Michael Sheetz Email & Phone Number

Fayetteville, Georgia, United States

Responsible for worldwide treasury functions including cash forecasting, daily cash management, bank account administration, and debt management and related compliance reporting.• Enhanced weekly cash forecast to include entity-level basis and variance reporting.• Led outsourced cash collections team to 34 percentage point improvement in accounts receivable more than 30 days past due pulling more than $8 million of cash into the North American segment of the business in less than one year.• Built model to calculate various defined terms in corporate credit agreement to track and project available capacity for specified transactions, future covenant compliance, and possible repayment obligations.• Implemented interest rate swap contracts to eliminate floating-rate expense on 47% of debt heading into rising interest rate environment; projected cash savings of almost $20 million over five-year term of agreements.

Atlanta, Ga

Led the North American treasury team; responsible for preparing monthly bank account reconciliations, daily cash management activities and weekly cash forecasting.• Developed monthly process for completing bank account reconciliations to fulfill reporting requirements of Group finance and address clean-up efforts for reconciling items existing from prior years on several bank accounts to improve annual external audit results.• Standardized signatories and closed unnecessary bank accounts gaining efficiencies and reducing monthly fees.• Introduced summary to effectively communicate changes in weekly cash forecast submission and quarter-end cash balance expectations to Group treasury.

Atlanta, Ga

Initially tasked with creating model to determine compliance with debt covenants and assist treasury team on workflow enhancements; following acquisition, transitioned focus to building disciplined cash reporting and forecasting.• Built model, completed initial covenant compliance analysis and reporting, and produced process and procedures documentation in less than 60 days engaging worldwide financial and accounting staff.• Introduced 13-week cash flow forecast process, including variance reporting, throughout all geographic regions; implemented key performance indicators to develop accountability and improve accuracy.• Negotiated $92.5 million and $25.0 million increases to revolving credit and surety bond facilities, respectively.• Member of management team that supported private-equity owners with sale process resulting in acquisition agreement valued at $3.25 billion.

Peachtree City, Ga

Following private equity acquisition was requested to re-join treasury team to drive improved performance during challenging period. Responsible for day-to-day cash management activities, forecasting and variance analysis, debt compliance reporting and oversight of government-provided insurance programs.• Improved visibility into liquidity position for executive leadership on a consistent basis by re-implementing use of daily and weekly cash reporting, forecasting and variance analysis model.• Stream-lined bank account structure and utilized excess cash balances to offset $10 thousand of fees per month.• Developed model to calculate complex excess cash flow covenant including forecasting compliance with terms and conditions based on estimated future financial results.• Managed aviation war-risk insurance policies provided by the federal government.

Peachtree City, Ga

Tapped to lead company's expansion of department and re-focus business on budgeting, planning and financial accountability. Managed annual budget process for P&L and capital expenditures, developed script for quarterly investor calls and led financial analysis for current results and projected activity.• Key contributor on team that evaluated and completed acquisition of privately-held airline with complementary equipment in $35 million, all-cash transaction resulting in broadened spectrum of product offerings.• Customized financial forecast model incorporating balance sheet, income statement, statement of cash flows and supporting schedules to improve accuracy and consistency of data for use by board of directors and management.• Introduced activity-based budgeting and quarterly variance reviews with operations management and executive leadership to drive improved accuracy in predicting future financial results.• Created product line reporting models to analyze revenue and cost by customer, aircraft type and line of business leading to improved cost estimation for prospective client programs.• Improved annual financial review process for largest revenue contract supporting the U.S. military resulting in increased rates four consecutive years.• Integral member of team that completed restructuring of balance sheet through refinancing existing debt with government-backed facility following events of September 11, 2001.• Improved quality of quarterly investor calls through implementation of script and development of presentations to effectively communicate financial results with stakeholders, commercial analysts and potential shareholders.

Peachtree City, Ga

• Responsible for daily cash management, preparing monthly journal entries and bank relationship administration.• Prepared daily, weekly, monthly, quarterly and annual cash flow forecasts and analyzed variances.• Company lead for all non-aviation insurance policies such as automobile, cargo liability and crime including initiating and monitoring claims process when necessary.

Washington, D.C.

• Day-to-day cash management responsibility for U.S.-based operating units.• Prepared weekly, monthly and quarterly cash forecasts.• Managed internal central bank system utilizing multi-currency accounts.• Assisted with working capital and receivables management activities.