Associate Accounting Specialist

Dow; Hinoba-an; On-site; PHP 420,000 - 640,000; Full time

Benefits offered by this job

Base pay and bonus

Medical and life insurance

Employee stock purchase program

Wellbeing portal

Vacation allowance

Job summary

Dow Chemical International Pvt Ltd (Dow India) seeks an Associate Accounting Specialist to deliver cost accounting support and reporting across cost centers. You will ensure accurate entry of cost center expenses, budgeting, inventory valuation, and financial analysis to aid decision-making.

The role requires CMA/CA with 3-5 years of costing experience; manufacturing exposure is a plus, and SAP proficiency is desirable. A strong English communication style and team orientation are essential.

Qualifications

• Qualified CMA/CA with 3-5 years of relevant costing & accounting experience.
• Inter CA/ CMA ,M Com / B.com

Responsibilities

• Review of cost center spending to ensure accuracy and understand cost drivers.
• Review variances in spending vs budget and comparison periods with root cause analysis.
• Execute cost center allocations & recharges and analyze cost center recoveries & residuals.
• Cost center budgeting & Audit Support Product cost estimates (PCE)- ensure correct standard cost by resolving the costing errors and investigate/resolve variances (Monthly & quarterly)
• Inventory management via cycle counting- coordinate & reconciliation of physical inventory against system inventory as per frequency set by cycle counting indicators.
• Inventory management via stock take observation- physical stock count & reconciliation of physical v/s system stock
• Ensure Inventory valuation accuracy in different books like management books, tax books, Statutory books & as per lower of cost or market value principle.
• Review and identification of intercompany variances and taking corrective actions if any.

Skills

Cost accounting

Financial analysis

Business partnering

Excel

SAP

Education

CMA/CA or equivalent

Tools

SAP

Job description

About this role

As an Associate Accounting Specialist, you will be responsible for providing consistent superior cost accounting support services and reporting to stakeholders. In this role, you will ensure accounting activity recorded within the Company’s records and books are accurate and complete. You will be responsible for Cost center expenses, Cost center budgeting, Inventory valuation, reporting, analyzing, and communicating functional/business activity results. You will also assist the function/business management teams in financial analysis necessary for decision-making using in-depth conceptual and practical knowledge in accounting and basic knowledge of related finance disciplines.

Responsibilities

• Review of cost center spending to ensure accuracy and understand cost drivers.
• Review variances in spending vs budget and comparison periods with root cause analysis.
• Execute cost center allocations & recharges and analyze cost center recoveries & residuals.
• Cost center budgeting & Audit Support Product cost estimates (PCE)- ensure correct standard cost by resolving the costing errors and investigate/resolve variances (Monthly & quarterly)
• Inventory management via cycle counting- coordinate & reconciliation of physical inventory against system inventory as per frequency set by cycle counting indicators.
• Inventory management via stock take observation- physical stock count & reconciliation of physical v/s system stock
• Ensure Inventory valuation accuracy in different books like management books, tax books, Statutory books & as per lower of cost or market value principle.
• Review and identification of intercompany variances and taking corrective actions if any.

Qualifications

• Qualified CMA/CA with 3-5 years of relevant costing & accounting experience
• Inter CA/ CMA ,M Com / B.com
• Experience with Manufacturing Industry is an advantage

Preferred Skills

• Highly motivated with strong business interest and desire to act as a business partner
• Team player with proactive communication style
• Strong analytical and process improvement skills
• Fluent in English (written and verbal)
• Proficiency in Microsoft applications such as excel, word, PowerPoint & outlook.
• Proficiency with SAP will be added advantage

Additional notes

Relocation assistance is not available with this position. The ability to accommodate a flexible schedule aligned with international time zones (if required) is essential.

Benefits – What Dow offers you

• Equitable and market-competitive base pay and bonus opportunity across our global markets, along with locally relevant incentives.
• Benefits and programs to support your physical, mental, financial, and social well-being, to help you get the care you need…when you need it.
• Competitive retirement program that may include company-provided benefits, savings opportunities, financial planning, and educational resources to help you achieve your long term financial-goals.
• Employee stock purchase programs (availability varies depending on location).
• Student Debt Retirement Savings Match Program (U.S. only). Dow will take the value of monthly student debt payments and apply them as if they are contributions to the Employees’ Savings Plan (401(k)), helping employees reach the Company match.
• Robust medical and life insurance packages that offer a variety of coverage options to meet your individual needs.
• Travel insurance is also available in certain countries/locations.
• Opportunities to learn and grow through training and mentoring, work experiences, community involvement and team building.
• Workplace culture empowering role-based flexibility to maximize personal productivity and balance personal needs.
• Competitive yearly vacation allowance.
• Paid time off for new parents (birthing and non-birthing, including adoptive and foster parents).
• Paid time off to care for family members who are sick or injured.
• Paid time off to support volunteering and Employee Resource Group’s (ERG) participation.
• Wellbeing Portal for all Dow employees, our one-stop shop to promote wellbeing, empowering employees to take ownership of their entire wellbeing journey.
• On-site fitness facilities to help stay healthy and active (availability varies depending on location).
• Employee discounts for online shopping, cinema tickets, gym memberships and more.
• Additionally, some of our locations might offer: Transportation allowance (availability varies depending on location) Meal subsidiaries/vouchers (availability varies depending on location) Carbon-neutral transportation incentives e.g. bike to work (availability varies depending on location)

About Dow Chemical International Pvt Ltd

Dow Chemical International Pvt Ltd Dow Chemical International Private Limited (Dow India) aims to be the most innovative, sustainable, inclusive customer-centric materials science company. The company is committed to delivering the right solutions to its customers’ challenges. With broadest technology sets spanning performance materials, industrial intermediates, and plastics Dow India delivers differentiated science-based products and solutions in high-growth segments, such as packaging, infrastructure, automobile, and consumer care. A Great Place to Work® Certified company with approximately over 1000 employees, its operations comprise of manufacturing sites, innovation center, established centers of excellence, and commercial office. As a responsible corporate, the company supports its Corporate Social Responsibility (program) with technology expertise and employee volunteerism. Dow India works with non-profit partners towards the empowerment of differently abled, women, and children in communities where it operates. The company aims to redefine the societal blueprint, by supporting holistic sustainability and circular economy initiatives. As part of our dedication to inclusion, Dow is committed to equal opportunities in employment. We encourage every employee to bring their whole self to work each day to not only deliver more value, but also have a more fulfilling career. Further information regarding Dow's equal opportunities is available on www.dow.com. Dow is a company of more than 36,500 global innovators, believers and solutions providers. We are a diverse community marked by respect, integrity, and a desire to make the world a better place. A career at Dow is an invitation to explore, create, and make valuable contributions to human progress.