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Summary

INTERNATIONAL, BILINGUAL SENIOR FINANCIAL & ACCOUNTING PROFESSIONAL

International, bilingual (German) Senior Financial and Accounting Professional with 15+ years global expertise across diverse spectrum of functional competencies, including accounting, finance, tax, operations, information technology and human resources. Drive for results mindset highly successful at increasing stakeholder value by delivering comprehensive financial and operational leadership in varied startup, established and turnaround environments.

Unilin US MDF (formerly Homanit USA, Inc.)

Propelled greenfield facility into thriving $51 MM company during 1st full year, growing to $100 MM in year 4.

Spearheaded startup and growth of US operations for German manufacturer.

Key on C-level team tasked with strategic accounting, finance, tax, recruitment and IT initiatives.

Ultraform Company

Revitalized business processes in underperforming $45 MM operation, boosting efficiency 50%.

Reorganized IT infrastructure, introduced new technologies and deployed strategic production scheduling initiatives

Improved reporting cycle time; optimized production runs; curtailed customer complaints; reduced freight & inventory

Core Compentancies

LEADERSHIP

Financial Professional experienced at leading, building, developing, coaching, mentoring high-performance finance and accounting teams. Passionate commitment to hiring, training and developing high potential talent.

METRICS

Collaborator in establishing key business metrics and feedback loop to drive the business towards execution of business strategy and achievement of performance improvement initiatives. Contributor to cross-functional teams involved in systems implementation, cost reduction, vendor negotiations, outsourcing evaluations, process improvement, and customer partnerships. Drive for results mindset with creative, out-of-the-box thinking to return exceptional top and bottom line results to investors and shareholders.

FINANCIAL PLANNING, ANALYSIS AND REPORTING

US GAAP, German Statutory GAAP (HGB) financial reporting, management reporting, including forecasting, budgeting, planning, reporting and various analyses to assess future strategies and plans and associated risks. Manage, prepare, administer, and monitor adherence to the approved budgets.

FINANCING

Financial Professional experienced in structuring, negotiating and securing corporate financing with banks, including cross-border syndicated construction loans, equipment purchases and leasing, secured working capital ABL financing.

TAX │ LEGAL

Accomplished professional with 10++ years experience directing all tax reporting for US Operations of German-based manufacturers at all levels of taxing authority, including local, state and federal. Primary corporate contact and liaison to organization's external counsel with regard to all corporate legal matters, including, but not limited to, employment law, immigration, mergers & acquisitions, business litigation, commercial lending, real estate, construction and economic development.

HUMAN RESOURCES

Human Resources executive with extensive and diverse global industry experience in manufacturing sector successfully navigating through organizational life cycles: start-up, growth, restructuring, downsizing, merger & acquisition, and integration. Possess broad mix of executive leadership skills, which include: passionate commitment to hiring, training and developing high potential talent, organizational design & development, human capital management, design and delivery of strategic compensation, incentive & benefit plans and programs, 401(K) plan design and management, payroll administration, policy development, compliance and employment law.

COMMUNICATION SKILLSINTEGRITY

Highly regarded professional with multi-cultural interpersonal and business skills, strong verbal, written and technical communication skills. Builds strong relationships through professional excellence, honesty, integrity, respect, open communication, and understanding.

Specialties

CFO, Controller, Director Finance, International, German, Financial Statement Preparation, US GAAP, German Statutory GAAP (HGB), International Tax, Transfer Pricing, Human Resources, Recruitment, Workforce Development, Employee Benefits, Retirement Benefits, 401(k) Plans, IT, System Implementation, SAP, Operations, Manufacturing, Start-up, Growth, Restructuring & Turnaround Leadership, Mergers & Acquisitions, Due Diligence, Process Optimization, Budgeting, Forecasting, Financial Analysis, Audit, Key Business Metrics, Banking Relationships, Corporate Finance, Cash Management, Product Costing, Variance Analysis, Project Management, Legal Litigation

PanelWorld Sept 2002

George Frederick - Resume

Portfolio

Reference Letters

Work History

20072011

Director Finance & Administration

IKA-Works, Inc.

(German-based, privately-held manufacturer & distributor of state-of-the-art laboratory and process equipment)

Established credibility among Executive Management by restoring integrity to internal and external financial reporting, cost accounting, and tax records.

Re-engineered and revitalized dysfunctional finance, HR and IT team to become proactive business partner to Executive Management in developing and driving the business towards achieving strategic objectives, including, streamlining manufacturing operations and product portfolio, outsourcing studies, cost containment and inventory control.

Restored integrity to standard costing, thereby enablinga comprehensive review of existing pricing in view of standard cost, existing margins and competitive pricing. Resulting updated pricing, along with consistent and consequent cost control measures, significantly enhanced overall profitability and cash flow.

Introduced sound cash management tools and procedures. Activated / implemented cash management module in existing ERP system to facilitate daily bank reconciliations. Developed and implemented internal controls related to cash management. Introduced accurate daily/weekly/monthly cash reporting and forecasting system.

Improved cash-to-cash cycle. Reduced days sales of inventory ("DSI") by 70 days from 160 to 90 days, Purged $1 million in unapplied cash and credits from accounts receivable subledger; drove collections efforts, reduced "over 60 days" overdue balances by approximately $700K or 67%, reduced days of sales outstanding ("DSO") by 9 days from 58 to 49 days.

Established creditable HR function. Introduced comprehensive company policy manual to include newly implemented flextime policy and automated timekeeping system.

Reduced year-over-year average employer health care cost per employee by 10.0% or $750/employee while securing richer benefits.

Revitalized and secured IT infrastructure by building IT data center equipped with dedicated power, climate control and fire protection. Implemented disk-to-disk-to-tape (D2D2T) technology for recovery of critical systems. Replaced outdated hardware infrastructure components and Ethernet cabling. Implemented long-overdue software releases, including major release updates to corporate ERP system. 

19992006

V.P. Finance & Administration & CFO

Unilin US MDF | a divison of Mohawk Industries (formerly Homanit USA, Inc.)

(German-based manufacturer & distributor of medium density fiberboard)

  • Key on C-level team tasked with overseeing construction of greenfield facility for German medium-density fiberboard manufacturer, executing $105 million capital investment and launching startup to become top industry performer.
  • Propelled greenfield facility into thriving $51 million company during 1st full year, growing to $100 million in year 4.
  • Directed strategic accounting, financial reporting, tax, human resources and IT initiatives.
  • Executed successful $1.5 million full SAP implementation in 4½; months; financed project through cost reductions.
  • Directed recruitment/training of 230-member workforce; acquired $350K state funding through key alliance with state.
  • Guided company through 2 smooth M&A transitions; directed due diligence to meet corporate and legal compliance.
19951999

Controller (reported to General Manager)

Ultraform Company (BASF Corp. and Degussa-Hüls Corp. JV)

(German-based manufacturer & distributor of Polyacetal)

  • Directed finance, accounting and distribution to revitalize business processes of $45 million manufacturer.
  • Restructured IT, redesigned reporting system, reallocated responsibilities, reduced inventory and streamlined production.
  • Achieved significant reduction in freight and customer complaints by utilizing 17% additional shipping capacity.
19911995

Director Finance & Administration

BASF Hungária Kft. (BASF AG subsidiary)

(Wholly-owned subsidiary of BASF Aktiengesellschaft - Sales & Distribution)

Spearheaded Eastern European startup, built to $50 million revenue in new free-market economy, established legal framework, built/led 17-member team, implemented IT systems and instituted accounting/tax policies

19861991

Internal Auditor

BASF Aktiengesellschaft

Led multifaceted audits of operations at both corporate headquarters and European subsidiaries. 

Skills

German
OfficePro 2007, Excel, Access and Word
Proficient in SAP 4.6C

Education

2006Present

Masters of Accounting and Financial Management

Keller Graduate School of Business