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Work Background
Siemens EnergyFinance Manager Venezuela and Trinidad & Tobago
Oct. 2020Caracas, Venezuela► Completed the carve-out process from former Siemens organization into the new Siemens Energy structure for Finance Department.
► Settled-up a new banking/finance platform for Venezuela and Trinidad & Tobago, integrating Citibank servers and Siemens systems (ERP Payments and Centralized Banking Monitor).
► Developed innovative financial structures (via cryptocurrencies, cash swap, etc.), in order to offer payment alternatives to Venezuelan customers.
► Redacted a new Service Agreement offering treasury services to former Siemens related companies, using a new methodology to trade FX.
► Innovated along with an Insurance Company a credit policy to obtain coverage to our sales under financing conditions.
SiemensFinance Manager Venezuela, Uruguay and Trinidad & Tobago
Dec. 2016 - Sep. 2020Caracas, Venezuela► Streamlined the Country Financial Department (Treasury and Trade Finance Advisory) for Venezuela, Uruguay and Trinidad & Tobago, successfully bringing customized financial solutions to each country.
► Optimized the bond issuances alternatives, negotiating new guarantee facilities while improving the involved release process, ensuring the compliance of the legal environment but applying a clever interpretation.
► Articulated a reliable solution for a liquidity problem, finding new lending sources, establishing dynamical clauses but simultaneously covering fiscal impacts.
► Leaded the negotiations to replace our banking partner, including a new in-house branch with zero cost for the company (even under an extremely stagflation situation).
► Assisted the spin-off process of the Healthcare and Mobility Business (Venezuela & Uruguay), providing accurate financial recommendations and establishing separate banking & guarantee facilities for each entity.
► Negotiated the substitution of the counter-guarantees which support credit lines in Venezuela (dealing with country risk factor barrier), implementing completely new instruments.
► Obtained new long-term duration in hedging positions for Uruguay projects, negotiating specific modifications in our indemnity clause.
SiemensFinancial Specialist Venezuela, Uruguay and Trinidad & Tobago
Feb. 2016 - Dec. 2016Bogotá D.C. Area, Colombia► Managed the Treasury responsibilities for Venezuela, Uruguay and Trinidad & Tobago, effectively driving the financial activities inherent to each particular country, based on the Austral Andean Cluster.
► Defined a FX strategy and hedging levels for every country and each entity, obtaining valuable solutions (roll-overs) for the covered positions.
► Negotiated funding alternatives, implementing new counter guarantee mechanisms, increasing and ensuring the company credit lines.
SiemensFinance Manager Venezuela
Aug. 2010 - Feb. 2016Caracas, Venezuela► Directed the Country Financial Department (Treasury and Trade Finance Advisory) in a multi sector business of $500 million annual revenue, performing a suitable cash-flow control & merging BU needs with HQ guidelines.
► Conducted internal and external negotiations, setting up several guarantee facilities, but always respecting the company policies and guidelines.
► Oversaw the Treasury Guidelines implementation for the existing (3) legal entities, taking over the consolidated control of the Treasury operations and fulfilling the Finance Bundling process. (Co-writer of Cash-On-Hand guideline for South America region).
► Indicated the accounting policy for financial operations, enhancing balance sheet figures and supporting company indicators.
► Duplicated the credit lines of the company, simultaneously reducing more than 50% of the bank accounts.
► Optimized funding needs by cutting down the financial cost in about 70% and reducing superfluous spending.
► Negotiated the opening of an in-house BBVA branch with zero investment from the company.
► Surpassed the Regional Audit Review performed by the Corporate Monitor, as well as successfully completed Annual Local Audit and Compliance processes. ► Developed an innovative financial model for the company by finding new hedging structures and determining new KPIs.
Energizer HoldingsTreasurer
Mar. 2006 - Jul. 2010Caracas, Venezuela► Managed the Treasury Department in a business of $300 million annual revenue by controlling funding requirements, payments process and foreign exchange requests (under a strict local FX constraints).
► Developed a useful semi-automated cash-flow and bank liquidity reports.
► Secured hedging needs by devising a feasible exchange option via brokerage houses (Security Swaps).
► Controlled the export files and the collections related with foreign invoices, adequate implementing a new FX providence.
► Reduced the days payable outstanding (DPO) in more than 50% by establishing clear KPI's to improve the free cash flow.
Tetra PakTreasury Manager
Jun. 2005 - Jan. 2006Mariara, Carabobo, Venezuela► Conducted the Treasury Department in a business of $500 million annual revenue controlling the used KPIs to keep under control the deviations from Cash-Flow Forecast and the real CF.
► Supervised all the foreign currency requests cycle transacted in the National FX Commission, obtaining an approval rate around 80% and allowing the company to keep a suitable Inventory Level (raw material & spare parts).
ServiQuimCorporate Treasurer
May. 2003 - Nov. 2004Caracas, Venezuela► Leaded the creation of the Treasury Department in a business of $200 million annual revenue by establishing clear basic guidelines and recruiting the required personnel for the responsible areas.
► Increased the collections of the company by reducing the days sales outstanding (DSO) in more than 40% after only 6 months.
► Implemented an automated Cash Flow report (diary), detailing incomes and outcomes categorized by typology.
Mabe CorporativoTreasury Coordinator
Dec. 2000 - Apr. 2003Caracas, Venezuela► Coordinated the Treasury Department in a business of $200 million annual revenue, by supporting the financial management through controlling real cash-flow vs. forecast.
► Completed hedging operations by analyzing FX fluctuation and negotiating with banks the required trades.
► Controlled the account payables schedule, successfully fulfilling suppliers requests and taxes requirements.
► Assumed the department direction after the Treasurer left the company without any replacement, by keeping an optimal performance and fulfilling all the responsibilities in scope.
► Fostered credit&collections department activities, performing internal committees and keeping optimal communication with external customers.
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