MICHAEL J. DOLENCE
Indianapolis, Indiana * 317-***-**** * *********@*****.***
CAREER PROFILE
Financial Leadership, Budgeting & Planning * Strategic Planning * M&A /
Business Development * Deals *Divestitures * Acquisition Integration*
CFO* Revenue recognition* P&L management* Financial process
improvement* Lean Sigma* Systems implementation* Manufacturing/ Supply
Chain Finance* International Finance* Innovation* R&D Portfolio
Management* Sarbanes Oxley* International
Senior executive financial leader delivering results through profit
improvement in growth environments. More than 15 years of financial
experience and 10 years of operational experience (store/plant operations,
inventory planning, supply chain) with emphasis in multi-location
businesses (retail and manufacturing). Skilled in developing strategic
plans, implementing financial strategies, overseeing P&L management, and
driving high performance teams. Proven track record of tackling complex
business problems with innovative and hands-on approaches. Respected by
colleagues and coworkers for work ethics, attitude, and leadership
abilities.
PROFESSIONAL EXPERIENCE
GASAMERICA SERVICES, INC. Greenfield, Indiana
2007-Present
Vice President Finance/Information Technology
Recruited to bring structure and process to the functional areas of Tax,
Benefits, Inventory Control, Information Technology, Budgeting and
Financial Reporting. Manage currently a staff of 25+. Serve as member of
the executive committee, chair of 401k committee as well as retaining a
seat on the Board of Directors. Accountable for all subsidiary and holding
company accounting, taxes and oversight.
Operations Achievements
. Staged and Sold corporation's assets for well over two times
book value and in excess of 9x EBITDA.
. Saved $5m of working capital through the implementation of a
centralized procurement system and ordering process for all
retail locations.
. Increased Operational and Financial accountability through
annual plan review process for all retail locations plus all
subsidiary locations and strengthened accountability by
partnering with Operational and Retail Departmental and
executive leadership.
. Completed Six Sigma Black Belt Certification.
Financial Achievements
. Saved over $500k annually by renegotiating the Medical and
Disability insurance, while increasing the benefit package to
employees.
. Implemented company-wide centralized procurement plan,
resulting in the ability to increase terms with key inventory
suppliers and streamline and control discretionary spending
reducing working capital over $500k.
. Increased financial visibility and timeliness by changing
valuation method for inventory and cost of sales accounting
thus decreasing close time for P&L statements as well as
giving the ability to provide flash reporting to all business
units.
. Increased Internal Controls surrounding Federal, State and
Local tax analysis and reporting. Consolidated tax entities
to streamline quarterly and year end reporting.
. Executed an executive and management reporting system
providing quicker visibility to results and tactical
decisions while providing tailored financial and operational
reports to meet the requirements of 90+ Retail locations and
corporate departments.
Technology Achievements
. Renegotiated telecom contract, thus decreasing the P&L
expense by over $500k.
. Significantly reduced labor hours as well as increased
customer service through the implementation of new retail
and back office software for all retail locations. .
. Designed and deployed a multi-dimensional reporting
environment (OLAP) thus reducing IT Development headcount for
reporting development, adding consistency to the data
reporting as well as increasing the reliability and online
performance of the company's data warehouse.
. Turned around organization-wide resistance toward automation
and streamlined procedures that significantly improved
efficiency and reduced on-going support, license and
maintenance costs. The was partially achieved by implementing
a Mass Storage Array (MSA) structure with off-site redundancy
as well as restructuring data backup and recovery procedures
for limited downtime in the event of a disaster.
MICHAEL J. DOLENCE
Page Two
PROFESSIONAL EXPERIENCE (Continued)
REMY INTERNATIONAL, Anderson, Indiana
2005-2007
Director of Accounting, Financial Reporting and Planning
Global finance leader for four geographic regions of the Original Equipment
(OE) group with a diverse team of over 20 employees. Business Partner to
executive team responsible for total finance function including strategy
and budget planning, forecasting, growth, working capital, systems, control
and compliance.
. Drove the accuracy and timeliness of internal and external reporting
as well as statement consolidation and reporting in accordance with
GAAP and SEC Reporting and Disclosure requirements inclusive of notes
cash flow statements and notes to externally facing statements.
. Oversaw external audits and managed the accurate reporting and
analysis of all divisional working capital, capital expenditures,
business segments and departmental spending as well as all domestic
manufacturing and distribution centers.
JARDEN CORPORATION, Muncie, Indiana
2003-2005
Alltrista Consumer Products - Manager of Operations Accounting and
Financial Reporting
Management and delivery of P&L and Balance sheet (Actuals, Forecast and
Planning) for two manufacturing facilities, five distribution centers and
four subcontract manufacturing facilities as well as divisional fixed
assets and depreciation, manufacturing reporting, and divisional
international consolidation and eliminations.
. Added Sarbanes-Oxley Section 404 controls and divisional internal
audit program.
. Saved process time by reducing reporting cycle time thru SQL/OLAP data
warehouse.
AVERY DENNISON CORPORATION, Ohio/ California/Ireland
1999-2003
Project Manager/Financial Planning & Analysis Manager - Europe (2000-2003)
Executed a multi-million dollar savings project for all European divisions
of the corporation. The project was able to achieve significant headcount
reduction as well as process and control efficiencies throughout the
European and consolidated organization. Ensured that all risk to the
corporation was mitigated in the design of a global system as well as
global accounting policies through the evaluation of the European and North
American Businesses, Best Practice Benchmark studies and US GAAP/SEC
compliance.
. Restructured the end-to-end global close timing and procedures
reducing time required to close month. .
. Drove to completion global processes, accounting policies/procedures
and system design for a centralized A/P, A/R, fixed asset and capital
lease management, general accounting, European treasury and Value
Added Tax processing center..
. Managed the implementation of a new tax structure for a 100 million
Euro division reducing tax burden to the corporation by 10% for that
division.
Fasson Roll North America (FRNA)-Distribution & Logistics Controller (1999-
2000)
Working Capital and Inventory Management of all divisional distribution and
finishing locations.
. Reduced headcount from the division by centralizing finishing center
accounting and automating the close process.
. First certified Six Sigma Greenbelt in Avery Dennison's finance
organization.
THE MRC GROUP/MEDQUIST INCORPORATED, Beachwood, Ohio
1997-1999
M&A/Financial Manager
ACOSTA FOODS, Shaker Heights, Ohio
1996-1997
Financial Analyst
DELOITTE & TOUCHE, LLP, Cleveland, Ohio
1995-1996
Staff Auditor
EDUCATION
CLEVELAND STATE UNIVERSITY, Cleveland, OH, Masters of Business
Administration - International Finance, 1997
ALLEGHENY COLLEGE, Meadville, PA, Bachelor of Arts - Double Major -
Economics/Political Science, 1995
COMPUTER EXPERIENCE
QAD MFGPro, Peoplesoft, SAP(FI/CO/PP), Hyperion
Enterprise/Planning/Essbase, FAS, MS Office Professional Suite, Retalix
POS/DAX, Great Plains, SQL SSAS, SQL SSRS, SQL
SSIS[pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic]