Manager, Financial Reporting and Accounting

Posted on Sep 17, 2024 by ITT Inc.
Stamford, CT
Admin & Secretarial
Immediate Start
Annual Salary
Full-Time
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:

The Manager, Financial Reporting and Accounting will support in the preparation of our SEC filings, including the 10-Qs and 10-K, and coordination with our legal team with respect to the Proxy Statement and miscellaneous filings. This position will also provide support in various technical accounting areas. This individual will report to the Director, Financial Reporting and work closely with the Corporate Controller and Chief Accounting Officer. This position has one direct report, a Senior Accountant.

Essential Responsibilities:

Prepare the Quarterly and Annual Reports on Form 10-Q/K, including XBRL data submissions, and manage the internal and external review process for these documents;

Oversee the preparation of the 11-K filing issued in connection with the 401k plan; manage related audit including coordination with payroll and human resources

Actively manage and assist in the preparation of other SEC filings, including the Annual Proxy and 8-Ks;

Act as a primary liaison with external auditors regarding external reporting and technical accounting topics;

Act as a key liaison with FP&A and Investor Relations departments and assist in the review of quarterly earnings information;

Create and maintain a Finance calendar to inform parties of necessary deadline adherence for the various financial close processes;

Oversee the internal quarterly and annual supplemental reporting process including the creation of instructions and templates, managing of due dates, and the tracking, review and consolidation of business unit submissions;

Oversee the completion of U.S. government census reporting forms and the collection of financial data for anti-trust filings;

Act as a technical accounting resource for the Company, particularly in the area of SEC disclosures, as well as when other accounting issues arise; e.g. stock compensation, leases, revenue recognition;

Document technical position memos referencing relevant accounting guidance and update accounting policies as needed;

Participate in balance sheet reviews with site management and Corporate Controller and/or Chief Accounting Officer;

Analyze consolidated balance sheet and income statement to ensure accuracy and explain fluctuations between reporting periods;

Assist in monitoring ITT Sarbanes Oxley controls and activities, with an emphasis on Corporate and HQ controls

Prepare and communicate clear and concise ad hoc analysis and presentations;

Prepare and manage Stock compensation accounting including the Company’s share count. Prepare related forecast and budget information as necessary; and

Participate in special projects, as required.

Position Requirements:

Bachelors or higher degree in Accounting;

CPA (preferred), with at least 4 years of experience with a global accounting firm (i.e. Deloitte, PricewaterhouseCoopers, KPMG, Ernst & Young, BDO Seidman, Grant Thornton, RSM), with heavy exposure to SEC and financial reporting;

An excellent knowledge of US GAAP and SEC rules and regulations, including Sarbanes-Oxley, combined with the ability to research and propose company positions on complex accounting issues;

Ability to work in a fast-paced environment and manage well through ambiguity and complexity;

Strong analytical skills, research and decision-making skills, and oral and written communication skills;

Ability to execute and follow-through to completion and documentation;

Ability to consult and work closely with business segments and representatives of other corporate departments including HR, Legal, Tax, FP&A, Investor Relations, Treasury, etc, as necessary;

Advanced understanding of Microsoft Excel; and

Experience with Onestream, SAP, and Workiva applications a plus

The successful candidate must believe in teamwork, recognizing team support over individual goals, readily collaborate with others, acknowledging and valuing their contributions and encourage team members to support each other. S/he must drive to results, be motivated by timely outcomes, display tenacity to get things done, demonstrate and foster a sense of urgency and strong commitment to achieving goals.

The ideal incumbent is a fast learner with high potential and is interested in new experiences and approaches, remains open to new ideas and continuously seeks to increase their knowledge, actively developing their skills to enhance performance and achieve personal and organizational success. 

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.”

#LI-RL1

#Hybrid

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 between $(phone number removed) - $(phone number removed) includes benefits package and bonus structure.

Reference: 200950348

https://jobs.careeraddict.com/post/95378061

Manager, Financial Reporting and Accounting

Posted on Sep 17, 2024 by ITT Inc.

Stamford, CT
Admin & Secretarial
Immediate Start
Annual Salary
Full-Time
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:

The Manager, Financial Reporting and Accounting will support in the preparation of our SEC filings, including the 10-Qs and 10-K, and coordination with our legal team with respect to the Proxy Statement and miscellaneous filings. This position will also provide support in various technical accounting areas. This individual will report to the Director, Financial Reporting and work closely with the Corporate Controller and Chief Accounting Officer. This position has one direct report, a Senior Accountant.

Essential Responsibilities:

Prepare the Quarterly and Annual Reports on Form 10-Q/K, including XBRL data submissions, and manage the internal and external review process for these documents;

Oversee the preparation of the 11-K filing issued in connection with the 401k plan; manage related audit including coordination with payroll and human resources

Actively manage and assist in the preparation of other SEC filings, including the Annual Proxy and 8-Ks;

Act as a primary liaison with external auditors regarding external reporting and technical accounting topics;

Act as a key liaison with FP&A and Investor Relations departments and assist in the review of quarterly earnings information;

Create and maintain a Finance calendar to inform parties of necessary deadline adherence for the various financial close processes;

Oversee the internal quarterly and annual supplemental reporting process including the creation of instructions and templates, managing of due dates, and the tracking, review and consolidation of business unit submissions;

Oversee the completion of U.S. government census reporting forms and the collection of financial data for anti-trust filings;

Act as a technical accounting resource for the Company, particularly in the area of SEC disclosures, as well as when other accounting issues arise; e.g. stock compensation, leases, revenue recognition;

Document technical position memos referencing relevant accounting guidance and update accounting policies as needed;

Participate in balance sheet reviews with site management and Corporate Controller and/or Chief Accounting Officer;

Analyze consolidated balance sheet and income statement to ensure accuracy and explain fluctuations between reporting periods;

Assist in monitoring ITT Sarbanes Oxley controls and activities, with an emphasis on Corporate and HQ controls

Prepare and communicate clear and concise ad hoc analysis and presentations;

Prepare and manage Stock compensation accounting including the Company’s share count. Prepare related forecast and budget information as necessary; and

Participate in special projects, as required.

Position Requirements:

Bachelors or higher degree in Accounting;

CPA (preferred), with at least 4 years of experience with a global accounting firm (i.e. Deloitte, PricewaterhouseCoopers, KPMG, Ernst & Young, BDO Seidman, Grant Thornton, RSM), with heavy exposure to SEC and financial reporting;

An excellent knowledge of US GAAP and SEC rules and regulations, including Sarbanes-Oxley, combined with the ability to research and propose company positions on complex accounting issues;

Ability to work in a fast-paced environment and manage well through ambiguity and complexity;

Strong analytical skills, research and decision-making skills, and oral and written communication skills;

Ability to execute and follow-through to completion and documentation;

Ability to consult and work closely with business segments and representatives of other corporate departments including HR, Legal, Tax, FP&A, Investor Relations, Treasury, etc, as necessary;

Advanced understanding of Microsoft Excel; and

Experience with Onestream, SAP, and Workiva applications a plus

The successful candidate must believe in teamwork, recognizing team support over individual goals, readily collaborate with others, acknowledging and valuing their contributions and encourage team members to support each other. S/he must drive to results, be motivated by timely outcomes, display tenacity to get things done, demonstrate and foster a sense of urgency and strong commitment to achieving goals.

The ideal incumbent is a fast learner with high potential and is interested in new experiences and approaches, remains open to new ideas and continuously seeks to increase their knowledge, actively developing their skills to enhance performance and achieve personal and organizational success. 

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.”

#LI-RL1

#Hybrid

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 between $(phone number removed) - $(phone number removed) includes benefits package and bonus structure.

Reference: 200950348

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