Management Accountant

Management Accountant

Derby Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage financial reporting, bookkeeping, and compliance for our Normanton facility.
  • Company: ITT is a global leader in engineered components for transportation, energy, and aerospace markets.
  • Benefits: Enjoy competitive pay, potential for remote work, and opportunities for international travel.
  • Why this job: Join a dynamic team focused on innovation and making a real impact in critical industries.
  • Qualifications: CIMA/ACCA/ACA qualified with 3-5 years of accounting experience, preferably in manufacturing.
  • Other info: Be part of a company generating $3.3 billion in revenue with over 10,000 employees worldwide.

The predicted salary is between 36000 - 60000 £ per year.

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

Reporting directly to the Regional Finance Controller with a dotted line to the General Manager of the facility in Normanton. The Senior accountant shall be responsible for all areas relating to financial and administrative matters at the facility, including all financial reporting, as well as compliance with company policies & statutory requirements.

Occasional international travel as advised by the Finance Controller.

Essential Responsibilities

Accounting/Bookkeeping

  • Handle day to day bookkeeping function of the operation, with appropriate back-up documentation.
  • Reconcile all bank accounts and intercompany accounts monthly and appropriately document adjustments where required.
  • Control capital expenditure and maintain fixed asset register, as well as keep custody of all inventory. Prepare PAR as required for capital & leases.
  • Oversee Treasury functions and co-ordinate with bankers, ensuring the company payments and bank arrangements run smoothly.
  • Control cashbooks (GBP & USD), reconcile bank statements and purchase ledger, ensuring coding is correct.
  • Prepare Concur (employee expenses) posting file and reconcile to intercompany balance.
  • Match purchase orders and post purchase invoices.
  • Process payment of suppliers on a timely basis and match payments to invoices; prepare supplier account reconciliations
  • Prepare monthly customer payment performance report, distribute, and answer questions. Monitor stage payments, maintain the corresponding reports.
  • Agents’ commission – collate, support and pay in accordance with signed contracts
  • Liaise with Shared Services to facilitate debt collection, as well as the opening of new accounts
  • Discuss, prepare and post customer credit notes and tabulate reasons for credit notes.
  • Agree intercompany AR balances, resolve issues, chase monies or agree netting amounts. Also send invoices to USA P2P system.

Financial Reporting

  • Oversee all financial aspects of the operation, discussing with management, steering the company to achieve its strategic plans and financial goals
  • Assist in the preparation / Submit on a timely & accurate manner all monthly financial reporting as well as ad-hoc reports as required by Corporate, including monthly outlooks, forecast & budget as applicable.
  • Prepare adjusting and closing entries, being responsible for month end, as well as year-end, close reporting requirements.
  • Ensure compliance with ITT policies & processes, including the Delegation of Authority (DoA), optimizing controls and improving efficiency, support local management to identify cost savings initiatives, control costs & improve financial performance.

Compliance with policies & processes

  • Implement and ensure compliance with all corporate policies, as well as formulate local policies to help cultivate an effective facility.
  • Act as custodian of the companies’ assets, taking appropriate action to protect all company assets and to prevent the diminution of the net worth of the operation.
  • Ensure compliance with local legal, accounting, audit & tax standards

Audit & tax

  • Liaise with internal and external auditors. Responsible for the internal controls of the company and must review the internal controls regularly and be sharp in spotting internal control weaknesses and to take necessary corrective action.
  • Maintain a clean audit report at all times. Be familiar with Sarbanes Oxley Act requirements.
  • Maintain a clean balance sheet support records (called the ownership book), detailing every item on the balance sheet, updated on a monthly basis.
  • Ensure that accounting entries & provisions are made in accordance with ITT policy.
  • Ensure compliance with import/export regulations and payment terms and procedures.
  • Handle Corporate tax matters.
  • Complete VAT returns and reconcile to general ledger

Position Requirements

  • Accounting qualified – CIMA/ACCA/ACA would be an asset
  • Experience in a similar senior accounting role
  • Minimum 3-5 years experience as an Accountant, ideally with a manufacturing/servicing background.
  • Auditing background preferable
  • Good knowledge of Accounting & Tax issues.

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Management Accountant employer: ITT, Inc.

ITT is an exceptional employer that fosters a dynamic work culture focused on innovation and excellence in engineering. With a commitment to employee growth, ITT offers comprehensive training and development opportunities, ensuring that team members can thrive in their careers while contributing to cutting-edge solutions in critical industries. Located in Normanton, employees benefit from a collaborative environment that values integrity and teamwork, making it a rewarding place to work.
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Contact Detail:

ITT, Inc. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Management Accountant

✨Tip Number 1

Familiarise yourself with ITT's core business segments and their financial operations. Understanding the specifics of Motion Technologies, Industrial Process, and Connect & Control Technologies will help you tailor your discussions during interviews.

✨Tip Number 2

Brush up on your knowledge of compliance and internal controls, especially in relation to the Sarbanes-Oxley Act. Being able to discuss how you can maintain a clean audit report will set you apart from other candidates.

✨Tip Number 3

Network with professionals in the manufacturing and servicing sectors. Engaging with industry peers can provide insights into best practices and may even lead to referrals for the Management Accountant position.

✨Tip Number 4

Prepare to discuss your experience with financial reporting and compliance in detail. Be ready to share specific examples of how you've improved financial performance or streamlined processes in previous roles.

We think you need these skills to ace Management Accountant

Financial Reporting
Accounting Principles
Bookkeeping
Bank Reconciliation
Capital Expenditure Management
Fixed Asset Management
Cash Flow Management
Supplier Payment Processing
Customer Credit Management
Intercompany Accounting
Compliance with Financial Regulations
Audit Coordination
Tax Compliance
Cost Control
Financial Analysis
Attention to Detail
Communication Skills
Problem-Solving Skills
Proficiency in Accounting Software
Knowledge of VAT Regulations

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in accounting and financial reporting, especially in a manufacturing or servicing background. Use keywords from the job description to demonstrate your fit for the role.

Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention specific aspects of ITT that resonate with you, such as their commitment to quality and engineering leadership, and explain how your skills align with their needs.

Showcase Relevant Skills: Emphasise your proficiency in accounting software and financial compliance. Highlight any experience with internal controls, auditing, and tax matters, as these are crucial for the Management Accountant role.

Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is vital in accounting.

How to prepare for a job interview at ITT, Inc.

✨Know Your Numbers

As a Management Accountant, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be prepared to discuss how you've used them in past roles. This shows you understand the importance of financial reporting and compliance.

✨Understand ITT's Business Model

Familiarise yourself with ITT's segments and their market positions. Being able to articulate how your role as a Management Accountant fits into their strategic goals will impress the interviewers and show that you're genuinely interested in the company.

✨Prepare for Technical Questions

Expect questions related to accounting standards, tax regulations, and internal controls. Review the Sarbanes-Oxley Act and be ready to discuss how you've ensured compliance in previous roles. This will highlight your expertise and readiness for the position.

✨Showcase Your Problem-Solving Skills

Be prepared to share examples of how you've identified and resolved financial discrepancies or improved processes in your past roles. This demonstrates your proactive approach and ability to contribute to cost-saving initiatives at ITT.

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