Senior Analyst, Tax Accounting

ITW-posted 3 days ago
Full-time • Mid Level
Onsite • Glenview, IL
5,001-10,000 employees
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Since its founding more than 100 years ago, ITW has become one of the world's leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on developing innovative solutions-most of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for our innovative products. ITW's differentiated business model comprises unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture. These capabilities are unmistakably ITW—and key to our longevity and strong performance. ITW's products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution. ITW (NYSE: ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of $15.9 billion in 2024. and employs 44,000 people operating in 51 countries. Our headquarters are in Glenview, IL. include a fitness center at no cost to the employees, a cafe, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities. More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/ As a Senior Analyst in Tax Accounting, you will play a critical role in ensuring accurate income tax reporting and compliance under ASC 740. This position offers exposure to complex tax and accounting issues, collaboration across departments, and opportunities for career growth within a dynamic global organization.

  • Prepare and review US GAAP quarterly and annual income tax provision calculations.
  • Prepare ASC 740 analysis related to valuation allowances, reserves, etc.
  • Maintain the inventory of various tax attributes, including book ax differences, Net Operating Losses, and Capital Loss Carryforwards.
  • Compute and analyze provision to return adjustments.
  • Work with management on forecasting the impact of transactions on cash paid for taxes and the effective tax rate.
  • Prepare income tax footnotes and disclosures for 10Q and 10K filings.
  • Assist with the preparation of journal entries for tax planning transactions.
  • Update and adhere to quarterly and annual SOX procedures and control objectives.
  • Drive process improvements by leveraging automation and technology tools.
  • Work with internal and external auditors on interim and annual audits.
  • A bachelor's degree in Accounting or Finance is required.
  • CPA, or MSA preferred.
  • 2-4 years of Financial Accounting and Consolidation experience.
  • Strong analytical and documentation skills.
  • Ability to work 5 days a week onsite at ITW's Glenview corporate campus, with flexibility on hours.
  • Strong project management skills with the ability to multitask and prioritize competing projects to meet deadlines.
  • Ability to apply and adapt gained experiences and knowledge to new situations.
  • Strong verbal and written communication skills with a collaborative mindset.
  • Computer proficiency with Microsoft Office and HFM Consolidation Software.
  • fitness center at no cost to the employees
  • cafe
  • outdoor volleyball courts
  • walking trails around the facility
  • employee resource groups
  • corporate discounts
  • dry cleaning services
  • covered/outdoor parking
  • medical, dental, vision, disability and life insurance programs
  • 401k plan with both a company match and additional employer contribution
  • Flexible Spending Accounts
  • Health Savings Accounts
  • Employee Assistance Program
  • Commuter benefits
  • Adoption Assistance
  • Educational Assistance
  • Parental Leave
  • vacation, sick time, and 11 Paid Holidays
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