Illinois Tool Works

Division Controller

Illinois Tool Works$100K — $130K *
Troy, MI 48085In-Person
Manufacturing & Automotive
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • BS/BA in Accounting or Finance (manufacturing experience preferred)
  • 10+ years in financial reporting, analysis, cost control, and P&L management
  • Strong leadership and collaboration skills
  • Experience with ERP systems and general ledger applications
  • Capability to manage shifting priorities and solve complex problems

Responsibilities

  • Lead and oversee financial activities and reporting within the division
  • Ensure financial compliance with ITW policies and GAAP
  • Coordinate profit planning and economic analyses
  • Develop annual and long-range strategic plans
  • Evaluate projects for investment and resource optimization
  • Lead a high-performing finance team focused on growth
  • Communicate financial insights and strategies to leadership

Benefits

  • Opportunity to play a key role in shaping financial strategy
  • Work within a commitment to innovation and simplification
  • Focus on talent development and team growth
  • Access to a collaborative work environment
  • Potential for career progression through succession planning
Full Job Description
Job Description:

Position Summary:

The Division Controller is a key member of the leadership team, partnering with the Vice President/General Manager to shape and execute division strategy. This role drives financial planning, economic modeling, and fiduciary oversight to deliver strong business results. Based in Troy, OH, the Division Controller ensures compliance with ITW policies and GAAP while championing simplification through ITW Toolbox principles.

Qualifications:

Essential Duties and Responsibilities:

Financial Reporting and Control
  • Lead and oversee all financial activities, transactions, reporting, and resources within the division.
  • Ensure accurate and timely reporting of financial information in compliance with ITW policies and GAAP.
  • Administer exceptions to policy through appropriate channels when necessary.
  • Apply ITW Principles (80/20, Product Line Simplification, Market Rate of Demand, In-Lining) to reduce complexity and improve profitability.
  • Coordinate profit planning, earnings estimates, forecasts, and economic analyses.
  • Translate financial data into actionable insights for leadership, highlighting trends, risks, and opportunities.
  • Clearly communicate financial plans, results, and outlook, explaining the story behind the numbers to divisional and corporate leadership.

Strategic Planning
  • Collaborate with leadership on operational and strategic issues, providing recommendations based on financial analysis.
  • Develop and execute annual and long-range plans aligned with business objectives.
  • Support strategic initiatives, including capital investments, new product development, and toolbox projects.
  • Build credibility and foster collaboration across departments.

Operating Analysis and Planning:
  • Deliver short- and long-term outlook and measurable financial targets.
  • Evaluate projects for investment and resource optimization to enhance profitability.
  • Contribute to 80/20 initiatives to simplify processes and improve efficiency.
  • Clear and concise / articulates business strategies and performance.
  • Perform any other duties as assigned by the VPGM.

People Leadership and Talent Development:
  • Lead and develop a high-performing finance team focused on growth and process improvement.
  • Embed ITW Toolbox and 80/20 culture within the team.
  • Coach and mentor team members, fostering engagement and aligning goals with company vision.
  • Champion change management principles to build organizational capability.
  • Create a strong talent pipeline and implement succession strategies.


Job Requirements:

Required:
  • BS/BA in Accounting or Finance (manufacturing experience preferred).
  • 10+ years of experience in financial reporting, analysis, cost control, and P&L management.
  • Strong leadership and collaboration skills; ability to influence strategic initiatives.
  • Experience with ERP systems and general ledger applications.
  • Ability to manage shifting priorities and solve complex problems.


Preferred:
  • CPA and/ or MBA.
  • 4+ years of experience managing accounting teams.
  • Proven success in manufacturing environments, driving cost reduction and revenue growth.


Travel: Up to 20%.

Compensation Information:

TBD

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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