Cost Accountant

The Cost Accountant is responsible for assisting and developing policies and procedures in conjunction on how the Company determines its standard cost of inventory for Material, Labor and Mfg Burden. This position is responsible for ensuring that these policies are consistently applied across all Divisions. In addition, this position is responsible for the periodic update of the standard costs for inventory and are properly updated based upon the Company's policies. This position is responsible to ensure that all new inventory items (NPI's – New Product Introductions) have been properly costed so that timely reporting of Cost of Sales can be determined in conjunction with the month end close schedule. This position is expected to work with Engineering and Sales (Quoting team) to ensure both BOM's and MoM's properly reflect accurate cost of an inventory item. This position is responsible to provide analysis on both Contribution Margin and Gross Profit Margin by both Verticals and Product Groups and to present their findings to Sr Leadership so that actionable decisions can be made to help improve profitability. This position is also responsible to assist in the budgeting process and ad-hoc reporting/projects for Strategic Business Units. Ad-hoc reporting and projects include data gathering, manipulation, summarization and analysis of financial and non-financial data identifying trends and opportunities.

Duties & Responsibilities:

• Own the maintenance and update of accurate standard cost in the Company's ERP system.
• Develop into the Company expert on the Inventory Module within the ERP system and to understand fully the transactions flow of the valuation of inventory, related cost of sales and quantise on hand.
• Ensure that inventory reserve policies are properly adhered to for all sites.
• Enforce proper accounting policies and methods in accordance with GAAP/IFRS for inventory related accounts.
• Responsible to respond to all audit requests when it comes to the valuation and costing of inventory.
• Periodically review and update standard labour and burden rates
• Timely preparation and presentation of Weekly, Monthly and Quarterly reporting in addition to Ad-hoc projects related to Valuation of Inventory and Contribution Margin by Vertical and Product Groups.
• Manage and coordinate monthly financial analysis presentations to operations leadership.
• Hands-on participation preparing financial reports for key stakeholders (Board of Directors, Lenders, etc.)
• Collaborate across functional departments to drive continuous improvements in reporting, budgeting, and analysis processes.
• Conduct ad-hoc special projects to assist management in understanding business performance/processes.

Requirements:

• Bachelor's degree in accounting of finance
• Min 5+ years in accounting or finance.
• Deep understanding of costing and valuation of inventory in a Mfg. environment.
• Ability to work effectively with management and part of a team to meet targets.
• Strong attention to detail.
• High-level math skills and the ability to translate mathematical information into concise reports.
• Very Strong Excel skills – able to use tools and shortcuts to work efficiently and effectively within Excel.
• Epicor system experience a plus
• Excellent analytical and critical thinking skills – able to analyse and solve problems.
• Knowledge of Accounting and Financial principles.
• Database experience a plus but not required.
• Ability to effectively communicate with other departments.
• Manufacturing experience in Plastic & metal.
• Able to work with minimal supervision.
• Effective verbal and written communication skills.
• Should have sound practical judgment of priorities.
• Self-motivated, resourceful, and detailed-oriented, deadline driven