Manager II, Accounting

About this role

Work Model: Work Model: You’ll work in a hybrid model, onsite at your designated Regal Rexnord location at least 3 days per week (Monday–Thursday), with flexibility to work remotely up to 2 days, including Friday. ____________________

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 

Benefits • 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

About Regal Rexnord 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 tra

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