Thaddeus Cichy
Tualatin
Summary
Finance leader with extensive experience at Alpine Foods Distributing, Inc., specializing in KPI development and team building. Achieved a 20% reduction in cash conversion cycle while enhancing financial reporting processes. Proven expertise in strategic planning and cost analysis drives value creation and operational efficiency.
Overview
25
25
years of professional experience
Work History
Director of Finance
Alpine Foods Distributing, Inc.
Milwaukie
01.2019 - Current
- Company Overview: Food Redistributor for West Coast Markets
- Cash Conversion Cycle Improvement, Accounting Department development, monthly financial reporting and forecasting, profitability analysis, credit management, key performance indicator development, standard operating procedures audits, maintain and improve relationship with bank, lead year-end audit with outside cpa firm, member of executive team, and create a teamwork atmosphere within Accounting Department.
- Achievements:
- Improved days sales outstanding from 22 to 17
- Improved days payables outstanding from 16 to 25
- Reduced use of operating line of credit by 80%
- Implemented Ach program for payables and receivables
- Subject matter expert for new Oregon CAT tax
- Navigated thru Paycheck protection program loan process to keep company headcount the same thru COVID-19
- Key Member of team that was able to acquire key warehouse space
- Expanded staff to allow for more cross-training and utilization of team’s talents
- Implementation of quarterly credit line review process that did not hinder sales growth
- Reduced month end closing cycle by 10 days
- Financial lead for acquisition of food company in California
- Standardized processes for new distribution center
- Food Redistributor for West Coast Markets
Controller
Pacific Foods
Tualatin
10.2015 - 01.2019
- Company Overview: Food manufacturer in the organic, all-natural food space
- Manage accounting department of ten which includes accounts payable, accounts receivable, costing, general ledger accounting, fixed asset reporting, and credit management. Main accountabilities include cash flow management, strategic planning, strategic deployment leadership, trade spend analysis, costing analysis, new product costing approval and development, banking relationship management, year-end audit lead, and team building.
- Achievements:
- Transformation of accounting department from transactional to analytical
- Leadership Academy completion
- Successful integration of finance department into new parent company’s processes
- Key leader of value capture progress where plant achieved a 10% reduction in operational expenses
- Key member of plant Stage Gate team
- Development of Item Costing Profitability Models
- Management of a multimillion-dollar plant and capital budget
- SAP gap analysis subject matter expert
- Enhanced standard costing system for 200 top level sku numbers
- Led cross-functional team to help understand full picture of profitability levers
- Monthly coaching of key employees
- Successful hiring of new general ledger accountant, senior cost accountant, financial analyst, and cost accountant positions.
- Food manufacturer in the organic, all-natural food space
Controller
Cranston Machinery
Oak Grove
09.2014 - 10.2015
- Company Overview: A Capital Equipment manufacturer for the paper and pulp industry
- Manage accounting, purchasing, and warehouse functions of the company, as well as enhancement of company’s ERP system. Accountable for cash flow management, budgeting, forecasting, letters of credit adherence, and continuous improvement of manufacturing processes. Special projects included pricing audits, improvement of quoting process, foreign currency hedges, and gross-margin analysis to executives.
- Achievements:
- Improved on time shipping performance to 99%+
- Reduced Accounting costs by $50,000
- Improved Accounts Receivable Days Sales outstanding to 30 days
- Reduced month end close from 45 days to 10
- Identified areas for labor reduction due to changing business model
- Implemented fraud protection process
- A Capital Equipment manufacturer for the paper and pulp industry
Controller
New Season Foods
Forest Grove
03.2008 - 09.2014
- Company Overview: A food manufacturer specializing in the production of vegetable powder for the soup industry
- Manage administrative functions of the company, and development of accounting department’s internal controls and staffing. Accountable for full cycle accounting, corporate reporting, cash flow management of $6,000,000 credit line, liaison with corporate bank, benefits management, and human resources. Special projects included inventory system improvement, merger accounting, development of business plan, transfer pricing analysis, real time labor reporting, and impairment analysis.
- Achievements:
- Reduced General and Administrative labor costs by $60,000
- Improved month-end closing schedule from 30 days to 5
- Implemented inventory management system which reduced labor costs by $50,000, and improved quality processes.
- Improved Cash Flow from operating activities by $2.2M
- Improved profitability by 400% through effective cost management
- Reduced cost of natural gas by $10,000 annually due to implementation of energy cost management system.
- Improved forecasting accuracy through implementation of purchase order system
- A food manufacturer specializing in the production of vegetable powder for the soup industry
Cost Accounting Manager
Gerber Legendary Blades
Tigard
01.2006 - 01.2007
- Company Overview: Leading manufacturer of sporting knives and outdoor tools
- Manage costing functions of the company including overhead analysis, forecasting of profitability, fixed assets, month end closing, and development of costing staff. Other responsibilities included working with overseas vendors on costing, manufacturing efficiency analysis, year-end physical inventory, and working with cpa on year-end audit of obsolescence reserves.
- Achievements:
- Development of more controlled system of overhead absorption analysis
- Streamlined month-end process
- Receipt of leadership award for improving information accuracy on inventory costing.
- Leading manufacturer of sporting knives and outdoor tools
Plant Controller
Masterbrand Cabinets
Hillsboro
01.2001 - 01.2006
- Company Overview: A wood manufacturer specializing in semi-custom cabinetry for the consumer market
- Financial leader of a successful cabinet plant with sales of over $65M, a $12m expense budget, and a capital budget of $1M. Main responsibilities included management of internal controls, cost accounting, month-end close, budget development, inventory control, forecasting, and continuous improvement oversight.
- Achievements:
- Established Just in Time inventory system which saved company $70,000
- Negotiated $90k in savings from vendors
- Key implementation member of physical inventory system for new ERP software
- Established tighter purchasing process which improved forecasting accuracy to 99%
- A wood manufacturer specializing in semi-custom cabinetry for the consumer market
Education
M.B.A. -
University of Phoenix
Hillsboro, Oregon01.2004
B.S. - Accounting
Plymouth State University
Plymouth, NH01.1996
Skills
- KPI development
- Staff development
- Financial reporting
- Profit and loss management
- Operating budget preparation
- Forecasting
- Banking relationship management
- Costing analysis
- Continuous improvement
- Strategic planning
- Brand management
- Technology management
- Organizational leadership
- Value creation
- Ethical leadership
- Team building
- Treasury management
- Business valuation
- Syspro and Mas90 expertise
- AS400 and JD Edwards proficiency
- Crystal Reports and EPM 10 skills
- Innatrack knowledge
- Microsoft Office suite proficiency
Systems
Syspro, Mas90, AS400, JD Edwards, Crystal Reports, EPM 10, Innatrack, Microsoft Office (Word, Excel, Outlook, PowerPoint)
Timeline
Director of Finance
Alpine Foods Distributing, Inc.
01.2019 - Current
Controller
Pacific Foods
10.2015 - 01.2019
Controller
Cranston Machinery
09.2014 - 10.2015
Controller
New Season Foods
03.2008 - 09.2014
Cost Accounting Manager
Gerber Legendary Blades
01.2006 - 01.2007
Plant Controller
Masterbrand Cabinets
01.2001 - 01.2006
M.B.A. -
University of Phoenix
B.S. - Accounting
Plymouth State University