Cost Accounting Analyst (New Joint Venture

Job Title

Cost Accounting Analyst (New Joint Venture)

This position provides an opportunity to transition from other private, public, government or military experience to a 3M career.

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 hands‑on, high‑impact role combines deep cost accounting expertise with cross‑functional collaboration to improve financial visibility, decision‑making, and overall performance in a fast‑paced environment.

• 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 scalability.

• 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.

May include up to 10% domestic/international.

Is not authorized.

Must be legally authorized to work in the country of employment without sponsorship for employment visa status (e.g., H1B status).

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.

3M offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, 3M regularly benchmarks with other companies that are comparable in size and scope.

3M does not discriminate in hiring or employment on the basis of race, color, sex, national origin, religion, age, disability, veteran status, or any other characteristic protected by applicable law.