Parker Hannifin

Accounting Manager

Parker Hannifin • $73K — $121K *
Elgin, IL 60120In-Person
Legal & Accounting
8 - 10 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, or a related field
  • 8+ years of progressive accounting experience with leadership roles
  • Strong knowledge of U.S. GAAP/IFRS and internal control principles, including SOX
  • Experience in month-end close, account reconciliations, and financial statement preparation
  • Proficient in ERP systems (e.g., SAP, Oracle) and advanced Excel skills
  • Ability to develop processes and drive continuous improvement
  • Exceptional communication and collaboration skills within cross-functional teams
  • High attention to detail and strong analytical capabilities in a fast-paced environment.

Responsibilities

  • Complete rolling forecasts in collaboration with Business Unit Manager
  • Support weekly performance updates by location/value stream
  • Participate in annual planning and financial statement consolidation
  • Coordinate physical inventory assessments by location
  • Manage month-end processes, including inventory valuation and journal vouchers
  • Monitor month-end expenses for accrual certification
  • Consolidate financial statements and reports for the Business Unit
  • Analyze manufacturing and production variances
  • Update standard costs for the business unit
  • Maintain strong internal controls within the Business Unit
  • Prepare daily/weekly financial reports related to inventory
  • Conduct monthly balance sheet reconciliations

Benefits

  • Comprehensive medical, prescription, dental, and vision coverage
  • 401(k) Plan with 100% match on the first 5% of pay
  • Defined-contribution retirement plan with a 3% annual contribution
  • Career development opportunities and tuition reimbursement
  • Paid parental leave and short/long-term disability programs
  • Paid Time Off and Company-Paid Holidays
  • Supplemental benefits for identity protection and pet wellness, available at competitive rates
Full Job Description
Position Summary

As a member of the Finance team, the Accounting Manager facilitates accurate recordkeeping, timely transaction processing, and the preparation of financial reports, while supporting Business Unit operations and maintaining strong internal controls.

Responsibilities
  • Responsible for completing the rolling forecast in coordination with the Business Unit Manager
  • Support for updating information by location/value steam for weekly performance compared to forecast.
  • Active participation in the annual plan activities and financial statements consolidation for the business unit
  • Active participation and coordination of the physical inventory by location
  • Active participation and coordination of the fixed assets physical inventory by location
  • Responsible of the month end process and analysis for inventory valuation, stock transactions, sales adjustments, cost of sales, goods in transit, and others journal vouchers.
  • Monitor month end expenses by location for accrual certification
  • Consolidation of financial statements and reports for the Business Unit
  • Analysis of the manufacturing/ production variances
  • Responsible for updating the standard costs for the business unit
  • Responsible for maintaining internal controls in the Business Unit
  • Provide daily/weekly reports for financial analysis related to inventory
  • Quarterly internal control certification
  • Participation in SOX peer to peer audits
  • Preparation of journal vouchers
  • Monthly balance sheet account reconciliations
  • Participation in the Kaizen events for the Business Unit
  • Participation in High Performance Teams
  • Participation in Management team meetings
Qualifications
  • Bachelor degree in Accounting, Finance, or a related field
  • 8+ years of progressive accounting experience, including supervisory/people leadership experience
  • Strong knowledge of U.S. GAAP/IFRS and internal control principles (e.g., SOX, where applicable)
  • Experience with month-end close, account reconciliations, financial statement preparation, and variance analysis
  • Proficiency with ERP systems (e.g., SAP, Oracle) and strong Excel skills
  • Ability to develop and document processes, improve controls, and drive continuous improvement
  • Strong communication and collaboration skills to support cross functional/business unit needs
  • High attention to detail, strong analytical skills, and ability to meet deadlines in a fast-paced environment

Pay, Benefits, Work Schedule

Competitive Compensation
  • Pay Range: $73050 to $121500 annually
  • Participation in Annual Incentive Program
Benefit & Retirement Plans

Parker offers competitive benefit programs, including:
  • Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost.
  • 401(k) Plan with company matching contributions at 100% of the first 5% of pay.
  • Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay.
  • Career development and tuition reimbursement.
  • Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you.
  • Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates.
  • Paid Time Off and Company-Paid Holidays.

About Parker Hannifin

Parker Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets. They are also demonstrating how their interconnected portfolio of motion and control technologies is critical to enabling a cleaner and sustainable world.

Parker Hannifin Careers

Join the vibrant team at Parker Hannifin, a global leader in motion and control technologies, and be part of a company known for its innovative approach and commitment to excellence. At Parker Hannifin, we offer a wide range of job opportunities that allow professionals to advance their careers in an environment that fosters growth, leadership, and diversity.

Work You’ll Do

At Parker Hannifin, every position contributes to our mission of solving the world’s greatest engineering challenges. Our team is composed of highly skilled professionals dedicated to pushing the boundaries of technology and innovation. Whether you are looking for a full-time position, an internship, or a leadership role, Parker Hannifin has a place for you.

Innovate and Lead

Embrace the opportunity to lead projects that redefine industry standards. Parker Hannifin is at the forefront of technological innovation, and our employees are the driving force behind our success. With a culture that values diversity and creative problem-solving, you will work alongside some of the brightest minds in the industry.

Grow Your Career

Parker Hannifin is committed to the professional growth of our employees. With comprehensive training programs and a focus on career development, we ensure that our team members have the resources they need to succeed. Our commitment to professional development is matched by our dedication to promoting from within, providing a clear path for career advancement.

Be Part of a Great Team

Our team at Parker Hannifin is our greatest asset. We pride ourselves on a culture that promotes teamwork, respect, and collaboration. With a global network of professionals, the opportunities for networking and cross-functional collaboration are vast. Join us and be part of a team that is making a difference in the world.

Benefits and Culture

Parker Hannifin offers a competitive benefits package that supports the health, well-being, and financial security of our employees and their families. From health insurance to retirement plans, we provide the benefits that help you live a healthier and more secure life. Our inclusive culture encourages involvement and offers various channels for employees to express their ideas and insights.

Explore Job Opportunities

Are you ready to take the next step in your career? Explore the exciting job opportunities at Parker Hannifin. From engineering to marketing, and from sales to customer service, we have positions that match a wide range of skills and interests. - **Search Parker Hannifin Jobs**: Find open positions that align with your skills and career goals. We are continuously hiring and looking for new talent to join our dynamic team. - **Prepare Your Application**: Tailor your resume and prepare for your interview with us. Show us how your experience and skills make you the perfect fit for Parker Hannifin. - **Internship Programs**: Gain hands-on experience and build your professional network through our internship programs. These opportunities are designed to give you a solid foundation in your chosen field.

Stay Connected

- **Join Our Team**: Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. - **Career Development**: Engage in ongoing learning and development programs to enhance your skills and boost your career prospects. - **Job Alert Emails**: Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Parker Hannifin. At Parker Hannifin, we are not just offering jobs; we are offering careers that make a global impact. Join us and be part of a legacy of leadership, innovation, and diversity.
Learn more about Parker Hannifin
Size
54,640 employees
Market Cap
$37.5 billion
Industry
Manufacturing & Automotive
Net Income
$1.4 billion
Founded
1918
5 Year Trend
+5.7%
Revenue
$13.5 billion
NASDAQ
PH
* Ladders Estimates

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