ITW Description:
Illinois Tool Works Inc. (NYSE: ITW) is a 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 18 billion dollars in global revenues, operates 8 major segments with businesses in 56 countries that employ approximately 51,000 women and men. These talented individuals, 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 10,000 active patents.
Division Description:
ITW Body & Fuel NA (BFNA) is a ~$150M division within the ITW Automotive segment. BFNA specializes in the design and manufacturing of interior and exterior automotive components. BFNA products can be found on multiple vehicle platforms specializing in interior door handles and fuel system products.
The Commercial Finance Analyst will be responsible for top line revenue forecasting and analytics for the BFNA division. This role is on the Division Controller's staff and is the primary liaison between the Commercial and Finance functions to which this role will include dotted line reporting structure to the BFNA Sales & Engineering Director. The Commercial Finance Analyst will be a key contributor to organic growth initiatives and develop deep partnerships and domain expertise with the Commercial group. In addition to the long-term revenue forecasting and analytics, the Commercial Finance Analyst will also be the finance lead on a full suite of commercial finance tools including volume, mix, & price analytics, discounted cash flow modeling of commercial opportunities and sold order/backlog conversion analysis.
. Key Finance contact with management of the forecasting and planning system.
. Manage the data collection and publication of Annual Plan and Long Range Plan (LRP) revenue forecasts by Business Unit.
. Oversee and reconcile the monthly revenue reporting updates based on updates from market research data (i.e. IHS builds).
. Manage customer price recovery reporting, forecasting, and the tracking of the material cost impact to ensure that changes in commodity pricing is continually be monitored and captured with the customer base.
. Perform analytics on the product segmentation mix to assist in the ongoing updates to the divisional Segmented Profit/Loss statement to further assess margin performance and growth opportunities.
. Key Finance contact from a Commercial perspective in the development of financial models/analyses for customer quotes and participate in quote reviews.
. Oversee the planning/reporting of sold orders and the impact on sales incentive plan (SIP) bonuses.
. Produce insight into sold order conversion to revenue to improve overall accuracy/conversion rates.
. Key Finance contact for the preparation of the Commercial Tooling budget and will provide assistance in the preparation of select capital tooling requests.
. Key Finance liaison with the Commercial Team on securing updated customer purchase orders.
. Oversee the preparation of select Commercial financial analysis (i.e. Quarterly Revenue Bridge) and other Annual Plan and LRP reports.
. Recommend ways to improve, simplify, or eliminate tasks in the department.
. Participate in ITW Toolbox Initiatives within the business (80/20, USa, PLS).
Other Commercial focused finance projects as needed.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
. Bachelor's degree in Finance, Accounting, or Business Administration and/or related analytical field, while a Masters of Business Administration (MBA) degree is a plus.
. 3-6 years commercial or finance experience in a manufacturing environment.
. Experience partnering with the Commercial/Sales organization.
. Excitement to work in a fast-paced environment that's deadline driven and focused on creating a value-added partnership with operations.
. Strong analytical and problem-solving skills are necessary.
. Attention to detail and a high level of accuracy is a must.
. Ability to manage and prioritize daily functions as well as the ability to multi-task is critical.
. Exceptional written and verbal communication skills required.
. Ability to communicate effectively with all levels in the organization and work well within a team.
. Maintain confidentiality about sensitive data such as budgeting information, operational results, and profit margin.
. Administer and adhere to accounting policies and divisional procedures.
. Strong computer skills: Microsoft Office (Excel, Word, PowerPoint) with proficiency in MS Excel and the ability to manage large data sets using VLOOKUP's and Pivot Tables.
. Experience with Saphran, Trans4M, QAD, and/or another AS400 based computer system is a plus.
. Drive and excitement to grow and develop as a finance professional.
. Ability to learn new skills and the desire for upward mobility and professional growth.
ITW offers a competitive compensation and benefits package, including competitively priced medical and dental coverage the first of the month following hire, free life insurance, paid vacation and holidays, and immediate 401k matching. Additional retirement savings contribution (above and beyond 401k) is awarded at no cost after one year.
ITW Body & Fuel NA is an equal opportunity, equal employment, affirmative action employer. We strive to create a diverse and inclusive work environment where everyone is welcome to contribute their unique talents and ideas. We encourage applications from females, males, disabled/protected or other veterans, persons with disabilities, all races and ethnicities, sexual orientations and gender identities. Reasonable accommodation will be made to enable persons with disabilities to apply and to perform the essential job functions. If you require assistance with completing an application, please reply that you require assistance.
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.
