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Financial Cost Analyst

Job Highlights
Milton
Direct Hire
$80,000

About the Opportunity
The Financial Cost Analyst will be responsible for all inventory valuation, coordinating and reconciling inventory counts, month end inventory, weekly sales forecast, preparing account analysis, foreign exchange and other exposures analysis, business plan, estimate and reforecast support, overhead and labour rate maintenance, reconciliations and reports

  • Develops and maintains standard material, labour and overhead rates for inventory
  • Analysis of sales prices and cost changes on monthly basis. Follows up with other departments on reason for prices changes
  • Ensures thorough analysis that CMS system properly accounts for costs and revenues
  • Performs and analyzes period end accounting close in CMS
  • Reconciles inventory and other accounts, including coordinating the annual physical inventory count audit and/or auditing and analyzing the cycle count results
  • Prepares sales analysis weekly and monthly estimate
  • Analyzes sales and material cost results compared to budget
  • Supports preparation of the annual business plan.
  • Setup new vendors in ERP system and for EFT payments
  • Co-ordinates and facilitates analysis of tooling costs and revenues with commercial team and prepares all cost summaries for the company
  • Prepares tooling journal entries and F6 reconciliation at month end
  • Performs quarterly currency exposures
  • Help with coordination of tooling and capital invoices for proper signoffs and circulates in a timely manner. Tracks and keeps audit file for Customer audit
  • Supports creation of the annual year-end audit file for the inventory, tooling, revenue and expense sections.
  • Oversees CMS projects (EDI invoices, Steel resale) and aid in processing until projects implemented
  • Follows and complies with all Operational Procedures and Policies as outlined in the Employee Handbook, Quality and Environment programs (i.e. TS16949, ISO14001)
  • Understands, promotes and lives by Magna’s philosophies and Employee Charter
  • Adheres to core values; integrity, respect, trust, honesty, fairness and loyalty
  • Performs other duties as required
  • Physically able to perform the essential duties of the position
  • Use or wear the protective equipment required and work in compliance with the Ontario Occupational Health & Safety Act and the regulations
  • Report to his/her Leader or designate any contravention of the act, any known hazards or defects in equipment
  • Do not alter any protective device, engage in horseplay/inappropriate conduct or operate any equipment that may endanger himself/herself or any other Team Member

About You

  • CPA designation or currently enrolled in CPA program
  • Minimum college diploma in accounting or business
  • Ability to perform root cause analysis and problem solve
  • Proficient with Microsoft Office Applications
  • Experience using CMS or a similar ERP system
  • Strong organizational, research and interpersonal skills
  • Ability to present financial analysis to different levels of management
  • Strong attention to accuracy and detail
  • Good understanding of US GAAP
  • Ability to uphold confidentiality
  • Demonstrates the ability to work effectively in a team environment
  • Ability to work overtime to meet customer needs
  • Ability to adhere to strict deadlines, work well under time constraints and strong time management skills

Salary
$70,000 - $80,000/year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #345995

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.
 

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Financial Cost Analyst

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