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Michael Glaser

Finance professional for automotive, mechanical engineering and construction

from 02.09.2024
Interim Manager since: 03/2014
Update: 04.07.2024

Contact data

Michael Glaser, München

D-81825 München
zbp.ybn@erfnytyrnupvztz

Telefon Mobile
+4915736425134

Social networks

Short profile

Intro
Dear Madame or Sir, as Finance Director, Head of Group accounting / GM / CFO I am looking bach on 16 years of professional experience in the international automotive supply industry with the companies MAT Foundries Europe GmbH (https://www.matfoundrygroup.com/), A-Kaiser GmbH (https://www.a-kaiser.com/de/), Metzeler Schaum GmbH (http://www.metzeler-schaum.de/) and HEKUMA GmbH (https://hekuma.com/). In addition, 2 years in the French food industry (fluently in French) and 12 years in the international construction industry.
Experience overview
  • Group Accounting: Year end closing German GAAP + IFRS international (LucaNet)
  • Controlling: Financial-, production-, sales controlling, due diligence
  • Restructuring, M+A, Poster Merger Integration, IDW S 6 opinion
  • IT: ERP implementation (SAP), IT processing, process improvements
  • Cash management; Cash planning, Working Capital Management close to insolvency
  • Human Resource: HR development, German constitutional labour law, down sizing
  • Branches: Automotive, mechanical engineering, plant engineering, construction
Tasks
Konsolidiertes Konzernrechnungswesen
Functions
  • Finance
Head of Group Accounting and Tax, Kaufmännischer Leiter, CFO
 
Role in the company
  • 2nd Level / Division Management / Department Management
Industry experience
  • Construction Industry (incl. Suppliers)
  • Automotive, Supplier
  • Mechanical Engineering
Type of company
  • Corporation / Group
  • Medium-sized Enterprise
Regions (Regions where you have proven experience)
  • Europe (EU)
Languages
  • German (Mother tongue)
  • English (Business fluent)
  • French (Fluent)

IM projects (self employed)


Company description

Production and sales of windows, all over Europe. International Group with production and sales in Germany (1.400 FTE) and abroad (18.000 FTE).

Company turnover in Mio $
150 Mio USD
Number of employees in company
1400
City / place
Süddeutschland
Initial situation at the client
Unpräzises Reporting; kein Teamleiter Accounting, der den Konzernabschluss in Deutschland vorbereitet und durchführt und an die Konzernmutter im Ausland berichtet. Verunsichertes Accounting team, dass anteilig das Unternehmen verlassen wollte. Man hat einen Interim Manager gesucht, um das Reporting an die ausländische Konzernmutter zu verbessern in Bezug auf Genauigkeit und Umfang. Das Accounting Team musste stabilisiert werden und der deutsche Konzernabschluss sichergestellt werden.
Area of responsibility (sales and employees)
Group Accounting (150 Mio.€, 6 reports)
Mission
  • Structuring of reporting and improvement of accuracy.
  • Prevent accounting team from leaving the company.
  • Prepare consolidated financial statements and complete it in time in accordance with the requirements of the foreign parent company by end of January 2023 (reporting package).
  • The German consolidated financial statements should be prepared by end of March 2023.
Measures taken
  • Reporting analyzed, supplemented and refined.
  • Team motivated through privat events outside the company.
  • Wishes of the team to improve working conditions fulfilled.
  • 2 employees hired.
Achieved Achievements
  • Reporting improved to the satisfaction of the parent company.
  • Employees prevented from leaving the company.
  • Two new employees hired and motived the team to manage the existing workload on time.
  • Reporting package for the consolidated financial statements prepared on time.
  • German consolidated financial statements prepared on time.
Special challenges
  • Insecure and overburdened accounting team after company takeover.
  • International environment with short deadlines for monthly and year-end closing.
  • Few employees and difficult market environment for accountants.
  • New web-based SAP reporting system.
  • Group consolidation.
  • High time pressure.
City / place
Aicha vorm Wald, Deutschland
Initial situation at the client
• Vertriebsunterstützung gegenüber VW und Daimler Benz für die Akquisition von Neuaufträgen • Unterstützung des Insolvenzverwalters in Vertriebsangelegenheiten Umsatz: 80 Mio. €
Number of employees in company
8
City / place
Ueckermünde, Deutschland
Initial situation at the client
• Monatsinventuren • Klärung Kundenabzüge • Abrechnung Kundenwerkzeuge • Ermittlung Produktionsausschuß • Kontenklärung • Cash Planung • Verbesserung SAP • Ansprechpartner des Betriebsrates • Personalabbau • Weiterentwicklung Personalwesen, Buchhaltung, Controlling • Energiesubventionen vom BAFA Übernahme in ein festes Anstellungsverhältnis ab 01.01.2020 Mitarbeiter: 8 Umsatz: 60 Mio. €
City / place
Stuttgart-Fellbach, Deutschland
Initial situation at the client
• Umstellung und Vereinheitlichung des Monatsreportings von drei Produktionswerken in Deutschland und einem in der Slowakei (330 Mio.€ Umsatz) gemäß den Vorgaben des englischen Mutterkonzerns • Darstellung der monatlichen Kostenabweichungen gegenüber der Kalkulation • Begründung der Abweichungen, Empfehlung von Gegenmaßnahmen Umsatz: 330 Mio. €

Work history (permanent employment)


25 entities spread all over Europe, thereof 8 production entities

City / place
Südlich von München
Remarks
Monthly preparation of the consolidated financial statements at the company headquarters for 25 subsidiaries.
Preparation of the consolidated annual financial statements.
Management of a project to convert the accounting system from HBG to IFRS, for the first time in 2024.
Position: Head of accounting and tax
City / place
In der Nähe von Passau, Niederbayern
Remarks
• Accounting, group accounting and controlling of a construction group with around
23 legal entities
• Monthly consolidated group accounting with LucaNet
• Evaluation of unfinished construction projects
• Annual group budgeting
• Cash planning and monitoring
• Financial reporting to the banks
• Leading 14 employees in 3 groups
Employees: 400
Sales volume: 400

Iron foundry in the automotive supply sector

City / place
Ueckermünde, Deutschland
Remarks
• monthly stock take
• check of customer deductions
• invoicing of toolings
• set up of accounting, controlling, HR team
• clearification of accounts
• check of production scrap
• cash planning
• union and works council
• downsizing of staff
• SAP improvements
• BAFA energy subsidies
Employees: 8
Sales volume: 60 Mio. €
City / place
Aicha vorm Wald, Deutschland
Remarks
• set up of a finance organisation
• set up of a sales organisation
• set up of purchase and supply chain organisation
• set up of industrial engineering
• set up of product costing
• set up of a profit center analysis
• set up of monthly budget comparison
• cost control meetings with production managers
• IATF 16949 quality certification
• sale of the entity
Employees: 650
Sales volume: 111 Mio. €
City / place
Memmingen, Deutschland
Remarks
Commercial Managing Director of Metzeler Schaum GmbH for procurement, accounting, con-trolling, IT and Managing Director of British Vita (Germany) GmbH, the finance hold-ing of Vita in Germany with in total €180M of revenues (German group cash man-agement, German consolidated accounting).
Employees: 350
Sales volume: 78 Mio. €
City / place
München-Eching
Remarks
• IFRS accounting
• simultaneous costing for machine engineering projects
• staff development (individual targets)
• improvement of the ERP system
• risk management
• claim management
• process improvements in project management
• negotiations with banks
• communication to the stock exchange
Employees: 9
Sales volume: 40 Mio. €
City / place
München-Taufkirchen, Deutschland
Remarks
• merger of two entities after acquisition
- IT integration
- integration of accounting and controlling
- harmonisation of the rebate system towards the German retailers
- negotiation of social plan with the works council and the trade union
- integration of staff
• yearend financial statement 2002 and 2003
• communication oral and written in French language
Employees: 20
Sales volume: 220 Mio. €
City / place
München, Deutschland
Remarks
• creation of a centralized accounting and controlling office for the business unit
• creation of a centralized payroll office
• project manager of SAP implementation in four production sites
• instructor for construction law (VOB, BGB)
• implementation of risk management
• shut down of two factories (redundancy plan)
• disposal of the business unit (international M+A project)
Employees: 8
Sales volume: 120 Mio. €
City / place
München, Deutschland
Remarks
• creation of a finance organisation (accounting, project controlling, treasury)
• yearend financial statement
• costing and legal support when placing offers to customers
• placement of work packages to subcontractors (construction work, engineering
services)
Employees: 4
Sales volume: 15 Mio. €

Road construction company in the new German federal states (DM 300 million turnover, 1000 employees; Dresden DM 15 million turnover, 60 employees)

City / place
Dresden
Remarks
• Project liquidity planning at the company headquarter in Berlin
• Cost controlling of construction sites
• Verification of the earnings situation
• Staff reduction, shut down of the subsidiary
City / place
Mannheim, Deutschland
Remarks
• Project manager for evaluation of potential M+A targets on international level
• ROI calculations for major investment projects (BOT; build, operate and transfer)

Education

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