Cost Accountant

Who We Are:

Since 1906, New Balance has empowered people through sport and craftsmanship to create positive change in communities around the world. We innovate fearlessly, guided by our core values and driven by the belief that conventions were meant to be challenged. We foster a culture in which every associate feels welcomed and respected, where leaders and creatives are inspired to shape the world of tomorrow by taking bold action today. At New Balance, We Got Now.

JOB MISSION:

In support of advancing the Finance Digital Transformation, this position will be responsible for all activities pertaining to the accurate, timely, development and maintenance of Domestic or Imported standards utilizing advanced systems such as MSD365, Power BI and Spotfire. Under the general direction of the Senior Cost Accounting Manager, position also includes detailed standards analysis, impact upon margin as well as support for forecasting & budgeting.

MAJOR ACCOUNTABILITIES:

• Complete product cost estimates during all stages of development. Ability to collaborate with various Operations/Development Teams to ensure that cost and target considerations; inclusive of USA and USMCA calculations where appropriate, are prevalent throughout the decision making /development process.
• Analyze monthly results and complete all required reporting activities inclusive of detailed variance explanations and FS v. Domestic comparisons by factory. Publish analysis of actual against targeted gross margin by product line with profit variance to targets. Communicate cost variances to Operations Leaders. Continually review reporting packages for applicability and adjust as necessary.
• Ensure that cost-savings projects are embedded in improved product margins and/or separately including in cost targets.
• Partner with Costing to get a full understanding of fully sourced and sourced uppers cost elements as well as cost increases/decreases.
• Coordinate collection & compilation of factory specific standards to meet forecast and budget requirements. Evaluate and challenge for integrity of content through specific style analysis and YOY comparison.
• Support Domestic Operational/Manufacturing improvement projects/initiatives and participate on cross-functional teams as required.
• Assist Global Value Chain Finance Team in the development the annual budget package. Based on information required, work with various Operations groups & Finance to evaluate guidelines, establish budget goals and timelines to compile the annual budget package.

REQUIREMENTS FOR SUCCESS:

• Bachelor’s degree required in Accounting/Finance, with 3 years’ experience in financial analysis, product costing (preferably in a manufacturing environment)
• Strategic planning or budgeting with a solid understanding of how Cost Accounting Financials tie into one another and effect overall corporate financials
• Candidate must possess a demonstrated analytical ability with sound problem-solving skills
• Strong PC skills including advanced proficiency with Excel, Word and Powerpoint are required. Experience with Microsoft D365, Power BI and Spotfire, a plus
• The ability to interact with all levels of Operations Management through strong written and verbal communication skills is also necessary
• Additionally, candidate must possess a demonstrated continuous improvement approach and work ethic

Regular Associate Benefits

Our products are only as good as the people we hire, so we make sure to hire the best and treat them accordingly. New Balance offers a comprehensive traditional benefits package including three options for medical insurance as well as dental, vision, life insurance and 401K. We also proudly offer a slate of more nontraditional perks – opportunities like online learning and development courses, tuition reimbursement, $100 monthly student loan support and various mentorship programs – that encourage our associates to grow personally as they develop professionally. You’ll also enjoy a yearly $1,000 lifestyle reimbursement, 4 weeks of vacations, 12 holidays and generous parental leave, because work-life balance is more than just a buzzword – it’s part of our culture.

Temporary associates are provided three options for medical insurance as well as dental and vision insurance and an associate discount.

Part time associates are provided 401k, short term disability, a yearly $300 lifestyle reimbursement and an associate discount.

Flexible Work Schedule

For decades we have fostered a unique culture founded on our values with a particular focus on in-person teamwork and collaboration. Our North American hybrid model encourages rich in-person experiences, showcasing our commitment to teamwork and connection, while maintaining flexibility for associates. New Balance Associates currently work in office three days per week (Tuesday, Wednesday, and Thursday). Our offices are fully open, and amenities are available across our North American office locations. To continue our focus on hybrid work we have introduced “Work from Anywhere” (WFA) for four weeks per calendar year. This model will help us enhance our culture while continuing to maintain elements of flexibility.

Equal Opportunity Employer

New Balance provides equal opportunities for all current and prospective associates and takes affirmative action to ensure that employment, training, compensation, transfer, promotion and other terms, conditions and privileges of employment are provided without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, handicap, genetic information and/or status as an Armed Forces service medal veteran, recently separated veteran, qualified disabled veteran or other protected veteran.