Mike Andraous, CMA, MBA

Milton, ON, Canada 647-***-****

ad43n5@r.postjobfree.com www.linkedin.com/in/mike-andraous

Senior Finance Leader and Executive

Accomplished professional with a proven track record of delivering superior financial results. Expertise in areas of strategic planning, strategic alliances and collaborations, resource allocation, global large scale project management, restructuring, and financial controlling, in manufacturing and commercial finance. Solid experience mainly in global pharmaceutical companies, medical devices, generics. Senior leadership roles in international and multi-country, multi-currency environments, including Canada, Egypt, Switzerland, and USA.

Core Competencies:

Financial Modelling

Financial Planning & Analysis (FP&A)

Budgeting

Forecasting & Scenario Planning

Business Transformation

Cost Optimization & Profit Maximization

Data Analysis

Financial / Management Reporting

Variance Analysis

Risk Management

Executive Presentations and business reviews

Mergers & Acquisitions (M&A)

Professional Experience

APOTEX PHARMACEUTICALS INC., North York, ON Canada

Global Finance Head FP&A 2022 - 2024

Established foundation for a global finance function, adding business and financial reviews, consolidations, variance analysis, and insights.

Led finance teams (6 direct reports) in global manufacturing organization and 5 manufacturing sites’ leadership teams in decision making, improving efficiencies and cost competitiveness.

Streamlined budgeting and forecasting process and enhanced automation and efficiency, reducing management reporting cycle from 2 weeks after closing to only 2 days.

Launched companywide efficiency improvement project through pool of value creation initiatives for all finished dosage manufacturing sites, strengthening productivity and efficiency and reduce the cost per unit, establishing savings of 6%.

Grew profitability of the Canadian business through product portfolio optimization, gross to net review and pricing strategies, enabling additional $500M cash flow available for acquisition of new companies ex. Searchlight Pharma Inc.

WAVES MULTI SERVICES COMPANY, Remote

Finance Director (Contract) 2021 - 2022

Streamlined finance function through improving efficiency and productivity and selection of the best suitable ERP, enabling faster closing process by 50%.

Built governance and controls and established performance key performance indicators (KPI’s), performance evaluation, business reviews process, and elimination of unnecessary management approvals, creating a faster decision making process by 30%.

Revised resource allocation and saved $10M to self-finance mergers and acquisition.

HUDSON’S BAY COMPANY, Brampton, ON Canada

FP&A Head, Logistics, Supply Chain & Digital Operations 2020 - 2021

Increased productivity savings for year 2021 budget, resulting in $12M CAD upside in EBITDA.

Spearheaded finance transformation project, streamlining FP&A and accounting functions, and leveraging skills in each area, moving noncore tasks to cost efficient countries and allowing faster management reporting and insight by 50%.

Improved talent pool, promoted 2 direct reports, and established the succession plan.

NOVARTIS PHARMACEUTICALS, Egypt, Canada, USA, and Switzerland

Finance Director / Head of Finance 2007 - 2019

Headed finance function and managed team of 6 direct reports. Oversaw IT function, ensuring better automation, matching IT strategy to the overall business strategy, including infrastructure, capital requirements, while ensuring potential security risks were mitigated and IT governance was in place.

Turned multiple manufacturing sites from a significant negative operating income to achieve +$20M operating income through resource re-allocation and productivity improvement projects.

Drove financial compliance by changing mind-set and communication of the importance of controls, adding significant improvement in controls maturity level across the organization, championing passing of 3 successive financial audits with success.

Appointed as leader for gross margin improvement project, achieving 6% sales upside, with a combination of strategic pricing review, gross to net percentage of sales, write offs reduction, contracts renegotiation, returns policy review in addition to commissions structure, Opex and headcount review.

Directed pricing re-engineering project, attaining better control and governance of the process, growing sales upside in 2017, following remediation of pricing model and buying groups contracts and addition, heightening bidding process for request for proposals (RFP’s), winning 2 government contracts for +$10M.

Led productivity saving project, companywide in partnership with marketing, sales, and sourcing, realizing savings of CAN $2.8M.

Spearheaded information integration of Novartis Animal Health into the new company Elanco Canada Inc.

Designed product launch strategy with focus on market share capture, increasing market share by 5 points.

Developed and implemented new process for price changes, enabling more control and eliminating noncompliance.

Enriched sales analytics and trends, looking into product portfolio and performance sales quantities and gross to net, supply chain and distribution channels, product launches, and helping marketing and sales, enlightening decision making by providing great financial and business insights.

Performed as global project leader of productivity improvement project within 12 manufacturing sites of Novartis Technical operations, allowing for $20M of growth in profit and loss bottom line through a short-term assignment in Basel, Switzerland.

Achieved a 5% annual incremental saving in operational expenses for 3 successive years.

Served as global write-off reduction champion, achieving a 28% improvement in write-off within 2 years.

Education

Master of Business Administration (MBA), Global Finance, École Supérieure Libre des Sciences Commerciales Appliqués, France

Bachelor’s Degree, Accounting, Helwan University, Egypt

Certified Management Accountant (CMA), equivalent to CPA

Certified Financial Manager (CFM)

Technical Skills

Advanced Excel, ERP Financial Systems (SAP, Great Plains, Microsoft Dynamics, Oracle),

Data Analysis Tools (e.g., Excel, Power BI)

Languages

English and French

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