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Cost Accounting Manager in Toronto, ON

Cost Accounting Manager Job Description

A Cost Accounting Manager is a vital leader responsible for overseeing an organization's cost accounting functions, ensuring accurate product or service costing, inventory valuation, and profitability analysis. This role involves developing, implementing, and maintaining robust cost accounting systems, processes, and controls. This position demands strong analytical skills, meticulous attention to detail, and a proven ability to lead and mentor an accounting team. Typically, 5-8 years of progressive experience in cost accounting or a related manufacturing/operational accounting role, with at least 2-3 years in a supervisory or management capacity, is required. A Bachelor's Degree in Accounting or Finance is essential, and a Chartered Professional Accountant (CPA) designation is highly preferred. A thorough understanding of Canadian manufacturing practices and relevant accounting standards is paramount.

Typical cost accounting manager duties:

Oversee all cost accounting operations, including inventory valuation, standard costing, and variance analysis.Develop, implement, and maintain cost accounting systems and processes.Analyze production costs, overheads, and inventory levels to identify cost-saving opportunities.Prepare detailed cost reports and provide insights on profitability by product, service, or project.Lead the cost accounting team, providing guidance, training, and performance management.Collaborate with operations, production, and supply chain teams to improve cost efficiency and accuracy.Ensure compliance with Canadian accounting standards (ASPE/IFRS) related to inventory and cost of goods sold.Assist with budgeting, forecasting, and strategic planning processes.

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Salary for Cost Accounting Manager in Toronto, ON

107730 - 144180

Low
107730
The candidate is new to the role or has limited experience and is still developing core skills.
Mid
128520
The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.
High
144180
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 204390 250290 322650 Corporate Controller 144450 171450 196290 Controller 131490 159030 190080 Assistant Controller 102600 122040 141480 Financial Operations Manager 125280 151200 174150 Director of Accounting 144720 162540 194940 Accounting Manager 102330 119880 143100 Senior Accountant – Financial Services 106650 130410 142020 Accountant – Financial Services 88830 99360 110430 Senior Accountant 86400 101250 116640 Accountant 64530 75870 86400 Junior Accountant 55350 61290 66690 Senior Cost Accountant 93690 104220 115560 Cost Accountant 68580 84240 98550 Property Accountant 70470 82080 97740 Director of Financial Reporting 147690 168750 194130 Senior Financial Reporting Accountant 104490 118260 126630 Financial Reporting Accountant 79380 93960 102870 Revenue Manager 90720 113130 130140 Revenue Accountant 76950 93690 105030

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