Cost Accountant

Vecima Networks Inc.•,

About The Position

The Cost Accountant is responsible for ensuring timely, high quality and accurate cost information is delivered to the Lead Cost Accountant. This position plays a key role in the interface with Supply chain, Manufacturing Engineering, Research and Development, Finance and Production. This includes (but is not limited to) inventory standard cost analysis, and ad-hoc projects as required. A thorough understanding cost allocation and overhead rates is required.

Requirements

Typically requires a minimum of 5-10 years’ experience in manufacturing cost accounting
Experience and understanding of standard cost in a manufacturing environment
Bachelor’s degree in business administration or equivalent
Highly proficient in Oracle ERP - working knowledge of information flow through and data mining
Highly proficient in excel – familiarity with formulas and functions to perform complex data analysis
Advance understanding of accounting concepts. Being able to analyze transactions and the impact it has on the business.
Advance understanding of allowance this will be gained through both on the job training and in class training from a technical institution
Advance understanding of the budgeting process, having a big picture outlook and being able to interpret the numbers presented and form accurate interpretation of the results
Adept at financial monitoring & analysis, decision making
Excellent written and verbal communication skills

Nice To Haves

CPA designation an asset
Exposure to Oracle ERP, and/or implementing an ERP is considered an Asset

Responsibilities

Prepare the inventory journal entry using monthly inventory data extract, i.e. inventory financial report (this is used to pull inventory stock status, slow moving, devaluation and excess inventory) and enter journal entry to reconcile to the balance sheet
Collaborate with Manufacturing Engineering and Finance to determine month end accrual and transfer journal entries
Perform monthly forecast reporting and analysis to provide cost information (allowance) to the business
Assist in gross margin analysis.
Heavy involvement in Annual manufacturing overhead rate preparation and analysis
Review actual versus budgeted expense and complete reconciliation as required and provide explanation of variances
Analyze and prepare reports periodically for the difference between actual production costs and standard costs
Assist in the preparation of the annual budget to make sure that standard cost for all products are calculated in line with budget consideration
Assist with internal & external audits
Work with the inventory manager, material planning manager and other personnel to analyze and update inventory standard costs
Maintain monthly product cost reports (by Finished Goods (FG) item number) – actual to standard
Complete Ad-Hoc reporting and projects as assigned and assist with other duties as required
Maintain accurate job aids (work instructions) for all duties assigned
Maintain Landed Standard Cost in SFDC