Tom Benedict Email & Phone Number

Grand Rapids, Mi, Us

Kentwood, Michigan, Us

$250M consumer goods manufacturer specializing in Thermoform, Rotational Mold and Blow Mold technologies. Responsible for leading US and Canada Accounting, FP&A, Treasury, Tax, HR, IT, Procurement and Warehouse/Logistics.- Reorganized Finance team to align to future needs of the business. Added Controller, Cost Accountant and BI Analyst. - Led successful integration of Canadian manufacturing acquisition of similar size- Led study identifying optimal warehouse and distribution strategy leading to board decision to pursue greenfield project to consolidate facilities and saving $2 million in annual operating costs.- Optimized working capital through targeted effort to standardize vendor payment terms improving DPO by 25%, reduced excess inventory by 30% and renegotiated key customer payment terms improving payment terms by 10%. Implemented 13-week cash forecast to track improvements.- Streamlined month-end close and financial reporting process leading to meaningful improvement in timing, analysis and insights provided to the management team, CEO and Board of Directors. - Led overhaul of standard cost process driving improved material and manufacturing costs across product lines / SKU’s, ensuring accurate inventory costing and more profitable pricing.- Negotiated preferred term loan and revolver credit facility terms with lenders.

Elkhart, Indiana, Us

Recruited by the company during period of accelerated growth to help restructure their credit agreements and build out formal Treasury team. Custodian for the corporations cash, investments and credit facilities. Manage relationships with credit partners at JP Morgan Chase, Wells Fargo, Bank of America Merrill Lynch, Prudential and 1st Source. Responsible for leading Cash Management Strategies and Cash Forecasting, Capital Planning and Forecasting, Risk Management, Credit & Collections and centralized Shared Service team including AP and AR

Dublin, Ireland, Ie

Responsible for leading the monthly forecast and actual process for $4B global Vehicle Group division. Directed the consolidation of 5 regional businesses, 2 JV's and Headquarters. Coordinated the annual Profit Plan process across the Group. Supported global business GM's in development of longer term strategic plan focused on top line and margin growth for 6 product lines. Partnered with Manufacturing and Supply Chain to identify and drive operational improvements across the organization.

Benton Harbor, Michigan, Us

Partnered with the Global Fabric Care President to lead the development of the 5-year strategic product and financial plan. Worked with the regional product category GMs and their teams to identify and collaborate on global product manufacturing opportunities to optimize business capital and engineering resources. Led cross functional teams in development of global project business cases. Led monthly actual and forecast process as well as consolidation of the monthly, quarterly and annual financial statement reporting for the Global Fabric Care business. Achievements: Functional lead on ‘Value Chain Analysis’ benchmark study commissioned to compare the full value chain of front load washer products to key competitors LG and Samsung. Outcome of analysis resulted in anti-dumping lawsuit against countries importing products into the US and U.S. Department of Commerce issuing significant tariffs against key Korean and European competitors. Drove significant incremental sales and profits for the company.

London, England, Gb

London, England, Gb

Master Of Business Administration (Mba), Finance And Accounting

Bachelor Of Business Administration, Finance