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Corporate Finance

Location:
Davenport, Florida, United States
Posted:
November 02, 2018

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Resume:

JAY A. HLAVAY

Champions Gate, FL *****

ac7k1p@r.postjobfree.com 813-***-**** linkedin.com/in/jay-hlavay

CORPORATE FINANCE EXECUTIVE

WITH OPERATIONAL & STRATEGIC SUCCESS

Corporate finance leader with an MBA and more than 15 years of experience leading organizations through numerous critical strategic, operational and financial initiatives. This includes the working capital improvement of $270M over 4 years for Ahold Delhaize and providing the financial leadership during the rebranding for Sweetbay Supermarkets that culminated with a capital investment of $200M for the conversion of 94 stores over 4 years plus overseeing the construction of 20 new stores. Additional projects include the benchmarking project that realized annual savings of $12M and the effort to centralize the supply chain organization to achieve expense and cost-of-goods savings.

The key leadership skills that drove these results include team-building across cross functional disciplines, the ability to quickly recognize and develop detailed solutions to business trends, and specializing in the development of a highly effective and technically proficient staff that business partners lean into for insights to their operations. Comprehensive experience in retail and supply chain operations, specializing in delivering highly effective:

Strategic Planning Results Budgeting & Forecasting Accuracy Working Capital Improvement

KPI & Metric Reporting Mergers & Acquisitions Analysis Optimized Cost Controls

Teambuilding Associate Development Champion

PROFESSIONAL EXPERIENCE

RETAIL BUSINESS SERVICES, Subsidiary of Ahold Delhaize USA, Salisbury, NC

Director of Finance Feb 2013 – May 2018

Lead finance officer of supply chain organization for $17B+ revenue, 1,200+ store grocery retailer located in the eastern United States operating under the Food Lion and Hannaford banners. Supported accurate operational and capital financial planning process for warehouse, transportation, and logistics operations encompassing 9 distribution centers. Oversaw all aspects of financial planning and analysis, including budgeting and forecasting, reporting of operational results, and strategic and financial analysis for supply chain organization. Utilized Hyperion Planning for financial reporting and projections.

Achieved $270M improvement over 4 years leading the working capital initiative that required cross functional team building across the company, including retail and warehouse operations and accounting and category teams.

Led the financial oversight for the centralization of the Ahold Delhaize supply chain organization, resulting in internal cost efficiencies as well as cost-of-goods improvements from vendors related to product synergies.

Reduced annual product recovery expenses by 25%, from $100M down to $75M, through efforts that required cross functional support from the internal retail, category and accounting functions as well as support from product vendors.

Eliminated Private Brands brokers with corresponding $35M cost of goods improvement that allowed for expansion of the internal Private Brands department to support the transition.

Provided concise and effective KPI and metric reporting for all aspects of the supply chain organization, identifying and reacting to trends affecting business for retail and supply chain support.

Led initiative that reduced warehouse and retail inventory levels in support of working capital targets by establishing weekly and month-end reporting to various end-users throughout organization.

Contributed work to develop “Supply Chain of the Future” strategy, incorporating effective distribution organization that supports bricks and mortar and e-commerce businesses.

JAY A. HLAVAY ac7k1p@r.postjobfree.com PAGE 2

SWEETBAY SUPERMARKET, Subsidiary of Ahold Delhaize USA, Tampa, FL

Director of Finance and Accounting Dec 2003 – Jan 2013

Lead finance and accounting officer for $1.3B+ revenue, 105-store supermarket chain located in Florida. Oversaw all aspects of financial planning and analysis, which included budgeting / forecasting, month-end P&L analysis, NPV/IRR cash flow analysis, ad hoc reporting, and accounting functions (financial reporting, ledger accounts, and audit activities). Utilized Hyperion Planning for financial reporting and projections.

Integral member of senior management team that provided leadership for complete conversion of Kash n’ Karry banner (94 stores) to Sweetbay banner over 4 years and built 20 new Sweetbay flagship stores with combined capital budget in excess of $330M through year-end 2011.

Led benchmarking program in retail operations and corporate overhead, reducing controllable expenses in 2008 by $4M, with incremental $8M savings in 2009. Improved company shrink by $5M through similar efforts.

Focused on 2012 cost savings measures, realizing cost reductions in excess of $10M as team leader for the parent company (Delhaize America).

Championed initiative in 2009, lowering working capital more than $8M by year-end and improving oversight of risk management process that reduced ongoing expenses.

Developed strategic initiatives for future company success, redirecting resources to core markets, which led to closing 34 stores in non-core markets in 2004 and 7 stores in 2009.

Served as member of Real Estate Committee, reviewing and approving new stores and making recommendations for store remodels, expansions, closures, and lease renewals.

Member of the Board of Directors and Treasurer for Feeding America Tampa Bay, a non-profit food bank that is part of the largest domestic hunger-relief organization in the US, Feeding America.

FOOD LION, LLC., Subsidiary of Ahold Delhaize USA, Salisbury, NC

Manager Strategic and Business Analysis Aug 2000 – Nov 2003

Supervised various aspects of corporate strategy, financial and cash flow analysis, and budget and long-range plan support for a company ranked as one of the top 10 grocery retailers in the United States.

Directed strategic and tactical studies in analyzing effectiveness of proposed capital expenditures and corporate strategic initiatives utilizing various cash flow and statistical models.

Provided financial analysis support for all aspects of real estate including NPV/IRR discounted cash flow models used to analyze new and remodel store proposals, acquisition/divestiture opportunities, underperforming stores, post-completion analysis, and the fixed asset impairment test analysis.

Provided cross-functional financial support throughout company, conducting lease / purchase analysis for major equipment acquisitions, cost-benefit analysis for operational / administrative restructuring efforts, and projections / effects of competitive openings / closings on corporate sales.

Managed discounted cash flow model and financial due diligence for acquisition of Harvey’s Supermarkets, including 43 stores and perishable and dry goods warehouse. Analyzed divestiture of Food Lion’s interest in a joint venture with Supervalu.

EDUCATION

Master of Business Administration (MBA), Finance, University of Pittsburgh, Katz Graduate School of Business, Pittsburgh, PA

MBA Tuition Fellowship

Bachelor of Science (BS), Geologic Sciences; Math Minor, University of Pittsburgh, Pittsburgh, PA

Sigma Gamma Epsilon Geologic Honorary Society



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