Accounting Manager in Westminster, MA at ITW

Date Posted: 10/1/2019

Job Snapshot

  • Employee Type:
  • Location:
    180 State Road East
    Westminster, MA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

The Accounting Manager is primarily responsible for managing and performing the finance and accounting functions of manufacturing plant located at Westminster, MA.  The 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.

Job Requirements


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.
  • Performs special projects and analysis including variance trend analysis, capital project requests, purchasing savings and certain cost analysis.  Performs other related analytical duties as required.
  • Support operations during annual physical inventory and annual cost roll process.
  • Continuous improvement implementation in accounting systems and processes to enhance responsiveness to operations management needs.
  • Supervise Accounts Payable/Account Receivable that reports to Accounting Manager.
  • Work closely with plant Operations, Engineering, Purchasing, Quality, HR and IT in support of the business.
  • Drive execution of the ITW business model (80/20) demonstrated through ‘best in class’ performance, measured through the EWM metrics / financial & operational performance indicators.
  • 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:

  • Bachelor’s degree in Accountancy or Finance required.
  • 3-5 years Finance and reporting experience in a manufacturing environment
  • Must have strong analytical skills, work with minimal supervision, be highly motivated
  • Excellent verbal and written communication skills
  • Able to effectively work in cross functional team environment.
  • Technical Skills:  Advanced MS Excel skills; Microsoft Office; XPPS/Infor Ln or ERP system experience a plus.

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.