Cost Analyst
- Toronto, ON, Canada
$75,250 to $86,500 CAD / year · Full-time
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Job details
- Pay
- $75,250 to $86,500 CAD / year
- Job type
- Full-time
- Apply by
- Education
- Bachelor’s degree
- Experience
- Experience in cost analysis or financial analysis: 3+ years
- Posting language
- English
- Posted
Original job description
Role Summary
Olli Brands Inc. (OBi) is redefining what cannabis products can be. Known for its premium edibles, the company brings together meticulous manufacturing, precise dosing, and bold, flavour forward design to create products that feel intentional, elevated, and genuinely enjoyable. Built at the intersection of craft, compliance, and culture, OBi breaks away from the ordinary to deliver products that enrich the consumer experience while meeting the highest standards of quality and regulatory excellence
The Cost Analyst will be responsible for analyzing and monitoring Olli Brands' costs to help optimize expenses and improve profitability. This role involves conducting cost analyses, determine product cost, lead inventory counts, preparing reports, and providing insights to support decision-making processes across various departments. The successful candidate will work closely with finance and operations teams to ensure accurate cost management and reporting.
Responsibilities
Olli Brands Inc. (OBi) is redefining what cannabis products can be. Known for its premium edibles, the company brings together meticulous manufacturing, precise dosing, and bold, flavour forward design to create products that feel intentional, elevated, and genuinely enjoyable. Built at the intersection of craft, compliance, and culture, OBi breaks away from the ordinary to deliver products that enrich the consumer experience while meeting the highest standards of quality and regulatory excellence
The Cost Analyst will be responsible for analyzing and monitoring Olli Brands' costs to help optimize expenses and improve profitability. This role involves conducting cost analyses, determine product cost, lead inventory counts, preparing reports, and providing insights to support decision-making processes across various departments. The successful candidate will work closely with finance and operations teams to ensure accurate cost management and reporting.
Responsibilities
- Analyze cost data to identify trends, variances, and opportunities for cost reduction and efficiency improvements.
- Determine product costing and define each cost element.
- Assist in determining product selling price, providing viable gross margins.
- Lead month end and weekly physical inventory counts of raw materials, packaging, WIP, and FG. Forecast inventory requirements.
- Time tracking Labour for each manufacturing step
- Negotiate with suppliers
- Prepare and maintain detailed cost reports, budgets, and forecasts to support financial planning and decision-making.
- Collaborate with departmental managers to develop accurate cost estimates for new projects and initiatives.
- Monitor ongoing costs and expenditures, ensuring adherence to budgetary constraints and financial policies. Conduct variance analysis against budget.
- Assist in the development and implementation of cost control measures and processes.
- Support audits and financial reviews by providing necessary documentation and explanations of cost-related activities.
- Develop and maintain cost models and tools to facilitate analysis and reporting.
- Stay current on industry trends and best practices related to cost management and analysis
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field required.
- Professional certifications (e.g., CPA, CMA, or equivalent) are a plus.
- Experience in cost analysis or financial analysis: 3+ years
- Familiarity with budgeting and forecasting processes: 2 years
- Experience in manufacturing industry (with or without food) an asset
- Strong analytical and problem-solving skills
- Excellent verbal and written communication abilities.
- Strong math skills.
- Understanding of GAAP.
- Proficiency in financial modeling and cost analysis techniques.
- Experience with Power BI implementation and product controls
- Advanced knowledge of Excel, Power BI and financial software (e.g., ERP systems).
- Ability to work independently and manage multiple priorities.
- Strong attention to detail and accuracy.
More about this job
Responsibilities
Analyze and monitor costs, determine product costs and selling prices, lead inventory counts, and track manufacturing labor. Prepare cost reports, budgets, and forecasts; conduct variance analysis; support cost controls and audits; and collaborate with finance, operations, and departmental managers to improve profitability.
Requirements
A bachelor's degree in Finance, Accounting, Business Administration, or a related field is required, along with at least three years of cost or financial analysis experience and two years of budgeting and forecasting experience. Candidates should have strong analytical, communication, math, and Excel skills; understand GAAP; and be proficient in Power BI, financial modeling, and financial software, with manufacturing experience considered an asset.
Skills
- Cost Analysis
- Product Costing
- Inventory Management
- Cost Forecasting
- Labor Tracking
- Supplier Negotiation
- Budgeting
- Variance Analysis
- Cost Control
- Financial Modeling
- Power BI
- Advanced Excel
- ERP Systems
- GAAP
- Analytical Problem-Solving
- Financial Reporting
Visa sponsorship
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Categories
- Finance & Accounting
- Data & Analytics
- Manufacturing
- Food & Beverage
Keywords
- Cost Analysis
- Product Costing
- Cost Elements
- Gross Margins
- Inventory Counts
- Raw Materials
- Packaging
- Work In Progress
- Finished Goods
- Inventory Forecasting
- Labor Tracking
- Supplier Negotiation
- Cost Reports
- Budgeting
- Forecasting
- Variance Analysis
- Cost Control
- Financial Planning
- Cost Models
- Power BI
- Microsoft Excel
- ERP Systems
- GAAP
- Financial Modeling
- Manufacturing
- Audits
- Product Controls
- Cannabis Products
- Regulatory Compliance