Michael Onan

About Michael Onan

Specialties: CPA

Experience

1. VP of Finance

   TerrAscend

   Jan 2023 — Present

   Orchestrated the implementation of a comprehensive IBP framework across sales, operations, and finance, driving accountability to achieve forecasts across all functional teams through KPIs.•Chaired monthly IBP S & OP cycles, aligning operational plans with financial targets, which drove a 10% decrease in inventory within first few months improving working capital.•Developed dynamic scenario planning models within the IBP process, enabling executive leadership to make agile, data-driven decisions during volatile market conditions, leading to mitigated revenue risks.•Transformed financial reporting and systems through implementation of Epicor ERP and WhereFour tools from Quickbooks, developed absorption costing for cost management.•Established Cost Accounting function and drove 5 consecutive qtrs of margin increase, redesigned P/L for COGs MFG, Absorption, and COGS Finished Goods to tell the story of a vertically integrated business from Raw Materials, to Manufacturing, to final sale to customer. •Led Cost and Inventory Insights monthly partnering with Supply Chain, Product Portfolio, and Commercial balancing WIP inventory to drive highest value in converting materials to revenue, aligning materials with market opportunities.•Provided leadership development in IBP by exposing leaders in training to business challenges, constraints, and financial targets, created an environment to apply critical thinking, data analysis, risk assessment, and business recommendation in a structured decision form for evaluation and seeking approval.

Education

• University of Kentucky

  BA, Foreign Language and International Economics

Skills

• Financial Accounting
• Process Improvement
• Team Building
• Gaap
• General Ledger
• Cost Accounting
• Sarbanes-Oxley Act
• Sap
• Change Management
• Analysis
• Internal Controls
• Financial Analysis
• Jd Edwards
• Inventory Management
• Auditing
• Accounts Payable
• Accounts Receivable
• Accounting
• Account Reconciliation
• Financial Reporting
• Forecasting
• Leadership