Controller Manufacturing/Operations

SCOTT A. MARGERUM

Phone: 610-***-**** Email: *************@*****.***

SUMMARY

Executive with extensive experience in financial and operational planning, cost modeling, scenario analysis, and outputs for executive review and business strategy development. Proven ability to convert large data into useful information and develop predictive models based on the information obtained. Special expertise in creating, implementing, and executing initiatives and actual costs to obtain measurable business results.

PROFESSIONAL EXPERIENCE

Consulting 2017 - Present

Assumed ownership of accounting function at a plant that had recently lost all four accountants during a two-month period. Managed plant accounting operations using Vantage, the plant’s legacy ERP system which was not in use elsewhere within their organization, while simultaneously implementing and configuring portions of a new Oracle ERP. Responsible for Balance Sheet improvement and financial management of both ERP systems during conversion and Go-Live.

Performed a three-day fiscal month end close process.

Performed quarterly internal SOX audits.

Minerals Technologies Inc 2015 – 2017

Division Controller

Responsible for the Performance Materials Division of MTI with annual Net Sales of over $500MM. Partnered with Divisional leads of Operations, SIOP, and Sales to derive monthly forecasts, LE, and AOP for NY office. Coordinate month end close and consolidate the results into monthly bridges.

Created and implemented customer sales forecasting tool to provide better insight into monthly comparison to forecast, PY, and AOP as well as go FW actions on arising trends.

Implemented/Converted to new ERP (Oracle) in NA, preceded by the rest of the regions utilizing lessons learned sharing of best practices in other implementations.

Redesigned divisions accounting structure to ensure SPA and drive accountability with responsibility.

Performed a three-day fiscal month end close process allowing for global commonality of reporting.

Performed quarterly internal SOX audits as well annual external audits.

Ingersoll Rand 2012 – 2015

Division Lead Plant Controller – 8 direct reports

Responsible for four (4) plants with combined annual Net Sales of over $1.5B (over 2,400 employees). Partnered with Divisional VPs, Operations, SIOP, and Sales to accurately forecast, investigate, and drive improved earnings quarter over quarter. Worked directly with all plant employees, from top management to direct labor force, for financial understanding allowing everyone to make the best financial decision daily.

Won two Chairman's awards with the Tyler Plant in 2013 for Op-Ex and Employee Engagement.

Created and implemented models for product and factory product costs resulting in greater efficiency, accuracy, and projected “target costing” by SKU as well as true profitability for new project approvals, while simultaneously correcting old accounting standards (change of over $30MM in costs).

Led the restructuring of an underperforming plant, including new management turnover, solidifying plant financials, and implementing new controls in the factory.

Managed a two-day month end close process each fiscal month.

Performed quarterly internal SOX audits as well annual external audits.

Provided weekly projections to divisional Finance VP for review compared with Budget and LE.

Berry Plastics 2006 – 2012

Regional Plant Controller – 6 direct reports (2008 – 2012)

Responsible for four (4) plants with combined annual Net Sales of over $200MM (over 950 employees). Partnered with Segment VPs, Operations, SIOP, and Corporate functions to accurately forecast, investigate, and drive improved earnings quarter over quarter.

Team member for the transition of Chicago plant losing its single largest customer; successfully assisted the back-fill a new customer and project pipeline, eliminating the need for potential layoffs or restructurings.

Lead Finance expert for the Catering Division including all pricing and sales decisions and total P&L.

Created and implemented an ABC model for product and factory costs resulting in greater efficiency and projected “target costing” by product, as well as true SKU profitability.

Provided weekly projections to divisional Finance VP for review compared with Budget and LE.

Lead Finance – FP&A (2006 – 2008)

Responsible for managing total company and all seven (7) business segments forecasts including revenue, product mix, all expense items, and EBITDA monthly.

Member of company’s Institutional Business Team assembled to review and drive $5MM of profitability - Items of focus were SKU costing and profitability, Business Rules, Operational performance, and Parent/Child combinations.

Responsible for total company forecasts horizontally and vertically.

Created and distributed a weekly business pulse letter & a weekly R&O (known change to forecast).

ADVO, Inc. 2004 – 2006

Finance Manager Operations (FP&A Ops)

Partnered with branch owners to help manage total costs, budgets, forecasts, variances, and recovery plans in all twenty (20) branches.

Designed projects to reduce operational costs, and managed total branch forecasts including revenue, product mix, all expense items, and OI for seven (7) branches.

Partnered with Branch Directors and their direct reports to accurately forecast, investigate, and drive operational efficiencies and savings quarter over quarter.

Project lead on a $5.5MM capability expansion to homogenize branch equipment.

Created, reviewed, and presented all seven (7) factory budgets vs. actual expenses and rolling forecasts.

AGERE SYSTEMS (Lucent Technologies IPO Spin-Off) 1995 – 2003

Manager – Business Unit Sale & Transition Team, Agere Opto to TriQuint (2002 – 2003)

Managed all financial, project management, and operational decisions for five (5) teams responsible for the technology & product line transfers from Agere Systems to TriQuint Semi due to business unit sale.

Ran studies and prepared other collateral material presented to potential buyers.

Division sold for $40MM with 300 – 400 jobs saved in process.

Manager – Metrics & Methodology Group (2001 – 2003)

Managed the organization responsible for all aspects of the assembly & test factories costs (12 factories in 7 different locations) through analytical and operational analysis. Reported to the EVP of Assembly & Test Operations with a dotted line to the CFO.

Provided monthly financial forecasts (labor, overhead, and material budgets, deltas, and current views) for all US assembly & test factories.

Responsible for studying, implementing, reporting, and analyzing consistent metrics for all package factories to provide easy and fair factory performances for monthly EVP Operations Review. Projected savings of $53.4MM (annually) resulting from the following accomplishments:

oCreated and implemented an ABC model for product/factory costs resulting in greater efficiency and projected “target costing” by product.

oDeveloped and verified a fully utilized business margin model (SBU, factory, and product margins).

Special Projects / Assembly & Test Operations Manager (2000 – 2001)

Reported directly to non-automated manufacturing director (with a dotted to the three SUB CFO’s) with responsibility to help manage the seven non-automated assembly & test factories in all regards to cost and future.

Projected savings of $26.3MM (annually)

Manager - Fiber Amplifier Multi-Site Manufacturing (2000 – 2001)

Coordinated and led the Fiber Amplifier manufacturing outsourcing team. Monitored the outsourcing of three non-core processes to outside factories with project schedules, monitored progress, and assessed all deltas to plan for impact on overall manufacturing and revenue realization.

Projected revenue gain of ~$250MM

Manufacturing Planning & Analysis Team – FP&A Ops (1997 – 2000)

Marketing Communications Associate Planner (1996 – 1997)

Customer Service Representative (1995 – 1996)

EDUCATION

MBA, Lehigh University, Bethlehem, PA - 2002

BS, Finance, Lehigh University, Bethlehem, PA - 1996

TECHNICAL SKILLS

Expert in MS Excel, MS PowerPoint, JDE, & Hyperion Software Packages

Proficient in Word, Access, Peoplesoft, Business Objects, Visual Basic, Oracle suite, & SAP

PATENT

Worldwide Online Capital Approval System – 2001

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