Staff Accountant in Glenview, IL at ITW

Date Posted: 6/18/2018

Job Snapshot

  • Employee Type:
  • Location:
    155 Harlem Avenue
    Glenview, IL
  • Job Type:
  • Experience:
    1 to 3 years
  • Date Posted:

Job Description

Magnaflux, a division of Illinois Tool Works (Fortune 250), is a leading worldwide supplier of magnetic particle, dye penetrant inspection equipment and associated chemical products used for applications within the Aerospace, Automotive, Oil & Gas and Energy markets.

With over 85 years in the industry, Magnaflux offers employees a competitive salary and comprehensive benefit package, including medical, dental and life insurance, 401(k) with immediate company match, and much more!

The Staff Accountant is primarily responsible for all Accounts Payable, Accruals, Cash, Fixed Assets, and Pre-paid accounts on the Balance Sheet.  Direct responsibility for month-end journal entries and account reconciliations for related GL accounts.  Month-end reporting and analysis relating to inventory, costing, accounts payable and accruals is also required, as well as participation in quarterly physical inventories. Preparation of monthly analysis and reporting related to P&L accounts such as Overhead expenses and Cost of sales.                    

Essential Job Responsibilities:

  • Ensure all fixed asset, cash, and other accrual transactions are properly recorded in accordance with corporate policy, procedures and GAAP.

    ·       Process all payments including checks, ACH, wire, PCard and T&E expense reimbursements within deadlines and proper authorizations.

    ·       Reconcile and process intercompany payments through the netting system.

    ·       Reconcile freight invoices and prepare monthly freight analysis.

    ·       Ensure inventory is being relieved at correct costs are allocated properly to each product line.

    ·       Prepare monthly cost of sales, ppv and margin reports for each product line.

    ·       Record monthly journal entries and prepare all account reconciliations relating to accounts payable, accruals, cash, pre-paids and fixed assets.

    ·       Review departmental reports on a monthly basis to ensure expenses are recorded properly.

    ·       Occasional travel (<10%) required.

    ·       Additional duties as assigned.


Job Requirements

Education and Qualifications:

  • Bachelor's degree in Accounting or Finance

  • CPA qualification (or working towards) is preferred

  • 1-3 years' relevant accounting experience

  • Proficient in mathematical skills pertaining to financial and logical calculations

  • Proficient in Microsoft Excel

  • Ability to write reports, business correspondences, and procedural manuals

  • Strong written and verbal communication skills; ability to effectively present information and respond to questions from employees and customers

  • Must possess a strong work ethic and the ability to work independently

  • Manufacturing experience preferred 

ITW Magnaflux 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.