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Contacts: lorenzo@dffp.net | +1 347 203 4420.Finance Leader with strong business acumen.Proven experience as Plant Controller, FP&A Manager, controller, CFO, in the US and Europe, in multinational manufacturing companies with complex technological and managerial processes. Team player / trusted business partner, customer focused, utilizes extensive knowledge to achieve corporate objectives. Key areas of expertise: process improvement | cost reduction | plant controlling | financial modeling | strategic planning | budgets and forecasts | variance analysis | design of accounting systems | project cost accounting | project management | IFRS reporting | financing programs | contracts review | M&A | Purchasing | Inventory optimization | Make vs Buy. Skills: English, Italian, French, Spanish. SAP expert user, Microsoft Office, Quickbooks. IFRSSome accomplishments:• Led the turnaround of a manufacturing plant, going from an annual loss of $2M+ to a profit of $1M• Established the Major Projects Departments in Schindler USA. Defined the role of Project Manager, created financial and accounting tools and procedures. Schindler is now market leader in Major Projects, with contracts such as the WTC Towers in NYC.• Designed and implemented a financing program for Modernization customers. This resulted in improved sales, EBITA and cash flow, and reduced bad debt risk, and it has become a Best Demonstrated Practice within the Group.• Created a tool that allowed Operations Managers to predict their monthly results.This allowed them to better understand the financial structure of the business and encouraged them to manage their office proactively. The tool was widely seen as a key support in improving the Region result, and is still in use today.
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Finance ManagerTei GroupGreenwich, Ct, Us -
Director Of Fp&AAmerican Elevator Group Jan 2024 - PresentNew York, UsHandling FP&A for several Business Units:• Merger of 3 BU’s;• Implementation of Financial Shared Services:• Implementation of new ERP system; -
Finance ManagerAmerican Elevator Group Aug 2022 - Jan 2024New York, UsLeading the finance function (8 direct reports) of one of the Business Units.• Substantial overhaul of the financial statements;• Process improvement on billing, collections, AP, sales tax mgmt. -
ControllerTei Group Aug 2020 - Aug 2022Long Island City, Ny, Us -
PrincipalDe Ferrari Finance Projects Jun 2013 - Aug 2020Set up of accounting and reporting systems.Design and implementation of new management processes and control tools.Temporary management. Expertise in elevators, manufacturing, multinational environments.Main assignments:CFO at Keystone Iron & Wire Works o 33% ownership in a Company making metal parts for the elevator industry;o supervising all financial, IT, tax and payroll activities; CFO at Group Intermonde SAo a start-up project for a series of joint-ventures to be created in Haiti in environmentally related business CFO and turnaround leader at EPCO (Wayne, NJ) o Development of a business model to identify the Company strategy (sell vs merge vs keep independent) ;o Implementation of a business plan that moved the Company in 3 years from an EBIT of -$2.4MM to +$1MM;o CFO responsibility throughout the process, plus Material Management and General Management responsibility when needed;Streamlining the Finance function at the Hanover (PA) manufacturing plant (Schindler Elevator Corp.)o Restoration of Finance fundamentals and processes (Balance Sheet clearing; KPIs; Investment approval and monitoring; Inventory optimization); o overseeing major investment plans (expansion of the factory, integration of logistic hubs)
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Manager, Financial Planning & Analysis, Major ProjectsSchindler Elevator Corporation (U.S.) Jun 2012 - Mar 2013Morristown, Nj, UsMember of the Team that established the Major Projects Department, to manage projects with a price above $1M. (defined the role of Project Manager – created financial tools for estimating, cost collection, forecasting, change order management – defined and promoted benchmarks for performance improvement and risk mitigation – created incentive plan for Project Managers).Also worked directly on the big projects in NYC: responsible for invoicing and customer interface on all administration issues. -
Manager, Financial Planning & Analysis, New Installation, Modernization, ExportSchindler Elevator Corporation (U.S.) Aug 2011 - Jun 2012Morristown, Nj, Us• Performed standard financial activities for the product lines (monthly reports, budgets, cost variance analysis)• Managed the program providing customers with financing options to support their Modernization plans• Developed programs to understand and mitigate negative cost variances• Coordinated the activity of two financial analysts -
Controller, Accounting & ReportingSchindler Elevator Corporation (U.S.) Oct 2010 - Aug 2011Morristown, Nj, UsLeading a team of 7 people. Reporting to the CFO.In charge of accounting, reporting, financial analysis, year end closing (under IFRS principles), relations with auditors, capital investment management, for Schindler and its US subsidiaries. • re-organized and re-staffed the office (hired 2 people to replace 4 who had left just before my appointment);• Handled the 2010 year end closing, with full approval by Ernst & Young auditors;• Supported the company re-organization with a full re-engineering of the cost center structure (closing >300 cost centers; creating 15 new; re-organizing the cost center hierarchy). -
Manager, Financial Planning And Analysis, New Installation Custom And ModernizationSchindler Elevator Corporation (U.S.) Jul 2007 - Sep 2010Morristown, Nj, UsReporting to the CFO, dotted line to the Product Line VPs.Focus of the position was to analyse the performance of the product lines, identifying strengths andweaknesses and promoting process improvements throughout the organization.By leveraging on my background of Region Manager, I was also active in improving thecommunication flow between Regions and Headquarters. -
Region Finance ManagerSchindler Elevator Corporation (U.S.) Nov 2004 - Jul 2007Morristown, Nj, UsReporting to the Region CFO, dotted line to the Region Vice President. Supported Region Operations ($100M turnover) in improving the business results by increasing financial awareness throughout the organisation and by promoting process improvement.• Implemented new tool for Job progress measurement and calculation of cost gaps (actual vs estimate), leading to a better understanding of root causes and to efficiency improvements (reduction of cost gaps from $5M/year to break-even).• created a forecasting tool that allowed managers to foresee their monthly results, while providing them a better understanding of the financial structure of the business;• Invoicing: managed contract negotiation and job progress to maximize cash flows.• Raised the Region from a Net Loss to a profitable position and to achieve budget goals.
Lorenzo De Ferrari Skills
Lorenzo De Ferrari Education Details
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Università BocconiEconomics (Equivalent To The Field Of Study Lm-56 - Economics -
ImdManagement -
Ist. Leone XiiiScientific Lyceum
Frequently Asked Questions about Lorenzo De Ferrari
What company does Lorenzo De Ferrari work for?
Lorenzo De Ferrari works for Tei Group
What is Lorenzo De Ferrari's role at the current company?
Lorenzo De Ferrari's current role is Finance Manager.
What is Lorenzo De Ferrari's email address?
Lorenzo De Ferrari's email address is lo****@****ler.com
What is Lorenzo De Ferrari's direct phone number?
Lorenzo De Ferrari's direct phone number is +134720*****
What schools did Lorenzo De Ferrari attend?
Lorenzo De Ferrari attended Università Bocconi, Imd, Ist. Leone Xiii.
What are some of Lorenzo De Ferrari's interests?
Lorenzo De Ferrari has interest in Environment, Arts And Culture, Education, Economic Empowerment.
What skills is Lorenzo De Ferrari known for?
Lorenzo De Ferrari has skills like Forecasting, Budgets, Financial Analysis, Sap, Analysis, Process Improvement, Management, Finance, Financial Reporting, Project Management, Accounting, Strategic Planning.
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