Regional Controller

Job Description:

Division Description:

ITW Specialty Films designs, manufactures coated and metalized films for the Financial Card, Secure ID, Specialty Medical Bag, Holographics and Laminations markets. Operating from 8 locations across North America and Europe, the division leverages unique core competencies and deep technical expertise to meet specialized customer needs.

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.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship. 

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.

ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential. 

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship. 

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.