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Illinois Tool Works

Controller

Illinois Tool Works

MTS Headquarters

·

On-site

·

Full-time

·

1w ago

Compensation

$128,000 - $190,000

Required Skills

Financial analysis

Financial modeling

Accounting

Leadership

Job Description:

Primary Objective:

As a key member of the Ground Vehicles (GRV) leadership team, the Controller partners with and reports to the Vice President, General Manager (VPGM) to develop and implement the business unit strategy by evaluating and developing financial analysis, models, & reports. The role is responsible for leading and overseeing all fiduciary responsibilities for the business unit to drive business results. The role ensures proper implementation of the ITW business model as well as continual simplification and cost saving opportunities. Oversees initiatives to maximize cash flow and operating margins, including ongoing improvement in working capital performance against established metrics.

Major Areas of Accountability:

1.

Financial Planning & Analysis:

  • Effectively communicate and coordinate the exchange of financial information (actual results, KPI metrics, forecasting information) to key stakeholders and other departments to help drive business decisions (operations, sales, HR, IT, Legal, R&D, etc) and explain data to management as necessary. Assist with suggesting and providing measurable and accurate financial targets to evaluate the performance of the business.
  • Manager all data and contribute analysis to implement and execute the Front To Back 80/20 process, strategic vision and plan implementation.
  • Develop financial models / justification to support capital investments, leases, customer back innovation (CBI) & other investments in the business.
  • Provide monthly reporting package and financial outlook for the GRV business (and assist with platform related forecasting duties)
  • Serve as primary financial support of customer quotes and contracts to ensure price and margins are aligned to fulfill strategic financial objective and risks associated with the opportunity
  • Communicate as necessary with segment and corporate leadership on financial related matters for the business

2. Business Partnership

  • Partner with VPGM and leadership on all operational and strategic issues as they arise; provide strategic recommendations based on data driven financial analysis and projections
  • Partners with the leadership team to prepare, develop, present and execute Annual Plan (AOP) and Long-Range Plans (LRP) based on in-depth understanding of business and operations
  • Build cross-department credibility, confidence, and collaboration with other functional areas within MTS
  • Work cross functionally with accounting functions to provide accurate and timely financial information in accordance with the Company’s month-end close requirements and explain any key variances to outlook / AOP.

3.

People Leadership and Talent Development:

  • Support the development of Finance professionals focused on profitable growth, improving customer satisfaction and simplifying business processes. Ensure ITW Toolbox and 80/20 culture is fully embedded within the team.
  • Identify, lead and develop talent to maximize individual, team and organizational effectiveness in meeting company objectives. This includes selecting and on-boarding talent, communicating effectively to foster a culture of engagement, cascading vision, creating goal alignment, and coaching through feedback, development planning and performance management
  • Use personal influence skills rather than position power to persuade others and gain support
  • Champion the effective use of change management principles, strategies and techniques to plan, implement and evaluate change
  • Builds a strong pipeline of talent to ensure a diverse high performing organization

4. Performs other duties as assigned.

Minimum Qualifications:

Education:

  • Bachelor’s degree in Accounting or Finance
  • CPA preferred (not required)

Years of relevant experience:

  • 6+ years of experience in accounting, finance, audit, and /or controllership

Travel requirements:

  • Minimal travel expected averaging

Preferred Qualifications:

  • Working knowledge within ERP system
  • Strong IT knowledge with excellent computer skills (MS excel, word, PowerPoint)
  • Team player with strong interpersonal skills
  • Functional skills in using SAP, Business Warehouse, Business Objects, Analysis for Office and Power BI

Company Overview:

14000 Technology Dr., Eden Prairie, MN 55344, USA

A thriving environment for learning, innovation and growth.

Why do so many people join MTS Systems Corporation and stay for a career? Because this is a place where you get to apply your creativity, work with smart people on fascinating projects, and make a positive impact on people’s lives. It is a place where you can learn, innovate and grow professionally.

Transforming what’s possible with cars, aircraft, bridges, wind turbines and space-age materials — this is work we dream about as kids. At MTS, it’s a rewarding career path for talented individuals who are willing to work hard, think hard, and commit to solving complex and critical challenges for our customers around the world, many of whom are leaders in their respective industries.

By joining MTS, you’ll have access to the latest tools and technologies, along with the support of colleagues who are passionate about their work. You’ll discover a dynamic culture of continuous improvement that extends to our people, one that offers numerous ways to expand your knowledge and advance your career. And because we are a global company, your work may also include world travel.

Compensation Information:

$128,000- $190,000 commensurate with relevant education and experience.

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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About Illinois Tool Works

Illinois Tool Works

ITW specializes in the fields of industrial machinery, engineering, operations, sales, marketing, finance, and accounting.

10,001+

Employees

Glenview

Headquarters

$25.8B

Valuation

Reviews

3.8

10 reviews

Work Life Balance

3.7

Compensation

3.7

Culture

3.9

Career

4.0

Management

3.6

77%

Recommend to a Friend

Pros

Opportunity for career growth

Interesting projects and challenges

Supportive team and management

Cons

Internal communication could improve

Career progression could be clearer

Some organizational bureaucracy

Salary Ranges

60 data points

Mid/L4

Mid/L4 · Program Manager

1 reports

$117,796

total / year

Base

$102,431

Stock

-

Bonus

-

$117,796

$117,796

Interview Experience

1 interviews

Difficulty

3.0

/ 5

Duration

14-28 weeks

Interview Process

1

Application Review

2

HR Screen

3

Hiring Manager Interview

4

Panel Interview

5

Offer

Common Questions

Culture Fit

Past Experience

Behavioral/STAR

Technical Knowledge