MI C H A E L FLY N N, M B A, CPA

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973-***-****

Bradley Beach, NJ 07720

M acox9l@r.postjobfree.com

C O R P O R AT E C O N T R O L L E R

Finance Executive bringing 20 years of expertise with a unique combination of

e ntrepreneurial insight and b ig company discipline . I n f luential change agent who utilizes

systems expertise to re-engineer complex workf lows resulting in streamlined processes. Value–

added business partner devising strategies to measurably improve corporate bottom lines

t hrough margin management and cost reductions.

Financial Reporting F inancial Planning & Analysis P&L Management

Cash & Asset Management Systems Implementations Bank Covenant Reporting

Mergers & Acquisitions Strategic Planning Budgeting & Forecasting

Operations Finance Cost Control Risk Management

P R O F E S S I O N A L B AC KG R O U N D

Fisnar, I nc., - Pine Brook, NJ

Subsidia ry of Ellsworth Corp., A world leader in industrial robots and automation solutions

for fluid dispensing

GLOBAL FI NANCE & OPERAT IONS CONTROLLER 2012 – Present

§ Ownership of monthly financial package, coordinating with international division controllers to provide

Consolidated Financial Statements with commentary, variance analysis, and key performance indicators

to Executive Management

§ Direct all financial reporting/functions, including cash f lows, budgeting, revenue and expense analysis

§ Key leadership role in annual operating plan and periodic reforecasting of business performance,

consolidating North American, European and Asian business units

§ Responsible for operational continuous improvement initiatives focused on warehouse efficiencies and

i nventory optimization

§ Member of the Corporate Microsoft Dynamics Navision ERP upgrade and improvement committee

KEY ACCOMPL IS H M E N TS :

Developed product category pricing model t hat standardized gross margins for all products lines and resulted

i n a 6% increase in overall margins

Promoted from Global Finance Controller to Global Finance & Operations Controller in October 2013 -

expanding my responsibilities to include Warehouse/Distribution and Production departments.

Developed and implemented stronger cycle counting program that increased number of items counted per

month by 400% and increased accuracy from 80% to 97% - Year-end inventory observation was reduced from 8

hours down to 2

Led cross functional project team to facilitate move to a modern 32,000 square foot facility, working closely

w ith vendors to design office and warehouse layout

Redesigned bill of materials to drive inventory accuracy and improve procurement process

Implemented new collections procedure that reduced past due invoices as a percent of total Accounts

Receivable from 20% down to 3%

Arthu r Schuman, I nc., - Fai rfield, NJ

$500M M multi-location, cheese importer, processor, and maker of I talian Ha rd Type cheeses

CONT ROLLER 2002 – 2012

§ Responsible for internal and external reporting of Consolidated Financial Statements for seven

entities and held full accountability for all audits for both external auditors and company’s lending

i nstitutions.

§ Directed the cash/treasury function of the business providing visibility into the weekly cash

position tied closely to receivable collections, recurring fixed payments and vendor scheduled

d isbursements

§ Managed multi-million dollar Euro currency risk management strategy including market analysis

and coverage options.

§ Lead preparation of annual business plan and periodic re-forecasting of business performance

§ Prepared monthly internal reporting packages that includes departmental expense and standard

vs. actual cost of goods sold variance analysis

§ Lead preparation of monthly and weekly credit agreement reporting, with particular emphasis on

covenant compliance certification and average liquidity submissions to bank group.

§ Served as Finance Team Leader in testing and implementing MS Dynamics Great Plains ERP

System.

KEY ACCOMPL IS H M E N TS :

Facilitated margin increase of over 10% by developing gross margin analysis reporting tool t hat identified

significant costing errors with Euro-based inventory for company’s largest customer

Key role in the business valuation, negotiation, and due diligence for four acquisitions and resulting

i ntegrations.

Significantly streamlined financial reporting by developing Excel-based financial reporting package to create

Consolidated Financial Statements with bank covenant calculations for seven reporting entities.

Key finance team member that secured $75MM refinance of asset-based line of credit

Significantly reduced corporate health insurance by including High Deductible Plan that resulted in 25%

decrease in annual premiums

Managed the implementation of the MS Dynamics Great Plains ERP system in conjunction with four

strategic acquisitions

B2BVideo Network Corp., Ruthe rford, NJ

S ta rt-up subsidia ry of (NASDAQ: VNC I) t hat provided broadband video solutions delivered to

desktop

CONTROL LER 2001 – 2002

§ Led all corporate finance and accounting functions, including general ledger (GL), financial

reporting, cash f low forecasts, accounts payable (AP), accounts receivable (AR), tax compliance, and payroll.

KEY ACCOMPL IS H M E N TS :

Uncovered nearly $1MM in overcharges, saving company considerable costs, and facilitated favorable

vendor payment terms by spearheading vendor renegotiations.

Facilitated successful sale of company to Moneyline Telerate Holdings, LLC by leading due diligence

team in preparing all schedules needed by attorneys, auditors, and investment bankers.

I nstallation I ncluded, I nc., New York, NY

Start-up that provided customer installation solutions to partners like Home Depot, Ace Hardware,

a nd Smith & Noble

ASSISTANT C ONTROLLER 1999 – 2001

§ Managed staff of four in areas of GL, AP, AR, and payroll/HR, holding accountability for monthly

closings and financial statement preparation with budget and forecast variances.

§ Successfully converted QuickBooks accounting data to Great Plains Dynamics in just one month and

u nder budget and developed chart of accounts that supported FRx multi-dimensional reporting structure.

EARLY CAREER:

T iffany & Co., Parsippany, NJ - F I NANC IAL SYSTE MS A NALYST 1999

Edy’s Grand Ice Cream, Columbia, M D - A CCOUNT I NG M ANAGER 1995 – 1999

Johanna Dai ries, I nc., Flemington, NJ - SEN I OR A CCOUNTAN T 1992 – 1995

Suprema Specialties, I nc., Paterson, NJ - STAF F A CCOUNTANT 1988 – 1992

TE C H N I C A L PR O F I C I E N C I ES

M icrosoft Office, M icrosoft Dynamics Great Plains, M icrosoft Dynamics Navision, JD

E dwards, Oracle Financials, QuickBooks, Jet Reports and FRx Reporting Software

E DUCAT ION & CREDENT IALS

Fairleigh Dickinson University

M ASTERS B USI NESS AD M I N ISTRAT ION – F I NANCE C ONCENT RAT ION

OF

B ACHELOR SCI ENCE ACCOUNT I NG

OF IN

Certified Public Accountant State of Ma ryland

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