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Illinois Tool Works

Global diversified manufacturer of industrial equipment

Division Controller

Corporate Finance & FP&AUpdated on Nov 12
Full-timeGlenview, IL, USA

About the Job

Requirements

  • A bachelor's degree in accounting or finance is required.
  • At least 8 years of progressive finance experience, including financial reporting and analysis, cost reduction, inventory control, and operational accounting in manufacturing and commercial environments.
  • At least 3 years in a financial leadership role with direct people management responsibility.
  • Demonstrated success partnering with senior leaders, translating financial analysis into clear recommendations, and influencing decisions that improve business results.
  • Experience leading financial planning, reporting, accounting, controls, and performance management in a complex business environment.
  • Advanced Excel skills and experience using financial reporting software.
  • Strong written and verbal communication skills, with the ability to simplify complex information and adapt to various audiences.
  • A growth mindset with experience driving change while maintaining stakeholder alignment.
  • Ability to travel as needed, primarily locally and occasionally overnight, approximately 10%.

Responsibilities

  • Partner with the VP/GM and Division Leadership Team to develop and execute annual and long-term business plans that support the division’s strategy.
  • Use in-depth financial analysis to evaluate potential capital investments, acquisitions, organic growth projects, restructuring initiatives, and other significant business opportunities.
  • Lead the long-range planning process and provide financial insight to identify growth opportunities, evaluate investments, and support profitable organic growth.
  • Improve reporting tools and financial insights to help commercial leaders make faster decisions, strengthen sales execution, and capture revenue opportunities.
  • Partner with sister divisions to optimize intercompany financial results and shared processes, fostering a collaborative, win-win mindset.
  • Partner with the Operations Director and leaders across operating locations to improve productivity, reduce costs, and evaluate savings initiatives through financial analysis.
  • Oversee day-to-day financial operations, including accounts payable, credit and collections, inventory and cost accounting, and payroll.
  • Lead initiatives to ensure the division meets or exceeds Annual Plan targets for Revenue, Operating Income, Inventory, and Accounts Receivable.
  • Support ERP implementation by aligning business processes and providing functional expertise.
  • Maintain strong accounting practices and internal controls across all division locations, ensuring accurate reporting, compliance, and consistent financial processes.
  • Prepare monthly financial statements with detailed analysis, including variance explanations for actuals compared with plan, forecast, and prior year.
  • Lead planning and forecasting, delivering accurate monthly forecasts and clear performance targets that help leaders anticipate risks, evaluate results, and take timely action.
  • Monitor and support continuous improvement to achieve above-average financial audit results and compliance.
  • Build and develop a strong finance team by assessing capabilities, coaching employees, creating development opportunities, and strengthening the pipeline for future finance leadership roles.

Desired Qualifications

  • An MBA or master’s degree.
  • Experience leading or playing a significant finance role in an ERP implementation and working with business intelligence tools.
  • Demonstrated success in process simplification and accelerated decision-making.
  • Knowledge of the construction industry.

About the Company

Illinois Tool Works

Global diversified manufacturer of industrial equipment

ITW is a global manufacturer with a diversified portfolio of industrial products across seven segments, including automotive components, food equipment, welding systems, and construction tools. Its products are engineered and produced for OEMs and industrial customers, combining specialized components to meet the needs of large buyers. The company stands out through its multi-segment reach, large global footprint, and a business model that prioritizes the top 20% of customers to drive profitability and operational excellence. ITW aims for steady profitability and efficient operations by delivering reliable, value-added solutions across multiple industries.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Glenview, IL
Founded
1912

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