Ron Allen

Ron Allen Email and Phone Number

Chief Financial Officer / General Manager at Foster Electric (U.S.A.), Inc. @
Ron Allen's Location
Crystal Lake, Illinois, United States, United States
Ron Allen's Contact Details
About Ron Allen

A Certified Public Accountant with a Master of Business Administration in International Management with experience in auditing, general accounting, investing analysis, treasury management, financial planning, customer service, and operation’s management.

Ron Allen's Current Company Details
Foster Electric (U.S.A.), Inc.

Foster Electric (U.S.A.), Inc.

Chief Financial Officer / General Manager at Foster Electric (U.S.A.), Inc.
Ron Allen Work Experience Details
  • Foster Electric (U.S.A.), Inc.
    Chief Financial Officer / General Manager
    Foster Electric (U.S.A.), Inc. Jul 2020 - Present
    • Prepare periodic financial statements and compare actual results with budget/forecast. • Attend monthly managers meeting to present financial results. • Monitor cash flow and financing activities. • Monitor customer payment activity and credit worthiness. • Review inventory report in connection with financial results and monitor inventory levels. • Participate in asset acquisition decisions and safeguarding of assets. • Prepare or review reports for various government agency tax payments or for compliance • with regulations. • Discuss and formulate policies and procedures for personnel management, safety, health • and welfare. • Review performance standards annually. • Review business contracts, resolve legal questions, take action regarding legal matters and/or comply with business law and corporation laws.
  • Metal Partners International
    Corporate Controller
    Metal Partners International Jan 2017 - Jul 2020
    • Prepare the financial statements and all account reconciliations for the owners on a monthly basis.• Responsible for uploading the data from the ERP system (Soule) to the accounting system (Sage Intacct) on a monthly basis as part of the close process.• Prepare the weekly and monthly borrowing base files that are required for the bank.• Process and file all sales and use tax returns (presently twenty states).• Control all releases of material to customers or into the fabrication process.• Analyze and manage credit limits on customers, by overseeing the process and holding weekly meetings to discuss accounts and strategies with the finance team (Illinois and Florida offices).• Prepare documentation for sales tax and external audits. • Prepare letters of credit for international metals purchases. • Developed and implemented the credit policy. Increasing credit insurance coverage on customers from 57% of Accounts Receivable to 85% within three months (target set by the owners).
  • Tata International Limited
    Vp Finance Americas Metals Division
    Tata International Limited Nov 2012 - Jan 2017
    Mumbai, Maharashtra, In
    • Directed the finance operations across the Americas, including analysis of key performance indicators (KPI) such as capital, profit, risk, and turnover. Entrusted as primary decision maker in absence of President. • Coached management, traders and support teams in finance, investment and profit-making strategies as a key liaison between the Americas and parent businesses in India and London.• Successfully managed business risk for global positioning; minimized exposure to bad debt and default.• Analyzed and managed credit limits on customers; developed and maintained solid working relationships with the credit insurance provider and UK-based underwriters.• Managed all contracts from concept to completion as communication and problem solving resource between traders, customers, mills, logistics providers, finance, and the company logistics team.• Approved sales order acknowledgements, purchase orders and profit calculations for each contract.• Led strategies related to letter of credits, bank guarantees and international transactions as liaison and critical support to the Financial Controller Global Positioning UK and team members. • Collaborated with legal counsel on product and government issues such as customs and investigations.• Familiar with Incoterms (shipping/vessel); investigated and resolved costs, recommended shipping savings.• Oversaw and controlled AP and AR; managed accounting, budgeting, financial analysis, credit collection, information services, and financial recordkeeping functions for Global Positioning Americas.• Managed direct reports; originally hired as Controller by the Corus Group, Aluminum Division; moved to the Metals Division (rebar, flat, wire rod, and other products), which was purchased by TATA.• Retained by Tata Steel International (Americas) due to ability to provide managerial skills while assisting with company transition and change management; promoted to Vice President Finance.
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  • Tata Steel International (North America) Ltd Formerly Corus Group
    Vp Finance Global Positioning
    Tata Steel International (North America) Ltd Formerly Corus Group Feb 2007 - Nov 2012
  • Corus Aluminium Rolled Products Usa
    Financial Controller
    Corus Aluminium Rolled Products Usa Jun 2004 - Feb 2007
    • Lead a staff of five over the accounting, logistics and information technology related functions of the group.• Evaluate systems and working methods on a continuous basis to improve the efficiency and flexibility of the office.• Responsible for controlling the company’s expenses, and developing procedures to keep inventory and accounts receivable on a competitive level and in line with strategic targets set during the planning process.• Establish business controls to ensure compliance with all US laws and regulations including improving and developing internal systems to ensure compliance with group and external targets for Sarbanes-Oxley.• Ensure that all financial information is reported to our parent in Germany in a timely and accurate manner.• Used information extracted from our Navision ERP system to prepare numerous analysis requested by Aleris International in their purchase of the down stream aluminum assets of Corus Group PLC.• Presented the Navision ERP system to Corus Trading Limited’s information technology and finance teams as part of their due diligence in identifying a new system.

Ron Allen Skills

Business Strategy Negotiation Accounting Budgets Management Operations Management Procurement Supply Chain Management Finance Financial Reporting Cpa Financial Analysis Steel Strategic Planning Accounts Receivable Manufacturing Logistics International Business Forecasting Account Reconciliation Auditing Business Planning Analysis International Trade Internal Controls Business Development Cash Flow

Ron Allen Education Details

  • Baldwin Wallace University
    Baldwin Wallace University
    International Management
  • Cleveland St
    Cleveland St
    Accounting

Frequently Asked Questions about Ron Allen

What company does Ron Allen work for?

Ron Allen works for Foster Electric (U.s.a.), Inc.

What is Ron Allen's role at the current company?

Ron Allen's current role is Chief Financial Officer / General Manager at Foster Electric (U.S.A.), Inc..

What is Ron Allen's email address?

Ron Allen's email address is ro****@****eel.com

What schools did Ron Allen attend?

Ron Allen attended Baldwin Wallace University, Cleveland St.

What skills is Ron Allen known for?

Ron Allen has skills like Business Strategy, Negotiation, Accounting, Budgets, Management, Operations Management, Procurement, Supply Chain Management, Finance, Financial Reporting, Cpa, Financial Analysis.

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