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Cost Accountant

2 months ago

Greenville, United States Illinois Tool Works Full time

ITW Hartness: ITW Hartness is a world class secondary packaging equipment manufacturer headquartered in the beautiful suburbs of Greenville, SC. Founded on the premise of cutting-edge innovation and a relentless commitment to our customers, ITW Hartness’ world class equipment is designed to our customers’ goals of continuous improvement throughout the production process.ITW Hartness is proud to be a Division of Illinois Tool Works (ITW). ITW Description: Since ITW’s 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. ITW businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. The company has operations in 56 countries that employ more than 50,000 women and men who adhere to the highest ethical standards. ITW has 81 businesses divided into 7 Segments, which includes: Welding, Automotive OEM, Food Equipment Group, Construction Products, Polymers & Fluids, Test and Measurement & Electronics, and Specialty. Take this opportunity to join a successful and enthusiastic global team where you can make a significant impact immediately.You will enjoy a competitive salary and generous benefits that includes health, dental, life and LTD insurance, 401k (with match), and a 100% tuition reimbursement program for those who qualify.

Position Summary As a key member of the ITW Hartness Finance Team, the Cost Accountant will report to the Accounting Manager and be responsible for performing cost accounting duties related to cost of sales and margin reporting, inventory valuation and reporting, physical inventory counts, standard cost rolls, journal entry and account reconciliation preparation, and variance analysis as well as other finance duties, as needed. This team member will be a member of a mid-size team of accounting specialists and will also collaborate with colleagues across functional areas to help the organization meet its goals. Key Responsibilities Cost Accounting Maintain the Cost of Sales report and distribute monthly Prepare inventory and cost accounting journal entries and account reconciliations Perform material standard cost rolls weekly and annually Perform and support material variance analysis Maintain accurate inventory valuation Calculate and maintain an Inventory reserve in compliance with Corporate policy Calculate and report Inventory-related performance metrics Support annual Physical inventory count and related reporting Maintain and provide accurate cost and margin data to support business forecasting Support the annual calculation and implementation of Labor and Overhead application rates Implement improvements with respect to Cost Accounting processes General Duties Apply ITW principles (80/20, Simplification, Segmentation) to eliminate complexity, simplify processes, and increase efficiency and reporting accuracy Support forecasting accuracy and strategic decision-making Support the implementation of a new ERP system (Microsoft Dynamics 365) Perform other finance-related projects and tasks as needed to support organizational objectives Job Requirements BS/BA degree in Accounting or Finance 3+ years of general ledger and/or cost accounting experience Experience in manufacturing preferred Experience in a standard cost environment preferred AS400 experience a plus Strong interpersonal and time management skills Positive attitude and team player mentality Strong attention to detail and ability to meet deadlines Highest level of integrity and honesty in line with ITW Hartness values Proficient in Microsoft Office and an ability to learn new software

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