Financial Analyst

Job Description:

Position Title:   Financial Analyst       

Location:          Mechanic Falls, ME

Classification: Exempt           

Reports to:       Business Unit Manager

Date:                 October 2026

ITW Description:

Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified Fortune 200 manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune Magazine’s most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW’s revenues totaled $15.9 billion in 2024.

Division Description

ITW Electrostatics, a division of Illinois Tool Works (NYSE: ITW), part of Test, Measurement and Electronics segment is industry leading manufacturer and designer of static control devices for equipment makers and end users.  Electrostatics division revenues were ~$210MM in 2024 and it is headquartered in Hatfield, PA USA. Division has operations in USA, Europe, China, and Asia, including nine manufacturing plants and 500+ employees. Electrostatics division brands include: SimcoION, Eltex, Pillar Technologies, Teknek, Opto Diode, Vortec, Paxton, AEGIS).

Position Summary:

The Financial Analyst will be responsible for working collaboratively with members of the Finance, Sales, Operations, Engineering teams, and Business Unit Manager to provide timely financial analysis and forecast information to aid in making accurate business decisions.  Timely and accurate completion of monthly accounting responsibilities.  Provide financial support of business initiatives and apply the ITW principles/toolbox to improve processes.  The role will report to the Business Unit Manager and be based in our Mechanic Falls, Maine USA location.

Essential Duties and Responsibilities:

In this role, this person will be responsible for accessing and navigating through our ERP to collect data and collaborate with respective cross-functional leads to interpret and analyze historical, trending, and current data to support:

Revenue Forecast and Financial Modeling

• Updating pertinent bookings, revenue and backlog reports to reflect current state of business

• Provide insights to the business leaders regarding current levels of revenue recognition performance within the period
• Using historical data as well as insights from current reports, collaborate with the Business Unit Manager to inform outlook for the business

• Assist in developing detailed project analysis and model development. Prepare related forecasts and analysis to support business decisions.

Cost Analysis

• Review current spending as it relates to various accounts to provide variance analysis to historical levels and Plan levels
• Support variable margin improvement initiatives through conversion cost and yield analysis
• Use information from various stakeholders to inform future cost outlook within the business for the current year

• Partner with Sales, Engineering and Operations to develop and support financial tools and trackers (price-cost, market analysis, etc.)

Financial Root Analysis

• Reviewing, analyzing and interpreting financial performance vs. budget/forecast on a monthly, quarterly and YTD basis
• Work with departmental groups to audit and provide root cause for necessary financial variances as guided by the accounting and business leadership teams

Other Financial Support

• Monitoring and reporting on key business metrics, which include our Enterprise-Wide Metrics, Customer Facing Metrics, 80/20 Segmented P&L
• Assist stakeholders with Long Range Plan, Annual Plan and monthly outlook tasks as needed
• Build and maintain effective relationships with the sales, engineering and operations organization as well as the facility management team
• Reviews, evaluates and prioritizes tasks/project assignments, identifies key issues and clearly communicates to management

Position Requirements:

• Bachelors or Master’s Degree in Accounting and/or Finance
• 1-3 years of accounting, financial analysis work experience
• Experience in navigating through a business P&L
• Experience in Industrial/manufacturing financial environment with understanding of full absorption and direct inventory costing strongly preferred
• Experience in designing, simplifying and BPI processes
• Strong and proactive verbal and written communication with cross-functional leadership
• Organized and results-driven
• Inquisitive and curious to explore the “why”
• Expert Excel skills and ability to create power pivot, chart, trend analysis
• Project management skills, planning and organizing
• Experience with financial modeling with a general foundation in Accounting
• Strong analytical skills and overall knowledge of accounting principles
• Ability to perform in a fast-paced environment
• Proficient with key financial applications (Excel, Spreadsheet Server, etc.)

Benefits:

Take this opportunity to join a successful and enthusiastic global team where you can make a significant impact immediately.  You will enjoy a competitive salary and generous benefits package that includes health, dental, life, LTD insurance, 401K (with company match), employee assistance, wellness and 100% tuition reimbursement programs.  ITW is an Equal Opportunity/Affirmative Action employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, disability, or protected veteran status.

Compensation Information:

The anticipated pay range for this position is 62,000 to 92,000 per year, with final compensation determined based on relevant skills, experience, qualifications, and internal equity.

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.