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Financial Management/Analysis

Location:
Pickerington, OH
Posted:
February 03, 2021

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Profile

Results-driven financial and business efficiency professional with broad-based experience in budgeting, organizational leadership, and key performance indicator (KPI)/trend analysis within aviation industry. Efficiency driver with career history of planning/designing processes and implementing changes that improve and support business operations. Financial analysis and process improvement champion with successes that includes eclipsing new startup break-even in only 6 months, slashing annual maintenance costs by $2.2 million for fleet of 135 aircraft, and reducing aircraft out of service time and overall costs during maintenance events.

Transform leadership vision into actionable plans through aviation operating model data analysis, business insight delivery, and project management. Record of success in application of technical process improvement (TQM) and performance optimization via Six Sigma methodologies. Recipient of Cessna Leading Edge Award.

Career Highlights

Aircraft Fleet Manger NetJets

Increased number of qualified aircraft maintenance vendors throughout North America and improved performance by improving communication of expectations and providing access to resources. Developed and implemented evaluation process to determine when and how to use third-party charter aircraft in support of unscheduled maintenance events, saving $10,000-$30,000 per event, with average of 10 events per year.

Aircraft Senior Maintenance Controller NetJets

Created and implemented process involving setup of US based technicians for temporary assignment in Mexico and Canada. Streamlined vendor selection, transportation, and parts supply chain for outside US unscheduled maintenance events, resulting in reduction in out of service time of 2-4 days per event (average of 25 events per year) and reduction of opportunity costs by $16,000 per day.

Aircraft Maintenance Technician Delta Airlines, Inc.

Implemented Six Sigma Lean Management 5S program in MD-88/90 aircraft overhaul process. Slashed process time by 6% and saved $1.8 million per aircraft on 11 overhaul events annually.

Professional Experience

Glenn Aviation Consulting – Columbus, OH May 2018 to Present

Assist aviation companies with developing and implementing actions plans involving flight training, aircraft ferrying/delivery, transportation of dangerous goods, achievement of certification, 3rd party aviation reviews, and PVI review/CAP development.

Senior Consultant

Serve as senior consultant in guiding clients in aircraft maintenance operating cost reduction and maintenance program schedule efficiency improvement, while minimizing flight schedule impact. Evaluate all aspects of client maintenance programs. Engage in business building efforts by forging and maintaining client relationships. Monitor business cashflow and determine budget allocations. Perform scheduled and unscheduled maintenance. Perform maintenance inspections and maintenance aircraft traveling through or near Columbus, OH area.

Provide cost-effective administration of finance and resources, optimizing assets through cost-benefit analysis, effectiveness analysis, and impact analysis to unique aviation owners/operators encompassing financial strategic planning/scheduling.

Grew business from 0 to 32 customers in 1 year.

Columbus Jet Services, L.L.C. – Columbus, OH April 2017 to May 2018

Startup company operating out of Bolton Airport in southwest Columbus, OH, with $157,000 in annual revenue.

Managing Partner / General Manager

Administered daily operations, which included inspections and repairs on jet and piston powered aircraft, as well as customer communications. Optimized use of assets using cost-benefit analysis, effectiveness analysis, and impact analysis. Produced and analyzed financial statements through horizontal, vertical, and ratio analysis. Managed cashflow and determined budget allocation. Generated invoices and tracked accounts payable/receivable. Budgeted for rent, utilities, taxes and fees associated with government permits. Analyzed sales revenues, expenses, costs, and tax rates.

Ordered parts for stock and aircraft repairs. Tracked shipments and communicated with vendors to address specialized needs. Identified facility issues and communicated to Columbus Port Authority leadership for resolution. Ensured operation within federal, state, and municipal laws and regulations.

Optimized operations and successfully exceeded facility’s profitability projections, achieving break-even after 6 months and profitability/positive cash flow within 1 year.

Reduced rent and utilities cost 50% ($1,200 per month) by retooling operations and creating system for performing work at customer locations where feasible, utilizing less hanger floor space than originally projected.

Expanded customer base 70+ in 1 year by developing and executing mailout marketing plan to introduce company to region aircraft owners and advising of service abilities.

Initiated new aircraft maintenance center at Bolton Field (KTRZ). Worked collaboratively with state and local authorities to acquire essential permits and licenses. Ensured process compliance with federal regulations and company standards.

Led and managed startup of partnership satellite aircraft repair facility.

Establish systematic organization of schedule that guaranteed safe performance of all maintenance within established timeline.

NetJets, Inc. – Columbus, OH May 2005 to April 2017

Sells part ownership or fractional shares of business jets, with $5 billion in annual revenue, 48% market share, and 6,500 employees.

Aircraft Fleet Manager/Aircraft Senior Maintenance Controller

Coordinated maintenance operations and provided forecast data in successfully generating cost-effective annual maintenance budgets for 133 jet aircraft fleet, while managing 15 maintenance controllers. Served as subject matter expert for state of fleet in terms of aircraft maintenance, short-/long-term availability, and documentation configuration.

Liaised with operations to determine aircraft usage rates and provide maintenance forecast. Worked in concert with Engineering and aircraft OEMs to ensure scheduling within maintenance control process and modifications/repairs met regulations. Established work order estimates and preliminary costs associated with 3rd party vendors. Managed provisioning of replacement components and prioritized supply chain network activity. Determined and supplied required manuals and tasks for aircraft repair to vendors. Managed turnover information on aircraft in maintenance for respective fleet.

Increased equipment reliability and usage, reducing unscheduled maintenance events 20% and lowering negative impact to customers, increasing availability. Cut annual maintenance costs by over $2.2 million for fleet of 135 aircraft. Reduced unnecessary operational check flights using trend analysis to determine top causes of unscheduled breakdowns, determining root causes, and identifying/implementing proper resolution by collaborating with OEMs for product improvements.

Reduced aircraft out-of-service time and overall costs during maintenance events. Developed and implemented process for maintenance control in determining when and how to utilize third-party aircraft to transport maintenance technicians, parts, and supplies outside continental US when aircraft repairs were required.

Created and implemented policies and processes to optimize handling of unscheduled maintenance repairs in North and Central America. Consulted with Mexican authorities on process for US based maintenance crews to enter country and work on company aircraft.

Identified US based maintenance crews with dual US/Mexican aircraft repair licenses and proper qualifications for company fleet aircraft. Notified company materials department and maintenance control of process to get parts and maintenance crews into and out of Mexico, with focus on timeliness and cost. Liaised with US based maintenance crews and company safety department on prevailing security issues in specific location and routes to and from locations.

Determined requirements for US based maintenance crew dispatching to Canada, including customs and regulations requirements. Informed maintenance crews and company maintenance control fleets of Canadian rules to facilitate entrance into country.

Selected to work on team of 3 to perform 2-week analysis of multiple fleet’s (465 business jet aircraft) top 10 unscheduled maintenance causes to determine root cause and plan for resolution. Used MS Excel spreadsheets, event coding correction, VLOOKUP, and IF functions to identify trend patterns in maintenance event database. Determined hard fixes, including cost analysis. Using Pivot Tables, presented PowerPoint data to senior management with recommendations, with all accepted and implemented.

Performed opportunity cost analysis to determine cost effectiveness of utilizing third party charter aircraft to transport technicians, parts, and equipment to grounded aircraft located in Mexico and Caribbean Islands, and Alaska.

Conducted analysis of daily call volume to identify changes throughout year and identify seasonal peaks. Presented data to VP of maintenance, resulting in more evenly matched personnel scheduled vs. call volume and better identification of monthly and quarterly overtime expectations.

Recommended development of training allotment for addition to annual budget comparative to ad hoc spending on training for fleet maintenance controllers, approved by management for all fleets. Developed maintenance controllers into subject matter experts with ability to properly debrief pilots to identify likely problem source grounding aircraft.

Participated in annual Cessna/NetJets conferences to upsurge industry reliability and expand collaborative knowledge.

Additional Experience

Lead Aircraft Maintenance Technician Delta Airlines, Inc. – Atlanta, GA

Aircraft Maintenance Supervisor NetJets, Inc. – Columbus, OH

Inspector/Aviation Maintenance Technician Cessna/Citation Aircraft Company – Toledo, OH

Supervisor/Crew Chief/Test Fight Maintenance Crew/Airborne Weapons & Tactics Instructor US Marine Corps – Various Locations

Honorable Discharge

Education

Franklin University – Columbus, OH August 2019

Bachelor of Science, Financial Management

G.P.A. 3.5 Dean’s List Phi Theta Kappa Honor Society

Professional Organizations

Member, Central Ohio Association of Financial Professionals (COAFP)

Member, Ohio Society of Certified Public Accountants

Technical Skills

MS Excel (advanced) MS PowerPoint MS Word Oracle Hyperion BI ADP ETime SAP Business Objects SAP Concur

165 Ballman Sq. E.

Reynoldsburg, OH 43068

614-***-****

adjwt8@r.postjobfree.com

Larry Glenn

Focus: Financial Analyst Treasury Specialist

www.linkedin.com/in/larry-glenn

Areas of Knowledge

Financial Modeling

Quantitative Analysis

Trend Monitoring

Budgeting/Cost Control

Risk Management

US GAAP

Productivity Improvement

Strategic Planning & Initiatives

Market Analysis and Research

Vendor Negotiations

Mergers and Acquisitions

Inventory Management

Financial Statements

Economic Evaluation

Bank Reconciliations

Accounts Payable/Receivable

Budgeting and Expense Reports

Cost Benchmarking

Project Planning and Analysis

Cost Review

Process Innovation

Project Risk Analysis

Joint Venture Negotiation



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