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Financial Controller

1 month ago

Hebron, Kentucky, United States ITT Full time
About ITT

ITT is a leading industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace, and defense. Our company's differentiation is sustained through a combination of execution, the quality of our 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.

Job Summary

As a Financial Controller, you will be responsible for monitoring all accounts, ledgers, and reporting systems to ensure compliance with appropriate GAAP standards and applicable regulatory requirements. You will evaluate and assess ITT's cost accounting practices, procedures, and systems, recommending and executing improvements as needed.

Key Responsibilities
  • Maintain internal control safeguards for the receipt of revenue, costs, and organizational budgets and actual expenditures.
  • In conjunction with ITT's Motion Technologies Executive Management, establish and monitor financial and operating benchmarks, budgets, and reporting standards on a regularly recurring basis.
  • Coordinate and oversee the preparation of financial statements.
  • Coordinate activities of internal and external auditors, as needed.
  • Assess current accounting operations, offering recommendations for improvement and implementing new processes.
  • Evaluate accounting and internal control systems.
  • Establish a budgeting process and manage the receipt and payment of all invoices, payments, and billing.
  • Develop and enforce internal controls to maximize protection of company assets, policies, procedures, and workflow.
  • Provide senior management with information vital to the decision-making process.
  • Supervise the performance of others regarding accountant reconciliations and other accounting functions, including reporting.
  • Compile statistical data utilized to support footnotes to company financial statements.
Requirements
  • Bachelor's degree in Accounting or Finance.
  • Five to seven years related experience in finance.
  • Experience must include a specialized knowledge of general accounting principles and practices. CPA or MBA a plus.
  • A proven track record of performance and accomplishments in growing corporations.
  • Experience with Hyperion, Oracle, or SAP, Lean Six Sigma preferred.
  • Firm knowledge of GAP, CAS, and industry best practices.
  • Management experience.
  • Advanced computer skills.
  • Advanced Excel experience.
  • Proven ability to drive process improvements: efficiency and effectiveness.

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

Equal Pay Act Statement:

We aim to pay our ITTers 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 $82,600 - $123,800 plus benefits