SENIOR LEVEL FINANCE EXECUTIVE/CFO
Senior Financial Executive with 20+ years of extensive experience leading public/private global organizations. Experienced in all staff and operating management roles, including legal, information systems, procurement, and H.R.. Demonstrated ability to solve technically difficult problems while generating and leading strong profit improvement and cost containment. Proactive and collaborative leader with multicultural communication skills (English, Portuguese, Spanish), strategic vision and proven competency to execute. Wharton BS Economics. Open to relocation in US and abroad.
AREAS OF EXPERTISE
Product Cost & Accounting
Forecasting & Budgeting
Mergers & Acquisitions
Operations Analysis & Reporting
Treasury Operations
Tax Planning
Foreign Subsidiary Incorporation
Exposure Management
Shared Service Operations
Risk & Insurance Management
Transfer Pricing
Process Modeling & Integration
MIS (Oracle, SAP) Implementations
Logistics Management
Exchange Controls & Regulations
SELECTED ACCOMPLISHMENTS
In the absence of a local futures market, proactively secured a dollar indexed hedge, resulting in a $7.5M gain offsetting the exchange loss of a maxi-devaluation of currency while Treasurer leading the foreign subsidiary of a Fortune 500 company.
During a critical economic recession and a 30% decrease of sales, saved a $200M company from experiencing significant losses by: directing cost containment efforts, organizing operating activities and communications between departments (Sales, Production, Procurement), implementing product tracking, inventory management and directing department efforts resulting in reducing working capital $10M and operating expense $8M.
Sourced $3M organization global cash management through the establishment of an international holding company to manage and direct the sale/lease back of a US manufacturing site then infusing the capital into failing foreign subsidiary. Results included: increased funds, tax effective investment at low risk.
PROFESSIONAL EXPERIENCE
Alexander Proudfoot, Sγo Paulo, SP, Brasil 2011
Cost reduction evaluation/modeling of airport operations for a major US Private Equity group, bidding for the operating concessions for the Sγo Paulo (GRU) and Brasνlia (BSB) international airports.
ABB INC. (ABB US subsidiary), St. Louis, MO. 2009-2010
Power Transformers and Service Division, $120M annual sales
Controller
Managed financial and operational analysis/reporting, forecasting, budgeting, receivables, payables, auditing, project payment stream hedging and product cost analysis.
SAP implementation of $50M in departmental budgets for 210 employees.
Directed Sarbanes-Oxley implementation and compliance.
SUNBEAM L.A., LLC (Jarden Corporation subsidiary), Miami, FL, 2007-2008
Small Appliance Manufacturing & Distribution, $300M annual sales
Financial Consultant
Financial representative of 3 member team which outsourced new subsidiarys business processes and warehousing services, on-site in India.
Uncovered cost effective hedge vehicle for subsidiarys exposed monetary assets, secured on-site with International Banks in Venezuela.
Established new Brazilian subsidiary in 6 months, performing market analysis, business case elaboration, product sourcing (imported cost to local retail price) and securing a distribution channel (increasing sales 50%), on-site subsidiary incorporation (municipal, state, and federal registry, Central Bank registry and import license), and recruiting the General Manager.
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SISMARK LTD., Sγo Paulo, Brazil 2006-2007
Promotional Product Manufacturing & Sales, $5M annual sales
Financial Consultant
Developed product cost and cost center controls, contribution margin analysis, management reports, and working capital credit lines.
SCHWING AMERICA, INC., St. Paul, MN (Schwing GmbH Subsidiary), 2000-2005
Leading Concrete Equipment Manufacturer, $300M annual sales
Executive Vice President and Chief Financial Officer 2000-2005
Recruited by Group Chief Financial Officer. Developed a restructuring plan for the US subsidiary while at group headquarters in Germany. Scope of responsibility included accounting, treasury, payroll, information and communication systems, human resources, and purchasing departments, and served as Board member. Assumed Chief Operating Officer Duties 2000-2003.
Led financial management in U.S. for 2 manufacturing sites.
Directed all financial operations including: accounting, treasury, payroll, compliance and tax.
Managed MIS, Purchasing and Human Relations departments.
Key Account negotiations.
Reduced G&A expenses by 25% / $8M and inventories by 20% / $10M by applying lean management and process competency.
Increased committed credit facilities by $10 million through restructuring.
Reduced debt and payables by 60% by leading financial governance of U.S. affiliate.
Implemented SAP R/3 in 10 months, including change management and process improvements, and providing template for worldwide subsequent application.
Orchestrated $3M capitalization of Brazilian subsidiary, funded by U.S. sale/lease-back and Brazilian purchase/lease-back operations.
Coordinated (on site with KPMG) the reinstatement of a dormant subsidiary in Mexico.
MOTOROLA DO BRASIL LTDA., (Motorola Inc. Subsidiary), Sγo Paulo, Brazil 1997-2000 Telecommunications & Infrastructure, $1B annual sales
Finance Director, Corporate
Managed financial shared services including treasury, tax, payroll, capital expenditure, budget consolidation, and legal entity financials for 4 operating units.
Implemented tax planning which recovered $4 million in sales tax credits.
Applied cash management and risk & insurance management competencies which reduced cost $1M.
Brought transfer pricing into compliance with U.S. and Brazilian regulations.
Coordinated PWC activity to implement Oracle Rel. 11 for operating sectors (4 separate systems) requiring 30+ system interfaces.
GENERAL MOTORS DO BRASIL LTDA., (GM Inc. subsidiary), Sγo Paulo, Brazil 1989-1996
Automaker, $5B annual sales
Assistant Controller, Cost & General Accounting 1994-1996
Managed receivables, payables, credit & collections, product cost, inventory control, accounting consolidation, fixed assets, auditing, project control and process improvement.
Trained in Process Modeling and Integration and led implementation for 110 employees.
Delivered 80+ group work sessions identifying 100+ process improvements resulting in the reduction of month-end close from 6 to 3 days.
Directed tax planning committee and managed $400 million in US GAAP provisions.
Established compliance with local tax requirements (creating auxiliary data ledgers).
Led the financial case study and due diligence to establish a new joint-venture in Argentina, and organized back-office internal controls on-site.
Assistant Controller, Operations Analysis & Factory Accounting 1992-1994
Prepared and presented forecasts and budgets, business plans and economic studies, managed departmental cost and payroll.
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GENERAL MOTORS DO BRASIL LTDA (continued)
Assistant Treasurer 1989-1992
Managed bank relations, funding requirements, off-shore investments, hedging, risk and insurance, pension fund Central Bank registry and dividend repatriation.
Managed U.S. commercial paper program for local capital investment funding.
Directed task force transforming 2 financing entities into commercial and investment bank with assets of $4 billion and a leasing company.
Realigned insurance coverage reducing annual premiums 33% / $1.3 million.
EDUCATION
B.S., Economics: Wharton School of Finance & Commerce, University of Pennsylvania.
Major: International Business; Minor: Business Law |
