Job Description:

Company Description

Magnaflux is the global leader in non-destructive testing equipment and materials employed by the quality management teams of the world’s largest manufacturers. While you may not be familiar with our name, you have undoubtedly experienced the benefits that our products, services and employees have had on the performance and safety of many of the products that you come in daily contact with. Our mission is to make the world a safer place.

We are part of Illinois Tool Works Inc. (NYSE: ITW) a Fortune 300 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required.

As part of ITW, Magnaflux makes the below commitments to our team members:

Reporting to the Division Controller, this role serves as a key business partner to enable above average market growth and operational efficiency.  In addition, this leadership role is responsible for managing the U.S. accounting and finance organization. 

Essential Job Responsibilities:

Planning, reporting and analysis

Oversee the monthly and quarterly financial close process for the North America business unit, including preparation of financial reports and outlooksServe as a key participant in major financial decisions impacting the North America regionDeliver proactive internal reporting by identifying potential risks and opportunities, and recommending strategic solutionsFinancial analysis of actual results, highlighting variances to key strategic plans and forecastsMonthly management information reporting including presentation of results to internal managementCreate accurate financial forecasts and support the preparation of Annual and Long-Range PlansEnsure compliance with ITW policies and procedures, including the execution of effective control processes and support for both internal and external auditsCollaborate closely with the Divisional Controller on financial planning, reporting, consolidation and analysisSupport the successful deployment and integration of a new ERP system

Management

Mentor and manage a three-person finance team, providing direction and support in key accounting functions such as accounts payable, inventory management, invoicing, and accounts receivable.Leverage and drive the Front to Back 80/20 Business Process and Toolbox principles within the organization to drive growth, enhance efficiency and eliminate complexity from the business processesEnsure the organization operates within all Corporate financial and compliance guidelines

Qualifications:

Bachelor’s degree in accounting required with a minimum of 4 years of progressive experience in a financial reporting or audit role.  Experience in reviewing and supervising accounting areas such as accounts payable, inventory, invoicing/accounts receivable and payroll. Masters in accounting or CPA Preferred.Strong leadership skills with a proven ability to operate as a strategic business partnerProven ability to perform budgeting and forecasting, as well as drive simplification and continuous improvement within the businessDemonstrates effective use of financial analysis techniques and tools to provide advice to cross-functional areas and drive business resultsExperience developing and managing direct reports within the finance function.Ability to foster collaborative, effective relationships at all levels of the organizationProficiency in accounting software and highly skilled in Excel; intermediate knowledge of Word and PowerPoint.  Experience with Power BI or Acumatica ERP is a plusWillingness to travel domestically at least 4 times per year

A FOCUS ON WHAT MATTERS MOST  

The ITW Business Model is our defining competitive advantage. By leveraging this Magnaflux reduces complexity and distractions to deliver best-in-class performance for our customers.  Our focus has fueled our legacy of success, and we’re not stopping.

The ITW Business Model gives us the tools to focus on what’s most important at Magnaflux, and we’re grounded in our values of Integrity, Simplicity, Trust, Respect and Shared Risk.

EMPOWERED ENTREPRENEURSHIP

As part of Magnaflux, our people are empowered to think and act like business owners. Our decentralized, entrepreneurial culture is the key to how we execute and requires us to trust our people.

OPPORTUNITIES TO IGNITE YOUR FULL POTENTIAL

At Magnaflux we believe our people are the powerful force behind our success – that’s why we invest our time and resources into helping them grow their skills and interests. No matter where people start, they can grow their career at Magnaflux and as part of ITW.

PURPOSE BEYOND PRODUCTS

We are committed to making a positive impact on our people, customers, suppliers, environments and the communities where we live and work. The latest details can be found in the ITW Sustainability Report, which can be found on itw.com/sustainability.

Company Benefits

Best in Class Benefits: Our total rewards package is broad and offers comprehensive support ranging from health and wellness to retirement planning. 

Affordable Medical, Dental, Vision Insurance to meet you and your family’s needsHSA/FSA with a company matchIncome Protection BenefitsIndustry Leading 401(k) plan with company matchPaid Time Off11 paid holidays plus 1 floating holidayParental LeaveMatching Gift and Volunteer Program

Compensation Information:

The compensation package for the role offers a competitive base salary ranging from $105K - $130K annually. This position is eligible to participate in the annual incentive plan.