Manager II, Accounting

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Scope of Leadership Role:

This Manager, Accounting role is an important member and leader of the Segment Accounting and Controlling team providing financial oversight, accounting guidance, and analytical support to the Power Efficiency Solutions (PES) segment. This role will manage a team of two individuals focused on leading accounting, analysis, and controls related to inventory, obsolescence, standard costing, manufacturing plant support, sourcing, and new product execution.

We are looking for someone who can: build strong relationships within the organization; build a strong team and engage at all levels in the organization; take advantage of data & analytics to provide business insight and decision support; drive improvements, efficiencies, and harmonization in monthly processes; interpret technical accounting on a variety of routine and non-routine matters; and maintain compliance with accounting controls and policies. The role requires a "hands on" person who is detail oriented and results driven.

The Manager, Accounting will report directly to the PES Controller and will serve as a key liaison and business partner with the Segment CFO, Business Unit Finance Leaders, Plant Controllers, Corporate Accounting and Compliance, and PES cross-functional teams.

Key Responsibilities:

• Collaborates with the PES Controller in providing comprehensive financial support to the PES global segment and business functions.
• Leads month end close and manages reserve calculations, accruals, and reporting related to inventory, including excess and obsolete inventory reserves, lower of cost or net realizable value reserves, freight and tariff accounting, capital investments, and other areas as assigned.
• Responsible for reviewing capitalized variance accounting related to material, freight, and tariff variances.
• Reviews monthly journal entries and account reconciliations for accuracy and proper recording of transactions.
• Researches and explains performance variances.
• Works closely with manufacturing plants and supply management to help root cause and drive resolution to ad hoc inventory, costing, and margin questions.
• Oversees standard costing of new parts, annual cost roll, and transfer pricing for specified intercompany partners, suppliers, and shared distribution centers.
• Proactively supports internal controls and compliance matters to ensure company processes, controls, and accounting policies are understood and followed.
• Acts as a key business partner between Segment, Business Units, and Corporate Accounting team to drive communication around accounting items, explain trends in the business, help minimize surprises during month ends, and improve accuracy of financial reporting.
• Coordinates and supports internal and external auditors with data requests during quarterly and annual audits.
• Partners with IT and other functions to streamline current finance processes and create new processes for key business initiatives.
• Supports enhancements to Oracle ERP system as needed, including some testing and training.
• Manages, develops, and provides appropriate coaching and support for PES accounting team.

Professional Experience / Qualifications:

The successful candidate will have proven experience as a finance business partner and in developing collaborative relationships across all levels and functions within a global organization. This leader must have the passion, energy, and intellectual curiosity necessary for a fast-paced, growth-driven environment.

• Bachelor's degree in Finance or Accounting required, CPA preferred.
• Minimum 5 years of relevant and progressive finance/accounting experience, preferably 2+ years in manufacturing sector.
• Must be familiar with General Ledger, Invoicing, Accounts Receivable, Accounts Payable, Purchasing, and Inventory accounting and business processes.
• Strong working knowledge of ERP systems; experience with Oracle, SAP, Hyperion, and/or OneStream is a plus.
• High level of proficiency with Microsoft Excel and PowerPoint.
• Has a mindset of continuous improvement and can embrace Regal Rexnord's 80/20 principles.
• Proven ability to take initiative, be hands-on, investigate complex processes, and develop and execute innovative solutions to drive accurate results.
• Leverages analytical skills to effectively organize and translate data into insights for decision making.

• Able to tolerate ambiguity, adapt to new situations and changes in direction, and devise ways to overcome obstacles to achieve finance and business objectives.
• Can manage multiple tasks simultaneously, prioritize and direct work to meet deadlines with a sense of urgency.
• Commitment to coaching and mentoring staff to enhance the proficiency, competencies, and long-term development of the team.
• Ability to create a work environment with high standards of performance but where team members feel engaged and supported.

Work Location: Hybrid in Milwaukee area.

Travel: 5%

Language: English

#LI-KL2

#LI-Hybrid

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, pregnancy, age, ancestry, national origin, genetic information, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan for protected veterans/individuals with disabilities or policy statement, please email Recruiting@RegalRexnord.com.If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.

Equal Employment Opportunity Posters

Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.