Cost Accountant

Responsibilities:

  • Play a significant role in the period-end close processes by owning assigned accounting processes, journal entries, and variance analysis.  These tasks include analyzing and reporting on manufacturing results, reviewing actual revenue and expense variations against standards and budgets and following up to address significant variances.
  • Prepare balance sheet reconciliations and schedules and be able to explain the cost accounting activity to management.

Key position functions include:

  • Maintain and analyze cost accounting transactions from manufacturing operations
  • Perform inventory valuations and annual cost rolls using standard costing methodology
  • Perform month-end cost accounting close procedures
  • Provide insight and support to the procurement, warehouse, and production areas regarding operational and monthly variance reports including root cause analyses
  • Analyzes actual production costs versus standard costs and prepare reports of variances and recommends process changes to address any large purchase price or manufacturing variances.
  • Work closely with Engineering, Purchasing, and Production teams in planning, studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labor.
  • Identify areas for improvement and communicate recommendations to business leaders.
  • Identify cost savings opportunities in manufacturing processes by using financial data to work with engineering, QC, operations and sales to increase efficiencies in the production process. Work with operations to provide ongoing financial support.
  • Assist in the preparation of the annual budget and highlight variances for actioning.
  • Prepare annual manufacturing budget/quarterly forecasts, both Raw material & Plant costs.
  • Conducts analysis on a weekly, monthly, and quarterly basis for manufacturing and budget variance for manufacturing and labor efficiency, material usage, and purchase prices.
  • Oversee the inventory control function and conduct inventory analysis and valuation.
  • Analyze changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on cost.
  • Support in maintaining compliance with internal controls
  • Assistance for audit preparations/requests
  • Assist management with additional ad hoc analysis or reporting as needed and other duties as assigned.

 

Preferred candidates will possess a combination of the following qualifications:

  • Post-secondary degree in finance, accounting, or economics
  • CPA designation considered an asset
  • 3-5 years of proven experience in cost accounting in manufacturing companies
  • SAP S/4 HANA or SAP ECC experience will be considered an asset
  • Demonstrated understanding of the key financial statements
  • Experience with general ledger functions and the month-end/year-end close process.
  • Advanced MS Excel skills and strong analytical skills.

 

The Stream-Flo Group of Companies, consisting of Stream-Flo Industries Ltd. and Master Flo Valve Inc., are privately owned and operated Canadian manufacturers of wellhead, production gate valve and check valve equipment, as well as chokes, specialty control valves and supporting actuation. Since our inception in 1962, we have become a recognized leader for our superior technology, innovative designs and top quality products. Through continued product line development, the Stream-Flo Group has grown to be one of the largest manufacturers of our kind, offering our solutions to oil and gas regions throughout the world.

Stream-Flo offers a competitive salary, profit sharing and a comprehensive benefit program to prospective employees, as well as the opportunity to work in an entrepreneurial environment, characterized by continued growth and strong business results.

We thank all applicants for their interest. However only those candidates identified for further consideration will be contacted.