US Controller

1 week ago

Hopkinton, United States ITW Full time
Company Description

Founded in 1912, ITW (NYSE: ITW) is a global industrial company centered on a differentiated and proprietary business model. The company's seven industry-leading segments leverage the ITW Business Model to generate solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW's more than 46,000 dedicated colleagues around the world thrive in our decentralized, entrepreneurial culture. To learn more, please visit www.itw.com

Division Description:

ITW Electronics Assembly Equipment (EAE) Division is made up of five brands strongly recognized by Contract Manufacturers and OEMs in the Electronics and Industrial Markets. The Division designs, develops, manufactures, and markets capital equipment primarily used in the assembly process of Printed Circuit Boards (PCBs) and other industrial applications.

For more information visit: www.itweae.com.

Job Description

This role will lead the Accounting function for the US locations of ITW EAE including General Accounting and Accounts Payable/Accounts Receivable. The US Controller will lead the monthly close process, develop and enhance internal controls, coordinate and manage the internal and external audit process, perform financial analytics as needed to support the EAE Leadership team and generally direct the team to ensure that the financial results follow ITW Policy and GAAP. Additional responsibilities include partnering with the Division Controller to develop and execute strategies in all areas of the business including the long-range plan (LRP) and annual operating plan (AOP) as well as financial planning and analysis work as it relates to outlooking/forecasting, leading the development and enhancement of segmented P&Ls and distributing/implementing ITW Corporate Accounting policy changes within the division.

This position is a hands-on role with responsibilities ranging from involvement in financial closes, review transactional detail and directing activities to supporting the EAE Leadership Team with financial analysis and policy recommendations.

Provide functional leadership with a focus on attracting, retaining and developing superior and diversified talent. Build and lead a value-add focused team that is involved with the day-to-day business. Drive process improvement and challenge internal team to continuously strive to work smarter. Allow and delegate decision making abilities to the team.

Establish a strong acumen for ITW values, safety, business ethics and financial controls.

Functional Finance Accountabilities:
  • Supports monthly transactional financial close process; including the WW consolidation of actual results and facilitating a WW full year outlook of the segmented P&Ls. Responsible for providing management with variance analysis and comments explaining performance against Plan and Forecast. Departmental spending (Budget v. Actual) reporting to Management.
  • Responsible for partnering with the Division Controller in preparing and leading the Strategic Planning (LRP) and Annual Operating Plan (AOP).
  • Ensures that the EAE Leadership team understands the financial statements, financial policies and internal controls. Mentor and coach the leadership team on financial literacy wherever necessary.
  • Provide financial support for all levels of the business unit, including customer pricing, return on investment analysis, cost savings initiatives, operational key performance indicators, and other financial modeling.
  • Protects ITWs assets and manages risk.
  • Coordinates timely and accurate month end close with staff including but not limited to Accounts Receivable (AR), Accounts Payable (AP), Tax Compliance and Payroll; oversees reconciliation of all balance sheet accounts, Fixed Asset management, preparation and or review of obsolete inventory report, annual physical inventory and various audits.
  • Utilize the ITW Toolbox and 80/20 philosophy to continuously analyze processes and systems to reduce complexity throughout the business.
Qualifications
  • Bachelor's degree in Accounting or Finance (MBA or CPA preferred) with at least 5 - 10 years of progressive experience in Accounting and FP&A roles in a manufacturing environment.
  • Excellent communication skills, both verbal and written: excellent interpersonal skills and presentation skills. Vertical and horizontal communications skills are key to keeping stakeholders informed and executing positive results.
  • Effective presentation/communication skills. Must have the ability to effectively present information and respond to questions from groups of managers, team members and internal customers.
  • Ability to use financial data to draw accurate conclusions from financial information and understands the key financial indicators and communicates effectively to the stakeholders.
  • Deadline oriented; ability to multi-task, delegate when necessary and work independently.
  • Superior Microsoft Office skills, specifically proficient in Excel; Experience with QAD will be an advantage.
  • Comprehensive knowledge and application of Accounting concepts, techniques and principles.
  • Willingness to travel domestically and internationally as necessary (estimated at 15%).
  • Ability to assess talent and attract high caliber talent and give clear, motivating, and constructive feedback, and provide challenging assignments to facilitate individual development and succession planning.


Additional Information

Physical requirements and working conditions:

Work is performed in an office environment. Normal working conditions include sitting, standing, and walking.

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.

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