Finance Director
Resume:
BRYAN DURANTE
*** ******* *****, *********, *** Jersey 07647
*************@*****.***
DIRECTOR OF FINANCE – SENIOR FINANCE MANAGER
Finance and Budget ~ Business Operations ~ Cost Reduction Techniques ~ Process Improvement
Human Resource Management ~ Interpersonal Relations ~ Rapid Problem Resolution ~ Accounting
Technical Writing and Documentation ~ Revenue Acquisition ~ Strategic Planning and Execution
Analytical, self-motivated, and team-oriented professional with broad-based background in managing all facets of financial operations and consistently delivering exemplary business results
- Known for proficiency in developing strategic business plans and identifying and capitalizing on opportunities to promote organizational growth.
- Armed with exceptional work ethic, combined with the ability to work under strenuous, challenging, and fast-paced environments without compromising the quality of service.
- Accustomed to working well with professionals of diverse cultural and organizational backgrounds in order to seamlessly execute and accomplish designated responsibilities.
PROFESSIONAL EXPERIENCE
Stryker Orthopaedics – Mahwah, NJ, USA Montreux, Switzerland
Controller Associate Finance Director May 2012–Present
- Oversee all facets of accounting and financial operations for Mahwah consisting of accounts generating more than $1.2B in annual revenue and $300M in costs of goods sold; 750 full-time and temporary employees; $130M in profit and loss (P&L); $125M in gross inventory; and $30M in annual capital expenditure (CAPEX).
- Work closely with the Mahwah’s senior leadership in formulating and imposing strategic direction in all facets of plant operations.
- Direct a team composed of two finance managers, two analysts, and a consultant.
- Review the feasibility and productivity of various capital investments through cost modeling tools.
- Compose and lead the execution of the company’s annual budgets, forecasts, and strategic plans encompassing P&L, inventory, and capital expenditures.
- Ensure that all facets of plant activities and financial management are aligned with various governing bodies which include the Sarbanes-Oxley (SOX) Act, internal and external audit bodies, and Public Company Accounting Oversight Board (PCAOB).
- Hold accountable for managing and developing personnel in order to yield comprehensive and sound business decisions.
- Implement key process indicators (KPIs) to monitor business status and drive attainment of set goals.
- Highly contribute to the activities of the North America Finance and Mahwah Operations leadership teams.
Career Highlights:
- Reduced the operation’s gross inventory by more than $20M while upholding high-quality service levels.
- Reduced the organization’s inventory excess and obsolescence expense by $5M year over year.
- Implemented a product life cycle management initiative, which productively increased the company’s cash flow in order to manage its current inventory portfolio.
- Promoted the overall operations efficiency and profitability through evaluation of a highly confidential and strategic project’s feasibility.
- Facilitated the execution of various cost reduction efforts necessary for the delivery of comprehensive P&L and balance sheet statements.
- Earned recognition for exemplary financial performance in 2012 and 2013, as well as designation as a participant in a global finance leadership program in 2013.
Finance Manager May 2010–Apr 2012
- Formulated strategic business plans and forecasts in seamlessly managing the financial aspects of seven field locations consisting of more than 220 personnel; generating over $300M in total sales and $132M in operating income.
- Worked collaboratively with the upper management in conducting comprehensive analysis and strategic planning through expert management of the company’s $44.5M in total inventory.
- Managed the Mid-Atlantic commercial real estate portfolio consisting of 11 sites that entailed overseeing all aspects of finance that included site identification, contract negotiation, and vendor management.
- Facilitated multifaceted functions which included providing tactical and consultative support to the area vice president and local leadership teams; formulating strategic business plan; analyzing P&L statements; implementing cost reduction initiatives; preparing ad hoc reports; managing personnel; and developing process improvement plans.
- Established a system that efficiently managed an estimated $9M worth of instrument purchase dollars in the Mid-Atlantic area.
Career Highlights:
- Assisted in the development and implementation of various tools and processes in order to support and meet divisional and area objectives; tool to manage more than $24M in expiring inventory across the US and financial justification of $2M RFID investment.
- Created and implemented a project that efficiently reduced overall freight costs by more than $500K within a span of 18 months through an insourcing initiative.
Finance Manager – European Headquarters Sep 2010–Feb 2011
- Assumed responsibilities of a finance manager in the company’s European headquarters which involved developing budget and year-end reporting requirements and revising the bonus matrix of employees.
- Supported countries in the transition of their local inventories to the European Logistics Center by providing expert financial and accounting assistance.
- Formulated concise and strategic recommendations regarding the risks and opportunities associated with the P&L and balance sheet statements for European countries within the designated territory.
- Collaborated with country controllers in executing monthly financial audits and reviews.
Finance Manager Nov 2007–Apr 2010
- Prepared annual standard costs such as material, labor, OSP, and fixed and variable overhead rates as well as monthly and yearly P&L, capital, headcount, and inventory forecasts.
- Supervised daily responsibilities of a high-functioning team consisting of three staff accountants and analysts.
- Monitored the progress and performance of 14 manufacturing business units through the development and implementation of various reporting and monitoring metrics.
Career Highlights:
- Revised purchase order management from the original manual invoicing to purchase electronic orders that resulted to improved purchasing controls quality as well as expenditures fluidity and transparency.
- Devised a financial projection model which reduced forecast and budget preparation time by 50%; enhanced overall projection accuracy; and encouraged active employee involvement to meet production and financial goals.
- Significantly improved inventory control by tracking each individual business unit’s inventory performance through a cycle count process.
- Consolidated materials from one vendor, which resulted to enhancement of purchasing controls quality; optimization of the supply chain management; and reduction of costs by 10%.
- Spearheaded the implementation of a project, which monitored the transport of high-value metals and provided assistance to the senior management in decision-making.
- Generated annual savings amounting to more than $500K through the consolidation of scrap metal from one vendor.
Senior Finance Analyst Jan 2005–Oct 2007
- Developed and presented data analysis regarding trends, reserve calculations, and budget and forecast variances through the use of spreadsheets.
- Evaluated P&L and balance sheet budget statements and improved existing financial templates through comprehensive and effective financial models.
- Assisted the senior management regarding investments by preparing and presenting formal business proposals such as CAPEX and return of investments (ROI) calculations.
- Planned and executed annual budget exercises such as annual strategic planning and cost presentation.
- Organized financial reports as well as closing activities, in conjunction with the company’s global affiliates.
- Exemplified well-honed knowledge and skills in managing exchange rates and accounting for variances.
- Coordinated with external and internal auditors in accomplishing financial audits while maintaining compliance with SOX.
- Accommodated specific business and client needs through the development and execution of financial templates, databases, and processes, which resulted to a significant increase in productivity.
ORGANON Pharmaceuticals – West Orange, NJ
Senior Cost Accountant Oct 2000–Dec 2004
- Utilized ABC costing in preparing detailed standard costs.
- Identified and analyzed any discrepancies in the manufacturing, output, and projection results and provided sound recommendations to the upper management.
- Managed the accurate delivery of inventory valuation at approximately $250M.
- Held accountable for the management and review of consigned inventory for two offsite production facilities.
- Oversaw functions of two cost accountants.
- Organized and participated in month-end closing activities as well as in the preparation of SOX documentation.
- Minimized occurrence of risks through skillful manipulation and analysis of highly detailed spreadsheets.
EDUCATION
Master of Business Administration in Finance (2007)
Walden University – Minneapolis, MN
Bachelor of Business Administration, Major in Accounting and Minor in Economics (2000)
Bloomsburg University – Bloomsburg, PA
PROFESSIONAL DEVELOPMENT
Stryker Leadership Trainings:
Computer Training Management Training Finance Simulation Program focusing on Case Studies
AFFILIATIONS
Omicron Delta Epsilon
International Honor Society in Economics
TECHNICAL ACUMEN
Microsoft Office Suite – Windows Operating Systems – Hyperion Enterprise – COGNOS
Prophet$ – Oracle – JE Edwards – AS/400
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