Commercial Contract & Risk Specialist

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 The Commercial Contracts & Risk Specialist serves as a key business partner to the Sales organization, supporting the review, negotiation, and management of customer commercial terms and conditions. This role acts as the primary liaison between Sales, Legal, Commercial Excellence, Risk Management, Trade Compliance, IT, and other stakeholders to facilitate timely contract review, risk assessment, and resolution of non-standard contractual requirements. The successful candidate will help drive commercial efficiency by ensuring customer contracts align with company policies, risk tolerance, and business objectives while enabling the Sales team to secure orders and maintain customer relationships. This position requires strong commercial judgment, attention to detail, excellent communication skills, and the ability to manage multiple priorities in a fast-paced environment. Essential Responsibilities Key Responsibilities Contract Review & Commercial Risk Assessment Perform first-pass reviews of customer contracts, purchase orders, master service agreements, framework agreements, and related commercial terms and conditions. Identify contractual risks and deviations from company standards, including liability, indemnification, warranty, insurance, payment terms, performance guarantees, intellectual property, and compliance requirements. Evaluate contract language for alignment with FT500 policies, corporate governance requirements, and established commercial guidelines. Prepare summaries of key commercial risks and recommendations for internal stakeholders. Contract Negotiation Support Partner with Sales teams to support negotiations involving customer terms and conditions. Assist in developing commercially acceptable alternatives to non-standard contractual provisions. Coordinate reviews and negotiations with Legal, Commercial Excellence, Risk Management, Trade Compliance, IT, Finance, and other functional stakeholders. Facilitate resolution of contractual issues while balancing risk management and business objectives. Track negotiation progress and ensure timely follow-up with internal and external stakeholders. Contract Lifecycle Management Manage contracts throughout their lifecycle, from initial review through execution, implementation, renewal, amendment, and close-out. Maintain contract records, approvals, correspondence, and supporting documentation. Monitor key contractual milestones, obligations, deliverables, and expiration dates. Support compliance with contractual requirements and internal governance processes. Approval & Governance Support Coordinate and facilitate Delegation of Authority (DOA) approvals for contractual deviations and commercial exceptions. Assist Sales teams in preparing approval packages and supporting documentation. Manage review requests requiring input from Legal, Risk Management, Trade Compliance, IT Security, Finance, or other stakeholders. Ensure approvals are obtained and documented in accordance with company policies and audit requirements. Commercial Process & Systems Support Develop expertise in ePRISM, PSF workflows, FT500 processes, and related commercial systems. Support PSF order audits and verification of required approvals and documentation. Assist Sales teams in navigating internal commercial processes and governance requirements. Identify opportunities to improve contract review processes, workflow efficiency, and user experience. Cross-Functional Collaboration Serve as the primary point of coordination between Sales and support functions during contract review and negotiation activities. Promote alignment among stakeholders to accelerate contract resolution and order execution. Provide guidance and training to Sales teams on contract fundamentals, commercial risk awareness, and company contracting processes. Position Requirements Qualifications Education Bachelor's degree in Business Administration, Finance, Legal Studies, Contract Management, Engineering, or a related field. Professional certifications in contract management, commercial management, or risk management are desirable. Experience 5+ years of experience in contract management, commercial operations, legal operations, sales operations, procurement, risk management, or a related field. Experience reviewing and negotiating commercial contracts, purchase orders, and customer terms and conditions. Familiarity with industrial, manufacturing, engineering, energy, or capital equipment industries is preferred. Experience working with cross-functional teams in a matrixed organization. Skills & Competencies Strong understanding of commercial contract structures, risk allocation, and negotiation principles. Ability to identify and assess contractual and commercial risks. Strong organizational skills with the ability to manage multiple projects and deadlines simultaneously. Excellent communication, stakeholder management, and problem-solving skills. Ability to interpret contract language and communicate risks in practical business terms. Proficiency with Microsoft Office Suite and contract management systems. Experience with ERP, CRM, and workflow management platforms is preferred. 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 Between $81,300 and $121,500, depending on experience. #J-18808-Ljbffr ITT Inc. - English US