Sr Cost Accountant

ASSA ABLOY Group; Vaughan; On-site; CAD 97,874 - 139,821; Full time

Job summary

ASSA ABLOY Group is hiring a Senior Cost Accountant in Vaughan, ON, responsible for cost accounting, inventory analysis, and financial reporting.

The ideal candidate should have a Bachelor's in Accounting, 3–5 years of experience in manufacturing, and strong knowledge of standard costing and ERP systems. This role offers an exciting opportunity in a dynamic environment with a competitive compensation range of $70,000 to $100,000.

Qualifications

• 3–5 years of cost accounting experience in a manufacturing environment.
• Strong knowledge of standard costing and inventory accounting.
• Ability to thrive in a changing environment.

Responsibilities

• Maintain and update standard costs and BOMs across product lines.
• Conduct monthly inventory reconciliations.
• Complete month-end close activities related to inventory and COGS.
• Work closely with procurement, sales, and service teams.

Skills

Standard costing

BOM/routing structures

Inventory accounting

Advanced Excel

Data analysis

Education

Bachelor's Degree in Accounting

Tools

ERP systems (LN, BC 365, BAAN)

Job description

ASSA ABLOY Entrance Systems is seeking candidates for a Senior Cost Accountant position based in Vaughan, ON.

ASSA ABLOY Entrance Systems is a leading supplier of entrance automation solutions for efficient flow of goods and people. With global product brands such as Besam, Crawford, Megadoor, and Albany, we offer complete pedestrian, industrial, and high-performance door solutions. We provide products and services to a global clientele in more than 100 countries. ASSA ABLOY Entrance Systems is a division of ASSA ABLOY, a worldwide organization with more than 47,000 employees.

Responsibilities

Manufacturing & Cost Accounting

• Maintain and update standard costs, bills of materials (BOMs), labor routings, and overhead rates across multiple product lines.
• Prepare monthly cost roll‑ups and evaluate material, labor, and overhead absorption.
• Analyze manufacturing variances (PPV, labor efficiency, scrap, usage) and prepare variance explanations for senior leadership.
• Review preliminary gross margin performance by product, division, and entity to ensure results are accurately stated.
• Partner with operations to monitor key cost drivers and support continuous improvement initiatives.

Inventory Accounting & Control

• Conduct monthly and quarterly inventory reconciliations, ensuring accurate valuation of raw materials, WIP, and finished goods.
• Perform cycle count and physical inventory analysis; investigate variances and recommend corrective actions.
• Ensure inventory costing is correctly recorded across manufacturing and field service locations.

M&A Integration and Operational Support

• Support integration of acquired automatic door companies, including:
  • aligning standard costs and BOM structures
  • evaluating margins, pricing, and inventory practices
  • integrating acquired data into corporate systems
  • standardizing reporting, controls, and accounting workflows
• Assist with due diligence activities requiring detailed cost and inventory analysis.
• Participate in system setup, testing, and process design for newly onboarded operations.

Financial Close & Reporting

• Complete month‑end close activities related to inventory, COGS, variances, accruals, and manufacturing P&L review.
• Prepare and analyze cost accounting reports, operational KPIs, and service margin data.
• Research and resolve cost or inventory discrepancies and communicate findings to divisional controllers.

Cross‑Functional Collaboration

• Work closely with manufacturing, procurement, sales, and service teams to address ad hoc cost and margin requests.
• Assist in updating cost accounting policies, procedures, and documentation.
• Support pricing, quoting, and product profitability analysis for operations and commercial teams.

Requirements

• Bachelor’s Degree in Accounting required; CPA/CMA preferred.
• 3–5 years of cost accounting experience in a manufacturing environment.
• Strong knowledge of standard costing, BOM/routing structures, and inventory accounting.
• Experience with large ERP systems such as LN, BC 365, BAAN or similar platforms.
• Advanced Excel and strong data‑analysis skills.
• Ability to thrive in a changing environment where systems and processes are evolving—including integration of newly acquired companies.
• A hands‑on, “roll up your sleeves” mindset with the ability to shift quickly between tasks.
• Strong communicator and collaborative team player who builds effective working relationships.
• Highly organized and able to evaluate multiple solutions to operational and accounting challenges.

Compensation: $70,000-$100,000

This posting is for a newly created position.