Accounting Manager in Des Plaines, IL at ITW

Date Posted: 3/6/2020

Job Snapshot

Job Description

Accounting Manager

Position Location:  Des Plaines, IL

ITW Description:

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries.  ITW businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets.  ITW, with approximately 14 billion dollars in global revenues, operates 7 major segments with businesses in 57 countries that employ more than 50,000 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 global patents and patent applications.

Division Description:

ITW Appliance Components serves all the major Appliance OEM in the US, Europe, Asia, and Mexico and their tier suppliers.  This global division manufactures mechanical, electromechanical and electrical components and assemblies with a variety of manufacturing processes.  We have locations in the US, China, Mexico, the UK, Slovenia, Hungary, Bulgaria and Italy.  ITW Industrial Components is a separate Business Unit within the ITW Appliance Division focused on industrial customers and applications.

The division drives profitability by leveraging its innovative solutions and application engineering.  In addition to ITW’s industry leading research and development capabilities, the division enhances our customers’ competitive advantage by . . .

  • Maintaining advanced global engineering and manufacturing facilities.
  • Identifying customer needs to provide continued added value solutions.
  • Continually improving processes, material and designs to ensure every solution exceeds customer expectations while providing unparalleled value.

Position Summary:

Responsible for all aspects of the general ledger from preparation and input of manual entries to verifying the accuracy of internal inputs. Troubleshooting of all general ledger issues and problems; along with preparation of financial statements. Responsible for the timely input of all monthly financials and related schedules to FRIDA consistent with ITW financial reporting policies and procedures.

Responsibilities:

  • Supervises Accounts Payable and Accounts Receivable personnel and daily activities. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; and addressing complaints and resolving problems.
  • Is accountable for the general ledger function including all manual journal entries and their formal documentation, calculation and support, as well as all direct postings into the GL to include those from internal sources (A/P, A/R, Inventory) and those from external locations. From these sources prepares and reviews for accuracy monthly and YTD Financial Statements. Is responsible for the reconciliation of GL accounts, preparation and the corresponding documentation of the account reconciliation binder.
  • Responsible for the accurate and timely preparation of supplemental data and information, and monthly input into ITW FRIDA.
  • Key financial team member interacting with and providing information and necessary explanations to internal and external audits as required.
  • Tracks expenses, verifies and corrects as needed, and reports costs and possible revenue for internal and external tooling. Determines and records gain/loss or capitalization amount. Interacts with appropriate personnel to present results consistent with the intentions of original CA.
  • Responsible for all aspects of Fixed Asset Accounting including maintaining FAS depreciation listings.
  • Responsible for all non-payroll tax preparation, documentation and reporting to include sales use tax, personal property tax and real estate taxes.
  • Prepares miscellaneous surveys, and checks the credit for new customers.
  • Responsible for other duties or projects as assigned by local management or referred by ITW Corporate Accounting.

Position Skills and Experience Requirements:

  • Bachelor's degree in Accounting/Business from a four-year college or university and five years of progressive accounting experience in a manufacturing environment.
  • Proficiency with Microsoft Excel and Microsoft Word.
  • Experience with navigating an ERP system. JD Edwards a plus.
  • Strong organizational and interpersonal skills.
  • Strong attention to detail.
  • Ability to respond to significant inquiries or complaints from customers, regulatory agencies, or members of the business community.
  • Effectively communicates and influences decisions at all levels of internal and external management and customers.

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.
  • While performing the duties of this job, the employee is frequently required to sit, stand, walk, talk or hear; uses hands to finger, handle, or touch objects or controls. Duties include data entry 80% of the time. The employee may lift, push or pull up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.