Accounting Intern (Rising Junior) - Summer 2024

Company Description

Are you looking to gain experience in Marketing with a Fortune 200 company?

ITW Residential & Renovation division of the Construction Products business segment is a global provider of innovative fastening solutions that improve contractor productivity and building quality in the residential, commercial, and renovation construction industries.  Our products are positioned as market leaders and category leading brands include wood to wood fastening systems (Paslode), structural wood fasteners (GRK Fasteners™), concrete anchoring systems (Tapcon®, Red Head®, Ramset®), underlayment screws (Rock-On®, Backer-On®), self-drilling screws (Teks®) and drywall anchoring systems (E-Z Ancor®).  ITW Residential & Renovation, one of the largest divisions of ITW, strives to exceed top and bottom-line growth expectations.

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. 

Job Description

Position Summary:

As part of the ITW Residential & Renovation Finance team, the Accounting Intern will be responsible for Accounting tasks and projects as assigned.  This internship is designed to give a student hands-on exposure to a wide variety of analytical and specialized Accounting responsibilities including: Accounts Receivable, Cash Posting, Accounts Payable, and Financial Reporting.

Core Responsibilities:

• Automate current manual reports using internal software.
• Assist with preparation of monthly financial reporting.
• Maintaining records, systems, customer accounts, and generating reports for accounting. 
• Support of Accounts Payable and Accounts Receivable, and division audit of inventory process as needed. 

Expected Learnings:

• Financial analysis and reporting
• Data analysis and use of metrics
• Inventory Management
• Overhead budgeting 

Qualifications

Job Requirements:

• Rising Junior (graduating 2026) pursuing a Bachelor’s degree in Finance, Accounting or related field
• Proficiency in Microsoft office with an emphasis on Excel (pivot tables, xlookup, sumif, etc.).
• Coursework and/or understanding of Generally Accepted Accounting Principles (GAAP), budgeting, balance sheets, cost control principles, and Federal and State financial regulations.
• Ability to analyze, summarize and interpret financial data.
• Hardworking and enthusiastic personality

Job Competencies:

• Critical Thinking & Decision Making: Ability to make logical and sound decisions and to know when to act independently and when to seek assistance.
• Curiosity & Learning Orientation:  Actively identifying new areas for learning and applying newly gained knowledge/skill on the job.
• Drive to Excel:  Driven to succeed and willing to go the extra mile.  Perseveres in the face of obstacles and challenges.
• Interpersonal Skills & communication:  Ability to work collaboratively and partner well with others, express oneself verbally and in writing, and listen well.

Additional Information

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential duties and responsibilities of this position, within typical manufacturing plant working conditions.

While performing the duties of this position, the employee is occasionally exposed to fumes, airborne particles, climate variances and moving mechanical equipment typically found in a manufacturing environment. The noise level in the work environment (office) is usually low, but much higher when exposed to the manufacturing areas. Certain personal protective equipment is required when in the manufacturing areas. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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.

While performing the duties of this job, the employee is frequently required to sit, stand, talk, hear, reach with hands and arms and regularly required to walk.  Specific vision abilities requir