Accounting Supervisor

Job Description:

Position Summary:

The Accounting Supervisor reports to the business unit Controller and is responsible for preparing and presenting monthly financial statements, corporate reporting, and ensuring compliance with applicable Generally Accepted Accounting Principles (GAAP) and ITW corporate policies.

Scope and Function:

• Proven problem-solving, analytical, and decision-making skills.
• Proven leadership skills.
• Proficient knowledge of finance, accounting, budgeting, and cost control principles, including GAAP.
• Excellent verbal, written, and interpersonal communication skills.

Essential Responsibilities:

• Lead staff members in preparing monthly, quarterly, and annual journal entries.
• Analyze financial statements to ensure accuracy and compliance with GAAP.
• Identify potential cash flow problems and financial irregularities.
• Liaise with department heads to ensure that each department remains within budget.
• Perform general ledger account reconciliations.
• Supervise and provide guidance to accounting clerks and junior accounting staff.
• Provide regular updates to management on company finances.
• Ensure the company complies with applicable accounting legislation.
• 100% on-site face to face interactions with other departments

Skills/Abilities:

• Prepare the monthly financial reporting package, including a review of all balance sheet accounts and variance analysis, for submission to ITW and the Food Equipment Group.
• Plan and coordinate monthly closing schedules with all appropriate functional groups.
• Prepare and submit all required monthly, quarterly, and tax reporting to ITW.
• Prepare or approve all account reconciliations monthly.
• Review and approve all accounts payable invoices and credit memo requests.
• Review and reconcile all intercompany transactions and payments.
• Coordinate with internal and external auditors as needed.
• Co-plan and oversee the annual physical inventory to ensure compliance with required accounting policies and procedures.
• Validate internal control processes and data integrity for payroll processing.
• Apply cash and reconcile accounts receivable.
• Understand and use the ITW toolbox in all aspects of the job, including prioritizing work assignments and developing work processes.

Education/Experience:

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field and 5–8 years of accounting experience, or an equivalent combination of education and experience.

Physical Requirements/Working Conditions:

• Travel less than 10% of the time.
• Ability to lift up to 25 lbs.
• Office environment.

Compensation Information:

EXEMPT POSITION: $95,000 - $103,000 ANNUALLY

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.