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Financial Analyst

2 months ago

Vaughan, Ontario, Canada MT Talent Full time
Job Opportunity

MT Talent is partnering with a leading global designer, distributor, and manufacturer of Smart Building Solutions to find a skilled Financial Analyst - Cost Optimization Specialist.

This role will be based in Vaughan, ON, and the successful candidate will report directly to the Controller at their head office.

Key Responsibilities:
  • Collaborate with Purchasing, Production, and Engineering teams to establish and validate standard costing rates.
  • Conduct periodic reviews and audits of system rates and standard costs compared to actuals.
  • Perform time studies, confirm BOMs, and review routing processes.
  • Gather and analyze financial data to ensure accuracy in financial processing.
  • Serve as the champion for the annual standard costing update.
  • Coordinate team efforts to reassess data.
  • Compile necessary information to update Direct Labour standards.
  • Review financial reporting of variances (PPV and DL) monthly.
  • Gather accounting data needed to calculate Overhead standards.
  • Roll out standard costs annually within the D environment.
  • Review inventory revaluation and produce necessary reports following the roll-out.
  • Support management in making key decisions based on costs and benefits, such as investments, market growth, and pricing adjustments.
  • Monitor process or method changes to assess their impact on overall costs.
  • Estimate product costs for new items.
  • Implement system updates for new products, production changes, and engineering modifications.
Requirements:
  • College Diploma or University Degree in Finance or Accounting.
  • Minimum 1-3 years of experience in a similar role.
  • Understanding of standard variances: shop floor analysis of standard vs actual, Bill of Material reviews & Routing confirmations.
  • Able to work with and understand any system-related issues.
  • Must be able to prioritize requests when multiple tasks are assigned in a limited timeframe.
  • CPA is not required but beneficial.
Compensation Package:

We offer a competitive salary range of $80,000 - $110,000 per annum, depending on experience. This estimate is based on industry standards and the location of the role.