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Manager Accounts Payable

Location:
Allen Park, Michigan, 48101, United States
Posted:
May 31, 2017

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Michael J. Magier, MBA

***** ****** ***** ***** ****, MI 48101

ac0kn8@r.postjobfree.com

(313) ***-****

Education: Wayne State University (May 2009)

Masters of Science in Business Administration

Concentration in Finance

Wayne State University (Dec 1995)

Bachelors of Science in Business Administration

Concentration in Accounting

Experience:

Controller

7/16–Present International Specialty Tube, Detroit, MI 48211

$75 Million privately held tier 1 automotive supplier

Lead month end close and weekly forecast submissions; assure integrity of data prior to submission to corporate management.

Coordinate and direct the preparation of the annual budget, financial forecasts and report variances

Evaluate and implement changes to internal controls.

Develop and manage a team of 3 accountants through coaching, mentoring, & performance evaluations.

Provide management with financial and operational information vital to the decision-making process including revenue streams, costs and margins

Manage the accuracy and productivity of day-to-day activities of accounts payable, cash disbursements, invoicing/billing, customer credits and collections, payroll, perpetual inventory integrity, fixed asset records, general & cost accounting.

Interface with outside audit firms(s), banks and lessors, casualty/liability insurance agent(s), credit card companies, and collection agencies

Key Accomplishments

Coordinated the preparation of 2017 Budget process.

Navigated the company through 3 annual audits by external audit firms.

Managed and reviewed Balance Sheet Reconciliations to assure SOX compliance.

Finance Manager

1/14–7/16 IAC Group, Southfield, MI 48034

$3 Billion privately held tier 1 automotive supplier

Lead month end close and monthly forecast submission; assure integrity of data prior to submission to corporate management; provide support data for various reviews with senior management for 8 IAC Soft Trim plants with revenues of approximately $765 million.

Oversee the submission of accurate and timely annual budgets for 8 IAC Soft Trim plants to corporate management.

Manage a team of 8 Plant Controllers. Train and develop these individuals through coaching, mentoring, & performance evaluations.

Identify new projects and process improvements to incorporate into the IAC Soft Trim Operations to help alleviate the work load taken on by the Plant Controllers.

Interact with Plant Managers & Plant Controllers on a regular basis to understand business issues, forecast variances, process improvements and assist to properly plan for upcoming risks and opportunities.

Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress or identify potential issues against budgets.

Identify, investigate and analyze potential operational improvement. As appropriate, based on findings make proposal for operational changes (policy, procedures, processes, etc.)

Key Accomplishments

In 2015, assisted in driving operational performance in OI to an increase from 12.6% Budgeted to a 14% actual in a trying and uncertain environment.

Current performance garnered a 5% merit award.

Managed and reviewed Balance Sheet Reconciliations to assure SOX compliance for all 8 Soft Trim plants.

Senior Accounting Specialist

5/11–1/14 IAC Group, Southfield, MI 48034

$3 Billion privately held tier 1 automotive supplier

Assisted Director of Finance/Finance Manger in the review of submitted monthly financial statements, assured integrity of the data prior to submission to the corporate offices for 8 IAC plants.

Assisted Director of Finance/Finance Manager in the submission of annual budgets, assured integrity of the data prior to submission to the corporate offices for 8 IAC plants.

Implemented global Capital approval and tracking process for all IAC plants.

Assisted in the development of the Capital budget, reviewed capital projects, and participated in the follow-up assessment.

Lead and advised plants to achieve budget targets and to monitor and analyze deviations.

Monitor and manage all aspects of free cash flow and forecasting, including accounts receivable, accounts payable, and other related areas.

Key Accomplishments

Promoted to Finance Manager due to work performance.

Assisted a team of 8 Plant Controllers through yearend audits with outside auditors - KPMG.

Controller – National Financial Services

8/09–5/11 PulteGroup, Inc., Bloomfield Hills, MI 48304

$2 Billion publicly traded nationwide homebuilder

Lead month end close and house cost budgeting processes for 3 Pulte Divisions with consolidated revenues of approximately $350 million.

Manage a team of 4 individuals. Train and develop these individuals through coaching, mentoring, performance evaluations, and monthly meetings.

Identify new projects and process improvements to incorporate into the National Financial Services to help alleviate the work load taken on by the Divisions

Interact with Divisions on a regular basis to understand business issues, forecast variances, process improvements and to properly plan for upcoming events

Member of the corporate continuous improvement team which implemented 15 new processes across the National Financial Services.

Key Accomplishments

Supervise a team of business analysts which transitioned 6 Pulte divisions to the National Financial Services.

Controller

10/04–1/09 Fisher & Company, Inc., St. Clair Shores, MI 48082

$400M privately held tier 1 automotive supplier

Designed and implemented a forecasting model which improved forecasting accuracy to 97%.

Prepared and maintained annual operating budget.

Created monthly variance analysis reports for executive team used to assist decision making.

Implemented internal control procedures and policies that have improved efficiency and satisfied SAS No.112 requirements.

Developed and implemented new daily cash forecasting process to more accurately reflect short and mid-term cash balances and improve investing opportunities.

Compiled monthly and year end GAAP Financial Statements.

Managed relationships with outside audit firm, insurance company, and financial institution.

Key Accomplishments

Supervised a team of business analysts in areas of Accounts Payable, Accounts Receivable, Payroll, and Financial Analysis

Navigated company through declining automotive market

Designed and implemented procedures/controls in Accounts Receivable to improve Days Sales Outstanding (DSO) from 75 days to 60 days.

Controller/Purchasing Manager

4/03 – 10/04 Chieftain Products, Inc., Owosso, MI 48667

$75M privately held tier 2 automotive supplier

Supervised a team of six business analysts in developing a financial forecast covering sales, expenses, manufacturing activity, cash flow and capital spending.

Developed P&Ls, product margin and cost models, and other decision support tools for two divisions.

Reduced financial closing cycle from twenty + days to eight days, implementing process controls for A/P, A/R, RMA, and G/L ensuring accuracy, consistency, and quality of internal reporting.

Assumed responsibility for resolving outstanding balance sheet items from 2002, including suspense and accruals, and purchase reports on long outstanding orders; established more effective internal controls.

Key Accomplishments

Navigated company through declining automotive market.

Navigated company through a liquidation process to ensure equity members received the most for the company’s assets.

PC Experience: Microsoft Office, Hyperion, Mas90, Trans4m, Great Plains, FRX Report Writer, AS400, SAP, OLAP, SBT, Open Systems Accounting Software, Lawson, Axiom.



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