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Sr. Accounting Manager in Newburyport, MA at ITW

Date Posted: 5/20/2019

Job Snapshot

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Job Description


Position Summary:


As a key member of the finance team, the US Senior Accounting Manager reports to the Division Controller and holds responsibility over all accounting activities in the Division’s North American units, Foils US (Newburyport) and TTR US (Chicago Heights). The Senior 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 Senior Accounting Manager manages a team of three and, as the local business partner, builds effective partnerships with the global finance team and the local leadership team to achieve division results, goals and objectives.  The successful candidate will have a solid understanding of IT business systems and will possess an interest in taking on a future role with global responsibilities as his/her career progresses.

This position will be based at the Newburyport, MA location.


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 in strict accordance with ITW Financial reporting policies (USGAAP).

·         Effectively communicate and coordinate the exchange of financial information to key stakeholders (global finance team and local leadership team).

·         Advise management team on short-term and long-term financial objectives, policies and actions; prepare ad-hoc analyses for local and Division management for use in decision making.

·         Support Division Controller and leadership team to achieve division goals and objectives.

·         Manage annual budgeting and forecasting processes along with monthly outlook updates for US units.


Financial Records, Systems, Processes & Internal Controls

·         Manage compliance to accounting policies and procedures to ensure accurate and timely financial statements.

·         Direct and manage Inventory, including a full understanding of the BOM’s and Product Costing, along with the Annual Standard Cost update, A/P, A/R, Banking Activities (ACH, Positive Pay, Imaging solutions, Bank reconciliations), Corporate Credit Cards, Fixed Asset, Payroll, and other administrative activities as assigned.

·         Support ERP Management.

·         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 in order 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.
  • 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.

·         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


Job Requirements:


  • Bachelor’s degree in Accounting/Finance or relevant experience required, MBA a plus, CPA preferred.
  • Minimum 5 years of accounting experience including general and cost accounting with responsibility for Inventory Control, P&L Management, and Balance Sheet Management required; significant and relevant experience in a manufacturing environment required. 
  • Excellent data management skills – proven effectiveness with Power Pivot, Query, or any other kind of Tabular Model.
  • Experience with multiple Accounting ERP systems beneficial.
  • Adept at creating budgets from the ground up.
  • Strong analytical understanding and strict application of accounting principles.
  • Ability to draw conclusions from financial data, and clearly communicate/guide organization in decision making.
  • ·         Ability to build effective partnerships with cross-functional team members at all levels within the organization to achieve operational/financial goals.

    • Demonstrated accountability for results and understanding of the financial impact of decisions.
    • Leadership experience managing direct and/or indirect staff.
    • Possess qualities that include integrity, organizational values, leadership and strategic thinking.
    • Must be able to multi-task, work under pressure and meet deadlines required.
    • Excellent written and verbal communication skills.
    • Travel requirements – Up to 25% to other North American facilities.

    ITW is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.


    If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system due to your disability, please email Barbara McAleer at bmcaleer@itwgraphics,com to request assistance. No other requests will be acknowledged