Cost Accountant

About the role

The Cost Accountant is responsible for monitoring, analyzing, and reporting the company's production costs to ensure accurate costing, inventory valuation, and financial reporting. The position works closely with Accounting, Production, Purchasing, Warehouse, and Operations to identify cost variances, improve cost control, and support management in decision-making.

Key responsibilities

• Collect, analyze and reconcile all product cost elements including materials, labor, utilities and manufacturing overhead in terms of rates and utilization in line with the preparation of accurate product cost of items produced by the company
• Prepare the Cost of Good Manufactured Report, Variance Analysis Reports and other related product cost schedules
• Conduct and reconcile physical count inventory and prepare month-end inventory balance report and other related schedules
• Monitor and analyze inventory movement in line with product costing
• Analyze and evaluate periodically the standard product costs and recommend for updates, if deemed necessary
• Evaluate and improve the cost accounting system in order to capture and report product costs more accurately and effectively
• Recommend improvements in process in line with cost reduction and/or efficiency, in cooperation with pertinent departments
• Prepare and present audit reports and recommendations to management
• Prepare costing of new products and/or products under development
• Conduct break-even analysis for projects

About you

• Graduate of Bachelor of Science in Accountancy or any Business related course
• At least 2-3 years of experience in cost accounting in a factory setup
• Knowledgeable in inventory, product costing, and variance analysis
• Can work with minimal supervision, meticulous
• Detail-oriented, analytical, and trustworthy
• Willing to be assigned in Quezon City