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Business Unit Controller

ITW Welding Wheaton Full-Time
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BASIC DESCRIPTION:

Miller Welding Automation is a growing division of Miller Electric Mfg. LLC, an Illinois Tool Works affiliate focused on creating customer success with robotic and automated welding solutions. We design and manufacture a full line of automation equipment and serve a broad range of industry segments; from Heavy Equipment and Agriculture to Automotive and Aerospace.

We have an exciting opportunity for a talented and innovative Controller to join our dynamic finance team! This is a key leadership position that will be responsible for driving and managing financial performance by accurately preparing, interpreting and communicating all business financial information, including commercial strategies and data analysis of key business metrics that drive decisions based on facts and data.

This position will be responsible for all aspects of accounting functions and financial reporting for the division, adhering to and applying all ITW principles, including development of strategic financial plans for Long Range Plan and Annual Plan.

This position is based in Carol Stream, IL.


ESSENTIAL FUNCTIONS

  • As the trusted financial leader in the division, this individual will be responsible for leading the accounting function to ensure accuracy of financial records and integrity of data shared with executive leadership.
  • Responsible for leading and mentoring Accounting staff and will develop a talent pipeline by motivating, inspiring and influencing direct reports and peers.
  • Manage all monthly, quarterly, and year-end financial closing processes effectively and efficiently.
  • Actively engage in production management related to job delivery/installation coordination for revenue.
  • Drive accurate outlooking, gathering information from management, sales, and production and provide variance analysis vs. prior outlook, budget, and plan.
  • Manage all financial aspects of inventory including inventory reconciliation, cycle count program, slow & obsolete reporting and inventory management. Will also measure, monitor and analyze inventory trends, and drive improvement.
  • Prepare/review monthly journal entries and account reconciliations for specified general ledger acccounts including inventory, various balance sheet accounts, intercompany transfers, and cash accounts.
  • Manage day-to-day accounting functions including accounts payable, reconciliations, expense approval and reporting, capital justification, and fixed assets monitoring.
  • Apply 80/20 thinking and sound judgement to reduce complexity and work with team to simplify processes. Drive, monitor, and report Toolbox projects.
  • Support maintenance of bill of material structures and update standard costs, including building job specific bills of material.
  • Manage rebates and customer prepayment invoices.
  • Keep segment and division leadership team's informed of important developments, potential problems and related information necessary for effective management.
  • Present an objective opinion as input for business decisions based on facts and data analytics.
  • Guide and educate other employees how their choices and decisions will impact enterprise financials. Identifies, communicates, and trains others on key business drivers.
  • Perform related work as apparent and assigned.

MINIMUM QUALIFICATIONS:

  • Bachelor’s Degree in Accounting; CPA qualification (or working towards it) a plus
  • 5-7 years of related experience
  • High energy and drive with ‘can-do’ attitude
  • Detail oriented with strong problem solving, analytical and organizational skills
  • Analytical, inquisitive and crisp in explaining the story behind the numbers. Strong ability to understand macro and micro trends and quickly discern inaccuracies
  • Demonstrated ability to communicate (verbal/written) effectively with customers, suppliers and all employees as well as an ability to develop positive and productive peer elationships
  • Ability to adapt and learn multiple job functions
  • Proficiency with diverse computer software systems, especially MS Excel (required)
  • Flexibility in day-to-day tasks of a small office environment
  • Enthusastic self-starter with the ability to work independently on projects with little direction
  • Expected travel is 10% to 15%
 

Skills required

Auditing
Budgeting
Management
Analysis
Reports
Forecasting
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Job ID: 2570373

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ITW’s Welding segment designs and manufactures value-added equipment and specialty consumables with leading technology for a variety of industrial applications, serving an array of end markets where weld quality is a critical factor. ITW’s industry-leading welding solutions are differentiated by innovative technology designed to meet the needs of today’s users with specific focus on productivity, quality, and ease of use behind very strong brands. ITW Welding also continues to address critical industry issues such as more stringent regulatory requirements and the need to quickly and effectively train new welders.

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