Cost Accounting Manager

At Benjamin Moore, our success is attributable to the employees who dedicate their time and talents to the brand and exemplify our core values of openness, integrity, community, excellence, and safety. Benjamin Moore employees enjoy a competitive and well-rounded benefits package, career development options, business resource groups, and opportunities to come together and connect with colleagues. We facilitate growth, development, and purpose for all through an inclusive and engaging workplace. 

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Job Summary

The Cost Accounting Manager is part of our Finance team and is responsible for our Cost Asset accounting team. This position ensures the integrity of the applicable financial statement balances and disclosures and creates analytical and reporting capabilities. It reports to the Senior Manager, Financial Reporting.

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• 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 cost of sales and 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 to develop 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.
• Review the implementation and oversee the operation of the AMTDirect Lease Accounting system.
• Work with Operations to plan the annual physical inventory and oversee the appointment and scheduling of auditors for selected locations. Review and summarize overall audit results.
• Liaison with internal and external auditors regarding cost accounting and leasing inquiries when needed.
• Review and implement new accounting pronouncements related to inventory as required.
• Review existing operating procedures, identify gaps and process improvement opportunities, and implement corrective action. Ensure procedures are appropriately 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%).

• 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.