Job Description

** Position Summary**

As a key member of the finance team, the Accounting Manager reports to the Division Controller and holds responsibility over all accounting activities for the division. The 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 Accounting Manager manages a team of four and, as a finance business partner, builds effective relationships to achieve division results, goals, and objectives. This position will be based primarily at the Glenview, IL location, with required travel to the Itasca, IL 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.

• Financial Records, Systems, Processes & Internal Controls

  • Understand and apply ITW financial policies consistently and effectively. Ensures that accurate financial records and strong internal controls are in place and being followed.
  • Coordinate internal and external audits as well as other corporate requests.
  • Understand key process areas across the organization and their related accounting impact – inventory management, AP, AR, cash management, accruals/reserves, manufacturing process, revenue, payroll, etc.

• 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 explain variances against plan, outlook, and prior year.
  • Partner with cross functional teams to review financial results and work together to identify key trends, risks, and opportunities.
  • Apply the ITW Principles 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 consisting of accountants, AR, and AP.
  • 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.
  • Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.

Competencies:

Financial Leadership- Understands and applies ITW financial management concepts consistently, accurately and effectively.

Critical/Analytical Thinking- Analytical and inquisitive – able to explain the story behind the numbers, understand trends, and discern when something does not make sense. Is able to understand how decisions impact the financials and provide guidance as appropriate.

People Leadership– Manages & develops talent, affects change, and gains the respect of others.

Communication- Demonstrates effective communication skills and escalates issues as appropriate.

Project Management/Toolbox- Uses 80/20 thinking and sound judgment to analyze processes, and identify and act upon opportunities to reduce complexity.

Qualifications

• Bachelor’s degree in Accounting required. CPA preferred, MBA a plus.
• 5+ years of accounting experience including general and cost accounting; experience in P&L management, manufacturing accounting, budgeting strongly preferred.
• Minimum 2 years of managerial experience.
• Proven track record of effectively partnering with cross-functional team members at all levels, translating data into useful information about the business, and influencing strategic initiatives to drive operational/financial results.
• Ability to generate respect and trust from staff and external stakeholders along with the ability to work collaboratively with staff/colleagues to create a results-driven, team-oriented environment.
• Excellent time management, prioritization abilities with streamlining/simplification mindset, and strong project management skills.
• Excellent written and verbal communication skills.

Additional Information

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 regularly required to stand; walk; kneel; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee is required to climb or balance. The employee must regularly lift and/or move up to 25 pounds, frequently lift and/or move up to 50 pounds, and occasionally lift and/or move up to 60 pounds.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Good working conditions involving occasional exposure to noise and chemicals, but with none present to the extent of being disagreeable.

ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.