Accounting and FP&A Manager
Resume:
MICHAEL J. TOKARSKI
Clinton Township, MI 48038
************@*****.***
PROFILE
As a driven and innovative professional with over 30 years of Finance/Accounting experience with a proven track record in delivery of results. I have over 20 years in the automotive and aerospace industries.
PROFESSIONAL EXPERIENCE
ADVANCED VEHICLE ASSEMBLIES Rochester Hills, MI 3/2024 – 8/2024
Accounting Manager and Manager of Financial Planning and Analysis
Ensure timely and accurate preparation of monthly, quarterly and annual financial statements of the company.
Reviews/Prepares monthly financial reports and communicates significant variances on a timely basis, including coordinating adjustments as needed.
Coordinate and manage the year-end audit process including timely reporting of year-end financial statements.
Analyze performance and make fact-based recommendations to improve plant profitability, operating efficiency and effectiveness.
Pro-actively assess financial risks and opportunities through monthly reviews and analysis of plant financial statements.
REVERE PLASTICS SYSTEMS Fraser, MI 1/2024 – 3/2024 Plant Controller (Contract)
Development of the plants budget and associated forecasts, as well as plant reporting
Identify and analyze significant variances between budget, forecast and actual results
Control the plants operating cash flow, especially accounts receivables, accounts
payables and inventories through weekly and monthly analysis
Participate in the development of action plans and ensure their financial evaluation
Validate the economic justification of investments
SHILOH INDUSTRIES, INC Auburn Hills, MI 11/2021 – 12/2023
Group Financial Manager
Ensure timely and accurate preparation of monthly, quarterly and annual financial statements of the company.
Reviews/Prepares monthly financial reports and communicates significant variances on a timely basis, including coordinating adjustments as needed.
Coordinate and manage the year-end audit process including timely reporting of year-end financial statements.
Analyze performance and make fact-based recommendations to improve plant profitability, operating efficiency and effectiveness.
Pro-actively assess financial risks and opportunities through monthly reviews and analysis of plant financial statements.
MAHINDRA AUTOMOTIVE NORTH AMERICA Auburn Hills, MI 8/2016 – 11/2021
Manager of Financial Planning and Analysis
Led in the preparation of the annual budget, periodic forecasts, and outlooks, including providing management with the appropriate level of data to support the underlying assumptions and decision support.
Responsible for the P&L, Balance Sheet and Cash Flow versus budget and forecast to analyze fluctuations.
Managed the monthly closing and year end audit processes.
Managed the preparation of the monthly financial reports and quarterly board presentations.
Improved the financial performance of the organization by analyzing results and variances, identifying trends, and recommending actions to Senior Management.
SAMSUNG SDI AMERICA Auburn Hills, MI 4/2016 – 8/2016
Finance Manager (Contract)
Development of the R&D Center’s 5-year plan and associated forecasts
Responsible for the R&D Center’s operational and general accounting support which includes monthly, quarterly, year-end closings
Control the operating cash flow, especially accounts receivables, accounts
payables through weekly and monthly analysis
Responsible for ensuring the accurate reporting of job costs and supporting program team representing finance
INTERNATIONAL SPECIALTY TUBE Detroit, MI 4/2015 – 4/2016
Plant Controller
Development of the plants annual budget and associated forecasts, as well as cost analysis and balance sheet reconciliation
Responsible for the plant’s operational and general accounting support which includes monthly, quarterly, year-end closings and audits and financial statements
Control the plants operating cash flow, especially accounts receivables, accounts
payables and inventories through weekly and monthly analysis
Provide key input into the development of the plant’s strategic business plan along with identifying key measurable to support the plant business goals
QUALITY TEAM 1 Highland Park, MI 3/2014 – 10/2014
Controller
Development of the annual budget and associated forecasts.
Responsible for operational and general accounting support which includes monthly, quarterly, year-end closings and audits and financial statements.
Identify and analyze significant variances between budget, forecast and actual results.
Control the operating cash flow, especially accounts receivables, accounts
payables through weekly and monthly analysis
Provide key input into the development of the strategic business plan along with identifying key measurable to support the business goals
TOWER INTERNATIONAL Livonia, MI 6/2011 – 3/2014
Financial & Business Analyst (Contract) (7/2013 – 3/2014) Plymouth, MI
Development of the plants annual budget and associated forecasts, as well as cost analysis and balance sheet reconciliation.
Responsible for the plant’s operational and general accounting support which includes monthly, quarterly, year-end closings and audits and financial statements.
Identify and analyze significant variances between budget, forecast and actual results.
Responsible for fixed asset and tooling project tracking, inventory reconciliation and engineering change quotes.
Plant Controller (6/2011 – 7/2013) Detroit, MI
Tower Defense & Aerospace LLC, a Division of Tower International
Development of the plants annual budget and associated forecasts, as well as cost analysis and balance sheet reconciliation
Responsible for the plant’s operational and general accounting support which includes monthly, quarterly, year-end closings and audits and financial statements
Control the plants operating cash flow, especially accounts receivables, accounts
payables and inventories through weekly and monthly analysis
Provide key input into the development of the plant’s strategic business plan along with identifying key measurable to support the plant business goals
Implemented SOX and QAD
BOSAL INTERNATIONAL NA Ypsilanti, MI 5/2010 – 6/2011 Plant Controller
Development of the plants budget and associated forecasts, as well as plant reporting
Identify and analyze significant variances between budget, forecast and actual results
Control the plants operating cash flow, especially accounts receivables, accounts
payables and inventories through weekly and monthly analysis
Participate in the development of action plans and ensure their financial evaluation
Validate the economic justification of investments
FAURECIA AUTOMOTIVE SEATING Troy, MI 7/2006 – 3/2010
Business Unit Controller (1/2010 – 3/2010) Troy, MI
Development of pricing budgets and associated forecast pricing guidance to plants
Identify and analyze the pricing variances between budget, forecast and actual results
Reporting and closure of open commercial issues
Responsible for past due review and action plan to resolve issues
Ad-hoc reporting to support and expand information from plant results as requested by Management – coordinate, summarize, and review
Acting Plant Manager/Plant Controller (8/2009 – 1/2010) Shelby Twp., MI
Complete operational responsibility for foam manufacturing facility
Assumed the management of the Production Unit Managers and of the support function managers (HR, Quality, Finance, Logistics, Engineering, Maintenance)
Ensure customer satisfaction and smooth inbound and outbound information flows
Drive plant Quality, Cost, Delivery and People (QCDP) performance and build and meet the plant budget
Negotiated sale of building and fixed assets to a major competitor
Plant Controller (8/2007 – 8/2009) Shelby Twp., MI
Development of the plants budget and associated forecasts, as well as plant reporting
Identify and analyze the variances between budget, forecast and actual results
Control the plants operating cash flow, especially accounts receivables, accounts
payables and inventories
Participate in the development of action plans and ensure their financial evaluation
Validate the economic justification of investments
Ad-hoc reporting to support and expand information from plant results as requested by Upper Management – coordinate, summarize, and review
Program Controller/Senior Financial Analyst (7/2006 – 8/2007) Troy, MI
Contribute to the elaboration of Mid Term Plan, budget, and forecasts for the program
Manage data consolidations and reporting ensuring reliability, consistency and
transparency
Contribute to the analysis of the monthly variances and propose corrective actions
Review financial impact of current and future operations
Provide daily program support and by assisting at plant locations
Quarterly balance sheet reviews for selected plants
Ad-hoc reporting to support and expand information from program results as requested by Upper Management – coordinate, summarize, and review
LEAR CORPORATION Dearborn, MI 7/2003 – 7/2006
Senior Financial Analyst – Interior Systems Division (Operations)
Responsible for assisting division plants with the budget process and preparation of the annual budget
Monthly plant forecast reviews to analyze actual results vs. forecast and report variances to upper management
Provide daily plant support and by assisting at plant locations
Prepared and monitored monthly purchase savings, quarterly free cash flow and
margin enhancement for division
Quarterly attest/ balance sheet reviews for selected plants
Ad-hoc reporting to support and expand information from plant results as requested by Upper Management – coordinate, summarize, and review
Financial Analyst – Interior Systems Division (Tooling Group)
Responsible for maintaining EITF 99-5 schedules related to the accounting for reimbursable tooling
Prepared monthly balance sheet forecast on the major tooling programs
Process, track, and review tooling and unfunded work orders by program
Monthly updating to the program tracking sheets and tool summary
Provide support related to customer audits and cancellation claims of tooling programs
CBF SYSTEMS, INC Fraser, MI 6/2001 – 3/2003
Financial Analyst – Accounting
Responsible for planning, forecasting, and reporting the annual budget
Prepared weekly and monthly Sales Reports for ELF and VMP Mortgage Forms for Revenue Reporting
Analyzed unusual activity in general ledger expense accounts to define variances, and communicate explanations to upper management
Reconciled inter-company accounts payable balances and select balance sheet accounts
during month end
CITIMORTGAGE, INC Farmington Hills, MI 11/1998 – 6/2001
Financial Analyst – Management Reporting
Responsible for reporting product and segment profitability for the origination business unit, including Actual vs. Plan variance analysis and performance-based compensation analysis for segment managers
Prepared the monthly calculation of production volumes and statistics for reporting
Monthly flash reporting, quarterly forecasting, and reporting the annual budget for Sales/Customer Delivery
Ad-hoc reporting to support and expand information from the Product Line Profitability and Production Reports
WELLS FARGO BANK Tempe, AZ 12/1996 – 9/1998
Financial Consultant - Customer Information Group
Responsible for planning, forecasting, and reporting the annual budget for the Telecom Business Operations Division
Prepared and monitored monthly financial reports
Analyzed unusual activity in general ledger expense accounts to define variances, and
communicate explanations to upper management
Financial Consultant - Payment System Services Group
Responsible for planning, forecasting, and reporting the annual budget and business unit plan for the Central Return Items Division
Prepared and monitored monthly financial and statistical reports
Analyzed unusual activity in general ledger expense accounts to define variances, and communicate explanations to upper management
Developed and maintained the Business Resumption Plan for Central Return Items
FIRST INTERSTATE BANK (sold to Wells Fargo Bank) Phoenix, AZ 3/1995 - 12/1996 Accountant - Bank Financial and Regulatory Reporting
Prepared quarterly reports with expanded balance sheet and income statements, as well as reclassing assets, liabilities and booking income and expenses in conformity with regulatory reporting requirements
Analyzed unusual activity in general ledger accounts to define variances
Finalized monthly consolidated general ledger for Corporate with entries and adjustments
Responsible for daily, weekly, and monthly regulatory reports for three bank subsidiaries
Communicate explanations of variances to the Federal Reserve Bank
SKILLS
Mainframe application experience includes QAD, SAP, PLEX, AS400, MSA and QuickBooks.
Proficient with numerous computer applications such as Windows, Excel, Word, and Hyperion
EDUCATION
WALSH COLLEGE Master of Science, Finance April 2002
WESTERN MICHIGAN UNIVERSITY April 1991
Bachelor of Business Administration, Accountancy & Finance
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