Company: ITW
Location: US-IL-Itasca
Job Type: Accounting
Finance
Required Education: 4 Year Degree
Reference ID: Not Available
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Job Description
ThisCost Accountantwill assists managers to improve financial performance by identifying opportunities for cost improvement and proactively providing data and analysis to aid in pricing decisions. The primary responsibilities include analysis of product costs and components including steel, coatings, energy, packaging, freight and labor, monthly journal entries and accounts reconciliation, analysis of actual and plan results, product marginreporting and analytics, inventory analysis as well as special projects and other ad hoc requests. The position is based in Itasca, IL and reports to Accounting Manager.
* Provide financial support to the operation team. Work with operation team to understand cost trends, cost improvement opportunities and proactively provide recommendations to the business to improve profitability and efficiency. Periodic profitability analysis of products, suppliers, programs and special projects.
* Provide financial support to maintain adequate internal controls to ensure the inventory accuracy. Work with all financial aspects of the inventory including inventory reconciliation, inventory management, ECN management, inventory journal entries, preparation MOH and SLOB reports and reporting results to ITW corporate. Work with the operation, sales and marketing teams to proactively improve slow and obsolete inventory level.
* Product Cost Develop and input accurate product costs for existing and new products. Develop and communicate intercompany transfer prices. Take leadership role in the annual standard cost roll up to comply with ITW Financial policy, and ensure integrity of the process and data.
* Collect and analyze data to determine cost of business activities such as product costs, labor, packaging and other variable costs. Review and analyze purchase price variation. Periodically analyze actual costs and prepare reports to explain variances between standards and actual costs. Recommend price increases/decreases to improve profitability performance. Provide Price/Cost Outlook changes as necessary.
* Month End Close Perform monthly review and reconciliation of general ledger accounts including inventory, warranty, period and variable costs, and other accrual accounts. Prepare correcting journal entries as required.
Job Requirements
* BA/BS required preferably in Accounting or Finance
* CPA preferred
* Minimum of 3 years cost accounting experience in a manufacturing environment
* ERP experience required at an advanced level
* Proficient in MS Excel and MS PowerPoint
* Ability to work independently
* Success in leading projects and/or process improvement
ITW is an Affirmative Action Equal Opportunity Employer M/F/D/V
Company Overview
WE ARE ITW
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.
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