Division Controller - Residential & Renovation

Company: Illinois Tool Works Inc.
Location: Glenview
Posted on: January 24, 2023

Job Description:

ITW (Illinois Tool Works Inc.) is a Fortune 200 company and is one of the world's leading diversified manufacturers of specialized industrial equipment, automotive components, consumables, and related service businesses. ITW businesses serve local customers and markets around the globe, with operations in 55 countries and an employee base of more than 48,000 women and men who adhere to the highest ethical standards. These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 17,000 granted and pending patents.ITW Residential and Renovation Construction provides Industry leading, premium branded, cordless nailing systems and fastening solutions, that deliver superior productivity and reliability to meet the needs of professional remodelers and residential framers, with a widely available product portfolio at their preferred retail or dealer outlets The 80 focus for the division is aggressive market growth while sustaining profitability. As a key member of the ITW Residential & Renovation leadership team, theDivision Controllerwill partnerwith the VP/General Manager to successfully lead and profitably grow the business.The Controller key responsibilities include financial reporting and analysis, maintenance of internal accounting controls, compliance with financial policies and procedures, oversight of operational accounting processes and the leadership/ development of the accounting and IT teams.Core Responsibilities:

• Partners with the leadership team to develop and execute annual and long-range plans based on in-depth understanding of financial analysis of potential capital investments, restructuring projects and other critical ad-hoc opportunities
• Oversees day-to-day financial and IT operations/processes including, but not limited to Accounts Payable, Credit/Collections, Inventory/Cost Accounting, Payroll, and IT systems/support
• Prepares monthly financial statements and the financial analysis of results as well as provides variance explanations for actuals compared to plan, forecast and prior year
• Manages the financial planning and forecasting processes
• Delivers accurate and timely monthly financial forecasts
• Provides measurable and accurate financial targets in order to evaluate the performance of the business
• Works with the VP/GM and functional leaders to develop the annual operating plan
• Leads, drives, and implements changes in order to simplify processes and eliminate complexity within the business that will enhance financial performance
• Identifies, leads, and develops talent in order to maximize individual, team and organizational effectiveness in meeting company goals
• Other related duties as assigned

Keywords: Illinois Tool Works Inc., Glenview , Division Controller - Residential & Renovation, Accounting, Auditing , Glenview, Illinois