Sr. Staff Accountant

Sr. Staff Accountant

01 Oct 2024
New York, Watertown, 13601 Watertown USA

Sr. Staff Accountant

ITW (NYSE: ITW) is a Fortune 250 global multi-industrial manufacturing leader with revenues totaling $14.5 billion in 2021. 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’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com . ITW Shakeproof Industrial supplies cold headed & metal stamped fasteners totaling approximately $60M in revenue annually. Manufacturing/warehouse locations include Watertown, WI, Milwaukee, WI, Broadview, IL, and Iron Ridge, WI. We serve major OEMs and their tier suppliers direct and through distribution channels in the industrial market. ITW Shakeproof Industrial drives profitability by leveraging its innovative solutions and application engineering, allowing us to enhance our customers’ competitive advantage. ITW Shakeproof Industrial is an Illinois Tool Works (ITW) Company. Known for innovation, diversification, and excellent financial performance. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.The Senior Staff Accountant will report directly to the Business Unit Controller of Watertown | Milwaukee | Broadview | Iron Ridge and play a key role in the month-end closing process. This includes ensuring the timely and accurate preparation of financial statements and reports, while also performing detailed reviews and analyses of general ledger activity. The Senior Accountant will be responsible for identifying discrepancies, resolving variances, and maintaining the integrity of financial records in accordance with established accounting principles. The ideal candidate must be self-driven, capable of working independently, and demonstrate strong analytical and problem-solving skills to support the finance team's objectives.

Lead and oversee the month-end closing process, ensuring timely preparation and accuracy of financial statements.

Perform reconciliation of balance sheet accounts, including accruals and other key entries.

Manage corporate programs such as Travel & Expense (T&E), Purchasing Card (P-Card), and fleet operations.

Oversee reporting and maintenance for fixed asset projects, ensuring accurate tracking and compliance.

Prepare and analyze the slow and obsolete inventory report, including calculating and allocating overhead costs.

Conduct cost analysis in collaboration with various departments, ensuring appropriate General Ledger (GL) and Profit & Loss (P&L) coding.

Supervise the annual physical inventory count and ensure its accuracy.

Possess a deep understanding of the General Ledger and segmentation processes within operational plants.

Provide ad-hoc reporting and analysis to support the Controller and Division Controller.

Manager corporate reporting requirements, including environmental and tax compliance.

Learn, understand, and implement ITW Financial Policy and ITW Business Model.

A bachelor’s degree in accounting or finance is required.

A minimum of 5 years of accounting experience, with a strong preference for experience in a manufacturing environment.

Prior experience in public accounting or auditing is preferred.

Proficiency in Microsoft Office Suite, including Excel, Word, Outlook, and SharePoint.

Ability to analyze financial data and generate comprehensive financial reports.

Strong analytical and organizational skills.

Demonstrated ability to manage time effectively.

Excellent attention to detail and accuracy.

Strong written and verbal communication skills, ensuring clear and professional interaction across teams.

Self-motivated and capable of managing multiple tasks in a fast-paced environment.

High level of professionalism and integrity.

CPA or active CPA candidacy is preferred.

ITW 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. ITW 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. ITW is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

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