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Cost Accountant
freelance.caScarborough, Canada
16 days ago
Salary
CA$60,000.00–CA$70,000.00 yearly
Job type
Full-time
Job description
The Cost Accountant is responsible for analyzing operational expenses and product costs, ensuring accurate financial reporting, and providing data-driven insights to enhance efficiency and profitability. This role involves managing inventory costs, analyzing manufacturing variances, and supporting budgeting and forecasting processes. The Cost Accountant will report directly to the Director of Finance.
Key Responsibilities :
Use QuickBooks to prepare and record assets, liabilities, revenues, and expenses by compiling and analyzing account information.
Monitor and analyze inventory, COGS (Cost of Goods Sold), and manufacturing variances on a monthly basis.
Generate detailed inventory control reports, including inventory valuation, Bill of Materials (BOM), Work In Progress (WIP) analysis, and COGS tracking.
Analyze operational expenses (OPEX) to identify opportunities for cost optimization.
Support the development of budgets and forecasts for both operational and capital expenditures.
Conduct profitability analyses for products and projects, providing actionable insights to stakeholders.
Reconcile accounts payable and receivable to ensure accurate and timely processing.
Assist in preparing monthly financial statements, ensuring accuracy and adherence to GAAP (Generally Accepted Accounting Principles).
Maintain and balance subsidiary accounts by verifying, allocating, and reconciling transactions; resolve discrepancies as necessary.
Prepare GST / HST, WSIB, and EHT reporting.
Support the implementation and ongoing management of ERP systems related to cost accounting and operational reporting.
Ensure compliance with internal controls and maintain confidentiality of financial information.
Provide insights and recommendations for operational improvements based on financial data.
Participate in special projects and additional responsibilities as assigned.
Knowledge and Skills :
In-depth knowledge of cost accounting principles and GAAP, with preference for familiarity with U.S. accounting standards.
Strong analytical skills, with the ability to interpret financial data and identify trends.
Proficiency in QuickBooks Online and inventory management systems.
Advanced MS Excel skills, including pivot tables and complex formulas.
Exceptional attention to detail and organizational skills.
Ability to work effectively under tight deadlines in a fast-paced, dynamic environment.
Strong interpersonal and communication skills for cross-functional collaboration.
Education and Experience :
Minimum of 3 years of accounting experience, including at least 2 years in cost or OPEX accounting within a manufacturing environment.
1-2 years of experience working with inventory management systems and ERP platforms.
Bachelor’s degree in Accounting, Finance, or a related field.
CPA designation (CA or comparable designation) is preferred.
Experience with project accounting and financial analysis is an asset.
Familiarity with general ledger functions and the month-end / year-end close process.
Previous experience supporting the implementation of an ERP system is an advantage.
Job Type : Full-time
Pay : $60,000.00-$70,000.00 per year
Flexible language requirement :
French not required
Schedule :
Monday to Friday
Ability to commute / relocate :
Scarborough, ON M1P 2S1 : reliably commute or plan to relocate before starting work (required)