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Finance Senior Manager
1 year ago
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The Finance Senior Manager will strategically lead both a Shared Service Function and business P&L. This role is pivotal in establishing new processes across Budgets (OpEx & CapEx), Forecasting, Profit/Loss, Inventory, and Cost Allocations. The ideal candidate will be a blend of Controller, Accountant, and Finance subject matter expert, with a tremendous opportunity to make a global impact. This position, reporting to the Sr Dir-FP&A, will be the business partner to the Digital Solutions team, driving Digital Transformation, innovating new revenue models, and enhancing the capabilities and profitability of our core businesses.
- Lead and manage the Shared Service Function for IT and Digital Solutions, managing ~$30M operating spend and ~$20M capex budget.
- Run the P&L for an emerging business; influence and optimize reporting and business operating processes.
- Develop and implement new processes for Budgets, Forecasting, Profit/Loss, Inventory, and Cost Allocations. Lead all aspects of the budget and forecasting processes for the function.
- Oversee financial reporting, ensuring accuracy and compliance with regulatory standards.
- Provide financial reporting and insights by synthesizing monthly forecasts and actuals, to present budget strategy decision points to senior leaders.
- Collaborate with cross-functional teams to drive financial performance and strategic initiatives.
- Collaborate with a Finance team, fostering a culture of continuous improvement.
- Support the global Digital Solutions team in driving Digital Transformation initiatives.
- Innovate and implement new revenue models to enhance profitability.
- Ensure effective internal controls and compliance with corporate policies.
- Monitor and analyze financial performance, identifying areas for improvement.
- Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA preferred.
- Minimum of 8-10 years of experience in finance, accounting, or related roles.
- Proven experience in managing Shared Service Functions and business P&L.
- Strong knowledge of financial processes, including Budgets, Forecasting, Profit/Loss, Inventory, and Allocations.
- Experience with SAP ERP system, Hyperion and/or OneStream is strongly preferred. Must have strong experience with Microsoft Excel, PowerPoint and Word.
- Proven ability to be hands on, roll up sleeves and demonstrate initiative; results-oriented. Has a mindset of continuous improvement and can embrace Regal Rexnord’s 80/20 principles.
- Excellent leadership and team management skills.
- Strong analytical and problem-solving abilities.
- Experience with Digital Transformation initiatives is a plus.
- Excellent communication and interpersonal skills.
- Ability to work in a fast-paced, dynamic environment with frequent ad hoc requests and changing priorities.
- High level of integrity and professionalism.