Accounts Receivable Senior Manager

Position Summary

ITT, headquartered in Stamford, CT, operates competitively in 35 countries with demanding sales in 125 countries around the globe. ITT partners with engaged customers to deliver enduring solutions to the vital industries that continuously advance our modern way of life. ITT employees thrive in an inviting and professional company culture.

Summary:

Responsible for planning, organizing, and managing Accounts Receivable global functions of ITT Shared Services. The primary responsibilities of this position include ensuring effective functional controls and processes to deliver Accounts Receivable services to ITT business units, which includes customer credit evaluations, sales order release approvals, collection of Accounts Receivable, application of customer payments, and implementing strategic initiatives in support of ITT Shared Services Global Accounts Receivable organization goals and objectives. This includes, but is not limited to, assisting with the development of the strategic direction and global delivery model(s), the daily leadership of staff, maintenance of appropriate control environment, reporting of key performance data, project leadership, management of deploying the service globally, limited financial analysis and preparation of financial forecasts and budgets, and the continuous development and improvement of the service offering. Ensure that project objectives of maximizing commonality and utilizing standard solutions and best practice approaches are achieved. Other duties as assigned.

Essential Responsibilities

• Provide daily oversight for the cash application, credit and collection departments including staff development

• Provides review of customer credit limit assignment and order release functions for business units serviced by Shared Services

• Management and delivery of all Accounts Receivable and department KPI reporting deliverables; including performance improvement opportunity analysis

• Implement business systems and processes that meet business requirements and enhance internal controls.

• Implement strategic process improvements aimed at improving Accounts Receivable processes, lowering AR past due and improving cash collections

• Enhance service offerings with the appropriate processes, procedures, delivery model(s)

• Development/supervision of Staff

• Manage Portfolio Performance

• Service Enhancement/Continuous Improvement by implementing ongoing improvements/enhancements to daily processes

• Implement business systems and processes that meet business requirements and enhance internal controls.

• Manage and expand service growth through new business and merger and acquisitions

• Service Cost/managing cost of operations

• Special projects as requested

Position Requirements

Education: B.S. Finance/Accounting; (or equivalent experience) with Credit Certification preferred.

Experience: In depth knowledge of Accounts Receivable processes obtained through more than 10 years of practical AR experience with at least 5 years in a management/leadership role.

Preferred experience in a shared services/centralized services Accounts Receivable environment.

FIS GetPAID, preferred

SAP, preferred

Other Skills/Knowledge/Experience:

Considerable skills in process improvement/business transformation, customer service, communication, leadership, problem solving, team building and consensus abilities. Change agent.

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 $94,600 to $141,800 plus benefits and incentive plans