Basking Ridge, NJ CFO
29 Years of Experience
Mike has over 25 years of international financial and executive management experience and a proven track record of driving transformational initiatives to improve business performance. Having worked in start-up, steady state, growth and turnaround businesses he has substantial experience in developing and executing targeted business strategies to help companies deliver profitable and sustained performance.
Mike's career has covered progressively increasing senior finance leadership roles in a broad spectrum of businesses and industries. In roles ranging from controller of a $4M in sales private business to divisional CFO of a $550M global business division of a publicly traded company, he has insight and first hand experience in identifying the key drivers for a successful business, regardless of size or complexity. His wide industry experience includes security & defense, aerospace, automotive, process & industrial as well as service industries.
Throughout his career Mike has been a trusted advisor to business CEO's, helping them deliver their vision for the business. Possessing a hands-on and common-sense management style, Mike develops strong relationships with key internal and external stakeholders. This allows him to understand the critical issues affecting performance and to then influence these stakeholders to ensure consistent alignment to help create value.
His diverse background and knowledge, coupled with strong analytical skills, allows him to quickly identify problem areas and develop corrective action plans to steer businesses onto the correct path. On joining a loss making automotive and industrial business, he developed and led the implementation of a multi-year turnaround plan to restructure the business. Following cost containment measures, site consolidation, loss-making product line exits and improved working capital management, the business returned both healthy profit and strong cash performance, forming the basis for a successful future divestiture of the division.
Successful businesses need clear, accurate and timely financial information to guide them in meeting their goals and obtaining the necessary financing to continue on the growth curve. To achieve this, Mike has built high-performing finance teams with a clear vision of what is required to be effective and efficient. Mentoring and developing high performing individuals; implementing cost-effective and high quality shared service organizations; and allowing team members to take full ownership and responsibility of their functions, are some of the strategies he has utilized. Along with strong people is a need for suitably sized and efficient financial systems. Mike is experienced in developing financial controls, improving reporting systems and implementing IT solutions, including ERP systems, to meet evolving business needs. He has actively managed the IT function in several roles.
Having held overall financial responsibility, Mike has extensive knowledge across the full scope of the finance spectrum and is experienced in strategic and business planning, cash forecasting and control, receivables and payables management, inventory planning and control, margin improvement, cost accounting, the financial close and reporting process as well as tax and treasury. Mike has also managed internal and external audits; has experience in government contracting; served on the boards of companies; served as a member of the Audit Committee; implemented conversion to International Financial Reporting Standards (IFRS); designed sales commission and incentive programs; identified and investigated business frauds; and managed currency hedging and risk management.
Mike's international experience, in addition to starting his career in public accounting in the UK, has involved financial oversight of businesses in the Americas, Europe and the Middle East. In these roles he has been heavily involved in M&A transactions, performing numerous due diligence and integration projects and handling purchase and sale agreements. Integration activities have included closure of duplicated head-office functions; establishing harmonized financial and treasury systems; and operational integration of the acquired businesses into the new organization structure. On the sell side he was involved in preparing the memorandum for sale and presenting to prospective buyers on the sale of a global business division for $900M.
Born in the UK, Mike obtained his Bachelor of Science in Mathematical Sciences from the University of Newcastle-Upon-Tyne. He is a qualified Chartered Accountant (ACA) and a member of the Institute of Chartered Accountants in England and Wales (ICAEW). Mike and his wife Christine relocated to the US early in his career and had the opportunity to live in New Hampshire, Massachusetts, Virginia, California, Illinois and Michigan, before settling in Basking Ridge, New Jersey with their two children. Being a soccer family, there is rarely a time when someone is not playing, watching or coaching soccer. When not playing soccer Mike enjoys working on his golf game.
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About Mike Jackson
University of Newcastle-Upon-Tyne
Certificates & Licenses:
ACA (Associate Chartered Accountant)
ICAEW (Institute of Chartered Accountants in England and Wales)
FENG (Financial Executives Networking Group)