Accounts Receivable Specialist

itw· 001 - Illinois Tool Works Inc.
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📍 Richton Park - 60471Full time

About this role

Job Description:

Position Summary

SCNA manufactures engineered components for automotive and other OEM customers. The AR Specialist owns the order-to-cash back end for assigned customers: accurate billing, timely cash application, proactive collections, and clean reporting. The role works closely with Customer Service, Logistics, Sales, and Plant Finance to keep receivables current and resolve disputes quickly, and helps ensure every transaction supports a clear, auditable close.

Key Responsibilities

Billing and Invoicing

  • Review and release customer invoices, ensuring pricing, terms, and shipping documentation are correct
  • Support customer-specific billing requirements, including OEM portals, EDI, and price adjustments or retroactive billings
  • Coordinate with Sales and Pricing on contract changes, index-based adjustments, and credit/debit memos

Cash Application and Collections

  • Apply customer payments daily and resolve unapplied cash and short-pays
  • Monitor aging and run a disciplined collections cadence, escalating past-dues as needed
  • Maintain customer credit files and flag credit risk to the Accounting Manager

Disputes and Deductions

  • Investigate, document, and resolve pricing, quantity, quality, and freight deductions
  • Escalate unresolved or high-value disputes to the Accounting Manager with documentation and a recommended resolution
  • Partner with plants and Customer Service to root-cause recurring issues and drive corrective action

Month-End Close and Reporting

  • Prepare AR subledger-to-general-ledger reconciliations and support a timely month-end close
  • Prepare AR aging, DSO, and past-due reporting for Accounting Manager review
  • Propose reserve (allowance for doubtful accounts) recommendations for management approval
  • Support intercompany AR activity where applicable
  • Assist with audit requests, internal control (ICQ) testing, and supporting documentation

Process Improvement

  • Identify opportunities to automate billing, cash application, and collections workflows
  • Contribute to standard work and documentation using ITW's 80/20 mindset: focus effort on the customers and issues that drive most of the value or risk


Qualifications

Required

  • Bachelor's degree in Accounting, Finance, or equivalent experience
  • 2–4 years of AR, billing, or collections experience, preferably in a manufacturing environment
  • Working knowledge of ERP systems (e.g., SAP, Oracle, or similar) and advanced Excel (pivot tables, lookups)
  • Strong attention to detail
  • Clear written and verbal communication with customers and internal stakeholders

Preferred

  • Experience with automotive OEM customers, customer portals, and deduction management
  • Familiarity with Power BI or other reporting tools


Core Competencies

  • Ownership and urgency on collections and open items
  • Analytical, problem-solving mindset
  • Collaboration across Finance, Operations, and Commercial teams
  • Integrity and strong internal-controls discipline

Compensation Information:

$23 - $25

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.

Frequently Asked Questions

Is the salary disclosed for the Accounts Receivable Specialist position at itw?
The salary for this Accounts Receivable Specialist role at itw is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Accounts Receivable Specialist position at itw located?
This Accounts Receivable Specialist role at itw is based in Richton Park - 60471. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Accounts Receivable Specialist role at itw full-time or part-time?
This is listed as a Full time position. It is posted as a Accounts Receivable Specialist role in the 001 - Illinois Tool Works Inc. department at itw.
Which team or department does the Accounts Receivable Specialist at itw belong to?
This Accounts Receivable Specialist position is part of the 001 - Illinois Tool Works Inc. department at itw. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Accounts Receivable Specialist position at itw?
Click the "Apply Now" button on this page. You will be redirected to itw's official application portal hosted on workday where you can submit your application directly.
When was the Accounts Receivable Specialist job at itw posted?
This Accounts Receivable Specialist position at itw was posted on Oct 14, 2026. Apply as soon as possible — early applications are often reviewed first.
Accounts Receivable Specialist
itw
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