Treasury Operations Manager

ITT Inc.; Town of Orchard Park (NY); On-site; USD 119,000 - 177,000; Full time

Benefits offered by this job

Health insurance

401(k)

Short and long-term disability

Paid time off

Growth opportunities

Incentive compensation

Job summary

ITT Inc. is seeking a Treasury Manager to lead cash management, forecasting, and liquidity optimization in a high-performance corporate setting. You will oversee treasury operations, inter-company activities, FX hedging, and SOX compliance while mentoring a team.

The role requires a Bachelor’s in finance, 5–8 years in cash management, and strong analytical skills. ITT offers a comprehensive rewards package and global opportunities within a diversified industrial portfolio.

Qualifications

• Bachelor's degree required; Certified Treasury Professional preferred.
• 5–8 years of cash management experience in corporate or banking environments.
• Strong analytical and financial skills; ability to execute projects.
• Self-starter with the ability to quickly learn new treasury areas.
• Thrives in a high-performing corporate culture and cross-functional collaboration.
• Experience in global business environments is a plus.

Responsibilities

• Monitor daily cash position and ensure liquidity for operations.
• Develop and maintain short- and long-term cash flow forecasts.
• Implement automation to streamline cash forecasting and reporting.
• Optimize cash balances and minimize idle cash.
• Oversee treasury operations: wire transfers, ACH, and cash pooling.
• Manage bank accounts, signatory updates, and bank fees.
• Execute inter-company netting, lending, dividends, and capital injections.
• Manage foreign exchange hedging programs and settlements.
• Drive continuous improvement of treasury processes and controls.
• Support audits and ensure SOX compliance within Treasury.
• Mentor and supervise treasury operations staff.

Skills

Cash management

Treasury operations

Forecasting

Banking relations

SOX compliance

Financial analysis

Education

Bachelor's degree in finance or equivalent experience

Tools

TMS

SAP

Job description

About ITT
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 the key industries that underpin our modern way of life.

About ITT
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 the key industries that underpin our modern way of life. Headquartered in Stamford, Connecticut, ITT has a market cap of roughly $20 billion and employs more than 15,000 people across 40 countries and serves customers in approximately 125 countries. Following the acquisition of SPX FLOW, the company is expected to generate $5.4 billion in annual revenue. Our businesses are organized in three distinct segments, each based around our core engineering DNA: Flow Technologies: A global leader in, providing a broad portfolio of pumps, valves, mixing and agitation equipment, heat transfer, homogenizers, separation, water and wastewater treatment, and engineered process solutions. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Anhydro, APV, Bornemann, Bran+Luebbe, C’treat, Engineered Valves, Gerstenberg Schröder, Habonim, Johnson Pump, Lightnin, Philadelphia, Plenty, PRO Cast, Rheinhütte, Seital Separation, Stelzer, Svanehøj, Tigerholm, Uutechnic, VIDAR, Waukesha Cherry-Burrell. Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone. Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA.

Position Summary
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. The candidate should also possess intellectual curiosity, strive toward continuous improvement, not be satisfied with “same as last year” approaches to issues, and be willing to compete in a high-performing corporate culture.

Essential 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.

Position Requirements

• Bachelor's degree in finance or equivalent experience.
• Candidate should possess a Certified Treasury Professional Certification.
• 5-8 years of overall experience in cash management in a corporate or a banking environment.
• Strong analytical, financial and systems skills are required.
• A self-starter who can identify opportunities and has ability to execute projects.
• Ability to quickly learn new Treasury areas, even if no prior direct experience.
• Not afraid to be part of a high-performing corporate culture that continually seeks to improve.
• Experience working in global business environment a plus.
• Experience with TMS and foreign exchange trading platforms.
• Familiarity with SAP is a plus.

#Corp This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.

Equal Pay Act Statement
We aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.

Equal Pay Act Range
The annual salary range is $118,800 - $177,400, plus incentive plan and benefits.