Director Of Finance
Shenandoah, Pa, Us
Reported to the President of the leading food manufacturer/marketer in its category with sales approaching $100MM. Supervised Accounting, IT and Supply Chain. Member of executive management and strategic team. Responsible for financial reporting, budgeting, forecasting, cost accounting, treasury, working capital management, purchasing, incentives, risk management. On point liaison with accountants, lawyers, insurance/risk management & other consultants. Officer status for dealings with corporate bankers. Executive sponsor responsible for choosing SAP.Accomplishments:•Executed a $500,000 SAP R/3 implementation providing lot traceability on time on budget with minimal business disruption.•Created SKU P&L and Customer P&L to review profitability across products, customers and markets. Provided insight into marketing and customer programs, BOM's & routings. These tools facilitated actions to reduce costs and achieve double digit improvement in revenue and margins. •Rolled up P&L's by business segment to give clear sight of the results of segment initiatives and to support appropriate budget allocations. •Ensured timely, accurate financial & management reports - monthly close on business day 2. External audit completed 30 days after YE.•Championed a brand new HR performance management process allied to the company's culture, talent brand, onboard & talent development.•Implemented weighted average cost of capital discounted cash flow models to quantitatively compare, justify and rank projects according to criteria relevant to the decisions.•Trained and assisted team to understand and apply business case principles & decision models to motivate sound investment choices.•Used balanced scorecard as measurement tool to complement strategy plans, forecasts, and to understand levels of achievement. •Conducted M&A analysis, due diligence and recommendations. Led a successful negotiation to eliminate an unsuccessful subsidiary.