Sherwin-Williams

Finance Manager - Cost Accounting, LIFO and Capitalizations

Sherwin-Williams$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Accounting, Finance, or Business
  • 5+ years of accounting experience
  • Proficiency in Microsoft Excel
  • Legal authorization to work in the U.S. without sponsorship
  • Must be at least 18 years of age

Responsibilities

  • Manage company-wide LIFO reserve and related forecasting
  • Conduct detailed reviews of the LIFO process and update SOPs
  • Oversee Material and Conversion Capitalization for domestic and international
  • Assist in developing annual raw material standard costs and overheads
  • Support audit reviews on a scheduled basis
  • Implement process improvements and best practices
  • Engage in strategic responsibilities and initiatives as assigned

Benefits

  • Full-time position at Global Headquarters in Cleveland, OH
  • Collaboration with cross-functional teams
  • Opportunities for professional development through process improvement initiatives
  • Involvement in strategic projects related to global integration
  • On-site position with limited travel requirements
Full Job Description
Job Description

The 'Cost Accounting Manager - LIFO & Capitalizations' position is a key member of the Enterprise Finance Global Cost Accounting Team - which holds global responsibility for costing-related functions across our Regions and ERP platforms. Within the Global Cost Team, this position is primarily responsible for maintaining the company-wide LIFO reserve (Distribution, Stores, and Corporate), material capitalization, and conversion capitalization calculations. This role requires strong technical and analytical skills in Excel and OneStream, strong attention to detail, and prior knowledge of LIFO/FIFO inventory and standard costing methods. In addition to those core responsibilities, this role will also be responsible for helping to support the passthrough process, raw material costing and variance accounting, and other strategic projects as identified by leadership. This position will work cross-functionally with various members of the R&C (Reporting & Controls), SBS (Shared Business Services), GSC (Global Supply Chain), and Commercial Selling divisions in the execution of these responsibilities.

This position is not hybrid/remote and will be located at our Global Headquarters in Cleveland, OH.

Responsibilities

CORE RESPONSIBILITIES AND TASKS
  • Manage the company-wide LIFO reserve (Distribution, Stores, and Corporate), including monthly LIFO income/expense forecasting and year-end actual calculations. This includes calculating LIFO based on inventory at actual cost (standard cost + material and conversion variances), ensuring all inventory-related costs and absorption are captured and properly assigned to inventory pools, and preparing Reporting Package for the management with explanations of key drivers impacting LIFO.
  • Performing a detailed review of the LIFO process, including suggestions for enhancement. Update or compile strong SOPs in support of executing the process. Cross train other team members on the LIFO process.
  • Manage North America and International Material and Conversion Capitalization required for monthly forecast and year-end inventory valuation. Review existing processes and propose enhancements or standardization when appropriate.
  • Assist in reviewing and developing annual raw material standard costs, freight, usage, and other overheads.
  • Assist with audit review which could be annually and/or semi-annually.
  • Drive process improvement initiatives and implement best practices. Contribute to Enterprise Finance & BIOS initiatives such as supporting recent acquisition integration or expansion of common practices to other global regions. Engage in other daily or strategic responsibilities as assigned.


Qualifications

POSITION REQUIREMENTS

Required:
  • Bachelor's Degree with a major in Accounting, Finance, Business
  • 5+ years of accounting experience
  • Experience with Microsoft Excel
  • Must be legally authorized to work in the United States without sponsorship now or in the future for employment visa status
  • Must be at least eighteen (18) years of age


Preferred:
  • CPA or MBA in Accounting or Finance or related business field.
  • Experience with Standard Cost development.
  • Experience with OneStream Structure.
  • Experience with monthly variance accounting.
  • Experience with QAD and Oracle Cloud ERP systems.


Travel: 10%

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers in North and South America, Europe, and Asia. It operates in three segments: Paint Stores, Consumer, and Global. The Paint Stores segment sells paint, coatings, and related products to end-use customers. This segment markets and sells Sherwin-Williams branded architectural paints and coatings, industrial and marine products, and original equipment manufacturer product finishes and related items.

Sherwin-Williams Careers

Join the vibrant team at Sherwin-Williams, a leader in the paint and coatings industry, and contribute to a legacy of innovation and leadership. As a company committed to growth and excellence, Sherwin-Williams offers unparalleled job opportunities for professionals eager to advance their careers in a dynamic and supportive environment. Work You’ll Do At Sherwin-Williams, we empower our team to bring their creativity and expertise to various roles, driving transformative results across the business landscape. Our commitment to professional growth and diversity training ensures that every team member can thrive. Lead in a Culture of Innovation Sherwin-Williams stands at the forefront of the coatings industry, blending tradition with advanced technology. Our culture is built on a foundation of innovation, leadership, and a relentless pursuit of excellence. Join us and lead the way in developing new solutions that impact markets globally. Engage with a Global Team Collaborate with over 60,000 dedicated professionals worldwide who are as passionate about materials science as they are about creating beautiful and durable finishes. At Sherwin-Williams, you’ll work alongside industry experts and leaders who are pioneering new paths in the coatings sector. Sherwin-Williams Careers and Employment Opportunities We are continuously expanding our team and looking for talented individuals who are ready to paint the world with us. From research and development to marketing and sales, the career paths at Sherwin-Williams are as diverse as our product lines. Do Innovative Work Engage in projects that challenge the status quo and contribute to sustainability and efficiency in the industry. Our team at Sherwin-Williams harnesses the power of cutting-edge technology and collective expertise to lead the market in innovation and quality. Be Part of a Great Team Sherwin-Williams is not just a workplace. It is a community where you can build lasting relationships through professional networking and collaborative team efforts. Our inclusive environment supports diversity and is designed to help you reach your full potential. Future-Proof Your Career With a wide array of benefits, continuous training programs, and a focus on internal growth and promotions, Sherwin-Williams is committed to helping you shape a long and successful career. Whether you are looking for a full-time position, an internship, or leadership roles, the opportunities are vast. Explore Job Opportunities and Internships Start your professional journey with Sherwin-Williams by exploring various employment and internship opportunities that match your skills and interests. We are hiring creative, curious, and motivated individuals ready to make a significant impact. Stay Connected Join Our Team Search open positions, submit your resume, and prepare for your interview with us. At Sherwin-Williams, we look for individuals who are solution-driven and ready to contribute to our culture of innovation and excellence. Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Sherwin-Williams. Join Sherwin-Williams today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Your future starts here!
Learn more about Sherwin-Williams
Size
61,626 employees
Market Cap
$61.6 billion
Industry
Net Income
$2 billion
Founded
1866
5 Year Trend
+11%
Revenue
$18.3 billion
NASDAQ

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