Senior Accountant - ITT, Inc.

Position Summary:

 

About the Company:

ITT is currently headquartered in Stamford, CT., with employees in more than 35 countries and sales in approximately 125 countries. The company generated 2022 revenues of $2.9 billion.

 

ITT operates through three Value Centers (business units):

Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets;

 

Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, mining and other industrial process markets, and is a provider of plant optimization and efficiency solutions and aftermarket services and parts;

 

Connect and Control Technologies manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and oil and gas markets

 

ITT offers an extremely competitive benefits program. Our employees are provided medical and dental coverage, 401K savings plan, life insurance protection, sickness and accident income protection, a generous vacation and holiday program, a tuition reimbursement program, and a program that allows you to use tax-free dollars to pay for many health care and dependent care expenses.

 

Job Summary/Overview:

ITT seeks a highly motivated individual, seeking broad exposure in a fast-paced environment that encourages high performance. The ideal candidate must be a self-starter with a strong work ethic and ability to work independently as well as in a team setting. The position will have exposure to general accounting and other departments within shared services as well as ITT Headquarters and global business units.

 

The Senior Accountant has primary responsibility for supporting the shared services accounting team in daily/monthly general ledger activity and quarterly financial reporting requirements.  S/he 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. S/he will support the accounting team with month-end closings, Balance Sheet and P&L analysis, and special projects.  In addition, s/he is 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:

• Perform a wide array of accounting and reporting tasks including but not limited to general ledger entries, account reconciliations, and variance analysis to ensure the accuracy and integrity of multiple ledgers maintained by shared services.
• Research reconciling items and recommend actions for resolution.
• Support global pension and other postretirement benefits accounting activities
• Collaborate in gathering support and prepare certain quarterly and annual footnote disclosures for Forms 10Q/10K.
• Lead the PPD Insurance charge outs process in collaboration with Treasury/Tax Departments.
• Liaison the preparation and completion of certain 5500s forms and filing process.
• Recommend and implement ongoing improvements/enhancements to applications and processes.
• Ensure compliance with Sarbanes Oxley Act and resolve audit issues/requests from both external and internal auditors.

Position Requirements:

Qualifications/Attributes:

• Bachelor’s degree in accounting. MBA or CPA preferred but not required
• Minimum of 5 years of practical accounting experience. Public accounting and or Shared services environment preferred but not required.
• Working knowledge of U.S. GAAP
• Strong Microsoft Office skills including Excel, Word, and Outlook. Experience with complex ERP systems such as SAP and consolidating software such as Onestream/Hyperion is preferred but not required.
• Excellent research, analytical and problem-solving skills
• 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
• Experience in and commitment to protecting sensitive and confidential information

 

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.

 

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 $78,100 to $116,900 plus benefits and incentive plans.