Accountant II - ITT Inc.

About ITT::

ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company’s differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

 The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments: 

• Motion Technologies ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets
• Industrial Process ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets
• Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets.

 ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

Position Summary:

Job Summary/Overview:

As part of The Shared Services Team, located in Seneca Falls, NY and under general supervision, the accountant has primary responsibility for daily/monthly and quarterly financial reporting requirements related to fixed assets and general accounting close activities.  They will assist with the timely and accurate reporting of financial results and provide management with the level of support and information required for the successful day-to-day operation of the business. They will support the accounting team with month-end closings, balance sheet and P&L analysis, and special projects.  In addition, they are also responsible for identifying and suggesting appropriate improvements, efficiencies, and follow-up actions that become evident based on the analytical work performed.

 

Essential Responsibilities:

Essential Functions of the Role:

• Responsible for general ledger entries, account reconciliations, and variance analysis to ensure the accuracy and integrity of multiple ledgers and subledgers maintained by shared services.
• Perform a wide array of accounting and reporting tasks including but not limited to recording fixed assets acquisitions, transfers, depreciation, and disposition of fixed assets. Track project costs into fixed asset accounts and close related projects once completed.
• Monitor capital projects in process and prepare CIP reconciliations for various entities.
• Lead the PPD Insurance charge outs process in collaboration with Treasury/Tax Departments
• Maintain existing and update as needed Standard Operating Procedures.
• Collaborates in physical counts and tagging of fixed assets.
• Administrator over Radio Frequency Identification (RFID) equipment and software management.
• Research reconciling items and recommend actions for resolution.
• Respond to inquiries from entities/departments.
• Conduct analysis as needed and or as requested by management, recommend and communicate on results and or resolution.
• Ensure compliance with Sarbanes Oxley Act and resolve audit issues/requests from both external and internal auditors.
• Participate in special accounting and other projects as assigned.

Position Requirements:

Qualifications/Attributes:

• Bachelor’s degree in accounting.
• Minimum of 3-5 years of accounting experience required with emphasis in fixed assets accounting required. Public accounting and or shared services experience preferred but not required.
• Working knowledge of U.S. GAAP accounting principles.
• Strong Microsoft Office skills including Excel, Word, and Outlook. Experience with complex ERP systems such as SAP and consolidation software such as Onestream/Hyperion is preferred but not required.
• Excellent research, analytical, and problem-solving skills. Must be detail oriented.
• Ability to partner, work effectively, and communicate with other team members, departments, and upper management.
• Proficient in a fast paced, global shared services environment.
• Ability to work independently to meet deadlines and complete time sensitive projects.

 

 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed above are representative of the knowledge, skill, and ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Equal Pay Act Statement:We aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.Equal Pay Act Range:Annual Salary Range $61,100 to $91,300 Plus Benefits and Incentive Plans.