James Waclawik

James Waclawik

Summary

Experienced in cash management, financial reporting, operations, supply chain management, SEC reporting,  acquisitions, divestitures, public and private financing, financial and operations in the automotive, building and construction and military industries.

Objective

Seeking an Officer Level position to apply qualities which have made me an effective executive including uncompromising integrity; the ability to think strategically and execute the company’s vision; understanding operations; strong communication skills; a strong work ethic; the ability to multi-task and set business priorities.

Work History

Work History
Jan 2005 - Present

Owner

JJ Waclawik Enterprises

Provider of management and financial consulting for private and public enterprises.

Mar 2008 - Mar 2009

Interim CFO

Tactronics/ArmorStruxx

Responsible for accounting and finance functions of the company and subsidiaries.

·Executive on the management team responsible for increasing ArmorStruxx LLC sales by $114.7 million from $10.6 million to $125.3 million in one year. Military contracts required management to ramp up supply chain and manufacturing resources to meet two surges in sales.

·Implemented ArmorStruxx LLC operating analysis and controls including direct labor reporting; inventory costing and reporting; supply chain management; customer profitability reporting and cash flow management tools.These controls contributed to composite armor protection EBITDA increasing by $7.3 million in one year.

·Improved ArmorStruxx LLC cash flow processes resulting in an 18% improvement in DSO and inventory turns increasing from 7.0 to 11.5 in first two months.

·Completely reorganized the Tactronics LLC financial organization in the first two months and focused resources on building fundamental controls and accounting policies.This led to the completion of the financial audit (two years in arrears) and provided a foundation for future growth.

Jan 2005 - Feb 2008

Consultant

Material Sciences Corporation
Provided operational and financial consulting services for Material Sciences Corporation.
1989 - 2005

CFO

Material Sciences Corporation

·      Migrated Material Sciences’ to a decentralized organizational structure with oversight of five business units.This effort resulted in an entrepreneurial organization focused on specific markets and improved customer service performance.

·Implemented compensation programs using a combination of fixed and variable components including cash and equity providing key employees with incentives closely aligned with performance.

·Deployed new ERP system and converted a Material Sciences’ electro-galvanizing facility to production of laminated steel for the high growth Quiet Steel âbusiness. Transitioned the facility from 50% joint venture to 100% ownership of the facility.

·Provided operational leadership and direction in managing relationships with large customers; working capital management; cost reduction initiatives; capital spending decisions, employee benefits and system implementations.

·Guided the Company through two significant crisis situations including an under-performing business unit and lower level accounting irregularities.These issues required a team effort to manage both internal and external communications and problem solving actions.

·Completed private debt ($50 million) and public equity ($22 million) offerings providing the financial capital to fund organic growth and key acquisitions.

·Served as lead negotiator in all Material Sciences acquisitions, divestitures and joint ventures including the coordination of investment banking, legal and accounting advisors.Represented Material Sciences on the operating management committees of each joint venture.

Education

Education
Jun 1996 - Jul 1996

Completed Executive Program

Aug 1977 - May 1981

BBA

University of Notre Dame

Skills

Skills

Mentoring and Development

In addition to on the job development and mentoring of my staff and colleagues, I also instructed personnel in a more formal setting on Financial Management for Non-Financial Managers.  We utilized this course to expand the financial knowledge of our workforce in understanding the financial consequences of their functions on the organization as a whole.

Negotiation

During my career, I have been directly involved in negotiations involving joint ventures, acquisitions, divestitures, long term R&D contracts, long term customer contracts, sales representation agreements, pricing structures with customers, cost structures with suplliers, and real estate and machinery and equipment purchases and sales.   I completed a course in negotiation at Harvard University.

Certifications

Certifications

Certified Public Accountant

AICPA and ICPA

Secret

US Department of Defense