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Senior Cost Accountant

3 months ago

Montvale, United States Benjamin Moore Full time

Senior Cost Accountant

ID

2024-1228

Category

Finance

Position Type

Salaried

Remote

No

Shift Time

40

Location

Montvale, New Jersey

Overview

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 work-life balance, competitive/ benefits, ongoing 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. Click here to see how you can paint your future Job Summary The Senior Cost Accountant is responsible for 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 for ensuring 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.

Responsibilities

Manage day to day operations of the existing cost accounting function from management of current rates to monthly close and analysis

Review cost estimates of new or special products for establishing selling prices Review and analyze cost accounting data and assist with cycle count/physical inventories Prepare and book monthly end close journal entries for Inventory and Cost of Goods Sold Prepare monthly general ledger account reconciliation and analysis for Inventory accounts Perform LIFO reserve calculation for book and tax purposes (Double extension method) Prepare ad-hoc schedules for management Coordinate with Procurement to ensure accuracy of pertinent information in SAP such as PO price, delivery dates, and quantity. Coordinate with Operations to resolve any BOM/Recipe related issues to ensure accurate formula costing Support the technology strategy of the business by assessing the impact of changes as it relates to cost accounting. Provide support during the annual audit process by working with the auditors to answer queries and provide analysis as required in a timely manner. Support and assist internal department reporting requirements such as audit schedules, tax schedules and others Work closely with the Cost Accounting Manager and Director of Financial Reporting and Cost Accounting, to monitor key financial performance indicators and make recommendations to improve performance. Participate in special project work as required.

Qualifications

Bachelor's Degree in Accounting; CPA, CMA and/or MBA preferred 4-8 years of accounting experience, strong technical US GAAP accounting knowledge Prior experience providing financial support to senior leadership Must be highly analytical and inquisitive with strong organizational abilities, keen attention to detail and ability to meet monthly deadlines and goals Strong working knowledge Microsoft Office; proficient in Excel, Access and Word Knowledge of SAP and/or Business Objects Excellent organizational, managerial, interpersonal and communication (written and oral) skills, ability to work in a team-based, continuous improvement environment Expected travel up to 5% in US and Canada, no extended projects. Weekend work as needed Manufacturing cost accounting experience a plus 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 a ll employment decisions are made based on qualifications, merit, and business need.

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