Accounts Receivable Specialist

Job Description:

Founded in 1912, ITW (NYSE: ITW) is a global industrial company built around a differentiated and proprietary business model. The company’s seven industry-leading segments leverage the ITW Business Model to generate solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized, entrepreneurial culture.

Division Description

ITW Deltar Fasteners is a large division within the Automotive Segment and serves all the major OEMs and their tier suppliers with plastic fasteners. Locations include Frankfort, IL, Chippewa Falls, WI and our Commercial Sales and Engineering in Troy, MI. 

The division drives profitability by leveraging its innovative solutions and application engineering.  In addition to ITW’s industry leading research and development capabilities, ITW Deltar Fasteners enhances our customers’ competitive advantage by:

• Maintaining advanced engineering and manufacturing facilities in NA.
• Exchanging product, process, and benchmarking information with sister units worldwide.
• Continually improving processes, material, and designs to ensure every product exceeds customer specifications while providing unparalleled value.

Position Summary

The Accounts Receivable Specialist will report to the AR Team Lead and will be responsible for a wide variety of analytical and specialized Accounting administrative support including customer account maintenance, credit monitoring, customer billings, maintaining records & systems, and generating reports for accounting.  In addition, this role includes the performance of detailed accounting to support and meet financial reporting and internal control requirements.

Primary Responsibilities

• Manage and perform Accounts Receivable functions including but not limited to account reconciliations, customer account maintenance, and performing collection efforts.
• Prepare and present credit/debit memos for approval to facilitate adjusting customers’ accounts for returns, shipping discrepancies, damaged goods, price differences, etc.
• Monitor and track possible unclaimed property for annual reporting in compliance with ITW policies and procedures.
• Responsible for daily customer billings and delivery of invoices for product shipments, tooling, and other miscellaneous charges.
• Prepare various account reconciliations, variance analyses, and various accrual calculations.
• Perform month-end closing procedures and assist with annual tax kit and audit reviews.
• Other duties as assigned.

Position Skills and Experience Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree or equivalent experience within accounting
• 3 years of progressive accounts receivable experience
• Strong knowledge of full-cycle AR processes, collection methods, ERP systems
• Proficiency in Excel and PowerBI
• Experience with expense management systems (Concur) and month-end close procedures
• Excellent analytical, problem-solving, and communication skills with ability to resolve vendor/internal discrepancies
• Detail-oriented with strong organizational skills and a proactive approach to process improvement

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.