Job Information
ITW Sr. Financial Analyst in Lake Bluff, Illinois
Buehler, a division of Illinois Tool Works, (https://www.buehler.com/) is a leading manufacturer of scientific equipment and supplies for use in material analysis. Over the past 80+ years, Buehler has established sales, manufacturing and laboratory services located throughout North America, Europe and Asia. Comprised of world-class products and brands, such as Wilson Hardness, Buehler continues a long history of providing market-leading technology to support our customers in their sample preparation and material analysis applications.
Buehler’s parent company, ITW, is a Fortune 200 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The Company focuses on profitable growth with strong returns across worldwide platforms and businesses. The businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets.
This key position is responsible for supporting the Business Unit Controller in maintaining internal controls, overseeing accounting staff, budget preparations, forecasting and financial analysis. The Sr. Finacial Analst uses sound judgment to analyze trends in costs and revenues, assists in financial reporting, and offers suggestions for resource and process improvement. The role will focus on using ITW Core principles to produce and maintain financial records.
Month-end close responsibilities and monthly financial reporting including:
Preparing and reviewing various journal entries and balance sheet reconciliations
Preparing GAAP financial statements and ensuring compliance
Monitoring internal control procedures and ensuring SOX compliance
Assist in inventory management including:
Performing various cycle counts throughout the year in different warehouse locations
Organizing the annual physical inventory and working with the warehouse & purchasing teams
Creating and distributing the monthly Inventory grading analysis of active, slow moving and obsolete Inventory to management
Performing cost management analysis and overall management of standard costing including:
Working with the purchasing team and product managers to update standard costs and rolling bill of materials as needed
Reviewing monthly purchase price variance reports and making updates to standard costs as needed after reviewing with various teams involved
Updating and analyzing variable and period costs on a monthly basis while also performing an annual review of variable and period costs included in the calculation
Assisting in annual standard cost revaluation with the Controller and purchasing team
Participate in internal, external and sales tax audits including:
Providing necessary requested information to Enterprise Audit Services during the planning phase and when the audit is taking place
Assist in addressing audit findings and implementing recommendations
Assisting accounts receivable specialist in sales tax audit preparation
Overseeing filling tax returns, maintaining accurate tax records, including proper sales tax exemption certificates
Assist with annual operating plan including:
Helping the Controller plan and collect departmental data
Preparing and analyzing various financial reports for the Controller/Division Controller
Identifying process improvements, assisting in designing and implementation of company accounting policies and procedures
Ad hoc reporting, analysis, and other projects as requested
Bachelor’s degree in Accounting and 3+ years of experience
3+ years of experience within a manufacturing environment preferred
Ability to remain detailed, organized, and be able to work under pressure to meet deadlines.
Strong PC skills, data mining skills, system savvy and advanced understanding of MS Excel, Word and Outlook.
Knowledge of SQL and using ERP software. Experience with Dynamics NAV experience, a plus
Strong communication and leadership skills
Understanding of US GAAP and SOX procedures
7.5% 401k match
4 weeks of paid time off
10 paid company holidays
Recognition program
Competitive health insurance
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.