Senior Accountant

ITW • Itasca, IL • 6h ago

Job Description:

Company Overview

ITW (NYSE:ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenue totaling $15.9 billion in 2024. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW has 44,000+ dedicated colleagues in operations around the world who thrive in the company's unique decentralized and entrepreneurial culture.

Hi-Cone, a division of ITW, is a leading supplier of plastic-based multi-packaging systems for global beer, soft drink and general products industries. We are advocates of packaging alternatives that generate sustained margin contributions for our customers and major retailers. Our customers demand maximum quality, exceptional value, market performances and innovation. We meet those demands by offering cost-effective minimal packaging responsive to environmental concerns.

POSITION SUMMARY

As a key member of the finance team, the Senior Accountant reports to the US Controller and is responsible for recording the accounting entries in the General Ledger (G/L), driving the timely preparation of financial statements, reviewing and monitoring internal controls, preparation and analysis of departmental spend through the budget process, reporting and communicating financial results to appropriate levels within the organization, and identify and implement opportunities to simplify processes and procedures. The Senior Accountant supports the US Controller as well as the broader leadership team to achieve Division goals and objectives.

PRIMARY RESPONSIBILITIES

Financial Planning & Reporting

Recording accounting entries in the G/L (banks, purchases, sales, accruals...)

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

Effectively communicate and coordinate the exchange of financial information to key stakeholders

Additional planning & reporting requests as required

Financial Records & Internal Controls

Manage compliance to accounting policies and procedures to ensure accurate and timely financial statements

Understand and apply ITW financial policies consistently and effectively

Ensure that complete and accurate financial records and strong internal controls are in place and being followed

Create, update, and oversee standard operating procedures (SOPs) and process documentation to support consistency, compliance, and training within the accounting department

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 explain 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

Act as a key contributor in the upcoming ERP implementation project, partnering with cross-functional teams to ensure accurate financial data migration, efficient workflows, and effective system adoption.

Apply ITW Principles (80/20, Product Line Simplification, Segmentation, In-lining, and Market Rate of Demand) to eliminate complexity and improve profitability of the company

Additional analysis requests as required

Team Collaboration & Development

Helps people in the business understand how their decisions impact results

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 to plan, implement and evaluate change

Serve as a role model to other team members, develop and motivates peers

Demonstrates a drive to grow and succeed

JOB REQUIREMENTS

Bachelor's degree in Accounting or Finance required, CPA preferred

4+ years of accounting experience including general and cost accounting, preferably in a manufacturing environment

Strong understanding and application of accounting principles/practices

Ability to demonstrate a strong analytical and inquisitive mindset

Must be able to multi-task, work under pressure and meet deadlines as required

Experience with P&L and Balance Sheet reporting

Working knowledge of ERP systems and advanced Microsoft Office software skills

Strong presentation and communication skills

Limited travel requirements

Compensation Information:

The salary range for this position is $95,000 - $115,000 annually. Actual compensation will be determined based on factors such as the candidate's skills, qualifications, experience, and geographic location (this range is for successful candidates in the Chicago, Illinois metro area), and may fall outside of the posted range in certain circumstances.

In addition to base salary, we offer a competitive benefits package. Full details of our benefit offerings can be found at https://myitwhr.com/.

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.

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