Controller, Finance & Banking, Financial Manager

ITW Description

Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified, Fortune 200 manufacturing company that delivers specialized expertise, innovative thinking, and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune’s Magazine’s most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets.

ITW’s revenues totaled $15.9 billion in 2024.

ITW Specialty Films designs, manufactures coated and metalized films for the Financial Card, Secure , Specialty Medical Bag, Holographics and Laminations markets. Operating from 8 locations across North America and Europe, the division leverages unique core competencies and deep technical expertise to meet specialized customer needs.

We are seeking a site Controller for our manufacturing sites in Newburyport, MA and Bloomfield, CT. The controller serves as a strategic business partner and is critical to the success of the facility. This role is critical to financial reporting, internal controls, operational budget and cost insight, and talent pipeline development. The Controller manages a team of two and plays a leadership role in developing cross‑functional trust and collaboration, and acts in partnership with the Operations Manager.

This position will be based at the Newburyport, MA location, and will report directly to the Division Controller. This is a fantastic opportunity for someone seeking aggressive professional development.

• Financial Planning & Reporting
  • Coordinate and direct the financial planning, budgeting, and reporting for the organization.
  • Prepare or direct preparation of financial statements, business reports, annual budgets and/or reports required by corporate and/or regulatory agencies.
  • Ensure an accurate and timely monthly, quarterly and year end close in strict accordance with ITW Financial reporting policies (USGAAP).
  • Effectively communicate and coordinate the exchange of financial information to key stakeholders (global finance team and local leadership team).
  • Advise management team on short‑term and long‑term financial objectives, policies, and actions; prepare ad‑hoc analyses for local and Division management for use in decision making.
  • Support Division leadership team to achieve division goals and objectives.
  • Manage annual budgeting and forecasting processes along with monthly outlook updates for US units.
• Financial Records, Systems, Processes & Internal Controls
  • Manage compliance to accounting policies and procedures to ensure accurate and timely financial statements.
  • Direct and manage Inventory, including a full understanding of the BOM’s and Product Costing, along with the labor & overhead standards update, A/P, A/R, Banking Activities (ACH, Positive Pay, Bank reconciliations), Corporate Credit Cards, Fixed Asset, Payroll, and other administrative activities as assigned.
  • Understand and apply ITW financial policies consistently and effectively. Ensure that accurate financial records and strong internal controls are in place and being followed.
  • Document and monitor internal controls. Ensure that transactions are recorded in an efficient and timely manner.
  • Coordinate internal and external audits as well as other corporate requests.
• Financial Analysis / Continuous Improvement
  • Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed. Perform analytical reviews of data and explain variances against plan, outlook, and prior year.
  • Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
  • Apply the ITW Principles to eliminate complexity and improve profitability of the company. Participate in teams and play a lead role in the collection and analysis of data for these projects.
• Team Management & Development
  • Lead and coach two direct…