Occupation:Chief Financial Officer |
Location:Caguas, PR |
Education Level:Bachelor |
Will Relocate:YES |
Description
ACCOMPLISHMENTS I have lead Finance/IT/Sales/Operations/Supply Management teams for over 20 years. 5 years as a CEO/CFO of my own consulting firm, 8 years as General Manager-Food Service Division with Mendez & Co, 3 years with Carlos Malave & Co, 8 years with YUM Brands KFC, PH, and Taco Bell and 3 years as an Assistant Controller for Johnson and Johnson Pharmaceuticals. Also, 6 years of experience as an external and internal senior auditor with Deloitte and Touch and PepsiCo, New York, with broad exposure to manufacturing, banking, distribution and bottling operations. ACCOMPLISHMENTS: I lead the team that acquired Agua la Montana Company on June 2011, the second largest manufacturing operation of purify water in the island servicing over 2,500 customers. Reduced operational costs by 40% while lowering the inventory levels resulting on insurance and property taxes savings, as well. Implemented Six Sigma methodology, learned in Mendez & Co, to improve operational and management results and SAP ERP Financials, integrated payroll, purchasing, sales, accounting, taxes modules to simplify the financial information needed to run the operation. On January of 2013 I invested on Blue Markis Group a business organization in the field of technology, fiber optic, communications and for two years I became their VP/Controller. Some of my accomplishments were: * Maximized cash flow position throughout the companies by reducing the cash needs from $3,500,000 to $1,500,000 by negotiating a better reimbursement costs terms with Claro, our sole customer in Puerto Rico and Dominican Republic, while expanding our service area from a customer base region of 4,000,000 to a larger area with more than 10,000,000 potential customers in Dominican Republic. Hired and trained the accounting and treasury departments and created the accounting chart of accounts and managed the books, taxes, capital investment, reporting requirements using SAP ERP Financials software. * Reduced interest expense cost in 38% in the second year of operations and improved cash flow by 80% by improving the A/R turnover while reducing operating expenses in more than 22%. Managed all banking and loan agreements commitments of more than $2,000,000, during the startup stage, and secured our long term growth plan when I got the investors approval to fund the future growth program of $20,000,000 in the next 5 years. In Mendez & Co I headed the Food Service Division for 8 years as General Manager with Sales and P&L responsibilities with a product portfolio of more than 4,500 sku's and over 200 suppliers and 3 distribution centers. Sales grew from $3,000,000 to more than $30,000,000 in less than 6 years. * In 8 years I signed over 20 product lines with more than 500 sku's. It was essential to get the right cost to achieve our sales and profits annual objectives. Some of my duties were visiting food shows in USA, South America and Europe to identify new products, food trends and established business relationships with suppliers and or brokers and in coordination with our supply chain management group ensure the best logistics to bring the product at the best cost to Puerto Rico. * I provided all the market research data, products, specs, prices, etc related to the meat needs in Food Service segment to compete against Packers and Northwestern Selecta when Mendez created the Meat division where we exported all kind of meats from Guatemala, Nicaragua and New Zealand. A $4,000,000 sales were reached in the first 2 years of operations. In Carlos Malave & Co I bought 25% of the stocks, ran the operation for 3 years and improved sales by 30% and profits by 200%, turning the operation profitable and I sold it to Mendez & Co with a profit of more than $10,000,000. * Negotiated and restructured long term loans with the bank and changed payment terms with all the main suppliers to improve working capital and cash flow. Credit limit policies were changed and collection ratios were improved from 40 days to 18 days by giving payment discounts to our main customers. Inventory levels were reduced from $4,000,000 to $2,800,000 in the first year. * Supply Chain Management Department was created to focus on lower shipping costs, bring new products, improve variety and quality on current products and strength our relationship with all our suppliers. * Reduced delivery costs in 40% by consolidating delivery routes from 45 to 28 and lower inventory movements in the warehouse reducing breakage and inventory losses in 70%. Developed and enforced quality assurance program to ensure compliance with company and government regulations. As a Senior Finance Director with YUM Brands, (KFC, PH, Taco Bell), for 8 years, I consolidated all the restaurant financial and treasury operations and re-engineered the Purchasing Department, using as required by PepsiCo headquarters, the (TPM) total production maintenance principles to serve not only the three restaurants chains but developed products to be used across brands to save money and improve efficiencies at the back of the house level. Managed a capital investment budget of $6,000,000 annually and reach ROI of 15% to 20% and became the leader in a region comprised by Mexico, Caribbean, Central and South America. The premise was that every single restaurant was a separated manufacturing operation controlled by home office using TQM tools to achieve TPM goals at restaurant and consolidated system levels by brand. We had over 200 restaurants in our region. Reduced approved suppliers and consolidated products to save money on shipping costs, inventory levels, insurance, warehouse space resulting in more than $3,000,000 on annual savings. In the areas of development and construction I designed an in-house engineering and maintenance team to provide services of site selection, construction and maintenance for all the restaurants reaching savings of more than $5,000,000 on fees, taxes and operational costs. We were audited 3 times in 8 years and got the Well Controlled Operation rating.