Michael Woods, MBA

Vice President Finance at TMGUSA
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Contact Information
us****@****om
(386) 825-5501
Location
Glen Allen, Virginia, United States, US
Languages
  • English Native or bilingual proficiency

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Experience

    • Leasing Non-residential Real Estate
    • 1 - 100 Employee
    • Vice President Finance
      • 2018 - Present

      Lead finance and accounting teamImproved working capital by organizing and automating payables processes and implementing a credit procedureDevelop operating budget and cash flow forecast to help with short and long term planning Lead finance and accounting teamImproved working capital by organizing and automating payables processes and implementing a credit procedureDevelop operating budget and cash flow forecast to help with short and long term planning

    • Mining
    • 200 - 300 Employee
    • Credit Manager
      • 2017 - 2018

      Led Accounts Receivable and Credit & Collections teams.• Compiled and reported team’s exceptional DSO and record-low delinquency results• Redesigned credit application and moved from paper to digital • Collaborated on multiple process improvements including automatic payment application software and EDI solution for invoice data• Created PowerBI dashboards to support more in-depth reporting and facilitate collections process Led Accounts Receivable and Credit & Collections teams.• Compiled and reported team’s exceptional DSO and record-low delinquency results• Redesigned credit application and moved from paper to digital • Collaborated on multiple process improvements including automatic payment application software and EDI solution for invoice data• Created PowerBI dashboards to support more in-depth reporting and facilitate collections process

    • United States
    • Construction
    • 1 - 100 Employee
    • Finance Manager
      • 2016 - 2017

      • Managed credit decisions and collection efforts including accounts receivable calls, documentation, follow-ups and reporting, coordination with contingent collections law firm, written correspondence, and court judgments.• Improved debt position and lowered interest payments by consolidating, renegotiating, and paying off high interest debt.• Created and implemented 2017 operating budget and sales forecasting process.• Modified chart of accounts, eliminating or consolidating 50 lines; wrote and modified financial reports.• Negotiated gas, diesel, and propane contracts that saved the company 20%/year.• Led purchasing analysis project that recommended implementing best practices.• Oversaw income tax filing, local tax compliance, and adherence to debt covenants.

    • Senior Financial Analyst
      • 2006 - 2016

      Worked interchangeably with the Business Unit Controller to provide corporate finance and managerial accounting leadership to the Luck Stone (quarry) business unit.• Coordinated annual capital & operating budget processes & monthly cash flow forecasting.• Provided accounting leadership to business unit to answer GL coding questions, make capital vs. expense decisions, and assist in reconciling accounts.• Reviewed monthly financials and booked month-end accruals and reclasses. Added financial figures as well as variance commentary to the monthly financial presentation.• Served as Business Unit Controller (BUC) in 2012 when BUC was tapped to serve as project manager for Microsoft Dynamics AX implementation.• Organized and presented annual capital expenditure post mortem reviews to Board, including recommendation of process to divest of investments missing hurdle rate.• Served as finance expert on many project teams including SG&A analysis and forecasting.• Provided leadership for Business Acumen initiative (three-month professional development program for employees) for three years with University of Richmond: team-taught Finance class, helped design & organize curriculum, provided support for capstone projects.

    • United States
    • Hospitals and Health Care
    • 700 & Above Employee
    • Financial Analyst
      • 2005 - 2006

      Provided on-site analysis to company’s consultation business.• Implemented warehousing/inventory software systems at multiple hospitals across US.• Performed ad hoc inventory analysis with clients to determine obsolescence and optimal product mix and quantity.

    • OMSolutions Consultant
      • 2004 - 2005

      Provided on-site analysis to company’s consultation business.• Implemented warehousing/inventory software systems at multiple hospitals across US.• Performed ad hoc inventory analysis with clients to determine obsolescence and optimal product mix and quantity.

    • Canada
    • Manufacturing
    • 700 & Above Employee
    • Supply Chain Specialist
      • 2003 - 2004

      Manufacturer for Hewlett Packard (HP), contracted to assemble and ship laserjet printers• Developed reports and metrics to monitor and improve production efficiency.• Provided inventory analysis to lower waste due to outdated toners and ink.

    • Materials Supervisor
      • 2000 - 2003

      • Supervising several associates, gathered, tested, and disposed of nonconforming parts.• Brought nonconforming parts back into compliance through repair or rework through work with HP engineers.

    • Document Controller
      • 1997 - 2000

      • Wrote and edited work procedures in support of location’s ISO 9001 quality certification.

Education

  • Virginia Commonwealth University - School of Business
    M.B.A., Finance
    -
  • University of Virginia
    B.A., English and Religious Studies
    -
  • Saint Christopher's
    Diploma
    -

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