Paul Wolf

Current City: Cary, NC
Chapter: Raleigh SCORE

Mr. Wolf is a highly experienced (36+ years) professional with hands-on and management experience in a large number of financial disciplines in engineering, manufacturing, and headquarters environments: • Financial Reporting Systems - Designed and implemented several reporting systems including a budgeting and reporting system for the engineering organization which downloaded data from a Peoplesoft database and used Excel spreadsheets to create spending by dept and allocations to product lines. • Program Management Modeling – Collaborated with business managers to develop a reporting system for development programs, and tax reporting of R&D spending. • Cost Accounting – Developed and implemented a “Forward Cost Model” which allowed more accurate cost prediction. This report helped increase the new program success rate by over 30% • Financial Analysis - Analyzed product line operations for profit and made recommendations for improvements resulting in better return on investment. • Auditing - Performed internal operational audits and ISO9001 conformance audits. In a three month period, I set up procedures, trained personnel, and ensured that the plant was prepared for their successful ISO9001 certification, on the initial attempt. • General Accounting - Reduced preparation time by 50% and increased accuracy by 20% by systematizing general accounting reporting routines. • Business Standards – Managed the local Business Standards operation and provided advice and reporting for potential and real conflicts of interest and other business standard violations. • Human Resources – provided local benefit administration, recruitment, salary planning and other human resource activities for a plant of 50 employees. Business Experience US Army – Instructor 3 yrs. General Electric Co., Harris Corp, Intersil (successor companies) – 36 yrs. Specialist – Cost Accounting Internal Auditor Financial and Business Analyst Manager – Finance Manager – Finance & Human Resources Certifications BA in Economics – Rutgers Univ. General Electric Financial Management Program (MBA equivalent) Software Microsoft Office Products (Excel- high proficiency) Peoplesoft Financial and Human Resources modules Testimonials: • Collaborated with management and users to systematize the reporting requirements. Resulted in improved accuracy and decrease in preparation time from 50 to 25 hours per week. • Collaborated with 25 users located in 6 sites and the systems group to create an engineering financial reporting system using queries from the Peoplesoft financial database and Excel based reports. Resulted in reducing report generation from 4 to 1.5 days and usability by 50%. • Developed an ISO 9001 internal audit program which resulted in a 50% reduction of non-conformances by the ISO 9001 registrar. • Mentored finance employees in 2 other product lines which resulted in backup capability and standardization across the company and improved efficiency by 25%. • Developed a new product ROI reporting system which would support a new company metric by collaborating with the marketing organization and sales IT groups. The results were seen in a 20% increase in margin and an increase in the value provided by the finance group. • Developed, implemented and trained users in a new product development planning and reporting system which resulted in new program success rates increasing by 30%. • Designed and implemented an innovative forward cost model which resulted in a 30% increase in new product margin.

Resume

Education

BA Eco - Rutgers Univ; MBA equivalent - General Electric Co. Financial Management Program

Mentoring Methods

Email
In Person