Sales Manager
Resume:
W. Michael Moles
Bethel, CT ***01
*******@*****.***
Objective Seeking a senior finance position with a dynamic company in
which to utilize my leadership, technical, and organizational
skills and to add value to the organization. Use my Six Sigma
and Lean experience to complete projects to reduce waste and
improve efficiencies throughout the entire company.
Experience 2008-present Metallized Carbon Corporation Ossining, NY
Chief Financial Officer
CFO responsible for finance and IT functions for manufacturing
facilities in Ossining, NY, Singapore and Mexico City with
combined sales of $20M. On the board of directors for the
company in Singapore with responsibility for strategic direction
of the company's expansion in the Asian markets.
Responsible for Accounting (Financial Reporting, A/P, A/R, Cost
Accounting, Budgeting and Treasury), and Information Technology
with 5 reports.
Monthly financial reporting to the Board of Directors.
Re-vamped financial reporting to the Board of Directors to
include streamlined package to concentrate on metrics to better
run the global business.
First year verified cost cutting activities including changing
payroll service providers ($9k savings per year), changing 401k
Administrator ($10k savings per year), Lighting retrofit project
($41k savings per year).
Negotiated and set up a joint venture in Singapore, developed a
manufacturing and sales office to expand Asian sales with low
cost manufacturing. Worked with legal counsel in Singapore to
draft agreements, incorporation filings and trademarks in
Singapore, Malaysia, the Philippines and Indonesia. Integrated
the business into corporates existing systems and processes.
Hired three controllers (Ossining, Singapore and Mexico), with
new finance team in place successfully met all deadlines for
financial reporting and tax preparation.
Upgraded ERP software to enhance functionality and enable
integration of global operations.
Union negotiations to control costs while satisfying union
employees.
Negotiated health insurance plan to maintain costs while
increasing benefits.
2002-2008 Barden Corp/Schaeffler Group Danbury, CT
Corporate Controller
Controller responsibilities for plants in Danbury and Winsted,
CT with combined sales of $80M.
Responsible for Accounting (Financial Reporting, A/P, A/R, Cost
Accounting, Budgeting), Human Resources, Information Technology
and Purchasing with 5 direct and 10 indirect reports.
3 month assignment in Germany April - June 2006 as Business Unit
Controller for the Aerospace Division
Monthly Operations results review and presentation to senior
executive management.
Monthly cost center review with managers to control and reduce
overhead costs.
Monthly review of vendor spending to develop strategies and
track results to meet annual savings goals.
Proactively managed Credit and Collections to drive DSO down
from 48 days to 40 days improving cash flow and the bottom line.
Managed inventory reduction team bringing inventory down from
$20M to $18.5M by reducing lead times, converting obsolete and
slow moving inventory into saleable inventory and developing
consigned inventory programs with suppliers.
Drove financial improvements with a 5% or an $800k reduction in
labor, material and overhead costs with an 11% improvement in
sales.
Implemented process improvements in expense reporting, petty
cash and in A/P enabling a reduction of one Accounting Clerk
saving $44k per year.
Outsourced invoice printing and mailing as well as the cash
posting process enabling a reduction of one A/R clerk with an
annual savings of $40k per year.
Implemented document imaging and electronic government invoicing
with additional savings objectives as a goal.
Developed a sales database in MS Access with SAP downloads for
local plants to be combined with other business unit companies
to manage sales worldwide on a product line and customer branch
level.
1997-2002 PerkinElmer Shelton, CT
Global Operations Finance Manager
Responsible for financial reporting and analysis for three
manufacturing sites in Singapore, the U.K. and Shelton, CT. and
two distribution facilities in Holland and in Shelton, CT.
Annual budget of over $40 million in annual expenses. Supervise
one Financial Analyst and one Cost Accountant.
Consolidate and report monthly Operations results to ensure
commitment to plan and to highlight key performance metrics.
Implemented key metrics and review process to drive material
savings of $5.4 million.
Developed field demonstration and service inventory tracking
which resulted in a $1.6 million inventory reduction.
Completed a rigorous review of operations costs as part of the
2002 planning process resulting in a $6.0 million or 12.5%
reduction in planned costs.
Completed product line rationalization analysis to move
production to low cost manufacturing facility in Singapore,
annual savings of over $5M to be realized
Financial Analysis on Global Logistics project to re-design
process to better meet customer demand at a lower cost, annual
savings of over $1M to be realized
Detailed financial analysis of manufacturing sites to
rationalize worldwide production capacity resulted in the
shutdown of the German manufacturing facility to reduce costs
and become more competitive, annual savings of over $2M.
Review and validation of all Six Sigma projects resulting in
first year savings of over $1 million.
Lean Manufacturing implementation finance lead, estimated
savings of over $1M due to space, inventory and production hour
reductions.
Savings of $175k in first Greenbelt project to reduce aged WIP
inventory, implemented process improvements to maintain minimal
levels.
Six Sigma project to fix sales tax application process,
implemented system re-configuration within SAP and Taxware,
developed process improvements in Customer Master, Sales Admin
and the Tax department.
Implemented standard costing system in SAP, responsible for
annual review and development of standard costs
- Career progression; Cost Accountant 2/97 - 5/98, Supervisor
Cost Accounting 5/98 - 1/2000, Plant Controller 1/2000 - 6/2001,
Global Operations Finance Manager 6/2001 - 7/2002
1995-1996 Loudon Plastics Latham, NY
Plant Accountant/Materials Manager
Responsible for all production accounting for plants in Latham
and Atlanta and materials management for plant in Latham.
Supervised one data entry clerk.
Created reporting tool in manufacturing system (JBA) to analyze
material requirements resulting in reduced inventory shortages
and production downtime.
Upgraded systems and re-designed reports for materials planning
and plant accounting to improve accuracy and efficiencies.
Developed metrics on production rework and scrap to identify
root causes and initiate improvements to reduce cost of poor
quality.
ISO9001 auditor, review of processes across company to ensure
compliance and to improve quality.
1990-1995 Kidder Peabody & Co. New York, NY
Accountant
Responsible for financial reporting to regulatory agencies (SEC,
NYSE) and internal customers to ensure compliance and to verify
that appropriate risk management measures are in place.
Progressed from Jr. Accountant to Sr. Accountant.
Monthly financial review of balance sheet and P&L to ensure
accuracy and explain variances prior to reporting results to
regulatory agencies.
Completed weekly calculation of Net Capital Requirements to
ensure adequate capital to cover customer positions.
New venture analysis to summarize net capital impact of new
products
* Attended graduate school full-time from 8/88 to 12/90
1987-1988 NY Life Insurance Co. New York, NY
Service Analyst
Provided support for field agents in problem resolution
In depth review of Service department procedures and policies
resulted in more efficient work flow and reduced lead time for
problem resolution
Education 1988-1994 Baruch College New York, NY
MBA Finance and Investments
1983-1987 SUNY Oneonta Oneonta, NY
BS Business Economics
Skills Microsoft Office - Excel, Word, Access and PowerPoint. SAP,
Hyperion, Windows Server 2003, MS Exchange 2003, Vantage by
Epicor, Quickbooks, MAC OS, MS Office for MAC, ADP and Ceridian
Payroll
Six Sigma Greenbelt Certified, Lean Manufacturing experience
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