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Management Financial

Location:
Mohegan Lake, NY, 10547
Posted:
April 29, 2010

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Resume:

Ivan N. Salazar, CPA

**** ***** ******, ******* ****, NY 10547 . Mobile: 1-646-***-**** . E-

Mail: ********.*****@*****.***

EXECUTIVE SYNOPSIS

Solution-focused and profit-driven financial executive with the vision,

experience and business acumen to move beyond the financial statements

and formulate cost-effective strategies to maximize resources and

optimize financial and operational performance.

Proven track record in generating savings and operational efficiencies

through introduction of new processes and systems with the reputation as

a financial "troubleshooter" supported by over 22 years of successful

management progressive experience with organizations ranging from

entrepreneurial ventures to multi-national corporations.

Adept at developing and leading highly productive cross-functional teams

focused on achieving company and individual goals

Hands-on experience in Global P&L management, business development,

operational and strategic change specializing in integrated marketing &

communications services and professional services industries.

Valuable network of business contacts throughout US, Latin America and

Europe. Fluency in English, Spanish and conversant in Portuguese.

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Areas of accomplishment include:

International Business Management and Operations...Profitability

Strategies...Financial and Operational Analysis...Client Compensation

Agreements...Procurement Negotiations...Budgeting and Forecasting...Process

Redesign...Operational Execution...Mergers & Acquisitions...Start-

ups...Business Restructuring Programs...Divestures...Governance &

Compliance

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PROFESSIONAL EXPERIENCE

MRM Worldwide, New York, NY

Executive Vice President, Chief Financial Officer

November 2006 - Present

Full financial responsibility for a leading global digital and CRM

communications agency (a McCann Worldgroup and IPG company) with annual

revenue of $275 million; operating in 42 offices with approximately 2,000

employees across 33 markets worldwide.

. Financial and operational stewardship that strengthened the network in

North America by consolidating and integrating 6 separate operating units

down to 3 - generating $3 million in annual net savings.

. Developed key bench-mark performance indicators and financial forecasts

that led to the successful improvement in operating margin by 3 margin

points while delivering against agency goals and objectives.

. Direct operational leadership of West Coast agencies during a

comprehensive transformation process of new management teams and the

transition-off a significant piece of business. Strategic planning,

including development of short and long term growth plans.

Young & Rubicam Brands, New York, NY

(1999-2006)

Chief Financial Officer, Wunderman New York March

2006 - November 2006

P&L responsibility and control for a leading customer relationship and

digital marketing communications agency with revenue in excess of $80

million.

. Within six months, improved staff utilization and realization (client

funding), resulting in increased client profitability.

. Partnered closely with the President and CEO in establishing & monitoring

revenue and margin growth objectives through client compensation

negotiations, operational efficiencies, staff utilization and operational

cost control.

Senior Vice President, Global Client Finance Director, Y&R Brands

April 2002 - March 2006

Responsible for establishing and monitoring financial margins, targets and

performance metrics for Fortune 100 client partners totaling in excess of

$150 million in revenue.

. Implemented operational strategies, review and negotiate global client

contracts to enhance overall financial performance. Primary liaison with

outside auditors relative to compliance with contracts and scope of work.

Partnered with client leaders, regional and local CFO's, which

ultimately improved client relationships and A/R collections by 30-45

days across different lines of business.

. Executive Sponsor for several efficiency enhancement projects

implementing Lean Six-Sigma principles.

. Led several projects for the Global CFO including: analytical review of

business units, staff cost analysis, benchmarking, review of existing

affiliation and partnership agreements, and corporate restructures.

. Compliance Officer for agency's compliance with the FCPA and FARA acts.

Chief Financial Officer, Y&R Advertising Latin America

September 1999 - April 2002

Overall regional financial control and responsibility for this dynamic

region consisting of 15 markets throughout Latin America and the Caribbean

with annual revenue in excess of $100 million.

. Increased operating margin by aggressively identifying opportunities to

reduce operating expenses and successfully completed an overhead

reduction initiative, which resulted in savings of $6 million.

. Streamlined operations by implementing changes in management,

reorganization and consolidation of various under-performing business

units and offices.

. Established regional business objectives and successfully led and closed

several equity-based M&A transactions, joint-ventures and partnerships in

markets that facilitated the network to either expand or introduce

strategic operating initiatives.

. Led the successful unbundling of MediaEdge:Cia from Y&R Advertising

throughout the region.

. CFO for Y&R Advertising in Miami, Florida with $13 million in revenue.

Responsible for local finance, financial reporting, general accounting,

human resources and information technology.

. Effectively managed the due diligence process and transition of financial

control to WPP corporate group after its acquisition of Y&R.

D'Arcy Masius Benton & Bowles, Inc., New York, NY

Vice President, Finance Director, Am ricas Region

March 1997 - September 1999

. Developed and implemented business and financial planning procedures to

establish measurable performance and accountability for the first time in

the region; resulting in a 30% gross margin improvement.

. Managed, controlled and supervised regional and local business plans,

financial forecasts, cash management, taxation, international trade and

capital expenditure activities.

. Ensured compliance with corporate policies and procedures. Negotiated

relocation and remuneration packages for expatriates throughout the

region.

. Established and led the implementation of a uniform regional management

information and financial reporting system improving data integrity,

reliability and coordination across the region.

International Foreign Exchange Concepts, Inc., New York, NY

Chief Financial Officer

April 1995 - March 1997

. Full operational and financial control of a privately owned investment

advisor and manager of foreign currency risk with $30 million in annual

revenue.

. Responsible for general accounting, financial planning & reporting,

S.E.C. compliance, budgeting and cash management as company nearly

doubled assets under management from $2.8 to $5.2 billion

. Member of the firm's management committee. Trustee for the firm's three

pension and retirement plans.

Corporate Controller

November 1991 - March 1995

. Created a three-year company business plan and forecast for use in

preliminary initial public offering and private placement documents.

Developed, executed and monitored annual budgets for a total of ten

subsidiaries and foreign offices.

Arthur Andersen & Co., New York, NY

1985 - 1991

. Performed consulting services (CFM Practice) as Controller/Assistant

Controller for a financially troubled manufacturing client with annual

sales of $100 million. Responsible for risk assessment, planning,

administration and performing audits of various magnitudes and

complexities (including Fortune 10 SEC registrants).

EDUCATION AND PROFESSIONAL

Bernard M. Baruch College, New York, NY

Bachelor in Business Administration - Public Accounting, Cum Laude, January

1985

License - Certified Public Accountant, New York State

Member of the AICPA and NYSSCPA's



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