Management Accounting
Resume:
LOUIS VARILIAS, JR.
Succasunna, NJ 07876 *********@***.***,
www.linkedin.com/pub/louis-varilias/12/75/118
CAREER SUMMARY
Financial executive with vast domestic and international experience in
manufacturing, mining and finance service industries. Proven business
development success in the Latin America market, Spain and Portugal. Proven
leader, and excellent communicator with all layers of management and staff.
Outstanding analytical and organizational abilities, with experience in:
. Review of internal controls and redesign of processes, as well as
Enterprise Resource Planning (ERP).
. Experience in IT benchmarking and allocations/charge-backs for
projects and cost support analysis.
. Experienced in Treasury - Foreign exchange, and Balanced Business
Scorecard (BBS) implementation.
. Excellent appraisal skills of international operations and markets;
knowledgeable in GAAP, IFRS as well as IAS.
. Excellent management skills of IT flow and use of various software
applications to expedite financial reporting.
. Proficient in project analysis and cost accounting, succession
planning and change implementation.
. International funding and venture capital diligences.
. CA with a MS graduate degree in finance and B.S. in accounting.
. Fluent in Portuguese and Spanish.
PROFESSIONAL EXPERIENCE
President Latin America
INTERNATIONAL CONSULTING SERVICES, International Financial Consulting Firm,
Succasunna, NJ 2011 - Present
Consultant with various clients, working in control processes and
accounting issues, recently involved in Venture Capital and financing
diligences in Latin America. Other relevant assignments have been with the
following multinationals:
International Controllership
UNGERER & COMPANY, Chemical Manufacturer of base Flavors and
Fragrances. Lincoln Park, NJ 2012
. Cost accountant for international manufacturing plants in Latin
America assign "true" product costing vs. estimates.
. Worked on bill of materials using spreadsheets for product
manufacturing and communicated to organization teams.
. Interacted with IT management to integrate ERP of Bills of Materials
(BOM) and true product costing processes.
. Recommended redesign of reporting processes by country - Latin
America.
Acting Chief of Finance & Accounting
TERRA NOVA NATURAL RESOURCES, Peru SAC. International Mining Company.
Lima, Peru 2011- March 2012
Start-up Company in Peru, reviewed compliance with local laws and
regulations as well as internal controls and reporting processes.
. Reviewed contracts and modeled future cash flows in ongoing efforts
for new mining concessions for investors.
. Utilized international network of colleagues to facilitate
negotiations and establishing business reporting processes.
. Worked with PWC on transfer pricing issues and auditing of financial
statements under IFRS.
. Planned IT strategy and allocations by site of IT and G&A expenses for
reporting of operations by mine project. Selected application and
designed control processes and procedure manuals.
Director Finance & Accounting
THE FRANK McBride COMPANY, INC., Construction Mechanical contractor,
Edison, NJ. 2005 - March 2011
Responsible for managing relationships with investors, bankers and outside
auditors; Essential duties were to manage working capital, perform analysis
of construction costs, variances in: gross margins and profitability on a
by project basis.
. Led ERP efforts implementing best practices through IT, maximizing use
of Timberline application for timelier and more reliable reporting of
financial statements and operations to the Board of Directors and
stakeholders.
. Made recommendations to management on actions to improve key
performance indicators (KPI).
. Prepared annual budgets with operations team, developing forecasting
models to each project's revenues and costs.
. Leadership role in ongoing efforts for process re-engineering and
change management.
. In charge of benefits administration including 401K compliance and
reporting.
President Latin America & Iberia
INTERNATIONAL CONSULTING SERVICES, International Financial Consulting Firm,
Succasunna, NJ 2003 - 2005
Started consulting practice using business network of international
financial services companies. Met with senior officers of international
companies to outline strategy & organizational drivers. Responsible for
the market assessment and client relationships in the insurance, and energy
sectors for large multinational conglomerates. Client companies included
Loral SkyNet (Sox), ADECCO (Sox), P.S.E.G. & subsidiaries, wrote Policies
and Procedures for Translation of Financial Statements (FAS 52), VIACOM
(Sox). Advised multinational client companies on implementation of
reporting policies and procedures. Assisted clients in, succession planning
and change implementation.
. Supported rating processes and presentations addressing issues such as
-capital adequacy, risk appraisals; etc.
. Advised in M&A of targeted companies, assessing valuation,
construction financing and integration issues.
. Created models for regional financial reporting in accordance with
GAAP/IAS/IFRS and tested SOX compliance.
. Lead regional management and consulting firms on the assessment and
reporting of transfer price issues.
. Advised on financial models for capital adequacy as well as insurance
and reinsurance use.
. Took a leadership role in the balanced scorecard initiatives (BBS),
identifying key performance indicators (KPI).
LOUIS VARILIAS, JR. Page 2
Regional Manager, Latin America & Iberia - International Rating Division
A.M. BEST COMPANY, Global publishing and financial rating organization,
Oldwick, NJ 1998 - 2003
In charge of business development in territory assigned. Prepared market
analysis and financial reports, with an insurance focus, for multinational
financial conglomerates. Monitored Client Company's performance for rating
financial strength to
Executive Committees. Performed regional reviews (e.g., economic and
political risk analyses) to make rating assessments. Prepared budgets and
identified revenue potential through integrated pricing strategy.
Negotiated and executed contracts, managing client service agreements.
Wrote technical proposals, articles and press releases for publication, and
was orator in industry symposiums as well as financial seminars.
. Established presence in the region developing relationships with
regulators and leading regional companies.
. Proven record of client service and satisfaction achieving 100%
retention rate.
. Enhanced analytical skills of professional support team through
leadership and training in foreign practices.
Supervisor of International Accounting
GPU INTERNATIONAL, an Energy transmission and generation company,
Parsippany, NJ 1997 - 1998
Managed construction accounting and development costs for the company's
international joint ventures in: Latin America, Europe (U.K.) and
Australia. Prepared reporting on generation and transmission operations.
. Analyzed the Parent's partnership equity accounting. Prepared timely
translation and consolidation of subsidiaries' financials into US GAAP
from international construction sites and participated in special
projects.
. Developed and implemented the Group's financial reporting policies and
procedures. Redesigned processes and system and data interfaces from
overseas operations, improving timeliness of reporting by 50%.
Senior Financial Analyst/Assistant Controller for Latin America
CYTEC INDUSTRIES, INC., chemical company subsidiary of Cyanamid, Coral
Gables, FL 1995 - 1997
Led the successful spin-off settlements with Cyanamid and its chemical
subsidiaries in Latin America.
. Results were $5 million of savings by identifying opportunities and
recommending innovative solutions.
. Reviewed manufacturing operations and acted as interim chemical plant
controller in Mexico.
. Implemented the worldwide "line of business" global reporting,
providing senior management with data for product sourcing and timely
distribution into various markets.
Finance and Accounting Manager - Pharmaceutical Division
STERLING WINTHROP, INC., Pharmaceutical subsidiary of Eastman Kodak New
York, NY 1988 - 1994
Managed the domestic and international corporations' reporting and
subsidiary records, for international operations. Prepared profitability
analyses, by product line and region. Provided detailed managerial reports
for products, allocating worldwide transfer prices and m manufacturing
costs analyzing use of funds for supply chain. Also was a key participant
in:
. The implementation of the J.D. Edwards software for HQ reporting,
resulting in more detailed information.
. Redesigned and improved accounting reporting processes, and internal
controls in ERP efforts.
. Responsible for W.I.P. (construction) budgets and reporting for R&D
facilities - domestic and international.
. Standardized monthly reporting from foreign business using Hyperion,
resulting in timelier operation's reporting.
Business Analyst - Corporate Planning and Administration
. Coordinated outsourcing of the company's data center - with savings of
$6 million, through a cost matrix structure negotiated with the
outsourcing partner and Parent.
. Coordinated the restructuring of the IT groups into domestic and
international operating units, establishing more transparent processes
for data center charges and allocations.
. Utilized process flow techniques (MRP) to resolve production
bottlenecks and inefficient production processes.
Senior Treasury Analyst Latin America - International Treasury Operations
. Mitigated exposure hyperinflationary costs. Managed bank
relationships, as the subsidiary's sponsor.
. Partnered with legal counsel and foreign authorities to repatriate
blocked funds in Latin America.
. Acted as advocate to foreign subsidiaries Bank relationships in
managing Lines of Credit and Debt to Equity ratios.
ASARCO, INCORPORATED, world leading mining company, New York, NY 1983
- 1987
. In-charge corporate auditor for financial and operational audits in
Latin America and Canada.
PRICE WATERHOUSE AND COMPANY, premier consulting and audit firm, Lima, Peru
1979 - 1983
. In-charge auditor for reviews of major multinational manufacturing
subsidiaries in Latin America.
EDUCATION
C.P.A., Bachelor of Science (B.S.) in Accounting, University of Lima, Peru
Finance Scholarship, Graduate School of Business (ESAN), Lima, Peru
School is affiliated with and funded by Stanford University and Penn State
University, among others
Columbia University, NY-Graduate School of Business (Executive Development
Program).
College of Insurance, NY-Studies on Reinsurance.
County College of Morris-Continued Education (IT: MS 2010, Quickbooks, IFRS
Vs GAAP, ERP)
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