Mark Thomas Striepling
Palos Heights,IL
Summary
Finance leader with extensive global expertise in the areas of Internal Audit, Credit and Collections, Accounts Receivable, and Customer Care Applied Lean Six Sigma methodologies to drive process/performance improvement, system automation, and effective controls in all areas of responsibility.
Overview
34
34
years of professional experience
1
1
Certification
Work History
Director of Internal Audit
Elkay Manufacturing Company
Oak Brook , IL
2017.05 - Current
- Implemented in-house internal audit function. Created audit charter and communicated department mission across global leadership team.
- Earned global leadership trust thru continued education and execution of effective governance, risk, and compliance activities.
- In advisory role, implemented effective cycle count program in several plants to eliminate YE full physical inventories resulting in significant expense reduction and productivity improvement.
- Develop, manage, and execute the annual internal audit plan which effectively factors corporate risk landscape.
- Perform continuous enterprise risk assessments and update the internal audit plan accordingly
- Design and execute well planned audit programs and monitor corrective action to remediate identified deficiencies
- Performed comprehensive operational audits of acquisitions within first year
- Output included control assessments and operational integration recommendations
- Prepare and present quarterly reporting to the audit committee
- Coordinate with Elkay's external audit firm to facilitate reliance on IA output. Reduced external audit fees by conducting YE inventory audit activities on their behalf.
Director of Credit, A/R, and Customer Care
Elkay Manufacturing Company
2009.11 - 2017.04
- Created and implemented global credit policies and procedures to optimize risk/revenue considerations
- Implemented Lean methodologies across order-cash cycle to establish continuous improvement culture
- Selected and implemented automated credit & collections software
- Accelerated cash flow triggered 9-month payback on investment
- Reduced DSO, bad debt, and expense by 28%, 46%, and 15% respectively while maintaining an accommodating credit policy
- Developed effective partnerships with Elkay senior management team
- Led joint customer visits to negotiate terms which resulted in favorable revenue, profit margin, and cash flow outcomes.
- Collected data and performed trend and variance analysis to mitigate risk arising from bad debt
Director of Financial Services
Tellabs Operations Inc.
Naperville , IL
1999.01 - 2009.11
- Effectively negotiated strategic customer/supplier contracts as member of executive global leadership team
- Included extensive travel in Europe, Asia, and Latin America
- Achieved revenue targets while limiting bad debt expense ¼ of 1% of revenue in unstable telecommunications market
- Successfully implemented new Payroll platform and automated time keeping system. Automation enabled 40% staff reduction and improved customer service
- Led corporate acquisition integration activities.
- Managed Finance outsourcing initiative in India
- Drove headcount reduction of combined operations
- Maintained high-performance teams with minimal turnover thru 9 rounds of restructure activities.
Global Credit Manger
Tellabs Operations Inc.
Naperville , IL
1990.01 - 1999.01
- Leadership role SAP system installation.
- Approved configuration decisions, re-engineered processes, and conducted global user training
- Created and implemented global policies and procedures for Credit and Vendor Financing
- Launched successful vendor finance program to support product line. Quantifiable revenue and profit margin impact and increased market share..
Senior Credit Manager
MCI Telecommunications
Chicago , Illinois
1988.01 - 1990.01
- Responsible for all aspects of credit and collection for Midwest Division
- Created/implemented policies/procedures for the Midwest division which were adopted corporate wide as best in class based on year 1 performance results.
Education
MBA - Finance and Systems Administration
Roosevelt University
Chicago, ILB.S - Finance
Northern Illinois University
DeKalb, ILSkills
- Quality Assurance
- Team Building Leadership
- Strategy Development
- Risk Assessment
- Critical Thinking
- Relationship Building
- Prioritizing and Planning
- Compliance Assessment
Certification
- CPA - Certified Public Accountant
- CIA - Certified Internal Auditor
- CCE - Certified Credit Executive
- IASSC - Lean Six Sigma Green Belt
- APM - Accounts Payable Manager Certification
Timeline
Director of Internal Audit
Elkay Manufacturing Company
2017.05 - Current
Director of Credit, A/R, and Customer Care
Elkay Manufacturing Company
2009.11 - 2017.04
Director of Financial Services
Tellabs Operations Inc.
1999.01 - 2009.11
Global Credit Manger
Tellabs Operations Inc.
1990.01 - 1999.01
Senior Credit Manager
MCI Telecommunications
1988.01 - 1990.01
MBA - Finance and Systems Administration
Roosevelt University
B.S - Finance
Northern Illinois University
- CPA - Certified Public Accountant
- CIA - Certified Internal Auditor
- CCE - Certified Credit Executive
- IASSC - Lean Six Sigma Green Belt
- APM - Accounts Payable Manager Certification