SLP Alumni - Ryan Bankert


Ryan Bankert
Finance Manager, Commercial - Global Tools & Storage
Tenure at SBD: 5 Years

 

I joined Stanley Black & Decker in June 2013 after graduating from Washington College (Chestertown, MD) with degrees in Business Management & Hispanic Studies. I joined the Stanley Leadership Program as a Finance SLP and have rotated through four finance functions over two years.

My first rotation was with Global FP&A (CDIY) in Towson, MD. Within this group, I led a team of five to develop content creation and the flow of key business presentations for CDIY President and CFO. I also worked to design and implement a model to facilitate operating plan reviews of $6B Construction & Do-It-Yourself business with Senior Management.

My second rotation was in Indianapolis, IN where I worked with Global Shared Services Accounting (Corporate) as an accountant for the Industrial & Automotive Repair division. I worked to implement an efficient process to vouch affiliate invoices and monitor affiliate inventory-in-transit. In addition, I was responsible for preparing and reviewing GL account reconciliations for the Aeroscout business.

Third, I rotated to Shelbyville, KY to work with the Plant Controllership (CDIY) team within the Power Tool Accessories manufacturing facility. There, I gained exposure to the physical inventory count and the standard cost roll processes. While at the plant, I planned & completed my SLP Lean Project – managing a project to improve labor efficiency reporting. The project reduced the weekly time needed to prepare the labor efficiency report by 92% while increasing visibility to efficiency by function/work area. The increased visibility has allowed the Shelbyville team to action inefficient areas, driving +9% efficiency YTD (2015).

For my final rotation I returned to Towson, MD to work with SBU FP&A (GTS). In this role, I provided financial support to Consumer Power Tools SBU including CAPEX tracking, portfolio profitability analysis, and R&D budget management. In addition, I am responsible for coordinating the monthly reporting process across all Global Power Tools SBUs.

In July 2015, I received an offer to stay with the SBU FP&A team as a Sr. Financial Analyst. I am maintaining my core set of deliverables while picking up additional responsibility supporting the Consumer Power Tools group’s everyday activities. In August 2015, I began pursuing a part-time MBA at the University of Maryland.

If I could stress anything to new SLPs, it would be the importance of flexibility. It’s easy to be tied to one area that’s close to home or friends. But, whenever you push yourself outside of your comfort zone there is room for professional and personal growth. Experiencing Indiana and Kentucky were two very memorable parts of my life and the finance knowledge I gained while working in both offices has proved invaluable as I advance in my career.