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Accountant

ITT Corporation

ITT Corporation

Accounting & Finance
Denham Springs, LA, USA · Colfax, NC, USA · Stafford, TX, USA
Posted on Thursday, June 27, 2024

Accountant

Job Locations US-LA-Denham Springs | US-NC-Colfax | US-TX-Stafford
ID
2024-12514
Category
Finance and Accounting
Position Type
Employee
Telecommute
No

Position Summary

About the Company:

ITT is currently headquartered in Stamford, CT., with employees in more than 35 countries and sales in approximately 125 countries. The company generated 2022 revenues of $2.9 billion.

ITT operates through three Value Centers (business units):

Motion Technologies 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 manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, 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 manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and oil and gas markets

ITT offers an extremely competitive benefits program. Our employees are provided medical and dental coverage, 401K savings plan, life insurance protection, sickness and accident income protection, a generous vacation and holiday program, a tuition reimbursement program, and a program that allows you to use tax-free dollars to pay for many health care and dependent care expenses.

Summary:

We are seeking an Accountant to support our aftermarket repair and upgrade business in our Baton Rouge PRO Services shop located in Denham Springs, LA. Building on centuries of pump design experience, PRO Services provides an array of services focuses on reducing equipment total cost of ownership and increasing plant output, including condition monitoring, predictive maintenance contracts, field service, engineered upgrades, inventory management, and overhauls for pumps and other rotating equipment. The Accountant will function as multiple service center’s primary financial representative. Support local and PRO Service management’s financial analysis needs. The position is primarily accountable for all financial activities within the operation, and is considered a business partner to the operational team. This finance position is a critical provider of all applicable information to the NA PRO Controller.

Essential Responsibilities

• Primarily responsible for maintaining the general accounting functions at the operating unit level. Completion of financial statements, compiling and analyzing financial information to prepare entries to accounts, maintenance of general and subsidiary ledgers.

• Balance Sheet reconciliation and reporting
• Customer invoicing, milestone billing, verifying invoice contact and PO requirements
• Reporting: Annual operating plan and budget data. Preparing ongoing orders & sales reports and monthly financial statements and reports. Supporting the monthly performance review reporting. Meet all applicable reporting deadlines
• Participates in limited cost accounting and analysis
• Assists shared services with collection activity (as needed), assists in communication between operations, FRC and customer (as needed)
• Ensure adequacy of financial controls including compliance with all SOX and related control requirements, company policies, tax and statutory regulations.
• Ensure completeness and accuracy of local financial records including general ledger and related reports including accuracy of job costing information from the Epicor system.
• Month End duties – Closing general ledger accounts monthly, balance sheet reconciliations, monthly accruals and adjusting entries. Analyze trial balance for accuracy and completeness of transactions and financial reporting to be submitted to Onestream
• Periodic reports and analysis, physical inventory reports, annual parts price list preparation, reviews of standard cost pricing and variances.
• Work with the General Manager and operations team to continually improve business and accounting systems and processes.
• Prepare annual operating plans and budgets for each of the operations.
• Perform financial analysis, capital and lease evaluations (PARs) and special projects.
• Ad Hoc Reporting – as requested by department, manager, or employee.

Position Requirements

•Bachelor’s Degree in Accounting/Finance preferred, or equivalent combination of education, training, and experience.

•3-5 years general ledger accounting and end of month close experience in a manufacturing environment
• Balance sheet reconciliation and understanding; must have strong accounting acumen to understand financial statements relevant to balance sheets (ultimate responsibility and ownership of local finance records)
• Financial reporting experience required
• Invoicing experience required
• Payroll processing experience is a plus
• SOX exposure is a plus
• Strong understanding of general accounting best practices for compliance and efficiency
• Understanding of business processes
• Solid communication skills
• Solid Analytical skills
• Strong team player

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 ‘ITT’ers’ 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 $58,000 and $87,000; Includes annual bonus and competitive benefits.

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ITT Inc. is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration without regard to age, color, gender, gender identity, national origin, physical or mental disability, protected veteran, race, religion, sexual orientation, or any or any other characteristic protected by law. (Government security rules may restrict certain work to specific individuals based on government criteria.)
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