Cost Accountant

Cyclic Materials; Toronto; On-site; CAD 65,000 - 85,000; Full time

Benefits offered by this job

Health and dental coverage

RRSP (Canada) / 401K (USA)

Generous paid time off

Job summary

Cyclic Materials is seeking a hands-on Cost Accountant to strengthen cost visibility, inventory integrity, and financial decision-making across our Canadian and US manufacturing operations. You will own core cost-accounting processes, partner with Operations and Supply Chain, and turn production data into practical insights that improve margins, working capital, and operational performance.

This role suits a manufacturing finance professional who thrives on floor-to-finance collaboration and

Qualifications

• Bachelor's degree in accounting, finance, business, or a related discipline; CMA strongly preferred.

Responsibilities

• Maintain standard costing systems and variances.
• Lead month-end close and inventory valuation.
• Develop profitability analysis for products and customers.
• Collaborate with operations and finance for budgeting/forecasting.

Skills

Cost accounting

Variance analysis

Excel advanced

Financial reporting

Analytical thinking

Communication skills

Education

Bachelor's degree in accounting/finance/business

Tools

Microsoft Dynamics Business Central

Job description

Cyclic Materials is building a resilient circular supply chain for rare earth elements and other critical materials. Through our fully integrated proprietary technology platform, we recover rare earths from end-of-life products and transform them into high-purity materials used to produce new permanent magnets. These magnets are critical to the modern economy, underpinning AI, automotive, e-mobility, electronics, semiconductor, energy, defense, and other advanced manufacturing sectors.
Founded in 2021, Cyclic Materials has rapidly become a category leader in rare earth recovery, achieving commercial operations in less than five years. We currently operate facilities in Ontario and Arizona, with further expansion underway in South Carolina. Backed by investment accounts advised by T. Rowe Price Associates, Inc., alongside strategic investors including Microsoft, Amazon, Hitachi Ventures, BMW i Ventures, Jaguar Land Rover’s InMotion fund, Energy Impact Partners, ArcTern Ventures, and Fifth Wall, we are scaling quickly and building the industrial backbone required to meet growing global demand for a secure and sustainable supply of rare earths.
We have established an extensive and growing network of commercial partnerships with global industry leaders such as Solvay, Vattenfall, Lime, and VACUUMSCHMELZE, enabling the rapid deployment of recycled rare earth materials into real-world supply chains. Joining Cyclic Materials means tackling complex and exciting challenges at scale alongside a team committed to strong execution and measurable impact. If you are motivated by building critical infrastructure and advancing the circular economy, join us and help accelerate the growth of rare earth recycling.

The opportunity

Cyclic Materialsis building a circular supply chain for rare earth elements and other critical materials. We are seeking a hands-on Cost Accountant to strengthen cost visibility, inventory integrity, and financial decision-making across our Canadian and US manufacturing operations.

This role is ideal for a manufacturing finance professional who enjoys working close to the plant floor. You will own core cost-accounting processes, partner with Operations and Supply Chain, and turn production data into practical insights that improve margins, working capital, and operational performance.

What you will do

• Maintain and continuously improve the standard cost system for raw materials, work in process, finished goods, labour, burden, and manufacturing overhead.
• Prepare and explain monthly production variances, including purchase price, material usage, labour efficiency, yield, scrap, volume, and overhead absorption.
• Lead cost-accounting activities for month-end close, including inventory valuation, accruals, journal entries, account reconciliations, and cost-of-goods-sold analysis.
• Perform inventory reconciliations and cycle-count analysis; investigate discrepancies and support corrective actions that strengthen inventory accuracy and controls.
• Develop product, process, and customer profitability analysis to support pricing, make-versus-buy decisions, sourcing choices, and capacity planning.
• Support annual budgeting, forecasting, and periodic reforecasting for manufacturing costs, inventory, capital projects, and plant performance.
• Support capital-expenditure tracking, project cost reviews, fixed-asset accounting, and post-investment analysis in collaboration with project owners.
• Contribute to external audits, internal controls, accounting-policy compliance, and the documentation of scalable processes as the business grows.

What you bring

• Bachelor’s degree in accounting, finance, business, or a related discipline; CMA strongly preferred.
• Four to five years of progressive accounting experience in an industrial manufacturing environment, with meaningful responsibility for cost accounting and inventory.
• Strong knowledge of standard costing, manufacturing variances, inventory valuation, cost of goods sold, and month-end close.
• Hands‑on experience using Microsoft Dynamics – Business Central ERP is a definite advantage.
• Experience working with ERP and manufacturing systems; comfort extracting, reconciling, and analysing high-volume operational and financial data.
• Advanced Excel skills, including pivot tables, lookup functions, data modelling, and clear management reporting.
• Sound understanding of Canadian accounting requirements and internal‑control principles; experience with USGAAP and IFRS is an asset.
• Strong analytical judgment and the ability to move from a variance or data issue to root cause, business impact, and practical action.
• Clear communication skills and the confidence to work constructively with production, engineering, procurement, and senior finance stakeholders.
• Demonstrated attention to detail, ownership, and the ability to manage deadlines in a dynamic, scaling organization.

Highly preferred: a US or Canadian CMA designation, or active and demonstrable progress toward completing the Cost Accounting program. Equivalent combinations of relevant education and directly applicable manufacturing cost-accounting experience may be considered.

What will help you succeed

• A practical, floor-to-finance mindset: you are comfortable validating assumptions where work happens, not only in spreadsheets.
• Curiosity about manufacturing processes and the discipline to connect operational drivers with financial outcomes.
• A continuous‑improvement orientation and the ability to design controls and reporting that scale with a growing operation.
• Comfort operating with evolving systems, priorities, and processes while maintaining accuracy and accountability.
• A collaborative, service‑minded approach and genuine interest in Cyclic Materials’ circular‑economy mission.

Measures of success

• Accurate, timely standard costs and inventory valuation.
• Reliable month‑end reporting with clear variance explanations and actionable follow‑through.
• Improved inventory accuracy, controls, and visibility into cost drivers.
• Trusted partnership with plant and functional leaders.
• Scalable processes and decision‑support tools that keep pace with operational growth.

Pay Range: $65,000 CAD - $85,000 CAD

Why You Will Love Cyclic Materials

• At Cyclic Materials, we're dedicated to supporting our workforce on their unique career journey
• We offer a competitive compensation package including Health and Dental coverage, RRSP (Canada)/ 401K (USA) contributions and a generous paid time off program that lets you recharge
• We value diversity and are committed to maintaining a workplace where everyone is respected and recognized for their contributions

The base compensation offered is determined based on the successful candidate’s relevant experience, skills, and competencies and considers internal equity.

As an Equal Opportunity employer, Cyclic Materials is committed to fostering an inclusive workplace where all individuals have an opportunity to succeed. If you require accommodation at any stage of the interview process, please email [e-mail]. Applicants for roles in Canada or the United States must be authorized to work in the applicable country without current or future sponsorship from Cyclic Materials, including for an H1-B visa, F-1 visa (OPT), TN, L1-A visa, or any other non‑immigrant status.

To all applicants, your interest and effort are sincerely appreciated. While we thank everyone for their application, only those selected for an interview will be contacted.