Stephen Lane
Mount Juliet,TN
Summary
Results-driven finance and accounting professional with a strong background in financial analysis and manufacturing operations. Skilled in budgeting, forecasting, and financial reporting, ensuring accurate and timely information for informed decision-making. Committed to delivering exceptional results while maintaining attention to detail and adherence to regulatory requirements.
Overview
27
27
years of professional experience
Work History
LEAVE OF ABSENCE
Medical Leave & Contract Work
12.2023 - Current
- Took necessary medical leave for cancer treatments, focusing on health and recovery
- Assisted family member with temporary care to smoothly transition to an assisted living facility in CT
- Contract work: provided accounting services to an individual that inherited a property management company that had no formal system in place, including reconstructing 4 years of data from various records in order to assist their tax professional with filing past-due tax returns, setting up QuickBooks, and helping them set up an LLC
BUSINESS UNIT CONTROLLER
ITW Stamptech Fasteners
02.2023 - 12.2023
- Oversaw cost accounting, month-end, inventory, accounts payable and accounts receivable processes
- Ensured that accounting records and monthly financial statements are complete, accurate, and prepared in accordance with GAAP and in compliance with Company financial policies and procedures
- Led A/R Project to reduce unapplied cash receipts from $11M to $5M during my tenure (due to complex pricing changes in automotive industry)
- Supported development of long-range financial plans and annual budgets, working closely with department heads to align resources with strategic objectives.
PLANT FINANCE MANAGER
Boston Scientific Corp
12.2020 - 09.2022
- Lead team of financial analysts to drive all financial operations of the Spencer Manufacturing Facility, including monthly/quarterly close, SOX-404, annual operating plan and various other financial processes and analyses
- Monitor functional and departmental spending versus budget by highlighting material variances using system generated detail and trend reports
- Overhauled annual operating plan and forecast processes
- Finance rep for a Delivering Excellence Project which is intended to continue site alignment to the operation profile reduce complexity
- Assess key finance and accounting processes and reporting deliverables for continuous improvement.
PLANT FINANCE MANAGER
JABIL inc. (formerly Ethicon Endo-Surgery Inc.)
06.2016 - 12.2020
- Delivered full-scale financial management, manufacturing accounting, cost improvement and strategic capital investment support for the Albuquerque plant (full Balance Sheet and P&L responsibility – SOX compliance; ACS 842 and ASC 606)
- Partnered with cost center managers to develop annual budgets and rolled out process for updating monthly/quarterly forecasts; perform/review monthly variance review of P&L results and present to management
- Developed and implemented the annual operating plans and rolling forecast updates ($900+ M revenue operation)
- Enhanced Finance Team’s working relationship with its numerous business partners
- Work with Commercial Finance on pricing model with heavy focus on in-house sterilization process
- Coordinated and implemented a monthly account reconciliation process between the site & two Shared Service centers for newly formed legal entity
- Coordinated financial operations and forecasting for a $22M multi-site technology upgrade effort and for a $30M project for new business (CAPEX, ROI, NPV, Payback, Risk/Assumptions)
- Oversaw and participated in establishing new standard costs when site transitioned to a new company
- Ethicon Endo Surgery outsourced plant operations to Jabil Inc. in February 2019.
CONTROLLER – NORTH AMERICA
Allnex USA, Inc.
07.2013 - 06.2016
- Oversaw financial operations for newly developed legal entities in the U.S and Canada because of a divestiture; achieved combined sales over $450M across five domestic coating resin manufacturing facilities
- Offered controllership, financial analysis, reporting, sales and plant operations support with full P&L responsibility; reported directly to CFO located in the Allnex headquarters in Belgium
- Directed and guided a team of three remote Plant Controllers for five manufacturing sites and three Distribution Centers; also partnered with Business Directors to understand margins for pricing and sourcing
- Delivered weekly and monthly cash flow forecasts to the Global Treasury Group;
- Assisted the Tax Department and external auditors with a Transfer Pricing analysis for tax planning purposes
- Devised an AOP and 12-month rolling forecasts (EBITDA) and Lease liability schedule for a newly formed Americas HQ
- Active in a Finance Organization restructuring to upgrade talent and transfer of transactional functions to the Shared Service organization in Latvia.
CONTROLLER
KX Technologies, LLC
10.2012 - 06.2013
- Supervised financial operations for a $75M global water filter manufacturing company
- Managed controls, accounting, reporting, analysis, SOX compliance, IT, risk mitigation, product liability, asset management, budgeting/forecasting for Consumer Products, Accounts Payable/Receivable, and General Ledger
- Proved vital during the review and analysis of possible overseas acquisitions, including financial statement reviews, synergy analyses and preparing due diligence testing in Bangalore
- Consolidated multi-segment FP&A analysis and financials for U.S.-based entities and those in Singapore.
REGIONAL/PLANT CONTROLLER
Avery Dennison Corporation
03.2007 - 10.2012
- Led accounting and financial planning & analysis for the flagship North American plant (IN) and two manufacturing facilities in the Reflective Division (IL); generated combined sales of over $550M (domestic) and $75M (international).
HUMAN RESOURCES MANAGER
Avery Dennison Corporation
08.2004 - 03.2007
MANUFACTURING OPERATIONS MANAGER & BUSINESS UNIT LEADER
Avery Dennison Corporation
01.2000 - 03.2004
PLANT FINANCIAL ANALYST
Avery Dennison Corporation
12.1997 - 01.2000
Education
Master of Science - Organizational Leadership
Indiana Institute of Technology
Bachelor of Business Administration - Accounting
Bryant University
Skills
- Financial Planning & Analysis
- Working Capital Management
- Cost Accounting
- AR & AP Management
- Support Inventory Management
- Annual Budget & Forecast Development
- Continuous Improvement
- Audit Coordination & Internal Controls
Timeline
LEAVE OF ABSENCE
Medical Leave & Contract Work
12.2023 - Current
BUSINESS UNIT CONTROLLER
ITW Stamptech Fasteners
02.2023 - 12.2023
PLANT FINANCE MANAGER
Boston Scientific Corp
12.2020 - 09.2022
PLANT FINANCE MANAGER
JABIL inc. (formerly Ethicon Endo-Surgery Inc.)
06.2016 - 12.2020
CONTROLLER – NORTH AMERICA
Allnex USA, Inc.
07.2013 - 06.2016
CONTROLLER
KX Technologies, LLC
10.2012 - 06.2013
REGIONAL/PLANT CONTROLLER
Avery Dennison Corporation
03.2007 - 10.2012
HUMAN RESOURCES MANAGER
Avery Dennison Corporation
08.2004 - 03.2007
MANUFACTURING OPERATIONS MANAGER & BUSINESS UNIT LEADER
Avery Dennison Corporation
01.2000 - 03.2004
PLANT FINANCIAL ANALYST
Avery Dennison Corporation
12.1997 - 01.2000
Bachelor of Business Administration - Accounting
Bryant University
Master of Science - Organizational Leadership
Indiana Institute of Technology
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