Job Description

We’re Watts. Together, we’re reimagining the future of water.

We feel proud every day about what we do. We're all part of the same crucial mission, no matter what function we support -- it's to provide safe, clean water for the world, and to protect our planet's most valuable resource.

What we do:

For 150 years, Watts has built best-in-class products that are trusted by customers in residential and commercial settings across the world. We are at the forefront of innovation, working with cutting-edge technology to provide smart and connected, sustainable water solutions for the future. Watts is a leading brand with a quality reputation — and we have a dynamic future ahead.​

Scope of Position

Watts is seeking a highly motivated, experienced accounting professional to join its corporate accounting team in the role of Financial Reporting Manager. The selected candidate will oversee all aspects of the Corporate General Ledger monthly close, certain technical accounting areas such as leasing, stock compensation and impairment assessments, which are managed centrally and allocated globally, and drive the quarterly and annual external financial reporting (10-Qs and 10-K) and technical accounting projects, together with the other members of the controllership team. The Financial Reporting Manager will initiate & promote continuous improvement across all aspects of corporate and technical accounting, including monthly close, forecast analysis, technical accounting documentation and SEC reporting. The candidate will be an integral leader in the Watts’ internal quarterly reporting, external reporting and technical accounting. This role reports directly to the Senior Director of Financial Reporting and manages a Corporate Senior Accountant. This position will also have direct exposure to the Company’s Chief Accounting Officer, financial leadership and other business leaders throughout the organization.

This role is hybrid and is based in Andover, MA.

Primary Job Duties and Responsibilities

• Ensure that company financial reports are prepared in compliance with policies and directives, US GAAP and SEC reporting requirements

• Oversee the corporate close process (review of monthly journal entries and reconciliations) and work to streamline and standardize global processes where possible

• Review Corporate budget and forecasting to ensure appropriate and understand variances to actuals

• Manage the accounting (including technical interpretations and disclosure) and administration of the Company’s stock-based compensation expense and budget

• Manage the global accounting, controls and process requirements (including technical interpretations and disclosure) for the Company’s lease accounting (ASC 842) and software (Lease Query)

• Prepare and review disclosures for the quarterly and annual financial filings with the SEC and providing audit documentation to the external auditors (e.g. acquisitions, goodwill assessment, segment reporting, debt modification, hedge accounting) and review of financial statements (e.g. cash flow statement)

• Prepare SEC and GAAP checklists for quarterly/year-end close;

• Review XBRL for filings and assist in ongoing maintenance of XBRL compliance

• Provide technical support to members of the Finance and Accounting team on the treatment of accounting issues in compliance with U.S. GAAP and SEC requirements; Research, evaluate and document technical accounting implications of complex or non-standard transactions

• Maintain accounting policies, including updating or developing new policies to ensure consistency and compliance with GAAP and SEC requirements; Provide ongoing training of Company’s accounting policies

• Assist in the implementation of new policies and procedures or accounting standards, provide training to the organization, and present to the CAO as required

• Manage relationship with external/internal auditors and consultants

• Participate in SOX compliance efforts in relation to internal financial reporting controls

• Conduct balance sheet reviews at operating units; including quarterly balance sheet and cash flow analytical reviews

• Assist in special projects, such as registration statements, debt offerings, 8K filings, etc.

• Recommend and assist in the implementation of process improvements as appropriate, to simplify, standardize and streamline external reporting

• Assist FP&A, Treasury, and Investor Relation functions with ad-hoc projects on an as needed basis

Qualifications

• BS Degree in Accounting; CPA required

• Requires minimum of 6 years of experience either in a Big 4 public accounting firm or persons with a combination of public accounting and industry experience with financial consolidation/SEC reporting experience preferred

• Solid working knowledge of US GAAP and SEC reporting requirements

• Superior organization skills, ability to multi-task and re-arrange priorities as needed, monitor workflow in meeting critical deadline and project timetables

• Strong work ethic and sense of personal responsibility for work outcomes

• Excellent system and computer skills, with strong working knowledge of Microsoft Office, experience with Hyperion Financial Management (HFM), SAP S4 Hana, Equity Edge (E*TRADE) and major ERP systems preferred

• Requires strong communication and interpersonal skills, with ability to work effectively with all levels and functions in the organization

• Must be able to maintain a high degree of confidentiality

• Must be flexible, organized and able to accurately work under time constraints and deadlines

• Experience with large multi-national, manufacturing, public corporations

• Demonstrated leadership ability

• Self-motivated, strong attention to detail and ability to work both independently and in a team environment

• Excellent problem solving, communication, interpersonal, analytical and time management skills required

• Proficient in Microsoft Office suite of products

• Effective writing, presentation and communication skills

General Applicable Company Competencies

• Commitment to Watts’ values of integrity, accountability, continuous improvement and innovation, and transparency.

• Punctuality and dependability.

• Ability to be flexible and adapt to changing work priorities and stressful conditions.

• Adherence to all personnel policies, procedures, and standards of process as implemented by Watts.

• Maintain productive and collaborative relationships with other Watts employees.

• Adherence to Watts’ seven cultural beliefs: Growth Mindset, Customer-Focused Innovation, Constant Communication, Clear Goals, Collaborate Globally, Be Inclusive, and Take Action.

Working Conditions

While performing the job duties, you will be working in an office environment. You will be required to work in the office at the North Andover, MA location three days per week (Monday – Wednesday) and can work remotely two days per week (Thursday and Friday).

Physical Requirements Specific physical abilities required for this position include, but are not limited to:

• Ability to remain seated/standing at a desk or workstation for extended periods.

• Ability to perform repetitive tasks like typing on a keyboard or using a mouse for extended periods.

• Ability to read documents and communicate clearly and effectively, both orally and in writing, with management, coworkers, and third parties.

• Ability to operate standard office equipment such as computers, printers, phones, and copiers.

• Ability to physically move around the office and occasionally lift and carry light objects, such as office supplies, documents, or small equipment.

Pay Range

The expected salary range for this position is $138,000 - $147,000 yearly. Actual compensation will be dependent upon individual skills, experience, qualifications, and applicable laws.

Nothing in this job description restricts Watts’ right to assign or reassign duties, responsibilities, or change the working hours/conditions for this position at any time. This position is “at will,” which means that either the employee or Watts may terminate the employment relationship at any time, with or without notice, and for any lawful reason.

#LIHybrid

Watts in it for you

Please note that the followingbenefits apply only to permanent roles and do not apply to internship roles.

• Competitive compensation based on your skills, qualifications and experience
• Comprehensive medical and dental coverage, retirement benefits
• Family building benefits, including paid maternity/paternity leave
• 10 paid holidays and Paid Time Off
• Continued professional development opportunities and educational reimbursement
• Additional perks such as fitness reimbursements and employee discount programs
• Learn more about our benefit offerings here: https://tapintowattsbenefits.com/

How we work:

At Watts, our culture is team-oriented and supportive. Employees here genuinely care about the quality of their work, and about each other. Our people are the heart of who we are and contribute to our longevity and continued success.

And this is a place where you can have a big career. No matter your role, there are opportunities for learning and development, and your daily contributions make a meaningful impact on the lives of people who use our products and on the future of water.

Watts is committed to equal employment opportunity. We follow a policy of administering all employment decisions and personnel actions without regard to race, color, religion, creed, sex, pregnancy, national origin, sexual orientation, age, physical or mental disability, genetic disposition or carrier status, marital status, military or veteran status, minorities, or any other category protected under applicable federal, state, or local law. Consistent with the obligations of state and federal law, Watts will make reasonable accommodations for qualified individuals with disabilities. Any employee who needs a reasonable accommodation should contact Human Resources.