Dwayne Kowaliuk, CPA

Experience

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  KPMG

  Jan 1992 - Jan 1995

  Group & Senior Manager

  * Performed numerous business valuations, acquisition due diligences, operational and internal control reviews.* Oversaw administration and planning for a group of 40 professional staff.

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  Chemol International - Subsidiary of Great Lakes Chemicals

  Jan 1995 - Jan 1998

  Group CFO and Treasurer

  An international trading company with revenues of $300 million operating in the chemicals, plastics, and agrichemical industries across 12 foreign subsidiaries. Primary responsibilities: All finance, accounting, tax, reporting, treasury and risk. Promoted to General Manager in May 1998.* Exceeded annual profit plan and effective deployment of balance sheet assets.* Guided a two year Group restructuring program resulting in the disposition of eight subsidiaries and reduction of direct/indirect reports from 75 to 20.* As managing director, developed and executed Great Lakes divestiture strategy including sale of four business units and liquidation of remaining infrastructure. Show less

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  Great Lakes Chemicals

  Jan 1998 - Jan 2005

  A NYSE global specialty chemicals manufacturer with revenues of $1.5 billion in water treatment, household cleaner, flame retardant, polymers and performance chemical markets.Primary responsibilities: Global cash, FX, risk management, pensions, commercial paper, capital structure and rating agencies.* Core integration team member responsible for merging Great Lakes Chemical ($1.5 B) and Chemtura ($2.5B) companies.* Managed worldwide cash movements between 74 legal entities over 20 different currencies & developed FAS 133 compliant hedging program.* Managed capital structure, interest rate swaps, cash repatriation, bank loans & covenants. * Prepared Board presentations on capital structure, pension, rating agency & other matters. * Negotiated and amended revolving credit facilities. Show less Primary responsibilities: Lead financial and due diligence for acquisitions, direct the consolidated monthly forecast, and lead the annual operating budget and long term strategic planning.* Partnered with business units to develop and roll out standardized management reporting.* Participated in monthly business reviews with the CEO, CFO, and BU Presidents.* Prepared quarterly financial reports for Executive Committee / Board of Directors meetings and assisted in quarterly analyst calls.* Led six sigma initiatives to significantly improve SG&A forecast accuracy & reduce DSO by 10%. Show less Polymer Stabilizers global BU headquartered in Switzerland with revenues of $350M serving polymer industry. Promoted to World Head Quarters in 2001.Primary responsibilities: Finance, accounting, tax, month end & US GAAP reporting for 20 European companies across three BUs.* Implemented customer / product profitability analysis resulting in 250 BPS margin improvement.* Led supply chain reorganization resulting in a 15% reduction in effective tax rate.* Set up a $35 million Joint Venture greenfield manufacturing facility in Saudi Arabia including negotiating sales, agency and distribution agreements and financing.* Valued and performed financial and accounting due diligence and oversaw successful integration of a $30 million acquisition. * Oversight of 45 international direct and indirect reports.* Developed treasury reporting to better manage European foreign exchange and cash flow forecasting. Show less

  • Assistant Treasurer & Director of Corporate Finance

    Jan 2003 - Jan 2005

  • Director of Financial Planning and Analysis

    Jan 2001 - Jan 2003

  • Finance Director & European Controller

    Jan 1998 - Jan 2001
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  Johns Manville

  Jan 2005 - Jan 2009

  Responsible for Strategic & Annual Op Plan and operating rhythm of a newly created $300M Global BU manufacturing industrial and consumer goods for the building and construction industry.* Implemented KPI metrics, balanced score card and cost control system for a newly formed business unit resulting in profit in excess of plan both years.* Partnered with GM to achieve reinvestment return on assets employed using portfolio analysis and optimization of asset utilization including closure of two plant locations, identifying strategic market opportunities for growth, cost out actions and capital investment to fix business.* Implemented price analytics software improving transparency of price waterfall and margins by 150 BPS. Show less Responsible for delivering Strategic & Annual Op Plan, and operating rhythm of a $600M Global BU manufacturing insulation, coverboards and membranes for commercial roofing systems. * Partnered with operations to aggressively drive productivity actions resulting in $9 million in direct and fixed cost out and consolidation of two plant locations.* Implemented price increases that drove $20M in additional income.* Partnered with business to set services strategy and led business case preparation for the construction of a new $30 million thermoplastics membrane plant.* Collaborated with functional leaders to redesign and simplify business processes as part of a SAP implementation. Show less

  • Division CFO

    Jan 2007 - Jan 2009

  • Division CFO

    Jan 2005 - Jan 2007
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  Sorin Group

  Jan 2009 - Jan 2010

  VP Finance & Accounting

  Recruited to provide strategic leadership, fix underperforming manufacturing site and build world class finance team.* Built high performing finance team to challenge status quo and drive accountability across the organization in a "no surprise" environment.* Developed people, tools and processes to accelerate month end close from 11 to 5 days with a 20% reduction in staff whilst absorbing 30% transactional volume increase with no late submissions or audit adjustments (2009 - 2017).* Partnered with Operations to implement lean principles and a daily dashboard resulting in manufacturing labor efficiencies of 26%.* Led strategic acquisition resulting in a first year ROI over 100% with global revenues doubling in three years.* Used pareto analysis to identify and solve root cause problems in revenue cycle which improved DSO 6 days resulting in $3.7M in cash; Inventory reduced by $3M without impacting customer metrics. Show less

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  Sorin Group

  Jan 2011 - Jan 2011

  VP Finance & Accounting and USA Country Leader

  Primary responsibilities: Finance, accounting, tax, and reporting for US operations. As USA Country Leader set and align strategic goals across three business units, drive harmonization and resource optimization of US footprint and preparedness for Affordable Care Act.* As USA Country Leader partnered with global matrix functions to develop and harmonize common strategic goals and needs across three business units and optimize resource utilization.* Executed strategic plan focused on customer segmentation and leveraging best in class product to pull through complimentary system products enabling organic sales growth of twice market rate in a mature space.* Led financial due diligence and acquisition of new product line. Show less

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  Sorin Group

  Jan 2012 - Jan 2015

  VP Finance & Accounting and Strategic Growth Initiatives

  Primary responsibilities: Finance, accounting, tax and reporting for US Operations ($225 million revenue). Develop and implement transformational growth initiatives for US Cardiac Rhythm Management.* Appointed to a four member global strategic growth team that used Blue Ocean Strategy to develop & implement transformational business models in US pacemakers market.* Developed innovative & disruptive business model lowering channel cost by 35%.* Successfully closed first-of-its-kind partnership deal in medical device industry with top 3 US Payer and introduced innovative risk sharing model with customers.* Led due diligence & successful integration of a key acquisition ($8M revenue & 60 people).* Passed first ever comprehensive two year IRS tax audit with no findings. Show less

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  LivaNova

  Jan 2015 - Jan 2017

  VP Finance & Accounting

  Nasdaq global medical device company with revenues of $1.2B serving cardiac surgery, neuromodulation & pacemaker market. Recruited by Sorin in 2009 to provide strategic leadership, fix underperforming manufacturing site and build world class finance team. Left Sorin/LivaNova after completing US merger integration.* Responsible for all finance, accounting, tax, and reporting for US legacy Sorin operations.* Hand selected by leadership to plan and lead integration of US Sorin operations into LivaNova following merger ~ exceeded both synergy and cost targets.* Harmonized and implemented new business processes and key controls passing 1st year SOX audit. Show less

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  Creating Shareholder Value

  Jan 2017 - now

  VP, Chief Financial Officer (CFO)| Fractional CFO

  Strategic financial leadership for small to midsize companies. Specialities include business strategy, transformational growth, commercial and operational excellence, FP&A, process improvement and value add analysis to drive sustainable results.