Dick Mcdermott Email & Phone Number

Responsible for Costing, Inventory, Budgeting, Forecasting, and Capital functions.• Standardized costing methodology for all locations, recommending and implementing improvements to current methods.• Established operational scorecard focusing on key financial and operational metrics for all manufacturing locations.• Developed global inventory optimization program resulting in inventory reduction of $5.0MM in 1st year.• Developed global margin analysis covering cost, price, volume and mix variances by region. • Established financial review process for Capital Expenditures including post audits.

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Financial Compliance (2005 - 2007)Coordinated compliance to Sarbanes-Oxley requirements as Project Leader for Consumer Products division, encompassing US and International sites in scope.Led the consumer products management team through the annual audit process for two years without a significant deficiency being recognized by external auditors.Established in-house methodology for documenting, testing and remediating all processes and controls, saving considerable amounts in audit fees.Completed Control Catalog for Consumer Products division while revamping and simplifying test plan in year two.Reviewed SOX audit on an annual basis with CEO and Senior Vice Presidents during certification process.Organized and conducted semi-annual financial reviews of all financial operations at non-headquarters locations. Initially uncovered control deficiencies in Mexico leading to complete reorganization of the sites' accounting staff and processes.Planned and oversaw closure of the Dallas accounting office.

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Managed staff of 13, handling monthly closings, reconciliations and reporting for Consumer Products division, including A/P and Fixed Assets.Reduced closing from six to five days.Eliminated three days from production of the monthly Measurements Book summarizing the monthly financials for management.Developed the department into a more cohesive and efficient unit through strong leadership and interpersonal skills better aligning the group with the organizations goals.

Managed staff of 18 (4 direct reports) responsible for Costing, Budgeting, Forecasting, Inventory Accounting and Capital Approval Request functions for three domestic and five international locations. • Improved the consistency of monthly global operations reporting, concentrating on improved metrics, quality of analysis and commentary.• Led monthly Ops Review meetings with senior management covering both domestic and international sites.• Redesigned monthly Operational Summary, eliminating four days from the process including Executive Summary focusing on key drivers and issues at a macro level. • Revised and improved the monthly forecasts globally by driving higher quality analysis and commentary. Summarized and explained key changes for management.• Participated in Budget Redesign team improving the budget process and timing. Coordinated and reviewed fixed and variable cost center budgets from all locations. • Led Profit Enhancement Program identifying, tracking and validating $15-20 million in annual savings.• Provided accounting support as a member of the North America Capacity Expansion team in order to centralize US manufacturing in a new $90 million facility while assisting in the closing of three other facilities. Established accounting department in new facility.• Participated in S&OP team helping to reduce inventory days on hand from 84 to 65.• Recognized as an Outstanding Growth Developmental Leader (top 10%) by company six of seven years. .

A $1.5 billion global manufacturer of beauty care products.

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Supervised five member staff, responsible for cost systems, variance analysis and budgeting of all variable costs for the Chicago Bakery.Reorganized the department into an integral part of the organization providing vital cost information to manufacturing on a daily basis. This became the model for other Nabisco bakeries.Initiated monthly presentations to management detailing bakery performance utilizing graphs, charts etc. to explain variances and highlight risks and opportunities.

World's largest bakery with an annual budget exceeding $1 billion.; Managed staff of seven, responsible for monthly closings, annual budgeting, fixed cost analysis and accounts payable.Directed fixed cost task force resulting in cost savings of $400,000.Reorganized the department to better serve the needs of the various departments as well as Nabisco's headquarters.

Managed five member accounting staff, responsible for standards, variance analysis, cost/profitability analysis, monthly closings and inventory control. Established Inventory Control department supervising staff of six. Eliminated quarterly inventories saving $100,000 per quarter in non-value added costs and reduced inventory losses $1.0 million annually.

A $300 million privately held candy manufacturer headquartered in Chicago, with six manufacturing locations nation wide.

Supervised a three member staff responsible for bill of materials, cost analysis and monthly closings.

Responsible for monthly closing duties, maintaining standards and cost analysis.

Ba, Accounting

Bachelor Of Arts Degree, Accounting

Education record