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ATS Company:  ATS Automation Tooling Systems
Requisition ID:  4416
Location: 

Cambridge, ON, CA, N3H 4R7

Date:  Jul 5, 2021

Cost Analyst

 

Job Description

MAJOR DUTIES:

The Cost Analyst is responsible for all finance activities related to the FEOTB & bid process. In addition, the financial management of programs, including financial performance reporting, measuring, cost accounting, internal controls, budgeting, forecasting, asset management and cash management in support of the program management team. Working with Finance team on month end close/reporting, reconciliations, cash forecasting, foreign exchange analysis, audits, preparation of accurate and timely financial reports.

SPECIFIC RESPONSIBILITIES:

FEOTB SUPPORT

•    Supporting the bid approval process, working closely with account managers & the Director, Applications
•    Ensuring any financial risks are mitigated (credit/FX/transfer pricing/taxes) & building in cost of financing & EDC costs to any all bids
•    Driving the culture of “value selling”, “lowest cost compliant solution” & “separation of cost & Sell”
•    Actively participating at cost reviews & supporting applications with requests for historical data.

OPERATIONAL SUPPORT

•    Analyzing various profit streams and identification of key opportunities
•    Developing and implementing continuous improvement initiatives with respect to the finance processes with the ATS Code of Business Conduct.
•    Providing early warning of risks along with opportunities to allow accurate, timely information for business decision making including review and investigation of monthly cost variances. 
•    Reviewing project scope change and change order requests for proper justification, schedule impacts, and adequate budget and funding.
•    Working with Project Managers to forecast work required to complete the project after identification of any scope/cost/schedule issues. 
•    Reporting project cost and schedule status to management for internal reviews as well as analyzing cost variances and recommending corrective actions for capital projects. 
•    Ensuring that all project tasks are identified, and resource needs are properly estimated on capital projects.
•    Initiating & implementing follow-up measures to support the accomplishment of financial targets, and highlight areas needing improvement.
•    Ensuring that project billing milestone schedules are met that customer invoices are prepared accurately and on a timely basis.
•    Working in coordination with contract administrators on contract budgets, progress payments, valuation of contract variations and compensation events as well as contract financial close-out. 
•    Working with the Manager Programs, Planning & Analysis to identify cost savings opportunities, and opportunities for efficiency gains in day to day operational activities

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FINANCIAL REPORTING AND ACCOUNTING

•    Supporting of the annual planning process at the program level (B/R/E/C/WC) 
•    Preparing weekly/monthly program forecasts (B/R/E/C/WC) & analyzing variances between actuals, forecasted & planned results.
•    Preparing & analysis of the weekly Quarterly Outlook/ Ops report & MBR specific to this business unit
•    Responsible for setting up project summary information sheets, receiving and reviewing work and task orders and ensuring pertinent billing information is set up for invoicing.
•    Responsible for the Monthly reconciliation of any B/S accounts associated with the business unit.
•    Responsible for analyzing and forecasting project costs; as well as developing, preparing, collecting and reporting on schedule and cost data for monthly project reports. 
•    Creating and managing detailed project information related to contractual schedule, scope and cost for submittal to program management. 
•    Setting up, tracking and analyzing labor hours and associated costs using the ERP system. 
•    Responsible for ensuring that the Cambridge Systems Division financial reporting is in accordance with IFRS.
•    Responsible for preparing audit working papers on a quarterly basis, ensuring that all accounts are reconciled.
•    Developing and/or preparing specific financial analysis as assigned by the Director, Finance.
•    Liaising with professional advisors on legal, audit and accounting matters as required.
•    Preparation month end adjusting entries & reconciliations as required, along with Project register monthly reporting.
•    Intercompany reconciliations and reporting & assisting with other monthly Corporate reporting 
•    Co-lead physical inventory counts and performing resulting financial analysis
•    Assisting with cash forecasting & Forecast foreign cash flows for determination of hedge settlement
•    Assist with internal and external audits
•    Ensure integrity in ERP system for inventory and G/L 
•    Preparation of foreign exchange analysis & assisting with Treasury forecast
•    Assist with other duties as required

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INTERNAL CONTROL, POLICIES AND PROCEDURES

•    Maintaining the accounting records in a timely, accurate and complete manner.
•    Ensuring that policies and procedures are adhered to in a consistent manner within the division, and that the financial reporting standards are applied consistently.  Regularly review policies and procedures with Manager, Financial Reporting & Compliance, to develop an ATS best practice approach for the financial management of the company.  
•    Reviewing and assessing areas of business risk within the division, and, working with the Manager Financial Reporting & Compliance to develop policies to minimize or eliminate that risk where possible.
•    Ensuring the safeguarding of company assets.

HUMAN RESOURCES

•    Developing and managing a plan for ensuring that the financial reporting requirements and internal control requirements are met within the business unit.
•    Developing, mentoring and cross-training personnel, not only to satisfy reporting and control requirements, but also to ensure proper succession planning 
•    Work with financial staff to set objectives and monitor performance throughout the year through the use of scorecards and performance appraisals.
•    Ensure that all business activities are performed with the highest ethical standards and in compliance with the ATS Code of Business Conduct.

Additional Information

QUALIFICATIONS:

Education:

  • A university degree or college diploma in business and/or accounting or equivalent business experience is required.  Must have or be working towards a professional accounting designation (CPA).

Experience:

  • A minimum of 2 years of cost accounting experience is preferred; preferably in a job shop manufacturing or construction environment using the percentage of completion method of accounting.  Individual must have the ability to communicate efficiently and effectively with people at all levels of the organization both verbally and in written form.  Advanced knowledge of an ERP system (preferably JD Edwards) and advanced knowledge of Excel/VBA is required.  In addition, the ability to work with minimal supervision and guidance in a team-oriented work environment is mandatory.  Strong analytical, financial reporting and accounting skills as well a continuous improvement orientation are keys.  Finally, the person must be hands-on, detail oriented and able to consistently meet deadlines, able to work in a fast-paced environment, and have a willingness to get their hands dirty and to resolve complex issues.
     

Join the Winning Team at ATS Automation, a great place to automate your future! Take your place among the best in the business, and grow your career with the Life Sciences division at ATS Automation. Join an environment where a passion for innovation is combined with an uncompromised commitment to quality.

We attract some of the most talented and motivated individuals from a range of fields, with our global offering and growth opportunities as we expand on a global scale.

 

 

Why Join ATS?​

  • Be a part of a global organization that is a leader in its industry
  • Subsidized breakfast and lunch daily; free gourmet beverages - coffee, tea and hot chocolate. Plus, Treat Day is every other week!
  • Monthly “In-Chair Massage” clinic on-site with a Registered Massage Therapist
  • Ability to participate in a variety of charitable events
  • Social Club that offers BBQs and other social events throughout the year
  • Work with other bright, talented people and discover opportunities for professional growth
  • And much more!

ATS is in compliance with the Accessibility for Ontarians with Disability Act (AODA), 2005 and will, upon request, assist those who may require specific accommodations due to a personal disability. We would ask that those who require assistance to notify our offices as soon as possible if accommodation is necessary.

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