Accountant III - Charlotte, United States - Regal Rexnord Corp

Description

Scope of Role

The Accountant III is responsible for finance and accounting information for the Boston Gear, Bauer U.S. and Micron Gearhead business lines, including but not restricted to preparation of financial information for the Charlotte, NC manufacturing operations.

The position is hands-on and highly interactive with operations leadership as well as Corporate Finance and external audit firms and requires an attitude and emphasis on providing excellent customer service and expertise to the business.

Essential Duties and Responsibilities

• Participate and oversee monthly and quarterly financial statement preparation, together with, supporting senior cost accountant, for all businesses and/or value streams
• Prepare certain monthly closing journals, reconciliations, and supplemental data
• Analyze and provide commentary of drivers behind operating variances and comparison variances
• Consolidate and review monthly closing documents including standard reporting package and KPI's
• Provide support for local Operations teams related to monthly KPI tracking, ensuring data accuracy and timeliness
• Support operations management in any needed ad-hoc financial analysis of (but not limited to) departments, value streams and plant/office/support areas
• Execute forecast changes in financial reporting system
• Analyze and complete quarterly, and ad-hoc, Internal & External Audit requests for all Charlotte businesses
• Provide accurate and timely financial information to both Internal and External Audit Team members, as well as corporate finance department team members and division leadership as requested
• Lead the local annual budgeting process for all Charlotte based businesses including (cost center & account planning/headcount/file preparation/SAP budget data entry)
• Determine and analyze annual overhead & labor rates, together with senior cost accountant, to research and determine the drivers behind changes in rates year over year, in addition, assist senior cost accountant with annual cost roll impact analysis
• Responsible for reviewing and tasking Shared Service functions to support local AP, AR, journal entry, and asset management
• Manage and evaluate accounts receivable balances by customer to insure favorable DSO trends and bad debt expenses
• Ensure Capital projects are closed and tracked properly
• Review and approve any invoices through the automated invoicing system
• Provide any financial support to information technology team to implement any new systems within the ERP system
• Manage and obtain approval for all requested capital expenditures and maintain controls on all plant processes within the required and approved project budgets
• Monitor and approve both hourly and salary payroll registers to ensure accurate pay for employees
• Perform reporting and analysis of business working capital and help drive projects and focus on improvement opportunities
• Oversee, with support from senior cost accountant, cycle counting activities and physical inventory control per company standards
• Monitor all activities and ensure compliance to all corporate standards
• Determine and maintain all accounting principles and processes and ensure compliance to US GAAP regulations
• Assist Group Controller as needed

Critical Competencies

This position is subject to policies and procedures set forth by the State Department and applicants who do not meet such requirements will not be eligible for the position.

• Demonstrated knowledge of standard accounting activities, such as journal entry preparation and posting, account reconciliations and analysis, preparation and analysis of financial statements, and application of accounting policies
• General knowledge of cost accounting principles to support variance analysis and profitability analysis
• Broad, up-to-date knowledge of and ability to research GAAP and related guidance is required
• Intermediate to advanced proficiency in Microsoft Office software applications, including Excel
• Strong problem solving and critical thinking skills with a continuous improvement mindset
• Result-oriented with a demonstrated ability to effectively manage time and multiple priorities.
• Highly productive with a strong sense of urgency and orientation to details, accuracy, and excellent outcomes
• Demonstrated flexibility and willingness to adapt to internal processes and change, delays or unexpected events

Willingness to travel 5-10% of the time and be available to work extended hours as needed

Education and Experience Requirements

• Bachelors degree with Accounting Major/concentration is required. MBA or Masters in Accounting preferred
• CMA or CPA license is a plus
• Minimum of 5 years of experience in accounting/finance in a manufacturing environment is required
• Experience with SAP, Hyperion and/or Tagetik is preferred
• Exposure to lean manufacturing is a plus
  

PHYSICAL DEMANDS:

Potential physical demands include but are not limited to: frequent sitting and occasional bending and stooping. Potential sensory demands include but are not limited to: hearing and seeing. Must be able to work in a typical manufacturing facility and travel domestically to customer and/or supplier facilities which could involve walking, climbing and moving around working equipment.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT:

Majority of time is spent in an office environment, with frequent time spent in a manufacturing production environment locally. Personal protective safety equipment must be worn, and proper safety precautions must be observed. Potential exposure may include, but is not limited to: solvents, dusts, paint, noise, heat, cold.

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's 30,000 associates around the world 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 small, 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 is headquartered in Milwaukee, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit

Equal Employment Opportunity Statement

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, age, ancestry, national origin, 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 or policy statement, please email 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

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.