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.

1. Responsible for all Payroll related taxation including monitoring the tax deductions of each employee, Form 16, coordinating with the employees for tax saving documents etc 2. Employee related reimbursements & travel expenses according to the ITT policy, and related accounting entries in ERP.3. Payroll accounting in ERP4. MIS related employees including monitoring head count details etc5. Participation in ERP implementation6. Processing of all online payments7. Any additional responsibility as assigned by management

Credit Control

Reviewing credit policies within IP framework

Collaborating with customer / sales team for customer risk assessment

Controlling credit days and credit limits

Customer Order - Review of Commercial and Financial terms (IP500)

Milestone tracker - maintenance and Leading MS GEMBA call

Accounts Receivable & General Accounting

Leading IP Account Receivables.

Follow up on actions to be initiated by, Project and Sales team for collections

Tracking of all due payments and monitoring issues or roadblocks in payment collections

Tracking of all Orders and Milestones and ensuring commercial terms

Working with project team to claim milestone payments on timely basis

Ensuring that all ABG / PBG / WBG are issued on time and concluded on text with the satisfaction to the customer

Closure of BG's with expired periodicity

Tracking the Final Document claim and status review with commercial manager

Timely reconciliation of customer accounts whenever required

Visiting Customer for collections or reconciliations or related clarity

Accounting of all receipts in proper customer accounts and related MIS

Leading fortnightly calls on AR with India team.

Lead for Booking of LD and Bad Debt reserve as per policy

Lead of Booking of Commission

Reconciliation of Onestream accounts - Customer & AR related

Controlling and reviewing PARs

Controlling the status of CWIP and capitalization with documenting put to use forms and estimated capitalization date

FAR maintenance and Fixed assets monthly roll forward preparation

Supporting MT activities with the help of Finance controller

Ensuring to complete all month end activities on time.

Statutory / Tax / Internal Audit support

Statutory / Tax / Internal Audit support