Accounting Manager

ITW•Richton Park, IL

13d•$115,000 - $123,000

About The Position

The Accounting Manager leads the US accounting organization and drives accurate, timely, and well-controlled financial processes in compliance with ITW policies and US GAAP. The role owns end-to-end US accounting processes, including invoice-to-pay, bill-to-cash, and record-to-report; leads and develops the accounting team; and supports the Controller with forecasting, reporting, and analysis. The Accounting Manager understands and champions ITW’s business model for accounting and reporting. The position is responsible for accounting for US manufacturing operations, organized by process rather than product portfolio. It leads a US accounting team that currently includes Accounts Payable, Accounts Receivable, and Staff Accountants. The role owns and improves accounting processes, coordinates monthly close and reporting, oversees manufacturing accounting and internal controls, supports planning and analysis, and partners with leadership and plant management. It also oversees the Procurement Card program, while day-to-day administration is performed by the AP team. The position requires a bachelor’s degree in Accounting or Finance and at least seven years of accounting experience in a manufacturing environment. CPA certification is strongly preferred, and an MBA is preferred. Applicants should have at least three years of experience managing accounting professionals, along with strong knowledge of US GAAP, accounting and cost control, reporting, ERP and BI systems, and Microsoft Office, especially Excel. Compensation: $115,000–$123,000. ITW is an equal opportunity employer committed to fair treatment throughout the hiring process and employment relationship. Qualified applicants receive consideration without regard to protected characteristics under applicable law.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 7 years of accounting experience in a manufacturing environment, including cost accounting, inventory, and month-end close.
At least 3 years of experience managing a direct staff of accounting professionals, including coaching, developing, and leading a team through change.
Strong knowledge of finance, accounting, budgeting, and cost control principles, including US GAAP and internal control frameworks.
Ability to analyze financial data and prepare financial reports, statements, and projections.
Excellent knowledge of ERP and BI systems and Microsoft Office, especially Excel.
Outstanding written and verbal communication, presentation, and interpersonal skills, with the ability to relate to people at all levels.
Ability to multitask, work under pressure, and meet deadlines.
Demonstrated accountability for results and understanding of the financial impact of decisions.

Nice To Haves

CPA certification is strongly preferred.
MBA preferred.
Power BI preferred.

Responsibilities

Own the design, documentation, and performance of end-to-end US accounting processes, including clear handoffs, defined owners, and measurable KPIs.
Lead continuous process improvement, standardization, and automation opportunities across the accounting function.
Partner with the Controller and IT on ERP and database integration and on GL and financial statement reporting in Power BI.
Own the monthly close calendar and coordinate with plants and functional teams to ensure timely, accurate US GAAP financial statements.
Ensure timely entry of monthly and quarterly financials and the Tax Kit into ITW corporate reporting software, and review the team’s work.
Perform and review monthly account reconciliations, including bank, intercompany, cost function, and other reconciliations.
Analyze accounting information, monitor completeness and accuracy, identify potential problems, implement corrective actions, and follow through to resolution.
Ensure accurate accounting for inventory, standard cost and variances, reserves, and capitalization, working with plant finance and operations.
Ensure documentation, monitoring, and remediation of internal controls in accordance with ITW policies, including ICQ, the Top 13 Controls, and segregation of duties.
Develop and maintain financial reporting processes that meet or exceed internal and external audit requirements, and assist the Controller with internal and external audits.
Oversee the Procurement Card program, including policy, card issuance and cancellation, credit limits, periodic reviews, and training.
Support the Controller in preparing Quarterly Reviews, Long-Range Plan, Annual Plan, Critical Forecast, and business modeling and analysis.
Lead, coach, and develop accounting staff, including goal setting and performance reviews.
Build team resilience through cross-training, backup coverage, and documented procedures.
Act as a business partner to leadership team members and plant management on finance-related topics.
Perform other duties as assigned.