Senior Cost Accountant
Mississauga, ON, Canada
Full Time
Experienced
About Us
At Myant, we are creating the world’s first expressive and continuous digital presence platform, enabled by integrating technology directly into clothing and augmented by other devices, wearables, and IOT. We see the evolution of society where every member gets to participate from anywhere and anytime through a whole-body experience, mostly in a passive or ambient manner to foster ubiquitous accessibility. Humans have a fundamental desire and need to be connected to our environment, family, community, and technology. This level of connection will create a paradigm shift in the way we deal with each other, especially from afar, allowing for more meaningful relationships, and more in-depth representation of ourselves.
The need for this type of connection is not new. There are many companies working on ways to connect humans in singularity with technology, however most of these technologies are based on devices that are often used in episodical ways hence, leading to poor adoption or reliability. In general, innovation and technology have delivered significant benefits for many members of society. However, there are those who are left behind, namely the very young, the marginalized, the old and the sick. The challenge of inclusion for those left behind requires us to move beyond device focused strategies, towards an interface that we use naturally, every day. We believe that textile is that primary interface, used in clothing, coverings, carpeting and more, we wear and are surrounded by textiles universally, always.
Such an interface could fuse data with other devices that we use periodically and data with other IoTs in the environment. People could then leverage their physical presence over their digital presence to communicate and share personal wellbeing. This could unlock healthcare that is proactive and preventative, social connectedness that is more profound, enable care distribution models to be seamless and on demand, better fitness insights, safer working environments and more.
The vision for SKIIN -our first consumer-facing brand- is to enhance human ability through connected clothing and textiles. Skiin is in beta-phase market launch and has been recently granted Health Canada medical device license and submitted to FDA for regulatory approval in the US market. The sensors and actuators embedded within our apparel create your Digital Identity, which will be consumed by those who matter to you - your family members, physicians, trainers, other IoT devices - without you consciously having to think about it. The line between the digital and physical world is becoming increasingly blurry and we believe textile is the next medium to bridge that gap.
We are a multi-disciplinary technology team solving big challenges at the intersection of electronics, deep tech., software, design, advanced manufacturing, and data science.
What we offer at Myant:
Role
Responsible for production and inventory analysis by collecting, measuring, and interpreting internal cost accounting information for Myant. Prepare margin and variance analysis along with plant performance measurement reports. Encompass both financial and non-financial data to assist in improving operational efficiency and in providing cost information relevant for managerial decision. A key contributor to the accounting department with the objective of delivering a high level of accuracy, integrity, and timeliness reporting. The individual will work collaboratively with both the accounting team and other departments to achieve corporate objectives, deadlines and enforce corporate policies.
Responsibilities:
At Myant, we are creating the world’s first expressive and continuous digital presence platform, enabled by integrating technology directly into clothing and augmented by other devices, wearables, and IOT. We see the evolution of society where every member gets to participate from anywhere and anytime through a whole-body experience, mostly in a passive or ambient manner to foster ubiquitous accessibility. Humans have a fundamental desire and need to be connected to our environment, family, community, and technology. This level of connection will create a paradigm shift in the way we deal with each other, especially from afar, allowing for more meaningful relationships, and more in-depth representation of ourselves.
The need for this type of connection is not new. There are many companies working on ways to connect humans in singularity with technology, however most of these technologies are based on devices that are often used in episodical ways hence, leading to poor adoption or reliability. In general, innovation and technology have delivered significant benefits for many members of society. However, there are those who are left behind, namely the very young, the marginalized, the old and the sick. The challenge of inclusion for those left behind requires us to move beyond device focused strategies, towards an interface that we use naturally, every day. We believe that textile is that primary interface, used in clothing, coverings, carpeting and more, we wear and are surrounded by textiles universally, always.
Such an interface could fuse data with other devices that we use periodically and data with other IoTs in the environment. People could then leverage their physical presence over their digital presence to communicate and share personal wellbeing. This could unlock healthcare that is proactive and preventative, social connectedness that is more profound, enable care distribution models to be seamless and on demand, better fitness insights, safer working environments and more.
The vision for SKIIN -our first consumer-facing brand- is to enhance human ability through connected clothing and textiles. Skiin is in beta-phase market launch and has been recently granted Health Canada medical device license and submitted to FDA for regulatory approval in the US market. The sensors and actuators embedded within our apparel create your Digital Identity, which will be consumed by those who matter to you - your family members, physicians, trainers, other IoT devices - without you consciously having to think about it. The line between the digital and physical world is becoming increasingly blurry and we believe textile is the next medium to bridge that gap.
We are a multi-disciplinary technology team solving big challenges at the intersection of electronics, deep tech., software, design, advanced manufacturing, and data science.
What we offer at Myant:
- Employee stock options
- Paid Sick Days and Floating Days
- Group Health Insurance Plan
- RRSP matching Plan
- Corporate Events
- Exposure working in one of the most innovative and forward-thinking tech companies.
Role
Responsible for production and inventory analysis by collecting, measuring, and interpreting internal cost accounting information for Myant. Prepare margin and variance analysis along with plant performance measurement reports. Encompass both financial and non-financial data to assist in improving operational efficiency and in providing cost information relevant for managerial decision. A key contributor to the accounting department with the objective of delivering a high level of accuracy, integrity, and timeliness reporting. The individual will work collaboratively with both the accounting team and other departments to achieve corporate objectives, deadlines and enforce corporate policies.
Responsibilities:
- Develop and maintain standard costs and costing model (bill of materials and routings) by collaborating with Purchasing, Production, and Engineering departments.
- Develop new item costings and work with various departments to understand the needs, impacts of various elements and provide guidance.
- Review standard and actual costs for inaccuracies.
- Assess current production processes to identify inefficiencies, ensuring established procedures are followed to minimize errors and optimize resource utilization.
- Develop metrics and tracking system for major cost drivers for PPV analysis comparing actual vs. standard cost and prior year.
- Validate the cost of goods sold as part of the month-end close; review, analysis and report on inventory valuation, raw materials, WIP, direct and indirect labour, overhead costs, and related variances.
- Participate and perform duties that are required for inventory management, auditing and reporting.
- Assist in coordination of the annual and cycle physical inventories, including investigate inventory counting variances and resolve issues.
- Act as the subject matter expert for reporting in ERP system from a costing and manufacturing perspective.
- Conduct in-depth analysis to support decision-making, including variance analysis, cost-benefit analysis, budgeting and forecasting.
- Monitor and analyze costs to identify areas for cost reduction and efficiency improvements. Collaborate with cross-functional teams to identify areas of opportunity within operations/supply chain to track inventory movements and support the inventory reconciliation process.
- Develop and maintain key performance indicators to track operational performance and provide regular reporting to management.
- Capital expenditure evaluation and reporting.
- Provide reports to various departments on a regular basis related to variances, labor hours, downtime, efficiency, labor costs, line time usage, volumes, material usage etc.
- Analyze costs, projections and participate in the budgeting process.
- Validate data and ensure accuracy of data, data analysis and reporting.
- Ensure compliance with the financial policies and procedures, as well as working with departments to ensure regulatory requirements and internal control practices are being followed.
- Lead tasks and/or support Senior Accountant & Accounts Payable Coordinator, with preparation of financial statements, payroll, reconciliations, audits, entries, payments and transfers, and other reports, as and when assigned.
- Lead and/or support projects and tasks within and outside department.
- Perform other duties as assigned.
- Accounting Designation CPA (CA, CMA, CGA) and 5+ years of experience within a plant-based operation costing position.
- Effective time management, presentation, and organizational skills.
- Strong analytical, numerical proficiency and use of logic, strong personal organization, good communication, and problem-solving skills.
- Able to work both independently and as part of a team.
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