Senior Cost Accountant

1 week ago

Toronto, Ontario, Canada merrithew corporation Full time
Job Summary

We are seeking a highly skilled Senior Cost Accountant to join our finance team at Merrithew Corporation. As a key member of our cost management department, you will play a critical role in overseeing and managing cost accounting functions.

Key Responsibilities
  • Cost Accounting and Analysis
    • Develop and maintain the standard cost system for all products, including locally sourced and internationally procured goods.
    • Create and maintain Sage and Misys Item Master and set up the Bill of Material for Finished Good Items.
    • Regularly review and update standard costs to reflect changes in market conditions and manufacturing processes.
  • Inventory Control
    • Oversee inventory valuation and reconciliation to ensure accuracy.
    • Monitor and maintain inventory reporting to assist with minimizing carrying costs while ensuring uninterrupted production.
    • Manage the RMA (Return Merchandise Authorization system).
  • Cost Analysis and Reporting
    • Analyze cost variances and deviations from standard costs, providing insights and recommendations for improvement.
    • Prepare cost reports and analyses for management, identifying areas for cost reduction and process optimization.
  • Budgeting and Forecasting
    • Collaborate with finance, procurement, and sourcing teams to prepare and manage cost-related budgets and forecasts.
    • Provide accurate financial information for decision-making and financial planning.
  • Compliance and Reporting
    • Continuously identify and implement process improvements to enhance efficiency and accuracy in cost accounting and inventory management.
    • Prepare and submit financial reports and statements, with a focus on monthly inventory reporting and plan operating costs.
    • Ensure compliance with Canadian accounting standards and regulations.
Requirements
  • 7-10 years' experience in cost accounting, including 3-5 years at the supervisory / managerial level.
  • Bachelor's degree in Accounting, Finance, or equivalent – with Cost accounting major preferred.
  • 7-10 years' experience with Standard cost using Sage 300/Misys or similar standard cost and manufacturing inventory reporting system.
  • Experience with multi-currency financial systems.
  • Experience with standard costing and working in a manufacturing environment is required.
  • Experience upgrading, converting, and implementing new manufacturing systems.
  • Experience with Bin tracking and RFID automation.
  • Experience managing inventory from multiple physical locations, including 3PL's in North America, Europe, and Asia.
  • Experience managing annual financial audit, liaising with external auditors.
  • Proven experience in cost accounting in a manufacturing environment, preferably in Canadian Generally Accepted Accounting Principles (Canadian GAAP) or the Accounting Standards for Private Enterprises (ASPE).
  • Strong knowledge of Bill of Materials & standard cost accounting principles and practices.
  • Proficiency in using Sage 300 and Misys for cost accounting purposes.
  • Excellent analytical and problem-solving skills.
  • Strong communication and interpersonal skills for cross-functional collaboration.
  • Strong knowledge of internal controls.
  • Attention to detail and the ability to work independently and as part of a team.
  • Familiarity with international procurement and managing costs in multiple currencies.
  • Strong execution and prioritization skills.

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