DERIK ANTHONY REESE

*** ****** ***** **., ***. 410, Hallandale Beach, FL, US 33009

ac8e74@r.postjobfree.com / cell: 754-***-****

PROFILE

Financial executive experienced in all staff and operating finance roles, acquired with global organizations in the manufacturing and service sectors (as Treasurer, Controller, Corporate Finance Director, and Executive Vice President/CFO). Superior ethics and integrity ensuring compliance, with the demonstrated ability to solve technically difficult problems while generating and leading strong profit improvement and cost containment. Proactive and collaborative leadership style. Open to relocation. Dual national (US/Brazil), multicultural and multilingual, with native fluency in English, Portuguese, and Spanish.

Education: Wharton School of Finance & Commerce (University of Pennsylvania, B.S. Economics), 1974

AREAS OF EXPERTISE

- Product Cost & Accounting - Funding & Investment - MIS (Oracle, SAP) Implementation

- Operations Analysis & Reporting - Exposure Management - Tax Planning

- Shared Services - Transfer Pricing - Foreign Subsidiary Incorporation

- Budgeting & Forecasting - Risk & Cash Management - Process Modeling & Integration

- Mergers & Acquisitions - Procurement & Logistics - Compliance (Sarbanes-Oxley)

PROFESSIONAL EXPERIENCE

CRAWFORD BRASIL REGULADORA DE SINISTROS LTDA., São Paulo, Brasil 05/2012-03/2015

– Insurance Claims Adjusting, $ 12M annual sales

Finance Director

Began as a Financial Consultant, hired after six months as Controller and later promoted to Finance Director. Responsible for Brazil Finance & Accounting governance (budget, forecasts, management reporting, FP&A, cash flow and working capital management, tax planning and compliance.

Implemented performance reporting/reviews with operations management (budget vs. actuals KPIs/KPMs).

Uncovered and corrected WIP overvaluation practices.

Coordinated with external legal counsel the successful resolution of a $ 200M tax liability.

Managed the successful remediation of 18 major internal audit deficiencies in six months.

ALEXANDER PROUDFOOT LTDA., São Paulo, SP, Brasil 11/2011-12/2011

Financial Consultant

– Business Project Consulting

Cost reduction evaluation/modeling of airport operations for a major US Private Equity group, bidding for the operating concessions of major international airports.

ABB INC. St. Louis, MO – Power Transformers and Service, $120M annual sales 04/2009-04/2010

Controller

SAP implementation of $50M in departmental budgets for 210 employees.

Product cost analysis, hedging of material commodities and foreign currency exposure.

Internal & external auditing, product cost analysis presentations and Sarbanes-Oxley compliance.

SUNBEAM L.A., LLC (Jarden Corporation subsidiary), Miami, FL 09/2007-10/2008

– Small Appliance Manufacturing, $300M annual sales

Financial Consultant

Outsourced new subsidiary’s business processes and warehousing services, on-site in Mumbai, India.

Uncovered cost effective hedge vehicle for subsidiary’s exposure, secured on-site with Banks in Venezuela.

Created a new Brazilian subsidiary in 6 months, performing market analysis, business case elaboration, and sourced a new distribution channel increasing sales 50%; performed on-site subsidiary incorporation (municipal, state, federal, and Central Bank registry/import license), and recruited General Manager.

SISMARK LTDA., São Paulo, Brazil - Promotional Products, $5M annual 03/2006-03/2007

Financial Consultant

Developed cost center controls, product contribution analysis, reports, and working capital funding.

SCHWING AMERICA, INC., St. Paul, MN - Concrete Equipment, $300M annual sales 11/2000-05/2005

Executive Vice President and Chief Financial Officer

Recruited by Group Chief Financial Officer, initially in Germany (09/2000-11/2000). Served as interim COO from 2000 to 2003.

Directed financial operations for two US manufacturing sites, including key account negotiations.

Managed Purchasing, Operations Management and Human Relations departments.

Reduced G&A expenses by 25% / $8M and inventories by 20% / $10M.

Increased credit facilities by $10 million, secured with a banking syndicate and meeting covenants.

Reduced debt and payables by 60% by leading financial governance of U.S. affiliate.

Implemented SAP R/3 in 10 months, providing template for subsequent worldwide application.

Sourced $3M capitalization of Brazilian subsidiary, funded by U.S. sale/lease-back/Brazilian purchase/lease-back.

Successfully managed an IRS tax audit, avoiding potential fines.

Added profitable new business (municipal waste water treatment processing into class A fertilizer).

MOTOROLA DO BRASIL LTDA., São Paulo, Brazil - Telecom, $1B annual sales 08/1997-01/2000

Finance Director, Corporate

Directed shared services comprising legal entity financials, treasury, tax, payroll, and budgeting for four operating units.

Implemented tax planning recovering $4 million in sales tax credits.

Led cash management and risk & insurance management, reducing cost $1M.

Brought transfer pricing into compliance with U.S. and Brazilian regulations.

Led implementation of Oracle Rel. 11 for operating sectors (4 systems and 30+ interfaces).

GENERAL MOTORS DO BRASIL LTDA., São Paulo, Brazil - Auto, $5B annual sales 08/1989-11/1996

Assistant Controller, Cost & General Accounting 1994-1996

Managed receivables, payables, credit & collections, product cost, inventory control, accounting consolidation, fixed assets, auditing and project control.

Implemented Process Modeling and Integration in a 110-employee department, with 80+ group work sessions with 100+ process improvements and reducing month-end close from six to three days.

Directed tax-planning committee, managed $400 million in US GAAP provisions.

Led the case study and due diligence of a joint venture in Argentina, and organized back-office internal controls.

Assistant Controller, Operations Analysis & Factory Accounting 1992-1994

Managed payroll, factory burden rates, budgets, forecasts and business plans.

Assistant Treasurer 1989-1992

Managed bank relations, funding (local and U.S. commercial paper program), hedging, risk and insurance management, pension fund management, Central Bank foreign capital registry and dividend repatriation.

Directed transformation of financing entities into a commercial and investment bank ($4B) and leasing company.

Realigned insurance coverage reducing annual premiums 33% / $1.3 million.

TRW DO BRASIL S.A., São Paulo, Brazil - Auto Parts, $200M annual sales 09/1974-08/1989

Brazil Treasury Director 1982-1989

Transferred for 6 months to corporate headquarters and returned to manage treasury operations and financial reporting for 3 subsidiaries in Brazil with combined sales of $450 million.

Hedged exposure avoiding $7.5 million and $4 million bottom-line impacts.

Reduced cost by Cash management $800 thousand, and by centralized banking $300 thousand.

Manager, Financial Planning 1980-1982

Responsible for forecasts, budgets, strategic plan, capital expenditure, and project post-audit.

Managed product price and cost, price negotiations with customers and suppliers, and preparation of price increase dossiers for government agency approval.

Supervisor, Finance 1974-1980

Implemented an engineering bill of material (BOM) and an accounting standard cost system.

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