Manager-General Ledger Shared Services
Regal Rexnord
United States, Wisconsin, Milwaukee
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Salary
$53,200 - $72,900 Per Year
Rank
Senior Manager
Responsibility
Process Roles
Scope
Regional
Workplace
100% in office
Functions
Finance
Reports to
Director of Shared Service and Finance Transformation
Level
N-2
Travel Max:
20%
Posting Date
03-06-2024
Description
Under general guidance from the IPS Controller and directly reporting to the Director of Shared Service and Finance Transformation, this position will primarily be responsible for the period end close process for various business units, and the consolidation activities at a corporate segment level for the general ledger shared services group. This includes preparing and posting journal entries, reviewing and analyzing balance sheet accounts, completing account reconciliations, preparing reports, and various other general ledger (G/L) activities. This position will also analyze, compile and distribute weekly/monthly reporting packages while assisting business unit Controllers, Corporate Finance Team, and Segment leadership. This is a hands-on accounting position, managing 4-5 direct reports both in the US and abroad, and aiding in the distribution of work performed in the general ledger accounting group.
Key Responsibilities
- Drive the strategic direction and execution of G/L accounting processes related to accurate and timely recording and reporting of financial information and analysis of both internal and external reporting, in accordance with Regal Rexnord’s corporate accounting policies, Generally Accepted Accounting Principles (U.S. GAAP) and other relevant statutory, governmental or professional guidelines.
- Contribute to and manage various processes of the general ledger month-end close, including journal entry preparation (SAP/Blackline), account reconciliations, consolidation activities, intercompany balancing, as well as, presentation of the balance sheet and income statement results and analysis for multiple companies.
- Support the segment corporate consolidation process. Perform administration and closing tasks in Tagetik (financial consolidation software), ensuring proper accounting and internal controls are in place.
- Support finance transformation and the implementation of the new financial consolidation system.
- Prepare and analyze monthly account reconciliations. Ensure reconciliations are approved and appropriately maintained with supporting documentation in accordance with Corporate Accounting Policies, U.S. GAAP and/or other relevant statutory, governmental, and professional guidelines. Support senior accountants and staff accountants in the completion of similar duties.
- Lead the intercompany balancing process while collaborating with foreign and domestic site controllers to resolve any balancing issues.
- Serve as a subject matter expert for all general ledger accounting duties, as well as, various software packages – SAP, Tagetik, OneStream, and other software as needed.
- Serve as a training resource with a strong desire to support and improve the knowledge base of G/L team.
- Identifies and leads continuous improvement projects
- This is a hands-on accounting position, managing 4-5 direct reports.
Qualification & Requirements
- Bachelor’s Degree required, preferably majoring in Accounting or Finance
- CPA preferred. MBA or other advanced degree a plus.
- Minimum of 8 years of experience in accounting, finance, or related field
- Demonstrated leadership capability. Supervisory experience preferred.
- ERP experience required. Experience using major ERP Systems preferred – SAP, Oracle, or JD Edwards for example.
- Experience with financial consolidation software packages and other financial systems, such as CCH Tagetik, Hyperion/HFM, Onestream or Blackline preferred.
- Advanced skills in Microsoft Excel (Lookups, Sum Ifs, If statements, Pivot Tables). Proficiency with other MS Office tools – Word, Outlook, and PowerPoint.
- Experience in a shared services and/or manufacturing environment preferred.
- External or Internal Audit experience a plus.
- Must be able to maintain a flexible work schedule as needed during periods of high workload such as month-end close.
- Strong written and verbal communication skills with a customer service focus.
- Ability to adapt to change and navigate through ambiguity in a constantly evolving environment. Strong ability to remain calm under pressure.
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
Company Profile
Regal Rexnord
Industry
Electric Power Transmission Control and Distribution
Revenue
$6.25B
Employees
32,100
Fortune 500 Rank
#631
Global 500 Rank
NA
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