Cost Accountant, Hybrid
- Concord, ON
- Permanent
- Temps-plein
- Freedom and a healthy work- life balance- Embrace our flexible work environment with flex hours, telecommuting and digital workspaces.
- Solve the world's most significant problems - Be part of exciting and innovative projects.
- Engaging, challenging, and fast evolving, cutting edge technological environment.
- Opportunities to advance your career and mentorship programs on a local and global scale.
- Competitive total rewards package.
- Profit sharing available.
- Rewarding vacation entitlement with the opportunity to buy and sell your vacation depending on your lifestyle.
- Contribute to our social responsibility initiatives focused on access to education, access to technology and sustaining communities and make a positive impact on the community.
- Participate in our celebrations, social events and offsite business events.
- Opportunities to contribute your innovative ideas and get paid for them!
- Employee perks and discounts.
- Diversity and inclusivity focused.
- Maintain and analyze standard product costs - including materials, labor, and overhead - and manage product groups, overhead groups, and profit centre codes within the ERP system
- Update standard material costs annually and perform cost calculations for new materials introduced during the fiscal year.
- Calculate, monitor, and report manufacturing and sales variances, investigating deviations from standard costs and budget.
- Prepare and deliver monthly cost and margin analysis, utilization reports, over/under absorption, and account reconciliations, to support management decision-making and month-end closing processes.
- Assist with budgeting and forecasting by preparing detailed plans by product, cost, and revenue, collaborating with relevant departments to ensure accurate financial projections and support strategic planning.
- Collaborate with cross functional teams to monitor cost drivers and recommend improvements; provide accurate costing data to support cost control and reduction initiatives.
- Analyze profitability by product, customer, or segment as required.
- Control, monitor and prepare monthly journal entries for work in process, unbilled contracts and warranty; calculate warranty accrual rate for eligible products and sales annually.
- Ensure compliance with internal controls, accounting policies, and relevant financial regulations.
- Support audits by preparing documentation and responding to cost accounting inquiries.
- Participate in global projects and initiatives related to process improvement, ERP system, and cost methodology standardization.
- Lead and support initiatives to identify, calculate, and track cost savings and efficiency improvements related to product costing and manufacturing processes, with a strong focus on the digitalization and automation of processes, reporting, and operational workflows.
- Perform other related duties as assigned.
- Bachelor's degree in Accounting, Finance, or related fields
- Minimum of 3 years of experience in a similar role in a manufacturing company is strongly preferred
- Experience in cost accounting, inventory management, and ERP (SAP)
- Knowledge of accounting principles like GAAP/ IFRS/ ASP
- Advanced Excel skills
- Strong leadership and team management skills
- CPA is preferred
- Experience in electronics or product manufacturing companies
- Experience with digitalization and automation of accounting/ costing activities
- Knowledge of using Power BI
- Experience working in complex global environments