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Michael B

CFO - Experienced Profit Builder through Strategic Improvements in Growth, Efficiency, & Cost Control

Occupation:

Chief Financial Officer

Education Level:

Master

Will Relocate:

YES

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* My objective is to continue a track record of strategically developing organizations to accomplish their mission by focusing on sound financial principles of capital utilization, operational efficiency, cost control, and cash management. These principles have to be communicated effectively with understanding at all levels and should establish compliance criteria with efficienciency improvementOperational (subsidiary of International Chemical Investors Group, Inc. (ICIG) responsibility for Finance & IT functions * Reduced annual inventory write-offs from $1.5M to $0.3M * Reduced average working capital from $10m to $5M * Negotiated $500K reduction in property and workers' comp insurance (50%)by documenting risk management plan to improve safety - no lost time incidents for 3 years and no OSHA recordable incidents in more than 1 year (both continuing) * Reduced 67% increase in medical insurance to 2% without changing plan details through improved relations with insurer and creative programs to lower claims * Negotiated customer advance to fund $2M of working capital on existing project * Made decision to exercise patent on a specific product that led to partnership with major airline manufacturer * Created and implemented KPI program saving $10M and lowering fixed cost by 33% Responsible for all external reporting and currency translation under three different entity structures * Developed and published manufacturing cost standards for the company * Developed cost structure and pricing of 1st national marketing campaign for pre-approved VISA cards to net company record income from a single project Managed all accounting and purchasing functions at a $100M printing facility * Reduced inventory losses from 4% to .02% * Improved on-time billing of customer orders from 86% to 100%

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SCHOOL MAJOR YEAR DEGREE

Murray State University Murray Accounting Operations Management 1987 Master Degree
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