Director, Accounting

Reporting to the IPS Segment Controller, the Director will lead and oversee the accounting close and consolidation process for the IPS Segment. This position oversees a group of approximately 8 people. The Director will serve as an important and strategic leader within the Company’s finance organization, leading & developing a team of finance professionals, contributing to the development of and compliance with standard frameworks and practices that enable accurate and timely financial statements, driving continuous improvement and efficiencies in the accounting close and partnering with and supporting the business on various accounting matters. This role will have significant visibility to executive leadership throughout the Company and will maintain close working relationships with the Segment CFO and Controller, Senior Director of FP&A and Finance Directors, and the Corporate Accounting/Shared Service teams, among others.

This leadership role will have a broad responsibility for the following areas:

- Central accounting for the global IPS segment – preparation and oversight of key accounting reserves such as Bad Debt, Excess and Obsolete Inventory, Profit in Inventory Elimination, and Inventory Cost Variance accounting, as well as other centralized accounting estimates and journal entries

- Cost Accounting Oversight – Ensures all plants are applying consistent cost accounting principles in accordance with Regal Rexnord policies

- Forecast Support – provide management insight into future account reserves and estimates, including updating forecast amounts within the planning tool.

- Consolidations and Intercompany Accounting– ownership of the final consolidation and intercompany elimination process within IPS

- Technical Accounting Support – provide sites with technical accounting support as questions arise or new transactions require support

- Strategic partner with the business ensuring accounting transactions and implications are know in advance and recorded appropriately

- Support routine and ad hoc requests from senior leadership and present reports and findings on a periodic basis.

Key Responsibilities

- Guides financial decisions by establishing, monitoring, and enforcing policies & procedures.

- Protects assets by establishing, monitoring, and enforcing internal controls.

- Monitors and confirms financial condition by conducting audits, providing information to auditors.

- Ensures application and compliance with Regal accounting policies and procedures, US GAAP, IFRS accounting and compliance rules and laws.

- Collaborate with the Corporate financial systems organization to leverage financial systems in support of IPS finance and business needs.

- Implements, applies, and standardizes SOX and internal controls, and monitors success to minimize risk.

- Directly manages and develops team associates, by driving, leading, and directly participating in the close process to ensure timely and accurate reporting.

- Completes all accounting activities, tasks and procedures needed.

- Develops and implements continuous process improvements in the accounting and compliance processes of Regal Rexnord.

- Manages general accounting function(s) and develops all local teams responsible for the preparation of reports and statistics, reflecting earnings, profits, cash balances, and other financial results for the business unit/group.

- Owns, manages and maintains standard application of accounting schedules, compliance of Regal accounting policies and of SOX compliance.

- Routinely and proactively conducts detail balance sheet reviews (minimize surprises).

- Drives all finding and/or process improvement opportunities to timely closures.

- Develops processes and controls to ensure compliance with statutory regulations and corporate accounting standards/policies.

- Proactively ensures completion of all other compliance requirements, e.g. governmental surveys.

- Drives consistency and continuous improvements in processes, tools, formats, and templates to mitigate risk.

- Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.

- Protects operations by keeping financial information and plans confidential.

- Contributes to team efforts of the global Segment by accomplishing related results as needed.

Professional Experience/Qualifications

- Bachelor's Degree in Accounting

- Master’s Degree in Accounting or MBA preferred

- CPA preferred

- 10+ years of relevant and progressive accounting experience

- Big 4 accounting and/or large US public company experience (manufacturing industry experience is preferred)

- Strong understanding and practical working knowledge of US GAAP

- Strong leadership, team building and project management skills

- Experience with SAP/Oracle ERP system or OneStream consolidation software is a plus.

- Strong experience with Microsoft Excel, PowerPoint and Word.

Travel:

- Limited travel (under 20%) to support team

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 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.

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, 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.