Melissa L. Savich
Financial Executive
Macomb,MI
Summary
Results-oriented Chief Financial Officer bringing 17 years of experience in Manufacturing. Strong history of achieving both financial and non-financial business goals with effective controls and planning.
Overview
16
16
years of professional experience
7
7
years of post-secondary education
Work History
Chief Financial Officer
GREAT LAKES CASTINGS LLC
Ludington , Michigan
2021.02 - 2022.05
- Responsible for employees at two locations for all functions of Accounting, Payroll, A/R, A/P, Treasury, Human Resources and IT.
- Strategic business partner to the CEO in formulating the company's future direction and develop benchmarks to align goals and strategies with underlying financials.
- Advised other executive leaders on strategies and intelligence to form relationships, understand current performance and set agenda for execution.
- Directed the implementation of new ERP system for all financial, purchasing, sales and shop floor (manufacturing) functions from company's outdated and unsupported system.
- Maintained relationship with external auditors to hedge against or mitigate operational risks and investigated any findings or recommendations.
Corporate Controller
UACJ AUTOMOTIVE WHITEHALL INDUSTRIES Ludington
, Michigan
2017.08 - 2021.02
- A division of a Japanese owned pubic company (UACJ), that is a global supplier of precision extruded aluminum automotive components and assemblies
- Primary responsibility for accounting, finance, and treasury
- Oversee all entities accounting matters, including AP, AR, fixed assets, GL, payroll, borrowing, tax planning/prep.; responsible for cash flow; closing ledgers and prepare financial reports monthly
- Participate in financial strategic planning, prepare, and develop bottoms up revenue and expense budgets and forecasts based on company initiatives
- Internal and external audit responsibility
- Implemented procedure for capital and tooling forecasting and tracking saving the company $1M in savings on spend of equipment as well as increased timely cash flow for tooling reimbursement.
- Established procedures and improved account reconciliations
- Devised and implemented weekly cash flow forecasting that generated increases in available cash and improved AP process
- Developed internal control system, recommend areas for improvement both financial and operational and established new accounting policies and procedures.
Controller/Assistant Controller
ALCOA/ARCONIC, HOWMET CASTINGS
Whitehall , Michigan
2015.01 - 2017.01
- Coordinated and prepared the budget and financial forecasts with report variances for two plants with $480 million monthly revenue.
- Cash management and purchase order approval based on forecast.
- Daily reporting of operational results, including but not limited to labor and overhead production, outsourcing and scrap variance to senior executive management.
- Ad Hoc reporting as required by segment controller and V.P. of Operations.
- Analyze and update standards and part routing.
- Part of plant management staff, with dotted line reporting to Plant Manager.
- Trained and managed plant intern(s) and financial rotational intern
- Primary responsibility for reporting of all KPIs along with month end close activities
- Participated in daily plant control meetings with engineering, planning, safety, and operations
- Conducted monthly leadership observations in the plant pertaining to safety and human performance.
Managerial Accountant
CWC TEXTRON
Muskegon , Michigan
2013.08 - 2015.01
- Gathered financial information, prepared documents and closed books for manufacturing plant.
- Created budgets and forecasts for management group to meet regular accounting deadlines.
- Managed A/P and A/R along with collections and payment applications.
- Member of plant audit team for ISO certification.
Corporate Senior Accountant
ACUMENT GLOBAL TECHNOLOGIES
Sterling Heights , Michigan
2005.09 - 2013.08
- Performed accounting, budgeting, and forecasting for 13 business entities.
- Maintained tracking and accounting of fixed assets for 10 global locations.
- Support general ledger, journal entries, trial balance, month-end close, AOP budgeting, internal/SOX auditing, and centralized liability allocation.
- Performed P&L analysis and variance analysis.
- Oversee and completed corporate banking reconciliations for 10 global bank accounts.
- Maintained intercompany transactions for 47 global locations.
- Reduced costs 50% in the pin shop and gauge assembly by analyzing and streamlining procedures.
- Trained new department members in job responsibilities and company procedures.
- Part of a team that selected and implemented new insurance policies for global operations company wide, improving risk management.
Education
MBA - Accounting
WALSH COLLEGE OF BUSINESS AND ACCOUNTING
Troy, MI 2003.09 - 2007.06
Bachelor of Science - Finance, Business Law
CENTRAL MICHIGAN UNIVERSITY
Mt. Pleasant, MI 1991.08 - 1994.12
Skills
Executive Partner
Affiliations
Central Michigan University Alumni Association
Alpha Sigma Tau National Sorority Alumna Member
Timeline
Chief Financial Officer
GREAT LAKES CASTINGS LLC
2021.02 - 2022.05
Corporate Controller
UACJ AUTOMOTIVE WHITEHALL INDUSTRIES Ludington
2017.08 - 2021.02
Controller/Assistant Controller
ALCOA/ARCONIC, HOWMET CASTINGS
2015.01 - 2017.01
Managerial Accountant
CWC TEXTRON
2013.08 - 2015.01
Corporate Senior Accountant
ACUMENT GLOBAL TECHNOLOGIES
2005.09 - 2013.08
MBA - Accounting
WALSH COLLEGE OF BUSINESS AND ACCOUNTING
2003.09 - 2007.06
Bachelor of Science - Finance, Business Law
CENTRAL MICHIGAN UNIVERSITY
1991.08 - 1994.12
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