Financial Six Sigma
Resume:
Daniel M. Eichhorn M.B.A.
***** ******** ( Macomb Township, Michigan 48042-2839 ( Telephone:
Email: ***********@*****.***
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Controller
Specialty Areas Include:
Accurate Financial Reporting(Instituting Internal Financial
Controls(Budgeting & Forecasting(Cost Accounting
Integrity & Ethics(Financial Statement Analysis(Strategic
Planning(Financial Modeling(Fiscal Period Closings
Sarbanes Oxley Implementation & Compliance(Auditing(P&L
Improvements(Competitive Product Costing
MBA (Finance), BS (Business Administration - Finance), A diligent and
experienced Controller with more than 15 years of financial leadership in
developing and directing financial initiatives and strategic/tactical
plans. Delivering a high moral standard of ethics and integrity in accurate
financial reporting, implementing and exceeding cost savings performance
targets and converting corporate intent into action for organizations from
$45.6 million to $587.4 million.
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Career Highlights
> Developed a detailed activity based costing system for a nationwide
distribution company when a major customer was requesting quotes from 11
current suppliers. Consequently, awarded the contract that produced an
estimated $7.2 million in revenue annually, with a 12.5% profit margin,
and kept 4 locations working with more than 20 fulltime employees.
> Launched and directed the financial consolidation of 4 separate
operational facilities into a functioning financial division that
accomplished the following 4 items: 1) Initiated weekly operational and
financial reporting; 2) Standardized monthly reporting; 3) Evaluated
capital expenditure request; and 4) Securitized each locations financial
reporting to produce a timely and accurate divisional report.
> Rectified in less than 3 months, 76 Sarbanes Oxley audit exceptions at
one location with more than $587.4 million in revenues. Completed this
process through evaluating internal controls, implementing new processes,
documenting existing procedures and involving departmental management in
developing workable solutions. Subsequently, efforts proved instrumental
in averting a corporate disclosure of a material weakness.
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Benefit Statement
Possess more than 15 years financial experience with publicly traded
companies, 11 years as a Controller, 2 years as a Senior Auditor, and 5
years as a financial analyst. Experienced Controller of facility with more
than $587mm in Revenue, 13 Direct reports, plus international exposure to
different currency, exchange rates, government regulations and tax
structures.
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Key Areas of Expertise
Creating Investor Value ( Business Process Reengineering ( Cash Forecasting
& Management ( Fixed Asset Valuation Evaluating & Addressing Financial
Performance ( Capital Requisition Evaluation ( Tax Preparation ( Inventory
Control Six Sigma ( Contract Review ( Utilizing Lean Manufacturing
Methodologies ( GAAP & FASB ( Staff Development
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Professional Experience & Accomplishments
Wall Colmonoy Corporation, Madison Heights, Michigan June, 2009 to November,
(Manufactures, repairs aerospace components and produces 2009
Nickel Alloys, with $60 million in revenues) (Left due to reduction in
work)
Corporate Controller - Scope of duties consisted of directing financial
operations and completing tax fillings for 5 operational facilities and the
corporate head quarters. Additionally, originated strategic planning,
accurate break-even analysis, sales forecast, costing, inventory analysis,
percentage complete revenue recognition, and contract review.
> Developed in 4 months new office policies and procedures for each
accounting and administrative function. As a result, payables became
current, receivables were being tacked properly and aging receivables
diminished with a recordable savings of more than $115,000 annually.
Daniel M. Eichhorn
Page Two
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Noble Metal Processing, Warren, Michigan January, 2009 to June, 2009
(A $1 billion laser welding and roll forming (Company filed Chapter 7
automotive metal manufacturer) bankruptcy)
Controller - Managed the operations for a $211.6 million facility that
included performing month-end closing, costing, capital expense, fixed
asset reconciliation, forecasting and physical inventory. Analyzed and
impacted labor costs to increase efficiency and reduce/eliminate excess
resources.
> Entrusted by senior management with developing an ongoing check book
system to manage operational expenses.
Lear Corporation, Fenton/Southfield, Michigan & November, 2002 to December, 2008
Windsor, Ontario (Joined one of the top 5 fastest
(A Fortune 100 global company with $16 billion in growing company in Michigan)
revenues)
Controller (2004-2008) - Charged with directing 13+ employees in providing
plant-wide fiscal accountability, including month end closing in multiple
currencies, developing cost controls, enhancing internal controls, creating
budgets, producing income and free cash flow forecasts, variance analysis,
balance sheet audits, and supporting operating valued at $587.4 MM.
> Designed a departmental expense verification system that reduced expenses
by over 15% compared to the prior years actual and educated managers on
their budget and the purchases that were being approved. This
verification system also achieved success in the following 3 items: 1)
Realized a budgeted savings of more than $430,000; 2) The next fiscal
year not a single department went over their monthly budget; and 3) Total
expenses were $535,400 lower than the prior year.
Senior Auditor (2002-2004) - Successfully lead and administered balance
sheets and income statement audits with income generation of more than
$570,200. Conducted process and procedural audits that yielded gains in
profitably and productivity by defining the most efficient and effective
method for a common practice to be executed by the corporation. Produced,
lead and performed Sarbanes Oxley audits which lead to corporate compliance
of new Federal regulations.
Venture Industries, Clinton Township, Michigan June, 2000 to November, 2002
(A $1 billion automotive interior and exterior (Company filed Chapter 11)
plastics manufacturer)
Lead Controller - Administered a team of 4 plant controllers in providing
accurate and timely fiscal accountability and reporting. Performed month
end closing, divisional consolidation, weekly operational updates, annual
budgets, cost controls, lead contact on audits, and supported existing
operations.
> Determined that once a press was shut down for a tool change that the
employees assigned to that tool change would concentrate on only the
change. There was an average of 23 tool changes a day for 3 shifts, 240
days a year. Adoption of this new procedure achieved an OEE increase of
1.32%, an annual saving of more than $500,000, and improved employee
safety by eliminating multi-tasking when performing a complete tool
change.
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Prior 2000 Professional Experience
Platform Controller July, 1999 to June, 2000
Valeo Engine Cooling, Auburn Hills, Michigan
Senior Financial Analyst August, 1998 to July, 1999
United Technologies Automotive, Detroit, Michigan
Financial Analyst May, 1997 to August, 1998
Comau North America, Auburn Hills, Michigan
Financial Analyst August, 1994 to May, 1997
Invetech Corporation, Detroit, Michigan
Trust Officer March, 1988 to August,
Comerica Bank, Detroit, Michigan 1994
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Education/Certification & Testimonial
Master of Business Administration in Finance, Wayne State University,
Detroit, Michigan, 1994
Bachelor of Science in Business Administration, Major: Finance, Minor:
Business Law, Central Michigan University, 1987
Six Sigma Green Belt Certification, Lear Corporation, 2003
Continuing Education
Striving for Certified Management Accountant, Walsh College, Troy, Michigan
- Anticipated Certification in 2010
Dan has shown immense leadership skills in leading both financial and
operational audits within the corporation. His ability to lead and motive a
team while comprehending the circumstances surrounding an issue is
remarkable. Dan's prior experience has proven invaluable from the remarks,
concepts, and finding brought forth from these reviews.
H. Kipperman, CPA & Senior Director of Internal Audit and Controls
Lear Corporation
Contact this candidate