1.    Job summary

Responsible for the timely and accurate posting of production costs from collating allocating & analyzing monthly actual production costs . Work closely with the Accounting Head in managing the organization's cash flow, ensure liquidity status , optimize financial operations and contribute the strategic plans to maximize the use of available funds.

2.    Duties and Responsibilities

Cost Accounting:

·        Allocates Freight, duties & taxes to corresponding materials purchased

·        Monitors the following and submits monthly monitoring to Accounting Head

o   Advances to suppliers (Aging report)

o   Goods in transit

·        Submits on a timely basis the reports listed below including other related reports that maybe required:

• Cost of goods manufactured and sold
• Comparative schedules – labor/inventories/variance analysis
• Work-In-Process and Finished Goods Listings
• Prepares and submits promptly inventory listing report to BIR on the required submission date.
• Schedules and organizes the activities of verifiers during the periodic physical inventory (including count of assets) and handles issues related to the function during the actual conduct of the count.
• Analyzes variance report during MEI count, the validity of variance explanations, and the efficacy of corrective actions before posting to the system
• Checks accuracy and completeness of documents supporting purchases from Logistics warehouses and posts these in the accounting system.
• Analyzes impact of inventory adjustments in product costing
• Perform monthly cost allocation process
• Posts monthly adjustment of capacity costs, ensuring all value entries are posted to GL.
• Close the monthly costing process after the cost per item is adjusted.
• Coordinates with the cost analyst in updating cost control policies and procedures.
• Assists the cost analyst in his or her cost analysis functions and will be a backup employee when the need arises.

Financial Accounting:

·        Manages daily cash position, including forecasting and validating reconciliation of cash balances by the Accounting Clerk, ensuring sufficient funds are available to meet operational requirements.

·        Reviews Aging Analysis, of both accounts receivable and payables,

·        Performs quality control review of cash/check disbursements to ensure work complies with all related disbursement procedures and financial control policies to reduce erroneous payments, theft and fraud.

·        Coordinates with various departments, esp. Procurement and Sales, to gather and analyze cash-related data, such as accounts receivable and payables, and makes actionable recommendations maximizing liquidity and minimizing the cost of funds.

·        Collates monthly actual costs per department and send analysis on actual costs versus budget per department.

·        Responsible for Fixed Asset accounting & control

·        Recommends controls to keep track of the company's financial operations.

·        Other Responsibilities:

§ Contribute to team objectives and achievement of “BEST QUALITY ON-TIME” by supporting the Department and Company’s programs and activities.

§ Promote a work environment of partner engagement, team spirit and a healthy relationship among personnel within the department and the whole organization.

§ Live in accordance with the Corporate Values and Code of Conduct.

§ Ensure adequacy and compliance of internal control within the department and compliance to applicable government regulations.

§ Implement the Quality Management System (QMS) standards in the department and support QMS-related activities.

§ Promote a clean and safe work environment by implementing the Company’s health and safety programs.

§ Take an active part in all Company-initiated programs and activities.

§ Promote the company image by conducting all duties and responsibilities in the most ethical manner.

§ Protect the CONFIDENTIALITY of all information classified as such.

• Must be a Certified Public Accountant or its equivalent degree (MBA)
• Must have at least 3 years’ experience working it a cost accounting related position in a manufacturing company
• Experience in BIR Taxes , Financial Analysis , Budget Preparation , Liquidity Reports and Inventory
• Must have sound knowledgeable in cost accounting principles and practices, cash management controls, inventory management controls and procedures
• Proficient in MS office applications
• Focused on results and able to meet tight deadlines
• Able to communicate and work effectively with interfaces from other depts. and management
• Has good leadership skills