Cost Accountant

About Us

Accuenergy is a Toronto-based company dedicated to research, design and manufacturing of multifunction power meters and other instruments. We also provide advanced technological solutions for distribution and industrial power system automation.

Extraordinary outcomes need exceptional teams. We believe deeply in the power of a growth mindset for individuals and team development.

Responsibilities:

Production Costs

· Plan, organize and direct all the activities of the cost accounting function.

· Set up and maintain ERP system to apply correct costing concepts such as direct vs indirect, fixed vs variable, product vs period costs to ensures complete and accurate costing data and streamline the costing reporting process.

· Work closely with engineering and manufacturing personnel to analyze product structures (including bills of materials), resolve variances and allocate costs. Analyze direct and indirect labor and overhead variances and conduct/assist scrap analysis.

· Monitor, review and approve production transactions or movements between Raw Material to Work-in-progress (WIP) to Finished Goods G/L accounts and support all inventory related activities. Ensure accurate financial entries posted into the ERP including MRP (Material Resource Planning) system.

· Analyze changes in product design, raw materials, manufacturing methods, or services to determine effects on costs.

· Develop and maintain standard costs for raw material and supplies (offline), labour costs and overhead. Compare standard cost to actual cost and identify and explain variances in term of different dimensions such as production, project, or customers, etc.

· Produce daily/weekly/monthly production, variance and ad hoc reports.

· Continually Identify cost drivers and drive improvements of the costing system to provide management with better information for decision making.

· Support company ISO and internal compliance as required.

Inventory Valuation

· Make sure Inventory Items are properly defined and classified. Work closely with Supply Chain team and other teams to ensure the unit price and important attributions of items are correctly entered.

· Oversee excess & obsolete (E&O) and work closely with warehouse team on physical inventory counts and cycle counts, review and approve inventory quantity adjustments and obsolete write-offs.

· Oversee and reconcile all inventory related G/L accounts and subledger accounts to ensure completeness and accuracy of Inventory data and valuation.

· Monitor all Inventory related activities and processes and address issues/errors.

· Prepare periodic inventory reserves reconciliation, analyzing inventory for risk, and monitoring inventory with support from internal stakeholders.

Financial Accounting

· Assist in month-end and year-end closing by validating the cost of goods sold and analyzing cost variances, preparing inventory and supplemental reports.

· Prepare monthly/annual gross margin report and analysis in term of different dimensions.

· cost budgets for production or operations, compare actual costs to budgeted costs, and provide suggestions on improvements.

· Collaborate with cross-functional teams to improve financial processes and efficiency.

· Recommend improvements for reserves, assets, and expenditures.

· Work on special projects or ad-hoc tasks as required.

Candidate should have the following knowledge/skills:

We thank you for your interest in joining the Accuenergy team and for submitting your application for our positions.

We appreciate the time and effort you invested in your application. Please note that only candidates selected for the next stage of the hiring process will be contacted.

We value your interest in Accuenergy and wish you the best of luck in your job search.

Thank you once again for considering a career with us

Job Types: Full-time, Permanent

Benefits:

Schedule:

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Monday to Friday

Ability to commute/relocate:

Education:

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Bachelor's Degree (preferred)

Experience:

Work Location: In person