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Senior Accountant

 

Work Location Type: Hybrid  

About Grainger:

 

W.W. Grainger, Inc., is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. At Grainger, We Keep the World Working® by serving more than 4.5 million customers worldwide with products and solutions delivered through innovative technology and deep customer relationships. Known for its commitment to service and award-winning culture, the Company had 2024 revenue of $17.2 billion across its two business models. In the High-Touch Solutions segment, Grainger offers approximately 2 million maintenances, repair and operating (MRO) products and services, including technical support and inventory management. In the Endless Assortment segment, Zoro.com offers customers access to more than 14 million products, and MonotaRO.com offers more than 24 million products. For more information, visit www.grainger.com.  

 

 

 

 

 Compensation

The anticipated base pay compensation range for this position is $78,200.00  to $130,400.00.

 

Rewards and Benefits:

With benefits starting on day one, our programs provide choice and flexibility to meet team members' individual needs, including:

  • Medical, dental, vision, and life insurance plans with coverage starting on day one of employment and 6 free sessions each year with a licensed therapist to support your emotional wellbeing.
  • 18 paid time off (PTO) days annually for full-time employees (accrual prorated based on employment start date) and 6 company holidays per year.
  • 6% company contribution to a 401(k) Retirement Savings Plan each pay period, no employee contribution required.
  • Employee discounts, tuition reimbursement, student loan refinancing and free access to financial counseling, education, and tools.
  • Maternity support programs, nursing benefits, and up to 14 weeks paid leave for birth parents and up to 4 weeks paid leave for non-birth parents.

For additional information and details regarding Grainger’s benefits, please click on the link below:

 

https://experience100.ehr.com/grainger/Home/Tools-Resources/Key-Resources/New-Hire

 

The pay range provided above is not a guarantee of compensation.  The range reflects the potential base pay for this role at the time of this posting based on the job grade for this position. Individual base pay compensation will depend, in part, on factors such as geographic work location and relevant experience and skills.   

The anticipated compensation range described above is subject to change and the compensation ultimately paid may be higher or lower than the range described above. 

Grainger reserves the right to amend, modify, or terminate its compensation and benefit programs in its sole discretion at any time, consistent with applicable law.  

 

 

 

Position Details

Senior Accountants help support Grainger's strategy by assuring end-to-end processes, controls and accurate financials. Through review, analysis, interpretation of financial metrics and benchmarking specific to inventory related activities, you will provide valuable insights. You will report to Manager, Cost Accounting.

 

This is a hybrid role and will be onsite in Lake Forest Tuesdays and Lake Forest or Chicago (Mart) Thursdays.

 

You Will

  • Apply GAAP while performing all Controllership activities
  • Ensure assigned GL accounts are reported and substantiated.
  • Prepare month end reporting and present analysis to Senior Management.
  • Ensure all important controls over financial reporting related to revenue and customer incentives are designed and operating effectively.
  • Support the quarterly reviews and annual financial statement audit performed by external auditors.
  • Complete balance sheet and income statement analytics and explain reasons for large variances.
  • Calculate essential metrics and explain deviations to historical periods.
  • Improve processes and deliverables by automating and refining within Controllership and other areas outside of Finance to improve decision-making and controls.
  • Partner with the business and financial management to understand sales performance and customer incentives for the business.
  • Assess risks and opportunities and identify essential operational and financial issues to be addressed. Provide recommendations to guide our decisions.

 

You Have

  • Bachelor's degree in accounting, finance, or related major and 3+ years of relevant experience
  • Experience identifying risks to assess whether controls are designed and operating appropriately
  • Financial statement knowledge including connectivity between Profit & Loss, Balance Sheet, and Cash Flow statements in addition to disclosure requirements.
  • Working knowledge of Generally Accepted Accounting Principles (GAAP), with research and implementation of new accounting standards
  • The ability to develop partnerships, and work with others to accomplish objectives.
  • The ability to work in Lake Forest and/or Chicago with a hybrid working environment – In-person 40%; Remote – 60%
  • Experience with Excel (can perform complex functions), Alteryx, Power BI, and Snowflake
  • Not required: CPA certification; experience at a public accounting 

 

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.

 

We are committed to fostering an inclusive, accessible environment that includes both providing reasonable accommodations to individuals with disabilities during the application and hiring process as well as throughout the course of one’s employment.  With this in mind, should you need a reasonable accommodation during the application and selection process, please advise us so that we can provide appropriate assistance.

Average salary estimate

$104300 / YEARLY (est.)
min
max
$78200K
$130400K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Accountant, Grainger Businesses

As a Senior Accountant at W.W. Grainger, Inc. in Chicago, Illinois, you'll play a dynamic role in supporting our ambitious strategy through vigilant control and accurate financial reporting. With a keen eye for detail, you'll ensure that our financial operations align with GAAP standards while collaborating closely with teams across the company. Your day-to-day tasks will include preparing month-end reports, providing insightful analysis to senior management, and verifying the integrity of our general ledger accounts. You'll hold the pen in driving financial processes, tackling inventory-related activities, and presenting metrics that offer clarity and guidance on our sales performance and customer incentives. Reporting to the Manager of Cost Accounting, you’ll have the opportunity to participate in quarterly reviews and help facilitate annual audits, ensuring that we maintain our integrity as a leader in our industry. Your expertise will be vital in identifying risks and opportunities while recommending actions to enhance decision-making. We value innovation, so your ability to improve and automate processes will be crucial in simplifying operations. With a hybrid work environment where you can balance in-office collaboration on Tuesdays and Thursdays with remote work, you'll enjoy flexibility while making impactful contributions to Grainger’s success. Join us, and let’s keep the world working together!

Frequently Asked Questions (FAQs) for Senior Accountant Role at Grainger Businesses
What are the key responsibilities of a Senior Accountant at Grainger?

As a Senior Accountant at Grainger, key responsibilities include applying GAAP standards during controllership activities, preparing month-end reporting, and ensuring the accuracy of financial metrics. You will also be responsible for analyzing balance sheets and income statements, managing the reporting of General Ledger accounts, and supporting quarterly financial reviews. Your insights will help shape strategic decisions by evaluating sales performance and customer incentives.

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What qualifications are required for the Senior Accountant position at Grainger?

To qualify for the Senior Accountant role at Grainger, candidates need a Bachelor's degree in accounting or finance, alongside a minimum of 3 years of relevant experience. Familiarity with GAAP, sound knowledge of financial statements, and proficiency in Excel and tools like Alteryx and Power BI are essential. While CPA certification is an asset, it is not mandatory for this position.

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What benefits does Grainger offer to Senior Accountants?

Senior Accountants at Grainger can enjoy a comprehensive benefits package that includes medical, dental, and vision insurance starting from day one, generous paid leave policies, and a 401(k) plan with a 6% company contribution. Other perks include tuition reimbursement, employee discounts, mental health support, and enhanced parental leave programs. This commitment to employee well-being demonstrates Grainger's dedication to fostering a supportive work environment.

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What is the work environment like for the Senior Accountant at Grainger?

The work environment for a Senior Accountant at Grainger is hybrid, allowing flexibility between remote work and in-office collaboration. Team members typically work on-site in Lake Forest or Chicago two days a week, providing opportunities for face-to-face interaction while still enjoying the convenience of remote work. This balance promotes collaboration and innovation while maintaining a rewarding work-life balance.

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How does a Senior Accountant contribute to Grainger's success?

A Senior Accountant at Grainger contributes significantly by ensuring the integrity and accuracy of financial reporting, identifying operational risks, and providing strategic financial insights. By analyzing key metrics and reporting findings to senior management, they help steer the company's financial strategies, supporting their reputation as a leading distributor in the industry.

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Common Interview Questions for Senior Accountant
Can you explain how GAAP affects financial reporting as a Senior Accountant?

Understanding the principles of GAAP is crucial for a Senior Accountant as it establishes standards for financial reporting. You should be prepared to discuss how you have applied GAAP in your previous roles, any challenges you faced, and how you ensured compliance while maintaining accurate financial statements.

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What experience do you have with financial audits?

When discussing your experience with financial audits, highlight specific examples where you supported external auditors or participated in the auditing process. Emphasize your role in preparing necessary documents, ensuring compliance, and resolving discrepancies in financial reports to provide a comprehensive picture of your capability.

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How do you handle discrepancies in financial statements?

Handling discrepancies requires a systematic approach. You can discuss your methods for investigating the root cause, whether it's reviewing entries, reconciling accounts, or communicating with relevant departments to gather information. Demonstrating attention to detail and analytical thinking is key here.

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Describe a time you contributed to process improvements in financial reporting.

Provide an example of a specific process you identified as inefficient, explain the steps you took to refine it, and showcase the positive impact on time savings or accuracy. This will illustrate your initiative and problem-solving skills, which are invaluable to a Senior Accountant's role.

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How do you prioritize your tasks when managing multiple deadlines?

Discuss your prioritization strategies, such as using a task management system, creating timelines for deliverables, and communicating with teammates about workload. Highlighting your time management skills will reassure interviewers of your capability to meet the demands of a Senior Accountant.

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What accounting software are you familiar with?

Be prepared to discuss your experience with accounting software like SAP, Oracle, or QuickBooks, as well as other analytical tools like Power BI or Snowflake. Providing examples of how you've used these tools to improve reporting or analysis will help convey your technical proficiency.

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How do you stay current with changes in accounting standards?

Discuss how you keep up-to-date with the latest accounting changes—whether it's through professional courses, webinars, or following accounting organizations. Showing your commitment to continuous learning will demonstrate your professionalism in the accounting field.

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In your opinion, what’s the most important aspect of financial reporting?

Consider elements such as accuracy, transparency, and compliance with regulations. Present your viewpoint clearly, and be ready to support it with examples from your experience, illustrating why you believe those aspects are critical in a Senior Accountant's role.

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Can you discuss a successful recommendation you made based on your financial analysis?

Provide an example of a time your financial analysis revealed critical insights that led to a positive change in strategy. Detail the situation, your analysis, and the outcome to highlight your analytical abilities and business acumen.

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What strategies do you use to effectively communicate financial information to non-financial stakeholders?

Explain how you tailor your communication style to suit different audiences. This might include using clear visuals, focusing on key takeaways, or ensuring you contextualize financial data to facilitate understanding without overwhelming your audience.

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TEAM SIZE
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HQ LOCATION
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EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
April 3, 2025

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