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