Inventory/Cost Accountant

ITW•Chippewa Falls, WI

1d•$70,000 - $85,000

About The Position

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 Inventory/Cost Accountant manages divisional inventory costing, Bill of Materials integrity, and accurate valuation of raw materials in close collaboration with Operations. This role drives month-end inventory accounting processes while ensuring compliance, audit readiness, and continuous improvement through data analytics and automation tools.

Requirements

Bachelor’s degree in accounting, finance, or related field
3+ years of progressive experience in manufacturing accounting/finance
Strong knowledge of cost accounting principles, standard costing, BOM management, variance analysis, and inventory valuation methods
Advanced proficiency in Excel; hands-on experience with Power Query, Power BI, or similar BI tools for reporting and automation
Experience with ERP systems in inventory, costing, and general ledger modules
Excellent analytical, problem-solving, and communication skills

Responsibilities

Manage Divisional Bill of Materials entries and data integrity
Maintain accurate valuation of raw materials in conjunction with Operations Team
Perform (observe) cycle count analysis, monitor discrepancies, and recommend improvements
Update and manage cost updates and standards roll
Prepare various general ledger entries related to inventory
Prepare account reconciliations, variance analysis, and various accrual calculations
Inventory grading (active & slow moving) and Shrink support
Assist Accounting Management with Divisional Physical Inventory
Monitor compliance with company policies and internal control procedures
Participates in preparing audit materials, including any documentation, and ensures that all entries are entered into the system properly
Serving as a backup and/or assisting, as needed, to the Staff Accountant/Senior Accountant
Backup to interface function between ERP & General Ledger System
Back up to fixed asset management and capital projects and reporting
Drive continuous improvement and process efficiency by leveraging automation and data tools such as Power Query, Power BI, and other available systems
Other duties as assigned