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Senior Staff Accountant

3 months ago

Glenview, Illinois, United States Illinois Tool Works Full time


ITW (Illinois Tool Works Inc.) is a Fortune 200 company and is one of the world's leading diversified manufacturers of specialized industrial equipment, automotive components, consumables, and related service businesses.

ITW businesses serve local customers and markets around the globe, with operations in 55 countries and an employee base of more than 46,000 women and men who adhere to the highest ethical standards.

These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 17,000 granted and pending patents.

ITW Residential and Renovation Construction provides Industry leading, premium branded, cordless nailing systems and fastening solutions, that deliver superior productivity and reliability to meet the needs of professional remodelers and residential framers, with a widely available product portfolio at their preferred retail or dealer outlets The 80 focus for the division is aggressive market growth while sustaining profitability.

ITW offers its employees a path for advancement, a competitive salary, and a comprehensive benefits package designed to help employees care for themselves, their families, and their futures.


The Senior Staff Accountant will be responsible for working collaboratively with members of the Finance, Sales, Marketing and Operations teams to provide timely financial analysis to aid in making business decisions.

Additionally, this role will be responsible for general accounting and timely month-end close processes including sales, rebates, balance sheet reconciliations and ad-hoc analysis as required.

This role will effectively communicate and coordinate the exchange of financial information across the different departments with in-depth knowledge to guide effective business decisions that deliver profitable growth.

Core Responsibilities
Review, analyze, and report on financial performance on monthly, quarterly, and YTD basis.
Monitor and report on key business metrics.

Assist in successfully performing month-end journal entries, reconcile balance sheet accounts, analyze variances, and complete bridge schedules and spending analyses.

Provide financial support and be a business partner to commercial and operations functions. Support includes price-cost trends, cost improvement opportunities, and profitability analysis of products, suppliers, programs and special projects.

Utilize Power BI dashboards and other data analytics models in order to increase financial data transparency and usability across the division and enhance decision making.

Assist in preparation of annual operation plan, long range strategic plans, monthly outlooks, quarterly reviews and other special analysis.
Understand and apply ITW financial policies consistently and effectively. Ensure that accurate financial records and strong internal controls are in place and being followed.
Assist and/or lead assigned projects focusing on continuous improvement by applying the ITW toolbox principles.
Other duties as assigned
Bachelor's degree in Accounting or Finance required or equivalent advanced degree. CPA or MBA preferred
Minimum of 3 years of Accounting or Finance experience
Advanced MS Excel skill, Power BI or similar database experience
Cost Accounting and Manufacturing experience preferred
Strong business communication and excellent analytical skills, including the ability to analyze raw data and apply creative/innovative analysis, and the capability to form key, succinct, and actionable insights and recommendations
Collaborative and highly communicative, self-directed with high orientation to teamwork

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