Accounting Manager
2 weeks ago
Position Summary
As a key member of the finance team, the Accounting Manager reports to the Division Controller and holds responsibility over all accounting activities for the division. The Accounting Manager is responsible for driving the timely preparation of financial statements, reviewing, and monitoring internal controls, preparation of budgets and reporting of financial results to the appropriate level within the organization. The Accounting Manager manages a team of four and, as a finance business partner, builds effective relationships to achieve division results, goals, and objectives. This position will be based primarily at the Glenview, IL location, with required travel to the Itasca, IL location.
Primary Responsibilities
Financial Planning & ReportingCoordinate and direct the financial planning, budgeting, and reporting for the organization.
Prepare or direct preparation of financial statements, business reports, annual budgets and/or reports required by corporate and/or regulatory agencies.
Ensure an accurate and timely monthly, quarterly and year end close in strict accordance with ITW Financial reporting policies (USGAAP).
Effectively communicate and coordinate the exchange of financial information to key stakeholders.
Financial Records, Systems, Processes & Internal ControlsUnderstand and apply ITW financial policies consistently and effectively. Ensures that accurate financial records and strong internal controls are in place and being followed.
Coordinate internal and external audits as well as other corporate requests.
Understand key process areas across the organization and their related accounting impact – inventory management, AP, AR, cash management, accruals/reserves, manufacturing process, revenue, payroll, etc.
Financial Analysis / Continuous ImprovementAnalyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed. Perform analytical reviews of data and explain variances against plan, outlook, and prior year.
Partner with cross functional teams to review financial results and work together to identify key trends, risks, and opportunities.
Apply the ITW Principles to eliminate complexity and improve profitability of the company. Participate in teams and play a lead role in the collection and analysis of data for these projects.
Team Management & DevelopmentManage a team consisting of accountants, AR, and AP.
Identify, lead, and develop talent to maximize individual, team and organizational effectiveness and results. Fosters a culture of engagement and accountability.
Coach through feedback, development planning and performance management.
Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
Competencies:
Financial Leadership- Understands and applies ITW financial management concepts consistently, accurately and effectively.
Critical/Analytical Thinking- Analytical and inquisitive – able to explain the story behind the numbers, understand trends, and discern when something does not make sense. Is able to understand how decisions impact the financials and provide guidance as appropriate.
People Leadership– Manages & develops talent, affects change, and gains the respect of others.
Communication- Demonstrates effective communication skills and escalates issues as appropriate.
Project Management/Toolbox- Uses 80/20 thinking and sound judgment to analyze processes, and identify and act upon opportunities to reduce complexity.
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