Strategic Financial Executive and business partner possessing the broad skills and notable accomplishments that creates synergy, reduces costs, increases working capital and improves operational efficiencies as CFO, VP Finance and Controller. Thrive in the dynamic environment of growing global enterprises with a methodical and consistent career history demonstrating top performance and leadership abilities. An expert in enhancing profitability, developing strategic initiatives, cost containment, and process improvement. Consistent success developing the systems, processes, and methodologies to reorganize and revitalize operations consistent with GAAP and IFRS framework.
A true team player, working in concert with executives, management, and staff to deliver year-over-year productivity and profitability. A strategic and analytical decision maker who focuses on the overall picture while successfully accomplishing daily operations. Effectively communicates direction, commits people into action, and conveys complex information in easily understood formats. A hands-on, disciplined, professional with uncompromising ethics.
KEY QUALIFICATIONS
Financial Stewardship, Accounting Management, Financial and Strategic planning, Budgeting & Forecasting, Audit and Risk management, Banking, Credit and Cash Management, Change and Turnaround Management, Competitive Analysis and Cost Containment, Customer Service, Distribution, Employee Relations through Team Building, General Ledger, Hyperion & ERP Systems, Inventory Control, Operations Management, Management/International Reporting, Procurement, Supply Chain Management including Vendor/Dealer Relations & Warehousing
CAREER HIGHLIGHTS
Water & Power Technologies, Inc. a Degremont-Technology Company
Salt Lake City, UT (JUL 2010 – OCT 2011)
Global leader in water purification technology with production facilities in Salt Lake City, UT and Dundas, Ontario and expected 2011 sales in excess of $70M. Company is subsidiary of GDF-Suez, a French owned company with sales in excess of $70B Euros.
CFO – BU-INDUSTRIAL NORTH AMERICA
Recruited to oversee financial operations of sales and production facilities in North America. Oversee accounting, controlling and IT staff to ensure timely and accurate reporting to parent and management. Responsible for budgeting and forecasting, audit, tax, cash and banking, and the entire financial and controlling activity of the two separate business units in North America. Report on key performance indicators to ensure growth with profitability. Perform M&A analysis for targeted acquisitions that fit company guidelines for profitable growth. Oversee 12 financial and IT staff in 2 production locations with various indirect reports at other operating field locations. Key Highlights include:
•Full responsibility entire range of financial and controlling for two separate manufacturing locations with 4 distinct business lines including the support of manufacturing, distribution, treasury, tax and accounting functions.
•Hire and develop all finance personnel and work closely with operating units in Richmond, VA and Paris, France on audit and operational reporting including preparation for SAP Business One implementation.
•Responsible for all financial and operational reporting, forecasting, and planning and budgeting for the BU.
•Coordinate and administer adequate plan of control for operations, including internal controls, profit planning, sales forecasting, expense budgeting, cash forecasting, and capital spending control, cash management and audit.
•Perform modeling and financial analysis for new product development and capital job analysis including contract negotiation and cash flow analysis based on % of completion. This includes analysis as it relates to pricing, product development, capacity and return on any capital investments or new acquisitions.
•Continuously work with all business lines to drive cost reductions and achieve process improvements in operations using Lean concepts.
•Prepare monthly, quarterly, and annual reports using key performance indicators, lead quarterly and annual budget process, and coordinate the monthly reporting for operations and worldwide consolidation using Magnitude consolidation reporting tool. Reporting deadlines reduced from 7 to less than 4 business days.
•Conducted M&A analysis for targeted acquisitions that fit company guidelines for profitable growth.
•Use hands on experience to manage all financial disciplines with a solid understanding of all financial and controlling functions to ensure compliance with GAAP and IFRS standards.
•Experienced in modeling to improve business functions including new acquisitions and have practical experience in implementing business strategies and international policy and procedures.
•Run team oriented finance department with high ethical standards, attention to detail and responsive to deadlines. The team is highly responsive, well-organized, and strategic in its focus. We add value as part of a concept of being a creative advisor to senior management and all operations General Managers.
Jungheinrich Lift Truck Corporation
Richmond, VA (2006 – 2010)
Global leader in system technology, offering a comprehensive product range of material handling equipment and rack systems, with annual revenues of more than $45M annually in the US and over $2B worldwide.
VP FINANCE – NORTH AMERICA
Recruited to apply extensive financial and operational expertise in creating the foundation for high-performance finance. Increases operating efficiencies, improves services, streamlines processes, and drives cost reductions in comprehensive financial activities including general ledger, management/international reporting, banking/cash management, AR/AP, collections/credit management, information systems, payroll, auditing, asset management, and warehousing/inventory. Key highlights include:
•Encouraged, energized, and motivated an operational staff of 14 to deliver operational budgeting and financial management reporting tools that enabled the US operations unit to achieve defined sales targets and business development objectives.
•Designed the reporting and transactional systems, policies, and procedures to ensure that all critical financial data is managed and delivered accurately, on-time, and in accordance with corporate best practices as well as governmental regulations.
•Led the successful execution of a workforce redesign that included optimized staffing models, effective process improvements, and the reduction of personnel costs by more than $500K in 18 months.
•Spearheaded the creation and initiation of a viable financial system to capture and report real financial figures to the German headquarters, subsequently reducing collection from more than 60 to less than 40 days.
•Increased efficiency of the closing process to reduce from twelve to less than two days, allowing for improved real time financial decision making to drive operations.
•Revamped the inventory ordering process to reflect current and forecasted orders, dramatically reducing inventory from $15M to $8M and reducing the need for external financing.
•Expanded licensing and brand awareness from just four to more than 15 states after partnering with the company President and VP of Sales to aggressively grow the dealer and sales network.
•Created significantly improved selling initiatives, cost controls, and profit margins, reducing losses from $11.5M in 2006 to less than $4M in 2009.
•Orchestrated logistics and warehouse reorganization to save over $250K on an annual basis.
•Developed an Excel-based financial planning model that successfully forecasts the cash flow stream into net present value with a decade-long forecast capability.
•Successful closure of North American business unit within given time frame – End of June 2010.
Filtrona Richmond, Inc. / Payne-Worldwide
Richmond, VA (2003 – 2006)
Worldwide production leaders in filters and tear tape, with combined US sales of more than $165M annually.
FINANCIAL CONTROLLER / COMMERCIAL MANAGER
Expanded role to encompass financial/accounting activities as well as operations, including customer service, production planning, procurement, warehousing, and logistics. Created realistic and accurate financial projections; performed meticulous financial reporting and analysis to accurately measure cash flow positions, operating costs, earnings estimates, and overall financial position. Key highlights include:
•Established internal controls and best practices to establish strong corporate governance aligning with Sarbanes-Oxley (SOX) regulations.
•A collaborative leader who partnered with key executive, management, and staff partners to ensure short and long-term operational efficiency that successfully met high standards of corporate productivity and customer service satisfaction.
•Energized staff of seven employees to generate strong team to accomplish corporate goals.
•Key member of a team charged with justifying and executing a capital expenditure upgrading the production infrastructure of an aging plant, including equipment and personnel, minimizing production waste and maximizing the return on investment.
•Remapped the entire business process, breaking down the product into numerous product line P&Ls that enabled more accurate forecasting of profit/loss and reduced monthly close from seven to two days.
•Effectively maintained profit margins through collaboration with management peers and providing expert recommendations in product costing, product development, and pricing.
•Improved the flow of raw materials and finished goods after introducing process improvements and renegotiating vendor supplier agreements.
•Partnered with the CFO to set up a new facility in Mexico, traveling to the site bi-monthly to assist in the set up of accounting, operational, and management systems, ensuring a timely plant launch.
Martin Marietta Aggregates
Richmond, VA (1994 – 2003)
Second largest mining and manufacturer of crushed aggregate in the US, with annual sales of more than $3B.
DIVISION FINANCE MANAGER
Directed professional staff of five in administering the financial functions for the Mideast Division’s 12 production facilities with combined budgeted sales of more than $100M, ensuring the delivery of accurate financial reporting and invoicing.
Purchasing Manager (1992 – 1994) / Financial Controller (1988 – 1992), Wimpey Minerals USA, Inc.
Senior Internal Auditor, Rite Aid Corporation (1987 – 1988)
Senior Auditor, Ernst & Young, CPAs (1986 – 1987)
EDUCATION & PROFESSIONAL DEVELOPMENT
MBA, Accounting /Finance ¯ Ohio State University, Columbus, OH
BA, Economics ¯ Kenyon College, Gambier, OH
Certified Public Accountant, Pennsylvania
Personal Interests – Marathoner and Tri-Athlete participant and coach. |
