Financial Analyst

Illinois Tool Works Inc. (NYSE: ITW) is a global Fortune 200 diversified manufacturing company that delivers specialized expertise, innovative thinking, and value-added products to meet critical customer needs in a variety of industries. ITW, with approximately 15 billion dollars in global revenues, operates 7 major segments with businesses in 52 countries that employ approximately 45,000 women and men. These talented people, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 19,000 granted and pending patents.

ITW Motion serves all the major OEMs and their tier suppliers with approximately $36M in revenues. Locations include: Frankfort, IL, Rottingen, DE, and our Commercial Sales in Troy, MI.

The division drives profitability by leveraging its innovative solutions and application engineering. In addition to ITW’s industry leading research and development capabilities, ITW Motion enhance our customers’ advantage by:

Maintaining advanced engineering and manufacturing facilities in NA.

Exchanging product, process and benchmarking information with sister units worldwide.

Continually improving processes, material and designs to ensure every product exceeds customer specifications while providing unparalleled value.

The Financial Analyst will report to the Motion EU Business Unit Controller and dotted line report to NA Seats & Motion Accounting Manager. This potion will be accountable for producing timely and accurate financial statements while demonstrating accountability and ownership for Motion business. The Financial Analyst will work closely with the Accounting Manager to manage workflows, meet all monthly reporting obligations, prepare analysis of financial data and other duties. This role will demonstrate the ability to look ahead and anticipate future trends and not only report actual results but predict future results. The Financial Analyst will communicate financial concepts to all levels and be able to explain the story behind the numbers.

Compiles and reports all monthly financial reports required by ITW Financial Policies

Annual Plan (Budget) to actual analysis and reporting

Prepares and reports Front-To-Back & Segmented P&L data along with sales forecasting analysis

Reviews and finalizes the financial justification for all Capital & large expense requests

Play key role in preparing audit materials, including any documentation, and ensures that all entries are entered into the system properly

Prepares all payroll and all general ledger journal entries

Review and complete accounts reconciliation in timely manner

Assist with account receivables and accounts payables when needed

Communicates and coordinates accounting policies, practices, and procedures with department and company managers and officials, vendors, reporting agencies, clients, customers, and the public

Assist Operations, Engineering and Sourcing teams with data and project management

Leading and providing strong guidance with ITW Toolbox initiatives

Serving as a backup and/or assisting, as needed, to the Accounting Manager

Other tasks and duties as assigned

Education/Experience: Bachelor’s degree – B.A. /B.S. from four-year College or University in Accounting or Finance. CMA or CPA a plus

1-3 years of experience in Accounting function or demonstrated strong learning capability

Exposure to P&L and Balance Sheet reporting

Ability to maintain discretion

Ability to demonstrate a strong analytical mindset

Ability to meet deadlines in a fast-paced environment

Ability to identify areas for opportunity or simplification and implement best practices

Strong knowledge of Accounting

Strong Microsoft Office skills

Strong communication & presentation skills

Drive to learn, grow, and succeed

Must be eligible for employment in the United States

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.

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.

ITW is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.