EDUARDO VARGAS

**** ******** **., ****, ***** ***94

Mobile 832-***-**** acyub6@r.postjobfree.com

https://www.linkedin.com/in/eduardovargasv

QUALIFICATIONS SUMMARY

Finance and Accounting professional with over twenty years of domestic and international experience in the areas of controllership, business planning, cost management, financial reporting & analysis, new business development, and IT Implementation, with start-up, growth and mature organizations.

PROFESSIONAL EXPERIENCE

MACLAND SOLUTIONS, Houston, TX 11/2015 - Present

Senior Consulting Manager – Finance & Accounting

Conduct operational reviews of accounting processes and propose and implement new practices and procedures conforming to company’s policies and internal control environment.

Provide support in the evaluation and implementation of new accounting information systems.

Evaluate cost accounting and control systems for both operating expenses and capital expenditures, identify areas of improvement, and lead the implementation of recommended changes.

Provide controllership support, interim CFO services and financial reporting design and implementation as required.

MEDTRADE INC, Houston, TX 9/2014 - 10/2015

Finance Director

Responsible for all accounting and financial matters of the company related to monthly close, account reconciliations, financial statements, cash flow, budgets, taxes, transfer pricing, billing, payroll, vendor payments, inventory, collections, insurance, IT and financial reporting.

Managed loan, banking, factoring and leasing transactions with local financial institutions to meet anticipated working capital needs in a timely and cost-efficient manner.

Developed, documented and implemented effective internal controls and accounting policies and procedures to ensure transactions were properly approved and recorded.

Coordinated with the Operations and Commercial teams, the preparation of the annual budget and forecasts in accordance with Corporate guidelines and business objectives, and performed budget vs. actual analysis for presentation to Senior Management.

Managed all insurance requirements of the company by evaluating areas of potential loss risk and making sure that proper coverage were contracted for those areas.

Performed analysis of monthly financial results for every product line providing explanation and thorough analysis to Senior Management regarding the nature and cause of financial deviations from budget.

CORE LABORATORIES (CLB), Houston, TX 5/2004 – 6/2013

Financial Controller (1/2010 – 6/2013)

Led the Shared Service Center (SSC) providing accounting and financial reporting support for Corporate Office and Business Units in the USA and Latin America, supporting approximately $550 million in revenue. Functional areas of responsibility included A/P, A/R, General Ledger, Fixed Assets, Inventory, Manufacturing Cost, Payroll & Benefits and Intercompany Accounting.

Supervised 20 accounting personnel in standard monthly/quarterly/yearly closing process, including the implementation of accounting practices, procedures and information systems to ensure timely and accurate financial reporting under US GAAP, IFRS and local statutory rules.

Reviewed monthly income statements, balance sheets and gross contribution margin income statements, analyzed deviations from monthly outlooks and communicated findings to Business Unit Managers.

Assisted with both internal and external annual audits (financial, SOX, internal, compliance, tax), serving as a liaison with the CPA firms and the Internal Audit Group and review and remediate any internal control issues relevant to the US SSC processes.

Managed the preparation of the annual budget and forecast for the SSC and G&A cost centers, including explanations and accurate analysis to senior management on the nature and cause of deviations from budget and forecast figures.

As a key member of the Sarbanes-Oxley compliance process, maintained a proper internal control structure for the SSC functions and processes, assured that transactions were executed with appropriate management authorization and trained relevant staff on control procedures as needed

Worked with Business Unit Managers and the Corporate Executive Team in the development of new business opportunities, operation expansions and exit strategies in Latin America by providing advice on finance, tax, legal and foreign exchange regulation matters.

Monitored SSC performance by developing and implementing metrics to measure SSC accounting activities and ensure that transactions were processed and recorded in an efficient and cost-effective manner.

Key Projects and Results:

Completed the implementation of a new Accounts Payable (A/P) scanning and electronic approval system to improve processing efficiency and expedite payments of vendor invoices.

In conjunction with the Corporate Group Controller, conducted a comprehensive review of the A/P processes in order to streamline and adapt them to the new A/P scanning system and deliver the expected accuracy and efficiency.

Designed a new set of month-end close reports to ensure the adequate and timely recording of GL adjustment entries for accrued expenses and revenue, IC transaction clearing, and inventory and manufacturing transactions.

Regional Controller-Latin America (5/2004 - 12/2009)

Managed the finance, accounting and administrative functions for various business units and legal entities in Latin America. Responsible for administering three shared service centers in Mexico, Colombia and Venezuela, with oversight responsibility of Argentina and Brazil locations.

Directly supervised country controllers and accountants in the region being responsible for General Ledger, Accounts Receivable, Accounts Payable, Fixed Assets, Payroll and Inventory Accounting, and Tax, Treasury, HR and IT functions.

Oversaw the month-end closing process in the region to ensure the reporting of timely and accurate financial information under US GAAP, IFRS and local statutory rules, as required.

Implemented internal control procedures in the region in compliance with SOX requirements, including process improvements dictated by operational needs.

Assisted by local CPA firms, managed the preparation and audit of year-end financial statements as per local statutory and IFRS rules, calculated provisions for income taxes and filed income tax returns and reports for all the legal entities established in the region.

Managed the annual budgeting and forecasting process in the region to ensure that accounting support costs and resulting overhead allocations to Business Units were properly estimated and timely submitted.

Identified and researched new regulations and economic events in the region, evaluating the financial impact and communicating results to Local Management and Corporate Headquarters.

Key Projects and Results:

Working closely with local tax authorities, managed to recover approximately $2 million in unused tax credits.

Set up a new shared service center to provide accounting services to two business units and delivered a 20% reduction in accounting support costs.

With the support of a local accounting firm, implemented accounting and reporting procedures for a new subsidiary in the areas of A/P, A/R, Payroll, Inventory and General Ledger.

EMERALD ENERGY plc, Bogotá, Colombia 6/2000 – 1/2004

Finance Manager

Directed the accounting and finance functions of two foreign branches, being responsible for G/L, A/P, A/R, cost and payroll accounting, budgeting, treasury, tax, contracts, insurance, legal and IT support.

Prepared monthly and year-end financial statements and ad-hoc financial reports for Senior Management, Corporate Head quarters and Government entities.

Prepared financial and operating short and long term business plans and cash forecasts consistent with the business objectives and strategies.

Worked closely with the CFO in the structuring and implementation of company’s financing strategies and other corporate financial initiatives, including the raising of funds for new capital projects in the local market.

Assisted department managers with the creation and control of the annual operating budget by providing budget preparation guidance and analysis of budget variances.

Managed company’s cash flow to ensure available funds were efficiently used, raising any additional financing when required.

Provided financial and commercial analysis of capital projects and new business ventures, including economic evaluations and risk assessments.

Key Projects and Results:

Designed and implemented a new budget and cost reporting system to ensure a proper and timely control of expenditures and anticipate cost overruns.

Over a two-year period, successfully managed severe cash constrains by agreeing with suppliers on the deferral of debt payment and arranging short and long term financing with local banks.

Developed and established new internal control policies and procedures in the areas of Treasury, Contracts, Cost Control, Financial Reporting, and Budgeting.

BP plc, Bogota, Colombia 2/1992 – 2/1999

Senior Commercial Analyst (6/1993 – 2/1999)

In a leadership role, managed the financial, operational and commercial matters of the company’s interests in three major oil pipeline systems, and the relationship with joint venture partners, as well. Equity interests were in the order of US$400 million.

Managed the financial and planning function of the pipeline business by preparing business plans, financial outlooks, capital project evaluations, and business performance reviews, including the review and approval of the annual capital & operating budgets ($160 million) and finance plans presented by the Operator.

Monitored business performance by developing and implementing performance metrics and incentive plans for the pipeline operation.

Oversaw the oil marketing function and the liaison with the company’s international trading office in an effort to maximize market value of oil exports.

Key Projects and Results:

On a temporary duty, participated in the development of the financial, commercial, legal, operational, and fiscal terms for the creation of a $1.0 bn oil transportation system. Successfully structured and agreed with Partners on the General Terms & Conditions of the so called Throughput Agreement.

Developed and implemented several financial and commercial agreements necessary to increase existing pipeline capacity and transport the initial production from a new 400k B/D oil field development

Through diligent cost control efforts and the implementation of new operating schemes and cost saving initiatives, reduced operating costs by US$4 million in a four-year period.

In conjunction with the oil trading eam, defined and implemented a new oil marketing scheme which, on the basis of a price premium, increased annual revenue by US$8 million in a year.

Senior Financial Analyst (2/1992 – 5/1993)

In coordination with the Management Team, managed and actively participated in the preparation of the annual capital & operating budget, including its presentation to business partners and senior management for approval. Annual capital and operating budget amounted to US$250 million.

Monitored and analyzed budget execution, advising managers of any variations, and provide proper explanations to Senior Management and Corporate Headquarters.

Prepared monthly financial reports, and annual and quarterly business plans and reviews to be submitted to Corporate Headquarters, and also for presentation at different partners’ committees, and company’s internal forums and meetings.

PETROSANTANDER, INC., Bogotá, Colombia 2/1991 – 2/1992

Joint Venture & Planning Manager

Served as a Manager for Planning and Partner liaison, in charge of handling the financial and operational matters of the joint venture.

Accountable for coordinating the preparation and submission of financial and operational reports to Senior Management, Corporate Headquarters and Business Partners.

Managed the implementation of computer software and hardware, and determined organizations’ systems requirements.

Administered the preparation, periodic revision, and control of the annual capital and operating budget, including its presentation for Management and Partner approval.

Acted as a contract administrator responsible for the contract bidding process and contract award recommendations.

EXXONMOBIL, Bogotá, Colombia 10/1990 – 2/1991

Inventory Accounting Supervisor

Supervised inventory accounting for raw materials and finished products to ensure both proper recording of transactions and inventory integrity. Coordinated the implementation of changes to the inventory valuation and control systems. Inventories worth US$ 22 million plus were maintained at fourteen different locations.

OCCIDENTAL PETROLEUM (OXY), Bogota, Colombia 11/1983 – 12/1988

Cost Analyst

Fully responsible for controlling capital and operating expenses related to production, maintenance, transport, and field operations, which totaled US$ 100 million in one year.

Performed lease vs. buy analysis for capital improvement projects and equipment acquisition.

Developed cost forecasts and analyses for presentation to Senior Management.

Designed and implemented cost control and accounting reporting procedures, and assisted in the improvement and implementation of automated cost control systems.

EDUCATION

Master of Accountancy, Virginia Tech, Blacksburg, VA, May 1990 – Concentration in MIS

Bachelor of Science in Accounting, Santo Tomas University, Bogota, Colombia, April 1987

COMPUTER PROFICIENCY

Oracle 11i, OracleR12, QuickBooks, Sage Peachtree Accounting, NetSuite, Hyperion Planning, Monarch Pro, Microsoft Office, Excel (Macros, Pivot Tables, VLook-Up)

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