Accountant

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.

Overall responsibility for providing financial reporting and analysis and cost accounting for the Canada Aftermarket division as well as General Accounting, financial reporting and analysis for other Canadian division and legal entity.  Including but not limited to performing ongoing daily transactional accounting, weekly orders and sales reporting, monthly financial closings and all related reporting.  Also includes maintenance of Vantage system costing standards, customer invoicing and payment processing for non PO vendor/supplier invoices.  Support Shared Services in the Fixed Asset, A/P, and A/R processes.  Includes primary responsibility for completeness and accuracy of all general ledger accounts including monthly reconciliations of all balance sheet accounts and select revenue and cost accounts.  Additional responsibility for communication and coordination with operational management team to ensure an adequate control environment and compliance to internal policies and procedures.  Continually improve business and accounting systems and processes.  Support the IP Finance team through communication and by providing detail information as required

Essential functions of the position include, but are not limited to:

• Develop business analyses to help identify areas to improve financial performance and support business decision making
• Oversees the general accounting activities to ensure the ongoing accuracy of financial statements
• Oversees and directs the Accounts Payable and Accounts Receivable functions
• Leads the monthly closing, financial reporting and analysis in a compressed 3-day reporting schedule
• Analyzes and reports on budgets vs actual expense performance
• Oversees all account reconciliations to ensure they are compliant with Sarbanes-Oxley and completed on a timely basis
• Responsible for the training and guidance of all members of the Accounting team
• Evaluate the Accounting team workload and streamlines processes as required
• Assists with the preparation of financial data for monthly and quarterly business unit presentations
• Monitors operational activities for compliance with internal control procedures and SOX requirements
• Coordination of all external and internal audit activities including timely provision of audit schedules as requires
• Assist with system process improvements and upgrades
• Coordinate with Shared Services to drive accounting execution
• Special projects as required

Primary Duties and Responsibilities

General Accounting/Ledger

• Create monthly PRMS journal entries for approval
• Data entry journal entries, Table of Contents
• Monthly Checklist
• Month End Binder
• Various monthly close related reports Compensation, Headcount, Accrual analysis; vacation, Bonus, Benefits, Payables
• Review and Allocate P2P Suspense (source root cause for entries)
• OneStream Balance Sheet Reconciliations
• Back up support for OneStream Journals, Upload, Phase 1 and Phase 2 upload and validation
• Backup for SAP and iSeries support

Payroll and Employee Benefits

• Payroll submission bi-weekly
• Create/update payroll reports
• Update pay rate for shop employees
• Manage Provincial Workers Compensation Insurance; Monthly and Annual reporting, filing, reconciliation, Clearance Certificates as required (ON,AB,MB,SK,NL,QC, BC)
• Collect and File the Payroll Support Submissions. Verify discrepancies when updating Savings and Investment Reporting. 
• Create Savings and Investment report, liaise with Buck Actuaries, Treasury and ManuLife to ensure accurate and timely funding of employee program
• Verify, Create, Monitor and Submit Wellness Program and Fitness Reimbursement EPIP to HR Department through MyITT HR Portal
• Create/update payroll distribution reports
• Create/update benefit supplemental reports; Manulife Savings & Investment programs, SunLife Extended Health Benefits program
• Annual T4 supplemental data collection, review and submission, T2200 Declarations, Vehicle Benefit Standby Charge Calculation
• Submit monthly COVID expenses
  
  

Invoicing

• Create Intercompany Debit Memos to allocate costs from primary cost center to other units.
• Update and distribute Intercompany Income/Expense reports to foreign units to assist with month end validation requirements
• Create invoices from Jobs received throughout the month by the PRO Shops in a timely manner and ensure completion of all before ME.
• Distribute invoices to customers as soon as they are received.
• Liaise with AR to resolve invoicing queries

Back-up and/or Supporting Role in following areas:

• Accounts Payable process – PO and Non-PO related payables processing
• Monthly Federal and Provincial Corporate Tax requests and ad hoc requests; Sharepoint upload – proof of payment
• Annual PwC Tax iQ submission
• SOARS manual report update and submission for upload
• BIC Margin Report updates – including POC calculations
• Biweekly payment proposal review and approval
• Weekly Sales, Orders, Backlog reporting
• A/R follow up

• Bachelor’s Degree in Accounting, Finance or related field
• CPA and/or MBA is a plus
• Minimum of 5 years’ experience in accounting
• Ability to manage in a team-oriented environment
• Must have in-depth professional knowledge of accounting concepts, manufacturing systems, cost accounting and financial planning methods
• Problem solving, critical thinking and creativity skills are essential
• Strong work ethic, high standards for work product, honesty and integrity
• Must be a self-motivated individual who is a capable and motivating leader
• Excellent PC skills including Excel and other MS Office applications and working knowledge of ERP systems
• Excellent oral, written communications and have a high level of moral and ethical codes

Systems utilized include:

• Microsoft Office (Excel, Word, PowerPoint) – Excel proficiency essential
• Vantage
• SAP (Serrala)
• AS400/PRMS
• OneStream
• GetPaid
• QuickBooks (back-up only)