Company Description

Company Overview:

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 total $14.8 billion in 2018.

Job Description

This is not a summer internship, we have an immediate need to fill this position.

At a minimum, student must currently be enrolled in 3rd or 4th year of college to be considered.

SUMMARY

This part-time internship provides the opportunity to gain experience in multiple areas of accounting.

LEARNING OPPORTUNITIES

Accounts Payable invoice processing using 3-way matchVerification of daily inventory receiving transactionsWeekly check run and EFT payment generationVendor inquiries and AP statement review for discrepancies, past dues, etc.Received not Invoiced monitoringCustomer billing; collections processes, and cash applicationMonth-end close process (AP accrual; journal entries; account reconciliations)RMA & Inventory transaction exposureAnnual physical inventoryYear-end 1099 filing

Qualifications

Education and Work Experience

High school diploma or GED2+ years of Accounting or business-related courseAt a minimum, student must currently be enrolled in 3rd or 4th year of college to be consideredKnowledge of basic accounting proceduresMust possess key leadership qualities, including flexibility, reliability, self-starter and effective team player and communicatorMust have a positive attitude focused on understanding, anticipating and responding to the needs of our customers, both internal and external to the department and company

Competencies

Effective communications skillsExcel skills at a high beginner level or low intermediate levelSelf-motivated

PHYSICAL DEMANDS & WORK ENVIRONMENT

Physical Demands

While performing the duties of this Job, the employee is:

Regularly required to sit at a deskFrequently required to use various electronic equipmentOccasionally required to go to other departments to collect further information

Working Conditions

Mostly office environmentWork area located on second floor, stair onlyOccasional traversing the shop floor areas

Hours of Work

TBD

Additional Information

Benefits:

Take this opportunity to join a successful and enthusiastic global team where you can make a significant impact immediately. You will enjoy a competitive salary and a generous benefits package that includes health, dental, life, LTD insurance, 401k (with company match), employee assistance, wellness and 100% tuition reimbursement programs. ITW is an Equal Opportunity/Affirmative Action employer.

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.