Cost Accounting Analyst

Job Title: Cost Accounting Analyst

Mandaluyong City | On-site | Mon-Fri

Job Summary

The Cost Accounting Analyst is responsible for analyzing product and operational costs, monitoring inventory valuation, performing variance analysis, and supporting budgeting and reporting functions. The role plays a key part in improving cost efficiency and ensuring accurate financial data to support management decision-making.

Key Responsibilities

1. Cost Analysis & Reporting

• Prepare and maintain detailed product cost sheets.
• Analyze direct materials, labor, and overhead costs.
• Perform monthly variance analysis (standard vs. actual costs).
• Provide actionable insights on cost drivers and profitability.

2. Inventory & Cost Control

• Monitor inventory valuation (FIFO / Weighted Average).
• Reconcile inventory accounts and investigate discrepancies.
• Assist in conducting physical inventory counts.
• Review slow-moving and obsolete inventory and recommend provisions.

3. Budgeting & Forecasting

• Assist in annual budget preparation and quarterly forecasts.
• Monitor budget performance and analyze variances.
• Support cost planning initiatives and financial modeling.

4. Month-End Closing

• Prepare journal entries related to cost and inventory.
• Assist in monthly financial closing processes.
• Ensure accuracy of cost allocations and overhead absorption.

5. Compliance & Internal Controls

• Ensure adherence to company policies and Philippine accounting standards.
• Support internal and external audit requirements.
• Maintain proper documentation of cost records and analyses.

Qualifications

• Bachelor's degree in Accountancy, Finance, or related field.
• CPA preferred but not required.
• 2–5 years of experience in cost accounting or financial analysis.
• Experience in manufacturing, retail, or distribution is an advantage.
• Strong knowledge of standard costing and variance analysis.
• Proficiency in ERP systems (SAP, Oracle, or similar).
• Advanced Microsoft Excel skills.

Key Competencies

• Strong analytical and critical thinking skills
• Attention to detail and high level of accuracy
• Strong communication and reporting skills
• Ability to work under deadlines
• Collaborative team player