Illinois Tool Works

Financial Analyst 1

Illinois Tool Works • $72K — $90K *
Norwood, MA 02062In-Person
Finance & Insurance
Less than 5 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or finance with 2-3 years of finance experience, or CPA with relevant experience.
  • Strong skills in financial/cost analysis and budgeting/forecasting.
  • Ability to manage multiple tasks and prioritize effectively.
  • Excellent interpersonal skills for establishing relationships across all levels.
  • Meticulous attention to detail and commitment to confidentiality.
  • Proactive team player and independent worker with anticipation of needs.
  • Familiarity with ERP systems and reporting software, PowerBI knowledge is a plus.
  • Proficient in MS Office, especially Excel.

Responsibilities

  • Prepare and analyze weekly revenue and variable margin forecasts for leadership.
  • Analyze actual results versus forecasts and budgets, providing actionable insights.
  • Collaborate with accounting and operations to develop robust financial forecasts.
  • Perform month-end close activities, including journal entries and account reconciliations.
  • Correct account balances and maintain accounting controls and procedures.
  • Assist in the coordination and development of annual and short-term budgets.
  • Responsible for consolidation reporting and data maintenance, including imports and exports.

Benefits

  • Opportunities for professional development and advancement within the finance team.
  • Collaborative work environment with exposure to senior leadership.
  • Involvement in significant financial projects and decision-making processes.
  • Engagement with cross-functional teams that enhance networking opportunities.
Full Job Description
Job Description:

The Opportunity and Core Responsibilities

As a key member of the finance team, this position is primarily responsible for:
  • The preparation and analysis of weekly revenue and variable margin forecasting projections for leadership team
  • Analyze actual results versus forecast and budget, identify key variance drivers, and deliver clear, actionable insights to business leaders.
  • Work with accounting and operational business partners to build and develop robust financial forecasts
  • Responsible for certain month end close activities, including journal entries and account reconciliations
  • Performs appropriate action necessary to correct account balances and maintain proper accounting controls and procedures
  • Assist in the coordination, consolidation, and development of annual budgets, short-term forecasts, and worldwide forecasts of bookings, shipments, margins, and operational expenses
  • Responsible for consolidation reporting, including data imports, exports, and general periodic maintenance
  • Prepares and/or assists in the preparation of Year End Audits, Quarterly Kit schedules, Annual Tax Packages, and other required reporting for corporate
  • Collaboration with Corporate and Auditors on all issues related to this position
  • Ad hoc and special projects as assigned


Requirements

Successful candidates will have a bachelor's degree in accounting/finance with a minimum of 2- 3 years finance experience or a CPA with relevant work experience. Specific requirements include:
  • Strong financial/cost analysis and budgeting/forecasting skills
  • Manage multiple requests and prioritize/organize tasks appropriately
  • Excellent interpersonal skills and establish effective relationships at all levels of the organization
  • Ability to communicate effectively and collaborate across teams and regions
  • Meticulous attention to detail, maintains confidentiality
  • Proactive and capable of working as a member of a team, as well as independently
  • Ability to anticipate important timing needs that may impact the company and department.
  • Familiarity with ERP systems, including consolidating, and reporting software
  • Proficient computer skills in MS Office (Outlook, Excel, and Power Point), working knowledge of PowerBI is a plus.
  • Experience in a manufacturing environment preferred


Compensation Information:

This position has a starting salary range of $72,000 to $90,000 per year. Pay is determined by several factors, including a candidate's experience, relevant skills, and qualifications

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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