Brian Bennett
Missouri City,TX
Summary
Performance-driven Vice President with 21 years of experience aligning systems with business requirements, policies, and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams. Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.
Overview
18
18
years of professional experience
Work History
Vice President Corporate Controller
Waukesha-Pearce Industries, LLC
01.2023 - Current
- Oversaw all aspects of monthly financial reporting and relationships with banks, revenue in excess of $800M, EBITDA $83.7M
- Successfully completed two acquisitions in excess of $55M
- Integrated ERP’s and accounting processes with the recently acquired companies
- Increased EBITDA from $42.3M to $83.7M 3/20–12/23
- Reduced Cash Conversion Cycle 40 days (196 to 156).
- Cultivated strong relationships with key stakeholders, including customers, vendors, regulators, and community leaders to promote collaboration and long-term success.
- Led cross-functional teams for the successful completion of major projects, resulting in increased efficiency and client satisfaction.
- Demonstrated proficient leadership skills to motivate employees and build competent teams.
- Collaborated with senior management to develop strategic initiatives and long term goals.
- Managed financial planning and budgeting processes, ensuring fiscal responsibility and maximizing return on investments.
- Managed external audits effectively, resulting in clean audit opinions year after year.
- Oversaw treasury functions including cash management activities, optimizing working capital levels for maximum return on investment while minimizing risk exposure.
Director of Financial Analysis & Cost Control
Waukesha-Pearce Industries, LLC
05.2018 - 01.2022
- Managed income statement, revenue ~$450M
- Reduced slow moving inventory $1.5M
- Created labor utilization reports highlighting inefficiencies
- Aided in distribution agreement resulting in rebates of $0.7M
- Launched new Canadian division, total investment ~$19M
- Implemented matrix pricing increasing parts margin 3.3%
- Designed tax strategy that saved $4.4M.
- Implemented robust risk management practices to protect company assets and maintain financial stability.
- Guided and trained less experienced financial analysts.
- Worked with management to provide decision support analysis.
Controller
Fairfield Manufacturing
01.2015 - 05.2018
- Prepared the annual budget for the company, revenue ~$400M
- Implemented working capital meetings to improve cash flow
- Collaborated in annual external audit
- Created payback models for capital requests
- Quoted key projects with Allison and Tesla
- Aided in the union negotiation
- Created labor force staffing plans based on backlog and forecasts
- Reduced slow moving inventory and released $350k of reserve
- Set standard costs for manufactured parts.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Prepared balance sheets, cash flow reports and income statements.
Senior Cost Accountant
Evonik
01.2014 - 01.2015
- Performed monthly close activities
- Prepared financial models for production line expansion
- Created financial report for production campaigns
- Aided in cost analysis of new product launches
- Managed and maintained standard costs.
Supply/Demand Manager
Chemtura Chemical Corp
01.2013 - 01.2014
- Collaborate with the sales and commercial team to accurately forecast revenues in excess of $220M annually
- Manage global supply chain to support strategic initiatives for growth in new regions
- Sales volumes increased 350%
- Oversee contract manufacturing supporting $32M in revenue
- Reduced distribution cost, benefit of $1.3M annually
- Collaborate with sales to reduce slow moving inventory by $2.1M
- Reduce cost $0.4M annually by establishing a contract manufacturing site.
Lead Financial Analyst
Chemtura Chemical Corp
01.2011 - 01.2013
- Prepare financial forecast for strategic business units with revenue of $520M and operating income exceeding $100M
- Analyze and explain monthly financial results to the commercial leaders, highlighted risks and opportunities to the forecast
- Aid in the preparation of the annual operating plan
- Evaluate production costs and presented reduction plans.
- Conducted sensitivity analyses to assess potential risks associated with various business scenarios, enabling proactive mitigation strategies where needed.
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Developed financial projections and forecasts to guide investment decisions.
Manager Data & Information Services
Purdue University
01.2009 - 01.2011
- Prepare monthly financial reports
- Establish monthly data audits to ensure government compliance for over 15 government organizations
- Develop SAP reports for government requirements such as ARRA
- Improve grants management reporting in SAP
- Streamline business processes increasing productivity
- Aid in fixed asset revaluation project.
Demand Manager
Chemtura Chemical Corp.
01.2007 - 01.2009
- Produce monthly sales demand forecasts
- Prepare position reports and establish potential supply risks
- Aid in tracking price over raw material costs
- Create forecast accuracy reports.
- Identified excess inventory and developed sales plans to sell inventory, reducing inventory 9%
Education
Master of Business Administration -
University of Southern Indiana
Evansville, Indiana01.2019
Bachelor of Science in Accounting -
Purdue University
West Lafayette, Indiana01.2003
Skills
- Financial Systems and ERP's
- Team Leadership
- Relationship Building
- Decision-Making
- Critical Thinking
- Strategic Planning
- Process Improvement
- Forecasting
- Organizational Development
- Procedure Implementation
Timeline
Vice President Corporate Controller
Waukesha-Pearce Industries, LLC
01.2023 - Current
Director of Financial Analysis & Cost Control
Waukesha-Pearce Industries, LLC
05.2018 - 01.2022
Controller
Fairfield Manufacturing
01.2015 - 05.2018
Senior Cost Accountant
Evonik
01.2014 - 01.2015
Supply/Demand Manager
Chemtura Chemical Corp
01.2013 - 01.2014
Lead Financial Analyst
Chemtura Chemical Corp
01.2011 - 01.2013
Manager Data & Information Services
Purdue University
01.2009 - 01.2011
Demand Manager
Chemtura Chemical Corp.
01.2007 - 01.2009
Master of Business Administration -
University of Southern Indiana
Bachelor of Science in Accounting -
Purdue University
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