Job Description:
Accounting Manager
14050 West Lambs Lane, Libertyville, IL 60048, USA
Full-time
Company Description
ITW's products and solutions are at work all over the world - in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. You are never, whether you know it or not, more than a few steps from an innovative ITW solution. In the words of a Mal Pancoast quote, at ITW, "You get paid to impact the world."
ITW Construction provides a variety of fastening systems and truss products for the commercial, residential, and remodeling/renovation segments. With products manufactured at locations around the globe serving markets in North America, Europe, Asia, New Zealand and Australia.
The Global Tool Unit (GTU) is a part of ITW's Construction Segment. The GTU innovates, develops, and manufactures best-in-class Power Fastening Systems for the global construction market. Our highly differentiated tools are specified to be used in a variety of applications including wood framing, wood trim, and steel to concrete installations.
In the past 3 years, we have undertaken a substantial reorganization of the division throughout our two production facilities and two engineering development centers, with an increased focus on productivity and cultural change. These changes have likewise been supported by a greater focus on efficiency and effectiveness in terms of dollars invested.
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 five and, as the local business partner, builds effective relationships to achieve division results, goals, and objectives. This position will be based at 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 (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, Banking Activities, 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 to identify development opportunities and areas where improvement is needed. Perform analytical reviews of data and explains variances against plan, outlook, and prior year.
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 of five.
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.
Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
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.
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.
Job Requirements:
Bachelor's degree in Accounting/Finance required. MBA a plus, CPA preferred.
5-7 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.
Minimum 2 years of managerial experience.
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:
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.
Most time will be spent in an office environment and on construction sites. Occasionally the employee may be required to spend time in manufacturing sites. Certain personal protective equipment is required when in the manufacturing areas and construction sites.
Travel up to 5% may be required
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.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral visions, depth perception and ability to adjust focus. While performing the duties of this job, the employee is regularly required to reach with hands and arms and talk or hear. The employee is frequently required to stand, walk, sit and use hands to finger, handle or feel.
Compensation Information:
The annual base salary range for this position is?$100,000 - 130,000 annually. Please note that this salary information serves as a general guideline. The company considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, key skills, as well as market and business considerations.
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.
