FP&A Manager

Position: FP&A Manager        

Reports Directly: Sr. Finance Director, Aerospace Solutions Division

Location: Downers Grove, IL

Job Description

The FP&A Manager will partner closely with the Sr. Director, FP&A, Segment CFO, and Segment Leadership. In this crucial role, the FP&A Manager will play a pivotal part in Segment level financial reporting and performance management. This role also requires effective planning cycle leadership, guidance and coordination. Additionally, the role will implement processes across Commercial Operations and Supply Chain, harmonize reporting content and key metric definitions. This role requires strong collaboration across the business as analyses, insights and recommendations are presented, including strong capability to influence others. We are looking for someone who can: build strong relationships within the organization; engage at all levels in the organization; take advantage of data & analytics to provide business insight and decision support, drive improvements, efficiencies, and harmonization in planning, reporting and finance operations. The role requires a “hands on” person who is detail oriented and results driven.

KEY RESPONSIBILITIES

• Lead Division-wide/multi-site FP&A initiatives with a strategic mindset, requiring a seasoned finance professional beyond an analyst level to coach teams and drive performance.
• Champion Price Realization and Margin Management efforts, spearheading a cultural and organizational transformation across all functions to enhance profitability.
  • Partner with the cross-functional business leadership to implement robust Commercial Operations reporting, analytics performance by channel, customer insights and financial reporting practices to drive accountability and execution.
  • Partner with the business leadership to enhance visibility of the current Supply Chain and Materials Management processes and financial reporting practices to drive accountability and execution. Identify and correct data irregularities while proposing and implementing reporting enhancements.
• In partnership with the Divisional finance teams, lead review of Daily KPI’s and comprehensive analyses of P&L expense management. Harmonize and support policy development for price / cost reporting, orders, backlog, and other key statistical metrics and KPI’s. Identify areas for improvement and develop action plans to enhance metrics.
• Perform analysis and research including market and competitor assessment for the preparation of long-range planning, operating reviews, annual operating plans, quarterly Earnings content and Board of Directors content for Segment.
• Consolidate forecasts and analyze trends in manufacturing, sales, finance, general business conditions, profitability and other related areas.
• Conceptualize, design and iteratively build data-driven analytical models.
• Provide strategic FP&A guidance and support across the finance organization and operating teams.
• Conduct analyses relating to monthly financial analysis, reforecasting, variance analysis, and graphical summaries of financial performance.
• Support M&A related financial requirements by creating comprehensive ROI models.
• Provide key analyses and recommendations on strategic and other executive projects.
• Provide ad-hoc reports for decision making and business assessments at a glance.
• Routinely and proactively conduct detailed financial analysis (minimize surprises). Report on root causes, remediation plans, and updated status.
• Drive consistency and continuous improvements in processes, and financial tools across the business

PROFESSIONAL EXPERIENCE/ QUALIFICATIONS

• Bachelor's degree in Accounting or Finance.
• Advanced degree and/or a CPA is strongly preferred.
• Minimum of 7 years of relevant and progressive accounting/finance experience including 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.
• Ability to identify process or reporting irregularities and collaboratively work to influence and make changes to enhance data availability and/or accuracy.
• Previous experience supporting Commercial Operations and Supply Chain, material management finance aspects preferred.
• Previous experience analyzing and improving trade working capital metrics to increase cash flow is a plus.
• 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.
• 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. 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 is a plus.
• Must have strong experience with Microsoft Excel, PowerPoint and Word.

Expected Salary Range: $120,000-150,000K/year, plus a bonus with a target of 10%

• The salary range provided is intended to display the value of the company's base pay compensation for all statewide locations across the United States. Salary is dependent on a multitude of factors, including but not limited to the physical worksite location, candidate's skill set, level of experience, education and internal peer compensation comparisons.

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

• 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

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.

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.