Management Manager

EDWARD STANEL

* ******** *****, **********, *** Jersey 07054

• 973-***-**** • ac0lx0@r.postjobfree.com •

RESULTS ORIENTED FINANCE EXECUTIVE

A highly accomplished financial professional with verifiable results in all aspects of domestic and international accounting and financial management. Demonstrated hands-on management style in the development and implementation of strategic plans to ensure company growth. Effective in managing multiple projects efficiently while meeting tight deadline schedules. Proven results in providing administrative, managerial and operational guidance.

Management Accounting

GAAP / IFSA Policy & Procedures

Policy Development / Implementation

AP/AR & Payroll Management

Management Recruiting / Hiring / Mentoring

Financial Analysis / Planning

Long Term Growth Strategies

Large Scale Budget Preparation / Administration

Best Practices / Kaizen / JIT

Taxation / Credit & Collections

ILLINOIS TOOL WORKS, INC., Glenview, Illinois 2005 to 2014

A diversified Fortune 200 company with over $17 billion revenue and approximately 850 decentralized business units globally in key business sectors including: transportation, industrial packaging, construction products, polymers/fluids, food equipment, decorative surfaces, power systems and electronics.

Division Controller, ITW Thielex, Somerset, New Jersey: 2005 to 2014

Reported to the General Manager, with responsibility for the operations and financial management of 4 distinct business units. Implemented strategic initiatives for long term growth and transformation, and coordinated daily activities while ensuring financial strength and operating efficiency.

Managed the operations and financial activities of the business units in Valetta, Malta; Casablanca, Morocco; Somerset, New Jersey; and a subsidiary in Malaysia with a combined $60 million manufacturing, injection molding, thermoforming and royalty income.

Developed and implemented plans for the operational infrastructure of systems, processes and personnel designed to accommodate the rapid growth objectives of the organization which resulted in $360k of annual savings in Direct Labor.

Established priorities, defined performance standards, implemented best practices to achieve long term goals.

-Transitioned the operation out of the Main Material of Virgin PVC to Regrind PVC, resulting in savings of $2.4 million per year.

Worked with the management team to identify, develop, measure, and maintain key financial metrics.

Recommended and managed the development of tools and systems to provide critical financial and operational information to the organization.

-Tool Department outsourcing resulted in annual savings of $200k.

Promoted a culture of high performance.

-Established and monitored team performance toward weekly KPI’s, and continually promoted team excellence, ownership, and accountability.

Ensured timely and accurate preparation of monthly and annual financial statements and related management reports.

Oversaw budgeting and implementation, monitored progress and presented financial metrics internally and externally.

Directed long term budgetary planning and costs management in alignment with strategic plan.

Managed production cost accounting system, reviewed standard cost of labor, material freight and overhead on an ongoing basis to ensure accuracy.

Motivated and led a high performance management team of Administrative, HR, Plant Operations, Purchasing and IT professionals.

Recruited, hired and retained highly talented managers and staff in all departments.

Fostered a success-oriented, accountable environment within the company.

Extensive and Exciting International travel resulting in a diversified approach to dealing with many different Personnel, Governments, and other Regulatory Agencies within each respective Country.

Corporate Controller, Amano Corporation, Roseland, New Jersey: 1997 to 2005

Reported to the President, with complete responsibility for the financial operation of the domestic, international and affiliated companies, budget preparation and administration, inventory control, audit, taxation, accounting, monthly closings, account reconciliation, and journal entry adjustments. Managed a staff of 7.

Reversed history of company losses, delivering $9.3 million in profits over 6 years.

Successfully increased margins to a record $4,089,000 profit.

Developed policies and controls reducing overhead expenses by 11% in one year.

Purchased and implemented a full ERP/MRP financial/manufacturing system.

Increased to 95% accuracy in the inventory control department.

Prepared the $50 million budget plan over 6 states and 2 manufacturing plants.

As Trustee, grew 401(k) plans by $5.7 million over 6 years.

Increased balance sheet cash position by $5.2 million.

Reduced long term loans by $4.9 million.

Implemented an analysis plan used for both strategic and tactical measures.

Acquired 2 companies in Georgia and Missouri for long term strategic plans. Appointed as board member of newly acquired companies.

Handled numerous foreign currency exchange gains and losses.

Along with external auditors, handled the deferred, federal and state tax strategies.

FLW, (Formerly Wallace & Tiernan, Inc.), Belleville, New Jersey 1993 to 1997

A privately owned company, specializing in the sale of industrial physical measurement, control and calibration products.

Cost & Budgets Manager:

Responsible for overseeing cost accounting, AR, and payroll, and preparing the standard unit costs for over 40,000 parts & finished goods in inventory. Managed a staff of 6 reporting to the Controller.

Reduced time to close monthly financial statements by 51%.

Conducted weekly cycle counts and worked with inventory control on enhancements.

Responsible for preparation and analysis reporting on all operating expenses.

Reviewed all annual 1099’s and W-9 legal filing documents.

ADDITIONAL WORK EXPERIENCE

OHAUS SCALE CORPORATION, East Hanover, New Jersey

Costs & Budgets Supervisor

EDUCATION

B.A., Accounting, Fairleigh Dickinson University, Teaneck, New Jersey

LICENSES/CERTIFICATIONS

Certified Management Accountant – In Process

TECHNICAL SKILLS

ERP, MRP, Hyperion, ADP Payroll, Ceridian Payroll

MEMBERSHIPS/AFFILIATIONS

Institute of Management Accountants, North Jersey Chapter

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