Cost Accountant

2 weeks ago

Old Toronto, Canada Kassen Full time
Our esteemed client in the financial services sector is actively looking for a proficient and meticulous Cost Accountant to become an integral part of their team. In this role, you will be pivotal in scrutinizing cost data, pinpointing avenues for cost reduction, and providing valuable insights to optimize financial outcomes. The perfect candidate will demonstrate exceptional analytical prowess, an unwavering eye for detail, and adeptness in collaborating seamlessly across various teams.

Responsibilities

  • Collect cost information and maintain an expense database.
  • Construct data accumulation systems to gather relevant cost data.
  • Determine fixed costs, such as salaries, rent, and insurance.
  • Plan and record variable costs, including raw material purchases and operational expenses.
  • Review standard and actual costs for inaccuracies and discrepancies.
  • Prepare budgeting reports for the company and its departments.
  • Analyze and report profit margins to identify areas for improvement.
  • Forecast costs on a monthly, quarterly, and annual basis.
  • Assist in month-end and year-end closing procedures.
  • Identify and recommend cost-effective solutions to management.
  • Implement cost control measures and monitor their effectiveness.
  • Conduct regular audits to ensure accurate cost allocation and compliance with accounting standards.
  • Collaborate with cross-functional teams to gather and analyze data for cost analysis.
  • Identify cost drivers and develop strategies to optimize costs and improve profitability.
  • Monitor inventory levels and conduct variance analysis.
  • Provide recommendations for cost savings and process improvements.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or related field. (Master’s degree preferred)
  • 3-5 years of experience in cost analysis, financial planning, or related roles.
  • Proficiency in financial modeling and data analysis tools (e.g., Excel, SAP).
  • Strong understanding of accounting principles and cost accounting methodologies.
  • Excellent communication and interpersonal skills.
  • Ability to work effectively in a fast-paced environment and meet tight deadlines.
  • Attention to detail and accuracy in data analysis and reporting.
  • Proven ability to collaborate with cross-functional teams and influence decision-making processes.
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