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Accounting Manager

ITW

Accounting Manager

Chicago Heights, IL +1 location
Full Time
Paid
  • Responsibilities

    Job Description

    The Accounting Manager drives the timely preparation of financial statements, reviews and monitors internal controls, prepares budgets, and reports financial results to the appropriate level within the organization.   As a key business partner, the Accounting Manager builds effective relationships to achieve division results, goals, and objectives.  The role has multi-site responsibility (80% Kalkaska, MI and 20% Chicago Heights, IL), and remotely manages a team of one.  This position is based at the Chicago Heights, IL facility and reports to the site Controller.

    ESSENTIAL DUTIES AND 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 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 labor & overhead standards 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 Implementation.
    • 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 one.
    • ­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 plan, implement, and evaluate change.

     

  • Qualifications

    Qualifications

    POSITION SKILLS AND QUALIFICATIONS

    • Bachelor’s degree in Accounting/Finance 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 following strict application of accounting principles.
    • Adept at creating budgets from the ground up and effectively managing to the established budget.
    • 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

    ITW offers a competitive compensation and benefits package, including competitively priced medical and dental coverage the first of the month following hire, free life insurance, paid vacation and holidays, and immediate 401k matching. Additional retirement savings contribution (above and beyond 401k) is awarded at no cost after one year.

    ITW Specialty Films 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 process due to your disability, please email hrmfg@cfcintl.com to request assistance. No other requests will be acknowledged.

    _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.  _

  • Locations
    Chicago Heights, IL • Park City, UT