Shayne Ohlsen
Mooresville,NC
Summary
Results-driven VP of Finance and Operations with extensive experience in financial management, strategic planning, and operational excellence. Proven track record of optimizing financial performance, reducing costs, and enhancing operational efficiency. Skilled in leading cross-functional teams, implementing process improvements, and driving business growth. Expertise in budgeting, forecasting, risk management, and regulatory compliance. Adept at leveraging financial insights to inform strategic decision-making and drive organizational success. Committed to fostering a culture of collaboration, innovation, and continuous improvement.
Overview
31
31
years of professional experience
Work History
VP of Finance and Operations
Sycamore Brewing
01.2020 - Current
- Executive Leadership Team
- Develop and execute financial strategies aligned with corporate objectives
- Oversee budgeting and forecasting processes, ensuring accuracy and alignment with business goals
- Prepare and present monthly, quarterly, and annual financial reports to senior management and board of directors, providing insights and recommendations to drive decision-making
- Lead financial analysis and modeling efforts to evaluate investment opportunities, pricing strategies, and cost-saving initiatives
- Implemented robust internal controls and compliance procedures to ensure adherence to regulatory requirements and mitigate financial risks
- Implemented Encompass, a cloud-based, open platform, ERP system to facilitate an all-in-one production/finance system to streamline operations and improve efficiency
- Manage cash flow and liquidity, optimizing working capital and reducing reliance on external financing
- Oversee all A/R and all A/P functions for the company
- Manage the fixed assets and depreciation schedule
- File monthly brewery distributor tax forms with each State of distribution (NC, SC, GA, VA, WV, OH, TN, and KY)
- File quarterly TTB reporting to the ATF Department of Commerce
- File all sales and use tax forms monthly with each appropriate state
- Bank, credit card, and loan account reconciliations monthly
- Onboarding of new employees and completion of all government required filings
- Prepare offer letters and employee agreements for new hires
- Manage the benefits administration for the company (health, dental, vision, 401k)
- Process biweekly payroll and make all entries into the general ledger
- Oversee all Taproom operations
- Spearhead strategic planning initiatives to align operational objectives with overall business goals
- Lead cross-functional teams (GM, Social Media managers, Executive Chef, Marketing and Events Manager) to develop and implement process improvements and drive revenue growth
- Implemented performance metrics and KPIs to monitor and evaluate operational efficiency
- Streamlined supply chain processes and optimized inventory management
- Oversee vendor relationships and negotiate contracts to ensure cost-effectiveness and quality of services
Consultant, PMO Division
Lowe's Companies
01.2013 - 01.2020
- Consulting engagement for Lowe's Companies
- The scope of the engagement is creating a standardized reporting system and processes for the IT Division ($1.050 Billion)
- This includes the following initiatives
- Aligning the financial reporting processes across multiple departments within the IT Organization (Finance, FP&A, Corporate Accounting, FA Accounting, PMO, and Program Planning)
- Implementing processes to ensure an accurate and timely month-end closing process so financials can be reported in accordance with Corporate Governance
- Realigning the organizational structure so that the proper workflows are established
- This is part of an IT Micro Design Macro Task force that falls under the Executive Macro Design Team
- Development of standardized KPI's that will roll up to the CIO for Executive Reporting
- Developing functional processes and integrating multiple financial and project management systems (CA Clarity, PeopleSoft, and IBM Cognos TM1/LPS)
Controller - North America
IGM Resins Group
01.2010 - 01.2013
- Company Overview: Manufacturing and supply of products and technical services to the global UV Ink & Coating industry
- Managed the Finance and Accounting departments for the North American Region
- Managed the financial reporting processes and ensured financial results are timely, accurate, and in accordance with US GAAP
- Managed the company's independent financial statement audit and footnote preparation as well as additional quarterly audits from the financial institution issuing the asset-based loan that the company operated under
- Oversaw the daily operations of the finance/accounting department, including general ledger and financial reporting, accounts payable, accounts receivable and billing, asset management, payroll, expense reimbursement, and FP&A
- Successfully developed new financial operations and systems for the company's first manufacturing plant in North America
- I achieved a level of success that allowed the company to go through 12 months of due diligence and be sold to one of the top Private Equity firms in the world
- Implemented a new ERP system company wide
- Microsoft Dynamics, Navision
- Successfully implemented the manufacturing cost accounting system
- Budget oversight, preparation, and management
- Cost accounting management to ensure accurate allocation of all costs to the manufactured products
- Internal financial statement preparation for the North American Region
- Work with Global Finance Team to ensure proper financial statement and report monthly to the CEO and investors
- Develop, implement, and maintain procedures for operational internal controls
- Cash flow management for the North America Division in coordination with the Group Cash Pool Treasury Manager
- Daily operational management with the Plant Managers, Production Managers, and Sales Director
- Manufacturing and supply of products and technical services to the global UV Ink & Coating industry
Controller, Americas Region
CPS Color
01.2007 - 01.2010
- Company Overview: CPS is the leading manufacturer and supplier of advanced paint tinting systems
- Managed the Finance, Operations, Supply Chain, IT/IS, and Human Resources divisions for the North and South America Region
- Budget oversight, preparation, and management
- Forecasting oversight to ensure seamless operations between sales and supply chain
- Financial Statement preparation for the consolidated America's division
- Analyze and report operational performance vs
- Budget
- Prepare monthly financial reports, including P&L and actual vs
- Budget, for the President/CEO and BU managers
- Develop, implement, and maintain procedures for operational internal controls
- Cash flow management, weekly cash reconciliation, and statement preparation
- Member of the global procurement task force
- Pricing analysis and contract negotiation with new vendors and customers
- Preparation of key financial data, maintain vendor agreements/SLA's, and maintain communications with key accounts (Home Depot, Walmart, Sherwin Williams, PPG, and Comex)
- Lead monthly financial meetings with management to discuss performance and necessary actions (review the executive summary)
- Implemented the Balanced Scorecard approach
- Initiated Six Sigma training company wide
- IT/IS oversight and management which included analyzing proposed global IT/IS projects and implementation
- Implementation of three new systems in the Americas Region (US, Brazil, Uruguay, and Mexico)
- The systems were SysPro, Cognos, and Hyperion
- Restructured the G/L from a single system in each country to one that would consolidate the financials into one common reporting structure
- Fixed asset management and proper recording of depreciation
- Preform month-end close and prepare financials in accordance with GAAP and IFRS for input into Hyperion Financials for consolidated global reporting
- Responsible for inventory management which included oversight, creation and implementation of controls and procedures, and reconciliation
- Achieved a variance of +/- 1% on $7 million inventory valuation
- CPS is the leading manufacturer and supplier of advanced paint tinting systems
Operations Controller/Sr. Financial Analyst
Attic Creations Inc.
01.2004 - 01.2007
- Company Overview: Private equity Investment Company concentrating its investments in the emerging market of the IT sector
- Financial analysis of the companies in the parent's portfolio
- Successfully assisted the company in selling its largest asset in the portfolio, IDVelocity, to NCR, selling price >$100 million
- Performed financial valuations using multiple financial models and data collected from various financial reporting sources
- Conducted meetings with potential buyers and presented the financial analysis and valuations based on external and internal data collected and analyzed for validity and accuracy
- Through internal and external market research to determine strategic value through comparative analysis and to assist in the justification of multiples for final valuation
- Entering financial data from multiple sources into financial applications that allowed for analysis of financial ratios and performance measuring
- Financial modeling, forecasting, and other areas of requested analysis
- Private equity Investment Company concentrating its investments in the emerging market of the IT sector
Controller
High Techniques, LLC
01.2001 - 01.2004
- Responsible for accounting and financial operations of the business
- Secured financing for growth, expansion, and acquisition through venture capital
- Financial analysis, budgeting, A/P and A/R
- Analysis of the company's financial performance to report to the equity owners as well as management
- Areas included ROI, ROA, and Cash Flow
- Forecasting and pricing analysis
Financial Manager, CFM
Merrill Lynch, Private Client Group
01.1999 - 01.2001
- Sought out clients with an excess of $2 million in investable assets using business development strategies
- Specialized in the use of high-net-worth investment strategies and tools
- Specialized in hedging large equity holdings for clients using a multiple of tools including options strategies and exchange funds
Regional Sales Manager
MCI / WORLDCOM
01.1994 - 01.1999
- Responsible for overseeing daily supervision and staff productivity with a staff in excess of thirty
- Responsible for recruiting, screening, hiring, and training staff
- Lead sales meetings, review weekly performance, and scheduling on a one-on-one basis
- Presentations on product solutions to large corporate accounts
Education
Ph.D. Candidate - International Finance
Northcentral University, UCLA School of Business
10.2024
Master's in Business Administration - International Finance and Operations
Wake Forest University, Babcock Graduate School of Business
01.2006
Bachelor's Degree - Accounting Concentration
Queens University, McColl School of Business
01.2004
Skills
- PeopleSoft
- SAP
- Syspro
- Microsoft Dynamics
- Navision
- Hyperion
- Cognos
- Advanced Excel
- Word
- PowerPoint
- Crystal
- Organizational Development
- Operations Management
- Corporate Communications
- International business
- Strategic Planning
- Operational leadership
- Project Management
Timeline
VP of Finance and Operations
Sycamore Brewing
01.2020 - Current
Consultant, PMO Division
Lowe's Companies
01.2013 - 01.2020
Controller - North America
IGM Resins Group
01.2010 - 01.2013
Controller, Americas Region
CPS Color
01.2007 - 01.2010
Operations Controller/Sr. Financial Analyst
Attic Creations Inc.
01.2004 - 01.2007
Controller
High Techniques, LLC
01.2001 - 01.2004
Financial Manager, CFM
Merrill Lynch, Private Client Group
01.1999 - 01.2001
Regional Sales Manager
MCI / WORLDCOM
01.1994 - 01.1999
Ph.D. Candidate - International Finance
Northcentral University, UCLA School of Business
Master's in Business Administration - International Finance and Operations
Wake Forest University, Babcock Graduate School of Business
Bachelor's Degree - Accounting Concentration
Queens University, McColl School of Business
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