Cost Accountant at Cyclic Materials in Toronto
- Company: Cyclic Materials
- Location: Toronto
- Posted: Sep 24, 2026
- Type: Full-time
- Salary: $65,000 - $85,000 CAD
- Experience: 5+ years
Overview
The opportunity Cyclic Materials is building a circular supply chain for rare earth elements and other critical materials. We are seeking a hands-on Cost Accountant to strengthen cost visibility, inventory integrity, and financial decision-making across our Canadian and US manufacturing operations.
Job description
- The opportunity
- Cyclic Materials is building a circular supply chain for rare earth elements and other critical materials. We are seeking a hands-on Cost Accountant to strengthen cost visibility, inventory integrity, and financial decision-making across our Canadian and US manufacturing operations.
- This role is ideal for a manufacturing finance professional who enjoys working close to the plant floor. You will own core cost-accounting processes, partner with Operations and Supply Chain, and turn production data into practical insights that improve margins, working capital, and operational performance.
Responsibilities
- Maintain and continuously improve the standard cost system for raw materials, work in process, finished goods, labour, burden, and manufacturing overhead.
- Prepare and explain monthly production variances, including purchase price, material usage, labour efficiency, yield, scrap, volume, and overhead absorption.
- Lead cost-accounting activities for month-end close, including inventory valuation, accruals, journal entries, account reconciliations, and cost-of-goods-sold analysis.
- Perform inventory reconciliations and cycle-count analysis; investigate discrepancies and support corrective actions that strengthen inventory accuracy and controls.
- Develop product, process, and customer profitability analysis to support pricing, make-versus-buy decisions, sourcing choices, and capacity planning.
- Support annual budgeting, forecasting, and periodic reforecasting for manufacturing costs, inventory, capital projects, and plant performance.
- Support capital-expenditure tracking, project cost reviews, fixed-asset accounting, and post-investment analysis in collaboration with project owners.
- Contribute to external audits, internal controls, accounting-policy compliance, and the documentation of scalable processes as the business grows.
Requirements
- Bachelor’s degree in accounting, finance, business, or a related discipline; CMA strongly preferred.
- Four to five years of progressive accounting experience in an industrial manufacturing environment, with meaningful responsibility for cost accounting and inventory.
- Strong knowledge of standard costing, manufacturing variances, inventory valuation, cost of goods sold, and month-end close.
- Hands-on experience using Microsoft Dynamics – Business Central ERP is a definite advantage.
- Experience working with ERP and manufacturing systems; comfort extracting, reconciling, and analysing high-volume operational and financial data.
- Advanced Excel skills, including pivot tables, lookup functions, data modelling, and clear management reporting.
- Sound understanding of Canadian accounting requirements and internal-control principles; experience with USGAAP and IFRS is an asset.
- Strong analytical judgment and the ability to move from a variance or data issue to root cause, business impact, and practical action.
- Clear communication skills and the confidence to work constructively with production, engineering, procurement, and senior finance stakeholders.
- Demonstrated attention to detail, ownership, and the ability to manage deadlines in a dynamic, scaling organization.
- Highly preferred: a US or Canadian CMA designation, or active and demonstrable progress toward completing the Cost Accounting program. Equivalent combinations of relevant education and directly applicable manufacturing cost-accounting experience may be considered.
Skills
Required
- Standard costing
- Manufacturing variances
- Inventory valuation
- Cost of goods sold
- Month-end close
- ERP and manufacturing systems
- Analytical judgment
- Communication skills
- Attention to detail
- Ownership
- Deadline management
Preferred
- USGAAP and IFRS
- CMA designation
Benefits
- At Cyclic Materials, we're dedicated to supporting our workforce on their unique career journey
- We offer a competitive compensation package including Health and Dental coverage, RRSP (Canada)/ 401K (USA) contributions and a generous paid time off program that lets you recharge
- We value diversity and are committed to maintaining a workplace where everyone is respected and recognized for their contributions
- The base compensation offered is determined based on the successful candidate’s relevant experience, skills, and competencies and considers internal equity.
- $65,000 - $85,000 CAD
About Cyclic Materials
Cyclic Materials is building a resilient circular supply chain for rare earth elements and other critical materials. Through our fully integrated proprietary technology platform, we recover rare earths from end-of-life products and transform them into high-purity materials used to produce new permanent magnets. These magnets are critical to the modern economy, underpinning AI, automotive, e-mobility, electronics, semiconductor, energy, defense, and other advanced manufacturing sectors. Founded in 2021, Cyclic Materials has rapidly become a category leader in rare earth recovery, achieving commercial operations in less than five years. We currently operate facilities in Ontario and Arizona, with further expansion underway in South Carolina. Backed by investment accounts advised by T. Rowe Price Associates, Inc., alongside strategic investors including Microsoft, Amazon, Hitachi Ventures, BMW i Ventures, Jaguar Land Rover’s InMotion fund, Energy Impact Partners, ArcTern Ventures, and Fifth Wall, we are scaling quickly and building the industrial backbone required to meet growing global demand for a secure and sustainable supply of rare earths. We have established an extensive and growing network of commercial partnerships with global industry leaders such as Solvay, Vattenfall, Lime, and VACUUMSCHMELZE, enabling the rapid deployment of recycled rare earth materials into real-world supply chains. Joining Cyclic Materials means tackling complex and exciting challenges at scale alongside a team committed to strong execution and measurable impact. If you are motivated by building critical infrastructure and advancing the circular economy, join us and help accelerate the growth of rare earth recycling.