Frederick Nafe is a Finance Professional with extensive experience in financial planning, cost accounting, reporting and...
FREDERICK T. NAFE Exton, PA, 19341-1824
[email protected]
Home: (610) 524-1867 Cell: (484) 678-7371
SUMMARY Finance Professional with extensive experience in financial planning, cost accounting, reporting and analysis, cash flow and banking relations in diverse industries. Demonstrated success in meeting or exceeding organizational goals or initiatives. Solution-focused with hands-on experience, vision and business acumen who can address tough business issues, formulate innovative and cost-effective strategies, and successfully lead implementation.
PROFESSIONAL EXPERIENCE WYETH PHARMACEUTICALS DIVISION OF WYETH, Frazer, PA 1989-2008 Manager, Treasury Operations Managed the cash flow budgeting and forecast cycle with formal variance analysis per accounting cycle. Continual efforts to increase the accuracy of data intelligence through coordination of communications with functional areas of the global organization. Redesigned the cash flow budget/forecast model to improve accuracy and predictability of cash flows to 96 percent on $6 billion in free cash. Established and maintained business necessary banking relationships for division along with RFP to minimize banking fees. Twenty accounts closed. Managed seven personnel with cross training through numerous re-structuring periods while expanding training and enhancing skill sets. Implemented Automated Teller Machines for six different sites to reduce infrastructure costs. No ATM fees charged to users. Developed, and implemented a corporate travel card program to reduce costs. Soft savings of $5 – 10 million realized annually. Implemented Credit Card acceptance program for division sales which has grown to over $100 million annually to satisfy demand and transfer credit risk. Create cost saving opportunities within function and followed through to implementation. Approximately $3 million in cost savings annually. Coordinated efforts on Outsourcing Activities relative to Finance function to insure access to partner employees. Formally documented processes and procedures for Treasury Operations with on-going updates as needed. Coordinate all domestic and international payments with both cash application and credit analysts to effect timely and accurate posting to customer accounts. Historically assigned special projects at both confidential and restricted levels. Bell Atlantic System Services Division of Verizon Inc., Frazer, PA 1983-1989 Supervisor of Budgeting Responsible for developing divisional P&L budgets using top down budgeting approach. Performed Cash Management and maintained all banking relationships. Developed cash budget and continual forecasting of operating unit cash flows. Performed Lease/Purchase analyses in tandem with Discounted Cash Flow Analyses. Maintained yearly operating budgets through business cycles. Performed ongoing review of all operating expenditures for business unit/divisional review to maintain budget targets or provide rationale for changes to budget. Supported mainframe general ledger conversion to MSA.
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FREDERICK T. NAFE
(610) 524-1867 Reconfigured general ledger structure mapping to direct and indirect cost format to support profit center reporting. Wrote all Capital Spending Requests for operating facilities to provide justification and logic. Managed building construction budgets for divisional headquarters’ expansion to manage costs and financially justify punch list additions. Special projects included five year strategic planning. A. POMERANTZ AND COMPANY, INC, Philadelphia, PA 1979-1983 Manager, Business Planning and Financial Analysis Developed operating budgets and business segmentation on a present value discounting method for five year planning. Financial analysis performed on an ongoing basis. Management overviews were provided to highlight problem areas at a business unit and divisional level. Implemented the use of personal computers for certain financial activities to track profitability objectives. In 1981, organization awarded President’s meritorious service award. SONOCO PRODUCTS CO, INC., Downingtown, PA 1973-1979 Plant Accountant Provided cost accounting to multiple sites: Downingtown, Pa. - Job order cost, Richmond, Va. and Marietta, Ga. -Standard cost. Initiated month end close entries, accrued expenses, performed financial analysis on all variances with plant management during period reviews. Developed budgets and forecasts to drive product costs per plant. Coordinated periodic physical inventory validation to perpetual records while solving discrepancies. Gained experience in working with system programs for accounting activities.
EDUCATION MBA, Business Administration, concentration in finance, Eastern University, St. Davids, PA. BS, Accounting, Villanova University, Villanova, PA. OTHER EXPERIENCE
Experienced in SAP R3 system, FICO Module, A/P and A/R exposure (9 yrs.) , GDW, Essbase, Hyperion reporting system, Microsoft Office Suite, Microsoft Access, Global intercompany netting exposure. Familiarity with web based bank reporting systems. Experienced with compiling and reporting abandoned property filings per state. Approved all electronic disbursements for A/P function. Daily coordination of bank account drawdowns with corporate treasury. Exposure to foreign currency hedging. Also coordinated needs for Letters of Credit and insurance with respective corporate functions. DCF,NPV,IRR. MILITARY SERVICE
National Security Agency (US Army). Required Top Secret security clearance with background investigation by the U.S. Government.
