Michael Feakes Email & Phone Number

Southfield, Michigan, US

• Budgeting, accounting, reporting, audit footnotes and 5-year strategic planning forecasts for approximately $1B in debt obligations.
• Finance point for coordination of treasury-related debt issues.
• Eliminate non-controlling interest; and intercompany activity for consolidated financial statements preparation.
• Analyze monthly activity; prepare consolidated financial statements and year end forecasts for multiple divisions.
• Annually review Asset Retirement Obligation (ARO) liability; and adjust balance based on estimated future expenses and market factors.
• Perform financial analysis of potential new physician practices to determine viability and overall financial impact to the organization.

• Transitioned manual accounting system to QuickBooks for improved business management while providing financial and operational services.

• Reviewed monthly activity through consolidated financial statement preparation, budget variance analysis and account reconciliations, including supporting schedules and documentation.
• Successfully handled three bank audits resulting in the line of credit increasing by an additional $950,000.
• Prepared the fiscal year budget incorporating the automatic inclusion of actual month end figures and the calculation of the current/projected debt service ratio to remain in compliance with lending institution’s.
• Assumed leadership role during software and hardware implementation by testing the system’s capabilities, establishing the general ledger relationships for every potential transaction and providing additional employee.

Aurora, Ontario, CA

• Directed the month end close process for multiple reporting entities through financial statement preparation, account reconciliations and reporting to the Director of Finance.
• Maintained capital expenditure appropriation documentation and fixed asset records, including monthly depreciation and audit schedules.
• Mapped general ledger to corresponding Hyperion accounts improving the accuracy and timeliness of transmitting financial activity to corporate office in Austria.

• Prepared journal entries for month end close through account reconciliations and financial statement distribution for consolidated reporting entities.
• Negotiated long-term forklift lease agreement contributing overall savings of $40,000; and reduced excessive annual overtime expenditures by $45,000.
• Acquired vital operating funds through borrowing base report preparation until the company’s asset sale.
• Promoted to Controller during business transition while working with financial consultant and bankruptcy attorney concerning pre-acquisition issues impacting ongoing operations.

Cincinnati, Ohio, US

• Determined the amount of revenue recognized every month end closing, prepared the journal entries and reconciled general ledger account balances after posting.
• Created reconciling spreadsheets for interactive projects covering two years of business with DaimlerChrysler.
• Prepared budgeted versus actual variance analysis reports, and undertook distinctive internal/external projects.

• Controlled 15 to 20 million pounds of inventory stored in multiple facilities throughout the United States and Russia.
• Initiated the development and implementation of reporting options improving product tracking and accountability.