Division Controller

Job Description:

ITW (Illinois Tool Works Inc.) is a Fortune 300 company and is one of the world’s leading diversified manufacturers of specialized industrial equipment, automotive components, consumables, and related service businesses. 

ITW Mechanical Fastening, a division within the Construction Products segment, provides premium and trusted, differentiated fastening solutions. Our products are engineered to deliver superior productivity and reliability to meet the needs of residential remodelers and new home construction contractors. With category-defining brands like GRK, Tapcon, and Teks, we have a widely available product portfolio at preferred retail and dealer outlets.

ITW offers you a path for advancement, a competitive salary, and a comprehensive benefits package designed to help employees care for themselves, their families, and their futures. Our Glenview office has a free onsite fitness center, active employee resource groups, corporate discounts, and much more. We are just one block away from the Golf Metra station and quick train ride to downtown Chicago.

Purpose of the Role

As a pivotal member of the ITW Mechanical Fastening leadership team, the Division Controller will serve as a strategic finance leader and business partner. You will lead financial planning, analysis, and governance to support above-market organic growth and operational excellence. You shape business strategy, leveraging ITW’s business model to simplify processes, enhance decision-making, and foster a high-performing finance team through talent development and cross-functional collaboration.

Key Responsibilities

Financial Leadership & Strategic Planning

• Lead the development of Mechanical Fastening’s Annual Plan and Long-Range Plan and drive execution of key financial initiatives defined within them
• Lead financial analysis and decision making on ‘80’ growth products, including resource and capital investment decisions
• Oversee day-to-day financial operations, including accounts payable, credit and collections, inventory and cost accounting and payroll.
• Prepare monthly financial statements with detailed analysis, including variance explanations for actuals compared to plan, forecast, and prior year.
• Lead planning and forecasting, delivering accurate monthly forecasts and clear performance targets that help leaders anticipate risks, evaluate results, and take timely action.
• Clearly communicate financial plans, results, and outlook, explaining the story behind the numbers to divisional and corporate leadership

Business Partnership

• Partner with Division Leadership Team to ensure business meets or exceeds the Annual Plan on revenue, operating income, inventory, and AR targets
• Improve reporting tools and financial insights to help commercial leaders make faster decisions, strengthen sales execution, and capture revenue opportunities.
• Partner with sister divisions to optimize intercompany financial results and shared processes, fostering a collaborative, win-win mindset.
• Partner with the Operations Director and leaders across operating locations to improve productivity, reduce costs, and evaluate savings initiatives through financial analysis.
• Build credibility and foster collaboration across all functions

Financial Governance & Control

• Maintain strong accounting practices and internal controls across all division locations, ensuring accurate reporting, compliance, and consistent financial processes

• Support ERP implementation as required through business process alignment and functional expertise
• Monitoring and support for sustenance and continuous improvement for Above-Average Financial Audit results and compliance

People Leadership & Talent Management

• Cultivate and develop a high-impact team to optimize individual, team, and cross-functional performance
• Aggressively develop Great ITW Leaders through targeted coaching, development planning, and performance management to build a strong talent pipeline
• Create and sustain a culture of accountability by aligning team to strategy, setting clear expectations, and reinforcing ownership of results
  
  

Required Qualifications

• Bachelor’s degree in accounting or finance required.
• 10+ years of progressive finance experience, including financial reporting and analysis, cost and inventory control, P&L management, and operational accounting
• Experience supporting a multi-site, manufacturing environment
• 3+ years in a financial leadership role with direct people management responsibility.
• Demonstrated success partnering with senior leaders, translating financial analysis into clear recommendations, and influencing decisions that improve business results.
• Experience leading financial planning, reporting, accounting, controls, and performance management in a complex business environment.
• Advanced Excel skills and experience using financial reporting software.
• Strong written and verbal communication skills, with the ability to simplify complex information and adapt to various audiences.
• Proven ability to navigate and adapt to evolving business environments and ambiguity, anticipate business needs and risks
• Growth mindset with experience driving change while maintaining stakeholder alignment.
• Ability to travel as needed to facilities in Greater Chicago area

Preferred Qualifications

• MBA or master’s degree
• Experience leading or playing a significant finance role in an ERP implementation and working with business intelligence tools.
• Knowledge of the construction industry.

Compensation Information:

We believe our people are our greatest asset. That’s why we invest in creating an environment where you can thrive—both personally and professionally. For more details, visit our Benefits page: https://myitwhr.com/

The annual base salary range for this position is $175,000 to $225,000. The role is also eligible for a bonus up to 25%. Actual compensation will reflect the position’s scope and responsibilities, as well as the candidate’s experience, education, training, skills, and relevant market and business considerations.

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.