ITW Global Brands Canada is a regional business unit of the $16B multinational company Illinois Tool Works Inc. We are the leading marketer and distributor of core ITW brands including: Permatex®, Rain-X®, Spray Nine®, Black Magic®, Slime®, Fast Orange®, Fix-A-Flat®, and Gumout®.
Position Summary
The Accounts Receivable Accountant is responsible for managing accounts receivable activities and supporting month-end and year-end financial close processes. This role manages customer deductions and resolves payment discrepancies while ensuring accurate accounting records and timely collections.
The successful candidate is detail-oriented, analytical, and proactive, with the ability to build strong working relationships across departments and with external customers while supporting effective AR management and operational excellence.
Key Responsibilities
- Process and maintain customer remittances, cash applications, credit notes, and deductions; reconcile customer accounts and investigate unapplied cash, short payments, and discrepancies.
- Prepare aging reports and communicate collection status to management, including analysis and recommendations related to receivables, deductions, and customer account balances.
- Follow up on outstanding receivables and collaborate with customers, sales, and internal stakeholders to investigate and resolve deduction and payment discrepancies.
- Prepare AR-related month-end journal entries, account reconciliations, and supporting schedules, ensuring the accuracy of accounts receivable balances, customer deductions, and related financial records.
- Support internal and external audits by providing documentation and analysis.
- Identify and support improvements to Accounts Receivable processes, controls, and efficiencies.
- Maintain organized accounting records and ensure supporting documentation is properly filed within the document management system.
- Perform other accounting and finance-related duties as assigned.
Qualifications
- Post-secondary diploma or degree is preferred, Accounting, or related field.
- 2-3 years of accounting experience, preferably with strong exposure to accounts receivable and customer deductions.
- Strong understanding of accounting principles and financial reporting.
- Experience with ERP systems and advanced Microsoft Excel skills, including pivot tables, lookups, data analysis, and Power Query; Power BI experience is an asset.
- Excellent analytical, organizational, and problem-solving skills.
- Strong communication skills with the ability to work effectively across departments and with external customers.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
Key Competencies
- Attention to Detail
- Analytical Thinking
- Customer Focus
- Communication & Relationship Management
- Accountability
- Collaboration
- Time Management & Prioritization
- Continuous Improvement
Additional Information
ITW will consider several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidate's work experience, education, training, and key skills.
Employees may be eligible to participate in ITW's performance incentive program, subject to applicable plan terms and individual and company performance.
This role will have the opportunity for a hybrid work-from-office and work-from-home schedule. The candidate must reside within an appropriate commute distance of the company’s Oakville office. During the probationary and training period, the candidate will be required to work more often at the Oakville office.
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.
Pay: From $61,000.00 per year
Benefits:
- Company pension
- Dental care
- Employee assistance program
- Extended health care
- On-site parking
- Paid time off
- RRSP match
Ability to commute/relocate:
- Oakville, ON L6H 6M5: reliably commute or plan to relocate before starting work (required)
Experience:
- Accounts Receivable or Accounting: 2 years (preferred)
Language:
Work Location: Hybrid remote in Oakville, ON L6H 6M5
