Cost & Financial Accountant

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.

DUTIES AND RESPONSIBILITIES

Cost Accounting:

• Allocates Freight, duties & taxes to corresponding materials purchased
• Monitors the following and submits monthly monitoring to Accounting Head
  1. Advances to suppliers (Aging report)
  2. Goods in transit
• Submits on a timely basis the reports listed below including other related reports that maybe required:
  1. Cost of goods manufactured and sold
  2. Comparative schedules – labor/inventories/variance analysis
  3. 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.

JOB SPECIFICATIONS

• 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
• 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