Lorena E. Fuel

Herndon, VA ***** 917-***-**** e-mail:adjt7n@r.postjobfree.com

SUMMARY

Experienced leader in Finance & Accounting with extensive and multinational treasury experience-including managing a portfolio worth of $2.1 billion in liquid assets, Corporate Treasury, Cash Management, & Bank Relationships.

PROFESSIONAL EXPERIENCE

Hotelco International Acquirement-GROF USA New York- Virginia

Finance/Accounting Manager 01/2020 – Present

Perform general ledger accounting activities to ensure timely and accurate reporting, including: consolidations, inter-company accounting, chart of accounts maintenance, accounting for international subsidiaries, journal entry and reconciliations, flux analysis and supporting schedules.

Drive the development of strategies to improve accounting operations efficiencies, effectiveness, and scalability, including the development and execution of policy, process and system changes.

Support the tax function with schedules and information required for timely tax compliance.

Preparation of the monthly financial statements including the balance sheet, income statement, and statement of cash flows.

Continually improve business processes through automation, thoughtful analysis and researching or benchmarking best practices inside and outside of the company.

Inditex USA (Zara USA, Massimo Dutti USA, Bershka, Zara Home & Pull &Bear Online) New York, NY

Treasury Manager 06/2016 – 11/2019

Oversee all cash management and treasury functions for Inditex USA consists of 104 retail stores and online platforms (approx.2.1Billions in cash portfolio).

Daily Cash Position Reports: Compiled and monitored cash projections throughout the day in order to managed firm’s overall liquidity position and to informed short term investments decisions.

Cash Pooling, interest calculations, intercompany loans.

Produced cash flow forecast projection for 90 days and identified cash variances.

Maintained efficient cash structure- Monitored bank analysis fees & earnings credits.

Managed Letter of Credits portfolio and ensure optimal cost-effective use of the liquidity and collateral including issuance of new L/C, amending, canceling, transferring existing L/C and monitoring fees.

Prepared management reporting of chargebacks collections rates, leading causes and recommendations to reduce exposure.

Bank accounts maintenance: update bank account signatories, banking resolution, certificate of incumbency and managing KYC reports.

Prepared, reviewed and maintained Treasury Department GAAP and SCIIF compliance. Enhanced policies and procedures to ensure proper controls for cash receipts, disbursements and general Treasury/Accounts Payable Department activities.

Software Payment and Treasury Implementation Tools.

Responsible for high volume of payments execution, reconciliation via wires, ACH, direct deposits, credit cards and checks.

LVMH Fashion Brands (Celine Inc - Emilio Pucci Ltd – Givenchy Corp – Loewe LLC – Kenzo Inc ) New York, NY

Senior Finance & Operation Analyst 01/08 – 05/2016

●Managed all cash management functions including cash concentration accounts, wires accounts funding.

●Monitored and executed daily cash positions for efficient cash allocation.

●Input and organized payment run with different banks and banking platforms (CashPro Online, JP Morgan Access, Wells Fargo CEO Portal).

●Daily/Weekly/Monthly Cash Forecast and Variance Analysis.

●Intercompany Settlements.

●Journalize cash and credit card transactions.

●Worked together with Accounts Payable team on payment status.

●Updated F/X rates in the accounting system.

●Assisted business units with opening and closing domestic bank accounts and updating information regarding new signatories, coordination of deposits/change orders, armored services, and merchant id applications.

●Negotiated bank and credit card fees contracts.

●Responsible for bank reconciliations of 15 major banks accounts and over 32 local bank accounts.

●Managed the corporate card program to meet business needs while streaming the processes.

●Supported various department projects such as banking system upgrades and implementation, and process improvements.

●Coordinated data load with conversion specialist, validate data & integrity. Run parallel test and troubleshooting.

●Ensured compliance and internal controls policies and procedures.

●Monthly Treasury Reporting in Syrus.

●Served as liaison between Treasury Centers in France, Italy, International Banks and Domestic Banks.

Tory Burch, LLC New York, NY

Temporary Inventory Control Consultant 09/07 – 12/07

●Controlled and managed daily, weekly and seasonal store transfers

●Communicated with CFO/COO on status of inventory levels, merchandise delivery problems and/or inventory system problems.

●Established policies and procedures for inventory tracking and management.

●Provided training and guidance to store management/staff on inventory processes and systems.

Kate Spade, LLC New York, NY

Revenue & Inventory Analyst 08/02 – 08/07

●Analyzed historical data and current trends to identify risk and opportunities.

●Reviewed sales levels to determine product volume adjustments, replenishments and allocations.

●Drove financial results that maximize sales, inventory and bottom line profitability resulting in gross margin return on investment and inventory turn goals.

●Communicated financial results, forecast and action plans to manager and cross functional team on weekly basis.

●Gathered Return to Vendor (RTV’s)data information from corporate retail by obtaining return authorization and tracking numbers.

●Scheduled cycle counts each month

●Reviewed and audited daily and weekly store media (receipts, bank deposits, register journals) for 20 retail stores and 4 outlet stores.

●Responsible for training and communication of company policies and procedures to Retail Stores Managers.

●Created and implemented Ad hoc reports for Store Operations, IT, Finance per operating requirements

●Trained and managed Ad hoc reports and allocated reporting responsibility/capability for each area saving time and increasing productivity for each.

●Effectively supervised 1 sales auditor and motivated staff to high performance levels

●Reviewed invoices processed by A/P staff members to ensure timely payment of bills, proper booking of expenses to General Ledger

●Processed sales and use tax return for all 20 retail stores and 4 outlet stores around the USA.

●Assisted in month-end process and prepared 1099 forms

EDUCATION

Devry University

BBA, Business Management, June 2004

New York, New York

SKILLS

Banking Platforms: CashPro Online (Bank of America), JP Morgan Access, Citi Direct, Wells Fargo Access, First Hawaiian Online, Suntrust Cash Manager, & Fidelity Access.

Accounting System: AX Dynamics, Quickbooks Online, MAS 200

Credit Card Platforms: Chase Paymentech, Bank of America Merchant Services, & Stripe

MS Software: MS Word, Excel, & Powerpoint

POS Software: Retail Pro, Cegid, Cin7, KWI, Shopify

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