Manager, Financial Reporting and Accounting

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