Michael J. Hensen
CAMBRIDGE,MA
Summary
Results-driven leader with strong background in strategic management and organizational growth. Skilled in developing and implementing effective business strategies, optimizing processes, and driving team performance. Known for adaptability, effective collaboration, and delivering measurable outcomes in dynamic environments. Strong communication and problem-solving abilities, coupled with focus on fostering productive and positive team culture.
Overview
40
40
years of professional experience
Work History
Director Finance – Financial Planning and Analysis
Insulet Corporation
04.2016 - Current
- Key finance leader supporting strategic business transformation decisions that drove +20% revenue growth, manufacturing capacity expansion, and 20% gross margin growth.
- Key member of the team that drove manufacturing transformation; building inhouse manufacturing capability in Acton, Ma, and expanded manufacturing capacity to support revenue growth.
- Developed business case that was presented to the board of directors to gain approval for $200M investment in inhouse, highly automated manufacturing in Acton, Ma.
- Supported transformation of European business from a low margin distributor model to high margin direct model that increase margins by 500bps.
- Worked closely with the procurement organization to realize $43M in cost savings that drove 20% gross margin growth.
- Lead kaizen of cost accounting processes; eliminated waste, improved data accuracy, and removed three days from the cost close process.
- Re-organized the cost accounting and operations finance team and recruited and developed a team of four high-performing finance professionals.
- Lead the strategic planning process for manufacturing that provided the road map for global supply chain operations investment in capacity and capability over the five-year planning horizon.
- Key member of the project team that upgraded Insulet’s ERP system; helped design the cost accounting interfaces between new manufacturing equipment and ERP.
Senior Finance Manager – Financial Planning and Analysis
Royal Philips
10.2013 - 04.2016
- Senior finance professional responsible for financial planning and analysis services to the senior management of a $2B global healthcare equipment business.
- Increased effectiveness of R&D investment through improved analysis of cost structure and footprint and increased transparency to portfolio of investments.
- Influenced senior leaderships decision making including the decision to rationalize manufacturing locations.
- Implemented a standardized project evaluation template to assist with new product portfolio prioritization and decisions.
- Helped shape the future of the business by leading a five-year strategic plan which identified a path to drive increased shareholder value through new product development roadmap including ROI, NPV, and key project metrics.
- Influenced a major business investment decision to protect rights to future sales and profits.
Senior Finance Manager – Global Supply Chain
Starbucks Coffee Company
09.2006 - 10.2013
- Finance leader responsible for overall financial management of a $540M global supply chain.
- Drove $21M or 4% reduction in freight, distribution, and store delivery through improved cost transparency and decision support for business leaders.
- Improved quality of analysis and decisions by upgrading the finance organization to provide critical decision support analysis and identify cost savings initiatives.
- Provided financial leadership to supply chain VPs and directors providing input on strategic initiatives, operational and financial performance.
- Lead six financial professionals responsible for financial oversight, operational budgeting, forecasting, and strategic planning for a global network of five manufacturing locations.
- Reduced planning time by 30% by leading a special project to reengineer Starbucks corporate-wide planning and forecasting process with a LEAN focus.
- Established a strategic dashboard for manufacturing plants to focus management attention on key performance indicators and drive operational and financial performance.
- Restructured the financial support organization to be focused on decision support rather than transaction processing and simple variance analysis.
Finance Manager – Supply Chain
Starbucks Coffee Company
11.2004 - 09.2006
- Lead six individuals responsible for financial oversight, operational budgeting, forecasting, and strategic planning for $400 million global supply chain and manufacturing organization.
- Generated over $500 million in profit contribution programs over five years through strategic planning process.
- Guided executive management decision making through key performance measurement of the financial and operational performance of the manufacturing and supply chain operations.
- Implemented the due diligence process and Sarbanes-Oxley audits to mitigate the risk.
- Responsible for guiding the supply chain business intelligence project that provided management with immediate access to critical decision support information.
Manager, Cost Accounting
Manager, Cost Accounting
08.2001 - 11.2004
- Recruited, developed, and lead a seven-person team working within a dynamic growth environment whose responsibilities include accounting for and managing over $250 million of retail inventory and $340 million in global supply chain expenses.
- Created a culture of customer service and engagement resulting in cross functional teams that successfully implemented manufacturing and warehouse management systems, certified cycle count program, and numerous process improvements.
- Identified opportunities for process improvements through rigorous problem-solving techniques such as total quality management and six-sigma.
- Provided critical strategic input to manufacturing, distribution, and accounting organizations to design processes to allow company to grow in excess of 20 percent annually.
Manager of Finance
AMAZON.com
06.1999 - 08.2001
- Established structure and control in a dynamic entrepreneurial culture. Responsible for the creation of Amazon’s SEC segment reporting and operational cost analysis.
- Developed the methodology for allocating all operating costs to product lines allowing for product line profitability analysis and SEC segment reporting.
- Implemented a capital appropriation tracking process in a highly entrepreneurial culture within an organization experiencing triple digit growth.
- Increase profitability by developing a contribution margin analysis to enable item rationalization.
Instructor in Accounting and Finance
Ohio Dominican College
09.1997 - 05.1999
- Instructor and advisor for undergraduate business students at an inner-city college that serves a diverse, multicultural population.
- Developed, planned, and taught courses within the business department, including Financial, Managerial, Intermediate, Advanced, Taxation, and Cost Accounting and Managerial Finance.
- Key contributor to visioning groups both within the department and the college for the purpose of expanding and improving the school programs.
Manager of Financial Control
Spiegel Inc.
09.1992 - 09.1997
- Established and managed all areas of accounting and finance including payroll, accounts payable, general accounting, and financial planning for DFS, Inc., the distribution subsidiary of Spiegel, Inc.
- Recruited and developed staff including an accounting supervisor, six accounts payable associates, a payroll associate, a financial analysis supervisor and a cost analyst.
- Established the accounting structure to incorporate Activity Based Cost concepts and developed transfer pricing to charge Eddie Bauer and Spiegel for distribution services.
- Implemented ADP payroll system and a LAN based Great Plains, Dynamics, accounting package to allocate and report distribution expense.
Cost Accountant
PPG INDUSTRIES
07.1985 - 09.1992
Education
Masters of Business Administration - Emphasis in International Business
University of Pittsburgh
Bachelors of Business Administration - Accounting, Finance
University of Wisconsin – Madison
Skills
- Relationship building
- Strategic planning
- Verbal and written communication
- Decision-making
Timeline
Director Finance – Financial Planning and Analysis
Insulet Corporation
04.2016 - Current
Senior Finance Manager – Financial Planning and Analysis
Royal Philips
10.2013 - 04.2016
Senior Finance Manager – Global Supply Chain
Starbucks Coffee Company
09.2006 - 10.2013
Finance Manager – Supply Chain
Starbucks Coffee Company
11.2004 - 09.2006
Manager, Cost Accounting
Manager, Cost Accounting
08.2001 - 11.2004
Manager of Finance
AMAZON.com
06.1999 - 08.2001
Instructor in Accounting and Finance
Ohio Dominican College
09.1997 - 05.1999
Manager of Financial Control
Spiegel Inc.
09.1992 - 09.1997
Cost Accountant
PPG INDUSTRIES
07.1985 - 09.1992
Bachelors of Business Administration - Accounting, Finance
University of Wisconsin – Madison
Masters of Business Administration - Emphasis in International Business
University of Pittsburgh
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