Treasury Analyst

Regal Rexnord•Rosemont, IL

2d•$70 - $80•Hybrid

About The Position

Position Overview: Regal Rexnord is seeking a highly motivated Treasury Analyst who will serve as a key member of the Global Treasury Team. The primary role of the Analyst will be to help drive the evolution of the corporate treasury function by supporting the team's data analytics and process enhancement initiatives. Reporting to the Senior Treasury Manager, the Treasury Analyst will drive transformation to produce more accurate and timely cash forecasting, reporting and analyses for senior leadership. This is a hands-on role that requires interaction with various Regal Rexnord departments and global finance teams, including Accounting, Tax, Collections and Accounts Payable. The successful candidate must be able to generate win-win outcomes by building partnerships across the enterprise while aligning expectations and integrating various points of view.

Requirements

The successful candidate will preferably have experience in cash management, including cash forecast modeling and analysis.
A successful candidate must have the passion, energy and intellectual curiosity necessary for a fast-paced, growth-driven, and continuous improvement environment.
Bachelor’s degree required in Finance or Accounting.
CPA or CTP preferred
0 - 2 years of experience with multi-national corporation, experience with Big 4 accounting firm or large commercial or investment bank.
Must be able to analyze and resolve issues, multi-task, prioritize work assignments, and meet stringent deadlines in a fast-paced environment.
Knowledge of accounting principles and GAAP accounting rules.
Advanced MS Excel skills and knowledge of treasury and financial software packages.
Treasury Management System experience preferred.
Knowledge of Oracle, SAP, Hyperion and OneStream a plus.
Ability to travel up to 10% domestically.

Nice To Haves

Strong analytical skills with an attention to detail.
Detail-oriented self-starter with the ability to work independently and within a team environment
Creative and resourceful thinker with strong problem-solving and critical thinking abilities.
Able to communicate in oral and written form with all levels of the organization
Has a mindset of continuous improvement and can embrace Regal’s 80/20 principles.

Responsibilities

Performs daily cash functions, including daily cash positioning, cash pooling, intercompany loans, short-term investing and borrowing and wire payments.
Maintain the global inventory of bank accounts in the Treasury Management System and manage process for opening, modifying and closing bank accounts.
Validate authorized signatories on bank accounts, with controls to identify former employees timely and centralize authority with Corporate signers to the extent possible.
Support developing and implementing bank and bank account rationalization initiative to have an efficient banking structure.
Improve global cash visibility and forecasting by creating and executing processes for Non-U.S. subsidiaries to report cash balances and activity detail.
Creates and analyze forecasting models involving cash flow, balance sheet, and income statement projections.
Monitors forecast variance to actual, determining cause(s) of variance(s), and recommends forecast model refinements to drive improvement in accuracy.
Assist in Implementation, and utilize the Treasury Management System (GTreasury), to track, monitor, evaluate and report on cash balances and liquidity.
Manages appropriate procedures and processes around month-end and quarter-close activity.
Generate written procedures and assist in creating efficiencies in processes.
Assist with various projects and perform other duties as assigned.