Cost Accountant

Working Energy; Edmonton; On-site; CAD 70,000 - 95,000; Full time

Job summary

A leading company in manufacturing is seeking a Cost Accountant to manage key financial processes. The role involves variance analysis, budget preparation, and collaboration with various teams to identify cost-saving opportunities. Candidates should have a strong background in accounting and experience in a manufacturing environment, along with excellent analytical skills.

Benefits

Competitive salary

Profit sharing

Comprehensive benefit program

Flexible work hours after 6 months

Qualifications

• Minimum of 5 years of accounting experience.
• Proven experience in a Cost Accounting capacity.
• Recognized professional accounting designation.

Responsibilities

• Analyze actual production costs versus standard costs and prepare reports of variances.
• Prepare annual manufacturing budget and highlight variances for actioning.
• Support in maintaining compliance with internal controls.

Skills

Analytical Skills

Communication

Problem Solving

Financial Analysis

Education

Post secondary university degree in accounting

Tools

SAP

Microsoft Excel

Job description

Stream Flo Industries Ltd. is currently seeking a Cost Accountant at our head office in Edmonton, AB to play a key role in the business. As a Cost Accountant, you will have a significant role in the period-end close processes by owning assigned accounting processes, journal entries, and variance analysis. You will analyze and report on manufacturing results, review actual revenue and expense variations against standards and budgets, and follow up to address significant variances. You will also prepare balance sheet reconciliations and schedules, and explain the cost accounting activity to management.

Responsibilities:

• Analyzes actual production costs versus standard costs and prepare reports of variances and recommends process changes to address any large purchase price or manufacturing variances.
• Work closely with Engineering, Purchasing, and Production teams in planning, studying and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
• Identify areas for improvement and communicate recommendations to business leaders.
• Identify cost savings opportunities in manufacturing processes by using financial data to work with engineering, QC, operations and sales to increase efficiencies in the production process. Work with operations to provide ongoing financial support.
• Assist in the preparation of annual budget and highlight variances for actioning.
• Prepare annual manufacturing budget/quarterly forecasts, both Raw material & Plant costs.
• Conducts analysis on a weekly, monthly and quarterly basis for manufacturing and budget variance for manufacturing and labor efficiency, material usage and purchase prices.
• Oversee the inventory control function and conduct inventory analysis and valuation.
• Analyze changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
• Support in maintaining compliance with internal controls
• Assistance for audit preparations/requests
• Assist management on additional ad hoc analysis or reporting as needed and other duties as assigned

Qualifications:

• Post secondary university degree in accounting
• Minimum of 5 years of accounting experience.
• Proven experience in a Cost Accounting capacity.
• Recognized professional accounting designation.
• In-depth understanding of ASPE.
• SAP operating experience. SAP S/4 HANA experience an asset.
• Strong working knowledge of Microsoft applications and ERP systems, including Advanced MS Excel skills
• Awareness of business trends.
• Familiarity with generating and analyzing financial statements.
• Experience with general ledger functions and the month-end/year-end close process.
• Experience with business operations and accounting requirements associated with complex manufacturing environment.
• Able to travel and adjust schedule to accommodate internal calls and work, on occasion.

Work Conditions:

• Monday to Friday, 8 hour days
• Flexible work hours available after 6 months of employment

The Stream-Flo Group of Companies, consisting of Stream-Flo Industries Ltd. and Master Flo Valve Inc., are privately owned and operated Canadian manufacturers of wellhead, production gate valve and check valve equipment, as well as chokes, specialty control valves and supporting actuation. Since our inception in 1962, we have become a recognized leader for our superior technology, innovative designs and top quality products. Through continued product line development, the Stream-Flo Group has grown to be one of the largest manufacturers of our kind, offering our solutions to oil and gas regions throughout the world.

Stream-Flo offers a competitive salary, profit sharing and a comprehensive benefit program to prospective employees, as well as the opportunity to work in an entrepreneurial environment, characterized by continued growth and strong business results.

We thank all applicants for their interest, however only those candidates identified for further consideration will be contacted.