Michael Blakney Email & Phone Number

Virginia Beach, Virginia, United States

Charlotte, North Carolina, United States

A manufacturer, distributor, and marketer of premium interconnect solutions.Lead all administrative and operational activities for the organization including all financial, human resources, informational technology, and supply chain activities. Drove, managed, and presented all critical financial deliverables including monthly actual reporting and annual budget. Coordinated annual review and tax return preparation with external accounting firm. Oversaw all operational activities with a particular focus on issue resolution and continuous improvement initiatives.• Increased workforce by 26% from 19 to 24 within a one and half year period using various recruiting and hiring practices to support rapidly growing business.• Reduced over 90 days past due accounts receivable by $90K to improve cash flow.• Developed a past due backlog reporting and review process which resulted in a 62% reduction in past due backlog on a six-month period.• Lead the Sage 100 2020 ERP and True Commerce EDI software upgrade projects.

Charlotte, North Carolina

A global manufacturer and distributor of Dental equipment and consumable supplies formerly owned by Danaher and is now part of Envista.Partnered with the operations management for the Kavo NA business unit. Directed all of the manufacturing accounting activities including financial reporting, cost accounting, accounts payable and compliance. Provided financial analysis and modeling to support capital requests and productivity initiatives. Completed the budgeting and forecasting requirements to the operations group.Accomplishments:• Increased inventory accuracy by 75% with the implementation of a cycle count program and root cause analysis with the inventory control team.• Introduced a weekly profitability review meeting to assess financial performance and facilitate profit improvement ideas.• Reduced past due un-matched accounts payable invoice backlog by $25M within a period of three months and developed a weekly monitoring process.• Generated monthly and quarterly inventory reserve calculations for an inventory value of $40M.• Developed standard costs for manufactured and distributed products including the development of material costs, freight, labor and overhead rates and routings.• Facilitated a material cost reduction of 5% year-over-year based upon external purchase dollars.

Hatfield, Pa

Oversaw the monthly forecasting process including variance analysis and identification of trends and issues. Coordinated the preparation of monthly reporting packages for senior management and department heads. Spoke with department heads monthly to review financial performance and discuss the future forecast and updated forecasts accordingly. Provided financial models for business strategies to aid in decision making. Supported the annual budgeting process including the coordination of business inputs, management of timelines and progress updates.Accomplishments:• Designed and implemented a monthly functional spending review process to drive cost control and spending target achievement.• Contributed to a 4% annual revenue growth by providing sales analytics by customer and product.• Improved the daily sales reporting process with the creation and automation of SAP business warehouse reports which resulted in a 3 hour per day savings in preparation time.• Developed a standardized capital spending request template to streamline the review and approval process.• Created a new weekly warranty report to improve the visibility into this $10M expense item.• Increased the profit potential for a $500M business unit by generating segment driven financial statements and providing profit improvement recommendations.• Acted as the Hyperion lead for the NA region and coordinated the implementation of system upgrades and reporting changes.• Lead the production, sales and inventory (PSI) planning process for the North American Imaging business unit.

Goldsboro, North Carolina Area

Global supplier to the Automotive industry with approximately $3.1B in annual revenue.This position guided the financial performance of a multi-site facility with approximately $120M in combined annual revenue. This role enforced the accounting policies and procedures of the organization, created the annual budget and periodic forecast updates, led the month-end close for the facility and managed the internal control system.Accomplishments:• Administered the cost reduction program which generated an annual savings of $3.6M• Reduced administrative costs by $25K per annum with the implementation of 2 cost reduction programs.

Spartanburg, Sc

Global supplier to the automotive industry which was formerly a division of Meritor until purchased by One Equity Partners in 2007 and is now part of Faurecia.This position administered the financial performance of a facility with approximately $120M in annual revenue. This role enforced the accounting policies and procedures of the organization, created the annual budget and periodic forecast updates, led the month-end close for the facility and managed the internal control system.Accomplishments:• Orchestrated the mitigation of an unfavorable external audit opinion based upon 9 findings within a one-year period.• Delivered a finance department restructuring plan which generated an annual savings of $350K.

Taylor, Michigan, United States

Global supplier to the automotive industry formerly known as ArvinMeritor.This position managed the financial performance of a facility with approximately $80M in annual revenue. This role enforced the accounting policies and procedures of the organization, created the annual budget and periodic forecast updates, led the month-end close process and managed the internal control system.Accomplishments:• Participated as the financial lead for the launch of new ERP system in the facility.• Spearheaded the documentation and external audit of internal control system to achieve Sarbanes-Oxley compliance for the facility.