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Financial Manufacturing

Libertyville, Illinois, United States
November 06, 2019

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Jeffrey R. Zunker, CPA/MBA

*** ******** *****

Phone: 847-***-****

Libertyville, IL 60048



Financial leader and business partner with broad industry experience; seeking growth and opportunities in a dynamic environment. Critical thinker able to make key decisions, with history of generating innovative solutions to achieve business objectives


Sensient Technologies (2017-Present)

Business Unit Controller – Global BioNutrients, Hoffman Estates, IL

–Sensient Global BioNutrients provides a broad portfolio of consistent, innovative, and tailored nutrient solutions to meet your diverse application needs and deliver value through improved productivity, processing time and product performance.

“Business Unit CFO”; Lead Team member directing financial and operational initiatives of $60M Revenue business

Drives quarterly commercial target process; develops customer/product forecasting model and weekly reviews to hold commercial teams accountable

Developed and implemented path to exceed annual 2018 Operating Profit budget by 5% by identifying strategic commercial targets, leveraging global logistics and balance sheet management

Generate and present business strategy and financial plan to executive management

Led BU thru conversion to finance shared services structure (all support staff moved to Group)

Managed financial team during JD Edwards go-live

Key member of pricing team – ensuring all quotes fit with strategic initiatives and margin requirements

Responsible for inventory reduction projects, and driving down distressed inventories

Created production-based absorption calculator to estimate over/under absorption by period. Used to determine financial impacts of production plans and inventory initiatives

Designed and implemented bottoms-up budgeting process to clarify variances and opportunities for savings

Fram Filtration /Arthur J. Gallagher (bankruptcy immediately after hire) (2016)

Mitsubishi Electronic Automation, Inc. (2012-2015)

Corporate Controller, Vernon Hills, IL

–An affiliate of Mitsubishi Electric Corporation, MEAU is backed by substantial R&D investment to deliver cutting-edge automation technology solutions. Our family of automation products and solutions are designed to provide flexibility, scalability and a seamless migration path. MEAU provides sales and service to both North and South America and has revenues of $250M

●Established Mexico branch and implement compliance and reporting requirements (Tax, Transfer Price, Legal and GAAP). Recent legislation has created significant accounting document matching requirements which drove SAP enhancements

●Responsible for Finance team of 10 employees covering reporting, credit, accounts payable, receivables and operations

●Restructuring of Finance department to realign duties and maximize effectiveness of team. This was accomplished by advantageous use of turnover to modify experience levels of new hires and resulted in improved succession planning and career path

●Prepare and present financial results to management and Board of Directors

●Perform monthly/quarterly/annual financial reporting to division and headquarter level management to apprise of achievement of corporate objectives and identify areas of concern.

●Develop and enhance custom reporting in SAP and Business Objects to meet business needs. Examples include revenue by market segmentation and comparative analytics to competitors

●Direct and streamline semiannual Budget process – eliminating manual process and driving efficiencies by utilizing VBA, pivot tables and consolidated data uploads into SAP

●Leading implementation of Employee Auto Program in US, Mexico and Canada, replacing the pre-existing reimbursement system

●Establish companywide Sharepoint contract retention database to allow consistent access to key financial and administrative documentation

AkzoNobel N.V. (2005-2012)

Controller Americas – Packaging Coatings, Strongsville, OH (2010-2012)

–World leading supplier of coatings and inks for the protection and decoration of beverage, food, aerosol and general line cans, metal closures and collapsible tubes. We supply both global and customized technologies to meet your needs wherever your business is located. We turn our customers’ visions into reality. Packaging Coatings America’s services North and South America with manufacturing in both Ohio and Brazil. Total revenues for the region are $130M

●In charge of monthly close cycles and ran semiannual budgeting process for both Americas and Brazil. Led team of 3 direct reports in United States and supervised 2 finance members in Brazil

●Prepared and presented financial and budget results to SBU and BU management

●Led Operating Working Capital reduction project – reduced OWC from 12% to 4% in 1 year with innovative solutions such as implementing rebates tied to payment performance and volume targets

●Directed margin management efforts in the face of 20% raw material inflation – increased margins from 38% to 42% by strategic price increases and negotiating cost reductions from suppliers

●SAP conversion team member, implemented full ERP conversion with no customer impact. Was responsible for setting up financial structure of entity within SAP, converting and importation of historical data, and supervising cutover to new system

●Restructured non-product related purchasing; resulted in $500k annual savings

●Compliance officer for United States facilities

Controller – Aerospace Coatings, Waukegan, Illinois (2005-2010)

–AkzoNobel Aerospace Coatings (ANAC) is the global leader in the manufacture, development and supply of coatings for the OEM and MRO sectors of the Commercial Airline, General Aviation and the Military Air markets. ANAC Americas’ covers North and South America with manufacturing in Waukegan, Illinois and revenue of $50M

Optimized Finance Department by realigning responsibilities and improving processes; resulting in two headcount reductions to seven employees

Reduced Operating Working Capital from 17% to 13% via vendor negotiations, customer incentives and inventory right-sizing

Reorganized Purchasing function via automation and restructuring

Redesigned costing methodology to match corporate standards

Implemented Sarbanes Oxley compliance processes

Accellent (2002-2005)

Controller, Wheeling, Illinois

–Accellent designs, develops, manufactures and assembles devices and instruments for a very broad array of applications. The Company has unsurpassed experience in the electrosurgical, endo-laparoscopic and urological markets. Revenues were approximately $35M

Responsible for managing all accounting functions with team of 2 direct reports

Reviewed manufacturing variances to identify areas of improvement and implemented Lean initiatives

MFN Financial (2000-2002)

Senior Accountant, Lake Forest, Illinois

Involved in restructuring bankrupt financing company throughout acquisition and relocation.

M&I Bank (1997-2001)

Staff and Senior Internal Auditor, Milwaukee, Wisconsin

Led audits of banking and operational areas of multi state banking/software corporation.

Schenck and Associates (1994-1997)

Staff Auditor, Sheboygan, Wisconsin

Audited manufacturing, nonprofit entities thru tax return preparation.


MBA – Lake Forest Graduate School of Management (2009) GPA: 3.9

Certified Public Accountant certification, Wisconsin (1997)

BBA University of Wisconsin – Milwaukee (1990-1994) GPA: 3.6

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