Cost Accounting Analyst
at ITW Employee Network

Date Posted: 7/6/2020

Job Description


Job Title: Cost Accounting Analyst

Division: Engine Repair


Perform costing, inventory, credit review and other accounting functions according to established procedures or as directed by management.

Essential Duties and Responsibilities: 

  • Gather and review data to ensure the costs of production related materials, labor and inventory are accurately reflected in the ledger.
  • Perform reviews of the perpetual inventory to the ledger as well as make/buy analysis for capital spend decisions.
  • Prepare and enter journal entries related to freight, fixed assets, inventory, manufacturing variances and other operations-related activities. 
  • Responsible for monthly account analysis and reconciliation of specific ledger accounts.
  • Assist with the planning, execution and reconciliation of the annual physical inventory and standard cost roll.
  • Assist with insights into inventory and transaction activity, including any potential problem areas such as obsolete or slow-moving inventory, or transaction input errors.
  • Backup for AP/AR functions; manage outstanding checks; assist in 1099 preparation.
  • Review payables and provide a weekly check run number for Accounting Manager.
  • Responsible for reviewing credit memo requests and researching aged Accounts Receivable
  • Perform such other accounting, financial or administrative tasks, including special projects.

Working Relationships

Directly report into the Division Controller with oversight by the Accounting Manager.  Will work closely with AP/AR Specialist to provide backup support.  Daily interaction with rest of Accounting department and Operations. 


  • Bachelor’s degree required in accounting or finance
  • Minimum 3-5 years of related experience with at least 2 solid years of Cost Accounting in a Manufacturing Environment
  • Must have a strong Cost systems background with excellent analytical skills and sound understanding of accounting principals
  • Ability to maintain a high level of confidentiality required
  • Intermediate Excel (PivotTables/Lookups) and general PC knowledge required
  • Understanding of Access and relational databases is a plus or desire/ability to learn these skills
  • Experience with JD Edwards system a plus.
  • Good communication, interpersonal skills, and maintaining a professional demeanor are necessary

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. This job description should not be construed to contain every function/responsibility that may be required to be performed by an incumbent in this position.  Incumbents are required to perform other related functions as assigned.

Job Snapshot

  • Employee Type: Full-Time
  • Location: Solon, OH
  • Job Type: Accounting
  • Experience: Not Specified
  • Date Posted: 7/6/2020

About Us

Welcome to the ITW My Career Opportunities Site!

To help you make the most of the opportunities available to you within the company, ITW’s My Career Opportunities Site and Employee Talent Network help you access information on internal openings.

  • My Career Opportunities Site allows you to both search and apply for job openings across ITW
  • The ITW Employee Talent Network offers you the opportunity to create a job interest profile based on your interests and experience. Once you join the network and create your profile, you’ll receive alerts when internal openings match your profile.

Remember, in order to be eligible to apply for an internal opening, you must be in your current role for a minimum of 12 months and meet performance expectations. Eligibility exceptions need to be approved by your human resources professional and business leader. For more information, please see the FAQ section of this website or the employee resource guide located here.

**If you have any employment contract limitations, please consider those before applying.

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.

EEO is the Law
Applicants and employees of ITW are protected under Federal law from discrimination on several bases. Follow the link above to read more.