Management Accountant - Cost Control Officer

The Cost Accountant oversees the cost accounting of products and services, inventory management, budget development and budget administration functions and further analysis.

• Measures and analyses the various costs of production and costs of distribution of company product offerings; supports the determination of product sales prices, supports the determination of capital budgeting requests; reports on margins by product and division;
• Monitors the cost of operations related to inventory, oversees the standard cost system and oversees financial inventory control.
• Reports on periodic (monthly, annual) variances between actual costs and standard costs, identifies variance causes, analyses operating issues and formulates strategies for corrective action
• Assist with the coordination of the budgeting process, presents capital and operational budgets under the guidance of the CFO and presents for approval.
• Responsible for the development and maintenance of a cost accounting system within the Company.
• Analyses overhead cost drivers and develop a methodology for allocating these costs to specific products. Monitor actual versus absorbed overheads on a monthly basis and together with the CFO determines if the allocation methodology should be adjusted.
• Calculate and monitor standard costs for inventory valuation, project estimating and product costing purposes. Review valuation of stock as recommended by CFO as needed for inventory write off due to damage or obsolescence.
• Perform month-end accounting activities by ensuring all materials, labour and outside product costs are recorded, assisting with reconciling inventory and related balances to general ledger and analyzing variances and cost of goods sold. Coordinate these activities in support of timely issuance of financial statements.
• Provides support to other functional areas of the Company as follows:
  • Inventory Control – investigates inventory adjustments resulting from periodic cycle counts and annual physical inventory.
  • CAPEX - Identify costs saving projects, analyses and forecasts the impact on the cost structure if implemented and assist the development of the business case cost-benefit analysis for capital investments.
  • Purchasing – Analyses purchase price variances & monitors material price trends to support price negotiations with vendors.
  • Create & distributes detailed monthly cost reports to all units which include actual and estimated costs to-date for use in decision making.
  • Reviews and analyze inventory and margin reports, conduct research and perform analytical studies in regards cost analyses and profitability.
  • Prepare detailed account analysis for budget versus actual for cost and inventory, accounts by products and by division to inform decision making including feasibility of commercial ventures, cost monitoring and development of cost control measures.
  • Monitors and ensures adherence to health and safety rules, regulations and guidelines.
  • Conforms to all established departmental & company policies, procedures & objectives, fulfils the requirements of CGA Ltd.’s SQF Program including but not limited to GMPs, PPE, HACCP, food safety & HSE site protocols.
  • Performs other related duties that may be required by the job function.
  • Conforms to all established departmental and company policies, procedures and objectives, quality, GMPs, HACCP, food safety and HSE protocols;