Controller
Thyssenkrupp Metalcutting - Cross Huller Division
Sterling Heights, Michigan
Served as Controller for this $125MM machine tool company with three facilities located in the US and Canada. Managed the accounting function including management reporting, financial statement preparation, cost accounting, accounts receivable and payable, payroll and auditing, financial reporting, budgeting, forecasting, financial analysis and establishment of policies and procedures. Supervised a staff of seven.* Transformed accounting and finance function by re-engineering entire department and establishing a new SAP system and interdepartmental financial reviews. Improved accounting accuracy and information estimates.* Contributed to a major organizational change that doubled sales and returned company to profitability by eliminating unprofitable assets, consolidating four facilities into three, reducing headcount, and lowering discretionary spending. Closed one US location and a Canadian manufacturing facility.* Established and managed detailed financial reporting to foreign parent company. Introduced International Financial Reporting Standards (IFRS) to enable organization to publish a single set of financial statements instead of both US GAAP and German HGB standards.* Implemented currency hedging to eliminate $50MM exposure.