SUMMARY OF QUALIFICATIONS
Twenty years domestic and international experience in strategic planning, accounting, financial analysis, treasury, acquisitions and integration, manufacturing operations, and information systems in the pharmaceutical, medical devices, and consumer products industries. MBA and APICS certified (CPIM) with expertise in:
• Management and cost accounting, activity based costing, and financial planning and analysis
• Supply chain management, just-in-time manufacturing, and continuous improvement process
• Financial and manufacturing ERP systems, business intelligence and MS Office applications
PROFESSIONAL EXPERIENCE
Nice-Pak Products, Inc., Orangeburg, NY 2002 – 2004
(Medical devices, $80 million marketing and manufacturing division of $400 million parent.)
Division Controller
Responsible for continuous improvement process, financial support of the sales force, management and cost accounting, internal controls, information systems development, financial forecasts, and inventory control.
• As leader of NY plant continuous improvement process, identified cost reduction opportunities of $1 million in the first year related to materials, product line rationalization, capital investments, and expenses.
• Primary contact with the sales force for customer and product profitability analyses. Increased the competitive advantage of the division by installing a web-based business intelligence application to provide sales reports and tools to analyze product trends, segment penetration, and market opportunities.
• Upgraded the customer contract management system to strengthen internal controls related to distributor rebates. Reduced rebate processing costs by 50% and eliminated erroneous claims (est. $100k per year).
Consultant, Private Practice, Ridgewood, NJ 2001
Consulting assignments including preparation of year-end SEC reports, information systems development, and automation of manual records and processes. Conducted training classes in Microsoft Excel.
Stryker Corporation, Howmedica Osteonics Division, Allendale, NJ 1999 – 2000
(Medical devices, $600 million marketing and manufacturing division of $2.1billion Stryker.)
Controller
Responsible for financial planning, cost and general accounting, capital expenditures, accounts payable, payroll and benefits, and financial information systems. Managed relationships with banks and external auditors.
• Evaluated and implemented standard cost accounting practices in six manufacturing plants to ensure consistency of product cost methodology, reporting, and performance measurements.
• Implemented a business intelligence system (Hyperion) to facilitate translation of foreign currency results and preparation of consolidated statements. Reduced monthly reporting process from five to four days.
• Integrated employees, general ledgers, and financial reporting systems after acquisition of Howmedica. Recommended outsourcing travel and expense report processing reducing related costs 50%.
Dynal, Inc., Lake Success, NY 1997 – 1999
(Biotechnology, $14 million U.S. marketing subsidiary of $50 million Norwegian parent.)
Controller
Responsible for strategic planning, general, financial, and cost accounting, information systems, customer service, distribution, and human resources. Managed relationships with banks and external auditors.
• Established strategic goals with division president related to start-up of manufacturing operations, information systems requirements, market share growth, and new business opportunities.
• Installed mid-range ERP system reducing transaction processing costs by 25%. Improved productivity of sales force by integrating contact management application (Goldmine) with ERP system.
• Strengthened internal controls and procedures related to cash and credit management, accounts receivable collections, and inventory reducing working capital requirements by 20%.
Alpharma Inc., NMC Laboratories Division, Glendale, NY
(Pharmaceutical, $35 million marketing and manufacturing division of $500 million Alpharma.) 1991 – 1997
Controller and Director of Materials Operations (1994 - 1997)
Controller (1991 - 1994)
Responsible for production and capacity planning, purchasing, inventory control, management and cost accounting, cash and financial management, capital expenditures, human resources, and information systems.
• Automated manual processes related to production planning and materials management by installing ERP application (BPCS). Reduced department expenses 20% due to headcount reduction and efficiency gains.
• Established and directed a plant-wide continuous improvement plan reducing total operating expenses 5% ($500k) in the first year. Directed facility shutdown and relocation to North Carolina 1996 – 1997.
• Implemented activity based costing to improve the accuracy of product costs. Identified and eliminated low margin products increasing overall gross margin three percentage points.
Bausch & Lomb, Inc., International Division, Rochester, NY 1980 – 1990
(Consumer products and medical devices, $400 million marketing and manufacturing division of $1.0 billion B&L.)
Manager, Manufacturing Accounting and Capital Analysis (1988 -1990)
Manager of Accounting (1983 - 1988)
Senior Financial Analyst (1980 - 1983)
As Manager of Manufacturing Accounting, responsible for financial operations at production facilities in ten foreign countries. Duties included strategic planning, acquisitions, systems implementation, and capital expenditures control. As Manager of Accounting, responsible for preparation of consolidated financial statements (30 foreign subsidiaries), division general ledger, internal controls, and information systems.
• Achieved targeted annual product cost reduction of 5% through installation of ERP systems, implementation of continuous improvement plans, and capital investment.
• Established strategic goals with operations director related to supply chain management including: joint ventures (two completed), outsourcing, closing manufacturing facilities, and product mix rationalization.
Bausch & Lomb, Inc., International Division (continued) 1980 – 1990
• As chairman of company-wide Financial Systems Improvement Program in 1986, led team that identified and implemented system and procedure changes reducing the financial closing calendar by two days.
• Planned and developed a worldwide data communications system in 1985-86 eliminating manual preparation and input of financial results. Reduced financial data processing and reporting costs 50%.
Air Products & Chemicals, Inc. Allentown, PA 1977 – 1980
(Industrial gases and chemicals, $500 million marketing and manufacturing division of $1 billion Air Products.)
Financial Analyst, Industrial Gas Division (1980)
Financial Accountant, Gas Group International (1978 – 1979)
Cost Accountant, Industrial Gas Division (1977)
EDUCATION AND CERTIFICATION
MBA Finance (1975), Post-graduate Accounting (1976), Lehigh University
BA Economics, De Sales University, 1973
APICS, Certified in Production and Inventory Management (CPIM), 1992
PROFESSIONAL AFFILIATIONS
American Production and Inventory Control Society (APICS)
Financial Executives Networking Group
Member, Board of Trustees & Treasurer, Hopper Ridge Condominium Association
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