Cost Accounting Manager

Life Fitness; Rosemont (IL); Hybrid; USD 93,000 - 136,000; Full time

Benefits offered by this job

401(k) with 4% match

Medical, dental and vision insurance

Paid time off and holidays

Job summary

Life Fitness / Hammer Strength in Rosemont, IL seeks a Cost Accounting Manager to lead cost processes, inventory valuation, and reporting across manufacturing operations. You will manage Oracle-based cost updates, perform PPV analyses, and collaborate with supply chain, finance, and engineering to drive accurate costing.

The role offers a hybrid work arrangement with in-office days Tue-Thu and remote Mon and Fri, a competitive salary range of $93,000 to $135,900, plus a comprehensive benefits

Qualifications

• Bachelor's degree in Accounting or Finance required; CPA or CMA preferred.
• 7+ years of progressive cost accounting experience in manufacturing.
• Ability to analyze complex data sets and provide actionable business insights.
• Intermediate to advanced knowledge of automated systems used in manufacturing and accounting (Oracle preferred).
• Advanced Excel skills and proficiency across Microsoft Office products.
• Experience with data warehouses; Oracle BI (OBI) preferred.

Responsibilities

• Create, maintain, and update product costs in Oracle.
• Participate in the annual frozen cost update by reviewing material costs and overhead rates.
• Manage nightly Oracle cost update processes and adjust as needed.
• Calculate new product costs in ad hoc worksheets and in Oracle.
• Participate in global projects and initiatives as a finance representative.

Skills

Cost accounting

Excel

Data analysis

Manufacturing experience

Oracle

Education

Bachelor's degree in Accounting or Finance

CPA or CMA

Tools

Oracle BI (OBI)

Oracle ERP

Job description

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.

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.

As our Cost Accounting Manager, 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 auditors, systems consultants, and all levels of management to accomplish tasks and communicate results.
• Assist in creating, testing, and analyzing system integration processes related to inventory transactions and perpetual inventory records.
• Perform other related duties as assigned.

What Life Fitness / Hammer Strength is looking for in our Cost Accounting Manager:

• Minimum Bachelor's degree in Accounting or Finance; CPA or CMA preferred.
• 7+ years of progressive cost accounting experience, including demonstrated ownership of standard costing processes in a manufacturing environment.
• Demonstrated ability to analyze complex data sets and provide valuable, relevant insight to the business.
• Intermediate to advanced knowledge of automated systems and applications used in manufacturing and accounting (Oracle preferred).
• Advanced Excel skills and proficiency across Microsoft Office products.
• Experience with data warehouses; Oracle Business Intelligence (OBI) preferred.

At Life Fitness / Hammer Strength, we think customer first, play as one team, and raise the bar on fitness innovation - in the gym and in every corner of our facilities. We persevere and get it done, with a clear purpose to inspire each other to live healthier lives.

At Life Fitness / Hammer Strength, we believe in taking care of our team with a comprehensive total rewards package that includes competitive pay and a range of valuable benefits. The salary range for this position, intended for U.S. applicants, is $93,000 - $135,900 annually. This position is eligible to participate in Life Fitness / Hammer Strength's annual Manager Incentive Plan to receive an annual discretionary bonus in addition to base salary. The amount of bonus varies based on company and individual performance goals and is subject to the terms and conditions of the applicable incentive plan.

Life Fitness / Hammer Strength offers a comprehensive package of benefits for full-time team members, including, but not limited to: a 401(k) savings plan with 4% employer match; medical, dental and vision insurance, parental, medical and military leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, paid vacation days beginning at 13 days annually, paid sick leave as provided under state and local paid sick leave laws, company paid short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD\&D insurance, hospital indemnity; identity protection, legal services, adoption assistance, tuition assistance, commuter benefits, employee discounts, and an employee assistance program that includes free counseling sessions. Employees also have access to our state-of-the-art on-site fitness center featuring industry-leading Life Fitness and Hammer Strength equipment, making it easy to support health and wellness before, during, or after the workday. Eligibility for benefits is governed by the applicable plan documents and policies.

Life Fitness / Hammer Strength is an equal opportunity employer. All qualified applicants, including individuals with disabilities and protected veterans, are encouraged to apply. Life Fitness / Hammer Strength complies with all applicable federal, state, and local laws regarding employment, recruitment and hiring. All qualified applicants are considered for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, citizenship status, disability, protected veteran status, or any other category protected by applicable federal, state, or local laws.

Life Fitness/Hammer Strength does not accept applications, inquiries or solicitations from unapproved staffing agencies or vendors.