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.
Position OverviewThe Senior Cost Accountant is responsible for leading and supporting plant-level cost accounting activities, including inventory valuation, cost analysis, overhead rate development, and audit support. This role provides oversight and guidance to a Junior Cost Accountant and serves as a key financial partner to Operations, Engineering, FP&A, and other cross-functional teams.
This position may be filled at a level commensurate with the candidate's experience, skills, and qualifications.
Key ResponsibilitiesSenior Cost Accounting Responsibilities- Review monthly journal entries and balance sheet account reconciliations related to inventory and cost accounts
- Perform excess and obsolete (E&O) inventory reporting and reserve analysis
- Lead physical inventory planning, execution, reconciliation, and follow-up reporting for internal and external audits
- Develop and maintain standard labor, material, fixed, and variable overhead rates
- Develop and maintain DOD, standard labor, and overhead rates
- Drive margin improvement and costing initiatives in partnership with Operations and Engineering
- Perform inventory capitalization analysis
- Support internal and external audit requests and reviews
- Provide guidance, oversight, and technical support to the Junior Cost Accountant
Cost Accounting & Inventory Responsibilities- Analyze bills of materials and routings to prepare new items for cost rollups
- Perform cost rollups and activate new items in the ERP system
- Prepare weekly and monthly inventory reporting by plant and product line
- Manage work orders, including weekly and monthly variance analysis
- Analyze and reconcile miscellaneous inventory, scrap, and pending inventory transactions
- Prepare monthly journal entries and inventory account reconciliations
- Plan and lead physical inventories and support the annual standard cost update
- Analyze make-versus-buy decisions and support operational cost optimization initiatives
- Utilize OneStream and ERP systems to retrieve, analyze, and report financial data
- Recommend and implement process improvements to enhance accuracy, controls, and reporting timeliness
- Support or lead special projects and cross-functional initiatives as required
Required Skills & Qualifications- Strong knowledge of cost accounting principles, inventory valuation, and manufacturing accounting
- Experience developing labor, material, and overhead cost rates
- Ability to analyze and explain cost variances and inventory valuation impacts
- Strong analytical, organizational, and problem-solving skills
- Ability to work effectively with cross-functional manufacturing and finance teams
- Experience supporting internal and external audits
- Bachelor's degree in Accounting or Finance
Years of experience and level of responsibility will vary depending on the candidate's background, skill set, and demonstrated capabilities.
Preferred Skills & Qualifications- 3-5 years of progressive accounting or cost accounting experience in a manufacturing environment
- CPA, CMA, or other relevant professional certification
- Experience with ERP systems (e.g., Oracle) and financial reporting tools (e.g., OneStream)
- Experience leading or mentoring junior accounting staff
Restrictions imposed by federal export control laws may limit this job opportunity to candidates who are a 'U.S. Person', which includes U.S. citizens, U.S. nationals, U.S. permanent residents, individuals granted asylum in the United States, and refugees in the United States, or who otherwise can qualify for a license that permits them to hold the position.SponsorshipCandidates 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
