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Job Summary
The Cost Accountant will be responsible for developing and maintaining standard costing, analyzing manufacturing costs, and providing actionable insights to improve efficiency and profitability. Reporting directly to the Plant Controller, the role is a critical partner to the plant operations team and the division Finance team in financial and management reporting. This role requires strong analytical skills and the ability to work collaboratively across departments.
Key Responsibilities
Develop and maintain standard costs for annual revaluation as well as daily regular setup of new materials with a focus on analytical cost savings opportunities
Ensure alignment with planning, sourcing, and production teams on direct material pricing, freight, direct labor hours, machine hours, setup times, and other inputs relevant to the accurate valuation of inventory
Compile labor and manufacturing spend reports daily, weekly, or monthly for team use and facilitate regular meetings with department leads to identify risks and opportunities in achieving monthly targets
Analyze production cost variances to understand drivers of favorability or unfavorability. Work with other teams to correct any transactional errors and support follow-up actions addressing improvements.
Prepare and post all accounting journal entries as part of the monthly closing cycle
Support inventory cycle counts and site balance sheet reconciliation preparation
Ensure compliance with GAAP and company policies
Identify and implement process improvements that promote efficient, accurate, reliable, and meaningful use of information for all business partners
Qualifications
Bachelor’s degree in Accounting or Finance.
2+ years of experience in accounting or finance role, a Manufacturing setting is a plus.
Strong understanding of accounting principles
Proficiency in Microsoft Excel with the ability to organize data efficiently and effectively, including comfortable use of pivot tables, reference formulas, and basic troubleshooting.
Prior use of SAP or other ERP systems is preferred. Basic computer literacy and proficiency navigating/learning new software systems is required.
Excellent analytical, organizational, and written and verbal communication skills.
Restrictions imposed by federal export control laws may limit this job opportunity to candidates who are a “U.S. Person”, which includes U.S. citizens, U.S. nationals, U.S. permanent residents, individuals granted asylum in the United States, and refugees in the United States, or who otherwise can qualify for a license that permits them to hold the position.
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.
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.
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