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Accounting Power Plant

Location:
Tipton, MI, 49287
Salary:
150,000
Posted:
December 15, 2010

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Resume:

Roberto L. Coba

**** ****** ****

Tipton, Michigan 49287

Cell 517-***-****/ xe35em@r.postjobfree.com

Senior financial executive with extensive knowledge in the application of financial tools to improve the bottom line. Meaningful contributions include:

Successful operational improvement via financial measurements, analysis, control and IT management.

Directly impacted the corporation’s goal of high growth by performing key functions in various acquisitions and projects.

Improved stakeholder confidence and support by revamping the accounting, reporting and forecasting systems.

PROFESSIONAL EXPERIENCE:

INTEGRYS ENERGY SERVICE Ann Arbor, MI

Controller/ Director of Analysis and Compliance– Integrys Energy Services 2002 to 4/30/2010

Non-regulated $9.7 billion energy business, including electric and gas trading, and retail operations. Duties include:

Comprehensive modeling, including analysis of cash flows, optimal financial deal structure, GAAP financial statements, tax provisions, working capital requirements, ROI, IRR, NPV, and EPS metrics.

Preparation of annual budgets and periodic forecasts for power plant fleet.

S.E.C. reporting (10Q, 10K, M, D & A), including variance analysis and FAS 133 reporting.

M&A modeling, valuation, due diligence, purchase accounting and accounting integration.

Divestiture analysis of power plants and other businesses.

Establishment of FAS 133 accounting, compliance and hedging internal control systems.

Accounting white papers, forecasting, budgeting, FAS 144 impairment analysis for various power plants.

Accounting research to determine proper accounting for various power and gas deals.

Special valuations and analysis of various energy ventures and projects, including wholesale power deals, gas wholesale and storage deals, renewable energy landfills, wind and solar projects.

Accomplishments:

Developed internal power plant and diverse energy business forecasting and valuation models to establish sound business strategies.

Developed various reporting systems to provide quarterly variance analysis breaking out mark-to-market, FAS 133 items and various other variances for the retail and wholesale power and gas businesses.

Revamped accounting systems to properly account for wholesale trading and retail operations.

Developed the FAS 133 hedge accounting system for all of the non-regulated businesses.

Developed key financial models to evaluate various energy transactions in electric trading, gas storage and renewable energy projects.

Developed new risk and return metrics in addition to RAROC and ROIC metrics for the budget presentation to the Board of Directors.

Developed M&A financial valuation models for diverse energy businesses and performed due diligence and accounting integration of acquired businesses.

Developed a hedge accounting strategy white paper to launch profitable wholesale power trading operations.

Wrote several accounting and financial white papers dealing with FAS 133, FAS 144, FIN 46 (R), FAS 157, Return on Invested Capital and energy acquisitions.

Presented various technical accounting and finance training sessions for the accounting department and management.

Corporate Controller – Quest Energy (Acquired by Integrys Energy Services in 2003)

Financial accounting/ reporting, forecasting, budgeting, treasury, tax.

Accomplishments:

Revamped the whole accounting system and reorganized the department to improve effectiveness and efficiency.

Developed a power balancing report to determine accrued revenues.

Developed complete income statement, cash flow and balance sheet forecasting and budgeting models.

Produced new analytical tools and models to track the business and improve business opportunities.

DOLE FRESH FRUIT INTERNATIONAL, LTD. San Jose, Costa Rica

Chief Financial Officer (Reporting to Group President and Corporate C.F.O.) 1998 to 2001

Financial accounting/ reporting and consolidation of the $1.5 billion Latin fruit business, forecasting, budgeting, treasury, I.T. and special financial and tax projects.

Accomplishments:

Developed a comprehensive and integrated forecasting and reporting system to enhance management decision-making.

Improved the farm cost accounting reporting and forecasting systems and made them uniform for all five international fruit producing divisions.

Participated in a $100 million credit structuring for a U.K. shipping company, including financing, leasing and tax structure that resulted in $40 million of tax savings over 6 years.

Participated in negotiations, due diligence and accounting of a $50 million foreign business combination, a $17 million farm acquisition and a $26 million foreign port joint venture (including financing and tax structure).

Participated in various I.T. systems improvements involving J.D. Edwards, Hyperion and other software.

Reorganized the finance and I.T. departments to improve efficiency and depth of management.

TECUMSEH PRODUCTS COMPANY Tecumseh, MI

Corporate Controller (Reporting to Corporate C.F.O.) 1996 to 1998

Corporate accounting, SEC and internal financial reporting, overseeing local statutory requirements and special financial projects of this $1.6 billion, publicly-traded leading manufacturer of hermetic compressors and small gasoline engines.

Accomplishments:

Developed monthly analysis of key business issues for internal management decisions and external reporting.

Improved yearly business plan by emphasizing strategic measurable goals and current objectives.

Participated in negotiation, due diligence and integration of two $45 million foreign business acquisitions.

Developed procedures and computer models to actuate a mid-term commodity-hedging program.

Implemented action plans to improve international and domestic treasury management efficiency and effectiveness.

Provided steering committee direction to define parameters of an ERP re-engineering project.

SUNBEAM CORPORATION Miami, FL

Vice-President –Finance/ International (Reporting to International Group President) 1992 to 1996

Accounting, finance, data processing, personnel and oversight of procurement, traffic and warehousing. Substantial involvement in sales and operations, including foreign manufacturing plants and product purchases.

Accomplishments:

Increased inventory turnover by 30% through implementation of inventory planning models.

Directed international acquisition projects and performed due diligence and valuation analysis.

Directed product cost reduction and intercompany pricing studies pertaining to Latin American manufacturing operations.

Developed effective management reporting systems to support the 25% annual sales growth.

Directed data processing hardware and software conversions.

Merged Peruvian operations into domestic export operation, yielding $1.5 million profit improvement.

Reorganized European operations from three countries to one, yielding $2 million of additional yearly profit.

Implemented a new customer pricing system that largely improved sales and profits.

NEW YORK SEVEN-UP BOTTLING CO., INC. New Rochelle, NY

Chief Financial Officer (Reporting to President and Board of Directors) 1987 to 1991

Accounting, finance, administration, management systems, personnel, risk management and treasury operations (including cash management, bank relations, debt management and taxation).

Accomplishments:

Implemented a major corporate reorganization and recapitalization.

Negotiated and secured current and long-term bank lines of credit.

Implemented automated cash management, accounting and forecasting systems.

Negotiated and implemented major insurance programs, including financing.

Developed numerous key management reports, including sales, margins, inventory and A/R.

Improved inventory controls and product costing systems.

Held successful negotiations with the Internal Revenue Service.

PRIOR PROFESSIONAL EXPERIENCE

Financial and accounting positions at PepsiCo International, Coca-Cola of Miami, Price-Waterhouse CPAs, Deloitte Touche CPAs.

EDUCATION:

THE UNIVERSITY OF MICHIGAN, GRADUATE SCHOOL OF BUSINESS

M.B.A. with concentration in Finance and Marketing. GPA: 6.8/8.0

MICHIGAN STATE UNIVERSITY

B.A. with high honors, majoring in Accounting. GPA: 3.7/4.0

Certifications and Other:

Certified Public Accountant in the states of Michigan and Florida. Fluent in Spanish.



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