Financial Debt Recovery Ltd. is experiencing growth in Canada and the US, and we are now seeking a Cost Accountant with hands on experience to support our accounting team.
We are seeking a detail-oriented and analytical professional to join our team as a Cost Accountant. As a Cost Accountant, you will be responsible for analyzing costs, preparing budget reports, implementing cost control measures, and providing financial insights to support business decisions.
In this role, you will collaborate with cross-functional teams to gather and analyze data, identify cost drivers, and develop strategies to optimize costs and improve profitability. You will also be responsible for monitoring inventory, conducting variance analysis, and providing recommendations for process improvements.
Ultimately, you should build updated databases and manage cost information to maximize profitability for our company.
Job Type: Full Time, Permanent, On site (No remote work)
Job Location: 40 West Wilmot Street, Richmond Hill, Ontario L4B 1H8

REQUIREMENTS AND SKILLS

• Experience with accounting software, like QuickBooks, Sage 300
• Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables), MS Office Suite
• Proven work experience as a Cost Accountant, Cost Analyst, Accountant, or similar role
• Minimum of 3 years of experience in cost accounting or a similar role
• Strong analytical and problem-solving skills
• Detail-oriented with excellent numerical accuracy
• Knowledge of accounting principles and standards
• Ability to work independently and meet deadlines
• Thorough knowledge of accounting procedures
• Strong time management skills
• Integrity, with an ability to handle confidential information
• Bachelor’s degree in Accounting, Finance, or a related field
• Excellent analytical skills with an attention to detail
• In-depth understanding of Generally Accepted Accounting Principles (GAAP) and ASPE

• Collect cost information and maintain an expenses database
• Construct data accumulation systems
• Determine fixed costs (e.g. salaries, rent and insurance)
• Plan and record variable costs (e.g. purchases of raw material and operations costs)
• Review standard and actual costs for inaccuracies
• Prepare budgeting reports (for the company and for each department)
• Analyze and report profit margins
• Prepare (monthly, quarterly and annual) cost forecasts
• Assisting in month-end and year-end closing
• Identify and recommend cost-effective solutions
• Analyze costs and prepare budget reports to support business decision-making
• Implement cost control measures and monitor their effectiveness
• Conduct regular audits to ensure accurate cost allocation and adherence to accounting standards
• Collaborate with cross-functional teams to gather and analyze data for cost analysis
• Identify cost drivers and develop strategies to optimize costs and improve profitability
• Monitor inventory levels and reconcile discrepancies
• Conduct variance analysis and provide recommendations for cost savings and process improvements