The posting
Work Model: You’ll work in a hybrid model, onsite at your designated Regal Rexnord location at least 3 days per week (Monday–Thursday), with flexibility to work remotely up to 2 days, including Friday.
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Regal Rexnord Corporation (RRX) is approximately a $7B+ publicly traded global manufacturer of electric motors and controls, electrical components and power transmission products serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. The company has approximately 36,000 global associates with significant operations in the US, Mexico, Europe, China, and India.
You may not know it, but Regal Rexnord impacts your life every day. Our products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing.
Our business purpose is to create a better tomorrow by efficiently converting power into motion. For us, this means creating innovative solutions while focused on both customer needs and our commitment to sustainability. Join our team to create your better tomorrow.
JOB DESCRIPTION
Position Summary:
Reporting directly to the President for the division, the Senior Director of Finance will be responsible for providing Finance leadership for the Motion Control Systems Division of Regal Rexnord, which is within the Automation and Motion Control (AMC) segment. The Senior Director of Finance reports indirectly to the Segment AMC, CFO. The Motion Control Systems division is comprised of 1400+ global associates across 6 global manufacturing and design sites, producing ~$350M in revenue. The location for this role will be in Radford, Virginia, Chicago, IL or Milwaukee, WI.
This Senior Director of Finance provides leadership and direction to the division global finance team as well as serves as a key business partner to the VP/GM as a member of the Division Leadership Staff. This position will oversee the analysis of financial results, including interim and final financial statements with supporting schedules for the guidance of management; strategic planning; financial planning; forecasting; financial close; SOX compliance; talent funnel management; and enhancing internal controls and procedures. This will include other various projects such as “due diligence” of new acquisitions, the integration of acquisitions as well as analysis of current operating procedures in the division to ensure adoption of “best business practices” in conjunction with the Regal Rexnord Business System (RBS). Will make recommendations to improve operating results and implement the proper tracking and reporting processes. Through sound fiscal management, the Senior Director of Finance will be a key contributor to overall continuous improvement.
Major Responsibilities:
- Act as a key business partner to the VP/GM, informing leadership of financial implications of business decisions.
- Provides leadership to divisional finance team; coaching, investing in talent development and increasing engagement across the global function.
- Perform all FP&A reporting to executive management on a monthly, quarterly, and annual basis.
- Oversee the 3-Year Strategic Planning process, including coordination with Commercial, Engineering, and Operations functions to coordinate the presentation to the ELT and long-term financials creation.
- Ownership of the annual budget process, working with site controllers and division leadership to set direction and establish financial targets.
- Direct monthly forecasting process with all division operating plants as well as consolidation and corporate reporting; Lead monthly close process and monthly financial operating reviews.
- Drive continuous improvement and reduce cycle time in various reoccurring financial processes through the increased utilization of technology and tools, implementation of standard operating procedures and other efficiency measures, while embracing Regal Rexnord’s 80/20 principles.
- Ensures application and compliance with Regal Rexnord accounting policies and procedures, US GAAP, IFRS accounting and compliance rules and laws.
- Manage and drive completion of all internal and external audits (eliminate surprises). Reports on root causes, remediation plans, and updated statuses. Drives all findings and/or process improvement opportunities to timely closures.
- Partner with other functions and serve as lead financial support for division projects including 80/20 execution, pricing strategy, and footprint optimization.
- Provide real-time coaching and development opportunities to finance team members.
Required Education / Experience / Skills:
- Bachelor’s degree in accounting or finance.
- An advanced degree and/or a CPA is strongly preferred.
- Minimum of 10 years of relevant and progressive accounting/finance experience including global financial leadership, public accounting and/or manufacturing experience with consolidations, audits, financial reporting, and public company finances.
- Previous experience in a manufacturing environment with multi-site responsibility preferred.
- Excellent communication skills, ability to quickly establish a personal brand within the organization to drive cross functional collaboration and influence resources outside one’s direct responsibility.
- Ability to focus on the overall objective for a given process or accounting area, while at the same time able to dive into transactional detail if needed to resolve questions or issues.
- Insightful ability to identify trends and themes for continuous improvement across the function.
- Ability to overcome obstacles and achieve objectives, changing direction along the way to achieve business objectives.
- Commitment to coaching and mentoring staff to enhance the proficiency, competencies and long-term development of the team.
- Motivated by and thrives in a fast-paced environment with frequent ad hoc requests and changing priorities.
- Proven ability to be hands on, roll up sleeves and demonstrate resourcefulness, initiative, results-orientation and has a mindset of continuous improvement and can embrace Regal Rexnord’s 80/20 principles.
- Strong working knowledge of ERP systems; Experience with Oracle ERP system, SAP, Hyperion, and OneStream are a plus.
- Must have strong experience with Microsoft Excel, PowerPoint and Word.
Relationships:
- This position will work closely and collaboratively with Corporate, AMC Segment, and other Divisional finance organizations, as well as:
- Direct & Indirect Reports
- FP&A Manager and Analysts Plant Controllers
Interpersonal/Leadership Skills:
- Business & Financial Acumen
- Visionary Leadership
- Intellectually curious and embraces continuous improvement, challenging the status quo
- Introduces and proactively seeks out new ideas and solutions to strengthen performance
- Holds self and others accountable to build and instill a continuous improvement culture
- Ensures best practices and lessons learned are adopted
- Strong cross-functional facilitation
Travel:
Ability to travel up to 25% to support team.
Language:
English Required.
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.
