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•CMA - Certified Management Accountant•Extensive knowledge and experience in financial & analytical accounting using a “business partner” management approach to the facility operation.•Well versed in GAAP (Generally Accepted Accounting Principles) and able to readily provide external auditors with all required supporting documentation & schedules.•Passionate leadership regarding maintenance of product profitability, cost control, and organizational efficiency.•Wide range of experience & expertise working in large/small, public/private, & manufacturing/service industries.•Solid core competency controller with diverse experience in all financial areas.Specialties: Budgeting & forecasting, all cost accounting: margin & variance analysis, Inventory management, reporting & valuation; cost control, proactive business partner management, direct reports support, training & evaluation; GAAP accounting, Internal audit & control, facilitation of external audit, facility support / ad hoc reporting.
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Chief Financial OfficerNovair Usa Corp Jan 2022 - Present
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PresidentAudubon Machinery Corporation Dec 2019 - PresentNorth Tonawanda, Ny, Us* Drive the organization toward a mindset of high quality production and performance* Optimize processes and procedures to eliminate waste and maximize free cash flow* Direct investment in sales & marketing initiatives that provide a solid foundation for future growth* Prioritize and oversee the development of new products or enhanced capabilities in existing products -
Plant Controller LlBrill, Inc. Jan 2018 - Nov 2019Tucker, Georgia, UsPlant Controller responsible for all site SKU costing & maintenance, local & corporate reporting, budgeting, maintenance and audit of related P&L and participation on management team representing finance. -
ControllerAudubon Machinery Corporation May 2010 - Dec 2017Controller and HR Manager responsible for all multi-divisional financial reporting, government compliance, staff management & development as well as all of the Human Resources functionality. Much focus is on process improvements and margin reporting to increase profitability, as well as staff development to increase generation of ideas and pro-active cost savings. Active manager in all areas of the business; member of leadership team representing Finance & HR, development of internal controls, lean, and overall continuous improvement. • Developed & introduced cost plan including direct labor and overhead rates resulting in monthly margin reporting that has contributed to product profitability awareness & price increase initiative.• Developed & installed corporate travel policy resulting in cost savings due to stricter receipt requirements, spending limits, and other savings type procedures regarding car rentals, flight schedules, etc.• Directly involved in planning & implementation of numerous cost savings initiatives involving freight cost, recycling program, utility rates, sale of obsolete materials (SLOB - slow moving/obsolete analysis), vendor costs. • Implemented detailed budgeting & forecasting that has given management increased visibility resulting in new strategic initiatives surrounding both revenue & spend.• Initiated inventory cycle counting & turns reporting resulting in a 28% inventory decrease through 18 months. • Effectively took over HR duties in addition to controllership role resulting in headcount reduction of ½ FTE. • Initiated a ZBA sweep account connected to the company line of credit facilitating a 100% maximum pay down at all times and reduction in interest expense.• Completed ISO internal auditor certification and joined internal audit team.• Improved the existing payroll process by eliminating manual timecard computations, hours call in, & reporting saving management time and eliminating hard copy reports.
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ControllerAccellent May 1998 - Mar 2010Controller CMA (Certified Management Accountant) responsible for financial analysis and forecast including key performance indicators, preparation & presentation to local and corporate management, daily financial support for facility: problem solving, GAAP, analysis, direct involvement in lean manufacturing, cost control, SOX.• Prepared due diligence paperwork to sell privately held company (1999 – Hayden Precision to Medsource Technologies), and again to UTI Corporation (2005 – Medsource Technologies to UTI Corporation/ Accellent).• Selected by Medsource to be one of only two controllers to participate in cost control planning strategy session to reduce costs (2001), headed up cost control initiative in reaction to marked revenue drop (2009) and surpassed goal by 3 margin points through June (2009). Researched & introduced energy curtailment to site resulting in significant electricity savings of $15K per month.• Participated in seven month Oracle process development & implementation representing Accounting: Developed system resources, set standards for inventory, direct labor & machine overhead, lead development & implementation of Purchasing process, verified data conversion (2001), and subsequent revision implementation (2008).• Developed & Installed annual physical inventory process & weekly cycle counting. Demonstrated a 25% variance reduction YOY and submitted application documentation to external auditor team for exemption status.• Created and maintained a comprehensive internal audit process for the Finance department (account reconciliation & backup). Orchard Park went three years without a single audit finding – received company award for this achievement.• Brought all departmental managers into the budget process developing tools (spreadsheets, historical data, charts & graphs) for their use to develop their own budgets. Provided annual training and reported to each manager monthly their actual spend vs. budget.
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ControllerPrior Aviation Service Nov 1991 - Apr 1998Controller responsible for all financial reporting & compliance, supervision of staff, payroll and maintenance of IBM AS 400.•Improved accuracy & compliance of transportation and fuel tax reports/returns, notably decreasing exposure in that area.•Introduced & implemented annual operating plan budgeting to facility, including standardized monthly management reporting & analysis.•Renovated & improved AR, AP & payroll process.•Learned IBM AS 400 system and installed updates as required.
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ControllerOehler Industries Inc Jul 1986 - Oct 1991Controller responsible for all financial reporting at two sites, payroll, & cash management, hired to enhance the financial operations of a growing business.• Installed GAAP accounting at two sites and began extensive use of software system to maximize efficiency within the billing & accounting system.• Introduced & facilitated engineering electricity usage study for sales tax exemption and successfully obtained three year look-back refund from New York State.• Introduced and implemented annual operating plan budgeting for both locations. • Helped owners start up a new equipment retail business (Machinery For Industry, Inc.) with account setup, accounting & compliance.
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Accounting ManagerAndco Actuator Products Oct 1982 - Jun 1986Accounting Manager responsible for all site accounting, cost standards, & budgeting.• Successfully implemented on site budgeting and greatly improved accounting process.• Introduced monthly sales & profit analysis by product line & customer. Accomplished this by setting up labor & assembly hours reporting and setting rate standards. • Questioned vendor charges for many raw materials & other miscellaneous expenditures resulting in additional quotes and savings on many purchased items/services.
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Staff Cost AccountantDresser Industries Jun 1980 - Sep 1982UsCost accountant responsible for all product costing, participation in month end close, help with budgeting and other miscellaneous reporting.• Promoted to staff cost accountant from shop timekeeper position.
Timothy Blach Skills
Timothy Blach Education Details
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Canisius CollegeAccounting -
St. Bonaventure UniversityBusiness Management
Frequently Asked Questions about Timothy Blach
What company does Timothy Blach work for?
Timothy Blach works for Audubon Machinery Corporation
What is Timothy Blach's role at the current company?
Timothy Blach's current role is CFO at Novair USA Corp.
What is Timothy Blach's email address?
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What is Timothy Blach's direct phone number?
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What schools did Timothy Blach attend?
Timothy Blach attended Canisius College, St. Bonaventure University.
What are some of Timothy Blach's interests?
Timothy Blach has interest in Casinos, Jesus, Linkin Park (Band), Chess, Pink Floyd (Band), Bob Marley, The Matrix (1999 Movie), Jay Z, The Office, The Big Bang Theory (Tv Series).
What skills is Timothy Blach known for?
Timothy Blach has skills like Sales, Sales Tax.
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