BRENDA M. FAKES
Fort Mill
Summary
Dynamic finance professional with extensive experience at Diversey, adept in SAP systems and financial analysis. Proven track record in managing budgets and forecasts, driving cost savings initiatives, and leading teams. Strong analytical skills complemented by effective communication, ensuring alignment between financial objectives and operational strategies.
Overview
27
27
years of professional experience
Work History
Supply Chain Finance Lead – North America
Diversey – A Solenis Company
06.2018 - Current
- Provide financial support for the hDiversey manufacturing plants & warehouses in North America.
- Review monthly expenses for all hDiversey manufacturing plants & warehouses. Work with our team in India to process any additional journal entries for the month. Review freight costs/work with Corporate Accounting group to identify any issues.
- Update monthly SC Operations presentation & explain variances vs budget & prior year.
- Review & maintain regional warehouse adders.
- Support explaining new & existing product costs. Create cost estimates for new products when requested by Marketing/Commercial teams.
- Prepare quarterly forecasts for hDiversey manufacturing plants & warehouses.
- Assist hDiversey plants with SMOG reports.
- Prepare annual operating budgets (AOP) for all hDiversey manufacturing plants & warehouses.
- Assist India team with calculating new labor & machine rates at the manufacturing plants.
- Assist with physical inventory at any sites where an annual physical inventory is required.
- Integration from SAP SEP system to SAP G3 system.
- Manager of people from June 2018 thru December 2024.
Senior Financial Analyst – NA Supply Chain
Diversey – A Solenis Company
03.2010 - 06.2018
- Provide financial support for our two manufacturing facilities in Canada and the Dosing & Dispensing Equipment group, including analyzing plant expenses, analyzing monthly absorption and other additional projects. Assist NA Supply Chain Finance Manager with any projects in our area.
- Prepare monthly production reports, expense analysis, capital and cost savings tracking for all Canadian manufacturing plants, along with Dosing & Dispensing Equipment. Additional month-end responsibilities include preparing forecasts for absorption, capital spend, and cost savings projects.
- Assist in preparing the NA Diversey Care information for the monthly NA Ops Review.
- Complete schedules for NA Diversey Care manufacturing/capital projects.
- Prepare quarterly E&O Reserve calculation for all of North America, along with preparing and booking the journal entries.
- Prepare rolling 14 month forecast for NA Supply Chain & enter into Hyperion Planning/HFM.
- Prepare annual operating budgets for the Canadian manufacturing plants, along with Dosing & Dispensing Equipment. Includes calculating the absorption rates, capital spend, and cost savings projects.
- Work with the LATAM Shared Services group to perform the annual cost roll.
- Annual Physical Inventory – traveled to the London, Canada plant and warehouse for financial support and observation during the physical inventory. Also coordinate the Physical Inventory counts for other locations performing physical inventory.
- Assist in closing our Edmonton, Canada manufacturing plant and relocating the warehouse.
- Assist in closing our Madera, California manufacturing plant and relocating the warehouse.
- Assist in moving manufacturing operations from Waxdale/Racine WI to London, Watertown, and selected Contract Manufacturers.
Senior Financial Analyst – I&L
Diversey – A Solenis Company
08.2005 - 03.2010
- Track and analyze SG&A expenses for the NA I&L (Institutional & Laundry) group, including monthly forecasting and annual budget process.
- Participate in the month-end close process, which includes analyzing rebate expenses, and all SG&A expenses for the NA I&L group. The process consists of tracking expenses by customers, and booking monthly accruals for rebates, promotional expenses, and any outstanding sales force expenses at month-end. Prepare the monthly/YTD analysis of the SG&A variances and complete the remaining year forecast for the SG&A expenses.
- Review current sales forecast and make appropriate changes to sales bonus accrual. Submit various account reconciliations quarterly to Global headquarters for accrual accounts.
- Prepare annual SG&A budgets for the NA Institutional & Laundry group. This includes entering the budgets into the software system, publishing reports, and compiling the final budget presentation package.
Business Support Sr. Analyst – North America Group
Diversey – A Solenis Company
02.2003 - 08.2005
- Assist in consolidating and analyzing the financial statements for the North America (NA) division of Diversey Inc. Also provide financial support for the North America Marketing department.
- Collect, consolidate and analyze the financial statements from six separate business units. This includes comparing the month and year-to-date actuals to the previous year, budget, and forecast, along with consolidating the P&L forecast. Prepare monthly financial package presentation.
- Review and analyze the monthly NA Marketing operating expenses. Prepare monthly reports for the VP of NA Marketing and keep updated with any significant changes from budget.
- Work with the VP of NA Marketing to develop the NA Marketing budget. This includes functional expenses, along with project related expenses.
Sr. Financial Analyst
Shur-Line, A Newell Rubbermaid Company
St. Francis
07.2001 - 02.2003
- Assist and support the administrative departments including the Selling, Marketing, Accounting, and Human Resources Departments. Also analyze and project the sales dollars and deductions from gross sales.
- Make all entries by the third day of the month end process, update an income statement projection spreadsheet to track where we are at during the close process, and track all accruals made.
- Review our trial balance during the month end close process, reconcile any prepaid accounts, and properly record and intercompany transactions.
- Work with the Selling, Marketing and Administrative departments in order that they understand their expenses and where improvements can be made.
- Oversee the Selling, Marketing and Administrative spending portions of the budget. Make sure they have the information and tools they need to prepare an accurate budget.
- Prepare the budget for sales deductions section of the income statement. This would include Returns and Allowances, Cash Discounts, and Customer Buybacks.
- Consolidate the budget information from all areas of the company to produce an overall budget.
- Prepare an accurate forecast of our sales to our Group Controller three times a month. Also assist in preparing the monthly and quarterly packages required by our Group Controller.
- Prepare daily shipment and orders report.
- Project lead to reduce the number of finished good SKU’s 75% by the end of the first quarter 2003.
- Shur-Line is a manufacturer of paint applicators (brushes, rollers and paint pads) whose major customers include Wal
- Mart, Home Depot, and Lowe’s.
Cost Accounting Supervisor
Shur-Line, A Newell Rubbermaid Company
04.2001 - 07.2001
- Main responsibilities included reducing Excess and Obsolete Inventory, and beginning to understand the metrics of cost accounting.
Accounting Team Leader
Tower Automotive
Milwaukee
06.2000 - 04.2001
- Managed four colleagues in the Accounting area, and was responsible for giving support for the engineering, purchasing, shipping and receiving areas.
- Reconciled intercompany transactions between several business units.
- Assisted with completion of annual budget and monthly forecasts.
- Assisted with all aspects of the accounting area including Accounts Receivable, Accounts Payable, fixed assets, and project accounting.
- Completed and reviewed financial statements and analysis, comparing actual results to budget and forecast statements monthly.
- Presented monthly results to Milwaukee financial colleagues and union representatives.
- Member of management team that participated in several decision bargaining and effects bargaining meetings with union representatives.
- Tower is a global supplier of frames and other assemblies for passenger cars, sport utility vehicles, and light, medium and heavy trucks whose main customers include Chrysler, Ford and General Motors.
Project Accountant
Tower Automotive
Milwaukee
02.2000 - 06.2000
- Worked to improve the process of accounting for projects. This was accomplished by working closer with the engineers and becoming more involved with the programs.
Staff Accountant
Tower Automotive
Milwaukee
09.1998 - 02.2000
- Successfully implemented a new manufacturing software system.
- Completed numerous customer audits per their request.
- Implemented new fixed asset software system and tracked capital projects.
Education
B.S. - Accounting
Carroll College
Waukesha, WIAssociate Degree - Accounting
Waukesha County Technical College
Waukesha, WISkills
- Microsoft Office
- SAP systems
- Business Objects
- JDEdwards
- Hyperion HFM
- Hyperion Planning
Special Skills Certification
- Passed the C.P.A. Exam
- Proficient with Microsoft Office products, SAP, Business Objects (report writer), JDEdwards, Hyperion HFM, and Hyperion Planning
Timeline
Supply Chain Finance Lead – North America
Diversey – A Solenis Company
06.2018 - Current
Senior Financial Analyst – NA Supply Chain
Diversey – A Solenis Company
03.2010 - 06.2018
Senior Financial Analyst – I&L
Diversey – A Solenis Company
08.2005 - 03.2010
Business Support Sr. Analyst – North America Group
Diversey – A Solenis Company
02.2003 - 08.2005
Sr. Financial Analyst
Shur-Line, A Newell Rubbermaid Company
07.2001 - 02.2003
Cost Accounting Supervisor
Shur-Line, A Newell Rubbermaid Company
04.2001 - 07.2001
Accounting Team Leader
Tower Automotive
06.2000 - 04.2001
Project Accountant
Tower Automotive
02.2000 - 06.2000
Staff Accountant
Tower Automotive
09.1998 - 02.2000
B.S. - Accounting
Carroll College
Associate Degree - Accounting
Waukesha County Technical College