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Controller, North America in Glenview, IL at Magnaflux

Date Posted: 11/26/2018

Job Snapshot

  • Employee Type:
  • Location:
    155 Harlem Avenue
    Glenview, IL
  • Job Type:
  • Experience:
    At least 7 year(s)
  • Date Posted:

Job Description

Magnaflux, a division of Illinois Tool Works (Fortune 250), is a leading worldwide supplier of magnetic particle, dye penetrant inspection equipment and associated chemical products used for applications within the Aerospace, Automotive, Oil & Gas and Energy markets.

With over 85 years in the industry, Magnaflux offers employees a competitive salary and comprehensive benefit package, including medical, dental and life insurance, 401(k) with immediate company match, and much more!

We are currently seeking a Controller, North America to be based in Glenview, IL. Reporting to the Division Controller, Controller, North America serves as a key business partner to enable above average market growth and operational efficiency.  In addition, this leadership role is responsible for managing the U.S. accounting and finance organization.  Functions include the reporting process (which includes reporting to both the parent company and internal management).  

Planning, reporting and analysis

  •       Participation in all major financial decisions of the North America business
  •         Responsible for Financial reporting of North America business
  •         Proactive internal reporting – Identify potential issues/opportunities and recommend solutions
  •         Financial analysis of actual results to highlight variances to key strategic plans/forecasts
  •          Monthly management information reporting including presentation of results to internal management
  •         Forecasting and Planning (Annual and Long-Range Plans)
  •     Control procedures – compliance with all ITW Policies and Procedures (Including internal and external audits)


  • Management and development of the three-member finance team 
  • Leverage and drive the Front to Back 80/20 Business Process and Toolbox principles within the organization to drive growth, enhance efficiency and eliminate complexity from the business processes
  • Ensure the organization operates within all Corporate financial and compliance guidelines

 Leadership Expectations – ITW

  • Strategically Positions Business to Win in Markets. ITW leaders understand what is required to win. They are strategic and anticipate future trends. They bring an outside-in perspective to drive innovation in the organization. They demonstrate a strong enterprise mindset and do what is right for ITW
  •  Delivers Results. ITW leaders execute and deliver. They exhibit exceptional business acumen and excellent project management skills. They are stewards of the ITW Toolbox. They hold themselves accountable for consistently meeting ITW’s earnings targets
  • Develops and Manages Talent. ITW leaders are outstanding developers of talent. They see talent as a strategic advantage and are constantly sourcing, coaching, and developing our people in order to build a talent pipeline. They motivate and inspire others to excel
  •   Leads Effectively. ITW leaders achieve outstanding performance with others. They are collaborative, communicate effectively, and can implement change. They are self-aware and know how to use personal influence rather than positional power to get things done. They role model ITW’s values
  •  Additional duties and tasks as assigned.

Job Requirements


  • Bachelor’s degree in Accounting and CPA required with a minimum 7 years of progressive experience in a financial reporting.
  •  Experience in reviewing and supervising accounting areas such as accounts payable, inventory, invoicing/accounts receivable and payroll
  • Strong strategic leadership skills with a proven ability to operate as a strategic business partner
  • Proven ability to perform budgeting and forecasting, as well as drive simplification and continuous improvement within the business
  • Experience developing and managing direct reports within the finance function.
  • Ability to build constructive and effective relationships across the organization
  • Proficiency in accounting software in addition to very strong Excel skills, intermediate Word and PowerPoint. Proficiency in Power BI or other database software highly preferred.
  • Effective presentation/communication skills.  Must have the ability to effectively present information and respond to questions from groups of managers, clients, customers and the public
  • Requires minimal (4 times/yr.) domestic travel
  • Eligible to work in the US without sponsorship.

We do not accept unsolicited resumes. To be considered an applicant, please apply online to a specific job posting. No Phone Calls Please.

ITW is an equal opportunity/affirmative action employer.  All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law. 

If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please visit our website for more information on how to apply.