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Senior Financial Analyst

Company: Illinois Tool Works Inc.
Location: Eden Prairie
Posted on: May 22, 2023

Job Description:

* SMART PEOPLE * SMART IDEAS * SMART CHOICEA thriving environment for learning, innovation and growth.Why do so many people join MTS Systems Corporation and stay for a career? Because this is a place where you get to apply your creativity, work with smart people on fascinating projects, and make a positive impact on people's lives. It is a place where you can learn, innovate and grow professionally.Transforming what's possible with cars, aircraft, bridges, wind turbines and space-age materials - this is work we dream about as kids. At MTS, it's a rewarding career path for talented individuals who are willing to work hard, think hard, and commit to solving complex and critical challenges for our customers around the world, many of whom are leaders in their respective industries.By joining MTS, you'll have access to the latest tools and technologies, along with the support of colleagues who are passionate about their work. You'll discover a dynamic culture of continuous improvement that extends to our people, one that offers numerous ways to expand your knowledge and advance your career. And because we are a global company, your work may also include world travel.Primary Objective:The emphasis of this role will be supporting the MTS Service business by partnering with accounting, finance, and functional business leaders to drive achievement of financial goals through planning, forecasting, reporting, and analysis.Major Areas of Accountability:1. Develop and deliver timely reporting and analysis to drive functional management decision making and performance measurement.2. Support the financial planning and analysis manager, including:

  • Monitoring and administering the financial status of customer orders and related projects, including detailed revenue and cost plans, project and order risk assessment and coverage, and recommendations for reserves and contingencies.
  • Developing and maintaining unit revenue, margin, period cost, and SG&A projections
  • Support functional owners with departmental expense budgeting processes, and the financial aspects of strategic business planning as part of the overall sector and unit budgeting and planning processes.
  • Special projects, as assigned3. Support the accounting team with Service-related month-end close processes and ensure the ongoing integrity of revenue and cost accounting in accordance with Company policies 4. Develop methods and tools to support financial data collection, performance modeling, statistical analysis, and complex reporting. 5. Support management in financial planning activities, including annual budgeting, forecasting, and strategic planning.
    • Implement, utilize, and maintain planning systems and tools. Lead system and tool enhancement projects.
    • Develop and execute process schedules, formats, templates, and outputs.6. Establish, maintain, and monitor adequate internal controls including procedures, documentation, and processes to ensure the integrity of the financial information and compliance with U.S. Generally Accepted Accounting Principles (GAAP) and Company policies and procedures.7. Perform other duties as assigned.

Keywords: Illinois Tool Works Inc., Eden Prairie , Senior Financial Analyst, Accounting, Auditing , Eden Prairie, Minnesota

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