MICHAEL D. OPITZ

www.linkedin.com/in/mikeopitz

“Value Added Financial Strategies”

**** ******* ****** 651-***-****

Vadnais Heights, MN 55110 acq6d6@r.postjobfree.com

Accomplished and resourceful Accounting / Financial Professional with extensive management experience, including sixteen years as a Controller/CFO in the manufacturing industry. Strong background in cost accounting, general accounting, budgeting, financial planning and analysis, cash management and forecasting and inventory control. Dedicated, results driven, self-starter with proven ability to work and lead in a team oriented environment. Successful track record taking on challenges and achieving goals. Key accomplishments include:

Established reporting package to summarize company performance, including key performance indicators measured against budget and prior year comparables utilizing several ERP systems, including effective commentary on performance.

Developed, coordinated and prepared corporate financial plan, quarterly forecasts and cash forecasting models. Planning model included top-level budgeting as well as departmental budgeting. Provided strategic planning and operating plan leadership.

Maintained effective relationship with external auditing firm ensuring successful and timely year end audit, tax preparation, and related tasks.

Experienced Director of Manufacturing Operations.

WORK EXPERIENCE

J.W. Hulme Co. St. Paul, MN

Vice President of Finance and Manufacturing (2013 – present)

Responsible for the direction of Finance & Accounting, Human Resources, IT, Facilities, Manufacturing, Purchase and Shipping & Receiving departments.

Coordinated and generated annual company budget and quarterly forecasts as directed by the Board of Directors.

Presented financial information and manufacturing performance at bi-monthly Board of Director meetings.

Controller (2011 – 2013)

Developed effective financial reports for executive management clearly defining company’s performance including measurements against budget and prior year.

Created budget model which mirrored financial reporting including departmental budgets.

Implemented controls on all balance sheet activity to protect all company assets and liabilities.

Established cost accounting system providing in-depth analysis on costing products and gross margins used to improve productivity and profit.

Established accurate bills of material and labor routings on all SKU’s.

Implemented cash forecasting model to manage cash on a daily basis.

Responsible for all AP, AR, sales tax, insurances and fixed asset activity.

Coordinated tax preparations with 3rd party tax preparer.

INDUSTRIAL FABRICS CORPORATION, Minneapolis, MN

Controller for $25M manufacturer of filtration fabrics. (2007 – 2009)

Manage financial organization consistently yielding reliable and timely financial information.

Developed and maintained cash forecasting model accurately reflecting corporate cash position and optimizing company’s cash.

Reduced monthly reporting cycle time by 20% through re-engineering close cycle time and improving processes.

Developed financial planning process to support operational and corporate needs.

Improved Working Capital by 12.4% by maintaining accurate inventory levels and initiating strong cash preservation measures.

Oversee annual audit and tax process and ensure appropriate controls are in place to address any deficiencies.

OAKRIVER TECHNOLOGY, Oakdale, MN

Director of Manufacturing Operations for a $10M Biomedical manufacturer. (2006 – 2007)

Managed manufacturing operations including materials planning, procurement, production, shipping and receiving, building maintenance, warehouse, and operations staff of 15 technicians.

Provided P & L for Equipment Manufacturing division. Assisted with bids / proposals and pricing decisions.

Established and communicated weekly production plans to personnel, consistently meeting customer expectations.

Worked with project managers and manufacturing engineers to complete project builds on time and within budget.

COMMAND TOOLING SYSTEMS, LLC., Ramsey, MN

Controller / CFO for a $15M machine tool accessories manufacturer. (1998 – 2006)

Established cost accounting system providing in-depth analysis on costing products and gross margins used to improve productivity and profit.

Developed comprehensive reporting package accurately portraying company performance.

Coordinated and prepared annual corporate financial plans and quarterly forecasts.

Ensured sufficient capital was available for continuing operations and established and managed appropriate debt compliance systems.

Worked with external auditing firms on year end audit and tax preparation.

Managed facility, corporate phone system, and insurances.

MICROTRON INC., Minneapolis, MN

Controller (1996 – 1998)

Managed General Accounting, Cost Accounting, Financial Planning, corporate and department budgets, and monthly reporting.

UNISYS CORPORATION, Roseville, MN

Financial Analyst – Headquarters, Lead Financial Analyst – Operations, Manager Cost Accounting and Inventory Control, Manager Reporting and Analysis (1977 – 1996)

EDUCATION

UNIVERSITY OF ST. THOMAS, St. Paul, MN

Bachelors of Science Degree – Business Administration

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