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Cost Accountant in Ottawa, ON

Cost Accountant Job Description

A Cost Accountant is a professional responsible for supporting the analysis and reporting of manufacturing, production, or project costs to ensure financial accuracy and operational efficiency. This role involves assisting with maintaining cost accounting systems, tracking inventory, and performing initial variance analysis to inform key business decisions. Candidates need strong analytical skills, meticulous attention to detail, and a foundational proficiency with accounting software. Typically, 0-3 years of progressive experience in cost accounting or a related accounting role is required. A Bachelor's Degree in Accounting or Finance is essential, with candidates actively pursuing a Chartered Professional Accountant (CPA) designation preferred. A foundational understanding of Canadian manufacturing practices and relevant accounting standards is key, along with an eagerness to learn and grow.

Typical cost accountant duties:

Assist with maintaining and updating cost accounting systems (e.g., standard costs for materials, labour, overhead).Support the analysis of actual versus standard costs, helping identify and explain variances.Prepare detailed cost reports on production, inventory, and profitability.Assist with inventory valuation, ensuring accurate costing and reconciliation.Support month-end and year-end close processes for Cost of Goods Sold (COGS) and inventory.Collaborate with operations and supply chain teams to gather cost data.Contribute to budgeting and forecasting activities related to production costs.Ensure compliance with Canadian accounting standards (ASPE/IFRS) for inventory and costing.

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Salary for Cost Accountant in Ottawa, ON

63818 - 91706

Low
63818
The candidate is new to the role or has limited experience and is still developing core skills.
Mid
78390
The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.
High
91706
The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.
Projected salaries for related positions Job title Low Mid High Chief Financial Officer 190196 232909 300244 Corporate Controller 134419 159544 182659 Controller 122359 147986 176880 Assistant Controller 95475 113565 131655 Financial Operations Manager 116580 140700 162056 Director of Accounting 134670 151253 181403 Accounting Manager 95224 111555 133163 Senior Accountant – Financial Services 99244 121354 132158 Accountant – Financial Services 82661 92460 102761 Cost Accounting Manager 100249 119595 134168 Senior Accountant 80400 94219 108540 Accountant 60049 70601 80400 Junior Accountant 51506 57034 62059 Senior Cost Accountant 87184 96983 107535 Property Accountant 65576 76380 90953 Director of Financial Reporting 137434 157031 180649 Senior Financial Reporting Accountant 97234 110048 117836 Financial Reporting Accountant 73868 87435 95726 Revenue Manager 84420 105274 121103 Revenue Accountant 71606 87184 97736

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