Accountant

Job Description:

ITW Description:

Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified, Fortune 200 manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune Magazine’s most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW’s revenues totaled $16.1 billion in 2023.

Division Description

ITW Electrostatics, a division of Illinois Tool Works (NYSE: ITW), part of Test, Measurement and Electronics segment is industry leading manufacturer and designer of static control devices for equipment makers and end users. Electrostatics division revenues are ~$250MM per year and it is headquartered in Hatfield, PA USA. Division has operations in USA, Europe, China, and Asia, including nine manufacturing plants and 500 employees. Electrostatics division brands include: SimcoION, Eltex, Pillar Technologies, Teknek, Opto Diode, Vortec, Paxton, AEGIS).

Position Summary:

A key member of the finance team, the Accountant works closely with the Financial Controller along with the AR/AP Support member to ensure timely and accurate reporting of the financial data while providing information to the management team in support of strategic planning. The Accountant is also responsible for preparing, analyzing, and reporting weekly, monthly reports to leadership. This position is also responsible for assisting in the month-end closing process while maintaining reconciliations and support documentation.

Essential Duties and Responsibilities:

• Assist in maintaining accounts/financials according to ITW standards.
• Assist in providing availability of accounting information for management reference.
• Prepare and post journal entries, assemble supporting documentation, and track the contents of accounts, specifically prepaid and accrual accounts
• Prepare and update the detailed schedule of fixed assets and accumulated depreciation
• Reconcile the fixed asset subsidiary ledger to the summary-level account in the general ledger
• Track Construction in Process and capitalize assets put into service
• Review travel and purchasing card spend, ensuring proper documentation and approval. Post expenses to appropriate accounts.
• Have knowledge of sales and use tax and accrue use tax as necessary.
• Compile and report monthly Sales Tax data.
• Assist in monthly reconciling of balance sheet accounts.
• Assist Accounting Support with AR/AP functions.
• Assist with Payroll Processing
• Assist in other month-end close procedures as assigned.
• Assist in spending analysis and second sourcing initiatives
• Manage and track companywide strategic sourcing initiatives
• Assist with Payroll Processing
• Assist in internal and external audits from various agencies.
• Assist the Controller in solving routine or standard problems.
• Works with the Controller to develop new procedures in the spirit of continuous improvement.
• Train and act as the alternate for certain financial procedures when necessary
• Responsible for adhering to all Company, department, quality, and safety procedures.
• Other duties as deemed necessary to meet the needs of the business.

Qualifications:

• Bachelor’s degree in appropriate field of study or equivalent work experience.
• 2 to 3 years of financial and accounting experience is required.
• Accounting experience within a manufacturing environment with corporate reporting is preferred but not required.
• Demonstrated experience in Accounts Payable, Accounts Receivable, Fixed Assets, etc.
• Working knowledge of accounting principles and applications, including but not limited to accrual accounting and budgeting.
• Accounting experience in a manufacturing environment with corporate reporting preferred but not required.

Skills and proficiencies:

• Strong analytical and problem-solving skills.
• Deadline and detail oriented.
• Strong organizational and time management skills.
• Strong written and oral communication skills.
• Advanced skills in Microsoft Excel.
• Intermediate understanding of accounting and reporting standards, gaining experience in researching as it relates to accounting issues.