Division Controller

Job Description:

As a key member of the Global Tire Repair leadership team, the Division Controller will partner with the Vice President and General Manager (VP/GM) to successfully lead and profitably grow the division.

The Division Controller acts as a business partner and facilitator amongst the dynamic functional backdrop of this division. The Controller’s scope and influence extend beyond the accounting practice and help drive our division’s core growth deliverables by guiding and consulting on the financial and forecasting implications of all business decisions related to product, customer, promotion, and people.

Transform financial insights into actionable requests for peer functional leaders. Assist the Division Leadership Team in understanding the implications of their actions on the P&L and the necessary steps to meet our financial commitments. Collaborate with the VP/GM to hold the team accountable for these measures and the impacts of their actions.

The ability to cultivate and maintain trusting partnerships with all leaders across the division and platform is a must. The Division Controller’s key responsibilities include financial reporting and analysis, maintenance of internal accounting controls, compliance with financial policies and procedures, and oversight of operational accounting processes.

Core Responsibilities:

• Strategic Financial Leadership: Partner with the leadership team to develop and execute annual and long-range plans based on in-depth financial analysis of potential capital investments, acquisition opportunities, restructuring projects, and other critical ad-hoc opportunities. Provide strategic financial insights and recommendations to leadership, facilitating regular review meetings to discuss performance and opportunities for improvement.
• Financial Data and Analysis: Establish a rigorous monitoring system to track operating income against financial goals. Develop and deliver detailed financial reports with trend analysis, variance analysis, and predictive analytics. Implement sophisticated forecasting models to guide strategic planning and provide actionable insights to leadership.
• Operational Excellence: Collaborate with department heads and teams to educate them on variable overhead costs and their impact on operating income. Conduct thorough analyses to identify controllable costs and implement effective cost-saving measures. Partner with teams to manage other financial metrics impacting operating income, such as material costs and conversion costs.
• Compliance and Controls: Oversee day-to-day financial operations/processes including, but not limited to, Accounts Payable, Credit/Collections, and Inventory/Cost Accounting. Ensure compliance with financial policies and procedures and maintain internal accounting controls. Collaborate with the Divisional IT Manager and Segment IT Director to align and define strategic priorities for IT operations and projects, while overseeing the development and management of IT annual budgets. Ensure IT systems consistently meet all regulatory requirements and adhere to ITW IT policy.
• Team Development: Identify, lead, and develop talent to maximize individual, team, and organizational effectiveness in exceeding division and functional goals. Foster a growth mindset within the team, encouraging continuous development and upskilling. Develop and lead a proficient diverse Finance team by implementing an organizational structure focused on profitable growth, improving customer satisfaction, and simplifying business processes.

Qualifications:

• Bachelor’s degree in Accounting required; Master’s degree preferred.
• Minimum of 12 years of demonstrated experience in financial reporting and analysis, cost reduction, inventory costing and control, operational accounting, and financial statement management.
• Minimum of 5 years of experience in a financial management role with direct people leadership responsibility.
• Demonstrated experience leading and working within successful cross-functional project teams.
• Experience working in a manufacturing business as a plant controller preferred.
• Excellent knowledge of MS Excel and business intelligence software tools.
• Work from office environment with occasional travel to customer and company sites as required.

Compensation Information:

The salary range for this role is $165,000 to $225,000. Bonus based on individual and business performance with a target bonus range of 15% annually.

We consider several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidate's work experience, education/training, and key skills.