Inventory & Cost Accounting Analyst

Accountabilities

A. Inventory Record Accuracy


Ensures that all inventory transactions are completely recorded in the system such as purchases,

Return to Vendor, disposal/damages, and other inventory adjustments.


Ensure the accuracy of inventory records, including reconciliation of data between financial

system and operation's system.


Ensures that necessary copies of rtvs, Merchandise Disposal Slip (mds) and sales summary

reports are distributed to concerned parties monthly.


Implements an effective filing system of all records to facilitate swift retrieval of documents when

needed.


Assists in month-end and year-end closing.


Assist in the preparation of financial reports related to inventory and costs (e.g., cost of goods

sold (cogs), margin analysis).


Prepares regular inventory listings, especially year-end inventory list for submission to the bir.

B. Cost Accounting Efficiency and Accuracy


Counterchecks debit/credit memo and endorses approval by superior and submits to

accounts payable.


Counterchecks accuracy of consignment/concessionaire sales report, if applicable.


Counterchecks accuracy of cost for mts, rtv, dms, Pilfered items and other inventory

transactions.


Coordinate with the other departments if there's a need for cost validation.

C. Others


Operates selected equipment used by the department such as laptops, printers, etc. in an

efficient and safe manner.


Participates in periodic and annual cyclic count of inventory in the store/warehouse when

necessary and as directed by the superiors.


Identify areas for improvement in inventory management and cost accounting processes and

recommend and implement corrective actions to enhance efficiency and accuracy.


Performs other related duties as may be assigned either in support of divisional goal attainment

or for own personal or professional training, education and development as planned by the

superior.

IV. Critical Challenges


Accuracy of data entered in the system.


Timeliness and accuracy of various cost accounting & inventory reports.


Handling employee conflict, motivating and uplifting their morale.

• Minimum Qualifications: Education / Professional Experience
  

Bachelor's degree in accountancy


With at least 1-2 years' experience in accounting, preferably with

involvement in inventory accounting in a food industry


Knowledge/Skills/Abilities


Attentive to details


With excellent analytical skills


With adequate communication and interpersonal skills
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Strong time management skills
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Integrity, with an ability to handle confidential information.


Practical knowledge of MS Office operations specifically Excel, Word and PPT.


Willing to report for work onsite


Willing to be assigned to Makati City – Head Office.

Strong analytical and planning skills;
- Good communication and presentation skills;
- Excellent problem-solving skills;

Royal Duty Free continues to be a pioneer in duty-free retailing within the Subic Freeport Economic Zone, just two hours north of Metro Manila. We are focused on Quality for All. Royal is a part of the Rustan's Group of Companies, the leading premium and luxury retailer in the Philippines, which includes Rustan's Department Store, Rustan's Coffee (including Starbucks Philippines), and over 100 luxury and specialty brands under Stores Specialists Inc. Royal Duty Free has been and continues to be a major destination in Subic with two locations catering to locals as well as tourists, both domestic and international. The stores provide a wide range of grocery, household, and personal care products including pantry favorites, leading liquor brands, beauty, baby, and pet care products all under one roof. We offer fresh food, frozen products, and dairy items. We also carry selected clothing, shoes, and accessories; premier brands such as Lacoste are also available. Our best-selling home items include linen, bedding, and towels, as well as electronics.