Job Description:
ITW Specialty Films, a division of Illinois Tool Works (ITW), is a global leader in specialty films, supporting the Secure ID, Financial Card, and Medical markets. Leveraging ITW's 80/20 business model, we emphasize innovation and customer-back solutions. We are driven by core values of Integrity, Respect, Trust, Shared Risk, and Simplicity in a collaborative, growth-oriented environment.
ITW has a comprehensive and competitive benefits package, including paid time off programs and health and welfare programs. More information can be found here: https://myitwhr.com/
POSITION SUMMARY:
The Accounting Manager is a key business partner located at our Kalkaska, MI facility supporting achievement of divisional results, goals and objectives. The role is responsible to drive timely preparation of financial statements, review and monitor internal controls, prepare budgets, and report financial results for the site. The Accounting Manager oversees one team member and reports to the Division Controller.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Financial Planning & Reporting
Coordinate and direct the financial planning, budgeting, and reporting for the site.
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, Bank reconciliations), Corporate Credit Cards, Fixed Asset, Payroll, and other administrative activities as assigned.
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 Improveme nt
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:
Bachelor's degree in Accounting/Finance required. Manufacturing experience 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.
WORK ENVIRONMENT & PHYSICAL DEMANDS:
Work is normally performed in an office environment with frequent sitting, computer use, and verbal and written communication. Occasional movement through production areas.
Travel requirements - Up to 5% to our NA facilities
