Senior Accountant - 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:

Maintain key business metrics in accordance with ITT requirements.  Develop sustainable processes and procedures that ensure accuracy and integrity of management reporting and analysis.  Contribute to the credibility of the Finance Dept through timeliness, accuracy, reliability, team spirit, and value-added internal customer service.  Respond quickly and accurately to ad-hoc management requests.  Utilize financial knowledge to contribute to operational and financial goals of the Company as a whole.  Support a culture of compliance and ethics.  This position will require hands on support in all aspects of accounting department including general ledger, fixed assets, payroll, A/R, A/P, inventory, costing, general accounting and month end closing processes.

Essential Responsibilities:

• Support month end closing process in a compressed 2 day closing including posting journal entries and account reconciliation completion in compliance with company policy.
• Support the compilation of the Month end reporting package of actuals vs forecast and be able to explain variances.
• Track departmental spending and address cost control measure to align with Budget. Create partnership with functional department to monitor spending.  Review account and cost center designation of purchase requisition and release based on compliance with DOA approval.
• Responsible with working capital initiative including AR past due collection, working with Customer directly to resolve dispute, assist & coordinate collection effort with our AR shared service department, monitoring of cash receipt position and reporting on weekly AR Collection on a weekly basis.
• Support as needed on ADP payroll interface and ensure accuracy in the payroll data including verification of hours worked in our Dimension timekeeping system, posting of fringe benefit reserve, vacation, accrual, bonus accrual, etc.
• Perform General accounting duties including review and validation of intercompany allocation, charges , expenses, account reconciliation and substantiation.
• Coordinate with Functional department to align headcount reporting including projection on open position, termination, active and temporary headcount.
• Responsible for validation/reconciliation of Fixed Assets including review of Gross Book Value vs Net Book Value, Construction in Progress and Depreciation. Ensure that asset are designated with proper Fixed Asset number, cost center designation and Fixed Asset classification.  Lead the annual Fixed Asset physical inventory as per our control matrix.
• Assist with Standard costing and clearing of zsalq items.
• Assist with SAP User access review for SOX compliance.
• Perform user acceptance testing for system changes for migration to production environment

• Collaborate closely with finance and accounting staff to support financial reporting and audit requirements.
• Support as need  the Load  of forecast into our One Stream  Financial Software for actuals / budget/forecast and perform data validation and present preliminary reports for review
• Willingness to understand business processes in different functional areas and work as a business partner to facilitate reporting of key financial data on a regular basis
• Streamline processes that impacts finance productivity & efficiency & cost controls.
• Ability to represent finance effectively and to communicate accurately and with precision while working on inter-departmental projects.
• Assist in Sarbanes-Oxley audits both internal and external as required.
• Escalate issues of critical impact to Company goals, ethics, and compliance to Finance management team
• Perform data extraction and organization to provide meaningful analysis as requested by management
• Create, maintain databases to improve efficiency of data collection and reporting

• Contribute to the development and maintenance of necessary models, tools, processes and procedures to achieve efficient and effective analysis
• Perform ad hoc reporting & requirements as needed.

Position Requirements:

• Bachelor’s Degree in Accounting, Finance or related field
• 2+ year SAP experience or similar ERP system
• Manufacturing background is preferred
• Minimum of 3 years’ experience in accounting at a mid to senior level
• Ability to manage work load, multi task, work under pressure, streamline processes and work under minimal supervision
• Must have in-depth professional knowledge of accounting concepts, manufacturing systems, cost accounting , and financial planning
• Problem solving, critical thinking, resourcefulness and creativity skills are essential
• Full understanding of multiple system interface and flow of transactions.
• Ability to interact and communicate with various levels of the organizations.
• Strong work ethic, high standards for work product, dedication, honesty and integrity
• Must be a self-motivated, initiative to learn and willing to work in a fast paced environment
• Excellent PC skills including advanced Excel and other MS Office applications and working knowledge of ERP systems
• Excellent oral, written communications

Safety is a core value at ITT. Our employees understand and follow all ITT safety policies and procedures, participate in workplace inspections, safety training, and in the development of job safety analyses.

 

This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR).  All applicants must be U.S. persons within the meaning of ITAR.  ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.

 “ITT Corporation is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other characteristic protected by law.”

 

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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 is $90,100.00 to $134,700.00, plus benefits and incentive plans.