Joseph P. McKenna

** *** **** *****

Canfield, OH 44406

Phone: 330-***-****

e-mail: abl46s@r.postjobfree.com

Profile:

Experienced Treasury Executive, highly skilled in the areas of cash

management, forecasting, banking, loan compliance, currency FX, AR, AP

Cash Apps. management. Motivated decision maker with record of

successful results and increasing responsibilities thru a career of

Company acquisitions, divestitures, sales and economic challenges.

Team building manager of 12 providing a full service Treasury function

for a $1MM multinational and multi facility corporation.

Experience:

JM Consulting - October 2009 - Present

Consultant in all areas of working capital management including

Treasury, Credit, Vendor Management and Banking.

V.P. Treasury / Cash Management - Indalex Holding Corp. Girard, OH:

2004 - Sept. 2009.

Treasury Executive responsible for global cash management.

Designed and implemented a 13 week cash forecasting model.

. Meet with Lead Team (CEO, CFO, VP. Operations and Sales) weekly

to review forecasting models and ensure accuracy. Prepare and

review weekly sources and uses of cash vs forecast, detail

variances to improve forecasting.

. Analyze daily cash position and direct movements to meet needs.

. Review currency hedging positions and initiate actions to

minimize exposures in accordance with Company methodology.

. Approve, sign and submit monthly, weekly and daily Borrowing

Base Certificates to ABL Banking Group.

. Company point of contact for all banking relationships. Reviewed

banking relationships and consolidated positions to maximize

cash and minimize interest expense. Eliminated redundant

accounts to centralize balances and simplify reporting.

. Point of contact for all creditor relationships including

reporting agencies, lenders and trade credit vendors.

. Manager for all Letters of Credit. Diligently reviewed with

provider resulting in a 25% reduction in L/C amount.

. Daily Cash Management of short and long term debt including

revolver and bond maintenance. Realigned lockbox service to

improve deposit services resulting in 1 day reduction in DSO.

Negotiated e- payment arrangements with key customers to improve

cash flow and customer relationships.

. Chairman of the Working Capital Committee meeting weekly to

review customer and vendors issues in the areas of credit,

accounts payable, disputes and terms. Committee member of a

Team which designed a dispute resolution module which reduced

problem items by 50% over a 6 month period.

. Signer for SOX testing to ensure all Cash Management Depts. are

compliant with policy.

. Orchestrated and executed the relocation of the Cash Management

Dept. from Illinois to Ohio resulting in a 40% cost savings

without any interruption of service.

Director of Credit and Cash Management - Indalex Inc. Bannockburn, IL:

2000 - 2004

. Director of cash flow for a $1MM multinational company reporting to

the CFO.

. Led the consolidation and centralization of all Cash Management Depts.

(AR, AP, and Cash Apps. Banking and Financial Reporting) into one

office resulting in improved reporting and cost reductions.

. Thru team lead meetings with Customers, Sales and Credit reduced

customer DSO (Days Sales Outstanding by 10 days improving cash flow by

$10M.Managed the Company's cash requirements through 2 acquisitions

involving the negotiation and implementation of banking arrangements

to accommodate rapidly expanding cash requirements.

. Developed and incorporated into a monthly management report a

benchmarking template for Cash Management detailing DSO, DPO,

Disputes, Customer issues and staff compared to 2 leading reporting

agencies. Hands on supervision of a $125M+ A/R portfolio comprised of

a 4,000 customer base, while continuing to outperform the industry

averages in all areas of reporting.

. Analyzed the Accounts Payable function to improve dept. effectiveness

in processing and payment thru implementation of 3rd party processing

and e-payment resulting in a 50% cost reduction.

. Provided Procurement Depts. with research information on potential

suppliers and assisted in contract negotiations ensuring best possible

service, pricing and terms to the Company.

. Leader in the Company's budgeting process by providing A/R

projections, bad debt accrual budgets and cash flow forecasts.

. Quarterly and annual reviews with the Company's auditors to

ensure complete and accurate reporting.

. Created and managed the Company's first Credit Dept.

. Prepared a policy manual establishing procedures and authority levels

which became the model for other Dept. manuals.

. Consistently delivered better than industry results in DSO, and bad

debt losses.

. Authored a Company policy to calculate a reserve for doubtful accounts

which was approved and modeled with other clients by the firms outside

auditors.

. Insisted that effective committee reviews include Senior

management participation and sign off consisting of Sales,

Finance and Operations to ensure best possible results.

. Frequently visit key and problem customers to promote the sales effort

along with evaluating risk and opportunities to improve profitability.

. Worked closely with internal and external customers to ensure customer

satisfaction and expand market share.

. Full responsibility for hiring, educating and supervising staff

members.

. Manager of the Company's cash position and prepared loan

document support to the Company's lenders to ensure integrity

and compliance with all loan covenants. Handled all investments

of excess cash balances in accordance with Company policy to

maximize returns.

Credit Manager - Easco, Inc. Girard, OH 1983 - 1999

. Review, investigate and approve credit applications for new

customers.

. Review with Sales and resolve payment / disputes relating to

customers.

. Supervise staff regarding collection issues.

Budget Accountant - Easco Corporation Girard, OH 1979-1983

. Prepare consolidating budgets for six plants.

Education:

Youngstown State University

Bachelor of Science in Business Administration

Major: Accounting Minor: Economics / Finance

Affiliations:

Member - NACM (National Association of Credit Management).

Treasurer, Mahoning Valley Ulster Project - Non profit

International Youth Peace Project

Civil Service Commissioner

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