Illinois Tool Works

Accounting Manager

Illinois Tool Works • $88K — $105K *
Legal & Accounting
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in accounting or finance roles
  • Strong understanding of GAAP and financial reporting standards
  • Proven leadership skills with a focus on team development
  • Experience in financial analysis and performance metrics
  • Ability to drive process improvement and standardization
  • Familiarity with inventory accounting and cost management
  • Excellent communication and collaboration skills with cross-functional teams

Responsibilities

  • Serve as steward for the Division's financial controls and reporting accuracy.
  • Lead day-to-day accounting and reporting activities to ensure compliance with policies.
  • Manage and develop accounting team, promoting a culture of improvement and accountability.
  • Provide financial leadership for the month-end close and account reconciliations.
  • Prepare and review comprehensive financial reports while providing actionable insights.
  • Conduct variance analysis and communicate findings to understand business drivers.
  • Collaborate with operations to identify and implement productivity and cost-saving opportunities.

Benefits

  • Opportunities for professional growth and development
  • Supportive culture promoting continuous improvement
  • Access to leadership development initiatives
  • Collaboration with cross-functional teams on strategic projects
  • Involvement in operational excellence initiatives
Full Job Description
Job Description:

Serve as the steward of the Division's financial control environment, ensuring accurate financial reporting, compliance with ITW policies and GAAP, and sustainable accounting processes.
Lead the day-to-day accounting and financial reporting activities for the Division.
Manage and develop accounting team members, fostering a culture of accountability, engagement, continuous improvement and professional growth.
Provide financial leadership for month-end close, balance sheet integrity, account reconciliations, and financial reporting processes.
Lead the preparation and review of monthly, quarterly, and annual financial reporting requirements, ensuring the integrity of both ITW enterprise reporting and internal StampTech management reporting while providing analysis and insights that drive business performance and informed decision-making.
Partner closely with Operations Controller to complete monthly variance analysis of financial and operational performance compared to Outlook, Annual Plan, and prior year results, partnering with Operations, Commercial, and Finance leadership to understand business drivers, communicate insights, and identify opportunities for improvement.
Partner with the Operations Controller and Commercial Finance Manager to ensure consistency between management reporting, financial reporting (FRIDA), forecasting processes, and business performance metrics.
Support monthly Outlooks, Annual Plans, and Long-Range Plans through accurate financial reporting, accounting insights, variance analysis, and stewardship of key financial assumptions.

Partner with Operations, Supply Chain, and Commercial teams to identify opportunities for productivity improvements, cost reduction, and working capital optimization.
Lead inventory accounting, inventory grading, standard cost management, cost roll activities, physical inventory processes, and inventory control initiatives.
Support capital expenditure approval, tracking, and post-investment analysis.
Lead internal and external audit activities and serve as a steward of financial control compliance.
Drive process simplification and standardization across accounting activities, leveraging 80/20 principles to improve efficiency and effectiveness.
Develop and enhance financial processes, systems, and reporting capabilities to support the Division's growth and operational objectives.
Develop accounting and finance talent through coaching, mentoring, succession planning, cross-training, and leadership development initiatives that strengthen organizational capability and business continuity, while establishing the Accounting Manager role as a key leadership development position for future enterprise finance and operational leadership opportunities.
Champion ITW Toolbox methodologies and support operational excellence initiatives across the organization.

About Illinois Tool Works

ITW is an industrial manufacturing company that specializes in the fields of industrial machinery, engineering, operations, sales, marketing, finance, and accounting. It's in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which they live and work, the cars they drive, and the mobile devices they rely on. It was founded in 1912 and headquartered in Glenview Nas, Illinois.

Illinois Tool Works Careers

Join the dynamic team at Illinois Tool Works (ITW), a global leader in diversified manufacturing, where innovation and excellence drive us forward. ITW offers unparalleled job opportunities, fostering a culture of growth and leadership in the industry.

Work You’ll Do

At Illinois Tool Works, you will be part of a professional community that thrives on creativity and innovation. Our employees are equipped with the skills needed to succeed and are provided with endless opportunities for professional growth. Engage in work that matters, with projects that transform industries and enhance futures.

Explore Career Paths

Whether you're seeking an internship, a graduate opportunity, or a seasoned professional position, ITW offers a range of career paths across various departments. Our team benefits from a supportive and diverse working environment where every member’s contribution is valued.

Innovate and Lead

Join a team where innovation leads to revolutionary solutions in industries worldwide. At ITW, you will work alongside industry experts to develop new ideas and strategies that keep us at the forefront of technological advancements. Your career at ITW will be marked by a continuous journey of growth and leadership.

Develop Your Skills

With ITW’s commitment to professional development and diversity training, you will enhance your skills through targeted training programs and workshops. These opportunities not only boost your career but also ensure you stay competitive in the job market.

Be Part of Our Culture

ITW is dedicated to building a culture that respects and embraces diversity, encourages innovation, and fosters leadership. Our team is our greatest asset, and we believe in providing them with the benefits and resources they need to succeed both professionally and personally.

Networking and Professional Growth

Expand your professional network through ITW’s global presence and collaborative work environment. Engage with professionals across different sectors, gaining insights that can lead to significant career advancements. Our networking events and professional groups help you connect with key industry leaders and peers.

Join Our Team

Search for open positions that match your skills and interests on the ITW Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level.

Stay Connected

Keep up to date with the latest industry trends, company news, and career tips by following our careers blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences and career goals. Explore the opportunities at Illinois Tool Works today and discover how your expertise can help shape the future of our company and the industries we serve. Join us in our mission to achieve excellence through innovation and leadership.
Learn more about Illinois Tool Works
Size
45,000 employees
Market Cap
$68.1 billion
Industry
Net Income
$2.1 billion
Founded
1912
5 Year Trend
+1.2%
Revenue
$12.5 billion
NASDAQ

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