Illinois Tool Works

Business Unit Controller

Illinois Tool Works • $130K — $170K *
Richton Park, IL 60471In-Person
Manufacturing & Automotive
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance; CPA or CMA preferred
  • 7-10 years of progressive finance experience in manufacturing
  • Previous Controller level experience is required
  • Demonstrated FP&A leadership in planning, forecasting, and variance analysis
  • Experience partnering with Operations leadership for cost improvements
  • Strong internal controls background with audit experience
  • Proven leadership in managing and developing finance teams

Responsibilities

  • Own the P&L narrative and financial results for both facilities
  • Lead Annual Plan, Critical Forecast, and Monthly Outlook
  • Provide profitability data for P&L strategy
  • Drive improvements in forecasting accuracy and timeliness
  • Analyze variances to forecast and plan with recommendations
  • Provide visibility to key financial metrics to plant management
  • Partner with operations to monitor performance and improve costs
  • Support financial justification for capital requests
  • Lead ITW Toolbox Initiatives within the business
  • Own internal control environment and manage audit relationships
  • Ensure compliance with financial policies
  • Manage and develop the accounting team

Benefits

  • Opportunities for professional development
  • Leadership role with visibility and impact
  • Engagement in continuous improvement initiatives
  • Collaborative work environment across multiple sites
  • Dynamic role with varied responsibilities in finance and operations
Full Job Description
Job Description:

The US Ops Controller is the single point of accountability for US finance across both the Richton Park and Mokena facilities, reporting directly to the Division Controller. This role owns the business outcome for both plants : driving the Annual Plan, Critical Forecast, and Monthly Outlook, partnering with plant operations leadership to improve cost and productivity, and owning the internal control environment and external audit relationship. The US Ops Controller leads the broader US accounting organization, and represents US finance to the Division Controller and site leadership.

ESSENTIAL FUNCTIONS
  • Own the P&L narrative and financial results for both Richton Park and Mokena
  • Lead the Annual Plan, Critical Forecast, and Monthly Outlook across both plants
  • Feed plant-level profitability data and analysis into the Division Controller's segmented P&L strategy
  • Drive improvements in monthly and critical-quarter forecasting accuracy and timeliness
  • Analyze and communicate significant variances to forecast and plan, with clear recommendations to management
  • Provide plant management visibility to key metrics throughout the month (daily, weekly, MTD actual vs. forecast)
  • Partner with plant operations leadership to monitor performance and improve cost, specifically productivity/labor, scrap, warranty, and premium freight
  • Help Operations understand the financial impact of their decisions
  • Partner with the Division Controller and Operations on financial justification for capital requests, including ROI, NPV, and Payback
  • Lead and/or participate in ITW Toolbox Initiatives within the business (80/20, USa, PLS)
  • Own the internal control environment across both plants; serve as primary external audit contact and ensure above-average results on internal audits
  • Ensure compliance with ITW Financial Policies and Procedures across both plants
  • Manage and develop the team, and build a talent pipeline across the broader US accounting organization
  • Represent US finance to the Division Controller and site leadership
  • Other projects as business requires


MINIMUM QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor's degree in Accounting or Finance; CPA or CMA preferred, along with a strong inventory/cost background
  • 7-10 years of progressive finance experience in a manufacturing environment, including multi-site responsibility and/or greater than $75 million in combined annual revenue
  • Prior Controller level experience required; experience at a publicly traded or private-equity-backed company is a plus
  • Demonstrated FP&A leadership : Annual Plan, forecasting, variance analysis. Not solely close/technical accounting background
  • Proven track record partnering with Operations leadership to drive cost and productivity improvement, ideally with 80/20 or similar continuous improvement exposure
  • Strong internal controls background and comfort serving as the primary contact for external audit
  • Demonstrated people leadership : managing and developing direct reports who themselves lead a broader team
  • Strong analytical and problem-solving skills; ability to set key financial performance indicators and communicate recommendations that change business decisions
  • Proven time management and prioritization ability across multiple sites and competing priorities


Compensation Information:

$130k-$170k

About Illinois Tool Works

ITW is an industrial manufacturing company that specializes in the fields of industrial machinery, engineering, operations, sales, marketing, finance, and accounting. It's in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which they live and work, the cars they drive, and the mobile devices they rely on. It was founded in 1912 and headquartered in Glenview Nas, Illinois.

Illinois Tool Works Careers

Join the dynamic team at Illinois Tool Works (ITW), a global leader in diversified manufacturing, where innovation and excellence drive us forward. ITW offers unparalleled job opportunities, fostering a culture of growth and leadership in the industry.

Work You’ll Do

At Illinois Tool Works, you will be part of a professional community that thrives on creativity and innovation. Our employees are equipped with the skills needed to succeed and are provided with endless opportunities for professional growth. Engage in work that matters, with projects that transform industries and enhance futures.

Explore Career Paths

Whether you're seeking an internship, a graduate opportunity, or a seasoned professional position, ITW offers a range of career paths across various departments. Our team benefits from a supportive and diverse working environment where every member’s contribution is valued.

Innovate and Lead

Join a team where innovation leads to revolutionary solutions in industries worldwide. At ITW, you will work alongside industry experts to develop new ideas and strategies that keep us at the forefront of technological advancements. Your career at ITW will be marked by a continuous journey of growth and leadership.

Develop Your Skills

With ITW’s commitment to professional development and diversity training, you will enhance your skills through targeted training programs and workshops. These opportunities not only boost your career but also ensure you stay competitive in the job market.

Be Part of Our Culture

ITW is dedicated to building a culture that respects and embraces diversity, encourages innovation, and fosters leadership. Our team is our greatest asset, and we believe in providing them with the benefits and resources they need to succeed both professionally and personally.

Networking and Professional Growth

Expand your professional network through ITW’s global presence and collaborative work environment. Engage with professionals across different sectors, gaining insights that can lead to significant career advancements. Our networking events and professional groups help you connect with key industry leaders and peers.

Join Our Team

Search for open positions that match your skills and interests on the ITW Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level.

Stay Connected

Keep up to date with the latest industry trends, company news, and career tips by following our careers blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences and career goals. Explore the opportunities at Illinois Tool Works today and discover how your expertise can help shape the future of our company and the industries we serve. Join us in our mission to achieve excellence through innovation and leadership.
Learn more about Illinois Tool Works
Size
45,000 employees
Market Cap
$68.1 billion
Industry
Manufacturing & Automotive
Net Income
$2.1 billion
Founded
1912
5 Year Trend
+1.2%
Revenue
$12.5 billion
NASDAQ
ITW
* Ladders Estimates

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