Assistant Division Controller Jobs in Chicago, IL

Job Description:

Founded in 1912, ITW (NYSE: ITW) is a global industrial company built around 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 approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized, entrepreneurial culture.

Division Description: 

ITW Deltar Fasteners serves all the major OEMs and their tier suppliers with plastic fasteners totaling approximately $270M in revenues. Locations include:  Frankfort, IL; Chippewa Falls, WI and our Commercial Sales and Engineering in Troy, MI. 

The division drives profitability by leveraging its innovative solutions and application engineering.  In addition to ITW’s industry leading research and development capabilities, ITW Deltar Fasteners enhance our customers’ competitive advantage by:

• Maintaining advanced engineering and manufacturing facilities in NA.
• Exchanging product, process and benchmarking information with sister units worldwide.
• Continually improving processes, material and designs to ensure every product exceeds customer specifications while providing unparalleled value.

Position Summary:

The Operations Controller will report to the Division Controller and will contribute to the strategic direction of the Division. This position fills a crucial role and will require strong leadership skills and drive to help leaders throughout the business understand how their choices impact financials. This role will be filled by someone who sets high standards for performance for self and team, works tenaciously to meet or exceed expectations, instills ownership and accountability in people, and delegates and follows-up effectively. This will require an understanding of all functional areas of the business and what drives results, with the ability to demonstrate strong strategic insight and anticipate future trends; not only reporting results but predict and influence future results. The Operations Controller has complete ownership and accountability of accurate and timely financial reporting with the drive to identify, communicate, and train others on key business drivers. They must be analytical and inquisitive as the role ensures the integrity of quantitative and qualitative data shared with senior management. They will demonstrate a strong ability to present a well-rounded recommendation as input for business decisions based on facts and solid data and will always bring a solution when presenting a problem. The role will also empower, coach, and facilitate others in 80/20 and the ITW toolbox; gathering sound data to be used in the 80/20 process and assessing it thoroughly.

Primary Responsibilities:

• Finalize corporate monthly, quarterly & annual submissions
• Annual Operating Plan P&L 
• Long Range Plan P&L
• Monthly management reporting package (Bridge, Price/Cost, FTB/Sourcing, Flash OL/Actuals, Mid-Month)
• Quads/Quartiles/Scorecard Reporting
• Support Sales/Marketing teams with pricing & negotiations
• Consolidated Divisional financial reporting (Mid-Month / Flash Outlook / Forecasts / etc)
• Full US Financials ownership – Understanding and driving results, reviewing/approving monthly financials and reconciliations
• Payment approval/review
• Ad hoc projects/analysis as requested
• Identify and Lead ITW Toolbox initiatives
• Talent Management
• Backup for Division Controller & Asst Controller

Position Skills and Experience Requirements:

To perform this job successfully, the Operations Controller 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 employees with disabilities to perform the essential functions.

• Education/Experience: Bachelor’s degree - B.A. /B.S. from four-year College or University in Accounting or Finance.  CMA or CPA a plus
• 6+ years of experience in Accounting function and demonstrated strong learning capability
• Working knowledge of P&L and Balance Sheet reporting
• Ability to assess financial data and prepare analysis and forecasts as needed
• Must be able to adhere to deadlines, manage conflicting priorities and work under pressure
• Ability to identify areas for opportunity or simplification and implement best practices
• Little to no supervision required
• Strong understanding of Accounting
• Strong Microsoft Office skills
• Ability to communicate effectively at all levels of the organization and work well within a team
• Drive to grow and succeed
• Eagerness to learn new areas
• Ability to lead a team and be an excellent at developing talent within the organization
• Must be eligible for employment in the United States.
• Travel domestically up to 20% of the time.

Compensation Information:

$135,000-$150,000 base plus bonus

We offer a comprehensive benefits program that includes health, dental, and vision insurance, paid time off, and a 401(k) retirement plan with company match.

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.