Accounting Intern (Year-Round, Part-Time)

Company Overview:

Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified, Fortune 200 manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune Magazine's most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's revenues total $14.8 billion in 2018.

This is not a summer internship, we have an immediate need to fill this position.

At a minimum, student must currently be enrolled in 3rd or 4th year of college to be considered.

SUMMARY

This part-time internship provides the opportunity to gain experience in multiple areas of accounting.

LEARNING OPPORTUNITIES

• Accounts Payable invoice processing using 3-way match

• Verification of daily inventory receiving transactions

• Weekly check run and EFT payment generation

• Vendor inquiries and AP statement review for discrepancies, past dues, etc.

• Received not Invoiced monitoring

• Customer billing; collections processes, and cash application

• Month-end close process (AP accrual; journal entries; account reconciliations)

• RMA & Inventory transaction exposure

• Annual physical inventory

• Year-end 1099 filing

Education and Work Experience

• High school diploma or GED

• 2+ years of Accounting or business-related course

• At a minimum, student must currently be enrolled in 3rd or 4th year of college to be considered

• Knowledge of basic accounting procedures

• Must possess key leadership qualities, including flexibility, reliability, self-starter and effective team player and communicator

• Must have a positive attitude focused on understanding, anticipating and responding to the needs of our customers, both internal and external to the department and company

Competencies

• Effective communications skills

• Excel skills at a high beginner level or low intermediate level

• Self-motivated

PHYSICAL DEMANDS & WORK ENVIRONMENT

Physical Demands

While performing the duties of this Job, the employee is:

• Regularly required to sit at a desk

• Frequently required to use various electronic equipment

• Occasionally required to go to other departments to collect further information

Working Conditions

• Mostly office environment

• Work area located on second floor, stair only

• Occasional traversing the shop floor areas

Hours of Work

• TBD

Benefits:

Take this opportunity to join a successful and enthusiastic global team where you can make a significant impact immediately. You will enjoy a competitive salary and a generous benefits package that includes health, dental, life, LTD insurance, 401k (with company match), employee assistance, wellness and 100% tuition reimbursement programs. ITW is an Equal Opportunity/Affirmative Action employer.

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/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.