Financial Controller

About ITT:

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 ~11,000 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. The company generated 2024 revenues of $3.6 billion. 

 

• Motion Technologies: (Revenue of $1.4B; headcount of ~ 4,000; operates in 13 countries) 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: (Revenue of $1.4B; headcount of ~3,400; operates in 30 countries) 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: (Revenue of $0.8B; headcount of ~ 3,800; operates in 10 countries) 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.

 

Position Summary

Directs site financial management activities of the organization by performing the following duties. 

Essential Responsibilities

• Complete the monthly closing and financial reporting requirements. Prepare monthly reports of results, oversee the coordination of the monthly forecasts, annual operating plan, and strategic planning. • Maintain all SOA documentation requirements for monthly and quarterly closing activities.• Responsible for internal controls at the plant for operations, sales and finance. • Analyze and accurately report current month’s financial results to the plant, sales, and corporate management in accordance with corporate format and time requirements. • Submit all financial transactions, transmissions, and reporting on a timely and accurate basis. • Ensure accuracy of the cycle counting and reported results monthly. • Prepare and maintain capital expenditures and fixed assets records.• Perform audits on BOMs to ensure product costs are accurate and accounted for properly. • Responsible for preparing margin analysis for the Amory site working with Customer Service, Engineering and Purchasing to ensure costing is accurate for the quote. • Maintain a perpetual inventory for finished goods and reconcile this perpetual to production, shipping, and returns when required. • Maintain close working relationship with the General Manager to discuss production and costing issues. Review labor reporting and cost, material costs, manufacturing overhead, distribution cost, returns and inventory levels. • Analyze potential excess and obsolete inventory items monthly and prepare monthly reconciliation with the Materials Manager. • Reconcile all inter-company accounts monthly. • Responsible for Account Reconciliations in monthly to ensure assets are adequately safeguarded and results are accurately reported. • Adhere to ITT policies and procedures, GAAP, and Sarbanes Oxley’s rules and regulations.• Other various responsibilities.

Position Requirements

QUALIFICATIONS:

SAP (ECC) Finance and Costing Experience. 

Proficient in Excel (Pivot Tables and other advanced formulas)

Proficient in Microsoft office

Hyperion/OneStream experience preferable. 

 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

EDUCATION and/or EXPERIENCE

Bachelor of science degree in Accounting with six to eight years related experience.  Manufacturing background a must. CPA/CMA desired.

 

LANGUAGE SKILLS

Ability to read, analyze, and i