Controller

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.

Division Description:

ITW Specialty Films designs, manufactures coated and metalized films for the Financial Card, Secure ID, 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.

Position Summary

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.

Essential Duties and 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 two direct reports 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.

Position Skills and Qualifications

Bachelor’s degree in accounting/finance required. MBA preferred.

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

Working Conditions and Requirements

Work is normally performed in an office environment; requires frequent sitting, computer use, and communication with both office and production floor teams

Need to enter production areas; proper PPE required and provided as needed.

Travel requirements – Up to 5% to our NA facilities

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.

Steph McNulty-Caplin

HR Manager

Phone: (978) 225-8216

[email protected]

Correspondence Address: ITW ShineMark, 5 Malcolm Hoyt Drive, Newburyport, MA, 01950