Cost Accountant III

4 days left

Regal Rexnord Corp.
Mar 07, 2024
Apr 21, 2024
Work Mode
Work from office
Full Time
Organization Type
Academia, Corporate
Position Summary: The Financial Analyst is an important member of the FP&A team and will be a key partner to the Climate Solutions Finance Director for the design, development and implementation of an analysis process & system framework that our segment will use to perform key analyses and recommendations for both short term and long term strategic initiatives, operational improvement projects and other business priorities.

The Financial Analyst is responsible for supporting financial planning, reporting and analysis at the Site level level. This will include (i) coordination of certain report out activities (ii) consolidation of financial information for management reporting, (iii) assistance with segment wide financial forecasting and planning deliverables, (iv) involvement in strategic plan preparation and (v) project based work based on ad hoc needs / in lieu of continuous improvement. The role will require critical thinking, analytical mind as well as financial and business acumen to facilitate necessary analysis utilizing appropriate financial concepts and techniques and formulate appropriate conclusions and recommendations.

Major Responsibilities:

Lead Inventory and Cost Management area including maintaining proper Cost records. Vetting Financial Viability of New Product Development (NPD) by Ascertaining, SVA, IRR, NPV with recommendations to improve margins. Finalize and disseminate various analysis including Inflation Analysis and Material Variance Calculations with different comparable viz YoY, AOP, Previous Quarter etc. SPOC for all compliance related audits including SOX, Internal Audits, Yearly Statutory Audits related to Inventory and cost management. Lead Inventory updates in Oracle and Physical stock take activities. Lead plant efficiency analysis through formulation and comparison of Standard Cost Vs Actual Cost. Communicate Operational results and explain variances to Top Management. Contribute in preparation & Finalization of Annual Operating Plan (AOP), Long Range Plan (LRP) & Commitments including various complex analysis. Lead in quick turnaround to all Product costing request by various Product Managers & Top Management for Cost comparisons Preparation of Customer and product growth analysis etc. Capital Budgeting. Proven ability of conducting detailed ledger scrutiny to provide insight of efficiency gaps and draw trends.


Required Education/Experience/Skills:
  • CWA with minimum 5 year of Post Qualification Experience
  • Experience in manufacturing sector in mid/large size Corporation (most preferred)
  • Most recent experience within Manufacturing Unit and demonstrated evidence of understanding framework across the enterprise (preferred)
  • Experience with Oracle along with Hyperion (preferred).

Regal Rexnord Corporation ("Regal Rexnord") is a leading manufacturer of electric motors, electrical motion controls, power generation and mechanical power transmission products and sub-systems, 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. With the announcement of the acquisition of Altra Industrial Motion, a ~$2B global business with 9,000 associates, focused on Power Transmission and Factory Automation products, Regal Rexnord will become a $7.3B company with 36,000 associates globally.

You may not know it, but Regal Rexnord impacts your life every day. The company's 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, to name a few of the applications where our products are used.

Regal Rexnord's business purpose is to create a better tomorrow by energy-efficiently converting power into motion. This means creating innovative solutions while focusing on both customer needs and the company's commitment to sustainability. The company's industrial powertrain and automation solutions offerings are an important part of the company's growth strategy. The company's strategy includes leveraging 80/20 to prioritize all activities, including product excellence, operational excellence and commercial excellence (i) driving organic sales growth through the introduction of innovative new products, with a particular focus on improving energy efficiency, (ii) establishing and maintaining new customers, as well as developing new opportunities with existing customers, (iii) participating in higher growth end markets and geographies, and (iv) identifying and consummating strategic, value creating acquisitions.

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.

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