Accounting/ FP&A Manager - ITW Electrostatics

ITW Description:

Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified, Fortune 200 manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune Magazine’s most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW’s revenues totaled $16.1 billion in 2023.

Division Description

ITW Electrostatics, a division of Illinois Tool Works (NYSE: ITW), part of Test, Measurement and Electronics segment is industry leading manufacturer and designer of static control devices for equipment makers and end users.  Electrostatics division revenues are ~$250MM per year and it is headquartered in Hatfield, PA USA. Division has operations in USA, Europe, China, and Asia, including nine manufacturing plants and 500+ employees. Electrostatics division brands include: SimcoION, Eltex, Pillar Technologies, Teknek, Opto Diode, Vortec, Paxton, AEGIS).

Company Description

Simco-Ion has been in the static control business since 1936, and their longevity speaks to their success at improving safety, increasing efficiency, and lowering overall cost for customers. At the forefront of the static control industry for over 80 years, today Simco-Ion is a global enterprise with vast intellectual property and resources. When working at Simco-Ion, you will be empowered in an environment that encourages open communication and big ideas, competitive pay for your performance, comprehensive benefits, and opportunities to make an impact.

ITW, a Fortune 200 company, is one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses.  The company has prospered for over 100 years, changing the way people live and work all over the world.  Each of ITW’s businesses has an independent entrepreneurial spirit and freedom to innovate. It is the highly talented people at ITW who drive success through new products and customer driven solutions.

To learn more about the Simco-Ion and what we do, please visit our website at: https://www.simco-ion.com/industrial and our corporate website at: https://itw.com/

Simco Ion, an ITW company, is looking to add an Accounting/ FP&A Manager to join our team of professionals. As the Accounting/FP&A Manager, your responsibilities will be to supervise and monitor the day-to-day accounting tasks and activities and will deliver timely and accurate financial statements. The Accounting/ FP&A Manager's responsibilities include establishing financial status by developing and implementing systems for collecting, analyzing, verifying, and reporting information. The Accounting/ FP&A Manager will also be responsible for supporting our Technology Business Unit with all FP&A activities and reporting requirements to meet our monthly, quarterly, and annual requirements. The Accounting/FP&A Manager will be accountable for driving team performance, and supporting the growth of our individual contributors and will report to the Controller.

Daily Responsibilities:

Manage and oversee the daily operations of the accounting department including:

• Manage monthly, quarterly, and end-year process
• Accounts payable/receivable
• Cash receipts
• General ledger
• Payroll and utilities
• Forecasting and budgeting
• Revenue and expenditure variance analysis
• Capital assets reconciliations
• Check runs and daily cash activities
• Fixed asset activity and reconciliations
• Prepare, review, and analyze financial statements to ensure accuracy and completeness
• Establish and enforce proper accounting methods, policies, and principles
• Coordinate and complete audits
• Assess current practices and procedures, and make recommendations for improvements
• Improve systems and procedures and initiate corrective actions
• Assign projects and direct staff to ensure compliance and accuracy
• Meet financial accounting objectives
• Establish and maintain fiscal files and records to document transactions
• Perform ad hoc analysis and projects as requested

Required Skills to be Successful:

• Proven working experience as an Accounting Manager, Accounting Supervisor, or FP&A Manager.
• Ability to manipulate large amounts of data.
• Proven knowledge of bookkeeping and accounting principles, practices, standards, laws, and regulations.
• High attention to detail and accuracy.
• Ability to direct and supervise.
• Critical thinking and problem-solving skills.
• Sense of ownership and pride in your performance and its impact on the company’s success.
• Good time-management skills.
• Bachelor’s degree in accounting or finance, CPA or MBA preferred.
• 6+ years of progressive accounting experience with a portion of it being in a supervisory role.
• Thorough knowledge of U.S. GAAP.
• Excellent verbal and written communication abilities across all levels of an organization.
• Strong leadership skills with a dedication to driving and achieving results.
• Knowledge of employee relationship-building and performance-management techniques.
• Advanced MS Office, and Microsoft Excel skills. Experience with other financial systems.

Physical Demands

The physical demands described here are representative of those that must be met by and employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand; use hands to finger, handle, or feel; and reach with hands and arms. The employee is required to walk; sit; climb or balance; and stoop, kneel, crouch, or crawl; talk or hear. The employee must regularly lift and/or move up to 25 pounds and occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close, color, peripheral, depth perception, and ability to adjust focus.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently exposed to moving mechanical parts and electrical hazards. The employee is occasionally exposed to fumes, airborne particles, toxic or caustic chemicals. Safety, including proper PPE is priority.  The noise level in the work environment is usually moderate.

Our employees enjoy competitive, merit-based salaries plus excellent benefits including:

• Health and dental insurance
• Company Paid Life Insurance / Short and Long Term Disability
• 401K plan with generous company match
• Vacation, personal days and holidays
• Continuing education reimbursement program
• Flexible spending accounts

ITW Company Overview

ITW was built on innovation and the strength of new ideas. These values have helped us expand into multiple platforms in nearly 60 countries. But at each of our businesses, the independent entrepreneurial spirit and freedom to innovate remain strong. It’s the highly talented people at ITW businesses all over the world who drive our success through new products and customer-driven solutions. Together, we are ITW—a Fortune 200 company that has prospered for 100 years and changed the way people live and work, all over the world.

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.