Douglas Ferronetti

Douglas Ferronetti Email and Phone Number

Finance Manager at C&M Precision Tech @ C&M Precision Tech
Douglas Ferronetti's Location
Dracut, Massachusetts, United States, United States
Douglas Ferronetti's Contact Details

Douglas Ferronetti personal email

n/a
About Douglas Ferronetti

I am a well-seasoned and highly accomplished professional with a sizeable tenure. I have spent my experience accumulating knowledge and achieving set goals through delivering my best at every step of the way to provide optimal results. I firmly believe in establishing and maintaining the key partnerships and relationships that prove productive and allow for better performance.I am an established professional with an analytical mindset. I have well over 20 years of experience, along with an extremely successful and proven track record at handling multiple roles and massive projects without any delays. I am highly collaborative, and I can perform exceptionally well in teams as well as by myself. I thrive in fast-paced business environments and cherish a chance to self-manage things through my innate problem-solving skills. I possess verifiable leadership, interpersonal, and communication skills that allow me to put across my side of things with a crisp point to not only peers and colleagues but also the management. I am a remarkably successful mentor to my peers and colleagues, owing to my exceptional people’s skills and have always given them the nudge in the right direction to go the extra mile.I am positively confident in my capability to deliver impeccable results through my dedication and ability to handle multiple roles, functions, and activities deftly under high-pressure environments.Areas of Expertise:• Documentation of Processes • Job/Standard Cost Controls • Project Management • Performance Analysis/Reporting • Corrective Actions & Controls • Budgeting & Forecasting • Year End Closings • Sarbanes-Oxley Act

Douglas Ferronetti's Current Company Details
C&M Precision Tech

C&M Precision Tech

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Finance Manager at C&M Precision Tech
Douglas Ferronetti Work Experience Details
  • C&M Precision Tech
    Finance Manager
    C&M Precision Tech May 2023 - Present
    Hudson, Nh, Us
  • Boyd Corp
    Plant Controller
    Boyd Corp Jul 2020 - May 2023
    Pleasanton, Ca, Us
    With the purchase of Lytron by Boyd Corporation I led the transition of the Finance department to respond to Boyd's requirements. I serve on the site leadership team counselling the General Manager of the site and his team on financial performance, budgeting and forecasting, inventory, and the financial implications of operational decisions. I have partnered with the Supply Chain Manager to execute the first full physical inventory in over 15 yrs. I am driving the financial requirements of the current Oracle Cloud implementation
  • Amri Global
    Fp&A Manager
    Amri Global Mar 2020 - Jul 2020
    I skillfully developed weekly forecast processes and worked closely with Site and Corporate Finance Leadership to develop an annual forecast. I deftly presented financial forecast information at a weekly status meeting with Senior Leadership. I also developed a monthly P&L reporting comparing actual to AOP and a process for understanding P&L variances.
  • Api Technologies Corp.
    Cost Accounting Manager
    Api Technologies Corp. Sep 2016 - Mar 2020
    Fairview, Pa, Us
    I was directly responsible for eight plants within three business units, managing a team of four people. I expertly standardized the monthly inventory close process and reduced the completion of the close by 1½ days to 4 days. I quickly developed internal accounting analyses to assist Operations Management and Division Leadership in the understanding of period results. I also developed inventory variance reporting of monthly changes and variance to the operating plan and am responsible for cost and pricing analysis (CAPA) for government contracts.
  • Corning Life Sciences
    Plant Controller, Bedford And Woburn
    Corning Life Sciences Dec 2015 - Sep 2016
    Corning, New York, Us
    I deftly managed the finance activities of the plant, including period closing and reporting, product costing, inventory valuation, and fixed asset management. I expertly ensured a strong internal control environment, including compliance with GAAP and Corning accounting policies. I served as a consultant/financial expert as part of the plant leadership team and analyzed & made recommendations as required. I also served as a bridge between the division and the Finance function to ensure the cohesive execution of division strategy.
  • Weir Power & Industrial
    Cost Accounting Manager
    Weir Power & Industrial Oct 2013 - Dec 2015
    Glasgow, Scotland, Gb
    I skillfully resolved account reconciliation variances in inventory related accounts, bringing $200k credit to the P&L. I quickly assumed responsibility for the implementation of the cycle count program resulting in a minimal book to physical adjustments from the year-end physical inventory. I deftly developed a review process for excess and obsolete inventory, including engineering, supply chain, manufacturing, and finance inputs. I successfully implemented a formal request and approval process for standard cost changes.
  • Brooks Automation, Inc.
    Finance Manager
    Brooks Automation, Inc. Apr 2006 - Oct 2013
    Chelmsford, Ma, Us
    I quickly provided worldwide excess & obsolescence analysis, including requirement development, operational review, causal analysis and remediation, and internal and external audit review. I smartly developed a model to support the reversal of $1.0m + of excess & obsolescence reserve. I supported Brooks Product Systems (BPS) in annual budget development, monthly results compilation, analysis and forecast update, and ad hoc analysis as required. I was directly responsible for the reporting of Brooks worldwide inventory, including input into 10K and 10Q preparation relating to company inventories.
  • Osram Sylvania
    Sr Financial Analyst
    Osram Sylvania Apr 2002 - Apr 2006
    • Provide financial results to U.S. Corporate Finance and parent OSRAM GMBH, and develop and present financial and operational presentations to executive management.• Established monthly closing procedures for the newly created Photo-Optic division.• Developed an asset management initiative report that increased asset turnover from 2.1 to 3.4.• Interface with the Juarez, Mexico manufacturing facility on financial and operational issues.• Develop and analyze division’s budget and provided profit/loss and balance sheet result analysis.• Introduced daily financial cockpit charts.• Division representative on product financial reporting and chart of accounts conversion team and served as division’s document administrator and SOA delegate on the Sarbanes/Oxley project.• Handled division’ year-end closing including compilation, reporting, and presentation of division financial results to executive management.
  • Osram Sylvania
    Manager Of Financial Analysis
    Osram Sylvania Feb 2000 - May 2002
    • Liaised between US plants and parent company on all factory performance results and budgeting.• Re-established regular reporting relationship with OSRAM GMBH (parent company).• Developed/trained support staff and increased the level of automation of accounting and reporting processes in consolidating and reducing reporting time to parent company by 2 days. • Analyzed and made approval/non-approval recommendations on all capital equipment requests.• Active member on the Equipment Development Organization SAP implementation team.• Coordinated factory capital expenditure, budget analysis, and performance results of OSI manufacturing facilities and reporting of results to parent, OSRAM GMBH.• Documented report preparation procedures and increased level of automation for report generation.• Assumed the controllership responsibilities R&D in managing its $65M cost base, including the supervision of a support staff of four.
  • Osram Sylvania
    Plant Controller
    Osram Sylvania Feb 1994 - Apr 2000
    • Managed General Ledger, Payroll, Accounts Payable, and Cost Accounting functions including support to off-site design groups in the US, Canada, and Mexico, and supervised a staff of six.• Developed, maintained, and enhanced internal control procedures, developed and enhanced cost accounting systems, and provided results analysis, explanation, and reporting.• Managed a $20M overhead cost base and the $15M in material inventory.• Implemented an accounting co-op program that saved $75K/year in headcount salary.• Chaired inventory reduction team in reducing inventory by 30% or $4.5M.• Implemented an inventory cycle count and analysis program that resulted in a $200K savings from the elimination of the annual physical inventory.
  • A.W. Chesterton
    Cost Accounting Manager
    A.W. Chesterton 1992 - 1994
    Gb
    • Implemented a PC-based cost accounting system that replaced a manual system, which later served as a model for the BPCS implementation.• Enhanced a standard cost system for use in a traditional Just-In-Time (JIT) manufacturing environment.• Reduced book to physical inventory adjustments through transaction affect review.• Implemented monthly reporting of a summary of key manufacturing measurements.• Provided gross margin reporting, manufacturing variance analysis, as well as physical, book, and perpetual inventory analysis.• Ensured compliance with financial related ISO 9000 policies/procedures.

Douglas Ferronetti Skills

Cost Accounting Financial Reporting Forecasting Internal Controls Manufacturing Financial Analysis Accounting General Ledger Sarbanes Oxley Act Finance Management Hyperion Enterprise Variance Analysis Budgets Erp Managerial Finance Accounts Payable Analysis Auditing Consolidation Financial Forecasting Sap Revenue Recognition Hyperion Corporate Finance Enterprise Resource Planning Sap Products Budgeting

Douglas Ferronetti Education Details

  • Southern New Hampshire University
    Southern New Hampshire University
    Business Administration
  • Merrimack College
    Merrimack College
    Accounting
  • Haverhill High School
    Haverhill High School
    Colleg Prep

Frequently Asked Questions about Douglas Ferronetti

What company does Douglas Ferronetti work for?

Douglas Ferronetti works for C&m Precision Tech

What is Douglas Ferronetti's role at the current company?

Douglas Ferronetti's current role is Finance Manager at C&M Precision Tech.

What is Douglas Ferronetti's email address?

Douglas Ferronetti's email address is do****@****orp.com

What schools did Douglas Ferronetti attend?

Douglas Ferronetti attended Southern New Hampshire University, Merrimack College, Haverhill High School.

What skills is Douglas Ferronetti known for?

Douglas Ferronetti has skills like Cost Accounting, Financial Reporting, Forecasting, Internal Controls, Manufacturing, Financial Analysis, Accounting, General Ledger, Sarbanes Oxley Act, Finance, Management, Hyperion Enterprise.

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