Assistant Controller

Job Description:

Position Summary:
The Assistant Controller manages and performs a variety of accounting tasks associated with maintaining current and accurate accounting records. Oversee the preparation of all accounting reports for management. Manage daily activities of the IT and general accounting staff, including general accounting, cost accounting, receivable and payable functions. Protects companies’ assets and manages financial risks. Coordinate the preparation of balance sheets and profit/loss statements, annual planning, and forecasting. Demonstrates solid understanding and ensures compliance with accounting/company policies and procedures, statutory compliance, accounting and taxation. Applies financial and market/industry knowledge and stays abreast of current trends.

Scope and Function:

- Primary responsibility for assuring all financial transactions complies with GAAP, Sarbanes Oxley and all other required financial accounting standards.

- Direct management of accounting and finance activities throughout business unit.

- In conjunction with ITW Group, Division, or Business Unit Controllers, may develop and administer Company accounting policies and procedures as they apply to the specific business.

- Coordinate the annual physical inventory.

- Review standard cost development, internal control compliance, variance analysis, inventory accounting, expense control and employee training and development.

- Work closely with IT in developing and maintaining the appropriate systems required to run the business.

- Provide monthly reporting, monitoring and analysis of all inventories and inventory reserves.

- Preparation of monthly financial reports and related value-added analysis schedules.

- Preparation of Long-Range Plan, Annual Operating Plan, and monthly current Outlooks.

- Presentation of monthly financial results to Business Unit/Division Controller, VP/GM and ITW Group Controller.

- Special analysis to highlight areas for business improvement as directed by the BU/Division Controller, VP/GM and ITW Group Controller.

- Supervise business unit's financial and accounting functions, including but not limited to cost, general, sales, and plant accounting.

- Understand and utilize the ITW toolbox in all aspects of the job including prioritizing work assignments and developing work processes

- Mentor and develop direct reports to ensure accuracy, accountability, and professional growth.

- Assist and support internal and external audits, ensuring all documentation and processes meet ITW audit standards.

Skills/Ability:

- Proven problem-solving, analytical, and decision-making skills

- Proven leadership skills

- Proficient knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.

- Oversee the annual physical inventory process to ensure compliance with required accounting policies and procedures.

- Results focused

- Good people management skills

- Excellent verbal, written and interpersonal communication skills

- Proficient in Microsoft Office applications, with exceptional Excel skills

- Attention to detail

- Ability to use spreadsheets, databases and other IT programs

Physical Requirements/Working Conditions:

- 100% On-site role

- In office and manufacturing environment

- Ability Lifting up to 25 lbs.

- Travel less than 10% of the time

Education/Experience:

- 4-10 years of similar or related experience, preferably in manufacturing

- Bachelor’s degree in finance or accounting

- Knowledge of personal computer systems such as Microsoft applications such as Excel and integrated financial/MRP programs required.

- CPA or CMA preferred

Compensation Information:
EXEMPT POSITION: $100,000 - $120,000 ANNUALLY

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.