Accounting & Finance Summer Internship

Work Model: 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 1. Milwaukee, WI (HQ) 2. Rosemont, IL 3. Downers Grove, IL 4. Fort Wayne, IN 5. West Chester, PA 6. 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: 1. Preparing monthly journal entries, reviewing general ledger for accuracy and proper recording of transactions 2. Performing required monthly balance sheet reconciliations, researching and resolving variances 3. Assisting with preparation of monthly forecasts and related deliverables utilized by Sr. Leadership 4. 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 5. Participating in balance sheet reviews and/or internal audits for entities across the organization 6. Assisting entities with remediating audit findings/deficiencies 7. Assisting with the preparation of the financial statements, footnotes and schedules included in the Company's Form 10-Q and earnings release 8. Preparing monthly and quarterly balance sheet and income statement analytics 9. Assisting in the preparation of tax returns and other income and non-income tax related deliverables 10. Performing cash position and other treasury-related analysis 11. Learning how to navigate and leverage the Company's various financial systems, including OneStream, Blackline, Audit Board, G-Treasury and various ERP systems 12. Assisting with data requests from various stakeholders, including FP&A, treasury, internal and external audit 13. Providing data as requested to internal and external auditors for the segment 14. Participating in projects to streamline and improve current financial processes using 80/20 and other continuous improvement principles 15. Assist with special projects, as needed Required Skills & Qualifications 1. Intent to pursu Bachelor's degree in Accounting or Finance 2. Completion of at least 2 accounting or finance classesprior to start date 3. GPA of at least 3.0 4. Strong written and verbal communication skills 5. Experience working on team projects 6. Strong working knowledge of Microsoft Office applications, including Excel, Word and PowerPoint Bonus Skills & Qualifications 1. Intent to pursue CPA preferred 2. Prior work experience in college or high school 3. Curious mindset that proactively seeks understanding and feedback Why Join Regal Rexnord? 1. Gain real-world experience supporting communications for a global industrial technology company. 2. Work on meaningful projects that have visibility across the organization. 3. Receive mentorship and guidance from experienced professionals. 4. Develop highly transferable skills that will strengthen your future career opportunities. 5. Collaborate with talented teams committed to innovation, growth, and continuous improvement. 6. Enjoy a flexible hybrid work environment that balances in-office collaboration with remote work. Travel 1. Limited travel (under 10%) Compensation Details 1. $21.50 - $27 per hour 2. 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 &