Finance Executive Lead

B. Amy Arfert

**** **** **, ********** ** *****

Mobile: 248-***-****

Email: ad5vcy@r.postjobfree.com

Hands on Finance Lead with extensive accounting and controlling experience in global companies (>$5b) Excelled in transition and uncertainty- ERP go alive, Restructuring, Reorganization, Spin-off, Post-Acquisitions) Self-motivated, dependable, result-oriented.

11+ years of financial leadership experience within multi-cultural and matrix organizations at plant/division/global corporate levels and +4 years international assignments

16+ years of expertise in controlling, global/regional consolidation, variance analysis, forecast and budgeting

Effective mapping and implementation of Finance & Accounting systems, standards, processes with improved results and best practices in the automotive industry

+5 years C-Executive level reporting responsibility and strong presentation skills at all levels

PROFESSIONAL EXPERIENCE

GEHRING LP, N.A. HQ Farmington Hills, MI Mar 2019

Finance Director, Americas

Key member of the Leadership Team that provided direction in strategic planning process and organizational development to achieve internal targets and cost savings in the region.

Managed company’s daily cash flow, budgeting & forecasting, presented monthly variances to the HQ in Germany. Lead accounting to ensure compliance with GAAP, tax regulations and statutory requirements.

Identified $2M issue on prior earnings, managed default on the loan as consequence of restated EBITDA.

Rationalized weekly management review process and addressed various issues involving time keeping, Goods in Transit, GRIR, and manual IC accruals to ensure financials are accurate, timely and reliable.

Redesigned accounting month end close process resulted in reduction from 9 days to 5 day close.

SEG NA Automotive LLC, Novi, MI 2017 – 2019

(Chinese owned company – formerly division of Robert Bosch GmbH)

Head of Accounting, Finance & Treasury North America

After spin-off from Bosch, lead external on-boarding process with the banks, outsourced payroll & taxes.

Reported weekly liquidity, signed off daily bank transactions. Established cash pool and FX hedging.

Resolved legacy accounting issues, rationalized Chart of Accounts, mapped payroll accounts and established monthly finance processes, internal controls, balance sheet account reconciliations.

Managed, sign off on Internal and PWC external audits, internal controls, and process narratives.

Prepared periodic IFRS packages, including notes >90 tabs, for external reporting and due diligence.

EATON 2014 – 2017

Plant Controller - EMEA, Suchdol nad Luznici, CZ (Jul 2016/ May 2017) (International relocation)

Large-complex plant. Managed team of 12-16, including Accounting Manager, and Controlling Team Leader

Developed bottom up budget and defended at multi-level reviews at HQ in Austria.

Ensured timely Month-Close & accurate booking. Presented results in the Monthly Operating Review calls.

Established firm accounting standards, account reconciliation, and balance sheet review processes.

Drove plant cost savings initiatives, Flexing budget, KPIs, continuous learning, talent acquisition and process improvements thru leading cross-functional teams.

FP&A Sr. Manager - Hydraulics Plant, EMEA, Istanbul, Turkey (Jan 2014/Jul 2016)

Monthly variance analysis w/commentary updates, budgeting & planning coordinating w/ HQ-Switzerland.

Analyzed/reported plant key metrics and ensuring all deliverables are completed with utmost accuracy and on time. Streamlined Sales Flash report reducing time to a two-hour long process, thereby facilitated timely decision-making and “on time” month close.

Assisted plant cost savings by providing visibility on spending details thru weekly Profit & Loss analysis.

Put together a focus team and managed entire Wall2Wall Fixed Asset audit of world’s largest hose plant (>$1B GBV assets on >1M sqft) that closed major compliance gap in the aftermath of the acquisition.

Developed US-GAAP compliant month end CIP process, accounting desktop procedures, and smart tagging system thru leveraging cross-functional support. Initiated regular capital review meetings with Plant engineering and purchasing, presented investment status to the General Manager. Created standard forecast templates and processes improving forecast accuracy from 156% to 10% gap. Analyzed / prepared Capital Appropriations Requests (CAR) and presented to HQ for approval. Developed a tracker to ensure all projects are in compliant with the Delegation of Authority, resulting in compliance improvement from around 50% to 98% in a year.

Designed monthly freight analysis and reporting process that improved cost tracking and ensured timely booking of accruals thus enabled Logistics reduce premiums, rationalize number of carriers from >300 to 78 of which, top 10 represented 95% of the total spend.

DANA 2009 – Oct 2011

Treasury, HQ, Van Buren Twp., Michigan (2011/Oct. 2011) (family leave)

Managed plants monthly working capital reporting and analysis

Lead implementation of Treasury Management Systems software and supported corporate cash reporting

Global Controller HQ, Maumee, Ohio (2009/2011)

Responsible for IT, directly reported to CIO, with a staff of 11 IT Directors and 430 IT employees worldwide.

Managed 5 direct reports and 2 consultants, including transition of 9 employees

Member of the Finance Talent Management Committee that strategized corporate employee base

Developed repeatable, standardized finance processes and guidelines that enabled company for the first time to roll out a “bottom up” IT Budget/Forecast with 97 locations globally.

Initiated analysis of monthly variances and reported Global IT performance for the Monthly Operating Review & Executive Committee.

Developed a monthly cost performance tracking system and established quarterly targets for each of 11 IT director as a tool to help drive cost savings and worldwide restructuring actions.

Established internal controls, spending policies and approval matrix resulted in 80% compliance improvement in capital, lease and purchase orders.

Assisted with drafting the corporate DOA (Delegation of Authority), Corporate Policy for IT/Purchasing /Engineering functions, and the launching of new corporate systems such as automation of invoices, (ODM), corporate MOR functions reporting and Capital Tracking System.

Reviewed and approved over 60 IT projects including >$100M global ERP/SAP and PLM.

DELPHI Strategic Planning HQ, Troy, MI 2007 - 2009

Part of the core team that prepared Plan of Reorganization to emerge Delphi ($20b) from bankruptcy

Reported $2.5B Five Year Corporate Restructuring Plan to align the cost structure and global footprint with the strategic portfolio. Consolidated restructuring activities of 8 divisions worldwide, including elimination of >30 plants, 25K heads. Presented regional analysis for C-level reviews and external due diligence.

Lead global process of $2B Five Year Capital Plan, developed budget instructions and managed monthly forecast process for divisions. Analyzed all Global Capital Appropriation Requests that are >$15M and presented to Director of Strategic Planning and C-levels.

Managed divisional allocation and financial modeling of $315M capital reduction to further conserve cash.

Prepared monthly-consolidated Hyperion report, analyzed variances, and prepared presentations for the senior executives and the Strategy Board Meetings.

Controlled HQ with $40M capital and $0.5B 5-yr restructuring budget including over 10 divestitures and $0.2B of transition & IT cost. Developed headcount analysis and staggered cash payment schedule to reduce SG&A cash flow by 30%.

Supported monthly Treasury liquidity analysis and OCF lender requirements.

*6 years prior plant/regional controlling experience:

At Ford Sterling Heights Plant, lead finance team for SOX compliance, Four-Wall Audit of $1B (Gross Book)- assets on 3M sq. ft. floor. Managed Capital budget and established internal processes for capital & disposal approvals. Audited capital projects for compliance and analyzed for profitability. Developed and managed Labor & Overhead budget and forecasting process for 3 product lines.

At Visteon North America Controlling, responsible for regional consolidating and reporting manufacturing operations performance of 4 Mexican facilities. Presented weekly material, inventory, freight, labor, overhead and capital variance analysis to the NA Regional Controller. Communicated potential operating issues affecting plant profitability. Rolled up Materials Budget for Utica, Indy, and Monroe plants. Responsibilities included guiding the yearly budget process, setting material cost standards, monthly forecast/variance analysis, cost savings, and close activities, Journal entries, accruals, account reconciliations and auditing transactions.

At Ford, product development, budgeted and forecasted program investment, engineering, prototype and material cost with explanation of causal factors and roadmap actions. Identified program Risks & Opportunities.

EDUCATION /SKILLS

MBA, Oakland University’06

Recipient of Lawrence Academic Excellence Award 2006 for graduating with the highest GPA

MA, Johns Hopkins University SAIS’99, C. Management and International Economics

BA, Bogazici University’97 Istanbul, International Relations, High Honor

Languages: English, German (conversational)

Skills/Certifications/Affiliations:

US GAAP and IFRS Accounting, Value Based Management

Microsoft Office, Oracle, People-Soft, SAP, BO Analysis, Essbase, Hyperion, Encompix, Think-cell, Salesforce, Lucanet

Certifications: Ford Automotive Technology, SOX AUDIT, Ford Systems Engineering Fundamentals

Ford Worldwide Engineering Release Systems, PWC (Part, Weight, Cost), CMMS, MfgPro (Manufacturing)

Beta Gamma Sigma, the International Honor Society for Collegiate School of Business

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