Cost Accounting Manager (Hybrid)

At Benjamin Moore, we empower our team members to achieve their goals and make a positive impact in our communities. We offer a rewarding and inspiring work environment that fosters creativity, collaboration, and a strong sense of camaraderie. Our culture of excellence and transparency encourages our colleagues to bring their authentic selves and unique perspectives/ideas every day.With 140 years of rich history behind our brand, we know that our people are the driving force behind our success.We believe in investing in our colleagues by offering competitive benefits, learning/continuing education and skill development. Through a positive and engaging workplace, we facilitate growth, development, and fulfillment for all.

Join us and be a part of a brand that inspires creativity, innovation, and passion in support of locally-owned stores around the world.

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Job Summary

The Cost Accounting Manager is responsible the maintenance of the standard cost system, manufacturing accounting and analysis, variance reporting, and accurate bill of materials (BOM)/assemblies in a completely integrated ERP environment. This role is responsible to ensure that the company is adhering to GAAP and company policy and procedures. Additionally, this position is accountable for the development and coaching of staff. The ideal candidate will have a record of improving, automating and streamlining procedures while consistently achieving corporate financial goals.

This position reports to the Director of Financial Reporting and Costing Accounting may have a direct report.

Key Responsibilities

• Review and analyze cost accounting data and assist with cycle count/physical inventories
• Oversee preparation of and review monthly end close journal entries for Inventory and Cost of Goods Sold
• Oversee preparation of and review monthly general ledger account reconciliation and analysis for Inventory accounts
• Prepare inventory and cost of goods sold monthly reporting package and supporting analyses to identify and explain trends, variances from expected and historical results, and potential issues and opportunities in the inventory, cost of sales, gross margin financial statement accounts. Analyze manufacturing, distribution and logistics cost and volume trends, by cost type, plant and DC. Work with Operations, Logistics and Supply Chain teams on follow-up reviews as needed.
• Oversee the monthly valuation of US and Canadian inventory, including LIFO, excess and obsolete, and other reserve adjustments; cap and roll of variances; revaluation of inventory; and elimination of profit in inventory. Ensure journal entries are reviewed and approved, and all account analyses are correctly prepared. Must be able to identify and address potential errors in financial statement accounts.
• Work with FP&A on the development of annual standard cost updates, based on Plant and DC cost center budgets and production/shipping volume budgets.
• Work with Procurement on inventory valuations used in support of subcontracting and raw material sales transactions.
• Work with Operations in planning the annual physical inventory, overseeing the appointment and scheduling of auditors for selected locations. Review and summarize overall audit results.
• Act as liaison with internal and external auditors relating to cost accounting inquiries, when needed.
• Review and implement new accounting pronouncements related to inventory.
• Review existing operating procedures, identify gaps and process improvement opportunities, and implement corrective action. Ensure procedures are properly documented in the event of staff turnover. Establish procedures to detect and correct data entry errors in procurement and operations that could result in inventory valuation errors.
• Train, develop and lead staff.
• Special projects as required.
• Must be available for travel and weekend work, as necessary (Less than 5%).

Required Skills

• 10+ years' experience in Cost Accounting in a manufacturing environment.
• Extensive SAP manufacturing and accounting (FI/CO) knowledge. Excellent Microsoft Office skills, particularly Excel.
• Bachelor's degree in accounting or finance. CPA, CMA or MBA a plus.
• Possess strong managerial and leadership skills. Must be able to train and develop staff.
• Strong Communication, Analytical and Presentation Skills.
• Ability to manage projects as needed and meet financial reporting deadlines.
• Thinks proactively and has the ability to add value through creative, flexible work solutions (i.e., independence of thought) while exercising sound/professional judgment. Must be able to work independently with little supervision. Strong problem-solving skills and the ability to research and resolve accounting issues.
• Self-directed, highly driven, with a strong business sense and professional presence
• Strong customer focus dedicated to meeting expectations and requirements of internal and external customers
• Seen as a team player that encourages collaboration and quickly gains trust and support of peers. Finds common ground and solves problems for the benefits of all
• Manage multiple tasks and projects with the ability to prioritize and respond quickly to customer requests based on shifting priorities
• Analyze, investigate and resolve issues related to daily work by applying knowledge of policies, procedures and internal processes
• Ability to drive for results to complete goals successfully
• Align and operate within the company's core ethics and values

Compensation Philosophy

At Benjamin Moore, our brand represents excellence, and we strive to provide a comprehensive total rewards package to match. In addition to competitive base salary, every exempt and non-exempt role in our organization is eligible for a performance-based annual raise and bonus in recognition of their efforts that contribute to the success of our organization. We conduct regular pay audits, using both external market data and internal comparisons to ensure that our employees are compensated fairly and equitably.During our annual compensation review, we implement merit, equity, and promotion increases after a full calibration across all roles. We believe that benefits should connect you to the support you need when it matters most. In addition to our monetary compensation package, Benjamin Moore provides a full range of benefits that are personalized to help support you physically, financially, and emotionally, both through the big milestones and in your everyday life.

Diversity, Equity & Inclusion

At Benjamin Moore, we believe diversity of culture, talent, and varying perspectives is key to a collaborative, innovative, and successful business. We are committed to driving change within our organization through purposeful Diversity, Equity & Inclusion (DE&I) efforts, while also focusing on our customers and communities in which we serve. Our DE&I efforts allow each of us to authentically live our corporate values of Openness, Integrity, Community, Excellence and Safety. Our Social Impact programming of strategic local and national partnerships, in-kind donations, volunteerism, and more expands our ability to make a difference in the lives of all of our stakeholders. We hope you will join us and become an advocate for diversity and inclusion here at Benjamin Moore.

At Benjamin Moore & Co, we don't just accept difference — we celebrate it, we support it, and we thrive because it benefits our employees, our products, and our community. We are an equal opportunity employer and value diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. Benjamin Moore is proud to be an equal opportunity employer.

Student Loan Repayment Assistance Program

Benjamin Moore provides Student Loan Repayment Assistance Program to support eligible active employees who graduated from an accredited post-secondary educational institution. The Repayment Program is intended to contribute to reducing employee's student loans. The Company follows all rules and regulations concerning the taxability of student loan repayments provided under applicable law.

EOE

Benjamin Moore & Co. is an equal-opportunity employer that is committed to a culture of inclusion and diversity. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law.Our commitment to these principles means all employment decisions are made based on qualifications, merit, and business need.