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Accounting Manager

Company Description

ITW (NYSE: ITW) is a Fortune 200 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

 

 

    Job Description

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

    E.H. Wachs, an ITW company, is seeking to add an Accounting Manager to their team of accounting professionals. As the Accounting Manager, your responsibilities extend far beyond managing the financial records. You're a catalyst for efficiency improvements, working closely with the Business Unit Controller to streamline processes, contributing to Annual Planning, and dissecting key business metrics that inform our decisions.

    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 monthly, quarterly, and year-end financial closing process.
    • Ensure accurate and timely recording, analysis, and reporting of financial transactions in compliance with applicable accounting guidelines.
    • Prepare accurate management reporting and communicate the results effectively.
    • Monitor and analyze financial performance, identify trends, and provide meaningful insights to management for strategic decision-making.
    • Leverage available tools and technologies to analyze data to support process improvements and operational decisions.

    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 accounting team by providing guidance, training, and feedback.
    • Partner with the Business Unit Controller in planning, assigning, and directing work in the department.

    Cross Functional Collaboration:

    • Apply 80/20 thinking to reduce complexity and simplify processes.
    • Participate in cross-functional projects within the business.

    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 along with a minimum of five years of broad accounting experience.
    • ERP and Financial Reporting software experience required, Great Plaines expertise is beneficial
    • Advanced MS Excel skills

    Additional Information

    All your information will be kept confidential according to EEO guidelines.

    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.  

    Average salary estimate

    $95000 / YEARLY (est.)
    min
    max
    $80000K
    $110000K

    If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

    What You Should Know About Accounting Manager, ITW

    Are you ready to take your career to the next level as an Accounting Manager? E.H. Wachs, a proud member of the ITW family located in Lincolnshire, IL, is looking for an accounting leader who thrives on collaboration and empowerment. In this dynamic role, you won’t just manage financial records; you'll be a driving force in enhancing our financial processes and reporting. You will work hand-in-hand with the Business Unit Controller to streamline operations while playing a key role in our Annual Planning and business metric analysis. Your expertise will ensure that financial transactions are recorded accurately and reported timely, providing management with insights that shape strategic decisions. We're excited for you to lead a team of talented accounting professionals, fostering their growth through guidance, training, and strong communication. This isn't just about crunching numbers; it’s about cultivating a culture of financial awareness within the organization. You'll adapt a curious mindset aiming for continuous learning, simplifying processes through effective prioritization and strategic thinking. If you have at least five years of broad accounting experience, a Bachelor’s degree in Accounting or a related field, and proficiency in ERP systems like Great Plains, we want to hear from you. Embrace this opportunity to drive financial improvements and innovate alongside our dedicated team at ITW.

    Frequently Asked Questions (FAQs) for Accounting Manager Role at ITW
    What does an Accounting Manager do at E.H. Wachs?

    The Accounting Manager at E.H. Wachs oversees the financial closing processes, ensures compliance with accounting standards, prepares management reports, and analyzes financial performance to provide valuable insights. This role is pivotal in driving efficiency and supporting strategic decision-making.

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    What qualifications are required for the Accounting Manager position at E.H. Wachs?

    To qualify for the Accounting Manager position at E.H. Wachs, candidates need a Bachelor's Degree in Accounting or a related field, at least five years of accounting experience, and proficiency in ERP systems and financial reporting software, with a strong preference for experience with Great Plains.

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    What skills are essential for success as an Accounting Manager at E.H. Wachs?

    Successful candidates for the Accounting Manager role at E.H. Wachs should possess strong analytical and problem-solving skills, attention to detail, the ability to communicate effectively, and a self-starting initiative to lead projects independently while also being a supportive leader for their team.

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    How does the Accounting Manager at E.H. Wachs collaborate with other departments?

    The Accounting Manager at E.H. Wachs collaborates with various departments by participating in cross-functional projects and simplifying complex processes. This role supports the overall financial health of the company by aligning accounting strategies with business objectives.

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    What is the work environment like for an Accounting Manager at E.H. Wachs?

    The work environment for an Accounting Manager at E.H. Wachs is collaborative and decentralized, fostering a culture where innovation and employee contributions are valued. You will work with a diverse team dedicated to driving financial improvements and achieving business goals.

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    What career development opportunities are available for Accounting Managers at E.H. Wachs?

    E.H. Wachs, as part of ITW, provides robust career development opportunities, including training programs, leadership development, and a commitment to continuous learning, allowing Accounting Managers to expand their skills and advance their careers.

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    What is the hiring process for the Accounting Manager position at E.H. Wachs?

    The hiring process for the Accounting Manager position at E.H. Wachs typically includes a thorough review of resumes, followed by interviews with leadership and the accounting team. Candidates may also be assessed on their accounting knowledge and leadership abilities.

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    Common Interview Questions for Accounting Manager
    Can you describe your experience with financial reporting and analysis?

    When answering this question, highlight specific financial reporting tools you've used, such as ERP systems or spreadsheets. Discuss how you approach data analysis, any trends you've identified in past roles, and how you've communicated findings to management for strategic decisions.

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    How do you ensure compliance with accounting standards?

    In your response, emphasize your understanding of relevant accounting standards and regulations. Mention any experience you have with audits or compliance checks and how you make necessary adjustments to ensure that reporting aligns with these standards.

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    What strategies do you employ for team leadership and development?

    Explain your approach to leadership, including how you provide training and support to your team. Discuss any mentoring tactics, feedback mechanisms, or performance evaluations you utilize to nurture your team's growth and improve their financial literacy.

    Join Rise to see the full answer
    How do you handle tight deadlines during month-end closing processes?

    Discuss your prioritization techniques, any tools you use to track tasks, and your ability to maintain accuracy under pressure. Provide examples of past experiences where you successfully communicated with your team to meet deadlines.

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    What methods do you use to analyze financial performance?

    Highlight specific methods such as variance analysis, budgeting techniques, or data analytics tools you utilize. Discuss how these methods inform your decision-making and help generate insights for management.

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    Can you give an example of a complex financial issue you resolved?

    Choose a specific situation that showcases your problem-solving skills. Outline the context, the complexity of the issue, your analytical approach, and the ultimate outcome that benefited the organization.

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    How do you communicate financial results to non-financial stakeholders?

    Emphasize your ability to tailor financial information to your audience. Describe techniques you employ to present metrics in a simplified manner and share examples where you've successfully facilitated discussions between finance and other departments.

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    What experience do you have with budget forecasting?

    Discuss your experience in preparing budgets and forecasts, the methodologies you apply, and how you involve other departments in the process. Providing specific examples can illustrate your capability in this area.

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    How do you encourage financial awareness within your team?

    Discuss initiatives you’ve implemented to improve your team's financial understanding, like workshops, regular team meetings focusing on financial metrics, or integrating financial data into their daily functions.

    Join Rise to see the full answer
    How do you approach process improvement in accounting operations?

    Share specific examples of processes you’ve streamlined in past roles. Highlight your analytical skills in identifying inefficiencies and the steps you took to implement optimizations that improved overall productivity.

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    You see ITW’s Values -- Integrity, Simplicity, Trust, Respect & Shared Risk – in action every day in how we treat each other and how our leaders lead.

    150 jobs
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    Full-time, on-site
    DATE POSTED
    November 28, 2024

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