Accounting Sales

Michael J. Lenkay

**** ********* **** ****: ***-882-

2281

Sylvania, Ohio 43560 **********@***.*** Cell 419-356-

2305

SUMMARY OF QUALIFICATONS - Financial Executive with assignments in

manufacturing organizations, expertise in accounting/financial management,

materials management and administration. Experience spans small and large

businesses that serve domestic and international markets, manufacturing

custom signage, automotive components, Piston/turbine engines, and multi-

location production/distribution facilities. Strong skills in AIA

contracting, DOD government contracting/ accounting. Implemented IT systems

solutions on server and mainframe platforms. Excellent leadership skills,

ability to identify organizational needs and solve problems, strategic

thinker with strong focus on operations. Team based, hands on style, highly

organized, possessing the highest level of ethics, integrity and honesty.

EDUCATION BSBA Accounting - 1977, Xavier University; Cincinnati, Ohio

PROFESSIONAL EXPERIENCE

Harmon Sign Toledo, Ohio June 2005 - Present

A leader in the custom sign industry with 2 operations in Ohio/Michigan

serving the Midwest with $13M in revenue.

Corporate Controller - Leadership of all accounting, purchasing, material

control, quoting, IT and administration.

. Implemented disciplined business processes including financial close

cycle reduced to 6 days from 18+ days

. Turned around cash flow by $700k over prior yrs levels by focusing on

billing and collection cycle improvements, reducing inventory and

consolidating the manufacturing operations into 1 site.

. Revamped estimating/quote process for large stadium, project bids to GCs,

formalized pricing foundations systems to reflect fast changing raw

material costs.

. Managing growth as sales revenues at highest in company history.

. $450k in procurement savings by resourcing, competition, alternate

process and outsourcing

Hydro Aluminum Adrian, Adrian, Michigan

1998 - 2005

World leader in precision extrusions and forgings for Tier I automotive

suppliers and residential air conditioning systems with 2 manufacturing

locations in Michigan. A division of Norsk Hydro the 3rd largest global

aluminum company based in Norway.

Vice President Finance/Administration

Responsible for all financial and administrative areas including

accounting, finance, month/year end closings, planning, audits, HR,

pension, benefits, IS/IT, materials management, and purchasing. The

division operated in a decentralized organizational structure with other

Norsk Hydro entities emphasizing people, product and best practice sharing.

Managed staff of 17 direct/indirect reports.

. Doubled EBITDA by lowering the cost structure, focusing investments on

productivity enhancements and reducing working capital.

. Led purchasing project pulling together the purchasing power of US

divisions resulting in $3.5M savings in indirect material costs and best

practice rollout which included a formal supplier development program.

. Returned a related subsidiary to profitability by implementing controls

on spending, manning and revising the product pricing structure.

. Developed objectives and negotiation strategy for renewal UAW union

contract and then negotiated new 5-year contract which accomplished

targets.

. Installed new server based ERP system (Axapta) that linked all processes

from order to shipment.

. Improved the internal controls system and eliminated D+T annual audit

concerns, comments.

. Investment committee board leader that consolidated $120M in 401k/pension

assets for 4,000 US based employees with new provider and updated plans.

. Council and provide advice to the management team.

Teledyne Inc. 1981 - 1998

Progressed through a series of increasingly responsible assignments in

various business units of the Aerospace and Technology segment of the

former conglomerate parent company. This segment was spun off and is listed

now as Teledyne Technologies.

Director of Finance, Teledyne Continental Motors (TCM), Mobile, Alabama

1995-1998

Leading manufacturer for general aviation OEM's and distributors of new and

rebuilt piston engines, replacement parts and batteries with 6 facilities

headquartered in Mobile.

Directed all facets of financial management including general accounting,

cost accounting, financial planning/budgeting, cash management, pricing and

credit functions for the headquarters and 6 manufacturing/distribution

locations. Utilized EVA to measure the company. Led staff of 23

direct/indirect reports.

. Installed PC based invoicing, A/R software including proactive credit

policies for both domestic and international customers reducing credit

days, as well as a simplified process to handle 1M invoices.

. Enhanced inventory control systems to improve book and actual inventory

accuracy resulting in the elimination of historically large book to

physical adjustments

. Implemented new accounting systems after a merger which included revamped

periodic reporting, cash, working capital measurements, budgeting on a

very tight timeline.

. Lead preparation of annual business plan and 3 year strategic planning

including sales, cost reduction strategies, departmental budgets, balance

sheet and cash flow forecasts

. Upgraded and developed staff capabilities and lead the transition of

accounting as a business partner with operating and process teams. Teamed

with materials director to reduce inventories by 15%.

. Priced and negotiated a $20M cooperative agreement with NASA for GAP

program.

Director of Accounting, Teledyne Power Systems (TPS), Mobile, Alabama

1991-1995

A start up company that manufactured turbine generator systems for the USAF

and Army with an initial $200M in awarded contracts.

Established and led accounting team in defense contract accounting, job

costing and general accounting, payables, progress billings, DCAA audits,

payroll, cash, and planning and capital control. Oversaw pricing and

negotiated proposals for indirect cost rates, new production, spares and

engineering cost type programs in compliance with all federal acquisition

regulations and CAS. Led staff of 8.

. Implemented all TPS systems on a PC network using a job/standard cost

hybrid system, created focused reporting that identified key cost drivers

and trend reporting

. Defense spending was curtailed and led the pricing and subsequent

negotiation with the government to end the major contract which resulted

in the closing of the company and generated a $23M closing gain.

Manager, Cost Accounting, Teledyne Continental Motors (TCM), Mobile,

Alabama 1989-1990

Performed cost accounting for all locations using a standard cost system

and initial contract accounting for the turbine generator systems. Managed

the setting of standards, annual inventory, monthly/year end closings,

sales and direct cost budgets, audit coordination, product pricing and

costing.

Supervisor Cost Accounting, Teledyne CAE Toledo, Ohio

1981-1988

Leading supplier to Navy and Air force of both manned and unmanned turbine

engines

Progressed from Cost Analyst to Project Leader and then Supervisor Cost

Accounting. Responsibilities included analyst for selected contracts using

performance measurement systems such as CSSR, CSCSC, CFSR. Performed

monthly company close and prepared full statements, progress billings, led

profit planning cycle, inventory valuation using both standard and job cost

methods, monthly and year end close. Co-leader of team that successfully

installed new IT system (D+B systems) at Toledo, Ohio and Gainesville,

Georgia plant locations.

AP Parts, Tronair, Toledo, OH. Regal Stamping, Kent Moore, Detroit,

Michigan 1977 - 1981

Positions included assignments in both cost and general accounting from

entry level to supervision. Companies were manufacturers of OEM automotive

components and farm tractors.

PROFESSIONAL DEVELOPMENT/AFFILIATIONS -MSU's HR education and training

division, Continual learning on Lean, Supplier Negotiations, Procurement

Law, Financial Excellence, Sarbanes-Oxley, Leadership, EVA. Seminars on

topics such as Govt. pricing, CAS, DCAA audits. Member - IMA, Microsoft

Office, good knowledge of QS9000, TS16949, ISO 14001

Contact this candidate