Management Executive
Resume:
RENE PAREDES
**** *. *******, *** ***, EL Paso, Tx. 79902
*************@*******.***
SUMMARY
Senior executive with global experience, in industries, including: Automotive, Medical, Infrastructure, Industrial and Consumer Digital, as well as power and upstream oil and gas services.
I began my career with a "Big Four" firm, Ernest & Young, with a clear ability to “get things done”.
Highly experienced at Americas manufacturing operations with strong background in Materials, logistics and trade compliance management skills, with special emphasis on cash management, productivity and cost reduction in order to perform on Merger & acquisitions.
Mexican National with US Resident Green Card with Strong Values, Integrity and accountability; PROFESSIONAL EXPERIENCE
FLEXTRONICS, Americas Finance Vice-President (06/2014 – 05/2016) Responsible for financial operations of an 8.4B USD, 40k employees, 22 manufacturing sites, 6 design centers organization.
Mexican model for interaction adapted to 150+ customers in multiple Countries:
- Customer monthly financial statements
- Regional finance directors at each Country
- On site controllers at each location
Established a Toyota type training program for all finance members, in three different languages. This was a highly motivating tool for growth within the organization. Certified 20% of financial group employees (74/370) as green belt level in Six Sigma system, to participate actively in the cost reduction efforts.
Developed a highly successful mentoring program to promote internal candidate promotions.
Main Financials Accomplishments:
Working with 3 regional operations VP’s, developed a challenging plan to obtain a 60M USD cost reduction to the FY2016 business plan (Apr 2015 – Mar 2016). Actual results were:
- 26M USD savings in freight and duties (thinking out of the box mindset)
. Increased SMI penetration
. Lowered inventory levels; consolidated routing guide by city.
. Oil pricing and rate negotiations in Brazil, where freight and duties reached a historic record low at 4%.
- 19M USD in Purchase Price Variance generated in addition to our regular material organization, through the finance department reverse cost engineering group
- 20M USD through exchange rate, maximizing benefit by insisting on having negotiations done in Mexican pesos.
12M USD income tax reduction obtained by modifying invoicing procedures in Brazil.
Inventory Turn Over improved from 5.7 during FY2015 to 6.2 on FY2016.
- Obsolete and slow move negotiations with customers.
- Modified Supplier Management Inventory agreements, transferring freshness clause responsibilities to customer;
- Implement changes in use of obsolete and excess material consumption on a regional instead of site basis.
Maintained Accounts Receivables at less than .2% past due.
All of the above, resulted in a record 240M+ USD Free Cash Flow for the region. This contributed the corporation to perform key acquisitions in the automotive (MCI) and solar industry (Nextracker) that generated significant profits at the same time allowing our region to enter the shoe manufacturing industry.
98% forecast accuracy process in terms of P&L and cash flow delivered within 2 days cycle FLEXTRONICS, Mexico Regional Finance Director (06/2007 – 05/2014) Responsible for financial operations of a vertical integrated (Automotive, Medical, Infrastructure, Industrial and Consumer Digital) 4.5 Billion USD, 30k employees, running on 7 different sites. A model was developed to interact with 100+ customers, including:
- Customer monthly financial statements
- On site controllers at each location
Main Financials Accomplishments for period 2007 to 2014:
Freight expense taken down from 2.9% on FY2008 to 1.2% on FY2015. (1% represents 45M USD).
33M USD savings after Implementing a small team of Cost Engineering.
16M USD annual savings on MOH cost reduction in 8 different projects:
- 5M USD by eliminating need for outside warehouse.
- 2M USD Cafeteria price negotiation.
- 2M USD personnel transportation.
- 1M USD Security personnel expenses.
- 2M USD Brokerage and customs fees reduction.
- 1M USD power tariff negotiation.
11M annual savings by implementing reverse auction at indirect material and facilities services.
Inventory Turn Over improved from 4.5 during FY2008 to 5.7 on FY2015.
Maintained Accounts Receivables at less than .2% past due.
All these activities generated +100M USD record Free Cash Flow for the region.
Lead the M&A and accounting integration of Solectron, Saturn Automotive division and Alcatel Lucent
(Nogales operations) among others. Successful transfer our Nogales, Monterrey and Ramos Arizpe facilities to Guadalajara in order to improve our asset utilization and reduce the level of overhead expense without major disruption.
Transactional activities such accounts receivables, payables and others, transferred to India in order to increase efficiencies on overhead.
These improvements increased company productivity, eliminated inefficiencies and non-value added activities allowing the company to increase their operational profit in FY2016 to more than 10 times that of FY2008, making our Country operation the most profitable region in the world for Flextronics for 8 consecutive years.
No major audit findings from external or internal auditors in terms of SOX compliance, statutory or compliance either on Mexican and US entities due to internal controls established and monitored on a quarterly basis in order to reduce risk, audit work force and fees.
Customs Trade and ERP inventory balance reconciliation on a monthly basis with no major discrepancies maintaining a fresh aging in order to avoid taxes on raw materials nationalization. PEMEX Gas y Petroquímica Básica, Corporate Controller, México City (08/2003 – 03/2007) Eighth Petroleum Company World wide. 12,000 employees, 16B USD. Reporting to the Minister of Controllership for México and member of the Executive Board of Directors of Pemex Gas. Responsible for monitoring regulation compliance through reinforcement of internal controls and audit performance.
Comisión Federal de Electricidad, Corporate Controller, México City, (07/2001 – 07/2003) Mexican Power Company. 22 Million customers. 85,000 employees, 14B USD. Reporting to the Minister of Controllership for México and member of the Executive Board of Directors of CFE. Responsible for monitoring regulation compliance through reinforcement of internal controls and audit performance.
Toshiba America - Consumer Products, Finance Director, El Paso. TX. (05/1997 – 06/2001) AlliedSignal Inc., Assistant Controller, El Paso. TX. (07/1992 – 05/1997) Ernest & Young, Senior Fiscal Adviser (06/1987 – 06/1992) EDUCATION
Executive management at Energy Sector, provided by ITAM Certified Public Accountant by Universidad Autónoma de Baja California Class of 1992
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