Illinois Tool Works

Regional Controller

Illinois Tool Works • $130K — $160K *
Manufacturing & Automotive
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in accounting/finance required; MBA preferred
  • 5+ years of progressive accounting experience in general and cost accounting
  • Experience in a manufacturing environment strongly preferred
  • Skilled in creating and managing budgets effectively
  • Track record of collaborating with cross-functional teams and influencing initiatives
  • Ability to lead with influence and generate trust
  • Excellent time management and prioritization skills
  • Strong attention to detail and effective communication skills

Responsibilities

  • Coordinate financial planning, budgeting, and reporting for the organization
  • Prepare financial statements and reports required by stakeholders
  • Ensure timely monthly, quarterly, and year-end financial closes
  • Communicate financial information to global and local teams
  • Advise management on financial objectives and policies
  • Support division leadership in achieving goals and objectives
  • Manage annual budgeting and monthly forecasting processes

Benefits

  • Paid vacation, sick leave, holiday, and parental leave
  • Investment in personal and professional development
  • Access to a bonus incentive program
  • Collaborative and engaging work environment
  • Support for career advancement through training and mentorship
Full Job Description

Job Description:

Position Summary
The Regional Controller reports to the ITWSF Division Controller and supports both the Chicago Heights, IL and Kalkaska, MI operations. This role is responsible for the timely preparation of financial statements, oversight of internal controls, budget development and the reporting of financial results within the organization.

In addition to financial leadership responsibilities, the Regional Controller serves as a strategic business partner to site leadership and operations teams, providing financial insight and guidance to support business decisions, operational performance and the achievement of divisional goals and objectives. This role manages and develops the finance and accounting team supporting both locations while ensuring consistent financial processes, controls and reporting across the sites.

This position is based in Chicago Heights, IL.

Essential Duties and Responsibilities
Financial Planning & Reporting
  • Coordinate and direct the financial planning, budgeting and reporting for the organization. 
  • Prepare or direct preparation of financial statements, business reports, annual budgets and/or reports required by corporate and/or regulatory agencies.
  • Ensure an accurate and timely monthly, quarterly and year end close in strict accordance with ITW financial reporting policies (USGAAP).
  • Effectively communicate and coordinate the exchange of financial information to key stakeholders (global finance team and local leadership team).
  • Advise management team on short-term and long-term financial objectives, policies and actions; prepare ad-hoc analyses for local and Division management for use in decision making.
  • Support Division leadership team to achieve division goals and objectives.
  • Manage annual budgeting and forecasting processes along with monthly outlook updates for US units.
Financial Records, Systems, Processes & Internal Controls
  • Manage compliance to accounting policies and procedures to ensure accurate and timely financial statements.
  • Direct and manage inventory including a full understanding of the BOM’s and product costing, along with the labor & overhead standards update, A/P, A/R, banking activities (ACH, positive pay, bank reconciliations), corporate credit cards, fixed asset, payroll and other administrative activities as assigned.
  • Support ERP implementation.
  • Understand and apply ITW financial policies consistently and effectively. Ensure that accurate financial records and strong internal controls are in place and being followed.
  • Document and monitor internal controls. Ensure that transactions are recorded in an efficient and timely manner.
  • Coordinate internal and external audits as well as other corporate requests.
Financial Analysis/Continuous Improvement
  • Analyze the financial details of past, present and expected operations to identify development opportunities and areas where improvement is needed. Perform analytical reviews of data and explain variances against plan, outlook and prior year.
  • Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
  • Apply the ITW principles to eliminate complexity and improve profitability of the company.
  • Participate in teams and play a lead role in the collection and analysis of data for projects.
Team Management & Development
  • Identify, lead and develop talent to maximize individual, team and organizational effectiveness and results. Fosters a culture of engagement and accountability.
  • Coach through feedback, development planning and performance management.
  • Provide training to new and existing staff and support them in their career goals.
  • Use effective change management skills to effectively plan, implement and evaluate change.

Position Skills and Qualifications
  • Bachelor’s degree in accounting/finance required. MBA preferred.
  • 5+ years of progressive accounting experience including general and cost accounting with responsibility for Inventory Control, P&L Management and Balance Sheet Management required.
  • Significant and relevant experience in a manufacturing environment strongly preferred.
  • Adept at creating budgets from the ground up and effectively managing to the established budget.
  • Proven track record of effectively partnering with cross functional team members at all levels, translating data into useful information about the business and influencing strategic initiatives to drive operational/financial results.
  • An ability to generate respect and trust while leading through influence.
  • Excellent time and project management skills.
  • Strong attention to detail.
  • Strong prioritization abilities with streamlining/simplification mindset.
  • Excellent written and verbal communication skills.

Working Conditions and Requirements
  • Work is normally performed in an office environment; requires frequent sitting, computer use and communication with both office and production floor teams.
  • Need to enter production areas; proper PPE required and provided as needed.
  • Travel requirements – Up to 20% to the MI facility.

Compensation Information:

We believe our people are our greatest asset. That’s why we invest in creating an environment where you can thrive both personally and professionally. For more details, visit our Benefits page.

In addition, our benefits include paid vacation, sick, holiday and parental leave. Base salary range for this position is $130,000-$160,000. This position is also eligible to participate in the bonus incentive program. Please note that this salary information serves as a general guideline. Company considers various factors when extending an offer including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, key skills, as well as market and business considerations.

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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