Illinois Tool Works

Division Controller

Illinois Tool Works • $110K — $130K *
Solon, OH 44139In-Person
Manufacturing & Automotive
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, or a related field; CPA, CMA, MBA preferred.
  • 8+ years of progressive finance or accounting experience, with expertise in financial reporting, forecasting, and cost accounting.
  • 5+ years of financial management experience with direct people leadership responsibilities.
  • Manufacturing finance experience, preferably as a Plant Controller or Division Controller.
  • Strong business acumen with excellent communication skills and ability to simplify complex data.
  • Advanced Excel skills and familiarity with JD Edwards or similar financial systems; ability to maintain confidentiality.

Responsibilities

  • Partner with leadership to provide financial insights for strategic planning and growth initiatives.
  • Lead financial planning and forecasting processes, ensuring clear communication of risks and opportunities.
  • Prepare and communicate monthly financial results and variance analyses to support decision-making.
  • Oversee all financial operations including accounting, inventory, and compliance with company policies.
  • Collaborate with various departments to evaluate performance and drive actions that enhance growth and ROI.
  • Apply the ITW Business Model to improve processes and develop a high-performing Finance team.

Benefits

  • Visible leadership role influencing division strategy and performance.
  • Autonomy to operate with an entrepreneurial mindset in a decentralized culture.
  • Opportunity to develop and lead a Finance team across the organization.
  • Access to ITW development opportunities and competitive total rewards package.
Full Job Description
Job Description:

What You Will Do
• Partner with the VP/GM and Division Leadership Team to provide financial insight and recommendations for annual and long-range plans, growth initiatives, pricing, product and customer decisions, operational priorities, and talent investments.
• Lead financial planning and forecasting, including monthly outlooks, quarterly reviews, the annual operating plan, and long-range planning, with clear assumptions, risks, opportunities, and recommended actions.
• Prepare and communicate accurate monthly results, variance analysis, forecasts, and performance metrics that improve decision-making and accountability.
• Oversee accounting and financial operations, including general and cost accounting, inventory, fixed assets, capital spending, working capital, month-end close, and related controls, while ensuring compliance with ITW policies and reporting requirements.
• Partner across Operations, Sales, Marketing, Supply Chain, R&D, and HR to evaluate performance and drive actions that improve organic growth, margins, cash flow, and return on investment, including analysis of capital projects, pricing, new products, customer programs, and make-versus-buy decisions.
• Apply the ITW Business Model and 80/20 Front-to-Back thinking to simplify processes and reporting, strengthen financial discipline, and build, coach, and develop a high-performing Finance team.

What You Bring (Requirements)
• Bachelor's degree in Accounting, Finance, or a related field. CPA, CMA, MBA, or another advanced degree is preferred.
• Minimum of 8 years of progressive finance or accounting experience, including financial reporting, analysis, planning, forecasting, cost accounting, internal controls, and operational accounting.
• Minimum of 5 years of financial management experience with direct people leadership responsibility, including coaching, performance management, and team development.
• Manufacturing finance experience. Experience as a Plant Controller, Division Controller, or finance leader in a decentralized manufacturing business is preferred.
• Strong business acumen and communication skills, with the ability to simplify complex data, identify key drivers, influence across functions, exercise sound judgment, and translate insights into practical action.
• Advanced Excel and financial systems skills, high integrity, attention to detail, and the ability to protect confidential information and deliver accurate work under tight deadlines. Experience with JD Edwards, business intelligence, forecasting, or dashboard tools is preferred. Ability to travel up to 20%.

What's In It for You
• A visible leadership role with the opportunity to influence division strategy, profitable growth, and operational performance.
• The autonomy to think and act like a business owner in a decentralized, entrepreneurial culture.
• The opportunity to develop a Finance team and collaborate with leaders across the business.
• Access to ITW development opportunities and a competitive total rewards package.

About Engine Repair

ITW Permatex is a leading manufacturer, distributor and marketer of premium chemical products for the automotive maintenance and repair, home, and hardware markets. Product categories include gasket makers, sealants, hand cleaners, threadlockers, adhesives, cleaners, repair kits, and lubricants under well-recognized brand names such as Permatex®, Fast Orange®, Spray Nine®, Versachem®, and Devcon® home.

Since 1909, Permatex has been an acknowledged leader in developing innovative products and services for the automotive aftermarket. Our goal is to be a one-stop solution center for do-it-yourselfers and professional technicians.

Compensation Information:

The final compensation offered will be based on the candidate's qualifications and experience, as well as business and market considerations. This role is eligible for ITW's benefits and other applicable compensation programs. More details on our benefits can be found on our career site.

View ITW benefits at https://careers.itw.com/us/en/benefits

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
Net Income
$2.1 billion
Founded
1912
5 Year Trend
+1.2%
Revenue
$12.5 billion
NASDAQ

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