David Pilat
Assistant Treasurer @ArcelorMittal
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WORK HISTORY
Assistant Treasurer @ArcelorMittal
Chicago, IL, US
As Assistant Treasurer in the U.S, manage the Treasury, Order-to-Cash, and Procure-to-Pay functions, along with working on a multitude of other projects built around a shared services / outsourcing strategy. Managed multiple tasks related to the transition agreement post the sale of ArcelorMittal USA LLC to Cleveland-Cliffs. Supervised the wind down of ArcelorMittal USA’s $1 billion AR securitization program after its acquisition by Cleveland-Cliffs in December 2020- Treasury: Responsible for running the treasury function which includes working capital financing programs, cash flow forecasts, debt paydown and maintaining bank accounts for (1) ArcelorMittal Calvert LLC and (2) ArcelorMittal Sales and Administration LLC and ArcelorMittal USA Research LLC (the “Retained Entities”) which cover the U.S. assets and employees retained after the ArcelorMittal USA LLC divestiture to Cleveland-Cliffs- Order-to-Cash: Manage the Billing, Credit, Collections and Cash Application functions for ArcelorMittal Calvert LLC. Possess strong ability to understand and articulate business cases on credit extensions to drive revenue / profits while minimizing risk. Work as a team across the Group to enhance cash flow and provide good customer service- Procure-to-Pay: Established and currently manage an Accounts Payable system in SAP for the Retained Entities. Play a key role in vendor management. Oversee outsourced activity related to Accounts Payable- Working Capital Financing: Lead and support working capital financing initiatives, with a focus on ArcelorMittal Calvert and ArcelorMittal Texas HBI financing- Special Projects: Work on a variety of projects such as on-boarding activities of a newly acquired operations.Held the ArcelorMittal\'s most senior U.S. credit position from January 2008 to December 2020. Responsible for the credit management of $15 billion of revenues and receivables of $1.5 billion; signature credit authority was $60 million.
EDUCATION
DePaul University
MBA, Finance
Indiana University Bloomington
BA, Economics
SKILLS
ABOUT DAVID PILAT
Manage the Treasury Operations, Order-to-Cash, and Procure-to-Pay along with working on several projects for entities in ArcelorMittal North America with a focus on shared services / outsourcing• Handled tasks relative to the transition services agreement post the sale of ArcelorMittal USA LLC to Cleveland-Cliffs• Responsible for a $1 billion receivable securitization facility and associated trade credit insurance program; post ArcelorMittal USA’s acquisition by Cleveland-Cliffs, supervised the wind down of this securitization program• Currently leading the implementation of a significant AR securitization program in ArcelorMittal North America• Held ArcelorMittal’s most senior U.S. credit position as the Finance Manager – Credit from January 2008 to December 2020, reporting to the Treasurer Americas• Directed a $15 billion revenue credit and collection function; signature credit authority was $60 million• Ability to make multi-million-dollar financial decisions in a fast-paced, high-pressure environment• Consistent record of improving cash flow metrics while maintaining company revenue and profitability• Possess strong bankruptcy and litigation management skills• Lead customer visits at the senior management level• Foster cooperation between various company areas in the performance of job function• Maintain strong communication to sales and field finance teams• Solid knowledge of Sarbanes-Oxley and other compliance activities• Navigated major customer credit risk situations, including some of the largest U.S. bankruptcies• Participant in multiple SAP implementations while maintaining baseline results• Managed M&A in credit / treasury operations for multi-billion-dollar revenue companies• Strong international customer experience and handling challenges of large global organizations• Lead Recruiter at Indiana University; developed a pilot program for recruiting student veterans• Possess excellent people management skills
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