Senior Cost Analyst

The Mason Group Inc; Toronto; On-site; CAD 75,000 - 90,000; Full time

Job summary

A leading manufacturing firm in Ontario is seeking a Senior Cost Analyst to assist in the assessment of company performance through analysis of financial and operational data. The role involves maintaining standard costs, analyzing variances, and collaborating with various teams to enhance costing processes. Candidates should have a CA/CPA designation or be in the process of obtaining one, with essential experience in manufacturing costing.

Qualifications

• Experience with manufacturing costing is essential.

Responsibilities

• Review and maintain standard costs for materials and finished goods.
• Analyze cost variances and provide insights to management.
• Collaborate with teams to enhance costing functionality.
• Lead standard cost revaluation processes.

Skills

Cost analysis

Financial data analysis

Collaboration with operations

Education

CA / CPA designation or in process

Job description

Overview

Senior Cost Analyst

Employment Type: Permanent

Location: Scarborough, Ontario

Job Description :

Our global manufacturing client is looking for a Senior Cost Analyst who will assist the Controller in the assessment of company performance by study and analysis of financial and operational data. The Cost Analyst will act as a catalyst in the continuous improvement process by supplying analytical support to the operational areas.

Duties and Responsibilities

• Review, develop, and maintain standard costs for raw materials, WIP, and finished goods across all business units.
• Analyze cost variances (material, labor, and overhead) and provide actionable insights to operations and management.
• Work closely with plant operations and supply chain teams to understand product flows, BOMs, and manufacturing processes.
• Assist in the development and optimization of product costing logic, including setup of cost drivers, routings, and BOM groupings (one-to-one or category-based).
• Conduct margin and profitability analysis at the material, customer, and product line levels.
• Support monthly, quarterly, and year-end close processes with accurate cost rollups, inventory valuations, and journal entries.
• Collaborate with IT and finance teams to enhance ERP costing functionality and resolve costing discrepancies.
• Lead and be responsible for standard cost revaluation processes.
• Support internal and external audit processes related to inventory and cost accounting.

Job Requirements

• CA / CPA designation or in process.
• Experience with Manufacturing / costing is essential.