Manager II, Accounting

Work Model: Hybrid — onsite at your designated Regal Rexnord location at least 3 days per week (Monday–Thursday), with flexibility to work remotely up to 2 days, including Friday.

About the Role

This Manager, Accounting role is an important member and leader of the Segment Accounting and Controlling team, providing financial oversight, accounting guidance, and analytical support to the Power Efficiency Solutions (PES) segment. This role will manage a team of two individuals focused on leading accounting, analysis, and controls related to inventory, obsolescence, standard costing, manufacturing plant support, sourcing, and new product execution.

We are looking for someone who can build strong relationships within the organization; build a strong team and engage at all levels; take advantage of data & analytics to provide business insight and decision support; drive improvements, efficiencies, and harmonization in monthly processes; interpret technical accounting on routine and non-routine matters; and maintain compliance with accounting controls and policies. The role requires a “hands-on” person who is detail-oriented and results-driven.

The Manager, Accounting will report directly to the PES Controller and will serve as a key liaison and business partner with the Segment CFO, Business Unit Finance Leaders, Plant Controllers, Corporate Accounting and Compliance, and PES cross-functional teams.

Responsibilities

• Collaborates with the PES Controller in providing comprehensive financial support to the PES global segment and business functions.
• Leads month-end close and manages reserve calculations, accruals, and reporting related to inventory, including excess and obsolete inventory reserves, lower of cost or net realizable value reserves, freight and tariff accounting, capital investments, and other assigned areas.
• Responsible for reviewing capitalized variance accounting related to material, freight, and tariff variances.
• Reviews monthly journal entries and account reconciliations for accuracy and proper recording of transactions; researches and explains performance variances.
• Works closely with manufacturing plants and supply management to root-cause and resolve ad-hoc inventory, costing, and margin questions.
• Oversees standard costing of new parts, annual cost roll, and transfer pricing for specified intercompany partners, suppliers, and shared distribution centers.
• Proactively supports internal controls and compliance matters to ensure company processes, controls, and accounting policies are understood and followed.
• Acts as a key business partner between Segment, Business Units, and Corporate Accounting to drive communication around accounting items, explain business trends, minimize month-end surprises, and improve financial reporting accuracy.
• Coordinates and supports internal and external auditors with data requests during quarterly and annual audits.
• Partners with IT and other functions to streamline current finance processes and create new processes for key business initiatives.
• Supports enhancements to Oracle ERP system, including testing and training.
• Manages, develops, and provides coaching and support for the PES accounting team.

Requirements

• Bachelor’s degree in Finance or Accounting required; CPA preferred.
• Minimum 5 years of relevant and progressive finance/accounting experience, preferably 2+ years in the manufacturing sector.
• Must be familiar with General Ledger, Invoicing, Accounts Receivable, Accounts Payable, Purchasing, and Inventory accounting and business processes.
• Strong working knowledge of ERP systems; experience with Oracle, SAP, Hyperion, and/or OneStream is a plus.
• High proficiency with Microsoft Excel and PowerPoint.
• Mindset of continuous improvement and ability to embrace Regal Rexnord’s 80/20 principles.
• Proven ability to take initiative, investigate complex processes, and develop innovative solutions to drive accurate results.
• Leverages analytical skills to organize and translate data into actionable insights for decision-making.
• Able to tolerate ambiguity, adapt to new situations, and devise ways to overcome obstacles to achieve finance and business objectives.
• Can manage multiple tasks simultaneously, prioritize, and direct work to meet deadlines with a sense of urgency.
• Commitment to coaching and mentoring staff to enhance proficiency, competencies, and long-term development.
• Ability to create a high-performance work environment where team members feel engaged and supported.

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

Schedule

Hybrid in the Milwaukee area; 5% travel required.

About the Company

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates worldwide, providing sustainable solutions that power, transmit, and control motion. The company’s offerings include electric motors, air-moving subsystems, power transmission components, and automation solutions for applications ranging from factory automation to precision control in surgical tools. Regal Rexnord serves end markets such as factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture. The company operates through three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control, with facilities worldwide.