Manager, Cost Accounting

## Manager, Cost Accounting Apply locations:
Rosemont, ILtime type:
Full time posted on:
Posted Yesterday job requisition :
JR-025037#
** Join us as we empower the world to work out, creating healthier lives together.**# At
** Life Fitness / Hammer Strength**, we’re not just building equipment—we’re shaping the future of fitness. As pioneers in fitness innovation, we design and manufacture the most durable, high-performance, and reliable fitness solutions in the world, empowering people and communities to live healthier lives. Our success is driven by a culture that puts customers first, embraces collaboration, and continuously raises the bar on performance, quality, and innovation.

We are seeking a detail-oriented and strategic
** Manager, Cost Accounting,
** to play a critical role in ensuring the accuracy, integrity, and visibility of product costing and inventory across our global manufacturing operations. This highly collaborative position partners closely with Manufacturing, Supply Chain, Engineering, IT, Customer Support, and Finance, as well as external consultants and system consultants, to provide the insights, controls, and analysis that support informed business decisions and operational excellence.

As the owner of product cost accuracy and inventory accounting processes, you will lead key cost accounting activities including standard costing, inventory analysis, month-end close support, account reconciliations, overhead rate management, and reporting. You will also drive continuous improvement initiatives, strengthen internal controls, support audits, and help optimize systems and processes across multiple manufacturing facilities. This is an excellent opportunity for a finance and accounting professional who thrives on solving complex challenges, influencing cross-functional teams, and delivering meaningful business impact within a global industry leader.
* This is a hybrid position based out of our Global Support Center in Rosemont, IL. Monday and Friday are remote, with Tuesday through Thursday designated as in-office collaboration days. #LI-Hybrid
*** As our Manager, Cost Accounting, you will:
*** Create, maintain, and update product costs in Oracle.
* Participate in the annual frozen cost update by reviewing current material costs, applying the fixed and variable manufacturing overhead rates provided by the manufacturing controller, and reviewing pending cost adjustments as necessary.
* Manage the nightly Oracle cost update processes to ensure costs update as expected, suggesting and ultimately making changes to processes as required.
* Work with project managers to calculate new product costs in ad hoc worksheets and in Oracle as applicable.
* Participate in global projects and initiatives as a finance representative, driving change in current processes.
* Assist in business reviews by preparing presentations for senior management.
* Prepare reports, trend analyses, and analytics, including inventory analysis and the global inventory package / inventory turns.
* Assist with the timely and accurate closing of the monthly, quarterly, and annual consolidation cycle, including journal entries, account reconciliations, and related reporting packages.
* Reconcile showroom inventory and address any variances.
* Participate in domestic annual physical inventories and related book to physical reconciliation processes as required.
* Review, maintain, and monitor inventory valuation, accuracy, and variances using perpetual inventory records and the general ledger through daily, weekly, monthly, and annual processes, internal controls, and analyses.
* Ensure perpetual inventory transactions are calculated and recorded in the general ledger properly and on a timely basis.
* Perform detailed purchase price variance (PPV) analysis, reviewing large PPVs and working with commodity managers to validate invoice prices and inventory valuation.
* Age in transit inventory and follow up on aged in transit records with the appropriate warehouse personnel.
* Serve as a primary contact for Manufacturing, Supply Chain, CSS, Engineering, IT, and Finance across multiple manufacturing facilities, and interact with external…