Controller

ALEXANDER H. SCHENK

C: 201-***-**** *** Park Rd. C-8 Bayonne, NJ 07002 **********@*********.***

CAREER SUMMARY

Dynamic financial leader with proven experience in financial and operational management of start-up businesses in the bio-tech and life sciences manufacturing industries. Core competencies in controlling cost, cash management, financial reporting under GAAP and IAS, operational management, including IT and interfacing with international leadership, external auditors and tax accountants. Motivational leader with strong results orientation who finds a way to get things done.

PROFESSIONAL EXPERIENCE

BIOTEST PHARMACEUTICALS CORPORATION, US subsidiary of Biotest AG

Manufacturer of human blood plasma derived immune globulin pharmaceuticals.

Temporary consulting work 2013 - 2016

EMD MILLIPORE CORPORATION, acquired Biotest Microbiology August 2011 2012

Life sciences firm based in Billerica, MA with 10,000 employees in 67 countries.

Sr. Controller

Member of local wind down team responsible for closing the NJ operations after sale to Millipore.

Developed mapping tables from local GL to corporate consolidated reporting system.

Team Leader for integrating local logistics into EMD Millipore’s ERP System.

BIOTEST MICROBIOLOGY CORPORATION, Rockaway, NJ 2011

Prepared the business for the $6M sale of the microbiology business to a new owner.

VP Finance

Designed and maintained financial reporting & accounting systems for external, inter-company and internal functions according to GAAP, German Trade Law/HGB & IAS, supported by conversion reports.

Created monthly financial indicator report reflecting monthly and cumulative sales with % of budget and % of prior year, gross margin and EBIT reporting, monthly cash, A/R and loan balance, with days outstanding, inventory balance with days outstanding, personnel cost as % of sales, employee benefits as % of compensation. Delivered reports on time with 100% consistency.

Maintained corporate standard operating procedures to comply with legal and accounting standards.

Established annual financial budgets in domestic as well as international formats.

Designed and maintained the corporate information system and secured corporate logistics for just in time procurement to minimize inventory and spoilage levels without creating product shortages.

BIO-RAD LABORATORIES CORP., formerly Biotest Diagnostics, Rockaway, NJ 2010-2011

California based parent company bought shares of Biotest Diagnostics and operated Biotest Medical Diagnostics business comprised of Transfusion and Transplant Diagnostics from New Jersey.

Division Finance Manager

Provided financial management services for Bio-Rad as well as Biotest under service level agreement.

Designed new financial reports in compliance with Bio-Rad’s accounting rules

Acted as local Team Leader in the transfer of master file data to the central IT system.

Implemented operating procedures in compliance with Sarbanes-Oxley regulations.

BIOTEST DIAGNOSTICS CORPORATION, Denville, NJ 1994–2009

$13M subsidiary of the Bio-test family focused on medical diagnostics and microbiology businesses.

VP Finance, 1994 – 2009

Carved out microbiology business unit into a separate, newly formed corporation in Q4 2009 to prepare Biotest Diagnostics Corp. for sale to Bio-Rad Labs as a Medical Diagnostics only business.

Provided financial parameters for service level agreement between the two businesses.

Designed & maintained financial reporting/accounting systems for external, inter-company & internal functions according to GAAP, German Trade Law (HGB) & IAS, supported by conversion reports.

Established annual financial budgets in domestic as well as international formats.

Member of the team acquiring NABI’s pharma division in 2007 that included 9 plasma centers with 500 employees in Boca Raton serving as Treasurer and an officer of the company.

Negotiated financial services and instruments with corporate banks and other financial institutions resulting in automated funds sweeps between investment & loans reducing treasury efforts by 50%.

Utilized internet based banking applications increasing response time to financial needs by 50%.

Implemented integrated IT network solutions involving legacy ERP system, NT File Server LAN, in-house Lotus Domino e-mail & process flow server & T-1 digital phone with open internet connection.

Redesigned warehouse to provide for optimized merchandise flow increasing output 20%.

Designed and maintained the Corporate Information System and secured Corporate Logistics.

Coordinated Human Resources including employee benefits and all legal issues.

Engaged in foreign exchange forward contracts to minimize possible future exchange losses or gains.

Instituted monthly reconciliations of all general ledger accounts reducing cost and time of annual external audit and developed standard operating procedure manual.

Implemented ERP system integrating an acquired particle counter company for GL, order entry, purchasing, AP/AR, international currency, inventory/production control and warehouse.

Formulated asset purchase agreement avoiding franchise tax nexus in California.

EDUCATION

Master of Business Administration, 5 year program majoring in Finance with Marketing minor,

Johann Wolfgang Goethe University, Frankfurt, Germany; 4 yr. summer intern at Biotest Serum Institute

Fluent in German and achieved US citizenship in 1988

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