Change the future with us.

We are looking for dedicated and talented people who tackle ever-changing challenges, customer needs, and questions from colleagues with clever concepts and creativity. We embrace change and work with curious minds re-inventing the future of work. Join us and let us focus together on what’s truly important: making lives better with new ideas and the latest technology around the world.

Why you’ll love working for Siemens!

Freedom and a healthy work- life balance– Embrace our flexible work environment with flex hours, telecommuting and digital workspaces. Solve the world’s most significant problems – Be part of exciting and innovative projects. Engaging, challenging, and fast evolving, cutting edge technological environment. Opportunities to advance your career and mentorship programs on a local and global scale. Competitive total rewards package. Profit sharing available. Rewarding vacation entitlement with the opportunity to buy and sell your vacation depending on your lifestyle. Contribute to our social responsibility initiatives focused on access to education, access to technology and sustaining communities and make a positive impact on the community. Participate in our celebrations, social events and offsite business events. Opportunities to contribute your innovative ideas and get paid for them! Employee perks and discounts. Diversity and inclusivity focused.

Siemens is proud to be an eight-time award winner of Canada’s Top 100 Employers, Canada’s Greenest Employers 2025 and Canada’s Top Employers for Young People 2025.

What will you do?

A key financial partner to the business, the Cost Accountant manages and analyzes product costs, tracks variances, and delivers actionable insights to optimize profitability. It ensures compliance with policies and regulations while collaborating with cross-functional teams to monitor cost drivers and recommend improvements. The role champions initiatives to improve efficiency and drive cost savings—placing a strong emphasis on digitalization, automation, and the standardization of costing and reporting processes to support strategic growth, while remaining adaptable to evolving business needs.

Maintain and analyze standard product costs - including materials, labor, and overhead - and manage product groups, overhead groups, and profit centre codes within the ERP system Update standard material costs annually and perform cost calculations for new materials introduced during the fiscal year. Calculate, monitor, and report manufacturing and sales variances, investigating deviations from standard costs and budget. Prepare and deliver monthly cost and margin analysis, utilization reports, over/under absorption, and account reconciliations, to support management decision-making and month-end closing processes. Assist with budgeting and forecasting by preparing detailed plans by product, cost, and revenue, collaborating with relevant departments to ensure accurate financial projections and support strategic planning. Collaborate with cross functional teams to monitor cost drivers and recommend improvements; provide accurate costing data to support cost control and reduction initiatives. Analyze profitability by product, customer, or segment as required. Control, monitor and prepare monthly journal entries for work in process, unbilled contracts and warranty; calculate warranty accrual rate for eligible products and sales annually. Ensure compliance with internal controls, accounting policies, and relevant financial regulations. Support audits by preparing documentation and responding to cost accounting inquiries. Participate in global projects and initiatives related to process improvement, ERP system, and cost methodology standardization. Lead and support initiatives to identify, calculate, and track cost savings and efficiency improvements related to product costing and manufacturing processes, with a strong focus on the digitalization and automation of processes, reporting, and operational workflows. Perform other related duties as assigned.

What will you need to succeed?

Bachelor’s degree in Accounting, Finance, or related fields Minimum of 3 years of experience in a similar role in a manufacturing company is strongly preferred Experience in cost accounting, inventory management, and ERP (SAP) Knowledge of accounting principles like GAAP/ IFRS/ ASP Advanced Excel skills Strong leadership and team management skills

Assets

CPA is preferred Experience in electronics or product manufacturing companies Experience with digitalization and automation of accounting/ costing activities Knowledge of using Power BI Experience working in complex global environments

About us.

We share our ideas and champion the people behind them.

Siemens Canada is a leading technology company focused on industry, infrastructure, mobility and healthcare. The company’s purpose is to create technology with purpose, transforming the everyday, for everyone, since 1912. By combining the real and the digital worlds, Siemens empowers its customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more liveable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

In fiscal 2024, which ended September 30, 2024, Siemens Canada had revenues of approx. $2.2 billion CAD. The company has approximately 4,400 employees from coast-to-coast and 37 office and production facilities across Canada.

To learn more about Siemens Canada, visit our website at www.siemens.ca

While we appreciate all applications we receive, we advise that only candidates under consideration will be contacted.

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