The Welding Accessories and Cutting division is part of ITW's North America Welding Commercial Platform with multiple locations and annual revenue of exceeding $150M. The group consists of 6 distinct product segments - Safety PPE, Welder Training Solutions, Fume Extraction, Service Parts, Consumables and Gas Equipment. This position will assist the Division Controller in various financial projects including Annual Plan and Long Range Plan, commercial strategies and data analysis of key business metrics that drive management decisions based on facts and supporting data. This position will have oversight of the accounting functions and shared responsibility in financial reporting. This position will be based in Appleton, WI
This position is a key function within the Accounting Department. The Accounting Manager will work with the Division Controller to ensure accuracy of financial records and integrity of data shared with Management, supervise top 13 internal controls and compliance to ITW's policies and procedures and applicable laws.
•Partner with the Division Controller in planning, assigning and directing work in the department including projects in sourcing savings, working capital management and employee involvement
•Build a talent pipeline by motivating and inspiring direct reports to excel
•Manage the monthly, quarterly and year-end financial closing process effectively and efficiently
•Manage day to day accounting functions including accounts payable, reconciliations, expense approval and reporting, capital justification, fixed assets monitoring
•Actively participate in establishing and maintaining inventory controls and tracking
•Prepare accurate management reporting and works with team to understand and communicate the results.
•Manage and review all journal adjustments including sales, margin and overhead variance analysis by segments .
•Maintain the standard cost files in accordance with ITW policies/procedures. Coordinate the annual standard costing roll up and price increase processes.
•Apply 80/20 thinking and sound judgement to reduce complexity and work with team to simplify processes
•Keeps the leadership team informed of important developments, potential problems and related information necessary for effective management.
•Leverages available tools and new technologies to compile relevant useful information to support process improvements and operational decisions.
•Analytical, inquisitive and crisp in explaining the story behind the numbers. Strong ability to understand macro and micro trends and quickly discern inaccuracies
•Presents an objective opinion as input for business decisions based on facts, data and analysis.
•Helps other employees understand how their choices and decisions will impact the financials. Identifies, communicates, and trains others on key business drivers.