Title: Cost Accountant Associate
Waterdown, ON, CA, L9H 0C5
Cost Accountant Associate
Reference #26966
Waterdown, Ontario
About L3HARRIS WESCAM
As a subsidiary of L3Harris Technologies and within the Integrated Mission Systems Segment, the WESCAM division develops the most advanced optical sensor and targeting systems for global defense and military sectors, National Security, Search & Rescue and Airborne law enforcement agencies. From long-range covert surveillance missions to search and rescue operations, our MX-series systems, and the mission systems solutions they are a part of, produce stabilized high-magnification electro1-optical and infrared images from airborne, marine and ground based platforms, enabling our customers to see first and act first.
About the Role
Performs a variety of general accounting support tasks. Checks and verifies records, posts ledger and general journal entries and/or balances accounts payable and accounts receivable records. May estimate, control or monitor portions of program budgets or assist in generating some cost proposals. May reconcile financial statements/reports, investigate questionable data, and recommend actions to resolve discrepancies. Uses office automated systems to input data, generate reports, conduct specialized research projects and respond to inquiries. May maintain a complete and systematic set of transactions in a specific phase of accounting.
Primary Responsibilities
- Perform month-end closure tasks in relation to cost of sales and inventory
- Cost Accounting
- Prepare month-end balance sheet account reconciliations for inventory related accounts
- Prepare support for and process necessary journal entries related to inventory
- Analyze standard cost variances (purchase price variances (PPV), efficiencies, etc)
- Perform standard cost rolls
- Project costing analysis (transfer, reclassification)
- Analysis of quarter end inventory balances vs prior year
- Work closely with the Procurement and Materials teams to analyze and manage inventory levels
- Understand and comply with SOX controls for Inventory
- Liaise with internal auditors, external auditors and Corporate office and provide financial data where necessary
- Participate in monthly forecast for Cost of Sales, and Inventory
- Perform forecast to actual analysis on various departmental spend
- Prepare reserve analysis for inventory
- Participate in the year end standard cost roll-up process
- Research US GAAP and recommend conclusions in relation to Inventory
- Ad hoc tasks assigned by the Manager and continuous improvement projects
Required Capabilities
- Fast learner with time management and organizational skills
- Experience with SQL, database query applications
- Advanced knowledge in MS Excel and knowledge of other Microsoft applications
- Knowledge of GAAP (Canadian or US)
- Analytical skills
- Cost accounting skills. (Focus on standard costing environment, Item Masters, BOM’s, Routings)
- Ability to adapt and respond quickly to urgent business requests
- Team player attitude, ability to develop strong working relationships with related key managers and support staff
- Excellent written and verbal communication skills
- Strong process improvement orientation
Desired Education and Experiences
- Bachelor's degree with 0 to 2 years of prior related experience.
- Requires Broad Theoretical job knowledge.
- in lieu of a degree, a minimum of 4 years of prior related experience
Diversity & Inclusion
We believe that diversity among our employees makes us a stronger organization.
We are committed to diversity and inclusion within our L3Harris WESCAM family, and our community by welcoming and encouraging applications from anyone interested without regard to race, colour, religion, gender, sexual orientation, gender identity, national origin, age, disability, protected veteran's status, Aboriginal status or any other legally-protected groups. For people with disabilities, we work with you throughout the recruitment process to ensure you have what you need in order to be at your best. If you require any accommodation for any part of the recruitment/interview process, or as you begin your career with us just let us know and we will take care of you.
This job description is not intended to be an all-inclusive list of responsibilities, skills, efforts or working conditions associated with this job. Management reserves the right to modify, add or remove duties as necessary.
