Manager II, Site Controller

Regal Rexnord•West Chester, PA

10d

About The Position

SUMMARY The Manager of Finance will have financial leadership responsibility for a $75 Mn business unit forecasted to deliver double digit CAGR. The Manager of Finance is a strategic leadership position responsible for maintaining accurate financial records, financial planning and analysis, leadership of the annual plan & budgeting process, and monthly forecast schedule. Essential Duties and Responsibilities Responsible for the oversight of the finance/accounting activities of the West Chester business unit Partner with the site operation head and other Functional heads to help drive strategic and operational planning idea generation, initiative-taking financial analysis, special projects, capital investment proposals and developing annual operating plans (budgets). Implement process improvements in areas of Purchasing, Inventory control and Sales cycle/AR Ensures all policies, processes and transactions are in conformance with the overall Operating Company and Regal Rexnord Corporate Policy; ensure adequate internal controls are in place, deal with Internal and Statutory audits as well as SOX compliance procedures, protecting all confidential, privileged, and proprietary information. Play key role in creation and execution of a Risk Mitigation Plan (including Trade Compliance, Business Interruption Planning, and Financial Compliance) to ensure all current and future business risks are identified and mitigated Performing all tasks associated with the general ledger, i.e., entering/approving monthly journal entries, executing monthly closing entries, executing month end general ledger, preparing and reviewing financial statements. Coordinating the completion of the balance sheet account analysis. Provide forecast updates monthly. Review cost center and chart of account structures. Make recommendations as to cost center account structure that will identify the nature of expenses to their proper area; assisting in controlling annual expenditures and streamlining the data processing support required during month end for the facility. Evaluating subsidiary journals for obvious errors and omissions and entering corrected data into the general ledger. Supervision of financial personnel in fulfilling the responsibilities of the finance department and development of a world class organization. Work with operations and other functions to drive and achieve desired productivity targets. To analyze Inventory and work with operations to minimize inventory write-offs and achieve desired days’ inventory outstanding. To set up standard costing every year as per the Regal Rexnord corporate guidelines. Other duties may be assigned with global impact. Critical Competencies Ability to analyze and interpret financial data, for high level decision making. Strong strategic financial acumen to analyze data, anticipates risks, drive results, and make recommendations for strategic business growth. Must be initiative-taking, possess executive presence ability to communicate clearly, effectively, and efficiently

Requirements

The Manager of Finance will be a well-rounded financially strategic professional with 10 years working experience and engaged in leadership roles for the last 3-5 years, independently managing overall finance responsibility of a manufacturing/industrial company to ensure accuracy and predictability of results.
BA/BS in Accounting, Finance, Business or related discipline, or equivalent experience
Knowledge of various reporting systems including Oracle and Hyperion; ability to create reports and presentations for senior leadership is essential
Minimum of 3-5 years managing direct reports
Proficiency Working in Oracle or equivalent ERP
HFM, OneStream or equivalent MIS reporting software

Nice To Haves

CPA strongly preferred and must have strong fundamental and adequate exposure to financial reporting under the US GAAP requirements

Responsibilities

Responsible for the oversight of the finance/accounting activities of the West Chester business unit
Partner with the site operation head and other Functional heads to help drive strategic and operational planning idea generation, initiative-taking financial analysis, special projects, capital investment proposals and developing annual operating plans (budgets).
Implement process improvements in areas of Purchasing, Inventory control and Sales cycle/AR
Ensures all policies, processes and transactions are in conformance with the overall Operating Company and Regal Rexnord Corporate Policy; ensure adequate internal controls are in place, deal with Internal and Statutory audits as well as SOX compliance procedures, protecting all confidential, privileged, and proprietary information.
Play key role in creation and execution of a Risk Mitigation Plan (including Trade Compliance, Business Interruption Planning, and Financial Compliance) to ensure all current and future business risks are identified and mitigated
Performing all tasks associated with the general ledger, i.e., entering/approving monthly journal entries, executing monthly closing entries, executing month end general ledger, preparing and reviewing financial statements.
Coordinating the completion of the balance sheet account analysis.
Provide forecast updates monthly.
Review cost center and chart of account structures.
Make recommendations as to cost center account structure that will identify the nature of expenses to their proper area; assisting in controlling annual expenditures and streamlining the data processing support required during month end for the facility.
Evaluating subsidiary journals for obvious errors and omissions and entering corrected data into the general ledger.
Supervision of financial personnel in fulfilling the responsibilities of the finance department and development of a world class organization.
Work with operations and other functions to drive and achieve desired productivity targets.
To analyze Inventory and work with operations to minimize inventory write-offs and achieve desired days’ inventory outstanding.
To set up standard costing every year as per the Regal Rexnord corporate guidelines.
Other duties may be assigned with global impact.