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Accounts Payable Specialist

Company: Magnaflux
Location: Glenview
Posted on: January 12, 2022

Job Description:

Company Description

Magnaflux, a division of Illinois Tool Works (Fortune 250), is a leading worldwide supplier of magnetic particle, dye penetrant inspection equipment and associated chemical products used for applications within the Aerospace, Automotive, Oil & Gas and Energy markets.

With over 85 years in the industry, Magnaflux offers employees a competitive salary and comprehensive benefit package, including medical, dental and life insurance, 401(k) with immediate company match, and much more!

Job Description

  • Ensure all fixed asset, cash, and other accrual transactions are properly recorded in accordance with corporate policy, procedures and GAAP.
  • Process all payments including checks, ACH, wire, PCard and T&E expense reimbursements within deadlines and proper authorizations.
  • Manage Vendor accounts, ensuring bank account and customer contact information is up to date.
  • Reconcile and process intercompany payments through the netting system.
  • Reconcile freight invoices, third party freight Exception and Remittance reports and prepare monthly freight analysis.
  • Record monthly journal entries and prepare all account reconciliations relating to accounts payable, accruals, cash, pre-paids and fixed assets.
  • Review departmental reports on a monthly basis to ensure expenses are recorded properly.
  • Prepare Year End reports, including Annual Transaction Spend.
  • Occasional travel (
  • Additional duties as assigned.
    Qualifications
    • Associates degree in Accounting or Finance.
    • 3 years relevant accounting experience.
    • Proficient in mathematical skills pertaining to financial and logical calculations.
    • Proficient in Microsoft Excel.
    • Ability to write reports, business correspondences, and procedure manuals.
    • Strong written and verbal communication skills; ability to effectively present information and respond to questions from employees and customers.
    • Must possess a strong work ethic and the ability to work independently
    • Manufacturing experience preferred.
      Additional Information

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

      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.

      We do not accept unsolicited resumes. To be considered an applicant, please apply online to a specific job posting.

      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 click here for information on how to contact us directly.by Jobble

Keywords: Magnaflux, Glenview , Accounts Payable Specialist, Other , Glenview, Illinois

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