David Biel
Verified Expert in Management Consulting
Management Consulting Expert
Sun Prairie, WI, United States
Toptal member since January 2, 2023
David is skilled at transforming financial operations, having taken a finance function, outsourced back-office accounting, and developed a first-ever budget and forecasting, all while revenues grew 155% annually. Additionally, he is a versatile resource, having worked in corporate finance roles, including work in the Fortune 100, and tackled accounting challenges as a licensed CPA. David joined Toptal to expand his range of projects and serve more organizations.
Career Highlights
Case Studies
Board of Directors Presentation
KPI Analysis
Cash Flow Forecast
Software Expertise
- Microsoft Excel
- QuickBooks Online
Other Expertise
- Budgeting
- Certified Public Accountant (CPA)
- Cost Analysis
- Finance
- Financial Planning & Analysis (FP&A)
- Forecasting
Work Experience
Fractional CFO | Controller Consultant
D3 Consulting
- Provided CFO services, oversaw the first-ever budgeting process in a small business, and created zero-based budgeting worksheets to highlight different expense areas and drive accountability around spending reduction.
- Transitioned a small, private medical device company to public ownership by reviewing and correcting accounting and participating in four significant audits after the project.
- Converted back-office accounting functions to offshore accounting functions, saving $74,000 in annual salary expenses.
FP&A and SAP Analytics Cloud Expert
Tropicana Brands - Main
- Developed FP&A reports for private equity owner reporting, including detailed information and financial extracts from various systems.
- Reviewed a list of reporting requests for new SAP instances for spun-off entities. Researched requirements and identified applicable SAP Fiori tiles that met end users' needs.
- End-user-tested reporting in SAP Analytics Cloud (SAC) to ensure compliance with end-user needs and correct system functionality.
Controller
Richelieu Foods
- Managed process for writing and submitting capital authorization requests totaling $3.0 million. Completed reconciliation of construction in process account and capitalized projects on the balance sheet.
- Led analysis and reporting of the financial impacts of COVID-19 on the manufacturing facility. Tracked and reported all paid-not-worked for CARES act credit.
- Supervised the regular budgeting and forecasting process across the manufacturing facility, driving cost savings and reduction in a period of declining volume.
- Organized all manufacturing standards for the facility and developed new manufacturing standards for offsite to repack facility, allowing mixing of product offsite and 20% increased line speeds.
Senior Financial Analyst
Nelson Global Products
- Analyzed and reported daily cash needs to the CFO, management team, and shared services manager. Managed and forecasted interest payments and maintained detailed amortization schedules on various term and revolver borrowings.
- Developed a cash flow forecasting model using inputs from accounts payable and receivable and debt service information. Provided analytics to the CFO and shared services manager to assist in managing cash flow.
- Completed two assignments as the interim controller of Ft. Wayne, IN, and Cambridge, MN, manufacturing facilities, each comprising $50 million in annual revenue.
- Completed the analysis of a greenfield investment in a new country/market. Built a discounted cash flow (DCF) model to evaluate potential revenue, costs, and expenses to justify the project.
Senior Financial Analyst
The Kraft Heinz Company
- Started as a financial analyst in FP&A and worked as a senior analyst on a brand team with $200 million in revenue.
- Collaborated with marketing and sales to develop and implement merchandising strategies, including trade and consumer promotions, to grow profitably. Grew net contribution by 15.2% as a member of the team.
- Led internal process to value and purchase plant automation equipment, including a $4.2 million capital project that generated an internal rate of return of 33.5%.
- Developed Microsoft Access database to track commodity price impacts on corporate and category P&L's across 11,000 consumed resources and $1.4 billion in annual commodities purchases.
- Managed monthly close process for the entire business unit operations organization, including eight manufacturing plants and an annual $2.5 billion cost of goods sold.
Education
Certificate in Accounting in Accounting
University of Washington - Seattle, WA
Master of Business Administration (MBA) in Finance
University of Wisconsin - Madison, Wisconsin
Bachelor of Business Administration (BBA) in Finance
University of Wisconsin - Madison, Wisconsin
Certifications
Certified Public Accountant (CPA)
AICPA
Certified Management Accountant (CMA)
Institute of Management Accountants (IMA)
Skills
Finance
Budgeting, Financial Planning & Analysis (FP&A), Accounting, Forecasting, Revenue & Expense Projections, Certified Public Accountant (CPA), Valuation, Free Cash Flow (FCF), Cash Flow, 13-week Cash Flow, P&L Forecasting, Financial Modeling, Valuation Analysis, Private Company Valuation, CPA, Controller, CFO, Corporate Finance, Private Equity
Output Software
Microsoft Excel
Data & Analysis Software
QuickBooks Online, Hyperion
Other
Break-even Analysis, Analysis, Manufacturing, Fathom, QuickBooks ProAdvisor, Finance, Financial Controlling, Controlling, Board Presentations, Presentations, Key Performance Indicators (KPIs), Accounts Payable, Accounts Receivable, Plant Accounting, Treasury, P&L Management, Category Management, US GAAP, Reporting, Financial Reporting Dashboards, Fractional CFO, Communication, Business Processes, Business Planning, Portfolio Reporting, Modeling, French, Corporate Governance, Cost Accounting, Cost Analysis, Medical Devices, SAP Analytics Cloud (SAC), Essbase, SAP, SAP Fiori
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