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Financial Analyst job in Grafton at Rexnord

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Financial Analyst at Rexnord

Financial Analyst

Rexnord Grafton, IL Full-Time

Regal Rexnord Corporation (RRX) is approximately a %245B 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 %26amp; 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%26rsquo;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 your better tomorrow.


Scope of leadership role

The Financial Analyst is a key member of the Corporate Accounting team and is responsible for, but not limited to, preparing monthly and quarterly journal entries, balance sheet reconciliations and management of IT vendor relations. This position will perform financial analysis utilizing appropriate financial concepts and techniques and recommend alternative courses of action. In addition, this role will also be responsible for the reconciliation of the leasing portfolio.

Key Responsibilities

  • Consolidation of Global IT financial data and preparation of the variance analysis.
  • Tracking IT Capital Projects, including spend, project completion, and forecasting depreciation.
  • IT Lease Management- monthly reconciliation, supporting journal entries.
  • Produce monthly reports, which include financial results, and variance reporting.
  • Prepare monthly journal entries reviewing the general ledger for accuracy and proper recording of transactions and corresponding reconciliations.
  • Partner with Corporate Accounting and Corporate FP%26amp;A for annual budgeting and forecasting processes.
  • Creation of external Purchase orders ensuring accuracy and within budget.
  • Review of invoices and research any discrepancies.
  • Backup for Vendor Management, including setting up Vendors, changing, onboarding, and collaboration with contract management team.
  • Responds to business unit questions regarding accounting policies or implications and provides guidance and support to Regal Rexnord finance teams.
  • 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.
  • Performs tasks in accordance with Generally Accepted Accounting Principles (GAAP).

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

  • B.S. in Accounting, Finance or related field or equivalent experience.
  • 2+ years of increasingly responsible accounting experience
  • Strong knowledge of GAAP
  • Excellent verbal and written skills
  • Blackline and Hyperion experience desired
  • Oracle experience, and/or Systems implementation experience a plus
  • Self-starter, desire to learn and contribute
  • Proven ability to work with a cross functional team
  • Demonstrated analytical approach to problem solving

 

Recommended Skills

  • Analytical
  • Bank Reconciliation
  • Communication
  • Contract Management
  • Finance
  • Financial Analysis
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Job ID: 220001FZ