Cost Accountant

Regal Rexnord•Wichita Falls, TX

1d•Onsite

About The Position

This position is based onsite 5 days a week out of our Wichita Falls, Texas plant. Essential Duties and Responsibilities Responsible for maintenance of standard cost system. Includes establishing new part costs through the ERN process and the follow-up and maintenance of existing part cost. Responsible for issuing credit memos to customers for returned material on RGA’s and miscellaneous debits and credits. Updates the RGA database with necessary information as it relates to the CPR. Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights. Responsible for the month-end sales and cost of sales journal entries. Perform monthly WIP reviews to ensure accurate tracking, valuation, and reconciliation of production costs Manages the fixed asset register, Construction-in-Progress (CIP) activity, processes capital asset requests, and ensures compliance with accounting standards, internal controls, and organizational policies Reviews daily manufacturing and material transactions and populates daily KPI reports. Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights. Assists with Accounts Payable issues when necessary Assists with Month-End closing as necessary Critical Competencies To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Proficient with Excel and Access necessary. Experience with ERP systems; SAP knowledge a plus Able to communicate effectively both verbally and written with all levels of employees within the facility and outside contacts. Ability to work under pressure in a detailed and organized manner. Education and Experience Requirements Bachelor’s degree required, preferably in accounting, finance, or a related field. Strong understanding of GAAP and cost accounting principles Three to five years’ experience with accounting and manufacturing systems preferred Physical Demand and Work Environment: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, feel and reach with hands and arms. The employee frequently is required to talk and hear. The employee is occasionally required to stand and walk, also must occasionally lift and or move up to 10 pounds. Specific vision ability required by this job is related to the use of computers including close vision, peripheral vision, and ability to adjust focus. Overnight travel less than 10%. The work environment is mostly in an office setting, occasionally maybe in a production setting. General: This job description indicates the general nature and level of work expected of the employees. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required. The employee may be asked to perform other duties as required. Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization. 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 Regal Rexnord 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. Equal Employment Opportunity Statement 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 [email protected]. 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 [email protected]. Equal Employment Opportunity Posters Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made. At Regal Rexnord, our business purpose is to create a better tomorrow with sustainable solutions that power, transmit and control motion. Our Values Our values frame our culture - a shared understanding of how we think and act relative to our key stakeholders. We center our behaviors, actions and decisions around the following values: Integrity Responsibility Diversity, Engagement & Inclusion Customer Success Innovation with Purpose Continuous Improvement Performance Passion to Win ….with a Sense of Urgency Not finding the right fit? Let us know you're interested in a future opportunity by clicking Get Started below or create an account by clicking 'Sign In' at the top of the page to set up email alerts as new job postings become available that meet your interest!

Requirements

Proficient with Excel and Access necessary.
Experience with ERP systems; SAP knowledge a plus
Able to communicate effectively both verbally and written with all levels of employees within the facility and outside contacts.
Ability to work under pressure in a detailed and organized manner.
Bachelor’s degree required, preferably in accounting, finance, or a related field.
Strong understanding of GAAP and cost accounting principles
Three to five years’ experience with accounting and manufacturing systems preferred

Nice To Haves

Experience with ERP systems; SAP knowledge a plus
Three to five years’ experience with accounting and manufacturing systems preferred

Responsibilities

Responsible for maintenance of standard cost system.
Includes establishing new part costs through the ERN process and the follow-up and maintenance of existing part cost.
Responsible for issuing credit memos to customers for returned material on RGA’s and miscellaneous debits and credits.
Updates the RGA database with necessary information as it relates to the CPR.
Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights.
Responsible for the month-end sales and cost of sales journal entries.
Perform monthly WIP reviews to ensure accurate tracking, valuation, and reconciliation of production costs
Manages the fixed asset register, Construction-in-Progress (CIP) activity, processes capital asset requests, and ensures compliance with accounting standards, internal controls, and organizational policies
Reviews daily manufacturing and material transactions and populates daily KPI reports.
Analyze manufacturing variances (material usage, labor efficiency, overhead absorption) and provide actionable insights.
Assists with Accounts Payable issues when necessary
Assists with Month-End closing as necessary