Michael Porembski Email & Phone Number

North Chicago, Illinois, Us

As an Associate Director, my team leads the Finance Planning and Analysis of AEI HUB Services (AAS), Pharmacy Services, and the Integrated Business Planning (IBP) process. We work closely with business leaders to develop financial forecasts, and financial models to support decision making related to business issues, and identify & implement cost savings opportunities to achieve Standard Margin Improvement (SMI) initiatives.• Coordinate the preparation of all financial benchmarking cycles (LRP, PLAN, & LBE) to ensure that they are consistent with overall AEI business and Supply Chain objectives.• Ensure complete, accurate, and timely monthly actual results of financial close and reporting processes.• Create an environment that attracts, retains, and motivates a diverse and highly talented workforce.• Manage and develop team of four financial and supply chain professionals at various levels.

North Chicago, Illinois, Us

As an Associate Director, my team leads the inventory integration for Allergan within AbbVie in addition to forecasting for monthly LBE’s, annual Plan and annual LRP. We provide insights on dozens of brands for leadership and expertise around processes and policies.• Earned in-role promotion from Senior Finance Manager.• Responsible for department continuity, covering for short-staffed periods, navigating COVID restrictions, recruiting talent, while advancing enhancements in inventory reporting and forecasting.• Partnering with Process Improvement Manager on INNOVA, the replacement for IVIS (Inventory Visibility)• Manage team of three financial professionals at various levels.

North Chicago, Illinois, Us

As a Sr. Finance Manager, I was responsible for global consolidation of inventory reporting and my team led forecasting for monthly LBE’s, annual Plan and annual LRP. We drove process improvements and automation.• Earned in-role promotion from Finance Manager.• Project ICON lead in optimizing inventory. Transition to a predictive model of inventory finance. Includes partnership strategic raw material purchases, segmented inventory model and drove inventory to targets.• Functional lead for Allergan data visualization project encompassing landing page design, product hierarchies, and leveraged source data for insights on standards change and brand reporting.• Enabled Open Item Managed accounts in IVIS and assisted on project SMART for margin in Inventory.• Earned You Rock award from global finance, Shine the Light award from operations finance, and AbbVie Excellence Awards for my leadership on multiple projects within Global Inventory Finance.• Managed two Senior Financial Analysts.

North Chicago, Illinois, Us

As a Finance Manager, I am responsible for global consolidation of inventory and reserves reporting, brand analytics for Humira Inventory, and the finance subject matter expert on the IVIS reporting tool. My team leads forecasting for monthly LBE’s, annual Plan and annual LRP. We provide financial leadership and expertise around processes and policies as well as drive automation improvements.• Project ICON lead in optimizing inventory. Transition from a reactive to predictive model of inventory finance. Includes cross-functional partnership with procurement finance on assessing impact of strategic raw material purchases, implement segmented inventory management model and drive inventory to optimized targets.• Enabled Open Item Managed functionality in IVIS, assessed the impact of new product hierarchy and project SMART for margin in Inventory reporting.• Partnered with Deferred Margin Team on Standards Revision Variance calculation and inventory reporting.• Earned Company-wide Finance/Business Technology "You Rock" and "Shine the Light" awards as well as AbbVie Excellence Awards for my leadership on multiple projects within Global Inventory Finance.• Manage two Senior Financial Analysts.

North Chicago, Illinois, Us

As a Senior Analyst, I am responsible for the planning and month end reporting process for our Business Strategy Analytics and Supply Chain Planning Teams. Between the two groups, I built our Cost Center reporting, and leveraged disparate systems to create detailed supplemental reports on all 90+ employees. Both teams finished 2017 favorable to Plan and Update benchmarks.• Led cross functional team with Global Procurement to validate Freight and Distribution spend, and develop a QlikSense dashboard solution for reporting spend analytics to the Integrated Planning & Logistics Team.• Partnered with VLOG and IT to review, document, and improve the freight automation initiative to more closely align our SAP freight forecasts with actual charges on a by shipment basis.• Earned increased responsibilities in support of Consolidation, Planning, and Reporting for Global Logistics Finance for 2018. Added to Project Aspire in the optimization of Operations Finance Planning & Reporting.• Volunteered as Co-Captain for the Employee Giving Campaign in support of the VP, Controller of Finance Operations. Achieved 100% participation across all 80+ employees.• Received AbbVie Excellence Awards for my leadership on multiple projects within Global Logistics Finance.

Lake Forest, Il, Us

Responsibilities: Provides finance and analytic support to the Global Procurement Leadership team and Director of Finance as well as liaise with plant/site staff and other cross functional teams. Works with Global Procurement teams to identify and drive savings to meet Purchase Price Variances (PPV), Maintenance Repair & Operations (MRO), and Cash flow targets. Advises and supports the Procurement Leadership team on savings projections over the long-range plan. Works with Shared Services and Global Procurement to define and drive an optimized end-to-end Procurement process. Evaluates opportunities for adjustment of supplier terms, both discounts and extension of existing terms, to drive savings/cash flow and define necessary financial processes. Ensures monthly close for Global Procurement financials as wells as leads the annual standard setting and plan process. Redesigned management reporting package for greater focus on key drivers as well as LBE benchmarking process. Identified improper clearing of documents in SAP that had added foreign exchange volatility and established a new process to eliminate to problem. Also recognized pricing and system errors, calculated the impact and led the effort to recover over $6.5MM in PPV. Identified and aligned over $1.0MM in PPV from timing delay in procurement versus expenses incurred in final processing of unfinished product. Pursuing other opportunities for continuous improvement. Manage two Senior Financial Analysts.

Lake Forest, Il, Us

Responsibilities: Assumed month end close responsibilities of collecting, disseminating, and reporting sales and margin data from domestic and international plants under tight deadlines. Built new retrieve templates in Hyperion and PRISM to speed up reconciliation process between disparate systems. Analyzed and commented to monthly business unit performance on sales and margin by plant, product, and customer against select benchmarks. Created reporting packages of results with commentary to business partners and Senior Leadership Team. Cross-functional work with sales team and supply chain group to formulate Long Range Plan, Annual Plan financials, and supporting PowerPoint presentation. Detailed projections by plant, customer, and product to compare and comment against appropriate benchmarks. Headcount reporting and budgeting - forecast, report and comment to SG&A expenses. Used SAP skills to track live monthly results by Cost Center, built better month end reporting to aid commentary against numerous benchmarks, and streamline front end input to better track marketing spend. Provided monthly commercial forecasts (LBE) based on latest best estimates in a full income statement format Received recognition in Hospira Finance Newsletter, One2One Division publication, and spot award for leading Bad Debt recovery efforts, reducing fully reserved outstanding Bad Debt from $1.4MM to less than $0.3MM in six months.

Lake Forest, Il, Us

Responsibilities: Successfully resumed all responsibilities of foreign exchange and inter-company lending activities for corporate Treasury Operations after department reorganization. Spear-headed SAP reconfiguration to eliminate "marking to market" of spot foreign exchange contracts while protecting the integrity of the Income Statement as well as mapped out all aspects and accounting implications of the exchange cycle throughout SAP. Educate and assist local entities with clearing cash accounts from foreign exchange and inter-company lending activities. Direct month end close process within SAP Treasury module, provide detailed analysis, reporting and commentary of treasury foreign exchange performance. Continue to work with accounting on Treasury related reporting for 10K & 10Q filings along with aiding tax group in fielding external audit requests. Using Non-Deliverable Forwards, implemented the hedging of inter-company trade with our Latin American affiliates. Assisted in design and enabling the timely reporting processes surrounding our inter-company loan database. Facilitated the reduction of the Treasury Month End close process from five days to only three, and train new Analyst, Capital Markets.

Lake Forest, Il, Us

Managed staff of three, including managing daily domestic cash and funding needs, foreign exchange, and intercompany loans and settlements. Executed Treasury month end close process within SAP Treasury module, provided detailed analysis, reporting and commentary of treasury foreign exchange performance. Interacted with senior management regarding Non-Operating Income results as well as global weekly cash balance reporting. Active role in the integration of former Mayne Pharma entities, inclusive of assisting in identifying exposures, hedging strategies and transitioning bank relationships. Responsible for migration, implementation and usage of Quantum Treasury workstation. Assisted Area and Regional Treasurers with special projects on an "as needed" basis. Provided support and coverage for both domestic and international treasury operations as well as cross training opportunities for each analyst.

Lake Forest, Il, Us

Managed foreign exchange risk through coordination and execution of FX transactions and settlements. Created and tracked FX transactions and intercompany loans in SAP. Directed intercompany payments and netting through Settlement Center via FxAll, SAP, and coordination of e-mails. Planned and reported corporate non-operating expenses (Interest Income, Expense, Foreign Exchange, etc.), as well as Treasury Departmental expenses. Implemented Internet based FxAll trading system and Settlement Center that improved rates received on foreign exchange and eliminated facsimile correspondence. Created and maintained Treasury and Risk Management Intranet site within Hospira. Played key role to develop SAP treasury functionality, and increasing role in SAP month end close and ongoing activities (inclusive of reporting to non-SAP entities, clearing of virtual accounts, assist in clearing of international bank statements). Used web-based Megabank netting program for Abbott Treasury payments. Recipient of spot award from Returns Group for the substantial savings and cost reductions realized by Hospira on the Returned Goods process in 2004.

Distribution, Freight, and Returns Responsibilities: Planning and reporting (monthly close, Plan, Update, LBE, etc.) monthly expenses (freight, distribution, returned goods, etc.), handling return issues, timely and accurate reporting of less than full case distribution, and accounting for returned goods including accrual variances and justification of assets and reserve balances. Efforts in this area include discovering an aberration in the Lot numbering system which resulted in an almost $4.0MM return to the P&L of over accruals. Developed programs to improve returns processes and control logistics expenses in cooperation with other Abbott/Hospira personnel. Extensive work in cost containment of processing charges in Drip Chamber Recall, and received spot award for work on Form 10 report.

Abbott Park, Illinois, Us

RebatesResponsibilities: Audit, monitor, and approve the payment of contract incentives to group purchasing organizations and hospitals. Identify the impact and accounting treatment of contract incentive payments, verify the accuracy and timely implementation of accrual rates, justify accrual balances to test the adequacy of rebate reserves, and act as a liaison between Contract Marketing, Accounting, and auditors (internal and external). Responsible for standard month-end close process for HPD rebates, flash, and cash discounts.

Sourced commercial banking opportunities through personal networks, centers of influence, marketing, and deepening existing customer base. Analyzed corporate financial statements to determine creditworthiness and cash flow of client, available collateral, structured appropriate financing, created and presented credit memos to Loan Committee and Board of Directors, negotiated repayment terms, and closed loans. Identified commercial and retail sales opportunities while being accountable for the repayment of loans in my portfolio.

Originating, processing, selling, and closing commercial loans through telemarketing, referrals, and existing customer base. Awards include: Winner of Small Business Loan Sales contest in both number of loans and dollars booked, and recipient of the 1996 Gold Medal Champions For Our Customers for the State of Nevada. Also served as United Way Branch Coordinator and volunteer for NIAA activities. Other duties include: training of new Business Banking Officers and Personal Bankers, new accounts, customer service, District Manager support, and the timely completion of branch and district reports.