Manager, Corporate Accounting

8 hours ago

Glenview IL United States Illinois Tool Works Inc. Full time

Since its founding more than 100 years ago, ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on the development of innovative solutions–most of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for the innovative products we provide.

ITW’s differentiated business model is composed of a set of unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture. These capabilities are unmistakably ITW—and key to our longevity and strong performance.

ITW’s products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.

Today, ITW (NYSE: ITW) is a Fortune 300 company that employs nearly 45,000 people with operations in 51 countries with headquarters in Glenview, IL.


ITW is seeking a talented, highly motivated individual to join its Corporate Accounting Team as a Manager. The Manager will have a strong understanding of financial processes within a large multinational corporate environment, strong written and verbal communication skills, demonstrated analytical skills, and be able to work independently. The Manager will report to the Director, Corporate Accounting and has significant interaction/collaboration with External Reporting, Treasury, Tax, Legal, Risk Management and HR/Payroll.

Expected Core Responsibilities

  • Lead/coordinate/review the month-end/year-end close process for the Corporate ledger in compliance with company policy and GAAP
  • Supervise accounts payable process including weekly payment runs, vendor management, 1099 reporting and unclaimed property filings
  • Manage ERP (Great Plains) and report writer (JetReports) including system updates, security management, G/L maintenance and year end close routines
  • Manage equity-related activity including stock compensation, preparation of 10K disclosures and basic/dilutive share calculations
  • Participate in annual budget process including consolidation and analysis of Corporate departments
  • Liaise with Tax department to manage world-wide ITW Intellectual Property billing program
  • Assist in preparation and review of quarterly reporting package for Corporate balance sheet including variance analysis
  • Establish and maintain effective SOX internal controls over financial processes
  • Lead assigned projects to implement best practices and increase efficiency of department procedures and processes
  • Ad-hoc analysis of department expenditures and results as requested
  • Supervise, lead and develop team of 3 accounting professionals, fostering a culture of continuous improvement and professional development

Minimum Qualifications

  • Bachelor’s degree in Accounting is required, CPA a plus
  • 8+ years of experience in Corporate Accounting
  • Experience with equity compensation accounting, preferred not required
  • Strong working knowledge of GAAP
  • Experience handling highly sensitive information with integrity and maintaining a high level of confidentiality and professionalism
  • Ability to be in the office 5 days a week at the Glenview corporate campus with flexibility on hours.
  • High level of proficiency in utilizing Excel, including advanced formulas and pivot tables; demonstrated proficiency with Microsoft Dynamics GP and Oracle HFM a plus
  • Effective time management skills to manage multiple priorities and deadlines simultaneously
  • Excellent verbal and written communication skills and the ability to work in a diverse and multicultural environment are essential
  • Strong analytical skills and business/financial acumen
  • Attention to detail, with high standards of accuracy and review
  • Ability to execute projects efficiently and effectively with limited supervision
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