Accounting Manager in Itasca, IL at ITW Specialty Products

Date Posted: 3/18/2018

Job Snapshot

Job Description

Description Position at Hi-Cone

Job Description



Job Title:

Accounting Manager

Job Location:

Itasca, IL

Job Grade:


Company Overview:

ITW is a fortune 200 diversified, industrial manufacturing company founded on innovation, teamwork and a strong entrepreneurial spirit. For over 100 years, ITW Employees have kept this spirit alive. Within our culture of respect and shared risk-taking, our employees have the creative freedom and the ITW resources to pursue ideas that lead to customer-focused solutions. The company has operations in 57 countries that employ more than 50,000 women and men who adhere to the highest ethical standards.  Together, we are ITW, a company dedicated to creating opportunities to learn, grow, and build your career. 

Hi-Cone is a leading supplier of plastic-based multi-packaging systems for global beer, soft drink and general products industries. We are advocates of packaging alternatives that generate sustained margin contributions for our customers and major retailers. Our customers demand maximum quality, exceptional value, market performances and innovation. We meet those demands by offering cost-effective minimal packaging responsive to environmental concerns.

Position Summary:

As a key member of the finance team, the Accounting Manager reports to the Division Controller and 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 3 direct reports and supports the Division Controller and the broader leadership team to achieve division goals and objectives

Primary Responsibilities:

Financial Planning & Reporting

  • Coordinate 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
  • Effectively communicate and coordinate the exchange of financial information to key stakeholders
  • Advise management team on short-term and long-term financial objectives, policies and actions.
  • Support Division Controller and leadership team to achieve division goals and objectives

Financial Records & Internal Controls

  • Manage compliance to accounting policies and procedures to ensure accurate and timely financial statements
  • Understand and apply ITW financial policies consistently and effectively. Ensures that accurate financial records and strong internal controls are in place and being followed.
  • Document and monitor internal controls. Ensures that transactions are recorded in an efficient and timely manner.
  • Coordinate internal and external audits as well as other corporate requests.

Financial Analysis / Continuous Improvement

  • Analyze 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 explains variances against plan, outlook and prior year.
  • Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
  • Apply the ITW Principles (80/20, Product Line Simplification, Segmentation, In-lining, and Market Rate of Demand) 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 & Development

  • Manage a team of 3 employees
  • Identify, manage and develop talent to maximize individual, team and organizational effectiveness.  Fosters a culture of engagement and accountability.
  • Coach through feedback, development planning and performance management.
  • Provide training to new and existing staff and support them in their career goals.
  • Use effective change management skills to effectively to plan, implement and evaluate change.

Job Requirements:

  • Bachelor’s degree in Accounting or Finance required, MBA a plus, CPA preferred
  • 7+ years of accounting experience including general and cost accounting, preferably in a manufacturing environment. 
  • People leadership experience managing a direct and/or indirect staff.
  • Strong understanding and application of accounting principles/practices
  • Ability to analyze financial data and complete financial reporting
  • Excellent communication, written and presentation skills
  • Must be able to multi-task, work under pressure and meet deadlines required
  • Demonstrated accountability for results and understanding of the financial impact of decisions
  • Working knowledge of ERP systems and Microsoft Office software
  • Strong analytical and forecasting skills, including price management and market analysis
  • Limited travel requirements