Management Accounts Payable

Carmen R obles

Global Treasury Professional

cell: 602-***-**** • e-mail : ******.******.***@*****.***

PROFESSIONAL SUMMARY

Finance professional with extensive experience in global treasury operations. Proven ability to implement

successful international cash management solutions in Fortune 500 companies. Demonstrated leadership in

working with cross-cultural teams. Strong knowledge of liquidity management, accounting, cash repatriation, FX,

credit card acquiring and cash forecasting activities. Highly experienced in Shared Service Center models.

PROFESSIONAL EXPERIENCE

STARWOOD HOTELS & RESORTS WORLDWIDE, I NC., Scottsdale, AZ, USA

Sep 2009 - Present

Leading hotel and leisure company with nearly 1,200 properties in 100 countries. Integrated owner, operator and

f ranchisor of hotels of the following brands: St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton,

Four Points by Sheraton, Aloft, and Element.

Manager, International T reasury Operations & Banking (Scottsdale, AZ, USA)

• Responsible for day-to-day international treasury operations. Work closely with Asia Pacific,

E urope, Latin America and Canada Divisions to design cash management and banking solutions.

H andle bank relationships globally and participate in “Request for Proposal” process.

• Oversight of over 600 international bank accounts.

• Propose models to mitigate foreign exchange risk and collaborate with tax and legal departments

to design cost-effective cash repatriation strategies. Work with legal team in the design of powers of

a ttorney and contracts. Maintain loan transfer pricing model and work closely with GL department

to assure proper recording of cash related transactions.

• Control net cash position and centralized cash pooling structures. Prepare country level cash

forecasts on a monthly and quarterly basis to predict possible cash shortage.

• Responsible for the global rollout of ISO20022 XML payment files. Lead multiple projects in

regards to electronic bank statements, banking and credit card acquirer RFPs, mandatory and

regulatory banking compliance items, SAP implementations, and JV debt refinancing.

Senior Analyst, I nternational T reasury Operation (Scottsdale, AZ, USA)

• Responsible for cash management for Latin America. Coordinated bank relationships for Latin

A merica and Canada.

• Managed intercompany operations and perform liquidity management for Mexican entities,

assuring proper cash availability. Maintain adequate support for all intercompany loans.

T reasurer, Area Mexico ( México, D.F.)

• Managed all aspects of Treasury operations for 29 entities in Mexico.

• Collaborated with Accounting and Reporting functions to prepare monthly closings. Prepared

F inancial Reports such as balance sheet, P&L and SG&A for management companies.

Major Accomplishments

• Implemented Single European Payment Area (SEPA) regulatory changes for 120 hotels in Europe.

• Coordinated SAP implementation of Accounts Payable and Treasury modules for 19 entities in

Mexico.

• Designed and implemented interface between primary bank and SAP for more than 60 accounts.

• Designed and proposed model to reduce FX risk in Mexico by more than 40%.

• Participated in Latin America Banking RFP which resulted in savings of 30%.

• Implemented Regional Cash Management for Latin America. Negotiated operational costs on

behalf of Starwood hotels for: bank fees, transactional fees, discount rates for credit card processing

w ith financial institutions, etc.

• Designed and evaluated Canadian RFP in collaboration with Assistant Treasurer to gain a cost

reduction of 45%.

• Increased cash repatriation from Canada and Latin America by $80 million USD annually.

• Participated in the analysis for the US banking RFP.

• Launched credit card acquirer RFP for Mexico and integrated to Opera and SAP with improved

tools for income reconciliation.

• Co-designer in the restructure of the local Shared Service Center for accounts payable, accounts

receivable and accounting functions.

• Rolled-out improved internal Treasury controls based on SOX and Corporate Finance Policies for

f raud prevention purposes.

• Restructured intercompany loans for transfer pricing study purposes.

P UBL IC IS GROUPE, México, D.F. Sep 2006 –

A ug 2009

The world's third largest communications group, ranked as the world's second largest media counsel and buying

g roup, and top-ranked global network in digital and healthcare communications. Represented through its brands:

Leo Burnett, Saatchi & Saatchi, Publicis, Starcom and ZenithOptimedia.

Country T reasurer

• Headed the Corporate Treasury group in Mexico, reporting directly to the Global Treasurer in

Paris, France. Provided treasury services to 9 brands at the Shared Service Center located in

Mexico.

• Designed domestic cash management for the holding company and its 11 subsidiaries in Mexico.

I mplemented a 354 M Euro cash pooling structure.

• Implemented key SOX controls for Treasury functions. Coordinated all operating processes with

local DOFs to improve profitability and liquidity within the group.

• Initiated and promoted the order-to-cash process to improve cash flow.

M ONSANTO COMPANY., México, D.F. Nov 2001 –

M ay 2005

American multinational chemical and agricultural biotechnology corporation headquartered in Creve Coeur,

M issouri. I t is a leading producer of genetically engineered seed and herbicide.

Inventory Coordinator

• Planned and controlled inventory of both raw and packaged materials in 10 warehouses in Mexico.

P repared yearly budget for inventories in collaboration with Procurement, Marketing, and

P roduction Planning groups.

• Developed and implemented a monthly report for Operations Director to explain current

operations, analyze variations from budget and suggest changes to improve operations and reduce

costs.

T reasury Analyst

• Prepared company cash flow reports, executed wire transfers, and made check payments to

Mexican and foreign suppliers.

• Assisted Treasurer in analysis of bank relationships in Mexico and the USA.

• Provided data for strategic financial planning.

EDUCATION

B.S., Accounting

Universidad Nacional Autonoma de Mexico, Mexico City, Feb 2002

B.A., Psychology (minor)

Universidad Nacional Autonoma de Mexico, Mexico City, Apr 2002

ADDIT IONAL I NFORMATION

Languages: E nglish / Spanish

Computer Skills: MS Office, SAP, Hyperion (HFM), Opera, Sun Systems, several online banking products, and

B loomberg station.

Bank files: B AI2, MT940, XML 20022

Research: T hesis work “Toward Efficient and Fair Taxation in Mexico”

Awards: “Gabino Barreda” Medal for Academic Merit, given by Universidad Nacional Autonoma de Mexico.

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