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Sales Financial

Location:
Hermosa Beach, California, United States
Salary:
200-250
Posted:
August 11, 2018

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Resume:

James C. Salita

Cell: 971-***-****

E-mail: ac6myo@r.postjobfree.com

EXECUTIVE SUMMARY:

VP/CFO with 20+ years of experience in progressive leadership experience of multi-site and single-site organizations both in unregulated and highly regulated industries which include manufacturing, engineering design, Defense Aerospace, and hi-tech. Known for proven results through effective collaboration and partnership with executive leaders. A CPA/MBA with Big 4 public accounting experience who is skilled in the leadership of global financial management, setting company wide operational and strategic financial targets, plant consolidation, pricing negotiations with vendors/customers/operational leases, cash management /working capital improvement, ERP implementation, international business transfer pricing, corporate reporting, banking and sales territory/incentive plans.

PROFESSIONAL EXPERIENCE:

April 2010-June 2018 MEGGITT, PLC ($4B market cap, British Defense & Aerospace company) Power & Motion Business Group: November 2014 – July 2018, Milwaukie, Oregon Vice President, Treasurer and CFO

Financial leadership for ~$500M, 1800+ person FAA/ITAR regulated Defense/Aerospace Business Group, includes Accounting & Treasury team (40+ reports) across multiple sites in Europe, US and Asia

Oversee all financial modeling/forecasts, transactional (IFRS/GAAP) Accounting, strategic planning and annual business planning, external audits and Senior Executive quarterly corporate reviews

Working capital improvement leadership: Inventory turns (1.8x) improvement. Accounts receivable

(DSO 62 to 48) and payables (DPO 64 to 82) resulting in $7.8M freed up cash by leveraging banking programs and customer/supplier relationships.

Development of multiple site Finance & Accounting teams, common tools, reporting, processes and improved efficiency creating a business partner approach improving business results

Created the financial bid engineering design process (“playbook”) for business groups to leverage across all functions); improving efficiency, profitability and decision making business case.

Set target strategic planning business model vs peers, achieved business results in upper quartile in gross profit and operating profit (230 basis improvement) using Danaher tools learned.

Led the expansion of Vietnam plant from 350 to 550 people, new building proposal/build and business model.

OECO, LLC (Meggitt acquired from Danaher Corp in April 2011) April 2010 - November 2014 Vice President, Treasurer and CFO

Financial leadership for ~$90M, 500-person engineering Defense/Aerospace manufacturing company

Consolidated multiple “lean” plants into one location, reducing indirect Manufacturing 35%, improving productivity 72% to 80% removing $5.2M in overhead costs and lowering direct headcount by 10%.

Responsible for all aspects of financial management, cash disbursement/collection/supplier terms.

Oversaw setting of financial annual targets for sales, operating profit and cash flow. Accounting GAAP/IFRS working directly with internal, Government DCMA/DCAA and external auditors.

Led the implementation process for the ERP transition to SAP system,

Established a strong internal control environment and controls

Ensured the efficient and cost-effective facility negotiation on lease with over $1.25M in TI’s.

Pricing adjustments made on selective products that drove over $4.2M in additional sales/margin improving OP (440 basis points).

1994-2011 DANAHER, CORP. / TEKTRONIX

OECO, LLC, Milwaukie Oregon 2010 - 2014 (Danaher company, see details above) CFO/Vice President of Finance

James Salita

Page 2

TEKTRONIX, INC., BEAVERTON, OR (Danaher Company)

Director of Finance, WW Manufacturing Controller and Indirect Procurement (2008-2010) Financial leadership for $60M, 650 person Hi-Tech WW Mfg. Organization, working directly with Manufacturing VP of Global Operations. Indirect Procurement/Contract Management leadership for $80M+ spend. Financial leadership for the successful transition of $700M Manufacturing Plant from Beaverton, Oregon to Shanghai, China. Danaher acquisition financial leader on multiple acquisitions. Director of Finance, WW Service Business Unit (2003-2007) Danaher acquired Tektronix in 2007 Financial leadership for 700 person $950M revenue and $125M expense base direct field/service organization with responsibility for sales, service business and WW credit. Direct partnership role with the WW Senior Sales VP/ VP Regional VP sales/service leadership team on key service business strategy/offering/pricing, territory coverage, commission plans, sales operations, strategic planning, financial reporting and credit issues. International finance team (Japan, Germany and China)

Controller, Corporate Development and Reporting Controller (1998-2002) Financial Leadership for acquisition transaction and valuation, executive management financial models communicated to investor group, cash management investment tools used to support Treasury portfolio strategy with banking partners and quarterly reporting analytics. Company wide projects (stock price analysis, variable cost project working directly with CFO). Mergers and Acquisition financial analysis/leadership. OTHER EXPERIENCES:

ERNST & YOUNG / KENNETH LEVENTHAL & CO, Los Angeles (Acquired by Ernst & Young) Tax/Consulting Real Estate Group Senior Accountant Audit Staff Accountant

EDUCATION:

Masters in Business Administration with a concentration in finance University of Marylhurst, Portland, OR, honors

CPA designation in both California and Oregon

Bachelor of Science with a concentration in Accounting. University of Southern California (USC), Magna Cum Laude, Los Angeles, CA Advisory Board Member: ShedRain Corporation (largest umbrella manufacturer in the US) 2015 - current.



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