Senior Cost Accountant

The Senior Cost Accountant is primarily responsible for standard costing, budgeting, cost variance analysis and business process improvements. As an employee of IWT the Senior Cost Accountant will participate in a dynamic environment with great opportunity to lead the enhancement of the standard costing system and experience future growth potential.

CORE RESPONSIBILITIES:

• Analyse manufacturing costs and prepare regular reports comparing standard costs to actuals.
• Manage, maintain, and enhance the cost accounting system.
• Collect and analyse data to determine costs of business activities such as raw materials, labour, and other standard related expenses.
• Participate/lead in physical inventories and report on results to the executive group.
• Assist in month-end closing by preparing journal entries related to various product lines and/or standard costs.
• Collaborate with operations...

Essential Duties & Responsibilities:

• Analyze actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs
• Responsible for the monthly reconciliation of inventory and provides meaningful analysis behind variances between perpetual inventory and general ledger
• Plan and collect data to determine costs of business components, such as raw material purchases, labor, and overhead. Recommend methods to improve use, collection, tracking and analysis of data.
• Manages preparation and execution of quarterly/annual standard cost update
• Review and analyze PPV. Responsible for making decisions on whether or not standards should be updated.
• Establish and monitor overhead rates. Provide insight and analysis as to how rates are trending compared to historical/budgeted/forecasted rates.
• Oversees and audits cycle count activity, selection of items to be counted, recount...