Chief Financial Officer at OGNIBENE
POWER SpA
Background
Summary
Senior finance manager responsible for overseeing the financial
activities of the entire group of companies operating in Italy USA China India Brasil Japan. Reporting to CEO.
Long-term vision and ability to drive strategic initiative.
Leadership and promotion of a contemporary cross-border cross-country team
environment.
Empowerment of associates by effectively delegating to effectively meet
objectives.
Excellent verbal and written communication skills in English, French, Italian.
Discretion, confidentiality, high ethical standard.
Accounts, Tax & Statutory Compliance
Stakeholder relations
Treasury & Finance
Credit & Risk assessment
Contract drafting / lawyers
Company performance and profitability guard
MBA SDABocconi
- Milan
SAP FI/CO proficient
Languages
English, French, full professional
proficiency
Spanish, Portuguese, elementary
proficiency
Experience
May 2013 – Present,
Reggio Emilia, Italy
Ognibene Power supplies the
world's leading manufacturers of on and off-highway vehicles, specializing in
power steering systems and mechatronic components for agricultural and
construction machinery. It also ranks at the highest level in the global market
as a significant supplier of power steering systems for forklifts, road
cleaning vehicles, gardening equipment and boats. State-of-the-art development
and endurance test departments. Ognibene Power is the company that supervises
all industrial and production activities in Reggio Emilia, Italy, and at the
global locations in Caxias do Sul - Brazil, in Pune –
India and in Suzhou - China. A North American logistics and distribution branch
is in Charlotte, NC. Certified ISO 9001, ISO 14001, OHSAS 18001. More than 700
employees and €105 million consolidated turnover.
Some leadership projects
Incorporation of Opower Japan K.K. to deliver
highest local service level.
Major Capital Injection for Ognibene India Pvt Ltd for expanding business and premises.
Coupon bond mgt, short and long-term financing >9 mln €, flexible forex hedging >1 mln
€.
Company representative for company-wide tax inspection (Agenzia delle Entrate).
Staff renewal 15% cost-effective.
Rebuilding all finance teams of India and Brazil.
Introduction and setup of Treasury
management system with real time NFP and cash flow.
Introduction and setup of reverse
factoring.
Leading creation of reporting package
and GAM group accounting manual.
Significant ordinary management
For plants of India, China, Brazil, USA, Italy, relations with lawyers,
counselors, major stakeholders, banks and financial institutions; audit and
coordination of finance managers and controllers of the group.
For Italian companies, receivables
and credit management; customs import & export schemes; real time cash flow
and NFP; inter-company financing; accounting and financial statements Italian
GAAP; VAT and Income Tax compliance; internal audit.
January 2012 – May 2013 (1
year 5 months)Bologna Area, Italy
PEER Bearing is a US-China
Corporation manufacturer and global supplier of reliable ball and roller
bearing solutions to target industries agricultural, distribution, electrical,
fluid, industrial transmission, material handling, off highway and on highway.
Turnover $ 250 million, Employees over 1700 in USA Brazil Germany Italy China.
Financial Controller Europe reporting to Corporate CFO in the US. Manager of
Finance and Admin team in Europe and member of the management team.
§ Strategic Long-term Plan, Yearly Business Plan, Quarterly Forecast.
§ Consolidated financial reporting of European Operations IFRS / IAS.
§ Development and operations of processes and policies in finance, accounting,
treasury.
§ Relation with banks, cash pooling, multi-currency operations spanning usd, eur, gbp.
§ Coordination of external service provider for statutory reporting and
payroll.
§ Inventory and purchase control.
§ Epicor key user.
September 2003 – December
2011 (8 years 4 months)Fabbrico, Italy
Argo Tractors manufactures and
markets over 24000 agricultural tractors per year under the Landini,
McCormick and Valpadana brands. 3 production plants,
2 after-sales service centers, R&D and engineering divisions in the Italian
"Motor Valley". Wide network of 8 branches and 2500 dealers reaching
98 countries with one of the most comprehensive product ranges. Over € 400
million sales and >1700 employees.
My most extensive experience encompassing the mother company Argo Tracotrs as well as its domestic and foreign subsidiaries
McCormick Tractors Intl. UK, McCormick France, McCormick Intl. USA, Valpadana. An 8-year project achieving a global and
all-round expertise in modern business. Detail in the following sections.
Valpadana SpA
November 2009 – September
2010 (11 months)San Martino in Rio, Italy
Financial Controller for Startup of
Genuine Parts Warehouse. Development and implementation of a brand new
warehouse control. Integrated design of processes of sales, purchase and
inventory control to ensure minimum working capital investment for 95% service
level. Safety stock setting through statistic inventory control. Turnover of €
2 million, 50000 sales lines/year processed.
McCormick
International USA Inc
January 2005 – November
2009 (4 years 11 months)Pella, IA and Duluth, GA
Financial Controller, US subsidiary
startup.
§ Development of monthly closing and financial reporting.
§ Sales turnover statistics.
§ Product full costing through BOM, Routing and overhead.
§ Profitability control through actual cost (tractors) and standard cost
(parts).
§ Project accounting and project accruals.
§ Slow moving inventory and obsolescence. ABC inventory valuation.
§ “Floor plan” financing.
§ US GAAP exposure and internal audit.
McCormick France Sas
January 2004 – December
2004 (1 year)Saint-Dizier, France
Financial Controller. French
subsidiary startup.
§ Development of monthly closing and financial reporting.
§ Sales turnover statistics.
§ Product full costing through BOM, Routing and overhead
§ Profitability control through actual cost (tractors) and standard cost
(parts).
§ IFRS exposure and internal audit and compliance.
§ EU Triangulation procedures.
§ ERP team leadership.
January 2001 – December
2003 (3 years)Doncaster, United Kingdom
Controller ERP Implementation
§ Sales process and product configuration.
§ Purchase planning and execution.
§ Inventory planning and management including consignment inventory.
§ Financial production planning, production scheduling, shop floor control.
§ Product costing.
§ Monthly internal reporting.
January 1998 – January
2001 (3 years 1 month)Reading, United Kingdom and Putten,
The Netherlands
Public Company listed in Amsterdam
and Nasdaq. Pre-sales Europe, Middle East and Africa. Focus on UK and Saudi
Arabia. Many ERP implementation spanning modules finance & control,
planning & manufacturing, distribution & supply chain.
July 1996 – December
1997 (1 year 6 months)Rome, Italy and Turin, Italy
Education (Rome) and service (Turin) as Engineer of the Army.
Education
MBA, Finance, Strategy, Operations, Marketing
2009 – 2010
Executive MBA. Master in Business
Administration.
Management fundamentals: business strategy, financial mgt
(cash forecast, investment valuation, cost of capital), business planning,
managerial accounting and reporting, statutory accounting and reporting,
operations, HR, +++
Cross functional tools: corporate finance (asset-based valuation, adjusted
present value, multiples), corporate strategy (portfolio, organizational,
eco-fin, social), corporate governance, planning & control (strategic
planning, budgeting, responsibility accounting), performance management
(profitability and reporting), financial markets and institutions, +++
Elective: Luxury business, financial risk mgt
(hedging), assets & cash mgt, project finance,
leveraged buy-outs.
Esame di Stato, Engineering
Laurea, Engineering 1990 – 1996 5 years Master of Science. Institut national
des Sciences appliquées de Lyon 4^ année, Génie Civil 1993 – 1994 Lyon, France. Erasmus exchange program. 1 full year of studies and exams. Honors & Awards Premio di Laurea "Fondazione
Giuseppe Benteley" Fondazione Giuseppe Benteley 1996 For bringing innovation
to road construction through defining and experimenting performance-based
construction criteria and based on RHEOLOGY of materials.
Dissertation
Award "Fondazione
Giuseppe Bentley" for innovation.