Manager Management

CARLOS NOFAL

Argentina

Home 54-261-***-**** / Cel 54-926*-***-****

******.*****@*****.***

http://www.linkedin.com/pub/carlos-nofal/1a/8a8/2ba

[pic]

FINANCE DIRECTOR, SENIOR FINANCE MANAGER

Trilingual results-producing executive with demonstrated ability to launch

and propel the growth of international, multi-cultural business for Fortune

500 giants as VALE, Baker Hughes and Weatherford International. Forward-

thinking strategist drives the creation of revealing management reports to

identify EBITDA growth, BS efficiency and business opportunities through

experienced and sharp analysis. Routinely overachieves corporate

objectives. Timely complies with both local and international accounting

standards (US GAAP / IFRS) while continuously improving administrative

processes and implementing controls (SOX / FCPA) while building an internal

hub to bond Finance with the other company areas. Develops personnel in the

local and international arena through high-impact leadership. Capable of

managing 800 MM dollar P&L and BS as the head of finance personnel in

LatAm. Adaptable to changes, lived in 4 different countries. Deep knowledge

of LATAM statutory requirements. Fluent in English, Portuguese and Spanish.

Corporate Finance ( Controlling ( Finance Transformation ( Shared services

( Accounting ( Treasury ( Compliance, SOX, FCPA ( Manufacturing costs (

Reporting (Local to US-GAAP/IFRS) ( F,P&A ( Payroll ( A/P, A/R, G/L, F/A,

Billing, Tax ( SAP, HFM, MS Office ( M&A ( Corporate Culture Change (

Contracts Management ( Business Unit Management ( Strategic Planning (

S,G&A reduction ( Business Start-Up ( Audit handling ( Signatory authority

Professional EXPERIENCE

( [pic] - VALE, Mendoza, Argentina.

06/11 - 06/13

Vale is the 3rd biggest Mining Company in the world; it has a workforce of

about 100.000 employees and USD 60 Bi revenue in 2011. It is the world's

biggest iron ore producer and 2nd in nickel. The company accounts for a

third of the world's ocean-shipped iron ore. Other products include

bauxite, kaolin, and potash, steel, copper, and aluminum. It has holdings

in hydroelectric power generation and in the rail and shipping businesses.

VALE hired 10.000 people to construct in Argentina the world's biggest

potash mining project, which included drilling hundreds of water wells with

cutting edge oil technology, developing the first Shale gas project in

Latin America, rising a hi-tech plant with dissolution technology, building

a location for 3.300 people with all utilities, a new airport, a new

interprovincial bridge, roads to stand heavy-load trucks, 500 km (313

miles) of new railways, and a new big sea port. Due to economic and

political reasons, VALE canceled the project earlier in 2.013.

Sr Administration & Finance Leader - Argentina

Administrated contracts, audited contractors, generated bi-weekly reports

to local government, Led the Crises prevention team, the Management process

QA, the loss prevention function and the Inventory management.

Administrated the construction site, coordinated security and general

services. Organized the document control area.

Achievements:

V Successfully implemented the multi-area crises prevention team.

V Overachieved finance and operational goals each year.

V Designed and implemented the USD 450 MM inventory layout, processes

and controls.

V Simplified bi-weekly generated reports for local government.

V Coordinated fast import payments to comply with the committed

construction schedule.

( [pic] - SIBELCO, San Juan, Argentina

2010 - 2011

SCR-Sibelco was founded in 1872. It is a Belgian privately owned industrial

company that produces and sells a wide range of industrial minerals

worldwide. As a global company - 210 operations in 41 countries spread over

5 continents - it employs more than 10.000 employees. Based on its global

leadership position in silica, high purity quartz, ball clay and olivine,

we provide key raw materials to various industries. In 2011 Sibelco

reported net sales of E 2.2 billion.

Sr Finance Manager - Argentina

Successfully led the following functions: Treasury, Controlling, Tax, A/P,

A/R, Accounting, Consolidation, IFRS Reporting, Process improvements,

Financial Control and Analysis. Drove the liaison with the CFO and

operations

Achievements:

V Successfully implemented the Datasul Manufacturing Cost and Inventory

Control systems.

V Improved month-end close procedures achieving outstanding information

quality and timing.

V Reduced 30% DSO by developing an A/R system and collection processes.

V Set an I/C reconciliation process for LATAM, solving a USD 25 MM out

of balance.

V Designed and implemented a Cash flow forecast, thus improving cash

management.

( [pic] - BAKER HUGHES

2007 - 2010

Baker Hughes is the 3rd oilfield service Company in the world. It operates

in over 90 countries and its 2011 revenue was USD 20 billion. Baker Hughes

Incorporated was formed when Baker International and Hughes Tool Company

merged in 1987. Through its Drilling and Evaluation segment, Completion and

Production segment, bits, drilling fluids and submersible pumps, Baker

Hughes makes products and services used from the drilling and the

completion phase through the productive life of oil and natural gas wells.

Its Industrial service segment provides equipment and services for the

refining, process, and pipeline industries. Since 1944 Baker Hughes has

published a weekly report that counts active drilling rigs, and which

serves as a barometer for the industry.

a- Sr Shared Service Manager - Mexico & Central America 2008 - 2010

Led the division`s finance consolidation into "One Baker Hughes". Achieved

all objectives in Finance, Statutory Accounting, Shared Services, Tax,

Payroll, Social Security, Treasury, Reporting, US GAAP Accounting /

Reporting, Budgeting and Audits handling. Led the finance outsourcing

project. Key member of the Mexico management team.

Achievements:

V Reduced Payroll State tax expense by 15%.

V Solved problem of chronic late vendor payment.

V Successfully passed external audits and a SEC and DOJ's Monitor audit.

V Fully complied with Social Security, Company policies and local laws.

No audit observations.

V Reinforced administrative and treasury process controls.

V Successfully started, developed and concluded the financial

outsourcing process.

b- Country Controller - Venezuela 2007 - 2008

Led financial controlling, accounting, cost analysis, inventory control,

fixed assets, billing, A/R, A/P. Generated timely and accurate monthly

financial statements. Active member of the Country management team in a

challenging period when the state-owned PDVSA was expropriating all

customers' assets.

Achievements:

V Implemented a successful inventory cycle count system that improved

20% the inventory turnaround.

V Reduced USD 16MM old Accounts Receivable in one year, decreasing DSO

by 40%.

V Led a seamless currency conversion from the Bolivar to the Bolivar

Fuerte.

( [pic] - WEATHERFORD INTERNATIONAL

1997 - 2007

Weatherford International is one of the largest international oil and

natural gas service companies. The company provides products and services

for drilling, evaluation, completion, production and intervention of oil

and natural gas wells, along with pipeline construction and commissioning.

Headquartered in Switzerland, but operationally based in Houston,

Weatherford currently operates in more than 100 countries across the globe

and employs more than 60,000 people.

a- Sr Special Projects Manager - Brazil 2003 - 2007

Acquired a business unit in Rio, Brazil, then led its Change Management.

Implemented SOX and the ERP system (JDE). Managed and re-engineered a

business unit with a manufacturing plant in S o Paulo. Spurred SG&A savings

by implementing the division's finance consolidation into "One

Weatherford". Increased profitability through Price Management. Negotiated

a Joint Venture with Repsol-YPF in Argentina.

Achievements:

V Improved profit due to selected price increases in non-commodity

products and services.

V Acquired and integrated the Zimec manufacturing family business in

Rio.

V Successfully implemented SOX within schedule.

V Restructured sales functions in the Johnson Screen's industrial

business in S o Paulo what increased sales by 18% and reduced

travelling costs by 25%.

b- LATAM South Region Controller - Buenos Aires, Argentina 1997 -

2003

Led all non-technical O&G functions (treasury, tax, G/L, invoicing, A/R,

A/P, F/A, region accounting consolidation, manufacturing costs and

inventory as well as HR, Legal, IT and Real State). Key player in the SBU's

strategy and business development.

Achievements:

V Successfully started-up the Peruvian branch.

V Restructured F&A functions by geographic area to give better and

closer support to operations.

V Developed a Case Study that catalyzed a revenue growth of 80% and an

EBITDA increase of 120%, through selected market penetration,

diversification based on a product and service portfolio integration

with Corporate, importing key assets and training/developing key

personnel.

V Won a USD 100 MM gas compression contract and a USD 70 MM PCP contract

based on the financial analysis and business projections I made.

V Awarded by Corporate with the addition of Brazil into the LATAM South

region and later with LATAM North, what resulted into one integrated

LATAM Region based in Argentina.

( [pic] - BAKER HUGHES 1993-

1997

Chief, Financial Planning & Control Department - Mendoza, Argentina

Reinvented management reports, for both short and long term plan, with re-

designed actual vs plan analysis. Updated policies & procedures.

Validated the manufacturing standard cost. Successfully led internal

audits.

Achievements:

V Successfully implemented the new Hyperion reporting system.

V Improved and clarified management reports to improve the decision

making process.

V Validated the home-developed standard costing system for the

manufacturing plant.

NOTE: Additional work history includes Independent Business Consulting and

Finance and Administration Manager at Nofal Winery and Vineyards, both in

Argentina. Available upon request.

EDUCATION

> ESCUELA ARGENTINA DE NEGOCIOS - EAN, Argentina.

Master Degree in Business Administration, Emphasis in Business Strategy.

> UNIVERSIDAD CAT LICA ARGENTINA (UCA)

Certified Public Accounting.

> UNIVERSIDAD CAT LICA ARGENTINA (UCA):

Bachelor in Science Degree, Major: Finance.

PROFESIONAL DEVELOPMENT

> ADEN, Argentina

Certificate in Balanced Scorecards.

> FLACSO, Chile.

Magister International Relations.

> DUKE University, Durham, NC, USA.

Think again: how to reason and argue,

LANGUAGES

> Spanish: Native

> English: Bilingual. ELS Oakland, CA.; ICANA; TOEFL.

> Portuguese: Bilingual. Intensive course, 3 years lived in Brazil.

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