Cash Management Process Improvement
Resume:
Mario R Millan
MBA, CTP, FPAC, ACAMS
ad5o55@r.postjobfree.com • 817-***-****
linkedin.com/in/mario-r-millan/ • Mansfield, TX 76063 Treasury/Cash Management - Executive
Areas of Expertise
● Cross-Cultural Communication
● Global Operations Management
● FX Trading & Expense control
● Data-driven Decision-Making
● Financial Strategy Development
● Continuous Process Improvement
● Risk Assessment & Mitigation
● Strong Relationship Building
● Liquidity Forecasting & Control
● Mergers & Acquisitions Integration
● Project Lifecycle Management
● Fintech Treasury Migration
Career Experience
Coast Dental and Orthodontics
Corporation with more than 200 clinics, located in Florida, Georgia, and Texas. Provider of dental and orthodontic services.
Treasurer August 2023 – January 2024
Audit, review, and improve processes and controls for cash management and projection. Reconciliation and recovery of claims with insurance companies. Rolling cash forecasting. Banks and credit institutions relationships. Bank system operations. Leading a small team of five cash specialists and one accounting analyst. Key Contributions:
● Review of collection reconciliations with Humana Health Care, identifying and correcting errors for more than
$600,000.
● Define and implement the reconciliation procedure with credit companies, VISA, American Express, Stripe, and Clover, reconciling payments of $1.2M/month.
● Convert manual Explanation of Benefits (EOBs) coding procedures, eliminating the use of paper and thus eliminating man-hours of printing, coding and scanning in the back office as well as facilitating the search of records in the offices. Monthly savings of $25,000.
● Continuity of the accounting account reconciliation program in Netspend, using the Blackline platform and bank data.
● Identification of points of improvement in proprietary systems (CoastNet, CoastCentral, CoastCash) and interfaces with Change Care Healthcare (clearing house).
● Implementation of various controls using Microsoft tools (Excell, Access, Power Automate) providing daily information to management.
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Dolex Dollar Express, Inc. a Global – Technology (FinTech) Company Leading privately equity / family office Financial Technology Company providing essential services to the underserved and underbanked US and European Markets with over 3,000 retail locations and 60,000 global payout locations
Treasury Vice President March 2015 – April 2023
Steer, train, and empower a high-functioning team of 25 professionals across various locations, with four direct reports, ensuring successful operations in the USA, Mexico, Dominican Republic, and Spain. Strengthen banking relationships in USA, LATAM and EMEA regions.
Key Contributions:
● Directed the integration of Smart Safes technologies in 500+ store network and 2,500+ agent network, leading to a substantial reduction of receivables recovery time from 3.5 days to 1.2 days with annual savings of
$1.6M, while reducing risk of internal and external theft by 90%.
● Saved $250K+ through implementation of new payment and collection systems, such as ATM deposit cards and remote check acceptance.
● Initiated and spearheaded corporate credit card programs to optimize team travel expenses, achieving annual savings of $400K, while enhancing expense control and user experience.
● Tactfully negotiated contracts with banks, collecting companies, and business partners in all cases.
● Accomplished direct increase of 0.10% ($1.0M) YoY by employing innovative FX trading methodology.
● Leveraged Zelle payments to improve payment processes, attaining operational cost savings of ~$150K per year.
● Significantly reduced errors and attained $10M in savings in operating cash flows over nine years by streamlining financial reporting procedures.
● Implemented RPA tools to optimize operational efficiency, costs, and errors, saving $120K/year in payroll costs.
● Augmented sales by 5% YoY by offering strategic leadership to agents and branches in meeting management objectives.
● Supported other areas such as Sales (pricing strategies, revenue cycle, training); Accounting (GL entries and reconciliation, review of sales tax and transfer pricing, Financial Audits); Compliance & Regulations (Statistical reports, banks and regulators audits).
Corporate Treasury Director Mar 2009– Mar 2015
Oversaw two high-functioning teams in USA and Mexico City, managing FX trading, cash collections, cash concentration, and cash payments to 70+ business partners across five countries. Developed all financial and accounting needs required for the introduction of new products in the sales network, such as Money Orders, Check Cashing, Check Acceptance, and Loans.
Key Contributions:
● Secured $300K in annual savings by improving armored car routes and number of pickups for a 500+ store network.
● Attained maximum exchange profit per transaction and reduced banking costs by $100K YoY for wire transfers and financing by defining mathematical models to forecast sales volumes and settlement operations in destination countries.
● Reduced redundant staff with savings of $140K by integrating operations and results of two operating platforms.
● Saved thousands of dollars in potential penalties by supporting and supervising AML, SOX, and Dodd Frank compliance policies, procedures, and reports related to treasury.
● Decreased rework and wire transfer costs, as well as the number of high-cost payments by 29% by reconciling all bank accounts daily following industry best practices.
● Introduced design, construction, and operation of tools for numerical analysis, such as Data Warehouse (DWH), regression analysis and statistical Projections.
● Successes in decreasing $100K per year in consulting fees by supporting banking systems. Page 3 3
Education
MBA – Finance
Texas Christian University (TCU) - Fort Worth, TX
Bachelor’s Degree – IT Engineering
ITESM – Monterrey, Mexico
Certifications
CTP – Certified Treasury Professional
FPAC – Certified Corporate Financial Planning and Analysis Professional CAMS – Certified Anti-Money Laundry Specialist
Technical Proficiencies
Microsoft suite, Data mining - SQL, Power BI, Access, Robotic Process Automation (Power Automate), Workflows and process automation design (Visio)
Affiliation
Dallas Association of Financial Professionals (DAFP) Association of Certified Anti Money Laundry Professionals (ACAMS) Association of Money Business Services (MSBA)
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