NICK BONUCCHI
Saint Joseph,MI
Summary
Business leader with strong financial competencies and proven ability to partner cross functionally and create business value. Successful background attracting, developing and retaining talent. Individual who leads with integrity, compassion and perseverance to help create environments where teams are empowered to deliver results.
Overview
13
13
years of professional experience
Work History
Director Finance, Global Strategic Sourcing
Whirlpool Corportation
Benton Harbor, MI
09.2023 - Current
- Global Finance leader of team supporting ~$15B of direct and indirect spend
- Business partner to Global Chief Procurement Officer and Regional VP's to guide operational strategy
- Developed high-performing teams by providing mentorship, guidance, and opportunities for personal development
- Enhanced team collaboration and engagement through regular communication, goal setting, and performance feedback
- Established a culture of continuous improvement through routine and activity rationalization and team ideation empowerment
Senior Finance Manager, Global Strategic Sourcing
Whirlpool Corporation
- North American Finance leader of team supporting ~$9B direct and indirect spend
- Leadership role in delivery of ~$380M year over year material cost savings: target deployment, forecasting, risk mitigation, opportunity ideation and execution
- Key leader driving strategic working capital initiatives that yielded +$150 free cash flow impact
- Implemented enhanced cost productivity reporting methodology, ensuring a direct connection to P&L drivers
- Led team through structural forecast and reporting process rebuild of inbound operations that resulted in improved forecasting predictability, enhanced data fidelity and insights and enabled more effective business partnership
- Enhanced control environment surrounding in bound freight operations and direct material purchases.
Senior Finance Manager Brand & Strategy
Whirlpool Corporation
- Finance Leader of team supporting 8 Independent Business Units totaling +$1B in Net Sales and $300M Marketing Budget
- Responsible for long range and annual planning, monthly forecasting, product investment decisions and capital allocation, financial reporting, budget management
- Continuous improvement through business unit KPI standardization
- Key leadership role in the mitigation strategy and support of patent infringement case
- Leadership role in defining strategy and kpi's for digital media return on investment effectiveness.
Finance Manager -Commercial Laundry
Whirlpool Corporation
- Finance leader with full P&L accountability of $200M Global Commercial Laundry business unit
- Business partner supporting General Manager, Sales, Marketing, Product Development
- Responsible for long range and annual planning, monthly forecasting, product investment decision making and capital allocation, financial reporting, budget management
- Key leadership role in defining profitable business turnaround strategy for industrial washer/dryer segment.
Treasury Manager -Corporate Treasury
Whirlpool Corporation
- Lead team to deliver +$50M in Free Cash Flow through strategic commodity hedge management
- Lead execution of holistic risk management initiatives resulting in $8M of annual P&L savings
- Implemented new global FX cash flow hedging strategy improving global cash flow risk reduction by $50M annually
- Partnered cross functionally to align FX metrics and reporting processes resulting in time savings of approx
- 70 hrs/year
- Key team member in € 600M bond issuance
- Lead project blueprint and selection of electronic bank account management solution
- Managed global monthly derivative accounting and hedging activities for Commodities and Foreign Exchange.
Senior Financial Analyst -Corporate Financial Planning & Analysis
Whirlpool Corporation
- Lead global P&L ($20B Sales) and FCF ($700M) forecast consolidation, analysis and reporting and provided direct support to Global CFO and Investor relations for internal planning and external financial guidance
- Lead implementation of +50 Press Release schedules in Wdesk to support effective collaboration with External/Internal Reporting driving Corporate close time savings of +20 hrs/person/week improvement
- Partnered with the Business Performance Management team to develop automated Global P&L and Free Cash flow forecast consolidation tools
- Planned and led first ever Global FP&A Seminar enabling successful team building, process alignment/improvement and training
- Developed Corp FP&A Global Systems roadmap, documenting, Long, Medium and Short Term Initiatives.
Senior Financial Analyst -Global Product Organization
Whirlpool Corporation
- Developed 'Innovation Funnel' model providing R&D organization ability to better prioritize Advanced Development investments
- Re-designed Global Innovation definitions and reporting metrics improving reporting accuracy and innovation planning
- Managed $3M HR Budget delivering superior forecast accuracy and $40K of YoY savings
- Redesigned global Total Cost of Quality consolidation and reporting process, providing approx
- 60 hrs/year of time savings
- Supported product business case financial investment analysis and leadership reviews
- Lead training sessions on Global Innovation reporting process and metrics.
Financial Analyst - Fixed Assets
Chrysler Group LLC
12.2010 - 10.2012
- Full lifecycle SAP project implementation business team member for Design, Build, Test, and Conversion phase
- Developed integrated SAP asset conversion process centralizing $3 Billion of vendor tooling assets within SAP
- Redesigned SAP depreciation areas and account structure for parallel valuation in US GAAP, IFRS, and purchase accounting revaluation(s)
- Designed WBS to asset labor settlement solution for fixed assets within SAP Asset Accounting module
- Designed IFRS development cost capitalization process within SAP Asset Accounting module
- Initiated process improvement measures surrounding capitalization, depreciation, transfers, disposals, and reuse
- World Class Administration - Cost Deployment (Activity based costing) - Piloted cost deployment in Payroll Department and identified $2 million in annual process waste.
Education
Bachelor of Science - Finance
Oakland University
Rochester, MISkills
- Profitable Growth
- Cash Flow Management
- Cost Control
- Controls & Compliance Controls
- Mentoring and training
- Strategic & Annual Planning
- Accounting
- Forecasting
Technical Strengths Capabilities
- Forecasting
- Financial Modeling
- Valuation
- Budgeting
- Accounting
- FX/Commodity risk management
- Commercial and Cost Analytics
- Financial Statement Preparation & Analysis
- Annual and Long Range Planning
- Continuous Improvement
- People Leadership and Talent Development
- Executive level communications
- Advanced Google & Microsoft Suite
- Financial Formulas
- Queries
- Pivot Tables
Timeline
Director Finance, Global Strategic Sourcing
Whirlpool Corportation
09.2023 - Current
Financial Analyst - Fixed Assets
Chrysler Group LLC
12.2010 - 10.2012
Senior Finance Manager, Global Strategic Sourcing
Whirlpool Corporation
Senior Finance Manager Brand & Strategy
Whirlpool Corporation
Finance Manager -Commercial Laundry
Whirlpool Corporation
Treasury Manager -Corporate Treasury
Whirlpool Corporation
Senior Financial Analyst -Corporate Financial Planning & Analysis
Whirlpool Corporation
Senior Financial Analyst -Global Product Organization
Whirlpool Corporation
Bachelor of Science - Finance
Oakland University