Controller

ITW • Cranbury, NJ

97d • $100,000 - $140,000 • Onsite

About The Position

TW Specialty Films, a division of Illinois Tool Works (ITW), manufactures coated and metalized films for the Financial Card, Secure ID, Specialty Medical Bag, Holographic, and Lamination 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 site in Cranbury, NJ. The controller serves as a strategic business partner and is critical to the success of the facility. This role is vital to financial reporting, internal controls, operational budget and cost insight, and talent pipeline development. The Controller manages a team of one and plays a leadership role in developing cross-functional trust and collaboration, and acts as an advisor to the Operations Manager. This position will be based at the Cranbury, NJ location, and will report directly to the Division Controller. This is a fantastic opportunity for someone seeking aggressive professional development.

Requirements

• Bachelor’s degree in accounting/finance required.
• 5+ years of progressive accounting experience including general and cost accounting with responsibility for Inventory Control, P&L Management, and Balance Sheet Management required; significant and relevant experience in a manufacturing environment strongly preferred
• Adept at creating budgets from the ground up and effectively managing to the established budget.
• Proven track record of effectively partnering with cross-functional team members at all levels, translating data into useful information about the business, and influencing strategic initiatives to drive operational/financial results.
• An ability to generate respect and trust, while leading through influence
• Excellent time and project management skills, strong attention to detail, prioritization abilities with streamlining/simplification mindset, and strong project management skills.
• Effective cross-functional communicator and collaborator

Nice To Haves

• MBA preferred.

Responsibilities

• 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.
• Ensures that accurate financial records and strong internal controls are in place and being followed.
• Document and monitor internal controls.
• Ensures 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 one direct report with focus on development planning to maximize performance and increase bench strength and capabilities
• Fosters a culture of engagement, learning and accountability
• Provide mentorship to emerging leaders within the site team
• Use change management skills to effectively plan, implement, and evaluate change.

Benefits

• ITW has a comprehensive and competitive benefits package including medical plan options with FSA and HSA plans, dental, prescription drug, vision, 401(k) with a company match, life insurance, wellness programs, employee discounts, 12 paid holidays per year, vacation and sick time starting in year of hire, and a corporate matching gift program for charitable donations!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level