Principal Specialist, Intercompany Accounting

Prattwhitney; Farmington (CT); Hybrid; USD 87,000 - 165,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

401(k) match

Flexible work schedules

Paid time off and holidays

Job summary

RTX is seeking a Principal Specialist to join the ESC&C team within the RTX Enterprise Service organization. This role focuses on ensuring accuracy of balance sheet intercompany transactions to support GAAP, partnering across Finance, Tax, Treasury, and other intercompany groups.

The position involves leading cross-functional initiatives, driving process improvements, and performing monthly intracompany closings.

Qualifications

• Typically requires a bachelor’s degree in Accounting, Business, Finance or related field and 5 years of relevant experience or a master’s degree and 3 years of relevant experience.
• Experience with financial and accounting systems and month-end close procedures.
• Experience with Microsoft Excel to organize and analyze data, PowerPoint to create presentations, Word to prepare documents, and Adobe to create, edit, or manage documents.

Responsibilities

• Responsible for Pratt Intracompany Accounting supporting Pratt business segments
• Manage high volumes of data utilizing data analytics to identify sub data sets.
• Analyze transactions to set precise action plan for unreconciled issues.
• Determine stakeholders, lead action plan to conclusion, and influence others to act by holding accountable.
• Take responsibility for developing, maintaining, and continuously improving the customer service scorecard.
• Monitor unreconciled balances, variances, and outstanding items, analyze trends, and lead cross-functional initiatives to implement process improvements, address discrepancies, minimize aged balances, and enhance overall performance.
• Adopt a broad perspective to identify the root causes of unreconciled issues and leverage this understanding to guide business unit participants in implementing process improvements within intercompany operations to address and resolve underlying problems.
• Research intercompany out of balances to determine root cause.
• Lead business operations to solution and provide support.
• Perform dispute resolution and facilitate collaboration within and across RTX business units.
• Present intercompany findings and solutions to multiple levels of management across RTX’s various business units.
• Perform monthly closing activities related to intracompany, including journal entries.
• Apply U.S. GAAP knowledge to understanding Operational process impact to Financial Statements.
• Contribute to development of ES by bringing innovative solutions within the knowledge base and work of the department.
• Play a key role in special projects including process improvements.

Education

Bachelor’s degree in Accounting, Business, Finance or related field

Master’s degree in Accounting, Business, Finance or related field

Tools

Microsoft Excel

PowerPoint

Word

Adobe

SAP

JD Edwards

OneStream

Job description

At RTX, the world's largest aerospace and defense company, 185,000 great minds are united by purpose and inspired to make a difference solving the world’s most complex problems. With our three market leading businesses, world‑class operations and investments in research and development, we offer capabilities and opportunity no one else can. Together, we push the boundaries of known science and find new ways to connect and protect our world. Join us and help shape the future of aerospace and defense. The following position is to join our RTX Enterprise Services team: We are seeking a highly motivated Principal Specialist to be part of the ESC&C team within the RTX Enterprise Service organization. The team is responsible for ensuring accuracy of balance sheet intercompany transactions to support statutory financials and ensure compliance with GAAP. The intercompany team is involved in the full contract to cash process by consulting with the business on new scenarios all the way through the lifecycle to clearing of open items through cash settlement. This role provides exposure to a variety of business areas with regular interactions with Finance business leaders, Tax, Treasury, and peer intercompany groups within Enterprise Services.

What You Will Do

• Responsible for Pratt Intracompany Accounting supporting Pratt business segments
• Manage high volumes of data utilizing data analytics to identify sub data sets.
• Analyze transactions to set precise action plan for unreconciled issues.
• Determine stakeholders, lead action plan to conclusion, and influence others to act by holding accountable.
• Take responsibility for developing, maintaining, and continuously improving the customer service scorecard.
• Monitor unreconciled balances, variances, and outstanding items, analyze trends, and lead cross-functional initiatives to implement process improvements, address discrepancies, minimize aged balances, and enhance overall performance.
• Adopt a broad perspective to identify the root causes of unreconciled issues and leverage this understanding to guide business unit participants in implementing process improvements within intercompany operations to address and resolve underlying problems.
• Research intercompany out of balances to determine root cause.
• Lead business operations to solution and provide support.
• Perform dispute resolution and facilitate collaboration within and across RTX business units.
• Present intercompany findings and solutions to multiple levels of management across RTX’s various business units.
• Perform monthly closing activities related to intracompany, including journal entries.
• Apply U.S. GAAP knowledge to understanding Operational process impact to Financial Statements.
• Contribute to development of ES by bringing innovative solutions within the knowledge base and work of the department.
• Play a key role in special projects including process improvements.

Qualifications

• Typically requires a bachelor’s degree in Accounting, Business, Finance or related field and 5 years of relevant experience or a master’s degree and 3 years of relevant experience.
• Experience with financial and accounting systems and month-end close procedures.
• Experience with Microsoft Excel to organize and analyze data, PowerPoint to create presentations, Word to prepare documents, and Adobe to create, edit, or manage documents.

We Prefer

• Experience in obtaining or maintaining a Certified Public Accountant (CPA) license is preferred.
• Experience in Operational Finance, including financial planning, analysis, forecasting, or cost management.
• Experience communicating financial or business information verbally and in writing, including briefing management.
• Experience with preparing, analyzing, and presenting financial or operational reports.
• Experience with SAP, JD Edwards, and OneStream financial systems.
• Experience in organizing work, planning activities, resolving problems, and meeting deadlines in a time-sensitive work environment.
• Experience in providing professional, service-oriented support when handling sensitive information or challenging business situations.
• Experience in analyzing data, organizing information, planning activities, and resolving business or financial problems.
• Experience providing professional, service-oriented support when handling sensitive information or challenging business situations.
• Experience preparing ad hoc reports, synthesizing data, and presenting findings in an actionable format.
• Experience with process automation to improve workflow efficiency and reduce manual tasks.

Work Location

This is a hybrid role, eligible candidates must reside within commuting distance of Cedar Rapids IA, Farmington CT, Richardson TX, or Tucson AZ. Please consider the following role type definition as you apply for this role: Hybrid: Employees who are working in hybrid roles will work regularly both onsite and offsite. Ratio of time working onsite will be determined in partnership with your leader. As part of our commitment to maintaining a secure hiring process, candidates may be asked to attend select steps of the interview process in-person at one of our office locations, regardless of whether the role is designated as on-site, hybrid or remote. This role is a U.S.-based role. If the successful candidate resides in a U.S. territory, the appropriate pay structure and benefits will apply. RTX anticipates the application window closing approximately 40 days from the date the notice was posted. However, factors such as candidate flow and business necessity may require RTX to shorten or extend the application window.

Salary

The salary range for this role is 86,800 USD - 165,200 USD. The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an offer, including but not limited to, the role, function and associated responsibilities, a candidate’s work experience, location, education/training, and key skills.

Benefits

1. Medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, Employee Scholar Program, parental leave, paid time off, and holidays.
2. Specific benefits are dependent upon the specific business unit as well as whether or not the position is covered by a collective-bargaining agreement.
3. Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs depending on the level of the position and whether or not it is covered by a collective-bargaining agreement.
4. Payments under these annual programs are not guaranteed and are dependent upon a variety of factors including, but not limited to, individual performance, business unit performance, and/or the company’s performance.

Equal Opportunity

RTX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or veteran status, or any other applicable state or federal protected class.

Affirmative Action

RTX provides affirmative action in employment for qualified Individuals with a Disability and Protected Veterans in compliance with Section 503 of the Rehabilitation Act and the Vietnam Era Veterans’ Readjustment Assistance Act.

RTX is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises three industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon. Its 195,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, Virginia.