Cost Accounting Analyst (New Joint Venture)

United States·Concordmid

OtherAccounting Analyst

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OtherAccounting Analyst

3M announced that it has entered into a definitive agreement with Bain Capital to form a new Joint Venture which will combine Scott Safety and Madison Fire and Rescue. 3M's deep expertise and track record in the safety industry combined with Bain Capital's capability to integrate businesses, accelerate growth and drive synergies make this an ideal partnership.

The transaction is expected to close in the second half of 2026, subject to customary closing conditions.

The successful candidate may be employed by 3M prior to closing and the position is expected to transition to the Joint Venture following completion of the transaction. Role scope and timing are subject to business needs and successful transaction close.

For more information, please refer to the press release: 3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott Safety - Mar 19, 2026

The Cost Accounting Analyst is a key finance partner supporting U.S. operations, with a strong emphasis on cost accounting, inventory management, and operational performance. This role is responsible for driving accurate product 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 accounting expertise with cross-functional collaboration to improve financial visibility, decision-making, and overall performance in a fast-paced environment.

Responsibilities

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→Serve as a finance lead for cost accounting and operational performance, providing actionable insights on cost drivers, efficiencies, and profitability across U.S. operations.
→Analyze and monitor standard costs, manufacturing and operational variances (labor, overhead, material), and absorption, identifying root 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.
→Identify and drive process improvements in cost accounting, reporting, and financial systems, enhancing accuracy, efficiency, and scalab

Requirements

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Bachelor’s 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 strong expertise in cost accounting, standard costing, and variance analysis

5 or more years of experience with inventory accounting and operational finance processes

Experience with inventory accounting and operational finance processes
Experience with ERP systems (e.g., SAP or similar systems)

This role follows an on-site working model, requiring the employee to work at the Monroe (Charlotte), North Carolina 3M location

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