Nickolas Darin
**** *** ***** 248-***-**** 248-***-****
Rochester, MI 48306 *********@*******.***
SENIOR EXECUTIVE - FINANCE / GENERAL MANAGEMENT
Expertise: Value Creation... Financial Engineering... Operational
Leadership
Performance-driven leader offering rich career track record of delivering
significant improvements in profitability, performance, cash flow, and
working capital. Utilize keen analysis, insight, and team approach to drive
organizational improvements and best practice implementation. Recognized
for positively impacting organizations by utilizing superior interpersonal
skills and motivating staff to peak performance.
Proven areas of expertise:
( Strategic Planning & Organizational Leadership (
Finance/Accounting & Boardroom
( Budgeting & Cost Management ( Growth &
Expansion Strategies
( Mergers, Acquisitions & Divestments (
Profitability & Cost Analysis
( Process Design & Productivity Improvement ( IT Systems
& Technology Utilization
( Team Building & Performance Improvement ( Supply Chain
& Contract Negotiations
PROFESSIONAL EXPERIENCE
Interim Chief Financial Officer
2010 - 2011
Revstone Metavation & Casting Fairfield ( Southfield, MI
$132M entity of Revstone Industries offering casting, precision-machining,
and component assembly to a diverse group of markets.
Embraced leadership opportunity in highly leveraged organization
experiencing fast-paced, non-organic growth. Oversaw efforts related to
cash management, monthly reporting, annual planning, and banking
relationship management for machining and assembly plant, rubber plant, and
2 casting foundries. Provided Fiscal leadership overseeing $27M operating
budget. Direct report team comprised of 3 plant controllers and a senior
financial analyst.
. Identified unprofitable product-lines through leadership perspective
and focus into underperforming plants.
. Instilled financial discipline into cash flow management activities
while ensuring supply chain continuity by creating coordinated daily
cash flow forecasting process utilizing finance and purchasing team
contributions.
. Led successful financial integration of $45M foundry through
coordinated efforts with plant controller while achieving 60 day
banking milestones and covenant testing.
Chief Financial Officer
2006 - 2010
Decoratetoday.com - American Blinds & Wallpaper Factory, Inc. ( Livonia,
MI
$79M entity of Contrarian Capital Management, the largest direct marketer
of name brand, special order window treatments & wall coverings.
Recruited as senior leadership team member to create bottom line value
through driving operational improvement, revenue enhancement, and cost
reduction opportunities. Provided Fiscal and Operational leadership
overseeing $24M operating budget, 4 direct reports and 28 associates.
Leadership responsibilities expanded to include IT and H/R.
Key responsibilities involved financial planning, pricing, accounting, cash
management, payroll, technology, and human resources. Oversaw preparation
of annual budgets, monthly management reporting, and annual financial
statements. Instrumental in evaluating and reporting new business
opportunities and investment activities to board of directors. Guided
development of best practice policies and procedures, coordinated financial
audit with independent auditors, and developed and maintained relationships
with external banking, insurance, and tax personnel.
. Solidified stakeholder confidence, employee morale, and customer
satisfaction by recruiting high performance executive team for various
functional areas including finance, accounting, and project
management.
. Attained gross margin growth of 380 bps by conceptualizing and
designing strategic discounting programs, private label product lines,
and core mix business model methodology.
. Collaborated with CEO to steer acquisition due diligence and execute
TSA activity during integration.
. Served as catalyst during deployment of effective Canadian marketplace
penetration initiative.
. Attained multimillion-dollar operational cost savings of $7.9M through
comprehensive analysis of financials.
. Accelerated cash flow $330,000+ by renegotiating credit card
processing terms and bank fees with newly developed business partners.
. Cut operating costs 60% by attaining $720,000 per annum lease cost
savings as headquarters relocation lead.
Nickolas Darin Page 2 of 3
VP Finance, Technology & Supply Chain
2000 - 2006
J&L Industrial Supply ( Southfield, MI
$300M division of global market leader Kennametal and distributor of
metalworking products and supplies.
Recruited as member of turnaround executive team charged with restoring
double-digit EBIT to unprofitable division. Challenged to consolidate and
streamline disparate operations developed as result of 8 acquisitions.
Provided Fiscal, IT, and Supply Chain leadership overseeing $30M operating
budget, 5 direct reports and 80 associates across the US and UK.
Operational leadership responsibilities were expanded to include IT and
Supply Chain after successfully positioning the Financial organization.
Reorganized Finance and IT departments, placing high energy, technology
savvy, operational-minded A-players with strong commercial understanding in
key roles. Developed tactical and operational activities and plans to
support corporate strategic goals. Established and maintained key
performance indicators and continuous improvement processes for all aspects
of Finance, IT, and Purchasing. Developed high performance culture of
accountability centered on core values, metrics, and customer service.
Assumed leadership of key corporate initiatives, Cash Max, and Lean
Operations programs.
. Quickly stabilized a burning platform, built credibility, both
externally and internally, while establishing control over existing
business environment.
. Recognized for leading 2 restructuring programs creating $15M of
annualized benefits from $14M spend. Included closing 22 satellite
locations producing census reduction of 295, SKU reductions valued at
$3M, and consolidation of 6 distribution centers.
. Integrated 2 acquired businesses ($18M sales), realigned 1 business
under sister business unit ($128M sales), participated in divesting 2
businesses ($67M sales), and closed German operations ($4M sales).
. Reduced operating expenses 21%, or $13M, in 2 years through census
reductions, rightsizing, and targeted cost reduction programs.
. Delivered a 36% ($25M) decrease in primary working capital. Reductions
driven as a result of aggressive management of inventory without
sacrificing fill rate, payables management that resulted in extending
DSP by 22 days, and receivables and cash application management that
contributed to a 90% hit rate.
. Led accounts receivable securitization efforts that delivered a $17M
increase in free operating cash flow a full quarter earlier than
expected.
. Realigned IT reporting hierarchy to strengthen departmental identity,
renew focus, and create a performance driven team. Allocated more
applications development resources to accelerate results on high-
impact projects.
Cadillac Plastic ( TROY, MI
1994 - 2000
$430M division of M.A. Hanna, a premier polymer supplier and the world's
largest distributor of engineered plastic shapes and custom fabricated
solutions operating through 117 locations in 15 countries.
Elevated through a series of increasingly responsible financial leadership
positions based on consistently exceeding goals and targets. Valued as a
key member in global financial organization.
Divisional Controller (1998 - 2000)
Led staff of 7 direct reports and 33 Finance and Accounting associates
throughout 15 countries in Finance, General Ledger, A/P, A/R, Sales,
Credit, Payroll, Asset and Tax Departments.
. Centralized financial reporting through US - Canada, Australia,
France, UK, and Netherland offices.
. Reorganized and staffed Finance Departments around Oracle ERP to
leverage integrated technology.
. Reduced month-end close by 50% or 3 days driven by reengineered processes
and integrated ERP system.
. Centralized Accounts Payable and eliminated 56 processing centers
resulting in savings of $1.2M.
. Consolidated vendor and supplier base 81% from 11,000 to 2,000.
. Reduced budgeting cycle time by 30% (4 weeks) using Hyperion end-user
application processing tools.
. Improved working capital by reducing DSO 5 days to 48 days by
centralizing the credit function, optimizing lock box application
processes, and outsourcing the billing function.
. Key contributor to change in go-to-market and distribution strategy
through strategic analytics.
Nickolas Darin Page 3 of 3
Finance Manager (1997 -1998)
Managed staff of 10 Finance and Accounting associates responsible for
planning, coordination, preparation, reporting and analysis of domestic and
international consolidated financial statements.
. Streamlined management reporting to provide critical decision-making
information at customer and business unit levels resulting in better
pricing, increased gross margins, and optimized inventory mix.
. Managed due diligence process for 2 acquisitions and completed a net
asset deal for a single line of business.
. Directed cash forecasting and analysis for both corporate reporting
and banking relationships.
. Shortened strategic planning horizon to 3 years and optimized capital
appropriation process.
. Enhanced annual budgeting and forecasting process to include metric
reporting and industry benchmarking
. Served as Operations Manager for 14 fabrication/distribution
locations, reviewing procedures, processes, internal control, and
inventory management during Oracle ERP rollout.
. Managed Payroll and Compensation for 900-employee domestic
organization.
Project Leader (1996 -1997)
Led team of 6 Finance and Accounting associates during software conversion
from legacy mainframe software to Oracle ERP client server software.
. Served as management change agent during ERP implementation and
managed successful platform cutover.
. Interfaced with business managers to model and redesign existing
business processes.
. Implemented financial transaction processing modules.
. Coordinated training programs for all functional departments.
Senior Financial Analyst (1994 - 1996)
Responsible for strategic business planning, budgeting, forecasting, and
profitability analysis.
. Developed and implemented multidimensional Activity-Based Costing
models used to analyze profitability by product line, customer and
market throughout North America.
. Developed and implemented interactive what-if models assessing
profitability and new market penetration.
. Analyzed international equity subsidiary transactions, exchange rates,
and translations.
. Served as financial and accounting interface to parent company.
Financial Analyst - Credit Finance (1992 - 1994)
Household International ( Farmington Hills, MI
Accounting Analyst - Plans & Controls (1988 - 1992)
Unisys ( Detroit, MI
Financial Analyst - Financial Statements (1987 - 1988)
United Technologies Automotive ( Dearborn, MI
EDUCATION / DESIGNATION
Post Graduate Studies, Business Administration ( Kennedy-Western
University (2005)
Executive Development in Key Disciplines
M.S., Administration & Organizations ( Central Michigan University (1996)
Graduated with Honors
Certified Management Accountant ( Institute of Management Accountants
(1991)
Earned C.M.A. Designation
B.B.A., Professional Accounting ( University of Michigan-Dearborn (1987)
Graduated with Distinction