Job Description:
Position Title: Financial Analyst
Location: Mechanic Falls, ME
Classification: Exempt
Reports to: Business Unit Manager
Date : October 2026
ITW Description:
Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified Fortune 200 manufacturing company that delivers specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune Magazine’s most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW’s revenues totaled $15.9 billion in 2024.
Division Description
ITW Electrostatics, a division of Illinois Tool Works (NYSE: ITW), part of Test, Measurement and Electronics segment is industry leading manufacturer and designer of static control devices for equipment makers and end users. Electrostatics division revenues were ~$210MM in 2024 and it is headquartered in Hatfield, PA USA. Division has operations in USA, Europe, China, and Asia, including nine manufacturing plants and 500+ employees. Electrostatics division brands include: SimcoION, Eltex, Pillar Technologies, Teknek, Opto Diode, Vortec, Paxton, AEGIS).
Position Summary:
The Financial Analyst will be responsible for working collaboratively with members of the Finance, Sales, Operations, Engineering teams, and Business Unit Manager to provide timely financial analysis and forecast information to aid in making accurate business decisions. Timely and accurate completion of monthly accounting responsibilities. Provide financial support of business initiatives and apply the ITW principles/toolbox to improve processes. The role will report to the Business Unit Manager and be based in our Mechanic Falls, Maine USA location.
Essential Duties and Responsibilities:
In this role, this person will be responsible for accessing and navigating through our ERP to collect data and collaborate with respective cross-functional leads to interpret and analyze historical, trending, and current data to support:
Revenue Forecast and Financial Modeling
Updating pertinent bookings, revenue and backlog reports to reflect current state of business
Provide insights to the business leaders regarding current levels of revenue recognition performance within the period
Using historical data as well as insights from current reports, collaborate with the Business Unit Manager to inform outlook for the business
Assist in developing detailed project analysis and model development. Prepare related forecasts and analysis to support business decisions.
Cost Analysis
Review current spending as it relates to various accounts to provide variance analysis to historical levels and Plan levels
Support variable margin improvement initiatives through conversion cost and yield analysis
Use information from various stakeholders to inform future cost outlook within the business for the current year
Partner with Sales, Engineering and Operations to develop and support financial tools and trackers (price-cost, market analysis, etc.)
Financial Root Analysis
Reviewing, analyzing and interpreting financial performance vs. budget/forecast on a monthly, quarterly and YTD basis
Work with departmental groups to audit and provide root cause for necessary financial variances as guided by the accounting and business leadership teams
Other Financial Support
Monitoring and reporting on key business metrics, which include our Enterprise-Wide Metrics, Customer Facing Metrics, 80/20 Segmented P&L
Assist stakeholders with Long Range Plan, Annual Plan and monthly outlook tasks as needed
Build and maintain effective relationships with the sales, engineering and operations organization as well as the facility management team
Reviews, evaluates and prioritizes tasks/project…