Illinois Tool Works

Senior Accountant

Illinois Tool Works$80K — $95K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting; CPA is a plus.
  • 5-10 years of progressive accounting experience.
  • Experience in a manufacturing environment is preferred.
  • Background in month-end close, financial reporting, audits, and process improvements.
  • Strong understanding of U.S. GAAP and Cost accounting.

Responsibilities

  • Lead month-end close process to ensure accurate financial reporting.
  • Manage revenue recognition tracking and reporting in compliance with policies.
  • Prepare and analyze quarterly inventory reserves and monthly margin reports.
  • Collaborate as Finance lead for annual physical inventory processes.
  • Conduct detailed reviews and reconciliations of assigned balance sheet accounts.
  • Assist with budgeting, forecasting, and audit requirements.
  • Identify efficiency opportunities and support cross-functional partnership.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • Life insurance and long-term disability coverage.
  • Paid parental leave and generous tuition reimbursement.
  • 401(k) plan with company match for retirement savings.
Full Job Description
Job Description:

Division Description:

ITW Electronics Assembly Equipment (EAE) Division is made up of four brands strongly recognized by Contract Manufacturers and OEMs in the Electronics and Industrial Markets. The Division designs, develops, manufactures, and markets capital equipment primarily used in the assembly process of Printed Circuit Boards (PCBs) and other industrial applications. To learn more, please visit www.itweae.com

Position Summary:

This opportunity is available at either our Hopkinton, MA or Camdenton, MO location, and we welcome applications from candidates in both regions.

The Senior Accountant plays a key role within the Finance team, supporting multiple business entities through accurate financial reporting, strong internal controls, and continuous process improvement initiatives. This position offers broad exposure to accounting operations, financial analysis, reporting, planning, and cross-functional business support.

This role requires a hands-on and analytical professional who can operate effectively in a fast-paced environment while balancing both transactional and analytic responsibilities. The successful candidate will work closely with Finance team and business partners to ensure financial accuracy, compliance, and operational excellence.

We are seeking a motivated accounting professional with a proactive mindset, strong problem-solving skills, and a demonstrated ability to take ownership and drive results.

Education & Experience:
  • Bachelor's degree in accounting. CPA is a plus.
  • 5-10 years of progressive experience.
  • Experience in a manufacturing environment is strongly preferred
  • Experience supporting month-end close, financial reporting, audits, and business process improvements.

Key Competencies:
  • Exceptional analytical, problem-solving, and critical-thinking skills.
  • Proven ability to identify issues, develop solutions, and drive improvements independently.
  • Strong attention to detail with a commitment to accuracy and quality.
  • Self-starter with a proactive approach and strong sense of ownership and accountability.
  • Ability to manage multiple priorities and consistently meet deadlines in a fast-paced environment.
  • Strong understanding of U.S. GAAP and accounting principles.
  • Strong understanding of Cost accounting & Inventory Management.
  • Advanced Microsoft Excel skills required; experience with QAD, or other ERP/reporting systems preferred.
  • Strong communication and interpersonal skills with the ability to collaborate across departments and levels of the organization.
  • Demonstrated leadership potential and willingness to take on new challenges.
  • High-energy team player who thrives in a continuous improvement environment


Key Responsibilities:
  • Lead assigned areas of the month-end close process, ensuring timely, accurate, and complete financial reporting.
  • Manage tracking, accounting entries, analysis, and reporting related to revenue recognition for EAE in accordance with U.S. GAAP and ITW Corporate policies.
  • Prepare quarterly inventory reserve analyses and calculations in compliance with ITW policy.
  • Prepare and distribute monthly margin report.
  • Partner with cross-functional teams and serve as the Finance lead for the annual physical inventory process, including planning, execution, reconciliation, and reporting.
  • Detailed review, analysis, and reconciliation of balance sheet accounts as assigned
  • Assist in the preparation of annual budgets and forecasts activities.
  • Assist with internal and external audit requirements.
  • Identify opportunities to increase efficiency, improve reporting accuracy, enhance controls, and drive execution.
  • Serve as a trusted business partner to cross-functional teams.
  • Assist with payroll reporting, administration, and related activities.
  • Ability and willingness to travel up to 10% as needed for business support activities.
  • Other projects as required

Physical requirements and working conditions:
  • Primarily desk-based role with regular computer use
  • May require extended periods of sitting and working at a computer


Compensation Information:

This position may be hired in multiple geographic locations. As a result, the salary range for this role will vary based on the candidate's work location, as well as factors such as experience, skills, qualifications, and overall fit for the position.
  • Missouri: $80,000 - $95,000 annually
  • Massachusetts: $90,000 - $115,000 annually

In addition to competitive compensation, we offer a comprehensive benefits package that includes medical, dental, vision, life insurance, and long-term disability coverage, as well as paid parental leave, a 401(k) plan with company match, a generous tuition reimbursement program, and other valuable benefits.

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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