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Financial Analyst (Senior - Costing)

Toronto, ON

Posted: 01/22/2024 Employment Type: Full-Time Specialization: Accounting/Finance/Tax Job Number: 30056

Job Description

Our tier-one and well-established client has a plant in the GTA (west). We are seeking a talented accounting professional. When considering this opening you should have exceptionally strong standard costing and supply chain experience. Moreover, as a Financial Analyst (senior) you've worked in mid to large size SOX complaint plants with practical ERP systems experience. This great opportunity requires working 5 days a week at the plant working alongside a high-caliber accounting team.

Responsibilities:

  • Manage the standard costing system within MS Dynamics 365, overseeing the development and annual update of standard costs for new items, accompanied by comprehensive analysis and documentation.

  • Assist in new product development and innovation by conducting costing analyses for new products, changes, and promotional activities, including sensitivity analysis and identification of risks/opportunities for proposals.

  • Conduct month-end closing procedures, covering journal entries, balance sheet reconciliations, management reports, and variance analysis, comparing results against standard/budget/forecast.

  • Collaborate with the manufacturing team to establish the annual budget and monthly/quarterly forecasts.

  • Evaluate asset utilization, resource allocation, and outsourcing alternatives, providing insights and recommendations to support network optimization.

  • Investigate, review, and analyze key plant operations metrics, presenting recommendations for improvements.

  • Support manufacturing teams in conducting root cause countermeasure analyses related to labor, material, efficiency, and overhead losses.

  • Perform ad-hoc research and analysis to support manufacturing initiatives.

  • Provide financial analysis for capital expenditure requests, incorporating ROI, Payback Period, and NPV assessments.

  • Deliver training and support to plant staff to enhance their knowledge and understanding of finance basics.

  • Execute SOX compliance activities and offer support for internal and external audit engagements.

  • Uphold and contribute to plant initiatives, encompassing Good Manufacturing Practices, ISO, and Health and Safety.

Skills and Qualifications:

  • Possess strong analytical and technical accounting skills.

  • Hold or work towards a CPA designation.
  • Bring a minimum of 2 years of standard costing experience in related positions.
  • Demonstrate experience with standard costing in an ERP environment. MS Dynamic is a high preference

  • Exhibit excellent communication skills, both verbal and written.

  • Advanced usage of MS Excel

  • Possess relevant education in Finance or equivalent work experience is considered an asset.

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