COMPANY OVERVIEW:
Balchem is committed to making the world a healthier place by delivering trusted, innovative, and science-based solutions for the health and nutritional needs of the world. Balchem employs approximately 1,400 employees worldwide who provide the service, quality, and technology that enables our customers to win with their customers. We have built a reputation for delivering results to all of our stakeholders. Founded in 1967, Balchem, a Maryland corporation, became a publicly-traded company in 1970 and is listed on Nasdaq under the symbol “BCPC.” Our corporate headquarters is located in Montvale, New Jersey, and we have a broad network of sales offices, manufacturing sites, and R&D centers, primarily located in the U.S. and Europe. The Company consists of three business segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products.
POSITION SUMMARY:
Balchem is seeking a Senior Cost Analyst to support the financial performance of its manufacturing and supply chain operations. This role is responsible for cost accounting, inventory accounting, financial analysis, and reporting, while partnering with plant, operations, and supply chain leadership to drive informed decision-making, improve business processes, and enhance operational efficiency.
The Senior Cost Analyst will serve as a key finance partner to manufacturing and supply chain leadership, providing financial analysis, cost accounting expertise, and operational insights that support business performance. This role will oversee critical close, costing, inventory, forecasting, and control activities while identifying opportunities to improve processes, enhance reporting, and drive informed decision-making. The successful candidate will demonstrate strong analytical capabilities, sound business judgment, and a proactive approach to continuous improvement.
ESSENTIAL FUNCTIONS:
- Lead monthly cost accounting close activities for assigned manufacturing sites and business units.
- Prepare, review, and analyze manufacturing variances, including material, labor, overhead, purchase price, and production volume variances.
- Perform monthly balance sheet reconciliations and ensure timely resolution of outstanding items.
- Prepare and post journal entries related to inventory, manufacturing costs, accruals, and other assigned areas.
- Support standard cost development, annual cost rolls, and periodic cost updates.
- Analyze inventory transactions and balances to ensure costing accuracy and compliance with company policies.
- Assist in developing annual budgets, forecasts, and long-range operating plans for manufacturing operations.
- Partner with plant management and supply chain leadership to identify cost savings opportunities and improve financial performance.
- Provide financial support for capital projects, operational initiatives, and business cases.
- Review production orders, inventory movements, and cost transactions to identify unusual trends and recommend corrective actions.
- Prepare monthly financial reporting packages and present key findings to finance and operational leadership.
- Support internal and external audit requests and maintain appropriate supporting documentation.
- Execute and document SOX controls related to inventory, costing, and financial reporting processes
- Identify opportunities to automate reporting, streamline processes, and improve data quality through technology and continuous improvement initiatives
- Mentor junior analysts and provide guidance on cost accounting methodologies, reporting tools, and financial processes
- Perform ad hoc analysis and special projects as assigned.
REQUIREMENTS:
- Bachelor's degree in Accounting, Finance, or a related field.
- CPA, CMA, or MBA preferred
- 5–7 years of progressive accounting, finance, or cost accounting experience.
- Manufacturing finance and standard costing experience required.
- Experience supporting multiple manufacturing locations required; experience supporting international manufacturing sites is a plus.
- Experience with inventory accounting, variance analysis, budgeting, and forecasting.
- Experience with ERP systems such as D365, Oracle, SAP, or similar platforms.
- Experience with financial planning and reporting systems such as Oracle EPM preferred.
The expected salary range for this role is $1000,000 -$120,000 a year.
#IND123
Balchem is committed to a workplace culture that values and promotes diversity, inclusion, equal employment opportunities, and a work environment free of harassment and hostility.
Skills Required
- Bachelor's degree in Accounting, Finance, or a related field
- 1-3 years of accounting, finance, or cost accounting experience
- Exposure to standard costing, inventory accounting, manufacturing variances, budgeting, and forecasting
- Strong Microsoft Excel skills
- Experience with Power BI
- Experience with ERP systems
- Manufacturing ERP experience
- Strong analytical, problem-solving, and organizational skills
- Excellent verbal and written communication skills
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment
- Experience supporting multiple manufacturing locations and/or international manufacturing operations
- Knowledge of intercompany inventory transactions, transfer pricing concepts, and intercompany costing/accounting processes
What We Do
Founded in 1967, Balchem Corporation is committed to making the world a healthier place by delivering trusted, innovative, and science-based solutions to the nutrition, health, and food markets. The company operates through three primary business segments: Human Nutrition & Health, Animal Nutrition & Health, and Specialty Products, providing a diverse portfolio of specialty performance ingredients and products globally.
