Accounting Manager

ITW (Illinois Tool Works Inc.) is a Fortune 200 company and is one of the world's leading diversified manufacturers of specialized industrial equipment, automotive components, consumables, and related service businesses. ITW businesses serve local customers and markets around the globe, with operations in 55 countries and an employee base of more than 46,000 women and men who adhere to the highest ethical standards. These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 17,000 granted and pending patents.
ITW Residential and Renovation Construction provides Industry leading, premium branded, cordless nailing systems and fastening solutions, that deliver superior productivity and reliability to meet the needs of professional remodelers and residential framers, with a widely available product portfolio at their preferred retail or dealer outlets The 80 focus for the division is aggressive market growth while sustaining profitability.
ITW offers its employees a path for advancement, a competitive salary, and a comprehensive benefits package designed to help employees care for themselves, their families, and their futures.
The Accounting Manager will drive effective and accurate financial processes for the Residential & Renovation division, adhering to the ITW policies, controls, and GAAP. Support the divisional leaders with forecasting, reporting and analysis needs. Understand and champion ITW business philosophies for accounting and reporting activities. Lead the financial analysis and forecasting processes. Manage the accounting personnel and support their responsibilities.
Core Responsibilities
* Ensure accurate and timely reporting of business and financial information in compliance with ITW policies and US GAAP. Develop and maintain financial reporting processes that exceed internal and external audit requirements. Ensure documentation and monitoring of internal controls in accordance with ITW policies.
* Manage the receivables and assigned staff accounting team members for a division with a high volume of customer and vendor transactions.
* Facilitate and complete monthly close requirements and consolidation procedures including the management and diligent review of the accounting staff's work.
* Effectively manage, communicate, and coordinate the exchange of financial information (plan, actual results, and outlook) to key stakeholders with in-depth knowledge of highlights and variances.
* Support Division Controller and leadership team to achieve division goals and objectives, including the annual operating plan, long range strategic plans, capital investments and other ad hoc projects.
* Identify, lead and develop talent to maximize individual, team and organizational effectiveness in meeting company goals. Fosters a culture of engagement and accountability.
* Coordinate internal and external audits as well as other corporate requests.
* Critical partners in overall ERP & Financial Data Management and will play a critical role in the implementation of all future business systems and tools.
* Other duties as assigned.