCG industries.
• Strong understanding of costing principles, inventory valuation methods (FIFO, weighted average), and standard costing systems.
• Hands-on experience in SAP S/4HANA or similar ERP systems, particularly in Material Management (MM), Finance (FI), and Controlling (CO) modules.
• Advanced Excel skills, including proficiency in PivotTables, VLOOKUP, XLOOKUP, INDEX-MATCH, IF, SUMIF, and data consolidation functions.
• Knowledgeable in tax compliance procedures (BIR, LGU, BOI) and related documentation.
• Strong analytical and numerical ability, with keen attention to detail and accuracy.
• Excellent time management skills; able to perform under pressure and meet tight deadlines.
• Effective communication and coordination skills; able to work well both independently and within a team.

• Cost Accounting and Variance Analysis
• Inventory Management and Reconciliation
• SAP and ERP System Transactions
• Gross Margin and Pricing Analysis
• Tax Compliance (BIR, LGU, BOI)
• Financial Audit Preparation and Documentation Control
• Data Analytics and Process Automation

• Integrity and Professionalism
• Analytical and Strategic Thinking
• Collaboration and Teamwork
• Accountability and Dependability
• Continuous Improvement Mindset

At Filoil Logistics Corporation, we value our people as our most important asset. We are committed to fostering a professional environment that supports growth, collaboration, and excellence.

We offer:

• Comprehensive HMO coverage starting Day 1 upon regularization
• Competitive compensation and performance-based incentives
• Opportunities for professional growth and career advancement
• A collaborative, inclusive, and values-driven workplace culture