Accounting Manager

Company Description

Why is ITW a great place to work?  We think and act like entrepreneurs, we embrace autonomy, make decisions, and take ownership.  We are always focused on helping our people reach their full potential.  Most importantly, we value our 5 core values that drive our decision making; integrity, respect, trust, shared risk, simplicity.   

We offer competitive pay and benefits that supplement your life both inside & outside of work. We support your community involvement from financial gifts with our 3-for-1 matching program and volunteering opportunities with our strong partnerships with United Way and David Speer Academy.  ITW Automotive Body & Fuel NA manufactures interior components and fuel housings for OEMs and their top-tier suppliers.  Are you up to the challenge? 

The Body and Fuel Division, within the Illinois Tool Work (ITW) Automotive segment, drives profitability by leveraging its innovative solutions and application engineering. Our Body and Fuel products are made up of fuel housings, door and safety handles, innovative Capless solutions, and EV charge ports for major OEMs around the world. We have multiple manufacturing locations across North America: Frankfort, Mokena, and Richton Park, Illinois as well as Saltillo and Aguascalientes, Mexico.

As an Enterprise, Illinois Tool Works Inc. (NYSE: ITW) is a global Fortune 200 diversified manufacturing company that delivers specialized expertise, innovative thinking, and value-added products to meet critical customer needs in a variety of industries.   ITW, with approximately 14.1 billion dollars in global revenues, operates 7 major segments with businesses in 57 countries that employ approximately 45,000 women and men. These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 16,000 active patents. 

Job Description

The Accounting Manager will drive effective and accurate financial processes for the Automotive Body and Fuel division, adhering to the ITW policies, controls, and GAAP. Support the Controller with forecasting, reporting and analysis needs. Understand and champion ITW business philosophies for accounting and reporting activities. Lead the financial analysis and forecasting processes. Manage the accounting personnel and support their responsibilities. 

Core Responsibilities

• Ensure accurate and timely reporting of business and financial information in compliance with ITW policies and US GAAP.  Develop and maintain financial reporting processes that exceed internal and external audit requirements.  Ensure documentation and monitoring of internal controls in accordance with ITW policies.
• Performs detailed analysis on accounting information monitoring records completeness and pertinence while identifying potential problems, defines and implements corrective actions, and follows up to ensure data is complete and correct.
• Coordinate monthly close with others to ensure timely preparation and issuance of financial statements in accordance with GAAP.
• Responsible for timely entering of monthly and quarterly Financials, and Tax Kit into ITW Corporate reporting software.
• Performs and reviews monthly internal controls, account reconciliations, cost function, bank reconciliation, Intercompany payment and other reconciliations.
• Assist controller in internal or external audit.
• Supports the controller in preparation of Quarterly Reviews, Long-Range Plan and Annual Plan and business modeling and analysis.
• Performs duties as Procurement Card Coordinator (issue, cancel cards, adjust credit limits); answers questions, conducts training.
• Business Partner to all leadership members about finance related topics.
• Coaching, development and performance reviews for Accounting staff.
• Responsible for the continuous process improvements (toolbox) and evaluating opportunities to further enhance the accounting function.
• Other duties as assigned.

Qualifications

• Bachelor’s degree in accounting or Finance, required; MBA and/or CPA, strongly preferred
• 5+ years of accounting experience, preferably in a manufacturing environment
• Strong knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles 
• Ability to analyze financial data and prepare financial reports, statements and projections.
• Demonstrated experience (at least 3 years) managing a direct staff of accounting professionals
• An intelligent professional with outstanding written and verbal communication skills, presentation skills and interpersonal skills who can relate to all people at all levels. 
• Must be able to multi-task, work under pressure and meet deadlines required<