Operations Controller

ITW; Illinois; On-site; USD 110,000 - 165,000; Full time

Job summary

ITW, a Fortune 300 global multi-industrial manufacturer, seeks a senior accounting leader for its StampTech Fastener Division in North America. You will own monthly, quarterly, and annual financial reporting, mentor staff, and drive performance metrics across manufacturing operations.

In this role, you will ensure GAAP compliance, manage working capital, and collaborate with Operations, Sourcing and Commercial teams to optimize forecasting and productivity.

Qualifications

• Bachelor's degree in Accounting/Finance or equivalent industry experience.
• 5+ years of accounting experience in a manufacturing environment.
• Strong understanding of cost accounting, inventory management, and standard costing environments.
• ERP experience with SAP preferred.

Responsibilities

• Lead the preparation and review of monthly, quarterly, and annual financial reporting, ensuring integrity of enterprise and division reporting, with insights to drive business performance.
• Mentor the Accounting Manager to lead day-to-day accounting and financial reporting in compliance with ITW policies and GAAP.
• Develop, monitor, and communicate operational KPIs including labor and material productivity, inventory performance, and cost performance.
• Coordinate monthly variance analysis of financial/operational results against Outlook, Plan, and prior year; partner with cross-functional teams to identify opportunities for improvement.
• Lead the monthly business review, Outlook, Annual Plan, and Long-Range Plan processes with rigorous financial analysis across the division.
• Drive capital investment analyses, productivity projects, automation, and strategic opportunities; improve working capital through inventory and receivables/payables analysis.

Skills

Analytical skills

Organizational skills

Problem-solving

Education

Bachelor's degree in Accounting/Finance

CPA/CMA/MBA preferred

Tools

SAP

Job description

Job Description:

ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with approximately $16 billion in revenue and 43,000 employees worldwide. The company operates through a decentralized and entrepreneurial culture, driving innovation and strong performance across its business segments.

Division Description:

The ITW StampTech Fastener Division serves major Original Equipment Manufacturers (OEMs) and Tier suppliers in the North American automotive market. The division supplies stamped metal fasteners and engineered assemblies utilizing deep-draw stamping technologies. Annual revenue is approximately $154M with manufacturing operations in Gallatin, TN, Lexington, KY, and Naugatuck, CT.

• Primary Responsibilities:
  Lead the preparation and review of monthly, quarterly, and annual financial reporting requirements, ensuring the integrity of both ITW enterprise reporting and internal StampTech management reporting while providing analysis and insights that drive business performance and informed decision-making.
• Mentor the Accounting Manager to effectively lead the day-to-day accounting and financial reporting activities for the Division while maintaining compliance with ITW policies, internal controls, and GAAP.
• Develop and mentor the Financial Analyst through coaching, analytical skill development, and exposure to cross-functional business initiatives.
• Develop, monitor, and communicate operational performance metrics (KPIs) including labor productivity, material productivity, inventory performance, sourcing initiatives, and manufacturing cost performance.
• Coordinate monthly variance analysis of financial and operational performance compared to Outlook, Annual Plan, and prior year results, partnering with the Financial Analyst, Operations, Sourcing, Commercial, and Division leadership to understand business drivers, communicate insights, and identify opportunities for improvement and forecast alignment.
• Lead the monthly business review process, ensuring alignment between operational performance, financial results, forecasting assumptions, and strategic priorities.
• Lead the monthly Outlook, Annual Plan and Long-Range Plan through a solid operational and financial analysis process across the Division.
• Business Partner to Plant Leadership and the Division Sourcing Manager to identify and execute productivity and cost reduction opportunities.
• Develop financial models and business cases supporting capital investments, productivity projects, automation initiatives, and strategic opportunities.
• Monitor and improve working capital performance through analysis of inventory, accounts receivable and accounts payable.
• Lead analysis and improvement initiatives related to inventory management, working capital performance, and cash generation.
• Drive continuous improvement initiatives that simplify reporting processes, eliminate manual activities, and improve organizational productivity.
• Partner with the Commercial Finance Manager to drive simplification and automation of operational reporting processes to maintain reporting tools, dashboards, and data warehouse solutions that improve operational visibility and forecast accuracy.

Qualifications

• Bachelor’s Degree in Accounting/Finance or equal industry experience required
• 5+ years of accounting experience in a manufacturing environment required
• Strong understanding of cost accounting, inventory management, and standard costing environments.
• Previous supervisory or team leadership experience preferred.
• CPA, CMA or MBA preferred
• Must be able to adhere to deadlines, manage conflicting priorities and work under pressure
• Strong analytical, organizational, and problem-solving skills.
• Ability to communicate effectively with all levels of the organization.
• Previous leadership, mentoring, or supervisory experience preferred.
• ERP experience required, SAP experience preferred

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.