FP&A Analyst III

Regal Rexnord•Milwaukee, WI

45d•Onsite

About The Position

Position Overview: The FP&A Analyst is a key member of the Industrial Components Division within the Industrial Powertrain Solutions Segment that is based out of Regal Rexnord’s Milwaukee, WI headquarters offices. The role is a critical partner to the operations teams in optimizing and executing financial planning, reporting and analysis in support of the Industrial Components Business Unit. Key Responsibilities: Summarize and present financial results, along with key sales and cost drivers. Lead variance analysis to key benchmarks (budget, forecast, prior year, etc.) and clearly communicate key assumptions/inputs to plant leadership to ensure achievement of performance objectives. Provide educated, insightful commentary to Business Unit and Division management at the end of the reporting period. Develop and deploy key operational metrics and analysis to support daily management of the business, while proactively managing costs and working capital to drive sustainable improvement. Partner with BU leadership to drive daily, weekly and monthly say/do operational and financial performance. Partner with Operations to support make/buy decisions, capital investments, inventory management, ad hoc analysis, and other needs. Support Business Unit and Division level inventory standard costing and margin analysis activities, including managing the annual standards roll. Assist in the build of monthly forecast, strategic plan, and Annual Operating Plan (budget). Leverage analytical skills and system knowledge to organize and synthesize large amounts of data. Effectively translate data into insights that assist stakeholders in understanding business performance, including recommending solutions to improve performance. Gather and analyze information to help identify P&L and working capital trends. Communicate potential risks and opportunities vs the plan and recommend action plans to improve returns. Conduct financial analysis and provide support on strategic projects such as capital spend allocations, cash flow projections, and integration activity. Effectively communicate across all levels of the organization to ensure expectations, timelines, and finance deliverables are consistently understood and completed. Support internal control processes to ensure compliance with statutory regulations and Regal Rexnord accounting policies. Performs other duties as assigned.

Requirements

Bachelor’s degree in finance, Accounting, or a related field (CPA designation is a plus).
Minimum of 5 years of relevant experience in financial/ accounting functions.
Experience in the manufacturing industry is preferred.
Presents ideas effectively both verbally and in writing.
Able to communicate with key stakeholders in a proactive, concise, and compelling manner to counsel, provide guidance, and influence as appropriate.
Familiarity with lean principles, methodologies, and application of multiple CI tools, such as 80/20, 6S, Standard Work, Visual Management, and Problem Solving.
Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.

Nice To Haves

Proficiency with Microsoft Office applications, including advanced Excel skills.
Experience with Power BI is preferred.
Experience with OneStream or other consolidation and reporting tools is a plus.
Experience with SAP/Oracle is a plus.
Demonstrated competency and ability to effectively present financial concepts and narratives to non-financial audiences (such as analysis of sales reports for margins).

Responsibilities

Summarize and present financial results, along with key sales and cost drivers.
Lead variance analysis to key benchmarks (budget, forecast, prior year, etc.) and clearly communicate key assumptions/inputs to plant leadership to ensure achievement of performance objectives.
Provide educated, insightful commentary to Business Unit and Division management at the end of the reporting period.
Develop and deploy key operational metrics and analysis to support daily management of the business, while proactively managing costs and working capital to drive sustainable improvement.
Partner with BU leadership to drive daily, weekly and monthly say/do operational and financial performance.
Partner with Operations to support make/buy decisions, capital investments, inventory management, ad hoc analysis, and other needs.
Support Business Unit and Division level inventory standard costing and margin analysis activities, including managing the annual standards roll.
Assist in the build of monthly forecast, strategic plan, and Annual Operating Plan (budget).
Leverage analytical skills and system knowledge to organize and synthesize large amounts of data.
Effectively translate data into insights that assist stakeholders in understanding business performance, including recommending solutions to improve performance.
Gather and analyze information to help identify P&L and working capital trends.
Communicate potential risks and opportunities vs the plan and recommend action plans to improve returns.
Conduct financial analysis and provide support on strategic projects such as capital spend allocations, cash flow projections, and integration activity.
Effectively communicate across all levels of the organization to ensure expectations, timelines, and finance deliverables are consistently understood and completed.
Support internal control processes to ensure compliance with statutory regulations and Regal Rexnord accounting policies.
Performs other duties as assigned.