Cost Accountant

Industry: Manufacturing

Education: University Business Degree

Compensation $: 60-70K
Overview:

The Finance Department Limited (TFDL) specializes in the Strategic Placement of Accounting & Finance Professionals on a Contract or Permanent basis. For over 25 years, TFDL has been successfully servicing a select group of clients, providing them with the best Intermediate-to-Senior level talent in the industry.

Our client, a provider of custom engineered and fabricated equipment used in infrastructure and manufacturing, is looking for a professional Cost Accountant to join their team.

Responsibilities:

Cost Analysis:

• Create detailed cost estimates for new projects, considering factors such as labour, materials, overhead and potential risks.
• Track and monitor costs throughout the project's lifecycle, identifying any potential areas with overspending.
• Prepare variance reports and communicate findings to project managers and stakeholders.
• Conduct cost-benefit analyses to evaluate the financial impact of proposed changes to a project.
• Assist in ad-hoc cost analysis as needed to support business decisions.

• Assist in the valuation of inventory.
• Ensure accurate inventory records are maintained.
• Prepare monthly inventory reconciliations.

• Prepare and analyze project cost-related financial reports, including cost of goods sold, inventory turnover, and product profitability.
• Assist in the preparation of monthly financial statements.

• Identify opportunities for improvement within the cost accounting process.
• Assist in the development and implementation of new cost accounting procedures.

• Manage the financial aspects of the projects, ensuring accurate tracking and reporting.
• Efficiently enter, maintain, and modify sales orders based on contract requirements and revenue recognition principles.
• Monthly reporting requirements.

• Review, verify and process vendor invoices for payment.
• Maintain accurate records of accounts payable transactions.
• Process vendor payments in a timely manner, ensuring adherence to payment terms.

• Assist with other accounting tasks as needed, such as general ledger entries, deposits or financial reporting.

• Degree in Accounting, Finance, or a related field (or equivalent experience).
• 2+ years of experience in cost accounting, construction accounting or a similar role.
• Strong analytical, problem-solving skills.
• Proficiency in Microsoft Excel and other financial software.
• Ability to work independently and as part of a team.
• Excellent communication and interpersonal skills.