Financial Controller

ITT•Amory, MS

About The Position

About ITT: ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life. Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280+ engineers, 1,700+ active global patents and ~51 manufacturing locations. Our businesses are organized in three distinct segments, each based around our core engineering DNA: Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen and Svanehøj. Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone. Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA. 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.

Requirements

SAP (ECC) Finance and Costing Experience.
Proficient in Excel (Pivot Tables and other advanced formulas)
Proficient in Microsoft office
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.
Bachelor of science degree in Accounting with six to eight years related experience.
Manufacturing background a must.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from all departments within Amory and to the IP/ITT groups.
While performing the duties of this job, the employee is regularly required to sit.
The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls.
The employee is occasionally required to talk or hear.
Specific vision abilities required by this job include close vision and the ability to adjust focus.
The noise level in the work environment is usually quiet.

Nice To Haves

Hyperion/OneStream experience preferable.
CPA/CMA desired.

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.