Leonardo Alcala - CFO, LAT CFO Consulting services

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Network Power<100 people

Roles

✨100%

Business Owner

Geos

🇧🇬100%

Bulgaria

Work Background

Dekel HoldingsChief Financial Officer

Jan. 2023Panamá, Panama · On-siteIn my most recent role as a Chief Financial Officer (CFO), I have carried out following activities: Oversaw relationship with auditors, managed Statutory audits, and ensured accuracy of consolidated financial statements. Optimized fiscal efficiency by enforcing prudent use of Group's financial resources. Managed cash flow, treasury functions, and executed budget reporting with keen focus on ensuring sound financial management. Conducted meticulous financial and accounting analyses of Group transactions and investment projects. Directed financial and accounting policies, procedures, IT solutions, and internal controls. The key achievements for this role have been: - Consolidated Group's financial reporting process in accordance with IFRS and maintained robust internal control environment. - Formulated enduring medium and long-term financial strategies aligned with financial opportunities and investment projects. - Nurtured relationships with investors, banks, shareholders, and stakeholders aimed at strengthening financial partnerships.

Fundación de Asistencia Social Club Militar de Golf (non-profit)Chief Financial Officer

Jan. 2021 - Dec. 2023Bogota, D.C., Capital District, Colombia · HybridDuring this tenure, I have performed following tasks: Maintained accurate and up-to-date financial statements and accounting records for organization. Contributed to strategic financial decision-making by acting as CFO and chairing financial committee of Board of Directors. Conducted thorough monthly reviews of financial statements and budgets and presented findings to Board for approval. Accomplished timely and accurate filing of tax-related documents with focus on ensuring compliance with regulatory requirements. Delivered valuable financial oversight for organization. Addressed financial, accounting, and payroll matters by facilitating monthly meetings with external auditors and accountants. Examples of my key accomplishments include: - Successfully enhanced foundation's cash flow through cost reduction initiatives and optimizing accounts receivable collections. - Eliminated unnecessary expenses and contributed to improved financial efficiency by implementing cost-cutting measures. - Improved foundation's financial position by optimizing short-term investments while ensuring favorable return on investment. - Created cooperative to support Foundation beneficiaries; facilitated formalization and drove revenue generation for individuals. and employees matters.

Oleoducto Central S.A. OCENSADirector Of Internal Audit

Jan. 2018 - Dec. 2021Bogotá D.C. Area, Colombia · On-siteAs a Director of Internal Audit, I have Led Internal Audit Department in conducting Risk-Based internal audit programs, approved by Audit Committee, with direct reporting line to Audit Committee. Created and discussed 3-year Risk-Based Internal Audit Annual Plan with Audit Committee. Managed Internal Audit Service annual budget. Headed Internal Audit team in performing audits throughout Colombia. Presented quarterly and annual internal audit results reports directly to Audit Committee. Created and managed Internal Audit function budget. Led annual training of audit team. Incorporated bribery and corruption risk assessments into all audits conducted from 2018 to 2020; evaluated effectiveness of anti-bribery and anti-corruption controls in place during audit scoping processes. Reviewed and assessed various aspects, including cash transactions, vendor management, vendor contracts administration, and effectiveness of controls for identifying public officials. Please find below the key contributions for this role: - Reorganized audit staff to optimize quality and efficiency, resulting in improved overall audit performance. - Implemented audit methodology of IIA (Institute of Internal Auditors), aligning audit practices with industry best standards. - Introduced audit software TeamMate+ in 2020 aimed at enhancing efficiency and effectiveness in audit processes. - Established audit function manual and provided comprehensive guidelines for consistent and standardized audit practices. - Documented and formalized all audit function documentation, such as working paper templates, internal audit reports templates, status reports templates, audit risk assessment matrix, and protocols for discussion of audit findings and prioritization. - Implemented QAIP and ensured continuous enhancement of audit processes and adherence to quality standards. - Delivered COSO (Committee of Sponsoring Organizations of Treadway Commission) Training to all employees.

Gran Tierra EnergyInternal Audit Services Manager for South America

Jan. 2013 - Dec. 2017Bogota, D.C., Capital District, Colombia · On-siteIn this role, I have Directed Regional Internal Audit Services Department in conducting Risk-Based SOX and internal audit programs for Colombia, Brazil, and Peru Business Units, as well as Head Office in Calgary, while reporting to Corporate Audit Committee. Designed and discussed 3-year Risk-Based SOX and Internal Audit Plan with Audit Committee. Managed Internal Audit Service annual budget, ensuring optimal allocation of resources for SOX testing and internal audit operations. Led Internal Audit Services (IAS) team in conducting SOX testing and internal audits across Colombia, Brazil, and Peru Business Units. Prepared and presented quarterly and annual internal audit reports and SOX reports to Audit Committee. Provided support to Compliance Officer in Calgary, particularly in investigations matters and FCPA. Coordinated SOX audits with external auditors and facilitated collaborative approach to compliance and risk management. The key accomplishments for this role have been: - Successfully decreased internal control deficiency list from external auditors to nearly nil. - Mitigated redundancies and enhanced effectiveness in audit activities by significantly improving efficiency of audit methodology. - Transformed perception of Internal Audit Services (IAS) team from being non-relied upon by external auditors before 2014 to conducting joint SOX testing with external auditors thereafter. - Achieved full reliance by external auditors on SOX testing performed by IAS team for non-high-risk accounts while streamlining integrated audit process and substantially reducing external auditors' time spent on SOX procedures (2015). - Secured widespread acceptance and implementation of recommended action plans by Management of Business Units in 2014 and 2015, resulting in significant improvement in internal control environment.

DeloitteAudit Partner

Jan. 2008 - Dec. 2011Bucharest, Bucharest, Romania- Exceeded annual business plan goals, demonstrating a strategic and results-driven approach to portfolio management. - Directed financial audits for diverse clients in Manufacturing, Real Estate, Construction, and Consumer Products industries with subsidiaries in Central and Eastern Europe. - Assessed audit risks and certified financial statements in compliance with IFRS, US GAAP, and Romanian Accounting Standards. - Expanded audit services to clients in Romania, Albania, and Moldova. - Managed portfolio of 90 clients in Bucharest, focusing on IFRS, statutory financial statements, and quarterly IFRS reports. - Acted as Second Partner reviewer for major entities in Oil & Gas and Energy Industries, including Petrom Group (OMV) and National Energy Company of Kosovo. - Achieved significant annual revenue increase of EUR 600K by optimizing billing rates, reducing audit inefficiencies, and securing new clients or additional projects within existing client relationships.

DeloitteAudit Partner

Jan. 2006 - Dec. 2008Moscow, Moscow City, Russia- Spearheaded audit engagements for multinational, large state-owned, and private Russian and international companies, ensuring compliance with US GAAP, IFRS, and Russian Accounting Standards. - Managed diverse client portfolio in Moscow, consisting of approximately 20 clients, notable for their complexity and size. Clients issued IFRS and Statutory financial statements, along with quarterly IFRS reports. - Successfully contributed to USD 900K annual revenue increase within the initial client portfolio managed since 2006. This achievement resulted from optimizing billing rates, streamlining audit processes in recurrent clients, and securing new clients or additional projects within existing client relationships. - Exceeded annual business plan goals consistently, showcasing strategic and impactful approach to portfolio management.