Cost Accountant

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

This role will be responsible for the cost base of all the products related to BIW. This role will be heavily involved with the Operation’s team ensuring accurate and up to date inventory valuation. The person will require a good analytical skill and understanding of absorption costing techniques and have experience of working in a similar position within a Manufacturing environment. The position will also be heavily involved in the month end close process, massive data, budgeting and forecasting. 

Essential Responsibilities

Responsibilities include but not limited to:

• Supporting month end closing 
• Update and investigate standard costs as required
• Analyze and investigate manufacturing variances 
• Monitoring Inventory levels 
• Participate in physical inventory counts to ensure the accuracy of inventory records
• Maintain sales and margin and other financial analysis
• Maintain work paper documentation that provides an effective audit trail and evidence of compliance with USGAAP and Sarbanes/Oxley
• Contribute to timely and accurate submission of monthly financial results and monthly reporting as required. Take proactive approach to problem solving, improvements, and lean processes within the organization
• Work with internal and external auditors when required
• Escalate issues of critical importance to management
• Support Company’s Operating Plan, Budget, and Monthly Forecast
• Plans study and collect data to determine costs of business activity such as raw material purchases, inventory, and labor
• Monitor the accumulation of all direct labor, overhead and other manufacturing-related expenses
• Ensure accurate classification of expenses under Generally Accepted Accounting Principles (GAAP)
• Help develop financial templates and improve efficiency

Position Requirements

Requirements

• A bachelor’s degree in accounting
• 5+ years of cost accounting experience in the accountancy field or an equivalent role
• Sufficient SAP or ERP experience is mandatory. OneStream is a plus
• Ability to organize workload and manage multiple projects in a dynamic environment
• Excellent problem solving and analytical skills
• Team plan and demonstrated respect for culture of ethics and compliance 
• Problem solver and self-motivated

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