Cost Accountant
The Hershey Company
- Makati City, Metro Manila
- Permanent
- Full-time
- After material master, Bill of Materials, and routings are complete, review for accuracy and completeness.
- Determine the accurate cost, compare to Gate 3 costing expectations/margins, send applicable notifications if significantly different, and send to plants for approval.
- Mark & Release new items.
- Responsible for the comprehensive timely preparation and certification of accounts using Hershey system, i.e. Blackline System.
- Review and reconcile the balance sheet accounts with reference to the Balance Sheet Policy.
- Identify issues, coordinating with the account owners, analyzing the root causes, and determining the next steps that will lead to the resolution of those issues.
- Is expected to work closely with internal Business Partners and provide support and analyses to address their accounting-related concerns.
- Analyze discrepancies associated with scheduled cost runs.
- Explain standard costing errors and differences throughout the month and provide necessary written explanation for quantitative impact to the P&L generated from standards changes.
- Participate in Supply Chain planning process for standard costing.
- Assist in efforts to improve efficiency and accuracy of standard costing.
- Work with global teams to ensure standard costing is accurate and troubleshoot issues.
- Participate in annual standards review process where usages and scrap factors are reviewed.
- Assist with analyzing of standards change and processing standards changes.
- Troubleshooting issues with collective orders, routings, or BOMs.
- Adding new lines for changes to production, packaging flow thru errors, etc.
- It is the responsibility of the Cost Accountant to ensure that KPIs and SLAs are met or exceeded.
- Ensure that preventive and necessary actions are in place, in case metrics are not met.
- Responsible in driving major work process changes that would significantly improve the effectiveness and efficiency of the process, which can either be quick wins or projects.
- Others related ad hoc roles that may be assigned with alignment with the Cost Accountant.
- Proficient understanding of US GAAP and local GAAP
- Knowledge and experienced application of manufacturing cost standards
- Plant operational experience
- Basic knowledge of SAP
- Strong Computer/Data Base Knowledge (Alteryx, Business Warehouse and Microsoft Office Package preferred
- Strong Oral and Written Communication Skills
- Good Interpersonal Communication Skills
- Collaboration Skills
- Attention to Details
- Ability to plan, organize and seek change
- Strong Analytical and Problem Solving Skills
- Proactive and works with minimum supervision
- Project Management Skills and ability to prioritize
- Continuous Improvement mindset
- Candidates MUST have at least 3 years' direct experience in product Cost Accounting.
- Candidates MUST have excellent verbal and written English communication skills
- Candidates MUST have experience in Bill of Materials Routing
- Candidates with experience in managing at least 100-line items in the system is highly preferred
- Candidates from Consumer Goods, Consumer Electronics, and Pharmaceutical companies are HIGHLY PREFERRED
- Amenable to a shifting schedule of morning shift (7:30 am to 4:30 pm) and mid shift (3:00 pm to 12 midnight)