Job Description:

Since its founding more than 100 years ago, ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on the development of innovative solutions–most of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for the innovative products we provide.

ITW’s differentiated business model is composed of a set of unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture. These capabilities are unmistakably ITW—and key to our longevity and strong performance.

ITW’s products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.

Today, ITW (NYSE: ITW) employs 46,000 people with operations in 51 countries with headquarters in Glenview, IL. Our campus includes a fitness center at no cost to the employees, a cafe, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more.  We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.

More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/

Job Description

The Financial Planning & Analysis Manager will play a critical role in supporting the financial activities of ITW and several of its Operating Segments. Reporting directly to the Director- Financial Planning & Analysis and a Business Partner to the Group Controllers, he/she will be responsible for supporting the annual planning and long-range planning process, understanding of key business drivers and creating analyses that support decision making within the Segments and across the Enterprise. The position will deliver value-added business analyses as well as define and report meaningful financial and operational metrics. The ideal candidate must be assertive, self-directed, innovative, collaborative and detail orientated. This critical role is highly visible to senior management, including the ITW CFO, and is widely viewed across the enterprise as a ‘stepping stone’ to larger global stand-alone Finance Manager / Accounting roles.

Job Responsibilities

The role of the Manager, Financial Planning and Analysis will be to both support the Director - FP&A on the Corporate FP&A function as well as to support the Group Controller and Segment Leadership of several ITW Operating Segments. Responsibilities will include the following:

Assist the Director - FP&A and Senior Management in analyzing and understanding the monthly and quarterly financial results of the Segments including operating performance trends, actual vs forecast and key metrics. Provides valued added insight on the results.Leverage use of external drivers including end-market trends, regional trends and economic indicators to understand actual results and evaluate future forecasts for the Segments.Active and engaged “Business Partner” to Group Controller and Segment leadership. Identifies key business trends and drivers in performance and proactively communicates.Review monthly and quarterly forecasts and provide proactive feedback based upon external and internal trends. Monitor, understand and communicate how macroeconomic environment and end-market dynamics impact the results of the Segment.Participate in the annual plan and long-range plan (LRP) process by supporting the segment in preparing and consolidating their plans and financial models.Manage process to track and analyze results relating to the enterprise initiatives.Prepare benchmark analysis of key competitorsRepresent FP&A on various cross-functional project teamsPrepare ad-hoc financial analysis and participate in operational projects to support Segment leadership.Prepare analysis and presentations in support of quarterly earnings release and analyst call, Board meetings, shareholder meetings, and senior leadership meetings.
 

Qualifications

A Bachelor's degree is required. An advanced degree / certification (e.g. MBA, CPA) and/or Fortune 500 finance training program is desirable.Minimum 7 years of finance and accounting experience with a strong preference for manufacturing industry experienceAbility to work 5 days a week onsite at the corporate campus in Glenview with flexibility on hoursOutstanding analytical skills and a proven ability to connect data analysis with business issues and decisionsResults orientation, with a high degree of personal initiative and leadershipExceptional communication skills with ability to present analysis and findings in both verbal and written formats to all levels of managementExcellent project management skills and attention to detail.Excellent interpersonal skills and the ability to build productive cross-functional relationships.Self-starter with the ability to juggle multiple tasks and reprioritize with ease. Track record of good decisions when facing new and unfamiliar challenges.Strong knowledge of finance and accounting principles and experience working with income statements, balance sheets and cash flow statements.Willingness to travel domestically and internationally as necessary

Salary and Benefits:

The compensation package for the role offers a competitive base salary ranging from $110K - $140K annually.This position is eligible to participate in the annual incentive plan.

Additional Information

Illinois Tool Works Inc. (“ITW” or “the Company”) is an equal employment opportunity employer. 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.

If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please email corp_accessibility@itw.com to request assistance. No other requests will be acknowledged.

ITW values our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

Compensation Information:

$110-140k plus bonus

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.