Cost Accounting Analyst; Joint Venture

Job Title:

Cost Accounting Analyst (New Joint Venture)

This role supports U.S. operations in a newly formed Joint Venture between 3M and Bain Capital, focusing on cost accounting, inventory management, and operational performance.

The Cost Accounting Analyst partners with cross‑functional teams to drive accurate product costing, analyze manufacturing and operational variances, and maintain financial discipline across the business.

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

This role follows an on‑site working model at the Monroe (Charlotte), North Carolina 3M location.

May include up to 10% domestic/international travel.

Relocation assistance is not authorized.

Must be legally authorized to work in the United States without sponsorship for an employment visa.

Safety is a core value  employees are expected to contribute to a strong EHS culture by following safety policies, identifying hazards, and engaging in continuous improvement.

Compensation range: $109,202 – $133,469, including base pay and variable incentive pay. Additional benefits include medical, dental, vision, health savings accounts, flexible spending accounts, disability benefits, life insurance, voluntary benefits, paid absences, and retirement plans.

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.