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Cost Accountant Specialist

2 months ago

Kitchener, Ontario, Canada Teledyne Digital Imaging, Inc. Full time

About the Role:

Teledyne Digital Imaging, Inc. is seeking a highly skilled Cost Accountant to join our team. As a Cost Accountant, you will play a critical role in ensuring the financial health and stability of our organization.

Key Responsibilities:

  • Implement cost standards for materials, labor, and overhead, ensuring accuracy and compliance with company policies.
  • Monitor unit cost variance by reviewing bi-weekly purchase price variance reports, identifying areas for improvement and implementing corrective actions.
  • Prepare revenue, COGS, and margin analysis reports, providing insights to management for informed decision-making.
  • Reconcile raw materials, WIP, and finished goods, ensuring accurate inventory levels and minimizing losses.
  • Update bookings and backlog reports, providing visibility into production and sales trends.

Additional Responsibilities:

  • Provide analysis of manufacturing cost variances, identifying root causes and implementing process improvements.
  • Review, analyze, and update standard costs, ensuring accuracy and relevance to current market conditions.
  • Coordinate and document quarterly obsolescence and reserve reviews, ensuring compliance with company policies and regulatory requirements.
  • Assist with yearly inventory counts, ensuring accuracy and completeness of inventory records.
  • Conduct warranty reserve analysis and review, ensuring adequate provisions for potential warranty claims.
  • Support quarterly audit requirements and reports, ensuring compliance with regulatory requirements and company policies.
  • Assist in SOX documentation related to operations, ensuring accuracy and completeness of financial records.
  • Participate in process improvement initiatives, identifying areas for improvement and implementing changes to enhance efficiency and effectiveness.
  • Support various cost accounting special projects, providing expertise and analysis to drive business decisions.

Requirements:

  • 5+ years of experience in a similar role, preferably in a manufacturing or high-tech environment.
  • A good understanding of cost accounting principles, including inventory management and financial analysis.
  • Excellent communication and interpersonal skills, with the ability to work closely with multiple groups within the organization.
  • Proficient skills in Excel and ERP systems, with experience in SAP a plus.
  • The successful candidate will have a CPA or equivalent designation, with a strong understanding of financial regulations and compliance.
  • A self-starter with a strong work ethic, efficient, and well-organized, with a keen eye for detail.

About Teledyne Digital Imaging, Inc.:

Teledyne Digital Imaging, Inc. is a leading manufacturer of high-performance machine vision components, software, and cameras. We are committed to conducting business with the highest ethical standards, ensuring the integrity and transparency of our financial records and operations.