Treasury Operations Manager
ITT Inc. (NYSE: ITT) is a diversified global leading manufacturer of highly engineered critical components and customized technology solutions serving the flow, aerospace and defense, transportation, industrial, and energy markets. Through operational execution, innovation, and disciplined capital deployment, including strategic acquisitions such as SPX FLOW, ITT partners with its customers to deliver enduring solutions to key industries. Headquartered in Stamford, Connecticut, ITT has a market cap of roughly $20 billion and employs more than 15,000 people across 40 countries.
About the role
Reporting to the Treasury Director, the Treasury Manager interacts with Corporate Accounting, Tax, Payables and Receivables, and Audit. The candidate must be a quick learner, have strong communication and analytical skills, and possess strong interpersonal and leadership skills. The candidate must also have experience operating in a Sarbanes-Oxley environment, intellectual curiosity, and a drive toward continuous improvement.
Responsibilities
- Monitor daily cash position and ensure adequate liquidity for operational needs.
- Develop and maintain detailed short-term and long-term cash flow forecasts.
- Implement automation tools to streamline cash forecasting and reporting processes.
- Identify and implement strategies to optimize cash balances and minimize idle balances.
- Oversee cash management operations to include daily cash administration and management of bank accounts.
- Oversight of daily treasury operations, including wire transfers, ACH payments, and cash pooling.
- Oversee bank account administration, including account openings/closures, and signatory updates.
- Negotiate and manage bank fees.
- Execute on liquidity needs for working capital and invest short-term excess cash.
- Manage execution of inter-company netting, inter-company lending, dividends, and capital injections.
- Manage execution of foreign exchange hedging programs, settlements, and reporting.
- Drive continuous improvement of treasury operations to maximize team productivity.
- Ensure adherence to best practices in cash management and treasury operations.
- Ensure compliance with internal controls, policies, and procedures.
- Develop and monitor treasury operational policies.
- Manage Sarbanes-Oxley compliance for Treasury operations.
- Support external and internal audits related to cash and treasury operations.
- Supervise and mentor treasury operations team.
Requirements
- CTP certification.
- 5-8 years of overall experience in cash management in a corporate or banking environment.
- Strong analytical, financial, and systems skills.
- Self-starter who can identify opportunities and execute projects.
- Ability to quickly learn new Treasury areas, even without prior direct experience.
- Experience working in a global business environment is a plus.
- Experience with TMS and foreign exchange trading platforms.
- Familiarity with SAP is a plus.
- This position requires use of information subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR (U.S. Citizen, U.S. Permanent Resident, Political Asylee, or Refugee).
Benefits
- Competitive salary and robust total rewards package, including health insurance, 401(k), short and long-term disability, and paid time off.
- Growth and developmental opportunities.
- Incentive compensation programs.
Pay
The annual salary range is $118,800 - $177,400, plus incentive plan and benefits.