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Dave Banks In 60 Seconds...
Dave is a senior financial executive with over 25 years of corporate experience in multinational manufacturing companies ranging from smaller private companies to $200 million international subsidiaries of billion-dollar public companies.
An MBA and CMA, Dave focused his early career on business/financial planning and analysis and continues to work closely with owners to plan and model their businesses, their growth and improvement efforts, and the anticipated financial results.
Dave has significant operational experience both leading operations in a small private highly engineered product company with operations in Canada and Asia and in leading significant change and improvement efforts in manufacturing, operations, supply chain, and product development in a variety of businesses and industries.
For the last 13 years, Dave has been a fractional CFO focused entirely on the SME market, in a variety of industries and financial situations. He is dedicated to helping owners navigate through growth and challenging times. He assists owners in managing and improving their cash flow and financing situations, which ultimately leads to an improvement in their financial and operating results.
Dave has significant M&A experience on both the buy side and more particularly on the sell side in a variety of industries, business sizes, and situations.
Specialist Skills
Budgeting & Forecasting
Thirty+ years of building forecasts and budgets in various industries of various sizes and complexity.
Business Planning
Built multiple long-term business and financial plans and models.
Cash Flow Improvement
Significant work in lowering receivables and improving inventory turns into major improvements in supply chains and manufacturing processes.
Profit Improvement
In-depth analysis of the customer/product margin mix to improve overall gross margins.
Leadership
Highly trained and experienced leader of change management and continuous improvement practices.
Track Record Highlights
- Led a complete due diligence effort in the successful sale of bicycle component business to a major US company.
- Led complete due diligence effort in successful sale of bicycle components business to major US company.
- Managed forecasting and cash flow through early stages of AI/Machine learning start-up in the mining space leading to first round of financing from PE.
- Established Asian based contract manufacturing and complete supply chain for Vancouver based bicycle components manufacturer.
- Led senior level team executing major manufacturing/product rollout with major international customer.
- Built simple/complex long term financial business plans/models for multiple business in multiple industries.
Sector Experience
- Construction: Demolition
- Manufacturing-Transport-Logistics: Automotive, white goods, engineered products
- Mining-Resources-Energy: Both traditional service and Tech startup
- Retail-Consumer-Products: CPG in Canada, High end bicycle components both North American and Internationally
- Technology-Media-Telecoms: AI/Machine learning start up in mining service space
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