Cost Accounting Analyst (New Joint Venture)

Job Description:

Job Title: Cost Accounting Analyst (New Joint Venture)

Collaborate with Innovative 3Mers Around the World

3M announced that it has entered into a definitive agreement with Bain Capital to form a new Joint Venture which will combine Scott Safety and Madison Fire and Rescue. 3M's deep expertise and track record in the safety industry combined with Bain Capital's capability to integrate businesses, accelerate growth and drive synergies make this an ideal partnership.

The transaction is expected to close in the second half of 2026, subject to customary closing conditions.

The successful candidate may be employed by 3M prior to closing and the position is expected to transition to the Joint Venture following completion of the transaction. Role scope and timing are subject to business needs and successful transaction close.

For more information, please refer to the press release: 3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott Safety - Mar 19, 2026

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

The Impact You’ll Make in this Role
 

Position Summary 

What You’ll Do 

• 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 scalab

Required Qualifications 

Preferred Qualifications:

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

Work location:

• This role follows an on-site working model, requiring the employee to work at the Monroe (Charlotte), North Carolina 3M location

Travel: May include up to 10% domestic/international

Relocation Assistance: Is not authorized

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

Supporting Your Well-being

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.
 

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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. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate’s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/.

All US-based 3M full time employees will need to sign an employee agreement as a condition of employment with 3M. This agreement lays out key terms on using 3M Confidential Information and Trade Secrets. It also has provisions discussing conflicts of interest and how inventions are assigned. Employees that are Job Grade 7 or equivalent and above may also have obligations to not compete against 3M or solicit its employees or customers, both during their employment, and for a period after they leave 3M.

Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Instagram, Facebook, and LinkedIn @3M.

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.

Pay & Benefits Overview: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/

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Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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