Company Description

Illinois Tool Works Inc. (NYSE: ITW) is a global Fortune 200 diversified manufacturing company that delivers specialized expertise, innovative thinking, and value-added products to meet critical customer needs in a variety of industries.   ITW, with approximately 14.1 billion dollars in global revenues, operates 7 major segments with businesses in 57 countries that employ approximately 45,000 women and men. These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 16,000 active patents. 

StampTech Fasteners TM Division Description:

The ITW StampTech Fastener Division serves the major OEMs and Tier suppliers in the North American automotive market.  The division supplies stamped metal fasteners and engineered fastener assemblies that leverage our deep-draw stamping technologies.  The annual revenue for the division is approximately $160M.  Locations include Gallatin, TN, Lexington, KY & Naugatuck, CT.  

The Division drives profitability by leveraging its innovative solutions and application engineering.  In addition to ITW’s industry leading research and development capabilities, StampTech Fasteners TM enhances our customers’ competitive advantage by maintaining advanced engineering and manufacturing facilities in North America, exchanging product, process, and benchmarking information with sister units worldwide and continually improving processes, material, and designs to ensure every product provides value and meets customer expectations.

Job Description

The position will be responsible for managing financial transactions related to vendor payments, ensuring all bills are paid accurately and on time by processing invoices, verifying purchase orders, reconciling discrepancies, preparing payments, and maintaining accurate financial records, all while adhering to company policies and procedures.

Key Responsibilities

Follow all established safety, health and Company policies, procedures, and recognized practicesProcess and issue payments to vendors in a timely manner (payment process may include checks, ACH, wire transfers, and inter-company netting)Reconcile accounts payable general ledger balances and reports.Research and document the disputes of vendor invoicesMatch invoices with proper PO’s and ensure accuracy for price, receipt quantity and approvals.Process inventory invoices for payment using 3-way match of PO, receiver, and invoice ensuring all appropriate documentation and approvalProcess non-inventory invoices ensuring all appropriate documentation and coding and approval is accurateWork with the Receiving Personnel to verify inventory receiving transactionsAssist with Month End close and prepare reconciliations of assigned balance sheet accounts.Respond to vendor request of invoice payment status and remittance details and resolve discrepancies and past due itemsMaintain accounts payable records in an orderly fashion, including check logVerify and document vendor banking change informationResponsible for the Accounts Payable accrual journal entry preparation and other journal entries, as assignedAssist with annual physical inventory processAssist with audit support as neededAll other duties as assigned by manager

QualificationsBachelor's degree in Accounting and/or Finance or 3 years relevant experienceMS Office products, advanced MS Excel knowledgeAttention to detail, organization, and strong multitasking abilities.Ability to work in a team settingSelf-motivated / self-starterExcellent decision making and time management skillsDetail-oriented, well organized, self-motivated with ability to multi-taskUnderstanding and maintaining confidentialityAbility to read, analyze, and interpret common financial reportsExcellent communication skills (oral/written) and the ability to interact effectively with all levels within the company, suppliers and customersExcellent research, problem solving, interpersonal communication skills and commitment to continuous improvement

Physical Demands & Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  The employee must occasionally lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision, distance vision, peripheral visions, depth perception and ability to adjust focus. While performing the duties of this job, the employee is regularly required to reach with hands and arms and talk or hear.  The employee is frequently required to stand, walk, sit, and use hands to finger, handle or feel.

Additional Information

ITW Culture & Leadership Expectations:

Exemplify and embody the ITW Leadership expectations  Able to thrive and collaborate in a decentralized and entrepreneurial culture Able to take a high level of accountability and ownership for personal and company performanceAble to communicate both verbal and written with clarity and simplicityExemplifies a strategic-thinking approach and process to product managementAble to make decisions and use critical thinking and analytical approaches when weighing options

ITW is an Equal Opportunity / Affirmative Action employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. 

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.