Industry Consumer Goods > Food & Beverage
Job functions Finance & Accounting > Cost Accountant
Languages English > Business Level
Job number JO-180613-164981

Company overview

Retail / Food and Beverage Sector

Job description

• Responsible in ensuring that inventories are reflected accurately and completely in the books and that inventory vendors are paid correctly and on time.
• Checks that costs recorded are accurate and makes the necessary revaluations, if necessary.
• Ensures that subsidiary ledgers are tallied with general ledger inventory values and reconciles any differences;
• Investigates inventory errors and books adjusting/correcting entries;
• Reviews results and verifies causes of variances from stock counts before they are booked;
• Occasionally participates in stock counts;
• Verifies requests for inventory adjustments before they are booked including witnessing disposals of damaged and expired stocks;
• Generates inventory reports and analyzes variances and unusual transactions/occurrences, if any, particularly those relating to shrinkages. Raises significant findings to Business Unit Controller and coordinates this with concerned departments e.g. Warehouse, Stores and Supply Chain Management;
• Performs margin analyses and checks on any unusual margin ratios;
• Records all valid vendor invoices related to inventories completely, timely and accurately, including booking of add-on costs. Processes payment to foreign inventory suppliers and;
• Tracks short-shipped items and coordinates with Supply Chain Management on claiming of credit notes; Also makes sure that these are applied on subsequent payments to suppliers;
• Monitors billing of landed cost allocations to affiliates;
• Helps lessen control risk in the inventory process by suggesting policies;
• Performs other functions that may be required.

Requirements

• Graduate of Bachelor of Science in Accountancy, preferably a Certified Public Accountant (CPA);

Additional information

Work Location: Libis, Quezon City
Reports to: BU Controller

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