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Manufacturing Controller abd Cost Professionnal

Madison, Wisconsin, United States
May 27, 2018

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Philip Lake

Madison, WI *****224-***-**** •


Financial Reporting Operational Strategies & Delivery Business Planning

Accomplished Controller with proven track record of leading timely and accurate reporting of all financial information in meeting company management requirements and in accordance with applicable laws, regulations, and accounting procedures. Expertise in preparing summary reports on manufacturing operations business activity and financial results, and leading controls of cost accounting, general accounting, and budgeting functions. Experienced in interpreting statistical and accounting information in appraising profitability, capital expenditures, and performance against budget. Drive collaboration to achieve and surpass objectives.

Key Skills & Competencies

Financial Operations • Financial Planning & Analysis • General & Cost Accounting • Business Planning

Activity-Based Costing • Budgeting & Forecasting • F,P&A • Audit Management • Internal Controls • Training

Innovative Solutions & Improvements • Team Building & Leadership • Project Management • Communication

Professional Experience & Selected Achievements

WEIR MINERALS, Madison, WI 2018 – Present

Senior Financial Analyst (Contractor)

Provide financial reporting and analysis including supplemental supporting processes; develop reports based on defined requirements by stakeholders. Administer development of complex tasks including design of multi-faceted process incorporating databases and reports; maintain accuracy and integrity of supporting database information.

REAL ESTATE INVESTING, Chicago, IL 2014 – 2017

Real Estate Investor and Property Manager

Invested in properties for rental income and for profit selling; conducted research on properties and market conditions. Maintained and managed multiple investment properties; administered bookkeeping, cash flow management, and financial statements preparation. Supervised third party property management and operations.

TEMPEL STEEL COMPANY, Chicago, IL 1994 – 2014

Global Corporate Controller, 2006 – 2014

Led corporate and international Accounting Departments in U.S., China, India, Mexico, Canada, and Europe regions encompassing consolidated, segmented, and Ad-hoc reporting and monthly/annual financial close; supervised 15 team members. Headed startups in India and China operations; hired and developed staff including management, financial, and administration positions. Managed incorporation cost of capital into activity-based costing, capital investment and customer profitability profiles. Collaborated with IT to establish transactions exception line of reporting for internal audit function at China and India locations; conducted training sessions leading financial team in China and India.

Enhanced performance in competitive NAFTA market with $60MM in new business by establishing pricing strategy in both NAFTA and Asia; moved away from tradition of cost-plus to value-based system.

Eliminated repetitiveness and factors with no value by leading several Kaizen projects in Chicago, China, and India across various processes in finance, operation, and marketing; reduced monthly close from 10 to 4 days.

Increased accuracy and timeliness of forecasting along with improved planning and decision-making through institution of perpetual system of sales and profit.

Elevated internal controls in China and India through establishment of SOPs across all material transactions.

Tempel Steel Company, continued…

Established an EBIT Bridge that compares current EBIT to forecast, budget and prior year and distinguishes variances based on customer price, mix and volume.

Optimized customer pricing strategy and capital management by initiating Economic Value-Added reporting/analysis at divisional and corporate levels.

Interim General Manager, 2005 – 2006

Oversaw operations with emphasis on smart hiring, team building, and developing systems and controls around inventory valuation, quotations, production planning, and steel procurement; supervised 5 direct reports with over 120 plant team members. Collaborated with China management team and Shanghai consultants in creating business plan with incorporation of all relevant aspects of marketing, sales, and steel procurement.

Received promotion to Corporate Controller position.

Division Controller, Transformer Division, 1994 – 2005

Served as Director of International Finance, 2004 – 2005

Administered all aspects of divisional and international general ledger accounting, cost accounting, financial reporting/analysis, budgeting, fixed assets, business development/planning, international banking, payroll, and IT; supervised 5 direct reports and managed up to 5 additional team members. Provided divisional financial statements and analysis support; led startup operations in China. Designed budget matrix for developing annual detailed budgets; utilized company-wide. Increased relevancy of information by developing key production and quality measurements; led Oracle ERP implementation project; improved processing time and user friendliness.

Guided over $140MM in business with new and existing customers by designing business plans for Mexico and China operations and other value-added ventures.

Attained $45MM in new revenue and improved margins through development of strategic initiatives for international business expansion; served as Team Leader of Mergers and Acquisitions (due diligence).

Secured over $50MM of new business by outsourcing new customers; developed all analytical models and promotional materials.

Sustained 35% inventory reduction by implementing improved management tools and identifying impact opportunities; served as Project Leader of Inventory Performance Group.

Improved profitability management by initiating Activity-Based Costing/Management/Budgeting; increased understanding of cost drivers, manufacturing, and distribution; implemented company-wide.

Enhanced management process for Department Heads by permitting to tie in financial performance to department productivity through establishment of “balanced scorecard” approach management.

Additional positions:

Division Accountant, Transformer Division at Tempel Steel Company, Libertyville, IL

Corporate Cost Manager at Tempel Steel Company, Chicago, IL

Internal Auditor, North America Operations at Vesuvius LTD, Naperville, IL

Cost Accounting Manager at Desoto Inc., Chicago Heights, IL

Education & Credentials

Master of Business Administration; focus in Finance (Graduated with Distinction)

Keller Graduate School of Management of DeVry University, Downers Grove, IL

Bachelor of Science in Accounting; minor in Business Administration

Illinois State University, Normal, IL


Tempel Steel Company: Financial Analysis • Economic Value Added (EVA) • Activity-Based Costing (ABC)

Computer and Memberships, continued…


Windows Office -Excellent Excel, Word, Power Point


TM1, COGNOs, Citrix, INFOR-Power Link, Optix


Institute of Management Accountants (IMA) • Financial Executives International (FEI)

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