Adam Benoit

Adam Benoit Email and Phone Number

CFO | VP | Director | CPA | Strategic Multinational Finance & Operations Executive | Private Equity @ RIB Building Automation - Functional Devices, Inc.
Adam Benoit's Location
Westfield, Indiana, United States, United States
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Adam Benoit personal email

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About Adam Benoit

High-energy, driven finance leader with a demonstrated track record of (re)building organizations and teams, developing and implementing key processes and improvements, and identifying and executing distinctive solutions to create shareholder value.Successes include constructing innovative solutions to enhance net margins while concurrently reducing working capital, forming team infrastructure(s), and implementing technological solutions to scale organizations for growth. I'm known as an agile, strategic leader with a diverse set of experiences including venture, private equity, and publicly-traded (lower) middle-market corporations in varying industries ranging from marketing, data, and software to manufacturing, construction, and distribution.• Led finance and administrative functions for a private equity owned building materials manufacturer, distributor, and installer; presented nomination for Indiana Business Journal CFO of the Year Award• Restructured distressed company via key strategic divestitures and acquisitions resulting in improved gross and operating margins of 1,670 and 1,780 basis points, respectively• Refined corporate intercompany plan for $250M multinational corporation improving forward guidance accuracy and enhancing variance reportingAreas of Expertise: - Executive Leadership- Certified Public Accountant (CPA) (inactive)- Consulting (Fortune 500)- BOD Reporting (PE & VC audiences)- Business Turnarounds and Restructurings- Business Analysis- Cash Flow Forecasting / Bank Relations- Compensation Plans- ERP Implementations- Cost Structure / Management- Financial Planning & Analysis- Foreign Currency and Hedging- Global Consolidations- Mergers & Acquisitions- Process Improvement & Automation- ROI / Investment Analysis- SEC Reporting- SOX Compliance / Internal Controls- Strategic Planning- Tax Compliance- Team Development- Training / Presentations

Adam Benoit's Current Company Details
RIB Building Automation - Functional Devices, Inc.

Rib Building Automation - Functional Devices, Inc.

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CFO | VP | Director | CPA | Strategic Multinational Finance & Operations Executive | Private Equity
Adam Benoit Work Experience Details
  • Rib Building Automation - Functional Devices, Inc.
    Chief Financial Officer
    Rib Building Automation - Functional Devices, Inc. Dec 2023 - Present
    Sharpsville, In, Us
  • Rib Building Automation - Functional Devices, Inc.
    Vice President Finance
    Rib Building Automation - Functional Devices, Inc. Nov 2020 - Dec 2023
    Sharpsville, In, Us
    ERP ImplementationPricing Strategy and ExecutionFinancial ReportingBudget and ForecastsAdvisory and Data AnalyticsIT and Finance Team Management
  • Dealers Wholesale
    Director Of Finance
    Dealers Wholesale Sep 2018 - Nov 2020
    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
  • Sells Group
    Chief Financial Officer
    Sells Group Jul 2017 - Sep 2018
    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%
  • Sells Group
    Director Of Accounting
    Sells Group Feb 2017 - Jul 2017
    • 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
  • Hurco Companies, Inc.
    Corporate Accounting Manager
    Hurco Companies, Inc. Nov 2014 - Feb 2017
    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
  • Hurco Companies, Inc.
    Internal Auditor
    Hurco Companies, Inc. May 2014 - Nov 2014
    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
  • Cliftonlarsonallen
    Senior Assurance Associate
    Cliftonlarsonallen Nov 2013 - May 2014
    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
  • Cliftonlarsonallen
    Assurance Associate
    Cliftonlarsonallen Jun 2011 - Nov 2013
    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

Adam Benoit Skills

Financial Analysis Leadership Financial Reporting Auditing Finance Financial Accounting Microsoft Excel Financial Statements Gaap Microsoft Office Accounting Cash Flow Forecasting Budgeting Powerpoint Program Implementation Microsoft Dynamics Ax Fx Hedging Consolidated Reporting Sec Financial Reporting Microsoft Atlas

Adam Benoit Education Details

  • Indiana University Bloomington
    Indiana University Bloomington
    Accounting

Frequently Asked Questions about Adam Benoit

What company does Adam Benoit work for?

Adam Benoit works for Rib Building Automation - Functional Devices, Inc.

What is Adam Benoit's role at the current company?

Adam Benoit's current role is CFO | VP | Director | CPA | Strategic Multinational Finance & Operations Executive | Private Equity.

What is Adam Benoit's email address?

Adam Benoit's email address is be****@****rco.com

What is Adam Benoit's direct phone number?

Adam Benoit's direct phone number is +131789*****

What schools did Adam Benoit attend?

Adam Benoit attended Indiana University Bloomington.

What are some of Adam Benoit's interests?

Adam Benoit has interest in Football, Collecting Antiques, Exercise, Monetary And Fiscal Policies, Home Improvement, Collecting Art, Donor, Reading, Gourmet Cooking, Sports.

What skills is Adam Benoit known for?

Adam Benoit has skills like Financial Analysis, Leadership, Financial Reporting, Auditing, Finance, Financial Accounting, Microsoft Excel, Financial Statements, Gaap, Microsoft Office, Accounting, Cash Flow Forecasting.

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