Senior Accountant

Company: IDS
Location: Carol Stream
Posted on: May 22, 2023

Job Description:

Company DescriptionITW (NYSE:ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenue totaling $14.8 billion in 2018. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW has nearly 50,000 dedicated colleagues in operations around the world who thrive in the company's unique decentralized and entrepreneurial culture.IDS, a division of ITW, is a global market leader in the design and manufacturing of pad printing, hot stamp, heat seal, and tax stamp technology for product decoration. Our brands provide equipment together with all required supplies and services to serve as a true single source solution for product decoration and sealing. Our division consists of four global brands with a shared mission - to be your trusted partner for product decoration.Job DescriptionPOSITION SUMMARY:As a key member of the finance team, the Senior Accountant reports to the NA Regional Controller and is responsible for recording the accounting entries in the General Ledger (G/L), driving the timely preparation of financial statements, reviewing and monitoring internal controls, preparation and analysis of departmental spend through the budget process, reporting and communicating financial results to appropriate levels within the organization, and identify and implement opportunities to simplify processes and procedures. The Senior Accountant supports the NA Regional Controller as well as the broader leadership team to achieve Division goals and objectives.RESPONSIBILITIESFinancial Planning & ReportingRecording accounting entries in the G/L (banks, purchases, sales, accruals )Direct preparation of financial statements, business reports, annual budgets and/or reports required by corporate and/or regulatory agenciesEnsure an accurate and timely monthly, quarterly and year-end closeEffectively communicate and coordinate the exchange of financial information to key stakeholdersAdditional planning & reporting requests as requiredFinancial Records & Internal ControlsManage compliance to accounting policies and procedures to ensure accurate and timely financial statementsUnderstand and apply ITW financial policies consistently and effectivelyEnsure that complete and accurate financial records and strong internal controls are in place and being followedDocument and monitor internal controls. Ensures that transactions are recorded in an efficient and timely mannerCoordinate internal and external audits as well as other corporate requestsFinancial Analysis / Continuous ImprovementAnalyze the financial details of past, present and expected operations to identify development opportunities and areas where improvement is neededPerform analytical reviews of data and explain variances against plan, outlook and prior yearMonitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracyApply the ITW Principles (80/20, Product Line Simplification, Segmentation, In-lining, and Market Rate of Demand) to eliminate complexity and improve profitability of the companyAdditional analysis requests as requiredTeam Management & DevelopmentHelps people in the business understand how their decisions impact resultsCoach through feedback, development planning and performance managementProvide training to new and existing staff and support them in their career goalsUse effective change management skills to effectively to plan, implement and evaluate changeServe as a role model to other team members, develop and motivates peersDrive to grow and succeedQualificationsEducation: Bachelor's degree in Accounting or Finance required, CPA preferred.Experience/Skills:--- 4+ years of accounting experience including general and cost accounting, preferably in a manufacturing environment--- Strong understanding and application of accounting principles/practices--- Ability to demonstrate a strong analytical and inquisitive mindset--- Must be able to multi-task, work under pressure and meet deadlines as required--- Experience with P&L and Balance Sheet reporting--- Working knowledge of ERP systems and advanced Microsoft Office software skills--- Strong presentation and communication skillsAdditional InformationPhysical/Visual Activities or Demands: Physical/visual activities or demands that are commonly associated with the performance of the functions of this job.1. While performing the duties of this job, the employee may be required to twist/turn, stand, walk, and grasp, and may be required to bend/squat, crawl, handle and manipulate small items. They may be required to climb, reach above shoulder, reach outward, sit, and type.2. The employee must carry up to 10 pounds constantly, up to 50 pounds frequently, and use safe lifting methods to move100 pounds occasionally. The employee must push and pull up to 10 pounds constantly, up to 20 pounds frequently, and up to 100 pounds occasionally.3. Specific vision abilities required by this job include concentrated attention, close vision, far vision, depth perception, color vision, and the ability to bring object into sharp focus.4. Manual dexterity; arm-hand steadiness; ability to quickly make precise adjustments in moving the controls of a machine; finger dexterity; multi-limb coordination; flexibility; quick reaction time.Mental Requirements:Deductive reasoning; visualization - ability to imagine how something will look; ability to concentrate and not be distracted; mathematical reasoning; inductive reasoning - combine pieces of information to form a general rule or conclusion; oral comprehension; written comprehension; oral expression; written expression; and the ability to speak clearly.Working Conditions: Working conditions commonly associated with the performance of the functions of this job.1. Plant Conditions ( 90%)2. Travel ( Machines, Tools, Equipment and Work Aids that may be representative but not all inclusive of those commonly associated with this position:Computer, Microsoft Office Suite, calculator, telephone, scanners, printers.License(s)/Certification(s) Required: NoneThis job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees may be required to follow other job-related instructions and to perform other job-related duties as requested, subject to all applicable state and federal laws.Certain job functions described herein may be subject to possible modification in accordance with applicable state and federal laws."Commonly associated" is not intended to mean always or only. There are different experiences that suggest other ways or circumstances where reasonable changes or accommodations are appropriate.All activities, demands, conditions and requirements are linked to essential job functions.As an Equal Opportunity/Affirmative Action Employer, ITW Marking & Coding does not discriminate in hiring or in the terms and conditions of employment because of an individual's race, color, religion, gender, national origin, age, disability, sexual orientation, marital status, veteran status, arrest record, citizenship or other categories protected by federal, state or local laws. EOE/M/F/Vet/DisabilityITW is an equal opportunity employer. We value our colleagues' unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.

Keywords: IDS, Carol Stream , Senior Accountant, Accounting, Auditing , Carol Stream, Illinois