Manufacturing Manager

Maximin Basanaga, MBA

** ***** *****, **********, ** 08854

Home Phone: 732-***-****

Cell Phone: 732-***-****

E-mail: *********@***.***

SUMMARY

A dedicated financial professional with a solid business background,

diversified financial experiences in multiple corporate business categories

and highly dynamic environments, including international experience. Strong

in finance, accounting, planning and reporting. Effective controllership of

multiple manufacturing plants. Proven ability at identifying and achieving

strategic cost saving initiatives such as plant consolidation and improving

overall cost absorption through contract manufacturing thereby utilizing

excess capacity. Recognized team player that relates and works well with

others at all levels. Demonstrated ability to prioritize and complete

associated projects within deadlines. Expertise in integrated resource

planning systems (ERP), such as SAP, JDE, MS Great Plains, Oracle and

strong skills in computer applications software, problem analysis and

resolution. Sound knowledge of operating procedures and processes.

PROFESSIONAL EXPERIENCE:

ENZON PHARMACEUTICALS INC, Bridgewater, NJ

(Listed on the NASDAQ under "ENZN")

Associate Director Cost Accounting.

2006-2010

. Responsible for all finance and inventory control related to supply

chain throughout the company. Overall responsibilities for insuring

that all inventory policies and procedures are complied with including

SOX responsibilities.

. Preparation of financial statements for this $140M plant.

. Manage month end closings to include accurate recording of sales and

cost of sales, preparing various gross profit schedules by product

line and detailed analyses of inventory reserves.

. Direct interaction with external auditors as it relates to cost

accounting, contract manufacturing, and revenues recognition and

variances analysis.

. Provide analytical support for manufacturing optimization initiatives;

perform cost analyses for contract manufacturing; assist the business

development department in setting the pricing for new proposals.

. Coordinate and direct the development of budgets and forecasts for

submission to the executive VP of Operations. Perform monthly budget

to actual reporting and analysis of key financial and manufacturing

metrics such as spending by cost center, yield and absorption.

. Member of SAP Finance implementation team and Lead for the controlling

module.

. Assisted in the successful consolidation of two manufacturing plants

that increased the gross margin by 8% or $7M.

. Supervise one senior cost accountant.

Manager, Cost Accounting.

2004-2006

. Rolled out the ERP system (Great Plains) to the manufacturing plant to

integrate the shop floor process: developed Bills of materials,

routings and different master data.

. Developed manufacturing budgets and products standard cost.

. Performed analysis of actual versus standard and provided variances

analysis.

. Monitored inventory levels and reviewed established controls

. Prepared the gross margin report by product and manufacturing plant.

. Responsible for the closing of plants month-end financials.

. Developed cost models and various analyses to assist the day to day

decision process.

. Initiated the plants' performance report that provided to the senior

management monthly financial and operating key performance metrics,

trends and comparability between plants.

. Supervised one senior cost accountant.

AMERSHAM BIOSCIENCES, Piscataway, NJ (Acquired by GE Healthcare)

Acting Manufacturing Finance Manager

2002-2003

. Responsible for budgets/forecasts/financial statements/ and analyses

for the reagents business. Coordinate manufacturing month end closing

and served as primary interface for internal and external auditors.

. Supervised one cost accountant.

. Responsible for the preparation, calculation and evaluation of

standard production costs. In charge of variance analysis; consulted

with and advised management of manufacturing variances and operational

efficiencies.

. Managed and reviewed revenue and gross margin analysis for the BU's

manufactured products. Ensured general ledger is fully reconciled to

the Manufacturing Management sub-systems and in compliance with Group

Policy and US GAAP. Reviewed and recommended approval of major capital

expenditures proposals, developed related business cases. Supported

Manufacturing Management with business risk or opportunity proposals.

. Financial representative of a team leading the consolidation of

manufacturing plants to obtain a good leverage of the company's total

assets base. Annual saving was $5m and overall margin increase of 3

percent.

. Upgraded ahead of schedule the ERP system (JDE One World) with full

responsibility of the cost module. Major actions involved developing

scripts in the shop floor and ensuring the interface with the General

ledger system.

. Developed a more accurate standard production cost that resulted in a

more accurate cost structure.

. Supervised the inventory reduction program: the inventory turnover

increased from 2 to 3 in 12 months.

. Directed the process improvement within the manufacturing unit by

focusing on work centers with high labor variance. This action helped

to indentify the problems in the work centers and to improve the

process.

. Assisted acquired company with manufacturing accounting understanding.

Senior Cost Accountant

2001-2002

. In charge of inventory control/reconciliation, corporate cost

accounting reporting and standard cost rollup.

. Ensured correct cycle counting, purchasing, forecasting and approved

inventory management procedures.

. Updated standard costs and analyzed factory absorption and related

variances (PPV, material/labor usage).

. Created journal entries correcting and/or adjusting inventory or work-

in-process as required each period.

. Analyzed bills of materials and routings accuracy; provided management

with reports on factors affecting prices and profitability. Reviewed

inventory for slow-moving or obsolete items to write off.

USA-DETERGENTS, North Brunswick, NJ. (Acquired by Church & Dwight)

2000-2001

Senior Cost Analyst

. Supervised 2 employees: one cost accountant and one inventory

accountant

. Developed budgets, projection, updated standard production cost and

performed variances analyses.

. Prepared and analyzed financial statements; audited monthly journal

entries for incorrect postings.

. Ensured that all recurring P&L transactions for actual spend were

posted or required any adjustment.

. Assisted in the joint venture: this included developing a process for

revenue recognition and accounting for related cost.

. Improved the cost structure, using Oracle by developing a standard

distribution cost by marketing channel.

. Facilitated acquisition process by integrating the assets acquired.

MATHESON TRI-GAS, Parsipany, NJ

1998-2000

Senior Cost Accountant

. Performed gross margin analysis by product, branch and marketing

channel. Supported the sales force with weekly on gross margin,

average price trend and their individual performance versus target.

. Generated, analyzed, reconciled monthly inventory reports. Assisted

with month end closing.

. Maintained fixed assets, CIP expenditure, additions and disposals and

the depreciation allocated to COGS.

. Audited journal entries and A/P coding to ensure P&L accurate

reporting.

. Analyzed variances of actual to budget and compared the period value

added to the amount of overhead.

. Performed intercompany transfer profit and related allocation for

branch's performance evaluation.

. Assisted in the merger of Matheson and Tri-Gas and effectively worked

on the integration of fixed assets, the harmonization of assets life

and the interface of cost management module to the GL.

TOSCO REFINING COMPANY, Linden, NJ

1997-1998

Financial Analyst

. Prepared and consolidated monthly and quarterly P&L for 5 refineries.

. Assisted in the generation of sales flash reports, the annual

budgeting, forecasts and ad-hoc reports.

. Reviewed and analyzed major balance sheet items to assure that

accurate balances are reported from Oracle.

. Assisted in the consolidation of refineries operating data such as

yield, amount of by-products and efficiency.

. Reconciled oil terminals inventories for accurate assessment of write

off for loss during transfer of gas.

JOHN HANCOCK FINANCIAL SERVICES, Manalapan, NJ

1995-1997

Financial Planner

. Developed a substantial client base and applied creative strategies to

market various investment products.

. Implemented financial and retirement plans for individuals as well as

small business pension funds.

. Advised clients in the choice of investment vehicles and guided them

on the types and amount of insurance to protect their family and their

estate, Insurance and NASD licenses

CANE MACHINERY ENGINEERING CO., Thibodeaux, LA

1993-1994

Cost Accountant (Part Time, while in graduate school)

. Created, prepared and maintained job order cost sheets; this includes

budgeted costs by account types.

. Reviewed all materials, labor and overhead posted as job is performed

through different work centers.

. Analyzed accounts with shop floor and planners to assess level of

accrual for the period cost reporting.

. Assisted in the time and motion study in the work centers for the

capacity requirement planning module set up.

Previous experiences as a material manager and budget analyst.

EDUCATION/PROFESSIONAL TRAINING

. Nicholls State University. Thibodeaux, LA

MBA Business Administration (Operations management minor).

. INSAM (Institut national superieur Arts et Metiers) Paris, France

Certificate, Financial Management and International Finance

. PA Conseil Paris France.

Certificate, Managerial Accounting

. University of Yaound School of Economics. Cameroon

BA. Economics and Econometrics

. Pace University NY, NY

Certificate, Computer programming UNIX, C, C+

.

OTHER INTERESTS:

. Sports: Soccer Coach E License; Tennis

. Arts, music.

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