Michael Nalobin, MBA , New York, United States

I am a hands-on, goal-focused, leader with over 10 years of experience as a Controller.
Excel and VBA power user, looking for a Financial Planning and Analysis project.

After launching my career in public accounting, I transitioned to a variety of industry roles in manufacturing and distribution with a heavy focus on cost accounting and inventory control.

For the last 8 years, I’ve been with Lifeway Foods, a consumer-goods manufacturer and distributer. Lifeway was founded in 1986 and is still being operated by the original founding family. Prior to me joining the company, the day-to-day accounting functions were outsourced to Narod & Co. in Chicago. The company is an ideal hybrid of family-operated and being publicly-held which required tight internal controls.

I built the Accounting department from scratch including:
• Hired and trained 8 employees including:
o Accounts Payable Coordinator
o Accounts Receivable Coordinator
o Payroll Clerk
o Purchasing Manager
o Inventory Manager
o Staff Accountant

• Developed, wrote and disseminated accounting processes and procedures surrounding:
o Chart of accounts and general ledger
o Purchase orders, Vendor setup
o Receipt of raw materials, Production
o Overhead rate methodologies
o Inventory (including cycle counts)
o Client credit, Invoicing, Collections
o Month-end close, Revenue cutoff
o Journal entries, month-end close
o Inventory transfers
o Bank reconciliations
o Balance sheet account reconciliations
o P&L accounts analyses

• Developed approval matrix for proper segregation of duties and internal controls
• Created workflows including 3-way matching (POs, Receiver, Invoice) to ensure accurate receipt of all items on all purchase orders
• Selected, tested and implemented MS Dynamics and coordinated training across all departments
• Led the due diligence of the acquisition of a major supplier and integrated the newly acquired entity
• Primary POC for all audits including annual external financial audit, SOX, state audit, 5500, etc.
• Converted periodic inventory system to perpetual inventory system

In December 2015, I was promoted into a new role, SVP, FP&A. In establishing the new department, I immediately hired 2 finance analysts and undertook the following:

• Developed comprehensive annual budget after meeting with each department (HR, Marketing, Sales, Purchasing, Production, Distribution, etc.) at multiple locations. The annual budget and quarterly reports became an integral part of all Board of Directors meetings
• Prepared monthly rolling forecasts reflecting YTD actuals plus re-projection for remainder of the year
• Analyzed material variances - revenue and expenses – including research commentary
• Compiled weekly reports on sales – by product, by region, by client
• Established meaningful KPIs and distributed weekly analytics and reports to senior management
• Implemented Hyperion for consolidation of 5 subsidiaries
• Provided production analytics including resource optimization (materials and labors), COGS and cost/benefit analyses
• Collaborated with all department heads to develop a 5-year strategic growth plan
• Evaluated requests for capital expenditures, analyzed Return on Invested Capital (ROIC), payback period, total cost of ownership, etc. and partnered with production on installation, ongoing maintenance needs, etc.
• Prepared a wide variety of ad-hoc analyses


Over the last 4 years, I’ve managed 6 direct reports and had a total of 17 people reporting into me.

I have recently relocated from Chicago to NYC because my wife was promoted to a new role at her company so I am looking for the right opportunity in the NYC area where I can make an immediate and measurable impact.