MARIA ROSARIO (Charo) VARGAS, CPA

**** ********** 972-***-****

Dallas, TX 75244 uf3cmv@r.postjobfree.com

SUMMARY

Multilingual Controller with extensive experience in providing financial analysis and operational and strategic support to manufacturing companies. Developed and implemented winning solutions to reduce cost, decrease cycle time, and improve yield, driving business into a competitive market position with metrics to measure it. Integrates advanced technology to revitalize processes and procedures. Experience d in Business Process Reengineering, ERP systems installation and upgrades, Cost Efficiency, Standard Costing, Activity Based Costing and inventory control. Known as an excellent problem solver, communicator, and negotiator, confidently interacts with all organizational levels. US citizen with successful strategic assignments in Europe, Asia and Latin America. Fluent in Spanish, Italian, and English. Intermediate Portuguese. Basic French.

PROFESSIONAL EXPERIENCE

Elliott Company, Houston TX, Global Services Division 2009 - Present

Latin American Regional Controller – based in Houston Texas

Responsible for all the Financial and Accounting Functions. Supervise Country Finance staff in Brasil, Guatemala, México, Argentina, Colombia. Company is involved in aggressive growth and additional subsidiaries are expected. Tax accounting and Tax Planning to minimize effective Tax Cost. Transfer Pricing and Finance hedging.

MWH AMERICAS, Broomfield, CO Engineering Design and Construction Co. $1.3B Revenues 2007 - 2009

Latin American Group Regional Controller - based in Lima, Peru

Managed all Financial and Accounting functions, General Ledger, Budgeting, Metrics, Forecasting, month-end and annual close. Supervised financial staff in Peru, Argentina, Panama, Dominican Republic, Brazil, Chile and Latin American joint ventures. Reported to Senior Vice President, Finance, and dotted line to the Latin America Regional Director.

Led implementation team for the MWH enterprise-wide accounting and finance system

(JD Edwards) set-up in the Peruvian office.

Won Company‘s President Award for the successful implementation in less than 3 months, resulting in request to continuing the implementation of the system in the rest of Latin America.

Ensured integrity of Latin American Group’s financial reporting, accounting and fiscal practices met and followed company policies, local laws and regulations and US GAAP.

Spearheaded the due diligence, successful purchasing and integration of a Hydrogeology company in Lima, Peru.

Trained staff on Sarbanes-Oxley, US Foreign Corrupt Practices Act (FCPA) regulations in Latin America.

MEDICAL OFFICE MANAGEMENT, Dallas, TX 2004 - 2007

Sole Proprietorship

Started business supporting medical doctors including office management. office start-up, purchasing, financial management, human resources, troubleshooting, banking, billings and collections, coding, electronic/manual Claims submissions and interface with insurance companies. Full Accounting Services: revenue recognition, bank reconciliations, payroll, payroll taxes, year-end business taxes, overhead management, monthly and year-end closing, account receivables, account payables.

MARIA ROSARIO (Charo) VARGAS, CPA 972-***-**** PAGE TWO

TEXAS INSTRUMENTS, Dallas, Texas Semiconductor Electronics Co. $12B Revenues 1975 - 2003

Financial Planning Manager, DLP Division (2001 – 2003)

Led successful build-up of the financial infrastructure to support the move of the organization from development into full production and volume ramp-up mode. Held responsibility for worldwide P&L forecasting, and annual and long range planning for this $500 million division scheduled for explosive growth.

Designed and implemented the infrastructure to move all financial and planning systems from Excel into SAP. Organized worldwide system set-up.

Established regional DLP entities, which allowed sites to manage locally instead of sending the information to headquarters cutting cycle time and enabling regions to control and manage market, pricing, and products. Established regional metrics..

Financial Operations Manager, Wireless Division (1996 – 2001)

Led global P&L, overhead, capital, people, cost reduction programs, margin performance, and design to cost.

Implemented financial infrastructure that supported rapid growth of this division from $75M to $1B in five years.

Partnered with engineering to identify, rank and implement cost reduction programs to bring margins to higher levels. Increased yields and decreased test time as drivers for improving margins.

Set up financial structure and planning environment that allowed exponential growth to thrive.

Cycle Time Reduction. Partnered with design engineering to improve product design cycle time and its impact on the bottom line. Reduced financial planning forecast cycle time 50%.

Finance Re-engineering Team Member, Semiconductor Group (1992 – 1996)

Member of an eight person semiconductor group finance re-engineering team, chartered to find innovative ways to radically change the role of finance in support of the worldwide $6 billion semiconductor business and to leverage the upcoming SAP implementation. All recommendations were successfully implemented. Numerous processes streamlined or eliminated. World Wide Quarterly close is now completed in three work days versus seven days.

ADDITIONAL EXPERIENCE - TEXAS INSTRUMENTS

Management Accounting Manager, European Semiconductor Group

European Cost Accounting Manager

Worldwide Cost Accounting Manager, ASIC Division

Developed and implemented the Cost Accounting infrastructure to support the expected growth for this start-up Division. Held responsibility for monthly financial close/reporting of worldwide P&L, inventory valuation, pricing, audit schedules, cost/ contribution margin analysis, financial statement review, and procedure development. Chaired the pilot project to implement activity based accounting, and the corrective action team on salability reserves. Member of the worldwide consolidated inventory team. Chaired the cost accountants’ effectiveness team.

Financial Planning Manager, 1975 - 1986. Handled broad financial planning responsibilities: based in Nice, France; Fresing, Germany; Rieti, Italy; Singapore, Singapore; and Lubbock, Texas. These included the newly created Asia Pacific Division, repair operations of consumer electronics group, the Italian semiconductor operations and the headquarters of European semiconductor group. Began tenure in Dallas, Texas as member of finance management rotation program and had assignments in international accounting, accounts payable/receivable, group finance, and corporate treasury.

EDUCATION

Master of Business Administration - Finance and Computer Science - SMU, Dallas, TX

Bachelor of Arts - Accounting and Economics

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