Adam Benoit Email & Phone Number

Sharpsville, In, Us

Sharpsville, In, Us

ERP ImplementationPricing Strategy and ExecutionFinancial ReportingBudget and ForecastsAdvisory and Data AnalyticsIT and Finance Team Management

Indianapolis, In, Us

Executive finance leader for private equity backed portfolio company. Presented with IBJ CFO of the Year nomination, V/P of Finance title promotion, and LTIP prior to departure.• Assessed and incorporated use of a professional employer organization reducing (employee + employer) insurance premium by $95,000, improving trackability of key employee metrics, and reducing internal payroll time activities by 90%• Reduced days sales outstanding by 18% despite industry headwinds via implementation of key A/R initiatives including: standard operating procedure documentation, ticketing system implementation, AIA tracking, customer contract negotiations, and development of daily and weekly key performance indicators• Enhanced strategic visibility and resulting accountability through the development and deployment of divisional and departmental budgeting and financial tracking while simultaneously reducing month-end closing by 27%• Trustee responsible for compliance related matters including, but not limited to: bank covenant reporting, sales tax remittal, partner guaranteed payments, audit report issuance, 401(k) administration, and all insurance related matters• Expanded company’s gender and ethnic diversity reducing groupthink and improving cross-functional collaboration by hiring key influencers and engaging personnel by embracing vulnerability and encouraging innovation and creativity• Participated on Leadership Team responsible for overall strategic direction of company; Advised the Chief Executive Officer and remaining executive leadership on topics including, but not limited to: organizational structure and transformation, performance and productivity management, product pricing, and investment / divestment strategy

Executive finance and HR leader for angel-backed technology company. Offered direct equity stake prior to departure. • Led as key organizational influencer accountable for strategic and tactical direction of the company including thematic plan, business continuity planning, and allocable reinvestment• Developed joint venture framework related to deal structures, due diligence activities, and valuation analyses for (potential) new ventures• Improved consolidated year-over-year gross and operating margins from 44.0% and -9.5% to 60.7% and 8.3%, respectively, via client and employee restructurings and divestitures, key performance tracking, and process improvement implementations• Established performance-based compensation models for ~40% of company employees with defined goals to improve employee productivity, ownership, and company alignment• Hired, administered, and/or mentored six staff ranging from “Controller” to “Accountant”• Implemented technology-enhanced workflow solutions (e.g. electronic payment processing, automated financial document importing and storage) improving financial and administrative scalability while simultaneously reducing personnel costs over 25%

• Communicated with outside assurance, advisory, and tax professionals as lead contact managing company and shareholder tax-related matters, financial statement issuance, etc.• Constructed and managed the monthly close processes for the parent organization, wholly owned subsidiaries, and several equity-method affiliates

Indianapolis, In, Us

Corporate finance leader for publicly-traded manufacturer of mills and lathes. • Directed consolidation and preparation of company’s financial statements, related quarterly SEC reporting, and review of supporting disclosure schedules: 20+ international subsidiaries• Developed judgmental estimates related to inventory transfer pricing and related intercompany transactions; revolutionized various estimates resulting in increased accuracy and $300,000 additional recognizable income during an earnings recession• Refined $250M company plan and related quarterly forecasts to support increased accuracy and superior alignment with executive management’s strategic vision• Continuously assessed and conveyed currency hedging policies and procedures and oversaw forecasted hedge requirements, holdings, obligations, and related hedge accounting including placement of fair value and cash flow (ASC 815) hedges

Indianapolis, In, Us

• Identified and remedied GAAP-related (control) deficiencies among various subsidiaries related to overhead absorption, provision for warranty claims, various disclosure requirements, and purchase accounting• Conducted liaison activities for implementation of COSO’s Internal Control - Integrated Framework at various subsidiaries including LCM, srl, an Italian-based component manufacturer and Hurco Europe Ltd., a UK-based distributor

Us

• Led as trusted advisor responsible for preparation of financial statements, oversight of engagement staff, and communication with client governance; supervised audit engagements from planning and risk assessment through report issuance• Managed realization and engagement profitability through management and training of staff, ensuring client timeliness, and streamlining of procedures

Us

• Participated in the execution the company’s strategic growth plan by delivering an estimated $100,000 of recurring annual revenues through the acquisition of new customers via networking and relationship development• Performed various non-assurance consulting projects; developed business impact analysis for a Fortune 100 Company to affirm upper management’s strategic direction