Sales Accounts Payable
Resume:
Timothy P. Hopman, CPA ***** Huron Drive Clinton Township,
Michigan 48038
Home: 586-***-**** Cellular:
E-Mail: *******@************.***
Delivering valuable business savvy and Areas of Skill & Expertise
strong communications skills facilitating Profit & Loss Administration Budget
high growth initiatives. Management
Excellent technical and strategic acumen Long-term Planning Key Performance
utilized to assist companies meet Indicators (KPI)
organizational and financial goals. Financial Administration Commodity
Readily assumes responsibility and Hedging (Currency)
overcomes challenging goals via Inventory Management Expense Control
outstanding troubleshooting, analytical Cost Review
and problem-solving skills. Staff Training Staff Development
Policy Development
Procedure Development
Internal/External Auditing
Performance Evaluations
Recruiting/Staffing
Career History Leadership Achievements
Inalfa Roof Systems, Inc. ... Auburn Hills, Michigan October 1996 to
March 2010
Privately held international tier one automotive supplier of sunroofs
(headquartered in Netherlands); global revenue approximates $500 million
with 40% generated in US; operations supported by 500-600 associates in US
plant. Notable clients include General Motors, Chrysler, Ford, Mitsubishi,
Nissan, Volkswagen and BMW.
Controller/CFO
Administered financial operations during high growth period for company;
included contribution to profit and loss performance of entire US finance
division. Oversaw and ensured performance of up to 8 direct reports
responsible for accounts payable, billing and collections, general ledger,
cost accounting and analysis.
Scope of responsibilities included capital/operating budgets, financial
reporting (4 plants), tax reporting. NAFTA/ALLA reporting, accruals, risk
management and benefits (executive pension committee member) as well as
auditing of inventory stock counts, accuracy of inventory valuations
(materials, labor, freight & duty, overhead) and commissions.
. Coordinated financial package (provided to headquarters) using both US
GAAP and IFRS accounting standards; included profit and loss
statements, balance sheet, statement of cash flow, detailed expense
analysis of sales, direct costs (cost of sales), overhead/indirect
costs, SG&A costs, R&D/development costs; developed executive analysis
addressing large variances and detailed forecast (including 13-week
cash forecast). Nominated to Board of Directors as Secretary for 2
legal entities.
. Facilitated significant growth in revenue (from $120 million to $225
million over 8 years) via delivery of accurate and timely data to sales
group. Led in development of template utilized for quoting new work
(enabling net income increase after tax from 1% to 3.5%).
. Recognized for guiding significant cost savings via vast array of
suggestions. Savings and methods:
o $200,000 (over 2-3 year period): Implemented purchasing cards
throughout all areas; portion of savings realized via rebates
negotiated with card provider. $500,000: Developed self-insured
workers' compensation program. $200,000 - $500,000 (annually):
Efficient and effective foreign currency hedging. $100,000+
(annually): Facilitated several efficiencies, avoided hiring and
replacement of personnel.
o Spearheaded negotiations facilitating savings (cost avoidance) on
several major contracts including NAFTA/ALLA consultants, insurance
providers, telephone providers, and building/equipment leases.
. Conducted internal audit process and review resulting in discovery of
personal property tax errors from external outside tax preparers;
secured $100,000 refund from City of Auburn Hills subsequent to action
in tax tribunal court.
. Reduced 90+ day receivable total balance from 20% to 5% of total
receivables outstanding; included balance outstanding approximating $25
million (45 day term). Avoided losses despite 2 major customer
bankruptcies.
. Contributed to purchase of local supplier (metal stamping) as well as
assisted with due diligence as majority ownership in company sold to
investment company.
. Reduced month-end closing cycle from 25 to 3 days; elevated finance
department to fundamental part of organization; enabled through
movement of deadlines, cross training staff and empowering associates.
. Participated in 2 successful 18-month implementations of fully
integrated (ERP/ERM) systems ultimately leading to significant
improvements in both accuracy and efficiencies.
o Led implementation of electronic expense reporting system (Concur)
enabling users nationwide and worldwide to record expenses, scan
receipts and electronically forward reports for approval; solution
also used for administration of purchasing card program.
. Served as primary point of contact for annual external audit (conducted
by Plante & Moran and Ernst & Young) as well as during several IRS,
State of Michigan and municipal property tax audits.
o Assisted with internal audits of sister companies and provided
several improvement recommendations (including appropriate responses
to senior management contributions).
. Successfully opened 2 manufacturing plants in addition to logistical
warehouse and new engineering/technical facility. Also contributed to
selection process for international (Mexico) plant scheduled for
opening in late 2010. Additional background supporting plant closing.
. Developed financial supplier reviews with frequent analysis of key
suppliers; program resulted in transfer of production from 2 suppliers
prior to subsequent bankruptcies.
John M. Olson Co St. Clair Shores, Michigan January 1995 to October
1996
Assistant Controller
Supervised financial staff ($100 million general contractor); responsible
for billings and collections, union payroll and fringe benefit reporting,
general ledger reconciliations and journal entries, audits by CPA
personnel, and supervision of accounts payable staff; developed financial
and special management reports and implemented/maintained LAN.
Display Producers, Inc Detroit, Michigan November 1991 to January
1995
Controller
Oversaw financial staff ($3 million company) with accountability for
accounts payable and receivable, general ledger, job costing, account
reconciliations, payroll and payroll taxes, fixed assets, and audits by
bank/CPA; developed sales forecasts, budgets and analyses, and maintained
LAN. Experienced using percentage of completion revenue method.
Webasto Sunroofs, Inc Rochester Hills, Michigan June 1989 to
October 1991
Financial Analyst/Accounting Manager
Park Metal Products ... Detroit, Michigan May 1988 to May 1989
General Accountant
Price Waterhouse ... Detroit, Michigan September 1986 to May 1988
Audit Staff/In-Charge Accountant - General Audit Department
Education & Professional Development
University of Detroit, College of Business and Administration ... Detroit,
Michigan
Bachelor of Science, Accounting (GPA 3.7/4.0)
CMA/CFMA Review courses in preparation for sitting for CMA exam
CPA Certification
Technical Skills
Baan CMS (AS 400) ManMan Solomon Timberline Advanced Revelation
Microsoft Office
Honors Activities Organizations
AICPA MACPA Institute of Management Accountants (IMA)
Financial Executives International (FEI) Original Equipment Suppliers
Association (OESA) CFO Council
CFO Controller Director of Finance VP of Finance
Accounting and Finance Executive Providing Expertise Directing Initiatives
& Objectives in Diverse Environments
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