Senior Manager, Technical Accounting & Research

Company: ITW
Location: Glenview
Posted on: January 27, 2023

Job Description:

Since its founding more than 100 years ago, ITW has become one of the worlds leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on the development of innovative solutionsmost of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for the innovative products we provide.ITWs differentiated business model is composed of a set of unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture. These capabilities are unmistakably ITWand key to our longevity and strong performance.ITWs products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.Today, ITW (NYSE: ITW) is a Fortune 200 company that employs nearly 43,000 people with operations in 55 countries with headquarters in Glenview, IL. Our campus includes a fitness center at no cost to the employees, cafeteria, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/ITW is seeking a Senior Manager, Technical Accounting & Research to perform accounting and SEC reporting research, oversee the Companys Financial Policies & Procedures, and manage the preparation of the Companys financial filings with the SEC. This position will report directly to the Senior Director, External Reporting with exposure to executive management and to key finance and operations leaders across ITWs worldwide operations. The position requires a solid working knowledge of U.S. GAAP and SEC reporting requirements, as well as strong communication skills and a desire to work collaboratively with other key disciplines and business personnel.Primary Responsibilities

• Perform technical accounting and SEC reporting research and document the Companys conclusions in technical whitepapers
• Monitor accounting literature for new reporting requirements that may potentially impact the Company and lead the implementation of new accounting standards
• Prepare quarterly accounting and regulatory update presentations for the Companys Audit Committee
• Work closely with investor relations and various financial reporting teams in the preparation and review of the Companys external financial communications (SEC filings and disclosures, annual report, earnings releases, communications with the investment community, etc.)
• Consult with operating and finance personnel at corporate and within ITWs diversified group of businesses related to accounting questions and the implementation of financial policies and procedures
• Work closely with key stakeholders in the development, revision and maintenance of the Companys Financial Policies & Procedures
• Act as a liaison with internal and external auditors on matters involving technical accounting, internal controls, financial policies and SEC reporting
• Participate and/or lead various Corporate Finance & Accounting projects to improve the overall efficiency, timeliness and accuracy of financial close processes
• Focus on Corporate Finance & Accounting talent management efforts through attraction, development and retention of key talent across the department
• Bachelors or Masters degree in Accounting from an accredited college or university
• CPA required
• 8+ years of experience in public accounting and/or external financial reporting for a public company
• Extensive knowledge of U.S. GAAP and SEC reporting requirements
• Strong written and verbal communication skills
• Ability to manage and develop others
• Capable of leading large complex projects
• Able to perform in a fast paced environmentIllinois Tool Works Inc. (ITW or the Company) is an equal employment opportunity employer. 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.If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please email corp_accessibility@itw.com to request assistance. No other requests will be acknowledged.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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