Business Unit Controller

Company Description

ITW (NYSE : ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $ billion in 2019.

The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required.

ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture.

The ITW StampTech Fastener Division serves the major Original Equipment Manufacturers (OEMs) and Tier suppliers in the North American automotive market.

The division supplies stamped metal fasteners and engineered fastener assemblies that leverage our deep-draw stamping technologies.

The annual revenue for the division is approximately $160M. Locations include Gallatin, TN, Lexington, KY & Naugatuck, CT.

The Division drives profitability by leveraging its innovative solutions and application engineering. In addition to ITW’s industry leading research and development capabilities, StampTech Fasteners enhances our customers’ competitive advantage by maintaining advanced engineering and manufacturing facilities in North America, exchanging product, process, and benchmarking information with sister units worldwide and continually improving processes, material, and designs to ensure every product provides value and meets customer expectations.

Job Description

• Drive Long-range and Annual Planning activities that incorporates both bottoms-up input and top down-strategic priorities that align with our strategic intent.
• Lead as a financial business partner to help understand the business challenges and leverage financial understanding to develop and analyze solutions that allow the team to meet or exceed goals.
• Prepare and communicate monthly and quarterly reports which summarize business activity and drivers of financial position in areas of income, expenses, and earnings based on past, present, and expected operations.
• Support the operational excellence strategy by working closely with the organization on process improvements, KPIs, business case modelling and analysis.
• Steward of the ITW Toolbox.
• Maintain ownership of financial controls and reporting : annual plans, capital projects and approvals, timely and accurate preparation of required financial reports, accounts receivable, accounts payable and payroll processes, internal / external audit ownership, inventories and reconciliation of results, direct standard cost work-up.
• Manage and lead the accounting team.
• Build a high performing financial team to maximize individual, team and organizational effectiveness in meeting ITW goals.

Champion the ITW Leadership Development framework in developing talent and foster a culture of engagement and inclusivity that aligns with our core values.

• Support Operations and the organization to achieve unit and Divisional goals and objectives, including the annual operating plan, long range strategic plan, capital investments.
• Provide operational analysis to identify problems / opportunities, recommend solutions and facilitate accurate decisions and strategies.

Examples include 80 / 20 analysis, price / cost analysis, etc.

• Ensure accurate and timely reporting of financial information in compliance with ITW policies and GAAP.
• Develop and maintain financial reporting processes with strong internal controls that adhere to ITW policies and exceed audit requirements
• Work with the team to lead and develop accurate monthly Outlooks utilizing 80 / 20 based on analytics.
• Analyze actual performance to Outlooks, Annual Plan and prior year as needed. Emphasis on telling the story behind the numbers and identifying opportunities.
• Work with Strategic Sourcing, Sales, and the Commercial Finance teams to effectively manage our price / cost risk and prepare accurate outlook and actual estimates.
• Facilitate and complete monthly close requirements including managing and reviewing the accounting staff’s work.
• Coordinate internal and external audits as well as other corporate requests.
• Perform / oversee annual standard cost setting process and annual physical inventory.

Qualifications

• Bachelor's degree
• 7+ years of accounting experience in a manufacturing environment required with standard cost setting knowledge
• CPA or CMA certification preferred
• Must be able to adhere to deadlines, manage conflicting priorities and work under pressure
• Ability to analyze financial data and prepare analysis and forecasts as needed.
• Strong communication, interpersonal and problem-solving skills
• Ability to communicate effectively at all levels of the organization and work well within a team
• Be entrepreneurial in decision making and able to work within a decentralized work environment
• Ability to lead a team and be an excellent at developing talent within the organization
• Knowledge of SAP ERP system and Microsoft Office software helpful

Additional Information

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.

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.