Senior Cost Analyst
1 day ago
Senior Cost Analyst
Employment Type
Permanent
Location
Scarborough, Ontario
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Job Description:
Our global manufacturing client is looking for a Senior Cost Analyst who will assist the Controller in the assessment of company performance by study and analysis of financial and operational data. The Cost Analyst will act as a catalyst in the continuous improvement process by supplying analytical support to the operational areas.
Duties and Responsibilities of the Senior Cost Analyst:
- Review, develop, and maintain standard costs for raw materials, WIP, and finished goods across all business units.
- Analyze cost variances (material, labor, and overhead) and provide actionable insights to operations and management.
- Work closely with plant operations and supply chain teams to understand product flows, BOMs, and manufacturing processes.
- Assist in the development and optimization of product costing logic, including setup of cost drivers, routings, and BOM groupings (one-to-one or category-based).
- Conduct margin and profitability analysis at the material, customer, and product line levels.
- Support monthly, quarterly, and year-end close processes with accurate cost rollups, inventory valuations, and journal entries.
- Collaborate with IT and finance teams to enhance ERP costing functionality and resolve costing discrepancies.
- Lead and be responsible for standard cost revaluation processes.
- Support internal and external audit processes related to inventory and cost accounting.
TMGNY
Job Requirements:
- CA/CPA designation or in process.
- Experience with Manufacturing/costing is essential.
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