Allen Drafke

Chief Financial Officer at Acme Finishing Company, LLC
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Greater Chicago Area

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Experience

    • United States
    • Motor Vehicle Manufacturing
    • 1 - 100 Employee
    • Chief Financial Officer
      • Jul 2020 - Present

      Elk Grove Village, Illinois, United States

    • United States
    • Staffing and Recruiting
    • 1 - 100 Employee
    • Consultant
      • Jan 2019 - Jul 2020

      Greater Chicago Area

    • United States
    • Construction
    • Interim CFO
      • May 2018 - Jul 2018

      Bedford Park, IL

    • Chief Financial Officer
      • Jan 2008 - Jul 2017

      Chicago, IL 1/2008 to 4/2014 GaiaTech, Inc. • Selected to lead finance, accounting, HR, IT, and project controller functions and to manage external relationships for audit, tax, banking, and risk management for this private equity portfolio company. Reported to the CEO. • Streamlined accounting processes, enhanced internal controls, revamped budgeting processes, and created best practice guidelines for to produce more timely and accurate financial reports and analysis. • Accelerated billing… Show more 1/2008 to 4/2014 GaiaTech, Inc. • Selected to lead finance, accounting, HR, IT, and project controller functions and to manage external relationships for audit, tax, banking, and risk management for this private equity portfolio company. Reported to the CEO. • Streamlined accounting processes, enhanced internal controls, revamped budgeting processes, and created best practice guidelines for to produce more timely and accurate financial reports and analysis. • Accelerated billing and collections to improve working capital and cash position . Reduced currency risk on international projects using foreign currency hedging strategies. • Initiated a strategically aligned KPI reporting system that integrated both financial and operational metrics . Increased the engagement, understanding and motivation of operational department leaders. • Developed data analytics program to present both graphical and interpretive analytical insight into sales trends, project profitability trends, and cross-selling opportunities. • Created an employee incentive program to encourage new relationship manager development, and formed a new subsidiary in Canada resulting in the procurement of the largest project in the company’s history. • Implemented industry leading Deltek ERP system with automated revenue recognition, project management and CRM. 5/2014 to 7/2017 RPS GaiaTech, Inc. • Directed the finance, accounting, business systems, and project controller functions for this recently acquired division of RPS Group, PLC, a publicly traded company. • Led the mergers and acquisitions financial activities for the organization in 2014/2015 including the acquisition of Iris Environmental and enhanced the financial integration of prior acquisitions. • Appointed in late 2015 to lead a large project to implement Deltek ERP systems, re-engineered internal controls and re-engineered business processes across twelve RPS group locations across North America. Show less

    • United Kingdom
    • Civil Engineering
    • 1 - 100 Employee
    • Budgeting and Planning Management Consultant
      • Jun 2007 - Nov 2007

      Whiting, Indiana Management consulting to BP Refinery Executive team in Whiting, Indiana. • Created the annual budget by closely supporting the department heads for all non-operational departments (over 800 employees) for the refinery in an aligned structure with corporate, refinery division, and plant level strategic objectives. Graphically bridged results to budget and prior year. • Extracted data from SAP system to create variance analysis reports. Delivered daily profit model reports to senior… Show more Management consulting to BP Refinery Executive team in Whiting, Indiana. • Created the annual budget by closely supporting the department heads for all non-operational departments (over 800 employees) for the refinery in an aligned structure with corporate, refinery division, and plant level strategic objectives. Graphically bridged results to budget and prior year. • Extracted data from SAP system to create variance analysis reports. Delivered daily profit model reports to senior refinery management using complex raw material inputs and finished product refined outputs for product margin variance analysis. • Developed an asphalt pricing model and recommendations for contract renegotiation to commercial team. Show less

    • United States
    • Transportation, Logistics, Supply Chain and Storage
    • 1 - 100 Employee
    • CFO
      • Jan 1995 - Jun 2007

      Plainfield, IL Directed accounting, accounts receivable, accounts payable, risk management, budgeting, costing, banking relations, internal auditing, 401-k and profit sharing plan management, tax compliance, payroll, HR, and benefits plans functions for $225 million, 350-employee wholesale distribution organization. Directly oversaw HR director, IT director, controller, accounts receivable and accounts payable managers. CFO • Reduced annual HR and finance costs by 38% between 1998 and 2005.… Show more Directed accounting, accounts receivable, accounts payable, risk management, budgeting, costing, banking relations, internal auditing, 401-k and profit sharing plan management, tax compliance, payroll, HR, and benefits plans functions for $225 million, 350-employee wholesale distribution organization. Directly oversaw HR director, IT director, controller, accounts receivable and accounts payable managers. CFO • Reduced annual HR and finance costs by 38% between 1998 and 2005. Capitalized on new technologies, improved staff, set standards and goals, and slashed wasteful practices. • Formulated and executed several financial and cost management initiatives to support rapid growth strategy that allowed company to grow 19% annually from 1998 thru 2006. • Led selection and was project manager for J.D. Edwards One Word ERP multi-site system implementation. Controller 1/1997 to 6/1998 • Prepared the monthly financial statements, reviewed all journal entries and general ledger reconciliations. Managed the billing and accounts receivable departments in addition to accounting and accounts payable. Managed staff of 14 people. • Developed daily sales by product line dashboards for management teams that included rolling forecasts based upon statistical multi-variant regression and time-series trend analysis plus variance analysis. • Upgraded the Solomon ERP systems software and underlying SQL databases to be Y2K compliant. Assistant Controller (1/1995 – 12/1996) • Prepared the monthly financial statements, standard journal entries and account reconciliations. • Managed the accounting and accounts payable departments with a staff of six people. • Prepared and reconciled the weekly payroll using ADP systems. • Managed the inventory control team and annual inventory physical counting processes. Show less

    • Wholesale Import and Export
    • 1 - 100 Employee
    • Controller
      • Mar 1992 - Oct 1994

      Chicago, IL Controller for nation-wide logistics, trucking, trailer refurbishing, sales, and leasing company with $42 million in annual revenues and 200 employees. • Provided financial leadership during an ownership transition period and assessed businesses with eye towards liquidation and/or sale. • Ascertained by using discounted cash flow models that trailer refurbishing and sales and leasing business segments could be spun-off for higher return than simply selling assets. • Reduced… Show more Controller for nation-wide logistics, trucking, trailer refurbishing, sales, and leasing company with $42 million in annual revenues and 200 employees. • Provided financial leadership during an ownership transition period and assessed businesses with eye towards liquidation and/or sale. • Ascertained by using discounted cash flow models that trailer refurbishing and sales and leasing business segments could be spun-off for higher return than simply selling assets. • Reduced operating expenses by 30% in the trucking division. • Eliminated redundant layers of supervisors, closed money losing terminal, reduced bad debts from 12% to 3% of sales, brought tax preparation processes in-house, and instituted activity-based costing system. Show less

Education

  • Northern Illinois University
    MS, Finance
    1988 - 1990
  • Lewis University
    Bachelor’s Degree, Accounting and Business Administration

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