Cost Accountant

Vaco Recruiter Services; Vaughan; On-site; CAD 80,000 - 85,000; Full time

Job summary

A recruitment agency is seeking a Costing Accountant to design and implement data tracking methods, analyze variances, and support audits within a manufacturing environment. Candidates should have a Bachelor’s degree in accounting or finance, with a CPA preferred. The role requires advanced Excel skills and at least three years of experience in manufacturing costing. The salary range is $80,000 to $85,000 per year, with responsibilities including preparing transfer pricing documentation and improving accounting processes.

Qualifications

• Minimum of three years with a multi-product manufacturing standard product costing system.

Responsibilities

• Design and implement data tracking methods to determine actual costs.
• Prepare transfer pricing documentation quarterly/annually for management review.
• Analyze variances and discrepancies for various accounts, including revenue and cost of sales.
• Support the quarterly and annual external audits.

Skills

Advanced MS Excel skills

In-depth knowledge of computerized MRP systems

Knowledge of QAD 2008

Communication (Oral and Written)

Strong organizational skills

Team Player

Ability to meet deadlines

Education

Bachelor’s degree in accounting or finance

CPA preferred

Job description

About the Opportunity

• Design and implement data tracking methods to determine actual costs.
• Establish and review standard costs for all inventory items.
• Determination of appropriate overhead application.
• Member of ISO internal audit team.
• Co-ordinate cycle counts and results to improve accuracy of perpetual inventory.
• Co-ordinate annual physical inventory count.
• Analyze variances and discrepancies for various accounts, including revenue and cost of sales.
• Prepare monthly working papers and reports as required.
• Design and creation of management reports.
• Special project assignments for general improvement of accounting processes.
• Support the quarterly and annual external audits. Includes preparation and explanation of various PBC data requests.
• Prepare transfer pricing documentation quarterly/annually for management review.
• Reconcile perpetual inventory balances and resolve any variances as they progress through the facility ensuring the proper accounting treatment of inventory through the manufacturing process.
• Assist in the annual planning process for variable and fixed costs as well as the department expense budgets.
• Work with staff to understand cost variances and work toward driving total cost down.
• Partner with operations to analyze, track and report cost saving initiatives.
• Perform periodic evaluations of labor and overhead rates.
• Analyzing actual manufacturing costs and develop system to bridge estimated costs to actual costs.
• Update Standard costing.
• Provide costing info for any projects or quotes.
• Provide management with reports comparing areas affecting pricing and profitability of products.
• Maintain BOMs and pricing.
• Record cost information and submit ideas on controlling cost expenditures.
• Analyzing changes in product design including materials, labor, and machine requirements to determine effects on costs.
• Provides manufacturing with financial information and advice to improve plant performance.
• Evaluates, records, and reports plant labor, including direct labor, indirect labor, and all variances to inform plant management of financial performance.
• Any other tasks assigned by manager or senior management.

About You

Education / Experience

• Bachelor’s degree in accounting or finance. CPA is preferred and/or
• Minimum of three (3) years with a multi-product manufacturing standard product costing system

Technical / Practical Skills Required

• Advanced MS Excel skills are required
• In-depth knowledge of computerized MRP systems and integrated accounting packages
• Knowledge of QAD 2008 is an asset

Soft Skills Desired

• Communication (Oral and Written)
• Strong organizational skills
• Team Player
• Ability to meet deadlines

Pay Range

$80,000- $85,000 per year

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #464221

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.