ITT Control Technologies offers a very attractive benefits program. Our employees enjoy medical and dental coverage, a company paid retirement plan, 401 K 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.
The Finance Director will be responsible for supporting the Valencia site leadership team working as a liaison and business partner to the site operations and sales while leading the CCT businesses Finance Teams in Valencia and Nogales. This is one of the largest areas of CCT with approximately $160 million in annual sales. This role will also assist the BU Controllers of Aerospace and Industrial with execution of the annual operating plan and business strategy.
Lead the process to define the Annual Operating Plan, Monthly Forecast and Monthly Reporting.
Interface with the BU Controllers, VC President and Leadership Team, General Manager and other Corporate Financial Teams.
Lead continuous improvement and drive a highly efficient financial organization
Analyze the deviation between plan and actual; support action plans as necessary.
Be part of Business Continuity Plan and Enterprise Risk Assessment.
Support Business Leader decision process based on analysis, simulations and risk assessment.
Deploy proper internal controls and risk assessment within the business, monitor controls action plan, remediate all gaps uncovered by Internal Audit
Manage Financial Reporting and support the information flow to HQ
Ensure transparency and clarity of financial reporting
Assure quality and on time monthly information and analysis to site, BU, Value Center and Corporate.
Guardian of the rules: Assure that General Accounting and Administrative Controls are being followed; immediately report any gap or control issues as per USGAAP and Sarbanes Oxley
Lead delegation of authority process, analyze and approve capital investment and projects, customer quotations and purchase orders to vendors as per DOA Issue and approve Management Representation Letter
Participation and provide support during internal and external audits.
People development through identifying and retaining talent
Develop and drive product line and customer profitability analysis. Influence peers on business decisions by offering good analysis, facts and ideas.
Manage working capital, interfacing with peers and service areas (in special, inventory level, accruals, accounts receivable and A/R past due).
Establish realistic budgets
Use financial and quantitative information to manage, work with facts;
Identify and implement effective and efficient processes in Finance Department
Support sales strategy
o Ensure profitable growth and maintain robust processes around new business quotations
o Support deployment of VBCE (price / growth strategies)
P&L (Sales, COGS, GM, SG&A, Other Income and OI).
Working Capital (AR, AP, Inventory, Capital Investment) and Cash Flow Analysis.
Investment results (ROI and Pay Back Period).
Reporting entities consolidation.
Six Sigma or continuous improvement savings/efficiency improvements On time delivery of Financial Reports
ITT Control Technologies is a global engineering and manufacturing company with leading positions in the markets it serves. We design, develop and manufacture valves, actuators, pumps, switches, and aircraft seat actuation systems for aerospace and various products for industrial applications and provide an ideal workplace environment.
Skills and Experience
Skills and Experience :
10+ Finance experience in a manufacturing environment;
5+ Experience with cost accounting and operations support
Experience with high mix/low volume manufacturing environment preferred
Knowledge of the ITT business and / or markets that we participate
Solid knowledge of USGAAP and Sarbanes Oxley;
Experience working for international, multinational and/or public listed companies
Proven experiencing building and developing strong Finance team
Six Sigma Certification or general continuous improvement practice desirable
Experience in financial analysis and projects in complex environments
Knowledge of Legal and Tax areas of finance
Strong analytical skills
Ability to work well under pressure and with multiple demands
Experience with ERP systems
Ability to find and implement best practices from other group companies; six sigma
Spanish language fluency desirable
CPA/CMA or similar certification highly desirable
10+ Management and Leadership experience
Demonstrated experience leading cross functional projects
Unquestionable Integrity, strong principles ability to lead by example.
Experience with delegation, decision making and goal setting.
Ensure proper level of support and guidance to Plant Controllers
Experience developing, coaching and mentoring a team
Familiar with negotiation expected results and deadlines;
Develop and implement coaching, succession planning and talent development
Provide and implement vision for the finance team
The Director of Finance and Accounting has full accountability for directing the Finance function across the sites of Valencia, CA and Nogales, Mexico, which manufacture Specialty products. He/she will be expected to work effectively across all site functions including operations, sales, marketing, engineering, IT, HR and business development in achieving the company's financial objectives.