Illinois Tool Works

Controller

Illinois Tool Works • $122K — $140K *
Lake Bluff, IL 60044Hybrid
Manufacturing & Automotive
5 - 7 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance
  • 7+ years of relevant experience; manufacturing industry preferred
  • Detail oriented and organized under tight deadlines
  • Strong PC skills with advanced MS Excel expertise
  • Knowledge of SQL and Microsoft Dynamics NAV preferred
  • Excellent communication and cross-functional collaboration skills
  • Understanding of GAAP standards

Responsibilities

  • Manage the month-end close process and drive financial review with Division Controller
  • Ensure financial records' accuracy and integrity per ITW policy and GAAP standards
  • Provide leadership and coaching to the accounting team
  • Oversee financial aspects of inventory management and reporting
  • Support forecasting process by gathering inputs across the organization
  • Prepare and facilitate Quarterly Sales Commission calculations
  • Lead financial planning for Annual and Long-Range Plans
  • Manage day-to-day accounting activities including receivables and payables

Benefits

  • Collaborative work environment
  • Opportunities for professional development
  • Participation in an annual incentive plan
  • Potential for some international travel
  • Engagement with division leadership on strategic issues
Full Job Description
Job Description:

The key position of Business Unit Controller for North America will report directly to the Global Division Controller and will be responsible for all aspects of the accounting function and financial reporting for the business unit, including maintaining internal controls, managing a small accounting team, budgeting, forecasting and financial analysis. The BU Controller will be expected to be a champion of the ITW toolbox that promotes simplification, continuous improvement and prioritizing significant issues/opportunities.
  • Manage the month-end close process. Prepare/review monthly journal entries, account reconciliations, and supporting documentation. Drive the month-end financial review with the Division Controller.
  • Ensure accuracy of financial records and integrity of data as required in accordance with ITW policy and GAAP. Ensure application of ITW top thirteen controls.
  • Provide leadership and oversight to the accounting team through goal-setting, performance management and day-to-day coaching and development. Review direct reports' account reconciliation and support, signing off on end result.
  • Manage all financial aspects of the inventory including inventory reconciliation, annual physical inventory, slow & obsolete reporting, and inventory management in cooperation with the operations teams. Measure, monitor and analyze inventory trends, and drive improvement.
  • Support the monthly/quarterly forecasting process by eliciting input from throughout the organization to provide an accurate financial picture of the business unit.
  • Prepare Quarterly Sales Commission calculations and facilitate approvals and payments with Human Resources.
  • Lead financial planning activities for Annual Plan and Long-Range Plan under the direction of the Division Controller.
  • Manage day-to-day accounting activities including accounts receivable, accounts payable, expense approval and reporting, capital projects, and fixed assets monitoring.
  • Partner with Division leadership on all operational and strategic issues as they arise; provide strategic recommendations based on financial analysis and projections.


Qualifications
  • Bachelor's degree in Accounting or Finance
  • 7+ years of relevant experience; manufacturing industry preferred
  • Detailed orientated, organized, and able to work under pressure to meet deadlines
  • Strong PC skills, data mining skills, system savvy and advanced understanding of MS Excel
  • Knowledge of SQL and Microsoft Dynamics NAV preferred
  • International experience, a plus but not required
  • Good communication skills; proven experience working cross-functionally
  • Understanding of GAAP.
  • Prior experience managing account receivables/payable team, a plus
  • Some international travel possible.
  • Ability to work on-site for collaborative opportunities on occasion


Compensation Information:

The base salary for this position is $122,000-$140,000. This position is also eligible to participate in an annual incentive plan. Pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

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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