Chief Financial Officer, Friction Technologies

1 month ago

Caroga Lake, United States ITT Full time

Position Summary:

What is your role?

For our largest Business Unit Friction Technologies, dedicated to brake pads production with a global presence, were looking for a CFO to join our Finance team in Barge (CN). In this role, you will partner with the CFO - Motion Technologies and the Friction Technologies General Manager to provide the strategic leadership for the business in close collaboration with the leadership team. You will lead and develop the finance organization to provide in-depth and actionable analysis for strategic planning, whilst ensuring control on all aspects of financial risk management.

Who are we?

At ITT, we have a clear purpose as an organization to provide our customers with cutting-edge solutions to help solve their most critical needs across key global end markets. Our continuous improvement mindset drives our commitment to evolving our capabilities as a multi-industrial technology, manufacturing and engineering leader. With a strong global footprint of more than 100 facilities, we are well positioned to solve critical challenges for our customers around the world. Our locations include manufacturing facilities and global service capabilities in 35 countries. Through these worldwide operations and building on our heritage of innovation, our approximately 10,000 team members partner with our customers to deliver enduring solutions that make a lasting difference and help the world move forward. ITT is headquartered in Stamford, CT, with sales in approximately 125 countries. For more information, visit www.itt.com.

We produce our wide range of innovative products and solutions through three operating segments (Value Centers):

  • Motion Technologies is headquartered in Barge (Cuneo, Italy) with about 5,000 employees at worldwide level. It 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 is headquartered in Seneca Falls (N.Y.) with approximately 3,200 employees. It manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, 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 is headquartered in Valencia (CA) with about 2,500 employees. It manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.


Essential Responsibilities:

Key accountabilities and responsibilities finance operations:

  • Ensure the integrity, reliability and clarity of financial reporting
  • Manage efficient financial reporting and support understanding of underlying financial performance
  • Drive financial performance of the business and support General Manager and business with timely and quality decision-making, proper and insightful financial analysis and deploy strategic actions
  • Act as the voice of headquarters when implementing financial and company policies locally/regionally
  • Collaborate with MT and HQ functions with relevant and timely information
  • Implement and maintain appropriate control environment in the business unit
  • Actively sponsor any strategic investment project from inception to final implementation

Drive the decision-making process and business profitability improvement:

  • Support and work effectively with business leaders to improve fundamentals and advance strategy
  • Support business development function to define and implement inorganic strategy
  • Support global operational excellence initiatives, including driving action plans and benefits
  • Support business units to define production capacity planning and ensure optimized utilization
  • Contribute to FT strategic roadmap by bringing to light best options to ground sustainable performance

Support growth strategy:

  • Ensure profitable growth and maintain robust process around new business acquisition
  • Support deployment of value-based commercial excellence
  • Support aftermarket growth strategy through penetration of new geographies

Leadership and management:

  • Elaborate and implement a global vision for the finance team
  • Lead continuous improvement efforts to address bottlenecks and drive efficiencies in the finance organization
  • Develop and implement succession planning and talent development
  • Display an inspiring, adaptive leadership style with a hands-on approach
  • Reinforce and monitor proper implementation of General Managers guidance and direction


Position Requirements:

Key requirements:

  • Currently CFO or Financial Executive in a manufacturing company with a global or a large regional perimeter and at least one international assignment in career
  • Relevant experience in the areas of financial planning, financial analysis and strategy in industrial environments
  • Degree in Economics or related fields; MBA would be a plus
  • Strong accounting skills and/or an internal controls background, preferably with industrial controlling experience
  • Has actively been part of large transformational projects (e.g.: ERP implementation, plant closures, greenfield, M&A)
  • Fluent in English and Italian. Any other languages would be an asset
  • Capable of easily switching from strategic thinking to tactical, very execution oriented
  • Focused on talent, experienced in managing teams and in elaborating actionable development plans
  • Strong work ethic, ability to articulate and defend own opinion and promote best ideas, effective communicator
  • Works well under pressure, fosters collaboration, knows how to drive change

What do we offer?

At ITT, we focus on inspiring the best in our team members. By fostering a healthy culture and by making customers central to everything we do, weve created an inclusive and welcoming workplace defined by innovation and the successes of our talented employees. Living the company values from our higher performance decathlon, we are curious, agile and innovative, and recognize the crucial role that solid Environmental, Social and Governance (ESG) practices play in our success not just today, but as we look to tomorrow and the future.

What are you waiting for.Just apply

ITT Diversity Equity and Inclusion Principles - In ITT our culture leads us to ensure same opportunity for all, leveraging diversities and building an inclusive environment. We welcome applications from all candidates, regardless the gender, race and ethnic, religion, sexual orientation, disability, parental status, or social origin.

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