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Division Controller in Itasca, IL at Kester

Date Posted: 11/14/2018

Job Snapshot

Job Description

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. ITW, with approximately $13.6 billion in global revenues, operates 7 major segments with businesses in 58 countries that employ approximately 45,000 women and men. These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 19,000 global patents and patent applications.

Kester is a $70 million global supplier of assembly materials to the electronic assembly, component, and microelectronic marketplaces. Our products include an array of basic and high-tech attachment materials including traditional soldering chemicals, paste, wire and bar products. We serve a worldwide customer base with facilities in North America, Europe and Asia.

Position Summary:

The Division Controller, located in Itasca, IL will report to the VP/GM and serve as a key business partner to enable above average market growth and operational efficiency.  In addition, this leader role is responsible for managing the global accounting and finance organization.  Functions include the worldwide consolidation and reporting process (which includes reporting to both the parent company and internal management) and heading the worldwide finance and accounting functions of the company. Kester has manufacturing locations in Itasca, China & Germany, with sales locations in Singapore & Japan.

 Primary Duties and Responsibilities

  • Planning, reporting and analysis

  • Participation in all major financial decisions of the business
  • Responsible for Financial reporting and consolidation of the businesses located in the US, Europe, Asia
  • Proactive internal reporting – Identify potential issues/opportunities and recommend solutions, Provide strategic, proactive input
  • 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 (LRP, Annual Plan, Monthly Outlook, KPIs)
  • Control procedures – compliance with all ITW Policies and Procedures (Including internal and external audits and financial compliance)
  • Manufacturing accounting, Cash management and Capex
  • Identify opportunities/bring solutions using detailed analysis
  • Benchmark and best practices

Management

  • Management and development of the 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

Job Requirements

Qualifications

  • Strong strategic leadership skills
  • Strong simplification and continuous improvement mindset
  • Bachelor’s degree in Finance required and a minimum of 7 years of progressive experience in a financial reporting
  • Proven ability to perform multiple-entry financial consolidation, budgeting and forecasting
  • Experience in reviewing and supervising accounting areas such as accounts payable, inventory, invoicing/accounts receivable and payroll.
  • Ability to build constructive and effective relationships across the organization
  • Proficiency in accounting software in addition to very strong Excel skills, Word and PowerPoint.  Power BI skills are a plus
  • 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
  • Must be willing to travel domestically and internationally as necessary to fulfill the job responsibilities.  Travel estimate for this position is estimated to be 30%