Illinois Tool Works

Accounts Receivable Manager

Illinois Tool Works$75K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or related field
  • 5+ years of accounts receivable or accounting experience
  • 2+ years of leadership or supervisory experience preferred
  • Strong knowledge of AR processes, collections, and cash management
  • ERP and Financial Reporting software experience required, Microsoft D365 expertise is beneficial
  • Advanced Excel skills and strong analytical abilities
  • Excellent communication, organizational, and problem-solving skills

Responsibilities

  • Manage day-to-day operations of the accounts receivable department
  • Oversee billing, invoicing, cash applications, collections, and account reconciliations
  • Monitor aging reports and ensure timely collection of outstanding balances
  • Develop and implement AR policies, procedures, and internal controls
  • Collaborate with sales, customer service, and finance teams to resolve billing disputes
  • Prepare AR reporting and KPI analysis for leadership
  • Lead, mentor, and develop AR staff to ensure high performance and accountability

Benefits

  • Generous retirement benefits - 401(k) match PLUS additional retirement contribution
  • Paid time off - 11 paid holidays, 5 sick days, and vacation time
  • Company-paid insurance - life, AD&D, short-term and long-term disability insurance
  • Family-friendly benefits - 4 weeks of paid parental leave and adoption reimbursement
  • Education assistance - tuition reimbursement for personal and professional development
Full Job Description
Job Description:

Are you an accounting leader eager for the chance to collaborate across the business landscape and leave your imprint?

Miller Electric, an ITW company, is seeking an experienced and detail-oriented Accounts Receivable (AR) Manager to lead our receivables function and oversee the company's credit and collections processes. As the AR Manager, your responsibilities include managing invoicing, cash application, collections and customer account reconciliation. In addition, you're a catalyst for driving efficiency to optimize cash flow and reduce outstanding receivables.

The ideal candidate is a strong leader with excellent analytical skills, a customer-service mindset, and a proven ability to manage teams in a fast-paced environment.

If you're seeking a role where your contributions directly shape our business's success, all while embracing innovation, this may be the position you have been seeking.

What you will do and impact:

Accounting Management, Analysis and Reporting:
  • Manage the day-to-day operations of the accounts receivable department
  • Oversee billing, invoicing, cash applications, collections, and account reconciliations
  • Monitor aging reports and ensure timely collection of outstanding balances
  • Develop and implement AR policies, procedures, and internal controls
  • Collaborate with sales, customer service, and finance teams to resolve billing disputes
  • Prepare AR reporting and KPI analysis for leadership
  • Maintain accurate customer account records and documentation
  • Lead, mentor, and develop AR staff to ensure high performance and accountability
  • Support month-end and year-end close processes
  • Ensure compliance with company policies and accounting standards
  • Identify opportunities for automation and process improvement


Team Leadership and Development:
  • Assist employees in understanding how decisions impact the financials, identify and communicate key business drivers, and provide training to enhance overall financial awareness.
  • Lead and develop the accounts receivable team by providing guidance, training, and feedback.
  • Partner with the Division Controller in planning, assigning, and directing work within the department.


Cross Functional Collaboration:
  • Apply 80/20 thinking to reduce complexity and simplify processes.
  • Participate in cross-functional projects within and outside the Division.


What you need to do to be successful:
  • Cultivate Curiosity: use a curious mindset and a strong desire for continuous learning, particularly regarding business processes and their influence on financial outcomes.
  • Prioritize Effectively: prioritization that aligns with business objectives. Exhibit high motivation, personal accountability, and coaching abilities to drive success.
  • Drive Financial Improvements: initiate and implement financial improvements that support and enhance business operations.
  • Attention to Detail: Be detail-oriented with robust problem-solving and organizational skills to ensure precision in financial management.
  • Self-Starting Initiative: Be an aggressive self-starter with the capacity to independently lead and execute projects with minimal direction.
  • Effective Communication: Communicate effectively, both verbally and in writing, with customers, suppliers, and all team members, facilitating productive interactions.
  • Flexibility: Be open to minimal travel as required to fulfill job responsibilities.


Qualifications
  • Bachelor's degree in Accounting or related field
  • 5+ years of accounts receivable or accounting experience
  • 2+ years of leadership or supervisory experience preferred
  • Strong knowledge of AR processes, collections, and cash management
  • ERP and Financial Reporting software experience required, Microsoft D365 expertise is beneficial
  • Advanced Excel skills and strong analytical abilities
  • Excellent communication, organizational, and problem-solving skills
  • Ability to manage multiple priorities and meet deadlines


Apply Today

Interested candidates should submit their resume and a brief cover letter outlining their experience and qualifications.

Why ITW Welding?

Join a collaborative and growth-focused team where your expertise will directly impact the company's financial health and operational success. We value innovation, accountability, and continuous improvement.

Here's what we offer to help you build the future you want:
  • Generous Retirement Benefits - 401(k) match PLUS an additional retirement contribution to help you plan for the future.
  • Paid Time Off - 11 paid holidays, 5 sick days, and vacation time to take time for what matters.
  • Company-Paid Insurance - Life, AD&D, Short-Term & Long-Term Disability insurance to give you peace of mind.
  • Family-Friendly Benefits - 4 weeks of paid parental leave and adoption reimbursement to support your family journey.
  • Education Assistance - tuition reimbursement because we believe in investing in your personal and professional development.


At ITW Welding, we're not just a place to work - we're a community that empowers you to grow and make a real impact. Join us and build a career that makes a difference!

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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