CFO Vice President Finance and Admin
Resume:
Bernard J. Bolka III
Cassopolis, Michigan 49031 (C) 574-***-****
(H) 269-***-****
**********@***.***
http://www.linkedin.com/in/berniebolka
Financial Executive with experience in creating shareholder value in multi-plant manufacturing, warehousing, and product distribution environments. Solving complex business problems with strong business acumen. Demonstrated leadership in cross functional teams and communications for optimized resources and profitability. Able to quickly adapt to changing conditions and lead course correction activities to scale resources. Implementation of Key Performance Indicators and monitoring reports for managing results and goal achievement. Ex-Patriot experience in international business environment. Fluent in German.
Certified Public Accountant.
• Financial Reporting, Analysis and Planning
• Operational & Cost Accounting
• Tax & Treasury Management
• Corporate Restructuring
• Financial Systems
• Acquisition, Reorganization, and Mergers
• Interface with Marketing & Sales • Team and General Management
• Compliance Officer: Code of Conduct, AML and Patriot Act
• Capital Budgeting & Project Management
• Operations and Facilities Management
• International Assignment Experience
• IT Progression LAN/WAN/ Global ADS
• SAP R3 Enterprise and Fourth Shift
EXPERIENCE
KMS Enterprises
Data center hosting, telecommunications carrier hotel, fiber optic network, commercial and high tech real estate and HVAC construction companies. Union Stations Properties LP, Infinity Fiber, LLC, Global Access Point, LLC and Deluxe Sheet Metal, Inc.
Interim CFO South Bend, IN Feb 2009 to Present
• Analyzed and proposed financing for recent and future capital expansion, new data center hosting and fiber optic infrastructure projects during financial market crisis:
o Private equity offer evaluation and decision support
o Long term debt consolidation
o Search banks and negotiate terms
• Implemented meaningful chart of accounts, financial statement consolidation and closing process.
• Developed long term strategic plan and budget for improved profitability and sufficient working capital.
• Registered business with US Government for grant and stimulus funding applications for federal energy reduction and broadband initiatives.
Heraeus Kulzer, LLC., Armonk NY/ South Bend IN 1995 – 2009
$100 million sales subsidiary with 200 employees of Heraeus Kulzer GMBH ($350 million WW sales) of Heraeus Holding ($15 billion WW sales).
VP – Finance & Administration 1995 – 2009
Strategic Leadership
• Led finance, IT, and administrative functions in creating stand alone legal entity.
• Established Controlling/Accounting, IT, Human Resources and Purchasing functions that contributed to $ 1.8 million first year savings; reported to President and Board chairman.
• Transitioned Heraeus Kulzer, Inc. systems to stand-alone company with integrated processes:
o Implemented IT LAN/WAN infrastructure, ADS and data security scheme.
o Overall implementation of 4th Shift ERP system $300K investment.
o Led overall conversion to SAP for US $ 1.5 million investment.
• Implemented standalone banking, payroll and benefit plans.
• Delivered strategic analysis for new product planning, capital appropriations and acquisitions / divestitures which supported sales growth from $ 18 million to $ 100 Million.
• Sold precious metals business at above-market price and restructured company post-sale. Gain on sale of $ 2.8 million and $ 3.5 million annual operational loss avoidance.
• Consolidated operations with construction of new headquarters and hired new accounting and administrative staff with un-interrupted transition annual savings $ 2 million including educational tax credits and property tax abates.
• Increased focus product sales 17 % with economic model for redirecting resources to enhanced market presence with selling manpower though process re-engineering gains.
• Coordinated with President and Directors of Marketing and Sales on product positioning, pricing, rebates, commission plans, business plans, strategic planning, budgets, and forecasts.
• Directed strategic decision support process in identifying/planning organization changes and growth opportunities.
Operational Leadership
• Served as VP- South Bend Operations, 2001 – 2006 simultaneous with CFO role.
• Directed implementation of merger with acquired New York company which became headquarters.
• Assumed facilities management and operations for New York and Indiana sites.
• Achieved 5% sustained annual cost improvements by implementing advanced management methods:
Financial Leadership
• Turned losing operations by directing short and long range financial planning, forecasting, analysis and control, cost analysis, and financial reporting.
• Saved $ 2.4 million by consolidating accounting including tax reporting / filing and treasury services with headcount and value added evaluation.
• Installed worldwide integrated costing systems and product line hierarchy/chart of accounts.
• Presented consolidated domestic and international sales and profit report analysis and projections to employee meetings, customer/vendor forums, senior management and board meetings
• Lowered employee benefits by $ 200K directing human resources.
• Information Technologies progression – systems planning, implementation and integration with resulting savings and lower IT ratio to sales:
AS400 - Bayer Mainframe - Fourth Shift - J D Edwards -SAP R3 Enterprise
• Led conversion of 2003-05 financial records to IFRS International Financial Reporting Standards.
Bayer Dental Products, South Bend, IN 1990 – 1995
$40 million manufacturer of consumable dental products; subsidiary of public company Bayer AG.
Controller
• Directed and prepared periodic closing including analysis of income & expense statements, sales price volume and gross margin reporting for worldwide, domestic, export and Canada; reported to division president and Corporate VP Controlling.
• Prepared business unit’s annual zero based budgets, forecast and business plans (product and departmental levels).
• Maintained general ledger accuracy and product line financial statement reporting to Bayer standard practices.
• Prepared capital forecasts and plans with associated return analysis.
• Built all financial systems and controls after uncovering pre-existing fraud in accounting.
• Turned business around with new products, purchased patent technology and process rationalization.
• Financial and administrative due diligence of sale to Heraeus Kulzer in 1995.
Bayer Corporation, Elkhart IN/ Leverkusen, Germany, 1979 – 1990
Financial Manager
$1.5 billion manufacturer of pharmaceutical, consumable and diagnostic products subsidiary of Bayer AG.
• Delegate (1986 to 1988) in Leverkusen Germany at Bayer AG world headquarters for Healthcare Sector and Corp. Controlling representing North American subsidiaries.
• Budgeting Manager, IT Division Controller and Cost Accounting for Research Products Division.
• Appropriation Request Coordinator – Evaluated and presented new capital expenditure request and served as secretary to corporate review committee.
• Engineering and Facilities Accounting Manager – Led accounting for engineering and facilities at Elkhart campus including fixed asset accounting.
EDUCATION
Bachelor of Science in Business Administration – Accounting Major
Valparaiso University, Valparaiso, IN
Executive Leadership Training – University of Notre Dame
Certified Public Accountant
Indiana
COMPUTER SKILLS
Word, Excel, Outlook, Visio and PowerPoint
Database Management: SAP R3 Enterprise
AFFILIATIONS
Member, American Institute of Certified Public Accountants & Indiana CPA Society
Financial Executives International
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