Senior SOX Auditor

at ITW in Glenview, Illinois, United States

Job Description

ITW (NYSE: ITW) is a global industrial company built around a differentiated and proprietary business model. 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. ITW has operations in 51 countries around the world with products ranging from state-of-the-art dishwashers, ovens and refrigerators in restaurants and hotels, to automobile components inside vehicles all over the world. The products we manufacture and the solutions we design are all around us. The buildings where we live and work are built with ITW construction and welding products, and our ITW test & measurement solutions help to ensure the quality and safety of millions of products. ITW’s dedicated ~46,000 colleagues around the world thrive in the company’s decentralized and entrepreneurial culture – and embrace our core values of ITW core values includes Integrity, Respect, Trust, Simplicity and Shared Risk. Our leaders have deep expertise in the ITW Business Model and leverage it to deliver superior performance and value to our customers.

The ITW campus includes a fitness center, a subsidized wellness café, outdoor volleyball courts, a walking trail, corporate discounts, free parking, and much more. We are a one block walk to the nearest Metra station for the Milwaukee North line, and it is a quick train ride to/from downtown Chicago.

ITW fosters an inclusive work environment, including through its six Employee Resource Groups and offers a competitive benefits package – more details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/

ITW is seeking a Senior SOX Auditor of Internal Audit to support ITW’s Sarbanes Oxley (SOX) program through coordination of SOX related activities between the company, our internal SOX team, and external auditors. This individual will evaluate the company’s SOX program and be primarily responsible for collaborating with functions across the company to ensure a strong and efficient internal control environment. This highly skilled and experienced individual will perform independently under general direction of the SOX Manager, and should possess a strong background in financial controls, risk assessment, and compliance.

As a member of Audit Services, you will be provided learning opportunities, technical competency training and career development coaching. Potential domestic and international travel opportunities (~10-20%) generally for 1-2 weeks at a time.

Join our team as a Senior SOX Auditor and contribute to the company’s commitment to maintaining robust internal controls and compliance with regulatory requirements.

Department Overview:

The Audit Services team is responsible for providing assurance about the effectiveness of controls and financial integrity of ITW. The Audit Services team consists of 40 audit professionals that are located all over the globe – based in Glenview, IL, the United Kingdom, Hong Kong, and Brazil. Due to ITW’s global scale and diversified business portfolio, ITW auditors receive a diverse business experience, while immersing in the culture of the 51 countries ITW operates. The audit experience provides professionals the opportunity to develop technical, operational and personal effectiveness skills. Audit Services also performs corporate controls testing locally for auditors that want to stay close to the corporate headquarters. Within the Audit Department, our Culture Committee engages employees in activities and world events related to Safety, Community, Diversity & Inclusion, Environment, Recognition, and Mindfulness & Wellness.

Things to get excited about:

+ Generous benefits package including healthcare, 401k matching program and paid time off

+ Free access to a full gym on the ITW campus

+ The ITW Foundation offers a 3-1 match program, paid volunteer hours, sponsors the David Speer Academy in Chicago, IL and more.

+ Flexibility regarding work-from-home options

+ Dress for your day at the corporate office

Responsibilities:

+ Participate in planning, scoping, and execution of ITW’s SOX program, in alignment with the company’s risk assessment.

+ Analyze and assess financial and operational risks related to internal controls, and identify potential deficiencies, weaknesses or control gaps.

+ Lead annual SOX 404 testing with internal and external auditors, including walkthroughs and tests of relevant controls to validate their effectiveness and adherence to SOX requirements.

+ Prepare clear and concise audit documentation, including workpapers, findings, and recommendations.

+ Evaluate processes for design deficiencies, identify areas of potential improvements and suggest controls to mitigate identified risks.

+ Communicate effectively with ITW process owners, internal and external auditors, regarding audit findings, progress, and recommendations.

+ Continuously improve the SOX program by leveraging technology, continuous monitoring, and benchmarking of controls.

+ Develop, coach and mentor auditors, providing timely feedback aligned with ITW’s Great Leaders framework.

+ Stay current with changes in SOX regulations, industry best practices, and emerging trends in internal controls.

+ Pursues professional development opportunities, including external and internal training and professional association memberships, and shares information gained with co-workers.

+ Participate in special projects or initiatives as assigned by the SOX Manager or Audit Services leadership.

+ Bachelor’s or Master’s degree in Accounting from an accredited college or university is required.

+ Certification such as a CIA or CPA is desired.

+ 3+ years of full-time experience in internal audit, external audit, or internal controls assessment, focusing on SOX compliance is required.

+ Ability to work at the office full time at the Glenview corporate campus with flexible hours.

+ Strong understanding of the Sarbanes-Oxley Act, 2013 COSO framework and SEC guidance for management’s assessment of internal controls over financial reporting.

+ Strong understanding of current accounting (GAAP) and auditing (GAAS) principles.

+ Extensive knowledge of and skill in applying internal auditing and accounting principles and practices, and management principles and preferred business practices.

+ Willingness and ability to learn and work both independently with minimal supervision and collaboratively within a team.

+ Demonstrate project management, teaming, organizational, analytical and problem-solving skills.

+ Skill in collecting and analyzing complex data, evaluating information and systems, and drawing logical conclusions.

+ Ability to travel 10-20% total. Domestic trips are shorter yet for international travel the ability to travel 1-2 weeks at a time.

*ITW Audit Department is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status.

Illinois Tool Works Inc. (“ITW” or “the Company”) is an equal employment opportunity employer. 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.

If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please email corp_accessibility@itw.com to request assistance. No other requests will be acknowledged.

_ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop t