Position Summary:
Manages financial risks, financial planning and forecasting within a specific business unit or function including compliance with all financial record-keeping requirements. May also manage other finance disciplines including general accounting. Provides hiring, promotion and disciplinary action recommendations, as well as performance evaluation and feedback for direct reports.
Major Responsibilities:
• Manages general accounting function(s) and team responsible for the preparation of reports and statistics reflecting earnings, profits, cash balances, and other financial results for a plant or business.
• Manages team responsible for the close process including balance sheets, profit and loss statements. May be responsible for closing capital/fixed asset sub-ledgers and other responsibilities associated with capital/fixed assets.
• May manage accountants responsible for cost accounting and/or fixed asset accounting activities. May lead cost accounting and/or fixed asset accounting projects at various times of year.
• Implements processes and controls to ensure compliance with statutory regulations and Corporate accounting standards/policies.
• Makes recommendations to drive business strategy and results. Leads projects in targeted improvement areas.
Team Responsibilities Specifics:
• Manage and oversee the daily operation of the accounting department including but not limited to:
o Preparing monthly, quarterly and annual statutory reports
o Preparing financial statements and related schedules
o Preparing relevant documents for BIR filings and assessments
o Preparing monthly trial balance and Bank reconciliations
o Responsible in the monthly and annual closing of the books
o Preparing and processing of payroll
o Month and year-end process
o Accounts payable/receivable
o Cash receipts
o General ledger
o Treasury
o Cash forecasting
o Revenue and expenditure variance analysis
o Capital assets reconciliation
o Trust account statement reconciliations
o Check runs
o Fixed asset activity
o Debt activity
• Monitor and analyze accounting data and produce financial reports or statements
• Establish and enforce proper accounting methods, policies and principles
• Coordinate and complete accounting audits
• Ensure accuracy and completeness in the output of accounting staff
• Ensure the accuracy of company ledger
• Collaborates with management and department heads to resolve accounting-related issues
• Improve systems and procedures and initiate corrective actions
• Meet financial accounting objectives
Required Education / Experience / Skills:
• Bachelor’s degree in Accounting, Finance, or related field. CPA Required.
• Experience in Management, Accounting, or related field may be preferred.
• Excellent leadership and communication skills.
• Strong understanding of accounting, finance, and management principles.
• Exceptional math skills.
• Proficiency with computers, especially bookkeeping software and MS Office.
• High level of efficiency and accuracy.
• Willingness to comply with all local, state, federal, and company regulations.
• Attention to detail and ability to analyze large amounts of data.
Travel: As needed
Language: English
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.