About This Role
Developing and maintaining standard costing, analyzing manufacturing costs, and providing actionable insights to improve efficiency and profitability is the core of this onsite role. Reporting directly to the Plant Controller, the Cost Accountant is a critical partner to the plant operations team and the division Finance team in financial and management reporting. This position requires strong analytical skills and the ability to work collaboratively across departments.
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
Requirements
- Bachelor’s degree in Accounting or Finance
- 2+ years of experience in an 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
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
About the Company
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.
