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3M Product Costing Senior Analyst in Taguig, Philippines

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Job Description:

Person hired for the Product Costing Senior Analyst position will be responsible for providing inventory costing services to 3M subsidiaries. Currently, 3M is deploying ERP (SAP) to the subsidiaries and you would be requested to work in both SAP countries and Legacy system countries during transition period. This position will be the primary contact for all product costing-related concerns. You will report directly to Product Costing Inventory Valuation Team Lead and will liaising with relevant parties in GSC, local country finance, manufacturing and supply chain team.

Product Costing Senior Analyst responsibilities will include, but not limited to the following:

  • Perform daily product costing for new materials and ensure these will be active within the day for moderate to complex 3M subsidiaries.

  • Check and analyze master data set-up, landing conditions.

  • Investigate and analyze standard cost variance for moderate to complex 3M subsidiaries.

  • Conduct initial investigation and communicate to relevant parties the errors encountered in the costing activities.

  • Run and document costing simulations.

  • Lead annual costing activities and communicate with stakeholders.

  • Perform and document annual costing activities and ensure timely completion including marking and releasing of materials

  • Analyze and investigate SAP Product Costing Execution tickets and requests.

  • Perform the monthly re-costing activities in accordance with 3M Finance Standards.

  • Assist in the costing approval for countries migrating to SAP.

  • Conduct process related trainings and help in onboarding of new joiners.

  • Create and update SOPs, work instructions and job aids.

  • Establish an excellent working relationship with stakeholders.

  • Support other activities necessary to achieve the organization’s objectives of business transformation.

  • Ensure compliance to 3M Financial Standards, SOX and other regulations.

  • Ensure the performance meets SLA/ KPIs and continuously improve productivity and service quality.

  • Engage in ad-hoc activities such as internal/external audit, tax audit, etc.

Basic Qualifications:

  • Accounting degree and working experience in Finance and Accounting area. Solid financial accounting and internal control knowledge are required – Minimum 2 years of experience

  • Knowledge for standard costing is highly considered

  • Working knowledge of SAP

  • Experience in Shared Service Center for multi-national organization is preferred – 2 years of experience

  • CPA or equivalent qualification is preferred

  • Fluent in English


  • Flexible for new assignment and willingness to learn. For example, ability to learn Legacy System (AS/400, PeopleSoft, etc.)

  • Cross functional and cultural communication skills

  • Detailed oriented and enjoys working with operational processes

  • Highly client service and quality oriented mindset;

  • Structured approach to effectively and efficiently planning own workload

  • Team oriented person

  • Working knowledge of Microsoft Excel

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