Autoline Industries LtdCFO
Dec. 2007 - May. 2015Arrived on the scene with only myself and a receptionist. Built an Accounting team, implemented systems capable of scaling revenue by a 5x factor, and produced consolidated financial statements for global markets.
• Scaled the business from $10 million to $50 million during The Great Recession.
• Added five product lines in five years to support growth.
• Completed an acquisition in the first year of tenure, which increased revenues by 100%.
• Secured a $15 million working capital line of credit.
• Led the sale of this business to foreign investors, giving the owners an exit at 17x their original investment.
• Created annual operating plans ($40-$45MM); formulated future state directives and supported tactical initiatives.
• Participated in executive management team discussions; maintained in-depth relationships with all key team members (engineering, quality, IT, and operations); managed accounting, HR, tax, and treasury staff (internal and external); held oversight of the financial operations and consolidation of all subsidiaries (U.S., Korea and Germany); implemented internal controls; selected, negotiated, and installed a new ERP system; reviewed employee benefit plans to maximize cost-effective benefits packages; participated in union contract negotiations; completed all due diligence related to acquisitions
• Issued financial reports to the executive management team; presented financial results to the board of directors.
• Monitored cash balances; created cash flow forecasts; provided daily cash reconciliations to the executive management team.
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Autoline Industries Ltd (AIL) manufactures sheet metal components, sub-assemblies and assemblies, foot control modules, parking brakes, hinges, and more for large OEMs in the Automobile Industry (end customers include Ford, Daimler-Chrysler, GM, Hummer, and more). Revenues were $2B in the financial year 2008-09 and raised to $8B in the financial year 2012-13.