Regal Beloit

Regal Rexnord Corporation (RRX) is approximately a $5B publicly traded global manufacturer of electric motors and controls, electrical components and power transmission products serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. The company has approximately 29,000 global associates with significant operations in the US, Mexico, Europe, China, and India. Regal Rexnord Corporation is the result of a merger between Regal Beloit Corporation and Rexnord’s PMC business which was completed in 2021. The headquarters for Regal Rexnord is located in Beloit, WI with an executive satellite office in Rosemont, IL.

You may not know it, but Regal Rexnord impacts your life every day. Our products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing.

Our business purpose is to create a better tomorrow by energy-efficiently converting power into motion. For us, this means creating innovative solutions while focused on both customer needs and our commitment to sustainability. Join our team to create a better tomorrow together!

Scope of role

The Staff Accountant is an integral member of the Corporate Accounting department. This individual interacts with the treasury, operations and compliance groups. It is a great opportunity for someone who enjoys innovation and implementing new processes. This role offers the potential to develop technical, accounting, and communication skills. 

The Staff Accountant is responsible for Intercompany processes, AR, AP, as well as supporting other team members. The position will be responsible for daily, monthly and quarterly activities to ensure that company books and records are accurate. They will assist the team on creating, testing and reviewing SOPs and contribute to other projects.

Key Responsibilities

• Monitors and reconciles the Intercompany accounts ensuring proper balancing between entities.
• Prepare monthly journal entries reviewing the general ledger for accuracy and proper recording of transactions, in accordance with Generally Accepted Accounting Principles (GAAP). 
• Assists with Allocations for A/P and A/R at month end
• Prepares required monthly and quarterly balance sheet reconciliations researching any variances, out-of-date transactions, other issues as they arise as part of month-end ledger close.
• Assists cash accountant in necessary research and clean up
• Responds to business unit questions regarding accounting policies or implications and provides guidance and support to finance teams.
• 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.
• At the direction of corporate accounting manager, provides data as requested to internal and external auditors for the corporate accounting group.
• Works with corporate accounting team to streamline and improve current accounting processes to facilitate the month end close and reconciliation processes.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

• Bachelor's degree in Accounting
• CPA or CPA equivalent preferred
• 0 - 3 years of relevant accounting experience
• Experience with Oracle 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 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.