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Staff Accountant - job 1 of 3

Company DescriptionAt ITW Food Equipment Group, people and food are our passion. We believe great food brings people together, and the relationships we share feed our inspiration to be the best we can be for one another.Our family of premium brands has been dedicated for more than a century to supporting those who are not only passionate about creating great food but are inspired by the people they serve and come to know on a daily basis.Likewise, it is our mission to provide food equipment that foodservice and food retail professionals can trust to work hard and deliver quality, consistent results day in and day out, empowering them to focus on what they love most—creating great food for great people.ITW offers its employees a path for advancement, a competitive salary, and a comprehensive benefits package designed to help employees care for themselves, their families, and their futures.We are looking for an experienced accountant to join our team in Troy, Ohio. This position reports directly to the Accounting Manager and will work directly with the members of Hobart Sales & Marketing accounting/finance team. The position will require frequent contact with both internal and external personnel that will require professionalism, courtesy and tact. The position requires a highly organized individual capable of multitasking in a fast-paced environment. They will be a self-starter capable of independent work and possess attention to detail, focusing on accuracy.Job DescriptionJob Responsibilities• Process AP Invoices, verifying that the correct approvals are included on/with the invoice• Responsible for verifying any address or bank account changes received with the vendor• Responsible for approval signatures for those changes and maintaining the tracking log• Preparing all wire transfer payments for review with supporting documentation• Preparing month reconciliations for the Cash Accounts, Accounts Payable, In-Transit inventory and other assigned Reserve Accounts• Work with Cash Application to ensure that Cash Receipts account is in balance and resolve any issues promptly• Preparing Journal entries for travel cards, P Cards and other assigned Journal entries• Manage the amortization of all maintenance contracts and manage our prepaid show account.• Prepare Journal entries for month amortization amounts, working with IT to make sure new contracts are received• Verifying the Show invoices received include the month the show is to take place, prepare journal entries in the month that the show happens• Manage & Maintain Fixed Assets• Add and Dispose of Fixed Assets• Run and Record Monthly Depreciation• Manage Fixed Asset audit as required by policy• Calculate the month Sales & Use Tax for the State of Ohio, prepare the journal entry• Perform month-end closing procedures and reporting• Assist both internal and external auditors during audit engagements• Engage in assigned projects focusing on continuous improvement by applying key 80/20, PLS, and USa principles and techniques. Make process improvement/efficiency recommendations. Champion the use of the ITW toolbox• Maintain good internal control procedures to safeguard company assets in accordance with ITW Financial Policy and US GAAP• Other duties may be assignedQualificationsMinimum Qualifications• Bachelor’s degree in accounting or business administration with an emphasis in Accounting required• Minimum 1 year accounting experience in related field, audit experience a plus• High level of accuracy and attention to detail• Excellent data entry, organizational, and problem-solving skills• Capable of working independently and managing to deadlines• Able to be diversified, to multi-task, and to prioritize• Must be proficient in MS Office Suite with highly advanced Excel skills including the ability to create and edit pivot tables, charts and graphs.• Knowledge of US GAAP reporting and experience in their application• Must possess a strong willingness to learn and high-level of curiosity with the proven ability to self-teachPreferred Qualifications• Proficient in the use of ERP systemsAdditional InformationITW is 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 by law.The base salary pay range for this position is noted below. The specific pay rate upon hire will depend on a combination of work location and the successful candidate’s qualifications and prior experience$64,000 - $92,000We do not accept unsolicited resumes. To be considered an applicant, please apply online to a specific job posting.If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please click here for information on how to contact us directly.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.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.

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What You Should Know About Staff Accountant, ITW

Join ITW Food Equipment Group as a Staff Accountant in Troy, OH, where your passion for numbers will thrive in an environment that values food and people. At ITW, we believe great food brings people together, and our commitment to excellence applies to everything we do, especially our accounting team. In this role, you'll report directly to the Accounting Manager and collaborate closely with the Hobart Sales & Marketing team to ensure our financial reports reflect our hard work and dedication. You'll be responsible for processing AP invoices with precision, managing vendor changes, and preparing vital documentation for wire transfers. Your attention to detail will shine as you conduct month-end reconciliations, prepare journal entries, and oversee fixed asset management. We're looking for someone who is not just numbers-savvy but also values professional relationships—communicating effectively with both internal and external personnel is key. You'll work independently in a fast-paced environment while also championing continuous improvement initiatives. If you have a bachelor's degree in accounting or business administration with at least one year of experience, as well as advanced Excel skills, we want to hear from you. Join our passionate team at ITW, where your contributions will empower food service professionals to create great meals for great people.

Frequently Asked Questions (FAQs) for Staff Accountant Role at ITW
What are the key responsibilities of a Staff Accountant at ITW Food Equipment Group?

As a Staff Accountant at ITW Food Equipment Group, key responsibilities include processing AP invoices, preparing monthly reconciliations, managing fixed assets, and overseeing wire transfer payments. You'll also be responsible for preparing journal entries related to travel cards, entering necessary documentation, and ensuring compliance with US GAAP standards.

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What qualifications do I need to apply for the Staff Accountant position at ITW Food Equipment Group?

To apply for the Staff Accountant position at ITW Food Equipment Group, candidates need a bachelor’s degree in accounting or business administration with an emphasis in Accounting, along with a minimum of one year of related accounting experience. Proficiency in MS Office Suite, particularly advanced Excel skills, and a strong willingness to learn are essential for success.

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What is the salary range for the Staff Accountant role at ITW Food Equipment Group?

The salary range for the Staff Accountant position at ITW Food Equipment Group is between $64,000 and $92,000, based on the candidate’s qualifications and experience. This competitive salary reflects our commitment to valuing the skills and contributions of our team members.

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Is experience with ERP systems necessary for the Staff Accountant position at ITW Food Equipment Group?

While not strictly required, proficiency in the use of ERP systems is preferred for the Staff Accountant position at ITW Food Equipment Group. Familiarity with ERP can enhance your efficiency in managing financial tasks and can give you an edge in the hiring process.

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How does ITW Food Equipment Group support employee advancement for the Staff Accountant role?

ITW Food Equipment Group offers a clear path for advancement, supported by a comprehensive benefits package and ongoing opportunities for professional development, ensuring employees can grow their careers and enhance their skills while contributing to the company's mission.

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Common Interview Questions for Staff Accountant
Can you describe your experience with accounts payable processes as a Staff Accountant?

When answering this question, highlight specific instances where you've processed invoices, managed vendor interactions, or overseen payment approvals. Emphasize your attention to detail and how you ensure accuracy in every transaction.

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How do you ensure accuracy when preparing monthly reconciliations?

Explain your systematic approach to monthly reconciliations, including how you organize data, double-check figures, and resolve discrepancies. Providing an example of a challenging reconciliation process can demonstrate your problem-solving skills.

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What accounting software or ERP systems are you familiar with?

Discuss any relevant accounting software or ERP systems you’ve used, highlighting your proficiency and any specific tasks you performed. This shows your adaptability and technical skills in the accounting field.

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How do you prioritize multiple accounting tasks in a fast-paced environment?

Share your strategies for prioritization, such as using to-do lists, setting deadlines, and communicating with your team. Highlight a specific example of a time when you successfully managed multiple tasks simultaneously.

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Can you explain the concept of US GAAP and its importance in accounting?

Provide a succinct explanation of US GAAP (Generally Accepted Accounting Principles), and discuss why adherence to these standards is critical for accurate financial reporting and maintaining investor trust.

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Describe a time when you identified a process for improvement in your accounting work.

Illustrate an example where you implemented a process improvement that streamlined operations, reduced errors, or enhanced efficiency. This shows your initiative and dedication to continuous improvement.

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What techniques do you use to minimize errors in data entry and financial reporting?

Speak about specific techniques you employ, such as reviewing data multiple times, utilizing software features, and establishing double-check protocols. This indicates your commitment to accuracy.

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How do you handle discrepancies found during reconciliations?

Explain your approach to identifying and addressing discrepancies, such as gathering necessary documentation, communicating with relevant parties, and making adjustments to ensure accuracy.

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What steps do you take when preparing journal entries?

Detail your process for preparing journal entries, including data collection, analysis, and ensuring all necessary documentation is in place. This reflects your organization and attention to detail.

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Can you discuss a challenging audit experience and how you handled it?

Describe a specific audit scenario, your role in the process, and how you resolved challenges that arose, demonstrating your capacity to work collaboratively with auditors and maintain compliance.

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You see ITW’s Values -- Integrity, Simplicity, Trust, Respect & Shared Risk – in action every day in how we treat each other and how our leaders lead.

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Full-time, on-site
DATE POSTED
December 13, 2024

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