Accounting Specialist

Medi Linx Laboratory, Inc.; Makati; On-site; PHP 420,000 - 600,000; Full time

Job summary

Medi Linx Laboratory, Inc. is seeking an Accounting Specialist to monitor, analyze, and optimize operating costs across multiple hospital-based clinical laboratory sites in Makati. The role collaborates with Finance, Procurement, and Operations to ensure accurate cost allocations and budgeting accuracy.

The candidate will perform variance analyses, assist in budget preparation, and consolidate site-level expense reports, supporting efficient resource allocation and internal controls.

Qualifications

• Bachelor's degree in Accounting or related business field.
• 3–5 years of experience in Cost/Management/General Accounting with cost focus.
• Onsite work in Makati City; field visits to hospital lab sites may be required during month-end closing.

Responsibilities

• Monitor, analyze, and evaluate operational costs across hospital-based clinical laboratory sites.
• Prepare and maintain cost allocation schedules to appropriately classify expenses by site and cost center.
• Conduct cost variance analysis against budgets and targets; recommend optimization actions.

Skills

Cost accounting

Financial analysis

Budgeting

Education

Bachelor's degree in Accountancy

Job description

The Accounting Specialist is responsible for monitoring, analyzing, and evaluating operational costs and financial performance across the Company's various hospital-based clinical laboratory sites.

The role works closely with Finance and Accounting, Clinical Laboratory Operations, Laboratory Managers, Procurement, Supply Chain, and other internal stakeholders to analyze site-level operating expenses, monitor cost drivers, identify financial variances, and recommend opportunities for cost optimization.

KEY RESPONSIBILITIES:

• Monitor and analyze inventory-related costs, including laboratory reagents and consumables, purchasing trends, material consumption, wastage, and expiration, in coordination with Procurement and Supply Chain.Monitor, analyze, and evaluate operational costs across various hospital-based clinical laboratory sites, covering direct and indirect expenses, including laboratory supplies, reagents, consumables, manpower, utilities, rentals, and equipment maintenance.

• Prepare and maintain cost allocation schedules, ensuring accurate classification and allocation of expenses to the appropriate laboratory sites and cost centers.

• Conduct cost variance analysis by comparing actual expenditures against approved budgets, historical costs, and financial targets; identify significant variances and recommend appropriate cost optimization measures.

• Assist in annual budget preparation, financial forecasting, and expense monitoring by coordinating with Laboratory Managers and Clinical Laboratory Operations to consolidate site-level budget requirements and projected expenditures.

• Consolidate and validate operational expense reports from various laboratory sites, ensuring completeness, accuracy, proper documentation, and alignment with approved budgets and financial policies.

• Prepare monthly cost analysis reports, budget utilization summaries, site-level expense reports, and financial presentations highlighting cost trends, variances, and opportunities for operational efficiency.

• Coordinate with Clinical Laboratory Operations, Laboratory Managers, Procurement, Supply Chain, and other stakeholders to review cost-related concerns, validate expenses, and support effective resource allocation and cost management initiatives.

• Support month-end and year-end closing activities such as inventory, expense reconciliation, accrual monitoring, internal and external audits, and compliance with established accounting policies and internal control procedures.

QUALIFICATIONS:

• Bachelor's Degree in Accountancy, Management Accounting, Financial Management, or any related business course.

• At least 3–5 years of relevant experience in Cost Accounting, Management Accounting, or General Accounting with significant exposure to cost accounting and expense monitoring.

• Amenable to work 100% onsite in Makati City, with flexibility to conduct field visits to various hospital laboratory sites as required, particularly during month-end closing and physical inventory activities.