Isabel Torres

SUMMARY OF QUALIFICATIONS

Finance and HR executive that provides strategic direction and leadership to a dynamic organization. Responsible for managing the shared services organization for the Hire-to-Retire business process including Payroll, Employee Benefits and Pension. Sets strategic alignment with Company's vision, mission and goals to maximize service delivery and ensure compliance with statutory regulations. Implements process improvements through project management utilizing Lean Principles. Develops and incorporates visual management for reporting results of Financial, HR and operational analytics. Equally focused on people development and creating an inclusive, productive and rewarding corporate culture.

EXPERIENCE

Navistar Inc., Lisle, IL 05/2009 – PRESENT

Director Associate, Payroll and Benefits Shared Services; (12/2013 – Present)

Responsible for US and global operations for hire-to-retire business processes with team of 36 contributors including 5 managers

Administration H&W (Health & Welfare) Benefits for active employees in the US and retirees. Administration and coordination of Annual Open Enrollment

Management of Pension & Retiree team responsible for legacy pension payments to 37,000 retirees and 401(k) administration

Strategic development of the Integrated Disability and Workers Comp group responsible for statutory compliance and operations

Integration of service delivery model including contact center and systems linked to provide synergies with local HR and other stakeholders

Vendor management and proven contract negotiator yielding $1.5 Million in savings

Project management and implementation of Lean Initiatives resulting in $3.4 Million in savings and elimination of waste

Sr. Payroll Manager, Shared Services; (05/2009 – 12/2013)

Manage the payroll process for a diverse workforce of 13,000 employees across the US and global workforce with total annual expense of $1.3 billion

Lead process improvement initiatives, best practice and business projects including implementing the paperless pay statements, Pay Card Program, employee self-service and payroll centralization among others

Participate in cross functional projects that support business initiatives such as HIRE ACT Payroll tax and Income tax credits, HR Enterprise Services, EDGE Credit reporting, Merger and Acquisitions, etc.

Manage ongoing operations supporting HR, Payroll and Payroll tax processes

Collaborate with cross functional teams and actively participate in Governance leadership to maintain standardization, process integrity, compliance, communication and business continuity across business groups

Manage Global Payroll Processes for employees in UK, Luxembourg, Australia and Russia ensuring integration with Global HR and Finance teams

Manage vendor relationships, contract negotiations and budget responsibility

Ensure compliance with company policies, statutory regulations, internal controls and SOX.

Rewarded with Director Associate level promotion

Tribune Company, Chicago, IL 08/2003 – 05/2009

Sr. Finance Manager – Finance Service Center; (06/2004 –05/2009)

Process payroll for 23,000 employees across the US with total annual expense of $2 billion

Design and implement internal controls to comply with Sarbanes Oxley requirements and maintain As-Is and Operating Process Documentation current

Manage the monthly, quarterly and year-end close processes for payroll expenditures including analyzing budget variances

Prepare supporting schedules and conduct self-testing for audit internal and external on a quarterly basis

Generate timely and accurate financial and volume information for entire organization relative to payroll and payroll tax expenditures

Coordinate and lead monthly conference calls with indirect reports representing publishing, broadcasting and interactive business units throughout the US

Manage staff of 11 finance employees, responsible for developing professional goals and performance

Partner with HR and Compensation groups to develop annual incentive plans

Payroll Tax Manager – Finance Service Center; (08/2003 –06/2004)

Expatriate payroll tax processing including Hypo Tax calculations, tax equalization and tax reporting

Ensure compliance with payroll tax regulations as set by Department of Labor statutory regulations, IRS and internal controls

Executive Comp reporting based on multi-state, multi-entity requirements across the U.S.

Reconciliation of payroll tax liabilities to general ledger against budgets including accruals

Provide oversight of service provider responsibilities for tax deposits, periodic tax filings including year-end reporting

Awarded Sr. Finance Manager responsible for all payroll and payroll tax operations after only 9 months as Tax Manager

McDonald's Corporation, OakBrook, IL 12/1999 – 09/2003

Payroll Manager – Finance Service Center; (11/2001- 08/2003)

Processing of U.S. McDonald Restaurant, Regional, Division and Home Office payrolls with total annual payroll expense of $2.5 billion

Implementation of Radiant Payroll Software System at McDonald's Smithsonian - Received the 2002 Team Award

Implementation of hiring policy and procedures for International exchange employees

Department Restructure and cross functioning of teams to align to the Corporate Restructure and provide customer service by Division

Process improvements relative to Payroll and reporting in conformance with Tax reporting requirements and practices

Interpreting and implementing policy changes relative to legal and SEC regulations for officer compensation reporting requirements

Payroll Supervisor – Finance Service Center; (12/1999-11/2001)

Manage payroll team responsible for payroll data entry including store managers, fast track program, staff and executive groups

Coordinate operations with store systems for timely submission of crew time and attendance records

Process payroll for 90,000 employees across the U.S.

Vendor management support for employment verification

Coordination of payroll tax files in multi-state operations, benefits and pension

Coordination of system to system integration, pay practice documentation in accordance with pay rules and pay reporting by business unit

OTHER EXPERIENCE

Accounting/Finance Manager, V&V Supremo Foods, Chicago, IL (06/1996 –12/1999)

Business & Financial Administrator, Radiation Oncology, Inc., Evergreen Park, IL (10/1993 –0 6/1996)

Chief Financial Manager, International Capital Corporation, Chicago, IL (08/1989– 10/1993)

Accounting Manager, River North Securities, Corp., Chicago, IL (05/1984-08/1989)

EDUCATION

LEWIS UNIVERSITY, M.B.A. FINANCE, MAY 2000 ROMEOVILLE, IL

UNIVERSITY OF ILLINOIS, B.S. FINANCE, MAY 1984 CHICAGO, IL

OTHER DATA

Proficient with Microsoft Office Applications, PeopleSoft HRMS, Lawson and multiple other Financial and HRMS systems.

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