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Assistant Controller

Company: Itw
Location: Carol Stream
Posted on: January 16, 2022

Job Description:

Company Description

Company Overview:

Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified, Fortune 500 manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune Magazines most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets.

This position is within ITWs Zip-Pak division. Zip-Pak is the global leader in resealable solutions for the flexible packaging industry. Our expertise in zipper, application technology, and packaging systems makes Zip-Pak the primary choice of brand owners, OEMs, and converters for innovative resealable solutions. Zip-Paks lean, modern, and continuous manufacturing environments produce zippers using high-volume plastic extrusion.

The division has +300 employees, 6 global manufacturing sites and presence in North America, South America, Europe and Australia.

Job Description

POSITION SUMMARY:

The Assistant Controller is responsible for functions ranging from financial reporting and analysis, internal accounting controls, compliance with financial policies, operating analysis and reporting, management, coaching and development of 3-5 accounting team members. The successful candidate will have exceptional skills in the areas outlined above, as well as a solid understanding of IT business systems. This position reports to the Division Controller.

Key Responsibilities

  • Ensure accurate and timely financial reporting of business and financial information in compliance with ITW policies and US GAAP
  • Lead the completion of monthly, quarterly and year end close and consolidation procedures while maintaining high level of accuracy
  • Active and engaged Business Partner to Controller and Division leadership. Identifies key business trends and drivers in performance and proactively communicates.
  • Review monthly and quarterly forecasts and provide proactive feedback based upon external and internal trends. Monitor, understand and communicate how macroeconomic environment and end-market dynamics impact the results of the Division.
  • Consistent monitoring of internal controls in accordance with ITW policies
  • Effectively communicate and coordinate the exchange of financial information (plan, forecast, actual results) to key stakeholders
  • Supports Division Controller and leadership team to achieve division goals and objectives, including the annual operating plan, long range strategic plans, capital investments and other ad hoc projects
  • Identify, lead, coach, and develop talent to maximize individual, team and organizational effectiveness in meeting company goals and aligned with ITW culture of Respect, Integrity, Trust, Shared Risk, and Simplification
  • Ensures the documentation of accounting processes is in place and regularly updated
  • Coordinates internal and external audits as well as other corporate requests
  • Other responsibilities: sales & use tax filings, account reconciliations, ad hoc projects
    Skills And Competencies
    • Strong knowledge of US GAAP accounting principles and regulations as well as understanding of general ledger structure
    • Understands and applies accounting principles and practices as well as analysis of financial data and reporting
    • Outstanding analytical skills and a proven ability to connect data analysis with business issues and decisions
    • Results orientation, with a high degree of personal initiative and leadership
    • Exceptional communication skills with ability to present analysis and findings in both verbal and written formats to all levels of management
    • Excellent project management skills and attention to detail.
    • Excellent interpersonal skills and the ability to build productive cross functional relationships.
    • Self-starter with the ability to juggle multiple tasks and reprioritize with ease. Track record of good decisions when facing new and unfamiliar challenges.
    • Strong knowledge of finance and accounting principles and experience working with income statements, balance sheets and cash flow statements.
    • Willingness to travel domestically and internationally as necessary
      Drive for Results - Take the initiative to set and achieve challenging work goals. Anticipates problems or opportunities and takes immediate action to address them. Sets high standards of performance, quality, and accountability for oneself.

      Communicating with Impact - The position requires accurate communication with others within the business. Expressing thoughts, feelings, and ideas in a clear, succinct, and compelling manner in both individual and group situations; adjusting language to capture the attention of the audience.

      Continuous Improvement - The ability to evaluate current processes, and recommend appropriate changes is expected. Determine root causes to problems, produce a selection of possible solutions, and recommend appropriate action, implement the improvement, and monitor results of the improvement are important in this area.

      Develops/Motivates Others - Coach, teach, mentor, and manage others so they can work more effectively and ultimately take on more responsibility. Provide feedback and direction, delegate as appropriate, and provide stretch opportunities for the development of others.

      Teamwork Participate as a leader, or member of a team. This includes supporting the ideas of others when appropriate, challenging others to creatively reach consensus, and involving others to participate in solutions to business issues. The ability to gain trust and build confidence is important to this competency.

      Qualifications

      EDUCATION AND EXPERIENCE:
      • Bachelors degree in accounting, finance, or business administration required
      • 7+ years of accounting experience
      • Manufacturing environment experience required
      • CMA or CPA preferred
      • Cost accounting experience a plus
      • Experience with the supervision and professional development of direct reports including Sr Accountant, A/R, A/P, and Inventory
        Additional Information

        Take this opportunity to join a successful and enthusiastic global team where you can make a significant impact immediately. You will enjoy a competitive salary and a generous benefits package that includes health, dental, life, LTD insurance, 401k (with company match), employee assistance, wellness and 100% tuition reimbursement programs. ITW is an Equal Opportunity/Affirmative Action employer.

        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.by Jobble

Keywords: Itw, Carol Stream , Assistant Controller, Accounting, Auditing , Carol Stream, Illinois

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