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Senior Cost Accountant

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Date: Jun 26, 2022

Location: Malvar Batangas, PH

Company: franke

In this role, you are expected to:

SUMMARY:

Partners with various cross-functional departments within the plant and corporate office for strategic project management efforts to compute the unit cost of product from labor material and overhead costs and analyzes, monitors, and maintains inventory costs integrity on a timely basis.

ESSENTIALS:

1. Tactical and Reporting

  • Analyzes cost accounting data and assists with cycle count and physical inventories
  • Prepares and analyzes weekly, monthly, quarterly gross margin analysis by product group by customer
  • Compares actual costs to standards and analyze variances
  • Performs month-end closing activities such as detailed account analysis, reconciles sales, cost and inventory accounts by product category by customer, prepares journal entries as necessary and analyze inventory evaluation and inventory roll forward
  • Reviews and analyzes inventory and margin reports, conducts research and performs analytical studies regarding cost analyses and profitability
  • Performs monthly review of the compliance to revenue recognition policy
  • Monitors Stock Turn Over per product category and ensures performance targets related to the inventory process are adhered to
  • Monitors a system of controls, procedures and forms for the record of fixed assets
  • Records fixed assets acquisitions and dispositions in the IFS
  • Tracks company expenditures for fixed assets in comparison to investment budget and management authorizations
  • Tracks the compilation of projects/investment costs into fixed assets accounts and closed out those accounts once the related projects/investments have been completed
  • Runs the depreciation for all fixed assets and analyze the results
  • Reconciles the balance in the fixed asset subsidiary ledger to the summary level account in the general ledger
  • Reviews and updates the detailed schedule of fixed assets and accumulated depreciation (both in functional currency and Philippine peso)
  • Performs periodic investigation of the potential obsolescence of fixed assets together with asset assignees/owners
  • Conducts periodic impairment reviews for all assets and physical inventory counts
  • Looks for breakthroughs in process improvement relating to cost and fixed assets accounting. Leads change in assigned area
  • Ensures compliance to the annual statutory audit requirements and liaise external auditors and government that involve fixed assets
  • Produces timely and accurate routine management accounting reports, schedules, analysis and summaries for review of Country Manager

 

2. Administrative

  • Responsible for the financial dashboard development and maintenance
  • Supports end-to-end process performance and improvements through 5S and Lean practices
  • Works in special projects as required

We are looking for:

  • Graduate of B.S. Accountancy or any related course
  • CPA or CMA is an advantage but not required
  • With at least five to 10 years relevant experience
  • With strong analytical skills and knowledge of standard accounting and methodology
  • Proficient in MS Tools especially advanced or intermediate in MS Office Excel
  • Escalation management and detailed oriented

About Franke

Franke is a world leading provider of products and solutions for residential kitchens, professional foodservice and coffee preparation established in 40 countries. At Franke, we want to make everything we do wonderful - from what we manufacture and design, to the way we deal with our partners, customers and each other.

Franke Foodservice Systems is the world’s leading provider of kitchen equipment, supplies and a broad range of services for leading restaurant chains. Serve up wonderful moments with our foodservice Systems.

Additional information can be found at: www.franke.com