Lennox (NYSE: LII) Driven by 130 years of legacy, HVAC and refrigeration success, Lennox provides our residential and commercial customers with industry-leading climate-control solutions. At Lennox, we win as a team, aiming for excellence and delivering innovative, sustainable products and services. Our culture guides us and creates a workplace where all employees feel heard and welcomed. Lennox is a global community that values each team member’s contributions and offers a supportive environment for career development. Come, stay, and grow with us.

We are seeking a highly analytical and detail-oriented Lead Cost Accountant to oversee cost accounting activities within a shared services environment. This role is responsible for ensuring the accuracy of cost-related transactions and financial data, leading efforts to maintain compliance with GAAP and internal policies and driving improvements in cost accounting processes. The Lead Cost Accountant will perform and review general ledger entries, reconcile cost accounts, and provide strategic insights through detailed cost analysis and reporting. This position plays a key role in supporting financial reporting, inventory valuation, and standard cost maintenance across the organization.

WHAT YOU’LL BE DOING:

• Prepare, review, and post cost-related journal entries, including entries for inventory valuation, cost of goods sold (COGS); reconcile cost accounts to ensure accuracy and completeness.
• Support internal and external audits by providing detailed cost records, inventory reports, and documentation of standard costing methodologies.
• Maintain and improve internal controls over cost accounting processes, such as inventory variations and cost roll.
• Develop, analyze, and present financial reports focused on inventory valuation, production costs, standard vs. actual cost variances, and margin analysis.
• Lead the annual standard cost roll process, coordinating with cross-functional teams—including operations, supply chain, and finance—to gather updated inputs for bill of materials (BOM), labor rates, and overhead allocations. Conduct detailed reviews of cost components to ensure accuracy, consistency, and alignment with business strategies and operational realities.
• Manage the tariff review and application process, ensuring accurate inclusion of import duties and trade-related costs in product costing. Collaborate with supply chain and compliance teams to monitor tariff changes, assess financial impact, and maintain alignment with regulatory requirements.
• Lead complex cost accounting tasks, such as month-end close for manufacturing cost centers, and ensure compliance with GAAP in cost-related financial operations.
• Review and modify policies related to cost analysis, inventory valuation, and cost roll to align with evolving business needs and regulatory standards.
• Collaborate across teams, including operations, supply chain, and finance, to ensure accurate cost capture and support strategic decision-making.
• Manage cost accounting projects and ad-hoc requests, such as cost impact analysis for new product introductions or process changes.

WHAT WE ARE LOOKING FOR:

•  Bachelor’s degree in Accounting or Finance
• CPA preferred
• 5-7 years of progressive accounting experience
• Strong background in manufacturing cost accounting, including standard costing, inventory valuation, and cost analysis
• Experience leading annual cost roll updates and coordinating with cross-functional teams
• Hands-on experience in financial accounting and reporting
• Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word); advanced Excel skills preferred
• SAP ERP experience highly desired
• Working knowledge of cost accounting principles, including BOM reviews, labor and overhead allocations, and tariff applications
• Experience with Hyperion ESSBASE, a plus
• Ability to work independently and collaboratively across departments
• Strong technical accounting knowledge, analytical thinking, and problem-solving skills
• Effective verbal and written communication skills
• Strong interpersonal skills and ability to influence across teams
• Demonstrated attention to detail, sound judgment, and ability to manage multiple priorities
• Ability to work closely with personnel from various departments and all levels of management
• Strong critical reasoning skills, independent judgment, and objectivity

#LI-PP

Compensation: This is a salaried exempt role. The starting salary range for this role and market is between $91,000.00-$120,000.00 annually. Factors that may affect starting salary include geography/market and the skills, education, experience, and other qualifications of the successful candidate. Employees in this role are also eligible for an annual bonus in accordance with the terms of the Company’s applicable plan. Employees in this role are not eligible for overtime.

Benefits: Subject to applicable eligibility requirements, the following benefits are offered for this role: tuition reimbursement; medical, dental, and vision insurance; prescription drug coverage; 401(k) retirement plan; short-term disability insurance; 8 weeks paid birthing leave; 2 weeks paid bonding leave; life and long-term disability insurance.

Depending on date of hire, and subject to applicable eligibility requirements, new employees in this role also receive up to: 12 days paid time off, 2 paid well-being days, 1 paid volunteer day, 12 paid holidays, and 3 floating holidays per year.

Our Culture: At Lennox, our Core Values of Integrity, Respect & Excellence are ingrained in the fabric of the organization. They define our culture – which is about how we do business and how we treat others. Lennox is not just a workplace; we are a global community that values each team member’s contributions. As an equal opportunity employer, we are committed to recruit, develop, and retain talented individuals from a wide range of backgrounds, ensuring that everyone has the opportunity to succeed and contribute to our continued growth and success. At Lennox, you’ll take pride in our brands, knowing you are part of something special. Come, stay, and grow with us! 

This position is based in the office, Monday through Friday. 

Disclaimers: The compensation and benefits information is accurate as of the date of this posting. Lennox reserves the right to modify this information at any time, with or without notice, subject to applicable law.