Accounting & Finance Summer Internship

Regal Rexnord Corp; Downers Grove (IL); Hybrid; USD 29,000 - 37,000; Part time

Benefits offered by this job

Hybrid work model

Mentorship

Real-world project experience

Exposure to senior leadership

Job summary

Regal Rexnord Corp is offering a Finance & Accounting internship program for the summer period from June 2, 2027 to August 13, 2027 (~11 weeks). Interns will be placed in one of our Finance teams and receive training, mentorship, and real-world accounting exposure.

The program may lead to a 2-year rotational full-time opportunity with exposure to senior leaders. Interns will perform monthly journal entries, balance sheet reconciliations, forecasts, analytics, audits, and other finance duties

Qualifications

• Pursue Bachelor's degree in Accounting or Finance.
• Completed at least 2 accounting or finance classes prior to start date.
• GPA of at least 3.0; strong communication and teamwork; proficient with MS Office.

Responsibilities

• Prepare monthly journal entries and review general ledger.
• Perform monthly balance sheet reconciliations and variance analyses.
• Assist with monthly forecasts and related leadership deliverables.
• Analyze KPIs and present findings to senior leadership.
• Support internal audits and remediation of findings.
• Assist in preparing financial statements and tax deliverables.
• Learn to navigate OneStream, Blackline, Audit Board, and ERP systems.
• Support data requests from FP&A, treasury, and auditors.

Skills

Strong communication

Team project experience

MS Office (Excel/Word/PowerPoint)

Education

Bachelor's in Accounting/Finance

Tools

OneStream

Blackline

Audit Board

G-Treasury

ERP systems

Job description

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.

Program Duration

June 2, 2027 - August 13, 2027 (~11 weeks)

Potential Locations

• Milwaukee, WI (HQ)
• Rosemont, IL
• Downers Grove, IL
• Fort Wayne, IN
• West Chester, PA
• Radford, VA

Position Overview

At Regal Rexnord, we are committed to investing in our associates as we understand that a company is successful when its associates are successful. The goal of our Finance & Accounting internship program is to provide candidates with a diverse, real-world experience in various accounting and finance roles and to develop future leaders in our organization.

Interns will be assigned a role in one of the Finance teams in our organization, which may include Corporate Accounting & Consolidations, Segment Accounting, Business Unit Accounting (working in one of our manufacturing plants), Controls & Compliance, Financial Systems, Accounting Policy & External Financial Reporting, FP&A, Internal Audit, Tax, & Treasury. Interns will directly report to the leader of one those teams and have visibility and exposure to key Finance Leadership, including the Senior VP and Chief Accounting Officer, VP of Internal Audit Segment CFOs, VP of Tax, VP of Corporate FP&A, Segment Controllers, Treasury Senior Director, among others. Interns will be provided technical, soft-skill and on-the-job training.

Candidates that advance in our internship program may be offered full-time roles in a 2-year rotational program that will provide them the full spectrum of accounting experience in a $6 billion publicly-traded diversified global manufacturing company. At the end of the 2-year rotational program, candidates will be placed in permanent role in one of the rotational program teams.

What You\'ll Do and Learn

All interns will participate in a group and individual intern project and present learnings and achievements to Sr. Finance Leadership at the conclusion of those projects. In addition, interns will be assigned day-to-day responsibilities, which will be role-dependent, but may include:

• Preparing monthly journal entries, reviewing general ledger for accuracy and proper recording of transactions
• Performing required monthly balance sheet reconciliations, researching and resolving variances
• Assisting with preparation of monthly forecasts and related deliverables utilized by Sr. Leadership
• Performing trend and other analysis for key performance metrics, such as orders sales, gross profit margin, EBITDA and working capital metrics, and presenting findings and insights to Sr. Leadership
• Participating in balance sheet reviews and/or internal audits for entities across the organization
• Assisting entities with remediating audit findings/deficiencies
• Assisting with the preparation of the financial statements, footnotes and schedules included in the Company’s Form 10-Q and earnings release
• Preparing monthly and quarterly balance sheet and income statement analytics
• Assisting in the preparation of tax returns and other income and non-income tax related deliverables
• Performing cash position and other treasury-related analysis
• Learning how to navigate and leverage the Company’s various financial systems, including OneStream, Blackline, Audit Board, G-Treasury and various ERP systems
• Assisting with data requests from various stakeholders, including FP&A, treasury, internal and external audit
• Providing data as requested to internal and external auditors for the segment
• Participating in projects to streamline and improve current financial processes using 80/20 and other continuous improvement principles
• Assist with special projects, as needed

Required Skills & Qualifications

• Intent to pursue Bachelor's degree in Accounting or Finance
• Completion of at least 2 accounting or finance classesprior to start date
• GPA of at least 3.0
• Strong written and verbal communication skills
• Experience working on team projects
• Strong working knowledge of Microsoft Office applications, including Excel, Word and PowerPoint

Bonus Skills & Qualifications

• Intent to pursue CPA preferred
• Prior work experience in college or high school
• Curious mindset that proactively seeks understanding and feedback

Why Join Regal Rexnord?

• Gain real-world experience supporting communications for a global industrial technology company.
• Work on meaningful projects that have visibility across the organization.
• Receive mentorship and guidance from experienced professionals.
• Develop highly transferable skills that will strengthen your future career opportunities.
• Collaborate with talented teams committed to innovation, growth, and continuous improvement.
• Enjoy a flexible hybrid work environment that balances in-office collaboration with remote work.

Travel

• Limited travel (under 10%)

Compensation Details

• $21.50 - $27 per hour
• The hourly rate provided is intended to display the value of the company's base rate compensation forall statewide locations across the United States. Hourly rate 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.

Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.

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 Affinepositive 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 [e-mail] 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 [e-mail].

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.