Accounts Receivable Supervisor

Company Description

ITW (Illinois Tool Works Inc.) is a Fortune 200 company and is one of the world’s leading diversified manufacturers of specialized industrial equipment, automotive components, consumables, and related service businesses. ITW businesses serve local customers and markets around the globe, with operations in 55 countries and an employee base of more than 46,000 women and men who adhere to the highest ethical standards. 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 17,000 granted and pending patents.

ITW Residential and Renovation Construction provides Industry leading, premium branded, cordless nailing systems and fastening solutions, that deliver superior productivity and reliability to meet the needs of professional remodelers and residential framers, with a widely available product portfolio at their preferred retail or dealer outlets The 80 focus for the division is aggressive market growth while sustaining profitability. ​ 

ITW offers its employees a path for advancement, a competitive salary, and a comprehensive benefits package designed to help employees care for themselves, their families, and their futures.

Job Description

The Residential & Renovation division is seeking an experienced AR Supervisor to lead our accounts receivable and compliance functions. This role oversees the AR team and processes to ensure accuracy, efficiency, and timely collections while developing team members and driving continuous improvement.

• Supervise and manage the daily operations of the accounts receivable team for a division with a high volume of customer transactions, including monitoring compliance metrics and managing collections
• Oversee month-end and year-end close procedures and execution around accounts receivable procedures including providing insights into Past Due Aging, and bad debt reserves.
• Monitor AR aging reports and deliver timely financial metrics through weekly, monthly, and ad-hoc reporting to management.
• Oversee the credit approval process and ensure adherence to credit policies
• Analyze gross-to-net deductions, ensuring accurate tracking, validation, and reconciliation of deductions. Develop and implement procedures to improve deduction management and reduce outstanding balances.
• Apply the ITW Principles to eliminate complexity and improve profitability of the company. Drive efficiencies and automation of processes by analyzing current practices and recommending and implementing changes
• Train, mentor, and develop AR team members, providing performance feedback and identifying opportunities for growth.
• Critical partner in ERP implementation of D365 business system and process documentation
• Serve as the liaison between AR, internal audit, finance, and external stakeholders to ensure compliance with financial policies and regulations.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3+ years of experience in accounts receivable, with at least 1 year in a supervisory role.
• Strong knowledge of accounting principles and AR processes.
• Excellent time management, prioritization abilities with streamlining/simplification mindset, and strong project management skills.
• Ability to lead, motivate, and manage a team effectively.
• Excellent communication, organizational, and problem-solving skills.
• Detail-oriented, with strong analytical skills and the ability to identify and resolve issues independently.
• Proficiency with accounting software (Microsoft Navision and D365 preferred) and advanced MS Excel skills

Additional Information

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.  Occasionally the employee may be required to spend time in manufacturing and construction sites.  Certain personal protective equipment is required when in the manufacturing areas and construction sites. 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