Finance Analyst, Cost Accounting

The Sherwin-Williams Company; Cleveland (OH); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

On-site work at HQ

Job summary

The Sherwin-Williams Company is seeking a Financial Analyst in Cost Accounting to join the Enterprise Finance Global Cost Accounting Team. The role focuses on standard costing, monthly cost maintenance, and ERP system support (Oracle 11i and Oracle Cloud ERP) across regions including EMEAI and NOAM.

The position is on-site at the Global Headquarters in Cleveland, OH, and involves collaboration with business units to drive transparency and profitability through accurate cost reporting and

Qualifications

• Bachelor's degree in Accounting, Finance, or Business Administration with a focus in Finance or Accounting.
• 2+ years of finance and/or accounting experience.
• Experience with Microsoft Excel.

Responsibilities

• Develop annual standard costs for materials and conversions.
• Maintain STND and SAC cost scenarios and perform monthly close entries.
• Manage cost accounting in Oracle 11i and Oracle Cloud ERP systems.
• Review month-end results and explain variances vs. plan or actuals.

Skills

Financial analysis

Cost accounting

Variance analysis

Cross-functional collaboration

Education

Bachelor's degree in Accounting/Finance/Business

Tools

Microsoft Excel

Job description

The 'Financial Analyst - Cost Accounting' position is a key member of the Enterprise Finance Global Cost Accounting Team - which holds global responsibility for costing-related functions across our Regions and ERP platforms.

This position will be primarily responsible for supporting the Oracle 11i ERP and Oracle Cloud ERP, which will support the PCG commercial groups, with responsibilities in the EMEAI and/or NOAM region. Key job responsibilities include but are not limited to the development of annual standard costs, monthly maintenance of STND costs, 11i and Cloud system maintenance, monthly accounting entries, results reviews and variance explanations, and other strategic projects - such as assisting in future implementations of the Cloud ERP. The position will work regularly with SW business units in the creation and explanation of standard costs and monthly financial results, driving transparency and profitability for our commercial groups.

This role is not hybrid/remote and will report to Sherwin-Williams Global Headquarters located at 1 Sherwin Way, Cleveland, OH 44113.

Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments

CORE RESPONSIBILITIES AND TASKS

• Annual standards development for material and conversion costs for manufactured and purchased items, including mid-year re-rolls as required.
• Maintaining STND and SAC Cost Scenarios
• Contribute to the BIOS Cloud Design & Implementation project, including finance participation in SIT, UAT, and cutover activities related to the Cost Accounting function.
• Calculate and book a variety of cost-related journal entries in support of monthly financial close, including but not limited to purchase price variances, inventory revaluation, manufacturing absorption, batch variances, and other similar concepts.
• Review month end results, assisting with explanations and root cause analysis of fluctuations vs. Actual or Plan - such as standard PPV, Batch variance, and Absorption analysis.
• Maintain various aspect of 11i and/or Oracle Cloud, including but not limited to daily cost errors and holds, product setups, account mappings, and cost changes.
• Complete balance sheet reconciliations such as PPV, REVAL, and capitalized variances.
• Assist with audit requests as assigned.
• Role will support the transitions onto the Oracle Cloud platform and have other ad-hoc responsibilities as required.

POSITION REQUIREMENTS

Required:

• Bachelor's Degree in Accounting, Finance, or Business Administration with a focus in Finance or Accounting
• 2+ years of finance and/or accounting experience
• Experience with Microsoft Excel
• Must be legally authorized to work in the United States without sponsorship now or in the future for employment visa status
• Must be at least eighteen (18) years of age

Preferred:

• Experience with the Oracle Cloud ERP or Oracle 11i ERP
• Experience in standard cost development and monthly variance accounting
• Experience working cross-functionally and multi-nationally
• Standard Costing methodology & monthly variance accounting
• Experience with Oracle Cloud ERP

Travel: 10%