Cost Accountant

ENGTEK PRECISION PHILIPPINES, INC.; Cebu City; On-site; PHP 420,000 - 720,000; Full time

Job summary

ENGTEK Precision Philippines, Inc. is seeking a cost accounting specialist to monitor and optimize manufacturing costs, material usage, scrap, yield, and efficiency variances.

You will drive cost-saving initiatives and ensure accurate costing data across products and processes. Collaborating with Operations and Procurement, you will maintain standard costing, BOM and routing data, perform margin analyses, and support pricing and business-case evaluations through cost simulations.

Qualifications

• Proficiency in cost accounting practices and variance analysis.
• Ability to identify cost drivers and recommend reductions.
• Experience with BOM data and inventory controls.
• Knowledge of standard costing and margin analysis.
• Experience in cross-functional cost optimization initiatives.

Responsibilities

• Monitor and analyze manufacturing costs, material usage, scrap, yield, and efficiency variances.
• Identify cost drivers and provide recommendations to reduce production and operating costs.
• Partner with Operations and Procurement to drive cost-saving initiatives, including BOM optimization, waste reduction, and process improvement.
• Track, validate, and report cost-saving projects and performance improvements.
• Maintain and review standard costing, BOM, and routing data to ensure accuracy.
• Perform cost roll-ups and margin analysis for products, customers, and processes.
• Analyze PPV, labour and overhead absorption, manufacturing variances, and highlight abnormalities.
• Support pricing, quotation, and business case evaluation through cost simulations.
• Ensure accurate recording of inventory movements, adjustments, and valuations.
• Perform monthly inventory reconciliation, aging, slow-moving and provision assessments.
• Work with Operations to improve cycle count / stock-take accuracy and inventory discipline.
• Support initiatives to improve inventory turnover and working capital.
• Support cross-functional teams to improve operational efficiency, productivity, and waste control.
• Strengthen internal controls over inventory and production processes.
• Drive continuous improvement and best practices in costing methodology and cost monitoring.

Skills

Cost accounting

Variance analysis

Cost reduction strategies

BOM optimization

Inventory control

Process improvement

Cross-functional collaboration

Job description

Monitor and analyze manufacturing costs, material usage, scrap, yield, and efficiency variances.

Identify cost drivers and provide recommendations to reduce production and operating costs.

Partner with Operations and Procurement to drive cost-saving initiatives, including BOM optimization, waste reduction, and process improvement.

Track, validate, and report cost-saving projects and performance improvements.

Product Costing & Variance Analysis

Maintain and review standard costing, BOM, and routing data to ensure accuracy.

Perform cost roll-ups and margin analysis for products, customers, and processes.

Analyze PPV, labour and overhead absorption, manufacturing variances, and highlight abnormalities.

Support pricing, quotation, and business case evaluation through cost simulations.

Inventory Management & Controls

Ensure accurate recording of inventory movements, adjustments, and valuations.

Perform monthly inventory reconciliation, aging, slow-moving and provision assessments.

Work with Operations to improve cycle count / stock-take accuracy and inventory discipline.

Support initiatives to improve inventory turnover and working capital.

Operations & Process Improvement

Support cross-functional teams to improve operational efficiency, productivity, and waste control.

Strengthen internal controls over inventory and production processes.

Drive continuous improvement and best practices in costing methodology and cost monitoring