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Accounting Manager

4 months ago

Glenview, United States ITW Full time
Company Description

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.

Job Description

The Accounting Manager will drive effective and accurate financial processes for the Residential & Renovation division, adhering to the ITW policies, controls, and GAAP. Support the divisional leaders with forecasting, reporting and analysis needs. Understand and champion ITW business philosophies for accounting and reporting activities. Lead the financial analysis and forecasting processes. Manage the accounting personnel and support their responsibilities.

Core Responsibilities
  • Ensure accurate and timely reporting of business and financial information in compliance with ITW policies and US GAAP. Develop and maintain financial reporting processes that exceed internal and external audit requirements. Ensure documentation and monitoring of internal controls in accordance with ITW policies.
  • Manage the receivables and assigned staff accounting team members for a division with a high volume of customer and vendor transactions.
  • Facilitate and complete monthly close requirements and consolidation procedures including the management and diligent review of the accounting staff's work.
  • Effectively manage, communicate, and coordinate the exchange of financial information (plan, actual results, and outlook) to key stakeholders with in-depth knowledge of highlights and variances.
  • Support Division Controller and leadership team to achieve division goals and objectives, including the annual operating plan, long range strategic plans, capital investments and other ad hoc projects.
  • Identify, lead and develop talent to maximize individual, team and organizational effectiveness in meeting company goals. Fosters a culture of engagement and accountability.
  • Coordinate internal and external audits as well as other corporate requests.
  • Critical partners in overall ERP & Financial Data Management and will play a critical role in the implementation of all future business systems and tools.
  • Other duties as assigned.
Qualifications
  • Bachelor's degree in Accounting or Finance, required; MBA and/or CPA, strongly preferred
  • 5+ years of Accounting experience, preferably in a manufacturing environment
  • Strong knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
  • Ability to analyze financial data and prepare financial reports, statements and projections.
  • Demonstrated experience (at least 3 years) managing a direct staff of accounting professionals
  • An intelligent professional with outstanding written and verbal communication skills, presentation skills and interpersonal skills who can relate to all people at all levels.
  • Must be able to multi-task, work under pressure and meet deadlines required
  • Demonstrated accountability for results and understanding of the financial impact of decisions
  • Excellent knowledge of ERP and BI systems, Microsoft Office software


Additional Information

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Most time will be spent in an office environment. Occasionally the employee may be required to spend time in our local manufacturing sites. Certain personal protective equipment is required when in the manufacturing areas.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus. While performing the duties of this Job, the employee is regularly required to reach with hands and arms and talk or hear. The employee is frequently required to stand; walk; sit and use hands to finger, handle, or feel.

Additional Information:

ITW is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

All your information will be kept confidential according to EEO guidelines.

We do not accept unsolicited resumes. To be considered an applicant, please apply online to a specific job posting.

If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please click here for information on how to contact us directly.

ITW is an equal opportunity employer. We value our colleagues' unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.