W

Watts Water

Backflow, valves, and smart water systems

Controller

Full-Time
$133k - $157k/yr
Senior
Bachelor's
Escondido, CA, USA
HybridThree days on-site per week in Escondido, with remote work on Thursdays and Fridays.
AccountingFinancial Accounting

About the job

Requirements
  • Bachelor's degree in Accounting, Finance, or a related field.
  • 7+ years of progressive accounting experience.
  • 2+ years of supervisory, team lead, close ownership, or accounting process leadership experience.
  • Strong general ledger accounting experience, including month-end close, account reconciliations, accruals, financial statement support, and balance sheet analysis.
  • Experience with manufacturing, SaaS sales, public corporations, or multi-entity accounting environments.
  • ERP system experience required.
  • Experience with internal controls, SOX compliance, audit support, and accounting policy adherence.
  • Strong understanding of GAAP and financial reporting requirements.
  • Excellent system and computer skills, with strong working knowledge of Microsoft Office.
  • Advanced Excel skills, including the ability to manipulate, analyze, and summarize large data sets.
  • Strong analytical and quantitative skills with the ability to identify trends, risks, and process improvement opportunities.
  • Superior organizational skills, with the ability to manage multiple priorities, meet critical deadlines, and lead work across recurring close and reporting cycles.
  • Self-motivated problem solver with strong attention to detail and the ability to work both independently and in a team environment.
  • Strong communication skills with the ability to partner effectively with accounting, finance, operations, and business leaders.
  • Excellent oral, written, presentation, and interpersonal skills are essential.
  • Must be flexible and able to accurately work under time constraints and deadlines.
  • Travel up to 10%.
Responsibilities
  • Lead the monthly, quarterly, and year-end close process, including management of close timelines, review of journal entries, account reconciliations, accruals, and supporting schedules.
  • Review and approve journal entries, account reconciliations, billing activity, collections reporting, and other accounting deliverables to ensure accuracy and compliance with company policies.
  • Oversee customer billing, collections, DSO performance, and accounts receivable aging to ensure timely invoicing, cash collection, and resolution of outstanding receivables.
  • Own daily, weekly, monthly, and quarterly batch posting and approval processes, ensuring transactions are posted accurately and timely.
  • Maintain ownership of assigned balance sheet accounts and ensure related reconciliations, reserves, and accounting judgments are properly documented and supported.
  • Support preparation and review of monthly, quarterly, and annual financial statements and related internal and external reporting requirements.
  • Participate in monthly reporting to HFM, including trial balance loads, supplemental data forms, and review of reporting accuracy.
  • Meet with team members and Finance leadership to review accounting results, balance sheet analytics, operating expense trends, and key financial reporting matters.
  • Track performance against budget and forecast and explain significant variances, risks, and opportunities.
  • Lead accounting process improvements and system enhancements within Epicor ERP, Avalara, HFM, Microsoft Office tools, and related finance systems.
  • Identify automation and efficiency opportunities and drive initiatives through completion to improve close efficiency, reporting quality, billing accuracy, and collections visibility.
  • Own and maintain SOX control documentation related to internal controls over financial reporting and support annual SOX testing requirements.
  • Monitor key internal controls, identify control gaps, and support remediation plans as needed.
  • Lead preparation and review of audit and tax schedules, including coordination of support for internal and external audit requests.
  • Perform monthly sales tax review and payments in Avalara.
  • Assist with the preparation, implementation, and ongoing maintenance of accounting policies and procedures.
  • Provide guidance, coaching, and support to accounting team members to promote accuracy, accountability, professional development, and timely completion of responsibilities.
  • Partner cross-functionally with Finance, Operations, Sales, Customer Service, and Shared Services teams to resolve accounting issues and improve end-to-end processes.
  • Support ad hoc accounting, reporting, analysis, compliance, and transformation projects as assigned.
Desired Qualifications
  • Epicor ERP experience.
  • CPA or CPA candidate qualification.
  • Public company accounting experience.
  • Prior experience supporting SOX controls in a public company environment.
  • Experience with Epicor ERP, Avalara, HFM, Power BI, or similar reporting and finance systems.
  • Experience leading process improvement, automation, ERP enhancement, or finance transformation initiatives.
  • Prior people management or direct supervisory experience.
  • Experience in manufacturing, recurring revenue, SaaS, or connected products business models.

About the company

Watts Water Technologies provides plumbing and water-management products and solutions to improve water quality, safety, and conservation across residential, commercial, industrial, and municipal settings. Its lineup includes backflow preventers, water pressure regulators, temperature and pressure relief valves, and other flow-control components, plus smart connected systems for remote monitoring. The company serves wholesalers, OEMs, and plumbing and heating contractors across Americas, Europe, and APAC/Middle East/Africa regions. Its goal is to deliver reliable, safe, and efficient water management that protects public health and conserves water.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

North Andover, Massachusetts

Founded

1874

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Simplify's Take

What believers are saying

  • Q2 2026 sales reached $763 million; organic growth hit 12%.
  • Management lifted 2026 sales guidance to 14%-17% reported after strong pricing.
  • Data-center revenue reached 8% of first-half sales, with mid-single-digit full-year contribution.

What critics are saying

  • Adjusted operating margin fell 60 basis points in Q2 2026 from acquisitions and tariffs.
  • Europe organic growth guided only 1%-4%, leaving the region stuck in weakness.
  • A 2027 data-center slowdown would expose Watts' reliance on a single growth engine.

What makes Watts Water unique

  • Watts' data-center products tripled in Q2 2026, exposing a faster-growing niche.
  • Superior Boiler, Haws, and Saudi Cast broaden heating, safety, and drainage coverage.
  • The 80/20 program prunes low-margin SKUs, sharpening pricing power and mix.

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Benefits

  • Health Insurance
  • Dental Insurance
  • 401(k) Retirement Plan
  • Parental Leave
  • Paid Holidays
  • Paid Vacation
  • Professional Development Budget
  • Tuition Reimbursement
  • Gym Membership
  • Employee Discounts

Growth & Insights and Company News

6 month growth

4%

1 year growth

15%

2 year growth

19%
Yahoo Finance
Oct 9th, 2026
Watts Water Technologies shares climb 14.1% as revenue grows 9.9% annually

Watts Water Technologies has seen its stock climb 14.1% to $347.11 per share over the past six months, closely tracking the S&P 500's 14.3% gain. The company, which manufactures water products and systems for residential, commercial, and industrial applications globally, has demonstrated strong financial performance. Over the last five years, Watts Water Technologies achieved revenue growth of 9.9% compounded annually. Its earnings per share grew even faster at 19.2% annually, indicating improved profitability. The company's free cash flow margin expanded by 6.5 percentage points over the same period, reaching 13.1% for the trailing 12 months. This improvement suggests the business has become less capital-intensive whilst maintaining strong cash generation. The stock currently trades at 26.1 times forward price-to-earnings ratio.

Yahoo Finance
Sep 7th, 2026
Watts Water hits record $763M quarterly sales as data centre demand surges but margins slip 60 basis points

Watts Water Technologies reported second quarter net sales of $763 million, up 19% on a reported basis and 12% organically year-over-year. Diluted earnings per share climbed to $3.53, up 17%, while adjusted diluted EPS reached $3.66, up 18%. Data center demand drove growth across all regions, particularly in APMEA, where sales jumped 57% reported and 31% organically. The company raised its full-year sales growth outlook to 14%-17% reported, or 8%-11% organically. However, operating margin fell 80 basis points to 20.2%, pressured by acquisition dilution, inflation, and tariffs. The Americas segment saw margins drop 150 basis points. Free cash flow for the first half declined to $98 million from $105 million a year earlier.

Yahoo Finance
Aug 8th, 2026
Watts Water Technologies raises 2026 guidance on data centre demand, shares jump 13%

Watts Water Technologies reported second-quarter 2026 results with sales rising to $763.2 million and net income reaching $118.3 million. The company raised its full-year 2026 guidance, now expecting reported sales growth of 14% to 17% and operating margin between 19.4% and 20%. Management attributed the improved outlook to surging data centre demand and favourable pricing. The company maintained its $0.63 quarterly dividend and completed a modest share repurchase. The raised guidance projects $3.0 billion revenue and $493.7 million earnings by 2029, requiring 6.0% yearly revenue growth. However, some analysts remain cautious about long-term pressure from mature markets and new technologies. The stock rose 13.4% following the announcement.

Yahoo Finance
Aug 7th, 2026
Watts jumps 25% in three months as data centre sales triple

Watts Water Technologies shares have risen 25.1% over three months, driven by strong second-quarter results and surging data centre demand. The company posted record Q2 sales of $763.2 million, up 18.6% year-over-year, with organic sales growing 12.2%. Adjusted earnings increased 18.4% to $3.66 per share, beating consensus estimates by 9.6%. Data centre sales more than tripled year-over-year and now represent 8% of first-half sales, up from 3% in 2025. Management raised its 2026 reported sales growth outlook to 14%–17% from 8%–12%. Organic growth guidance increased to 8%–11% from 2%–6%. Third-quarter organic growth is forecast to moderate to 5%–8%, suggesting the second quarter's pace may not repeat.

Yahoo Finance
Aug 5th, 2026
Watts Water Technologies beats Q2 revenue expectations with sales up 18.6% to $763M

Watts Water Technologies reported second quarter 2026 results that surpassed Wall Street expectations. The water management manufacturer posted revenue of $763.2 million, up 18.6% year on year and beating analyst estimates of $727.3 million by 4.9%. The company's non-GAAP earnings per share of $3.66 exceeded consensus estimates of $3.34 by 9.7%. Operating margin held steady at 20.2%, whilst free cash flow margin improved to 12% from 9.2% in the prior-year quarter. Organic revenue rose 12% year on year, outperforming expectations. Over the past five years, Watts Water has grown sales at a 9.9% compound annual growth rate. Analysts project revenue growth of 4.7% over the next 12 months, representing a deceleration from recent trends.