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Financial Analyst

2 months ago

Troy, Ohio, United States Illinois Tool Works Full time
Illinois Tool Works

Company Overview:
Illinois Tool Works (ITW) is a prominent global leader in multi-industrial manufacturing, recognized for its innovative solutions and operational excellence. With a strong revenue base, ITW operates across various sectors, ensuring customer satisfaction through high-quality products and services.

Position Summary:
The role of the Financial Analyst involves maintaining accurate financial records and ensuring the availability of essential accounting information for management. This includes preparing financial statements, general ledgers, and tracking financial transactions.

Key Responsibilities:
1. Manage the Accounts Payable process, including invoice processing and payment methods such as checks and electronic transfers.
2. Conduct daily bank verifications to ensure accurate transaction recording.
3. Record daily journal entries and manage recurring monthly entries.
4. Process timesheets for non-exempt employees and prepare bi-weekly journal entries for business units, including month-end accrual calculations.
5. Oversee fixed asset accounting and general accounting tasks.
6. Prepare monthly reconciliations for balance sheet accounts.
7. Process expense reports and ensure compliance with financial reporting policies and internal controls.
8. Analyze accounts to understand fluctuations and provide insights to management.
9. Ensure timely reporting during month-end closing processes.
10. Perform any additional duties as required within the scope of the role.

Qualifications:
- Bachelor's Degree in Accounting, Finance, or a related field.
- A minimum of 1 year of relevant experience in accounting or finance.
- Strong attention to detail and accuracy.
- Self-motivated with excellent communication and writing skills.
- Proficient in Microsoft Office, particularly Excel and Access, as well as ERP systems.