Cost Analyst

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.

JOB MISSION:

Under the direction of the Finance Manager for Value Chain Finance, this position is responsible for the coordination and completion of forecasting, budgeting, & analysis for all New Balance Corporate Services related activities. 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 Corporate Services related activities utilizing advanced systems such as MSD365, Power BI and Spotfire.

MAJOR ACCOUNTABILITIES:

• Complete monthly close activities according to close calendar and book all journal entries for all transactions impacting Corporate Services.

• Act as the financial representative for all facilities. Interact with all phases of operations to ensure proper financial representation is incorporated into all business decisions.

• Act as business partner to the VP of Corporate Services. Keep the VP of Corporate Services informed of the budgets, results, forecasts, and any other financial analysis. Be prepared to present this information and ensure that the Corporate Services team is kept informed to create fiscally responsible business decisions.

• Analyze monthly results and complete all required reporting activities. Duties include preparing the monthly Corporate Services results and all other reporting/analysis needs as required. Attendance at all monthly Corporate Services team meetings is mandatory.

• Drive the annual budget process within the Corporate Services team.

• Work with Space Planning Analyst to properly allocate all Facility related expenses based on square

• foot usage in each building.

• Provide Forecast updates as needed and review performance to forecast.

• Review CARs and providing cash flow analysis and return on investments for requests for new building requirements.

• Manage rent, property taxes, depreciation, and common area maintenance schedules.

• Provide Cost Analysis to support both the financial and operations disciplines driving cost reduction and improvement opportunities.

• Purchase order management.

REQUIREMENTS FOR SUCCESS:

• Bachelor's degree required in Accounting/Finance with a minimum of 2 years related experience.

• In depth Cost Accounting knowledge is required. Strong PC & System skills including Excel, Word, PowerPoint obligatory. Experience with D365, Oracle and Power BI a plus. MBA, CMA desired but not required.

• Excellent communication skills are essential; with specific ability to manage up.

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 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, or any other protected status.