Cost Accounting Analyst (New Joint Venture)

3M•Monroe, NC

21h•$109,202 - $133,469•Onsite

About The Position

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 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.

Requirements

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

Nice To Haves

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

Responsibilities

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.
Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.
Safety is a core value at 3M. All employees are expected to contribute to a strong Environmental Health and Safety (EHS) culture by following safety policies, identifying hazards, and engaging in continuous improvement.