Accounting Manager - Watts Water Technologies Inc

We’re Watts. Together, we’re reimagining the future of water.

We feel proud every day about what we do. We're all part of the same crucial mission, no matter what function we support -- it's to provide safe, clean water for the world, and to protect our planet's most valuable resource.

What we do:

For 150 years, Watts has built best-in-class products that are trusted by customers in residential and commercial settings across the world. We are at the forefront of innovation, working with cutting-edge technology to provide smart and connected, sustainable water solutions for the future. Watts is a leading brand with a quality reputation — and we have a dynamic future ahead.​

Reporting to the division Controller, the accounting manager manages the general accounting function of the TX production facility and the CO sales office. The Accounting Manager is responsible for managing the financial close process and related activities, ensuring accuracy and completeness of the related financial statements, as well as presenting and providing analysis of these financial statements. Responsibilities include general ledger preparation, management reporting, and analysis, activities related to SOX and financial audits, payroll administration, fixed assets, managing working capital, and support for FP&A activities. The position will involve regular contact with other members of the accounting team, business leaders in the Operations and Commercial teams, and corporate headquarters.

PRINCIPAL RESPONSIBILITIES AND DUTIES: 

Manages financial reporting.

• Maintains the financial reporting and general ledger structure and mapping.

• Verifies intercompany balances and clearing accounts.

• Tracks T&E, P-Card, Fixed Assets and Leases for the company

• Prepares or reviews journal entries, account reconciliations (e.g., bank rec), and roll forwards.

• Submits financial consolidation to corporate and assists in preparation of monthly reporting package.

• Quarterly perform balance sheet analytics, key reserves, and revenue recognition

• Annually prepare the tax package and 10K for review (intangibles, properties, inventory, disclosures)

Manages the payroll, billing, accounts receivable and accounts payable functions.

• Oversees entry of invoices into ERP accounts payable system and bank payment (ACH, check, wire)

• Oversees all billing, credit and collections procedures.

• Oversees payroll in coordination with HR and payroll service provider, monitors time collection system.

• Reviews withholding tax filings completed by outside payroll service.

Budgeting/Forecasting

• Updates Hyperion with monthly results and reconciles to ERP system.

• Helps investigate monthly variances against forecast (e.g., PPV, invoice timing, vendor detail)

• Tracks approval and spend / status of capital assets (PPE)

• Monitor key reserves quarterly (warranty, first-year service policy, excess and obsolete, bad debt)

• Works with Stakeholders to develop allocation methodology and roll / update standard costs.

Supervisory

• Provide leadership and development for direct reports.

• Advises staff regarding the handling of non-routine reporting transactions and exceptions.

• Identify and implement new procedures and features to improve the department's workflow.

• Set goals for staff and track progress, including business metrics to highlight performance trends.

Other

• Assures compliance and support for Internal Controls over financial reporting, GAAP, and Watts policies.

• Liaises with internal and external auditors (e.g., SOX, state sales and use tax audits, DOD)

• Partners with Operations and external warehouses to ensure cycle count, PPV, and inventory accuracy.

• Assists the Corporate legal, Trade Compliance, Tax and other department with requests for supporting documentation as needed.

• Identify and implement opportunities for operational efficiency and continuous improvement projects.

EDUCATION:

• BS/BA in Business, Finance or Accounting; MBA, CPA, or CMA a plus

MANAGEMENT:

• Responsible for the leadership and development of 4-6 direct reports

EXPERIENCE:

• 5+ years in finance or accounting for a manufacturing company, with 2+ years of supervisory experience

• Experience with Section 404 Sarbanes-Oxley and 10Q, 10K reporting support.

• Experience with Epicor, Glovia, or other ERP systems; HFM or other financial consolidation systems a plus

• Must have strong experience with Microsoft Excel; SmartView is a plus.

• High Level of analytic and quantitative skills; Prior FP&A experience a plus

• Excellent oral, written, presentation, and interpersonal skills are essential.

• Six Sigma certification a plus

PHYSICAL REQUIREMENTS: 

While performing the duties of this job, the employee is frequently required to walk, talk, and/or hear. The employee is occasionally required to stand, sit, and use hands to finger, handle, or feel. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception and ability to adjust focus.

WORK ENVIRONMENT:

• Work in office environment

• May occasionally be required to perform job duties outside the typical office setting.

• Travel Required: 10% - a few trips annually to headquarters, MA, or to visit other division locations. NY, CO, FL

*As required by the Americans Disabilities Act (ADA)

Watts is committed to equal employment opportunity. We follow a policy of administering all employment decisions and personnel actions without regard to race, color, religion, creed, sex, pregnancy, national origin, sexual orientation, age, physical or mental disability, genetic disposition or carrier status, marital status, military or veteran status, minorities, or any other category protected under applicable federal, state, or local law. Consistent with state and federal law obligations, Watts will make reasonable accommodations for qualified individuals with disabilities. Any employee who needs a reasonable accommodation should contact Human Resources.

Watts in it for you:

• Competitive compensation based on your skills, qualifications and experience
• Comprehensive medical and dental coverage, retirement benefits
• Family building benefits, including paid maternity/paternity leave
• 10 paid holidays and Paid Time Off
• Continued professional development opportunities and educational reimbursement
• Additional perks such as fitness reimbursements and employee discount programs
• Learn more about our benefit offerings here: https://tapintowattsbenefits.com/

How we work:

At Watts, our culture is team-oriented and supportive. Employees here genuinely care about the quality of their work, and about each other. Our people are the heart of who we are and contribute to our longevity and continued success.

And this is a place where you can have a big career. No matter your role, there are opportunities for learning and development, and your daily contributions make a meaningful impact on the lives of people who use our products and on the future of water.

Watts is committed to equal employment opportunity. We follow a policy of administering all employment decisions and personnel actions without regard to race, color, religion, creed, sex, pregnancy, national origin, sexual orientation, age, physical or mental disability, genetic disposition or carrier status, marital status, military or veteran status, minorities, or any other category protected under applicable federal, state, or local law. Consistent with the obligations of state and federal law, Watts will make reasonable accommodations for qualified individuals with disabilities. Any employee who needs a reasonable accommodation should contact Human Resources.