Cost Accountant

Regal Rexnord Corp; Erie (Erie County); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Medical, Dental, Vision and Rx

Spending accounts (HSA/FSA)

Paid Time Off and Holidays

401k with employer matching

Life and AD&D Insurance

Tuition Assistance

Job summary

Regal Rexnord is seeking a Cost Accountant to develop and maintain standard costs, analyze manufacturing costs, and provide actionable insights to improve efficiency and profitability. Reporting directly to the Plant Controller, the role is a critical partner to plant operations and the finance team for financial and management reporting.

The position requires strong analytical skills, collaboration across departments, and proficiency with Excel and SAP in a manufacturing environment.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 2+ years of experience in accounting or finance; manufacturing experience a plus.
• Strong understanding of accounting principles and GAAP.
• Proficiency in Excel (pivot tables, formulas) and ERP systems such as SAP.
• Excellent analytical, organizational, and written/verbal communication skills.

Responsibilities

• Develop and maintain standard costs for annual revaluation and daily setup of new materials.
• Align direct material pricing, labor hours, setup times, and inputs for accurate inventory valuation.
• Compile labor and manufacturing spend reports and present findings to leads.
• Analyze production cost variances and support corrective actions.
• Prepare and post all accounting journal entries for monthly close.
• Support inventory cycle counts and site balance sheet reconciliation.
• Ensure compliance with GAAP and company policies.
• Identify and implement process improvements for accurate, reliable information.

Skills

Excel proficiency

Analytical skills

Communication skills

Education

Bachelor's degree in Accounting or Finance

Tools

SAP

Job description

Work Model: This is a fully onsite role, with work performed at your designated Regal Rexnord office.

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Job Summary

The Cost Accountant will be responsible for developing and maintaining standard costing, analyzing manufacturing costs, and providing actionable insights to improve efficiency and profitability. Reporting directly to the Plant Controller, the role is a critical partner to the plant operations team and the division Finance team in financial and management reporting. This role requires strong analytical skills and the ability to work collaboratively across departments.

Key Responsibilities

• Develop and maintain standard costs for annual revaluation as well as daily regular setup of new materials with a focus on analytical cost savings opportunities
• Ensure alignment with planning, sourcing, and production teams on direct material pricing, freight, direct labor hours, machine hours, setup times, and other inputs relevant to the accurate valuation of inventory
• Compile labor and manufacturing spend reports daily, weekly, or monthly for team use and facilitate regular meetings with department leads to identify risks and opportunities in achieving monthly targets
• Analyze production cost variances to understand drivers of favorability or unfavorability. Work with other teams to correct any transactional errors and support follow-up actions addressing improvements.
• Prepare and post all accounting journal entries as part of the monthly closing cycle
• Support inventory cycle counts and site balance sheet reconciliation preparation
• Ensure compliance with GAAP and company policies
• Identify and implement process improvements that promote efficient, accurate, reliable, and meaningful use of information for all business partners

Qualifications

• Bachelor's degree in Accounting or Finance.
• 2+ years of experience in accounting or finance role, a Manufacturing setting is a plus.
• Strong understanding of accounting principles
• Proficiency in Microsoft Excel with the ability to organize data efficiently and effectively, including comfortable use of pivot tables, reference formulas, and basic troubleshooting.
• Prior use of SAP or other ERP systems is preferred. Basic computer literacy and proficiency navigating/learning new software systems is required.
• Excellent analytical, organizational, and written and verbal communication skills.

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.

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 Aff

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.