Sr Accounting Manager in Westminster, MA at ITW

Date Posted: 1/30/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    180 State Road East
    Westminster, MA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/30/2020

Job Description


Role Summary: The Sr. Accounting Manager primarily responsible for managing and performing the finance and accounting functions of the manufacturing plant located at Westminster, MA.  The Sr. Accounting Manager will perform assignments in accordance with ITW Policy, procedures and generally accepted accounting principles. This position will report to the Division Controller located in Troy, MI.


Essential Duties and Responsibilities:


  • Prepare and/or maintain monthly financial and consolidated statements, supporting schedules, balance sheets, general ledgers and other financial records involving cash, plant payroll, accounts receivables, accounts payables, and inventories which include raw materials, finished goods, and work in process.
  • Collaborate strategic sourcing and supply chain essential activities with division and corporate resources to drive lower material costs and improve efficiencies within inventory management goals.
  • Perform special projects and analysis including variance trend analysis, capital project requests, purchasing savings and certain cost analysis.  Performs other related analytical duties as required.
  • Supervise Accounts Payable/Accounts Receivable which report to Sr. Accounting Manager.
  • Support operations during annual physical inventory and annual cost roll process.
  • Drive execution of the ITW business model (80/20) demonstrated through ‘best in class’ performance, measured through the EWM metrics / financial & operational performance indicators.

Additional Responsibilities:


  • Continuous improvement implementation in accounting systems and processes to enhance responsiveness to operations management needs.
  • Work closely with plant Operations, Engineering, Purchasing, Quality, HR and IT in support of the business.
  • Manage cadence of monthly outlooking exercise, holding the organization accountable to a +/- 2% variance vs. prior outlook.
  • Actively engage with the operations team, challenging status quo and proactively identifying and partnering in efficiency improvements resulting in YOY improvement in conversion cost.
  • Work with commercial, engineering & marketing teams to drive margin improvements through 80/20 differentiated pricing and VA/VE.
  • Develop predictive modeling tools necessary to forecast/improve margin (Pricing and BB analysis), operational inefficiencies, and O/H spend.

Job Requirements

Requirements:
 

Key Competencies:

  • Collaboration and strong communication skills with all levels of the organization.

  • Sense of urgency and good prioritization skills to meet deadlines.

  • Advanced thinking and problem solving and team work skills.

  • Strong Self and Team Management skills: orienting new employees on the job, plan/prioritize work of others, assign work, manage performance.

  • Understand and adhere to IATF 16949 / ISO14001 procedures specific to department. 


Education & Experience:


  • Bachelor’s degree in Accountancy or Finance required.
  • 3-5 years Finance and reporting experience in a manufacturing environment.
  • Technical Skills:  Advanced MS Excel skills; Microsoft Office; XPPS/Infor Ln or ERP system experience a plus. 

Physical Requirements:

  • Must be visually able to use data entry terminal for extended periods.

  • Light physical effort in using PC keyboard, handling department reports, etc.

  • Must be able to sit for extended periods of time.

  • Must be able to lift up to 30 lbs.

  • Travel is required, as necessary to perform the job functions.

No relocation available

 


Automotive OEM
ITW’s Automotive OEM segment designs and manufactures innovative fasteners, interior and exterior components, and powertrain and braking systems for OEMs and their top-tier suppliers. ITW’s automotive businesses have a high level of customer intimacy, enabling customer-back innovation to address complex needs such as vehicle efficiency, safety, and quality. Deep market knowledge and strong manufacturing process capabilities allow ITW’s automotive businesses to be nimble, niche problem solvers for their sophisticated customers.