Michael Gerstein Email & Phone Number

Global, GB

• Strengthened the operations/finance function by improving the annual budget, forecasting and variance analysis process for multiple operational areas including food services, document processing, proofreading.
• Identified and recovered over $100,000 from utility company resulting from billing issues. Coordinated installation of smart meters eliminating billing issues.
• Proactively worked with marketing on rebranding initiative of stationery and supplies for 15 global offices. Minimized expenditures by identifying supplies no longer required, items to be sourced locally and those to.

Global, GB

• Developed analysis of monthly repairs/maintenance expenditures to support Facilities Manager, identifying recurring maintenance expenses versus one-off repairs.
• Improved the quality and effectiveness of budgets, forecasts, and ad-hoc analysis. Focused on improving financial performance, developed monthly financial reports highlighting significant expenditures and impact on.

Global, GB

• Implemented zero based budgeting related to departmental travel and discretionary spending.
• Cross functional team member on various initiatives including providing financial oversight and analysis related to outsourcing over 100 FTE support services staff resulting in annualized savings of $1.5 million, 15%.

Purchase, NY, US

• Partnered with business unit finance teams and accounting to provide high level performance analysis, and reduce reporting time.
• Developed salary and headcount model that provided detailed analysis by cost center, previously unavailable, while improving timeliness for divisional reporting.

New York, NY, US

• Streamlined Music Club forecasting processes resulting in improved accuracy and reduced turnaround time.
• Developed and presented monthly financial review materials to senior management.

New York, NY, US

• Developed distinct VHS and DVD operations forecast models resulting in transparency of financial management issues in each sector.
• Partnered with sales, marketing, and operations areas, improving Video Club annual budget process.

Southampton, England, GB

• Developed and coordinated annual budget and forecast process.
• Consulted with procurement and food/beverage management, implemented process changes resulting in savings of $1 million.

Southampton, England, GB

• Optimized on-board financial reporting package resulting in focus on key performance indicators.
• Analyzed concessionaire contracts with respect to cost containment and revenue maximization. Negotiations with one vendor resulted in 25% annual savings.

Southampton, England, GB

• Managed annual business planning process for a 4-vessel business unit with a $70 million operating budget.
• Instituted monthly inventory turnover analysis, resulting in reduced inventory levels.
• Implemented on-board meetings with senior officers establishing effective communication between ship and shore teams, resulting in enhanced collaboration developing annual budgets, forecasts, and insightful variance.

New York, NY, US

• Prepared $14 million annual operating budget for Engineering and Development operation.
• Responsible for capital expenditure analysis, lease vs. Purchase studies, and labor utilization studies.

Master Of Business Administration - Mba, Finance, General

Bachelor'S Degree, Economics