Strategic Cost Accounting Specialist

3 weeks ago

Vaughan, Ontario, Canada MT Talent Full time

MT Talent is pleased to partner with a renowned Global designer, distributor and manufacturer of Smart Building Solutions. As one of the largest manufacturers in Canada, this privately-owned company seeks an exceptional Strategic Cost Accounting Specialist to join their team at their head office located in Vaughan, ON.

About the Opportunity

The successful candidate will report directly to the Controller and be responsible for establishing and validating standard costing rates in collaboration with Purchasing, Production, and Engineering teams. This includes conducting periodic reviews and audits of system rates & standard costs compared to actuals, performing time studies, confirming BOMs, and reviewing routing processes.

Key Responsibilities
  • Establish and validate standard costing rates in collaboration with Purchasing, Production, and Engineering teams.
  • Conduct periodic reviews and audits of system rates & standard costs compared to actuals.
  • Perform time studies, confirm BOMs, and review routing processes.
  • Gather and analyze financial data to ensure the accuracy of financial processing.
  • Act 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.
  • Rolland out standard costs annually within the D environment.
  • Review inventory revaluation and produce necessary reports following the roll-out.
  • Assist 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 of 1-3 Years 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 multi tasks are assigned in limited time frame.
  • CPA is not required but beneficial.
About MT Talent

We are a trusted recruitment partner dedicated to connecting top talent with exceptional companies like our client. Our goal is to provide a seamless hiring experience that meets the unique needs of both our clients and candidates.

Compensation Package

The estimated salary for this position is $80,000 - $100,000 per annum, depending on experience. In addition to a competitive salary, we also offer a comprehensive benefits package and opportunities for career growth and development.

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