What are the responsibilities and job description for the Accounts Receivable Specialist position at ITW?
Company Description
Buehler, a division of Illinois Tool Works, 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.
Job Description
- G/L and subledger management, including month-end close responsibilities:
- Review Accounts Receivable subledger, research and resolve account discrepancies
- Prepare balance sheet reconciliations
- Prepare and book necessary journal entries
- Assist Accounting Manager in Bad Debt/ Allowance for Doubtful Accounts calculation, if needed
- Ensure compliance with relevant accounting standards and company policies
- Cash and Accounts Receivables:
- Verify, allocate, post, and reconcile transactions for US based and international companies
- Applying deposits to correct accounts and invoices (daily)
- Invoice customers in ERP system and customer portals as necessary
- Review customer accounts and release orders on credit hold
- Assist in collections, which includes sending reminders and statements to assigned customers
- Maintain process narratives and manuals related to AR and Cash
- Assist both internal and external auditors during audit engagements.
- Identify process improvements, and assist in the implementation of company accounting policies and procedures.
- Provide support and work closely with Sales, Service, Customer Service and other departments on projects as assigned.
- Assist Accounting Manager/ Controller with budgeting and forecasting processes, if needed.
- Additional duties and projects as assigned
Qualifications
- Associate's degree or equivalent work experience, Bachelor's degree a plus
- Minimum 3 years of previous accounting experience (manufacturing environment preferred)
- Required to be detailed, organized, able to work independently and know when to elevate issues for resolution
- Quick to learn and follow instructions
- Strong PC skills required, understanding of MS Excel (formulas, Pivot tables), Word and Outlook.
- Familiar and comfortable using complex ERP systems. Knowledge of Microsoft Dynamics NAV a plus.
- Good written and verbal communication skills.
- Continuous growth and improvement mindset
- Experience working with multinational companies and/or manufacturing companies a plus.
Additional Information
- 7.5% 401k match
- 4 weeks of paid time off
- 10 paid company holidays
- Recognition program
- Competitive health insurance
Buehler is located in Lake Bluff, IL, and falls within TW's Test and Measurement Segment. To learn more about our brand, please visit www.buehler.com.
We are 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
If you need a reasonable accommodation for any part of the employment process, please contact us by email at [email protected] and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address.
For more information about our commitment to equal employment opportunity, please click here.
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.
