Sr Analyst Corporate Accounting

Since its founding more than 100 years ago, ITW has become one of the world's leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on developing innovative solutions—most of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for our innovative products.

ITW's differentiated business model comprises unique core capabilities: our proprietary 80/20 business process, customer‑back innovation, and our well‑known decentralized entrepreneurial culture. These capabilities are unmistakably ITW—and key to our longevity and strong performance.

ITW's products and solutions are at work all over the world, in deep‑sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.

ITW (NYSE: ITW) is a Fortune 300 global multi‑industry manufacturing leader with revenue of $15.9 billion in 2024 and employs ~44,000 people operating in 51 countries. Our headquarters are in Glenview, IL. We offer a fitness center at no cost to employees, a cafe, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more.

We are just a block away from the nearest Metra station, and it is a quick 20‑minute train ride to downtown Chicago, museums, lakefront, and other activities.

More details on our benefits can be found on our website at

Senior Analyst, Corporate Accounting is a high‑performing, detail‑oriented role that plays a critical part in ensuring the accurate accounting, reporting, and compliance for ITW's U.S. managed employee health and welfare benefit plans, including medical, prescription drug, dental, vision, life, disability, HSA, and flexible spending arrangements.

This position offers hands‑on ownership of complex accounting processes, significant interaction with internal business partners and external service providers, and exposure to SEC reporting and benefit plan audits. The Senior Analyst reports to the Senior Manager, Corporate Accounting, and collaborates closely with Human Resources, External Reporting, Tax, Treasury, and internal and external auditors.

• Own the monthly, quarterly, and annual accounting and close processes for U.S. employee health and welfare benefit plans, ensuring compliance with U.S. GAAP.
• Prepare, review, and post journal entries; perform account reconciliations; analyze variances; and investigate and resolve reconciling items.
• Ensure accurate recognition of benefit costs, liabilities, reserves, and settlements, including claims incurred but not reported (IBNR).

• Support the annual budgeting and periodic forecasting processes for assigned benefit programs.
• Analyze actual results versus budget and forecast, identify key drivers, and provide clear explanations to management.
• Develop and maintain supporting models and analytical schedules related to benefit plan costs and obligations.

• Work with third‑party administrators, insurers, and other vendors to interpret data from multiple systems and formats and translate it into accurate accounting and reporting.
• Partner with plan actuaries to ensure appropriate measurement and recording of retiree health and welfare benefit obligations.
• Collaborate with Human Resources to understand plan design changes, new programs, and emerging trends and assess accounting implications.

• Assist in the preparation and review of quarterly and annual financial reporting deliverables, including disclosures for Forms 10‑Q and 10‑K related to employee benefits.
• Support the preparation of benefit plan financial statements and related schedules used in Forms 5500 and 990 filings.
• Serve as a key point of contact for external auditors, internal…