CRAIG J. CORDAY, CPA
Franklin, Wisconsin 53132
Cell: 414-***-****
Email: ************@*****.***
BACKGROUND SUMMARY
Financial Executive with 20 years experience in diverse manufacturing and distribution operations, with expertise in managing change within both explosive growth and declining business environments.
Functional experience includes:
Strategic planning
Budgeting/forecasting
Systems development
Cash Flow Management
Foreign exchange management
NAFTA reporting/planning
Job and process cost Accounting
Operations start up
Asset management/utilization
Acquisitions/Divesture
Financial analysis
Inventory control
EMPLOYMENT HISTORY
Baker Tilly Staffing, Milwaukee, WI 2011 to present
Working on several projects, performing various accounting and finance functions on a project/contract basis.
Innoware Paper, Inc., Menomonee Falls, WI 2007 to 2011
A niche, paper converting manufacturer of paper plates and napkins, with annual sales over $50 million.
Controller
Directly responsible for all accounting, procurement and financial functions of a successful turnaround situation, including relocating the entire financial function from our sister company.
• Successfully completed relocation of the entire financial function from our sister company in GA., including hiring complete staff, which remains intact 3 years later.
• Completely reorganized the procurement function to establish much needed controls, which increased inventory accuracy and improved efficiency of obtaining materials resulting in an increase in inventory turns by 50%.
• Key team leader in the full implementation of a new ERP system, accomplishing two weeks ahead of plan and $40k under projection..
• Completed annual audit in half the time taken in prior years, with greatly reduced audit fees. This also resulted in no audit adjustments from internally issued financial statements.
• Took over and managed the Business Insurance responsibility resulting in a premium savings of 32% and the creation of a Safety Committee to decrease worker’s comp risk.
• Streamlined inventory transaction processing, increasing efficiency of processing and decreasing the inventory reporting from a three day lag to a 12 hour lag.
• Initiated and fully implemented automated labor and job reporting system, resulting in an 18% increase in labor efficiency and the elimination of 2 clerical, data entry clerks.
• Through extensive use of Crystal Reports, extracted data from ERP systems, formatted into usable form, enable management to have the proper information to make key decisions on a timely basis.
CRAIG J. CORDAY, CPA
Page 2
Self Employed, Franklin, WI 2007
Generated cash flow through purchase and sale of antiques and other goods. Using negotiation and knowledge to run a successful business. Successfully completed consulting engagements as well.
DexM Corporation, Waukesha, WI 2005 to 2007
A rapidly expanding manufacturer and distributor of fasteners in both commercial and aerospace industries with annual sales over $20 million
Controller
Member of management team tasked with managing explosive growth in a very competitive industry. Directly responsible for all aspects of financial and operational reporting, human resource functions and inventory and procurement management, including extensive importing from the Far East.
• Successfully completed set up of subsidiary in Hong Kong for sourcing products in China and completing the acquisition of a $7 million operation in Burbank, CA.
• Implemented work rules and safety program that improved efficiency in plant and warehouse and reduced Worker’s Compensation costs by 35% annually.
• Took lead in implementation of new Syspro software system which improved computer usability across both manufacturing and distribution divisions, enabling company to decrease both administrative and production/warehousing headcount.
Self Employed, Franklin, WI 2002 to 2005
Generated cash flow through purchase and sale of antiques and other goods. Using negotiation and knowledge to run a successful business.
MERIDIAN INTERNATIONAL GROUP, INC., Milwaukee, WI 2000 to 2002
A global supplier and manufacturer of various metal products and services with annual sales over $25 million.
Director of Administration/Controller
Key member of strategic management team of holding company of three companies, on two continents. Directly responsible for all aspects of financial and operational reporting, accounting and administrative, customer service and the scheduling/purchasing functions. Direct involvement in the entire decision-making process, including manpower planning and labor reporting, quoting and pricing, production-planning and automation.
• Successfully completed the implementation of integrated Vantage ERP software system, including MRP and manpower scheduling modules resulting in increased inventory turns, improved on-time delivery and reduced inventory carrying costs.
• Working with loss control specialists, completely revamped the job process flow and safety programs, taking company’s worker’s compensation coverage from the state pool to regular carrier, resulting in a 34% reduction in premiums.
• Working with loss control specialists, completely revamped the job process flow and safety programs, taking company’s worker’s compensation coverage from the state pool to regular carrier, resulting in a 34% reduction in premiums.
CRAIG J. CORDAY, CPA
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TOWER AUTOMOTIVE, Milwaukee, WI 1998 to 2000
A worldwide designer and manufacturer of structural automotive parts and assemblies with annual sales over $2.7 billion.
Business Unit Controller
Member of leadership team involved in all aspects of running a $40 million tooling/prototype business unit. Extensive involvement in the entire business decision making process, including manpower planning, capital equipment and asset utilization, quoting and pricing, labor reporting and collections.
• Reduced average accounts receivable days outstanding by 67, creating favorable cash flow.
• Provided detailed analysis and projections to facilitate senior management’s decision to exit the new tooling business, leading to favorable corporate cash flow.
MINIATURE PRECISION COMPONENTS, INC, Walworth, WI 1994 to 1998
QS certified worldwide designer, manufacturer and supplier of plastic automotive parts and assemblies with annual sales over $100 million.
Controller 1996 to 1998
Responsible for entire financial and operational reporting for seven locations, including three foreign entities, accounts payable and receivable, cash management and cost accounting.
• Established solid credit/collections procedures, which took the company from a net borrower to a $6 million net investor in commercial paper.
• Set up separate companies in Mexico and United Kingdom and incorporated their reporting into consolidated reports, including translation and valuation.
• Developed a NAFTA reporting system in compliance with U.S. Customs regulations. Negotiated a settlement with U.S. Customs regarding prior non-compliance issues, saving $700,000.
International Controller 1994 to 1996
Responsible for complete financial and operational reporting of facility in Mexico, requiring frequent travel. Developed business plan and reporting system for U.S. and Mexican Customs, as well as Mexican governmental reporting.
• Established successful, dedicated team in Mexico, resulting in streamlined finance operations and improved accuracy and timeliness of reporting.
ECM MOTOR CO., INC, Elkhorn, WI 1988 to 1994
ISO certified $40 million manufacturer of electromagnetic motors. Controller
SQUARE D COMPANY, Palatine, IL 1986 to 1988
Worldwide supplier of electrical control equipment. Staff Accountant
EDUCATION
B.S. Accountancy, Northern Illinois University, Dekalb, IL
CERTIFICATION
Certified Public Accountant, Illinois Certificate No. 41398, November, 1985