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Illinois Tool Works

Global diversified manufacturer of industrial equipment

Accounts Receivable Manager

Accounts Payable/ReceivableUpdated on Nov 12
Full-timeAppleton, WI, USANo salary listed

About the Job

Requirements

  • A bachelor's degree in Accounting or a related field is required.
  • At least 5 years of accounts receivable or accounting experience is required.
  • At least 2 years of leadership or supervisory experience is required.
  • Strong knowledge of accounts receivable processes, collections, and cash management is required.
  • Experience with enterprise resource planning and financial reporting software is required; Microsoft Dynamics 365 expertise is beneficial.
  • Advanced Excel skills and strong analytical abilities are required.
  • Strong communication, organizational, and problem-solving skills are required.
  • The ability to manage multiple priorities and meet deadlines is required.
  • Candidates should demonstrate curiosity and continuous learning, particularly regarding business processes and their influence on financial outcomes.
  • Candidates should be able to prioritize in alignment with business objectives and demonstrate motivation, personal accountability, and coaching abilities.
  • Candidates should be detail-oriented and able to solve problems and organize work to ensure precision in financial management.
  • Candidates should be self-starters able to independently lead and execute projects with minimal direction.
  • Candidates must communicate verbally and in writing with customers, suppliers, and team members.
  • Candidates should be open to minimal travel as required.

Responsibilities

  • Manage the day-to-day operations of the accounts receivable department.
  • Oversee billing, invoicing, cash applications, collections, and account reconciliations.
  • Monitor aging reports and ensure timely collection of outstanding balances.
  • Develop and implement accounts receivable policies, procedures, and internal controls.
  • Collaborate with sales, customer service, and finance teams to resolve billing disputes.
  • Prepare accounts receivable reporting and key performance indicator analysis for leadership.
  • Maintain accurate customer account records and documentation.
  • Lead, mentor, and develop accounts receivable staff to ensure high performance and accountability.
  • Support month-end and year-end close processes.
  • Ensure compliance with company policies and accounting standards.
  • Identify opportunities for automation and process improvement.
  • Help employees understand how decisions affect financials, identify and communicate key business drivers, and provide training to improve financial awareness.
  • Partner with the Division Controller in planning, assigning, and directing departmental work.
  • Apply 80/20 thinking to reduce complexity and simplify processes.
  • Participate in cross-functional projects within and outside the Division.
  • Initiate and implement financial improvements that support and enhance business operations.

Desired Qualifications

  • Microsoft Dynamics 365 expertise is beneficial.

About the Company

Illinois Tool Works

Global diversified manufacturer of industrial equipment

ITW is a global manufacturer with a diversified portfolio of industrial products across seven segments, including automotive components, food equipment, welding systems, and construction tools. Its products are engineered and produced for OEMs and industrial customers, combining specialized components to meet the needs of large buyers. The company stands out through its multi-segment reach, large global footprint, and a business model that prioritizes the top 20% of customers to drive profitability and operational excellence. ITW aims for steady profitability and efficient operations by delivering reliable, value-added solutions across multiple industries.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Glenview, IL
Founded
1912

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