What are the responsibilities and job description for the Cost Accountant position at ITT Inc. - English US?
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
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 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.”
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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 is $78,200 to Max $116,800 plus benefits & incentive plans.Salary : $78,200
