Job Description:
Job Title: Cost Accounting Analyst(New Joint Venture)
The Impact You99ll Make in this Role
Position Summary
TheCost Accounting Analystis a key finance partner supporting U.S. operations, with a strong emphasis on cost accounting, inventory management, and operational performance. This roleis responsible fordrivingaccurateproduct costing, analyzing manufacturing and operational variances, and ensuring financial discipline across the business.
Working within a newly formed Joint Venture between 3M and Bain Capital, this is a hands-on, high-impact role that combines deep cost accountingexpertisewith cross-functional collaboration to improve financial visibility, decision-making, and overall performance in a fast-paced environment.
What99ll99 Do
- Serve as a finance lead for cost accounting and operational performance,providingactionable insights on cost drivers, efficiencies, and profitability across U.S. operations.
- Analyze andmonitorstandard costs,manufacturingand operational variances (labor, overhead, material), and absorption,identifyingroot causes and driving corrective actions.
- Partner with operations and functional leaders to improve cost control, productivity, and efficiency through data-driven analysis.
- Lead inventory accounting and controls, including cycle counts, physical inventories, obsolescence, and reserve analysis to ensure accuracy and compliance.
- Own and support month-end close activities, including cost allocations, inventory valuation, and variance reporting.
- Lead and support budgeting and forecasting processes, with a focus on cost structures, volume assumptions, and operational drivers.
- Provide financial analysis for capital investments, cost savings initiatives, and continuous improvement efforts, including ROI tracking and post-implementation reviews.
- Ensure compliance with financial controls, SOX requirements, and accounting policies, particularly related to cost and inventory accounting.
- Collaborate cross-functionally with Operations, Supply Chain, Procurement, and Finance to improve cost transparency and performance across the broader organization.
- Identifyand drive process improvements in cost accounting, reporting, and financial systems, enhancing accuracy, efficiency, and scalab
RequiredQualifications
- Bachelor99s degree in Finance, Accounting, Engineering, or related field
- Minimum 5 years of experience in finance and/or accounting, preferably in a manufacturing or operations-focused environment
- 5 or more years of strongexpertisein cost accounting, standard costing, and variance analysis
- 5 or more years of experience with inventory accounting and operational finance processes
Preferred Qualifications:
- Experience with inventory accounting and operational finance processes
- Experience with ERP systems (e.g., SAP or similar systems)
Work location:
Travel: May include up to 10% domestic/international
Relocation Assistance: Is not authorized
Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).
Supporting Your Well-being
3M offers many programs to help you live your best life 6 both physically and financially. To ensure competitive pay and benefits, 3M regularly benchmarks with other companies that are comparable in size
and scope.
Chat with Max
For assistance with searching through our current job openings or for more information about all things 3M, visit Max, our virtual recruiting assistant on 3M.com/careers.
Applicable to US Applicants Only:The expected compensation range for this position is $109,202 - $133,469, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate99s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/.
All US-based 3M full time employees will need to sign an employee agreement as a condition of employment with 3M. This agreement lays out key terms on using 3M Confidential Information and Trade Secrets. It also has provisions discussing conflicts of interest and how inventions are assigned. Employees that are Job Grade 7 or equivalent and above may also have obligations to not compete against 3M or solicit its employees or customers, both during their employment, and for a period after they leave 3M.
Learn more about 3M99s creative solutions to the world99s problems at www.3M.com or on Instagram, Facebook, and LinkedIn [redacted].
Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.
Safety is a core value at 3M. All employees are expected to contribute to a strong Environmental Health and Safety (EHS) culture by following safety policies, identifying hazards, and engaging in continuous improvement.
Pay & Benefits Overview: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/
