Michael Bonchick - Mba Email & Phone Number

United States

Provides operational and financial strategy, business transformation, internal controls and business process efficiencies to companies of all sizes. • Provided financial assistance and direction in raising both Series A and Series B funding rounds.• For $300M PE Portfolio Consumer Goods Company, reengineered “Procure to Pay” and “Order to Cash” processes, improving cash flow predictability and DSO by more than 6 days.• For $200M division of $2B publicly traded company, restructured global distribution network, resulting in 25% cost reduction. • For $3M PE Portfolio Manufacturing Company, completed overhaul of ERP system, instituted metrics for cost reduction, margin improvement and SOX reporting, capital investment analysis and assessment of management team.

Hampton, Virginia, Us

Provided strategic leadership and establish the company's overall financial and contractual environment, including pricing; and will ensure all proper controls and systems are in place-including sufficient capital and financial information-for the company to operate soundly and compliantly.Created detailed financial model used with investors for $20M Series A funding.Established inventory and procurement controls for high value parts.

Denver, Colorado, Us

Chief Financial Officer for vertically integrated cannabis company.Supported Series B funding by maintaining data room and performing ad hoc analysis.Improved accounts receivable collections by 35% by instilling a disciplined approach and target setting with account managers.Maintained 13 week cash flow focusing on prevention of cash leakages and margin improvements.

As a member of the senior management team manage high-level financial affairs and direct all facets of the Company’s business operations. Supervise financial staff throughout the organizations, including Company accountants, bookkeepers, data entry and systems support personnel.

Woburn, Ma, Us

Kongsberg, Buskerud, No

Senior Finance Executive of 2nd most profitable business unit of a €1B publicly traded company. Full P&L, forecasting, and audit responsibility.• Directly responsible for all financial activity for manufacturing facilities in the United States (US), UK, Mexico, Spain, Poland, China, Brazil and India• Turned around new Mexican plant from losing $350K per month to earning $150K per month • Reduced overdue receivables in the US from over $1.8M to less than $175K

Newington, Nh, Us

Senior Financial Leader for premier and rapidly expanding manufacturing company • Partner with the Senior VP Operations, Director of Supply Chain, and VP of Sales in formulating cohesive integrated forecasting package• Document and institute policies and procedures creating a “Sarbanes-like” environment where little controls existed previously• Analyze Bill of Materials and remove cost both at a product line level and at company operations level and make recommendations to CEO in support of bid support and profitability objectives• Improve A/P policies and procedures improving both supplier satisfaction and cash flow predictability

Successful business partner and controller for autonomous $100M+ division of a $900M advanced electronics company. Full P&L ownership and controls responsibility for Connecticut operations and contract manufacturing sites in the States, China and Thailand.

East Hartford, Ct, Us

Financial oversight for multiple international manufacturing facilities including planning, forecasting, closing, and controlsController for global strategic sourcing organization responsible for moving significant product spending to low cost locationsDirectly responsible for all activities of group including establishing viable business cases, managing operating budgets, tracking performance metrics, negotiation with suppliers, and establishing foreign offices as requiredImproved approval cycle of complex business cases from 6+ months to less than 45 daysChief Financial Officer of wholly owned subsidiary in based Bangalore, India. Established enterprise including creation of controls environment, issuance of stock, banking relationships, tax and audit authorities.

Charlotte, North Carolina, Us

Performed analysis of all Hamilton’s existing international in-house manufacturing cost structures Vs. new facilities or outsourcing, modeling financial merits of each & recommend a strategy to the President.Engineered an operational strategy that will remove $280M+ from Hamilton’s cost structure by 2009 by balancing production amongst Hamilton’s 84 manufacturing locations.Managed the financial analysis of and created the operational integration plans for recent acquisitionsSpearheaded study reviewing company’s R&D claiming practices for tax purposes for years 2000 - 2006 resulting in supplemental tax filing for over $50M in incremental tax benefits, for both Federal and State Received highest level recognition and acknowledgement for success in leading projectAssisted in the planning of outsourcing over 1,200 engineering FTE’s to low cost locations, reducing R&D spending by $70M on a recurring basis while reducing the overall number of suppliers

Us

Conducted an in depth study of overhead spending resulting in a deeper understanding of differences between operating companies and recommended courses of action to improve performance.Established a monthly forward-looking indicator scorecard that examines key financial metrics to highlight issues before they become problematic for use by CEO and CFO.Benchmarked average branch office size in Otis’ 12 largest international companies and developing insights into P&L accountability, financial capability and incentive systems to determine if there is an optimal branch size.Reviewed all Capital, Lease and Real Estate investments requiring world headquarters approval, briefing the senior executive team and recommending their approval on each transaction.Conducted ad hoc analysis as requested by the CEO, CFO and Director of Financial Planning and Analysis on global financial issues affecting the company.

Round Rock, Texas, Us

Managed all aspects of P&L for the fastest growing sales segment within the corporate market space.Created weekly and monthly reporting packages facilitating rapid identification of trouble areas.Presented weekly achievement of results to segment director and vice president of finance.Established and measured achievement of quota for over 100 sale representatives.Investigated and directed the analysis for re-engineering the notebook supply chain, resulting in a net saving opportunity of over $120M per year after taxes. Packaged the results of the analysis for presentation to the Office of the Chairman.Devised and implemented a cross functional/closed loop cost management and margin improvement process for suppliers to facilitate more accurate pricing, resulting in better product margins. Negotiated significant cost reductions directly with key supplier executive management team to lower Dell’s acquisition cost on the Inspiron and Latitude product line.

Armonk, New York, Ny, Us

Finance Manager Expense and LogisticsProgram Manager, Finance - Channel FulfillmentSenior Pricing Analyst - ThinkPad Product LineWorldwide Capital and Resource CoordinatorFinancial Measurements and Outlook CoordinatorFinancial Analyst

Mba, Concentration In Strategy And International Business

Bs, Finance (Minor In Government)

Organizational Leadership