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Division Controller

Company: Illinois Tool Works Inc.
Location: Cincinnati
Posted on: March 20, 2023

Job Description:

ITW Evercoat is a global leader in the manufacture of professional collision repair and professional car care products. ITW Evercoat is a division of Illinois Tool Works Inc within the Polymers and Fluids segment. We are known for our unique 80/20 business model and core values of Integrity, Respect, Trust, Shared Risk and Simplicity. Illinois Tool Works (ITW) is a Fortune 200 Company headquartered in Glenview, IL. The ITW Evercoat division is based out of Cincinnati, OH.As Division Controller you will serve as a key business partner to the Vice president/General Manager, operating as the top financial executive of the Division. You will manage the finance, accounting, and IT functions of the Division. The successful candidate is a great business and financial leader, while also being a strong manager and developer of talent, and will be responsible for leading the finance and IT teams of the Division in alignment with the ITW Business Model.Essential Duties and Responsibilities:Strategic Planning:

  • Contribute to the vision and implementation of strategic long-range plans, capital investments, and special projects.
  • Prepare and report financial outlooks every month with collaboration from the other business leaders.
  • Build cross-department credibility, confidence, and collaboration with other functional areas.Financial Reporting and Control:
    • Learn and apply the ITW business model to eliminate complexity and improve the profitability of the division.
    • Prepare and review all financial statements and outlooks in conjunction with the division VP/GM and leadership team.
    • Ensure accurate and timely reporting of business financial information in compliance with ITW policies and GAAP.
    • Coordinate monthly close to ensure timely preparation and issuance of financial statements and analysis.
    • Manage and control the financial activities, transactions and resources (people and process) of the Division.
    • Maintain a strong internal control environment.Operating Analysis and Planning:
      • Be a strategic business partner to the VP/GM and leadership team, acting as a business advisor with an influencer mindset.
      • Partner with sales and marketing to develop and execute profitable growth strategies.
      • Partner with operations to drive manufacturing efficiencies.
      • Review and approve capital spending projects'.
      • Provide measurable and accurate financial targets to evaluate the financial performance of the business.Capital Management and Growth Investment Analysis:
        • Responsible for review of economic analysis of customer deals and promotions and advertising spend effectiveness.
        • Evaluate projects that support additional investment or enhance the current development of assets and resources with the goal of improving the profitability of the organization.People Leadership & Talent Development:
          • Develop and lead a proficient diverse Finance and IT teams by implementing an organizational structure focused on profitable growth, 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.
          • Act with Integrity and candor in all areas of influence.IT Strategic Leadership and Growth:
            • Develop, maintain, and communicate Information Technology Strategy and projects, ensuring alignment with strategic business objectives.
            • Determines long range divisional IT needs and develops overall strategy to support growth.
            • Manages a diverse and professional team of IT staff and Identifies, leads and mentors talent to build a strong and diverse IT talent/succession pipeline.

Keywords: Illinois Tool Works Inc., Cincinnati , Division Controller, Accounting, Auditing , Cincinnati, Ohio

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