Cost Analyst, Intercompany

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 1400 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:

The Cost Analyst Intercompany Operations supports the financial controls inventory valuation and accounting processes associated with intercompany transactions across Balchems global network. This role helps ensure intercompany inventory transactions are accurately recorded reconciled valued and reported in accordance with company accounting policies and financial reporting requirements.

The analyst will support the monthly management of intercompany profit in inventory eliminations partner with Supply Chain and Accounting colleagues to resolve transaction exceptions and contribute to process improvements that strengthen accuracy control and scalability across Balchems global intercompany operating model.

ESSENTIAL FUNCTIONS:

Intercompany Inventory Accounting

• Maintain and support standard costing within D365 including the review of cost versions transfer prices inventory costing data and related master data to ensure accurate valuation of intercompany inventory transactions and financial reporting.
• Assist with analysis of manufacturing purchase price freight and inventory-related variances impacting intercompany inventory valuation
• Support accurate inventory valuation by reviewing intercompany receipts shipments transfers and related ERP activity
• Investigate inventory valuation discrepancies and partner with Supply Chain Operations and Accounting teams to resolve issues
• Assist with inventory-related month-end close activities journal entries and supporting schedules
• Maintain documentation supporting intercompany inventory accounting reconciliations and issue resolution.

Intercompany Profit in Inventory Eliminations

• Prepare and maintain monthly calculations supporting intercompany profit in inventory eliminations.
• Analyze intercompany inventory balances sales activity cost data and remaining inventory positions to determine unrealized profit requiring elimination.
• Partner with Corporate Accounting Consolidations Operations Finance and business finance teams to ensure eliminations are complete accurate and properly supported.
• Identify opportunities to standardize document and automate intercompany profit elimination calculations and reporting.

Process Compliance and Controls

• Follow established intercompany accounting policies close procedures and control requirements.
• Support timely completion of account reconciliations and related supporting documentation.
• Assist with internal and external audit requests related to inventory valuation intercompany accounting and profit in inventory eliminations.
• Partner with Accounting Finance Supply Chain Procurement and Operations colleagues to resolve transaction and reconciliation exceptions.
• Escalate recurring process breakdowns data gaps or control concerns to the intercompany team and management.

Partnership and Process Improvement

• Collaborate with Intercompany Planners Supply Chain teams Accounting and Finance to resolve inventory shipment pricing and transaction discrepancies.
• Support monthly reviews of intercompany balances inventory positions reconciliation metrics and open items.
• Participate as an active member of the Intercompany Process Improvement Team focused on standardization automation reporting enhancements and operational efficiency.
• Support testing and implementation of ERP enhancements reporting tools and new controls.
• Maintain and update process documentation standard work and accounting procedures.
• Identify recurring transaction and reconciliation issues and provide recommendations for improvement

REQUIREMENTS:

• Bachelors degree in Accounting Finance Business Supply Chain or related field required.
• CPA CMA or pursuit of professional certification preferred but not required.
• 1-3 years of experience in accounting cost accounting finance inventory accounting supply chain finance or a related field preferred.
• ERP experience preferred including D365 SAP Oracle or similar systems

The expected salary range for this role is $65000 - $85000 a year.

Required Experience:

IC