Saby Sen
SVP and Chief Financial Officer @Homedics
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WORK HISTORY
SVP and Chief Financial Officer @Homedics
Commerce Township, MI, US
HoMedics is a decent-sized multinational company that develops, markets, and sells health and wellness as well as consumer electronics products. HoMedics products are sold in over seventy-five countries under HoMedics as well as other well-known brands including House of Marley, Ellia, Black & Decker, Powermat, Taylor, HMDX, Jam, Obusforme, Home Touch, Mybaby, and Salter.Chief Financial Officer and Board member of the HoMedics Group of Companies. Oversees worldwide Finance, Accounting and Reporting, Logistics and Supply Chain, and Human Resources functions. An integral member of the senior management team. Manages a team of 100+. Position reports to the CEO. Responsibilities include financial planning and analysis, financial accounting and reporting, financial consolidations, demand planning, mergers and acquisitions, treasury and risk management, debt management and banking relationships, credit and collections, vendor management, tax compliance, pricing, warehousing and distribution, trade compliance, employee relations, employee benefits, talent acquisition, retention and development, compensation and bonus structure, 401(k) management. Formulate, execute, and manage numerous initiatives aimed at improving existing processes, removing redundancies, increasing productivity, and ultimately improving profitability and cash flows.• Navigated successfully through pandemic uncertainty, provided access to incremental $20 million capital.• Negotiated numerous refinancing of credit facility and reduced cost of borrowing by >40%.• Analyzed 40+ potential acquisition targets, advised CEO on financial viability and strategic fit. • Divested 3 non-core businesses to reduce the debt burden, used funds for strategic initiatives.• Enhanced performance measurement capabilities, set up financial and operational metrics. • Invested in warehouse operations and doubled DTC throughput.• Reduced DSO by 20%; Improved Forecasting Accuracy by 10%.
EDUCATION
St.Xavier's College, Kolkata
BS in Accounting, Accounting and Finance
Northern Illinois University
MBA, Finance
South Point High School
High School Diploma
The Institute of Chartered Accountants of India
Chartered Accountant (CPA), Accounting
SKILLS
ABOUT SABY SEN
C-suite\" executive having 25+ years of experience in all key areas of finance. As Chief Financial Officer also oversees Human Resources and Supply Chain functions. Manufacturing and Distribution experience in Fortune 100 and mid-size companies. Cultural adaptability in Public, Private-Equity and Privately-Held organizations. Effectively blends creative and analytical abilities with business acumen to develop and implement innovative ideas that improve bottom-line results. Deep knowledge of building and leading corporate finance organizations from the ground up. Team builder and mentor who motivates team members to deliver in an environment of ongoing change. Trusted and well-liked with spotless integrity. Provides effective governance as a Board member.Specialties: • Acquisitions/Mergers/Divestitures - Structuring, Financing, Due Diligence, Purchase Accounting. • Strategic Planning, Omnichannel Retail Growth Strategy, Brand Licensing, International Expansion• Term and Revolving Debt Management - Compliance, Refinancing, Restructuring• Business Restructuring, Acquisition Integration• Systems & Technology Utilization, Tier 1 ERP Implementation• Treasury activities including Cash Management and Derivatives• Cost Containment, Financial Discipline • GAAP, IFRS, SEC, Accounting, Reporting and Consolidations, Auditing. • Financial Planning and Analysis, Financial Modeling.• Performance Management Programs, Training, and Talent Development.
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