David Pan Email & Phone Number

Orangeburg, Ny, Us

Woodcliff Lake, New Jersey, Us

• Manage monthly closing, quarterly forecasts, and annual operation budget plans including capacity loading, direct labor & RM requirements, staffing & expenses, capex, etc. • Organize mfg operational teams to develop the 5-year strategic operation financial plans.• Lead all aspects of costing process – reviewing BOMs/routings/scrap rates, calculating DL & OH rates, and developing product standard costs.• Partner with operational teams to drive process improvements and deliver multimillion dollars annual savings in direct labor, raw materials, purchasing, and operations.• Analyze the inventory levels with production & RM requirements, assess slow moving & obsolete inventory, and calculate the inventory reserve amount to fully cover the risk.• Create online dashboard to track operation’s Key Performance Indicators for FG/RM inventory levels, production absorption, and daily line production outputs.• Establish policies & processes of inventory reserve, cycle count, and physical inventory with significant achievements.• Ensure compliance with all internal policy requirements, maintain effective controls in areas of responsibility, and support external audits (PWC) related to controls activities and document requests.• Manage annual capital planning process, long term capital requirements for capacity & plant expansions, and evaluate capital projects with NPV financial analysis to justify the proposed investments,• Provide Procurement teams with the vendor spending analysis, and 3PM buy or make strategic plans. • Review indirect spending with operation teams and organize vendor cost saving initiative meetings.• Conduct the analysis of root causes of rejected FG/RM materials and organize the review meeting to address the issues and seek improvements.• Support contracting manufacturing price bidding process for getting new business opportunities.• Partner with IT teams to enhance the data governance, annual budget process, and new item creations in BPCS.

Schenectady, New York, Us

• Created valuable inventory tracking tools to global supply chain VP & regional teams for strategic decision making and managing of $480M inventory.• Identified opportunities for corrective actions to reduce $80M global inventory.• Analyzed & presented global FG production capacity utilization covering over 60 manufacturing sites.• Managed & improved global product costing process, and set global standard costs (over 20k SKUs)• Organized global meetings to discuss all issues, provide guidelines and directions for regional teams.• Managed regional mfg finance teams to improve standard costing accuracy.• Analyzed global product cost changes and presented to senior management for decision making.• Built a financial model to track global FG, Semi, RM, GIT inventory balance.• Provided high quality inventory analysis reports with daily changes of Production, Purchase, and Sales.• Supported global supply chain VP & team for strategic decision making and reduce inventory balances.• Managed global FIFO analysis and established global controllership policies.• Established Lower Of Cost analysis model for regional team and policy for reserve control.• Provided profit margin analysis support to global marketing & product management teams.• Organized and executed quarterly margin of materials costing process to facilitate profitability analysis.• Led finance master data governance, provided controllership, and initiated data rationalization project.• Proactively challenged the status quo for initiating and driving changes and improvements.• Worked with external auditors and provided information required for timely audit completion.

New York, New York, Us

• Developed scorecard dashboard reports and presentations for senior management.• Supported vendor management, risk assessment, and preferred supplier selection. • Managed PO creation, invoice payment, accrual, month-end close, and forecasts. • Developed annual budget & operating plan, and consolidated budgets from all global markets.• Established financial models to analyze supplier spend data and provided reports for sourcing managers achieving cost savings, and senior leadership for strategic decision making.• Managed the processes of supplier diversity spend analysis and reporting.• Managed the process of developing, testing, and implementing web-based application for Global Supplier Quality tracking and analyzing of global suppliers.• Established a financial model to analyze supplier bidding prices to help sourcing manager to negotiate better deals.• Led and managed WWP global cost saving tracking, analyzing, and reporting process. • Provided Ariba trainings to global colleagues.

New York, New York, Us

• Managed period close activies of journal entries, accruals, account reconciliations, variance analysis, and financial reports and presentations.• Managed the forecast process, tracked the actuals, and provided spend availability guideline to achieve budget goals.• Managed zero based budget process to develop annual budget and operation plan.• Led a cross-functional team to improve materials, WIP, and FGs movement resulting dramatic inventory reduction.• Managed distressed inventory and analyzed of root cause for operation process improvement.• Supported internal audit processes, analyzed the gap, and improved controls and compliances.• Supported IT system implementation, managed forecast & budget system, and improved system interfaces.• Developed standard product costs, estimates for new products for launches.• Analyzed monthly operational efficiencies and material usages for improving cost effectiveness.

St. Louis, Missouri, Us

Mba, Finance

Ms, Plant & Soil Sciences

Bs, Agrinomy