Cost Accounting Manager

6 months ago


Greater Toronto Area, Canada Medical Equipment Manufacturing Group Full time

**Cost Accounting Manager**

**Key Responsibilities**:

- **Product Manufacturing Costs**:

- Calculate and analyze product manufacturing costs to ensure accuracy and efficiency.
- Conduct regular cost audits to identify areas for improvement and cost-saving opportunities.
- **Price and Labor Variances Analysis**:

- Monitor and analyze price and labor variances to identify deviations from standard costs.
- Collaborate with cross-functional teams to investigate and address any variances.
- **Inventory Control and WIP Valuation**:

- Oversee inventory control processes and ensure accurate valuation of Work-in-Progress (WIP).
- Implement and maintain effective systems for tracking and reporting on inventory levels.
- Ability to implement a new ERP financial system
- **Contract Management and Billing**:

- Manage contracts related to product manufacturing and ensure accurate billing processes.
- Collaborate with sales and operations teams to ensure alignment between contracts and financial goals.
- **Financial Reporting**:

- Prepare and analyze monthly financial statements, providing insights into cost performance and financial health.
- Work closely with the finance team to ensure accurate and timely reporting.
- **Annual Budgets and Cost Management**:

- Lead the development of annual budgets, collaborating with various departments to align financial goals with overall business objectives.
- Implement strategies for effective cost management to achieve budgetary targets.
- **Cash Management**:

- Monitor cash flow and implement strategies to optimize cash management.
- Work with treasury and finance teams to ensure liquidity and financial stability.
- **Accounts Receivable and Payable**:

- Oversee accounts receivable and payable functions, ensuring timely and accurate processing of transactions.
- Implement measures to minimize outstanding receivables and optimize payment terms.

**Qualifications**:

- Bachelor's or Master's degree in Accounting, Finance, or related field. CPA or CMA certification is a plus.
- 7-10+ years of experience in cost accounting, with a strong background in a manufacturing environment.
- Proficient in using accounting software and ERP systems.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to work collaboratively in a cross-functional team environment.

**Salary**: $65,000.00-$75,000.00 per year

**Benefits**:

- Dental care
- Extended health care
- On-site gym
- RRSP match
- Vision care

Schedule:

- 8 hour shift

Work Location: In person


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