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Position Summary:
Functionally reporting to the Segment Finance Director, the Staff Accountant will support the monthly accounting close and consolidation process in partnership and collaboration with members of the broader accounting team and other stakeholders throughout the Company. This position will maintain close working relationships with Segment Controllership and Finance teams and various other departments throughout the organization, including Treasury, Legal and HR. The Staff Accountant is a full-time role.
This role will have a broad responsibility for the following areas:
Regal Rexnord is a $6.5B 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.
Functionally reporting to the Segment Finance Director, the Staff Accountant will support the monthly accounting close and consolidation process in partnership and collaboration with members of the broader accounting team and other stakeholders throughout the Company. This position will maintain close working relationships with Segment Controllership and Finance teams and various other departments throughout the organization, including Treasury, Legal and HR. The Staff Accountant is a full-time role.
This role will have a broad responsibility for the following areas:
- General Ledger
- Consolidations and Intercompany Accounting– ownership of the final consolidation and intercompany elimination process, Hyperion loads, mapping, etc
- Treasury Accounting – debt and interest, hedging, cash reconciliations, dividends
- US Ledger Accounting – shared accounting for certain activities of US and Mexico based businesses
- Support the monthly close and consolidation process, including cash, prepaids, fixed assets, leases, accruals / reserves, debt, allocations, insurance, and equity
- Prepare certain journal entries, account reconciliations and financial statement analytics
- Drive continuous improvement and reduce cycle time in the monthly close process through the increased utilization of technology and tools, implementation of standard operating procedures and other efficiency measures
- Support internal control assessments and establish and maintain effective design and operating effectiveness of internal controls of assigned processes
- Implements processes and controls to ensure compliance with statutory regulations and Corporate accounting standards/policies.
- Provides SEC Reporting support as needed – rollforwards, support schedules
- Coordinate with and support external auditors for quarterly reviews and annual audit
- Bachelor's degree in Accounting
- CPA or CPA equivalent preferred
- At least 5 years of relevant accounting experience
- Consolidation experience at a large, multi-national company is strongly preferred
- Experience with Oracle/SAP ERP system, Hyperion and/or OneStream is strongly preferred. Must have strong experience with Microsoft Excel, PowerPoint and Word.
- Public accounting and/or large US public company experience a plus
- Strong understanding and practical working knowledge of US GAAP
- Manufacturing experience is a plus
- Strong communication skills
- Curious mindset that proactively seeks understanding and feedback
- Insightful ability to identify trends and themes for continuous improvement across the function
- Ability to overcome obstacles and achieve objectives, changing direction along the way to achieve business objectives
- Motivated by and thrives in a fast-paced environment with frequent ad hoc requests and changing priorities.
Regal Rexnord is a $6.5B 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.
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