Amanda Nichols
Mount Juliet,TN
Summary
Dedicated Finance Executive with over 10 years of experience in all areas of finance and investment management. Hands-on leader with strong business acumen and analytical mindset to identify and correct underachieving trends. Passionate about leading diverse teams to produce outstanding reporting for internal and external stakeholders.
Overview
12
12
years of professional experience
Work History
VICE PRESIDENT OF FINANCE
TRM Innovative Hearth Products, LLC
Nashville, TN
11.2022 - Current
- Responsible for the Financial Operations for the PE backed company consisting of two manufacturing plants with consolidated sales throughout the US and Canada
- Direct, prepare, and report monthly on the consolidated Financials (P&L, NWC, FCF)
- Establish and manage monthly Plant Financials preparation and review for more transparent analysis and strategic considerations (plant contribution)
- Manage bank relationships with monthly covenant reporting, liquidity tracking and forecasting, state-of-business meetings, and quarterly audits
- Direct, prepare, and consolidate the annual budget and quarterly financial forecasts, and analyze deviations to actual performance
- Lead the company’s corporate Finance Functions incl Accounting, Controlling, Treasury, Human Resources, and IT with a staff of 10
- Strengthened financial position, reducing debt and improving liquidity ratios through diligent cash management practices.
- Streamlined month-end closing process through automation, resulting in reduced processing time and increased accuracy of reports.
- Mentored finance staff members in their professional development, fostering a culture of continuous learning within the department.
- Optimized working capital by closely monitoring cash flow, accounts receivable, inventory levels, and vendor payments.
TREASURER
TRM Innovative Hearth Products, LLC
Nashville, TN
01.2019 - 11.2022
- Lead projects from proposal through postmortem, assessing problems, proposing high-impact solutions, and executing them against a set of success criteria
- Extensive experience in leading and closing quarterly bank audits, M&E valuations, inventory valuations, yearly financial audits, sales & use tax audits, and property tax audits
- Review and analyze insurance coverage for yearly renewal and secure cost savings
- Manage compliance with tax requirements and reporting (income, payroll, sales- and use tax, property), internal and external Audits
- Analyze and review product cost on the SKU level to project budgets and highlight significant deviations
- Lead preparation of all Balance Sheet Reconciliations and review with Group Controlling
DIRECTOR OF ACCOUNTS RECEIVABLE
TRM Innovative Hearth Products, LLC
Nashville, TN
01.2013 - 01.2019
- Negotiated contracts with customers, securing increased terms that benefited both parties involved.
- Developed and fostered strong relationships with customers across US and Canada
- Presented quarterly business reviews to executive leadership, showcasing department accomplishments and outlining strategic plans for continued growth.
- Increased client satisfaction by streamlining account management processes and improving communication channels.
- Created detailed budgets and forecasts for all major clients, enabling them to make well-informed decisions about their financial future.
- Identified new business opportunities from existing accounts.
Education
Bachelor of Science in Accounting -
Kaplan University
01.2012
Associate of Arts -
Craven Community College
01.2010
Skills
- Regulatory Compliance Knowledge
- Financial Process Improvement
- Annual budgets
- Cash Flow Management
- Financial Strategy Development
- Working capital management
- Financial Modeling and Forecasting
- Financial analysis and reporting
- Operational Controlling
- Finance / Accounting / Treasury
Professional Highlights
- Managed through hyper-inflation on several critical commodities as well as an on-going labor constraint, and safeguarding the company’s bottom-line by pushing the first industry price increase since 2013, adding annual revenues of 24m USD
- Positioned rapidly growing, privately held manufacturing company for acquisition by bringing transparency to Financial Operations by establishing a comprehensive reporting framework.
Timeline
VICE PRESIDENT OF FINANCE
TRM Innovative Hearth Products, LLC
11.2022 - Current
TREASURER
TRM Innovative Hearth Products, LLC
01.2019 - 11.2022
DIRECTOR OF ACCOUNTS RECEIVABLE
TRM Innovative Hearth Products, LLC
01.2013 - 01.2019
Bachelor of Science in Accounting -
Kaplan University
Associate of Arts -
Craven Community College