Division Controller
at ITW Employee Network

Date Posted: 5/23/2019

Job Description

ITW Specialty Films designs, manufactures and markets specialized coated and/or metalized films for the Card, Security, and Medical markets.  The division leverages unique core competencies and technologies in films, foils, laminates, holography and transfers to address customer needs globally.  Operates in 5 locations (NA & EU).

 

Position Summary:

The Division Controller is a Financial Leader and Business Partner, who will report to the VP/GM for the division.  The position is responsible for functions ranging from financial reporting and analysis, internal accounting controls, compliance with financial policies, operating analysis and reporting and leadership of global accounting teams.  The successful candidate will have exceptional skills in the areas outlined above, as well as a solid understanding of IT business systems.  The candidate will also be responsible for directing and coordinating activities of a multi-site, global organization to obtain optimum efficiency and economy of financial systems.  There are four direct reports to this position (3 Controllers & 1 Global IT Manager).

 

Essential Duties and Responsibilities:

Financial Reporting and Control

  • Manage and control the financial activities, transactions and resources (people and process) of the division.
  • Ensure accurate and timely reporting of business financial information in compliance with ITW policies and GAAP.
  • Identify when exceptions may be required to ITW stated policy and administer that request through Group Controller and Financial Reporting.
  • Learn and apply the ITW Principles (80/20, Product Line Simplification, Market Rate of Demand and In-Lining) to eliminate complexity and improve the profitability of the division.
  • Plan, coordinate and administer the division’s accounting functions, including cost accounting, general accounting, inventory accounting, payroll accounting, accounts payable, accounts receivable, profit planning, earnings estimates, other forecasts and special economic analysis.
  • Consolidate accounting data and prepare reports necessary for leadership team to keep abreast of the financial status of the division and to identify potential problem or deficient areas.
  • Effectively communicate and coordinate the exchange of financial information (plans, actual results and outlook) to key stakeholders.

 Operating Analysis and Planning

  • Prepare and communicate monthly forecasts, end-of-month and mid-month outlook updates, revenue and OI flash reporting.

  • Deliver short and long-term forecasting.

  • Provide measurable and accurate financial targets to evaluate the financial performance of the business.

  • Possess strong business analytical skills with an 80/20 mindset.

  • Demonstrated manufacturing experience, translating KPI’s into immediate improvement actions, decreasing costs/increasing revenue. Be an effective business partner to the VP/GM and Division leadership team.

 Strategic Planning

  • Contribute to the vision and implementation of strategic long-range plans, capital investments, restructuring projects and critical ad-hoc opportunities.

  • Develop/Manage annual and long-range operating and financial plans.

  • Challenge and collaborate with leadership team including Operations, Sales and Human Resources with insightful analysis of the business, contributing ideas to drive improvement through the business.

  • Build cross-department credibility, confidence, and collaboration with other functional areas.

 Capital Management and Investment Analysis

  • Evaluate projects that support additional investment or enhance the current development of assets and resources with the goal of driving revenue growth and improving the profitability of the division.

People Leadership & Talent Development

  • Develop and lead proficient Finance and IT teams focused on profitable growth, while improving customer satisfaction and simplifying business processes.
  • Identify, lead and develop talent in order to maximize individual, team and organizational effectiveness in meeting organizational goals. This may include: selection and onboarding of talent; communicating effectively to foster a culture of engagement, cascading vision, creating goal alignment, and coaching through feedback, and development planning.

 

Job Requirements

Position Skills and Experience Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

  • Bachelor’s degree in Accounting required.  Master’s degree or additional education experiences (CPA, CMA) a plus.
  • 10+ years of progressive experience in financial reporting, planning & analysis, inventory control, tracking and managing costs against a budget, and driving activities for effective P&L results required.
  • 4+ years of experience in managing accounting teams or direct reports preferred.
  • Track record of effectively partnering with leadership, translating data into useful information about the business, and influencing strategic initiatives.
  • Experience leading teams and operating in a multi-site, manufacturing environment.
  • Experience implementing and working with information technology and ERP systems.
  • Excellent time management, prioritization abilities, and strong project management skills.
  • Excellent problem-solving skills with focus on continuous improvement techniques.
  • Ability to learn, understand and execute ITW Business Model.
  • Strong business analytical skills, with 80/20 mindset.
  • Excellent interpersonal, communication (written and verbal), and presentation skills.
  • Ability to generate respect and trust from staff and external constituencies along with the ability to work collaboratively with colleagues and staff to create a results-driven, team-oriented environment.
  • Proficient computer skills, including Microsoft Office Suite (Word, PowerPoint, Outlook, and Excel).
  • Willing to travel < 30%, some international may be required.

 

ITW offers a competitive compensation and benefits package, including competitively priced medical and dental coverage the first of the month following hire, free life insurance, paid vacation and holidays, and immediate 401k matching. Additional retirement savings contribution (above and beyond 401k) is awarded at no cost.

ITW Specialty Films is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

 

If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please email [Click Here To Join] to request assistance. No other requests will be acknowledged.

 

Job Snapshot

  • Employee Type: Full-Time
  • Location: Glenview, IL
  • Job Type: Finance
  • Experience: At least 10 year(s)
  • Date Posted: 5/23/2019

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