Cost Accountant

Cyclic Materials Inc.; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

Cyclic Materials Inc. in Canada is seeking a hands-on Cost Accountant to strengthen cost visibility across our Canadian and US manufacturing operations.

You will own standard costing, variance analysis, and month-end close, partnering with Operations and Supply Chain to improve margins, working capital, and plant performance.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• Experience in cost accounting and inventory control in manufacturing.
• Strong knowledge of standard costing and month-end close processes.
• Experience with ERP systems and data extraction.

Responsibilities

• Maintain and improve the standard cost system for materials, WIP, finished goods, labour, and overhead.
• Prepare and explain monthly production variances (price, usage, labour, yield, scrap, overhead).
• Lead cost-accounting activities for month-end close, including inventory valuation, accruals, journal entries, reconciliations, and COGS.
• Perform inventory reconciliations and cycle-count analysis; investigate discrepancies and support corrective actions.
• Develop product, process, and customer profitability analysis to support pricing, make-versus-buy decisions, sourcing, and capacity planning.
• Support annual budgeting, forecasting, and reforecasting for manufacturing costs, inventory, capex, and plant performance.
• Support capital-expenditure tracking, project cost reviews, fixed-asset accounting, and post-investment analysis with project owners.
• Contribute to external audits, internal controls, accounting-policy compliance, and scalable processes.

Skills

Cost accounting

Inventory analysis

Variance analysis

Data-driven decision making

Advanced Excel

Education

Bachelor's degree in accounting, finance, or related field

CMA certification preferred

Tools

Microsoft Dynamics 365 Business Central

Job description

Cyclic Materials™ is building a resilient circular supply chain for rare earth elements and other critical materials. Through our proprietary MagCycle℠ and REEPure℠ processes, we recover rare earths from end-of-life products and transform them into high purity materials used in the production of permanent magnets. These materials are critical to the modern economy, including the production of electric vehicles, electronics, AI infrastructure, wind turbines, defense, and advanced manufacturing technologies.

Founded in 2021, Cyclic Materials has rapidly progressed from technology development to commercialization. We currently operate facilities in Ontario and Arizona, with a new expansion underway in South Carolina. Backed by US$75 million in Series C financing led by T. Rowe Price, 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 to meet growing global demand for a secure and sustainable rare earth supply.

We have established commercial partnerships with global industry leaders such as Solvay, Vattenfall, Lime, and VACUUMSCHMELZE, enabling the deployment of recycled rare earth materials into real world supply chains. In 2025, Cyclic Materials was named one of the Top 10 Climate Tech Companies to Watch by MIT Technology Review.

We are growing quickly and building the industrial backbone required for a circular rare earth economy. Joining Cyclic Materials means working on complex and exciting challenges at scale, alongside a team committed to executing and delivering 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 Materials is 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 discrepenc/ies 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.

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