EDUARDO RESENDEZ HERNANDEZ
Finance Director
Monterrey,NLE
Summary
As a Finance-Business Director, I lead a dynamic team within a German enterprise headquartered in Stuttgart and overseen by the Triton Equity Hedge Fund. My role encompasses critical responsibilities, including: Financial Oversight: I meticulously oversee, analyze, verify, and disseminate high-level monthly and yearly financial reports. These reports serve as essential compasses for strategic decision-making. Budgeting and Forecasting: I am entrusted with managing the intricate web of budgeting and forecasting. My proficiency ensures that financial planning aligns seamlessly with our organizational goals. Effective Communication: I adeptly convey vital financial data to all echelons of the board of management and external stakeholders. My expertise extends to providing expert advice on auditing and controlling processes, ensuring robust financial governance. Emotional Equilibrium: Within our team, I seek to establish emotional equilibrium—a harmonious balance that empowers us to meet stringent deadlines regardless of the challenges encountered. In summary, my commitment lies in steering the business toward financial excellence, fostering growth, and ensuring unwavering dedication to our collective mission.
Overview
19
19
years of professional experience
7
7
years of post-secondary education
Work History
Mexico Finance - Business Functions Director
Leadec Mexico
01.2020 - Current
- Conducting comprehensive geo analyses on operating expenses, profit, gross profit, profit from operations, reconciliation, working capital, trade receivables overdue, and capital expenditures
- Monitoring budget, revenue, and variance trends for a €45 million company, regularly providing updates to the Board of Management on the company's financial standing
- Assessing budget plans and presenting cost evaluations to forecast trends and recommend necessary changes
- Ensuring compliance with financial policies and accounting procedures in accordance with federal regulations
- Enhancing overall performance by evaluating processes to drive efficiencies and understanding the return on investment in marketing programs, menu pricing, new store rollouts, and other projects
- Developing financial models and analyses to support strategic initiatives
- Analyzing complex financial information and reports to provide accurate and timely financial recommendations to management for decision-making purposes
- Preparing and delivering presentations to the Board of Directors and Senior Management Team
- Managing the transactional payroll process and maintaining tax calculations in compliance with government regulations
- Overseeing the monthly accounting close process for corporate reporting entities, ensuring accurate financial information is reflected in the general ledger in compliance with US-GAAP, European IFRS, and MEX-GAAP
- Providing leadership in local financial accounting, reporting, and procedural and internal control guidance to corporate departments
- Serving as an active Compliance Officer in internal controls compliance and audits.
Mexico Interim Managing Director
Leadec Mexico
01.2019 - 12.2019
- Led cross-functional teams to achieve company-wide growth objectives, fostering collaboration and innovation.
- Managed risk effectively by instituting comprehensive mitigation strategies across the organization''s operations.
- Championed process improvement initiatives to streamline workflows, reduce costs, and enhance productivity.
- Oversaw complex negotiations with suppliers/vendors for favorable contract terms that led to cost savings.
- Developed comprehensive business plans, outlining long-term goals and actionable steps toward success.
- Spearheaded corporate reorganization efforts, realigning internal resources to better support growth objectives.
- Drove bottom-line results through rigorous financial analysis, cost containment measures, and efficient capital deployment strategies.
Mexico Finance - Compliance Manager
Leadec Mexico
10.2016 - 12.2018
- Coordinating and organizing the preparation of forecasts/budgets for the LATAM region
- Executing core financial processes, encompassing vendor setup and payment, operational expenses, administration of bank accounts, and account reconciliations
- Conducting spending analyses and establishing partnerships to refine policies, providing recommendations for continuous improvement.
- Championed best practices in financial management through ongoing training programs for staff members.
- Reviewed and approved capital expenditure requests, aligning with corporate objectives.
- Reduced reliance on external consultants by developing an in-house finance expertise center.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Increased profitability by identifying underperforming investments, reallocating resources accordingly.
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Established strong relationships with banking partners to facilitate access to various financial services and secure favorable lending terms for the organization.
LATAM Business Finance Manager
Sutherland Global Services
02.2011 - 09.2016
- Preparation and analysis of operating expenses, profit, contribution, operating working capital, trade receivables overdue, and capital expenditures
- Coordinating and organizing the preparation of forecasts/budgets for the LATAM region
- Executing core financial processes, encompassing vendor setup and payment, operational expenses, administration of bank accounts, and account reconciliations
- Conducting spending analyses and establishing partnerships to refine policies, providing recommendations for continuous improvement
- Implementing strategic risk management approaches to safeguard company assets
- Collaborating with IT, business development, and operations leadership to develop a robust financial business plan with detailed benchmarks and action plans
- Completing journal entries, reconciliations, and account analyses to prepare quarterly financial documents and manage general accounts
- Managing budgets, assets, portfolios, accounts payable and receivable, and general financial reporting procedures
- Providing treasury and cash management oversight, including reconciliation of banking activity, credit card processing, and sales tax returns
- Mitigating risk through the implementation of internal controls and safeguards for revenues and expenditures
- Managing daily financial functions in collaboration with accounting and payroll personnel
- Offering tailored financial analysis and advice to improve business processes and manage costs effectively.
Senior Financial Analyst & Internal Control
Schneider Electric North America
08.2009 - 01.2011
- Providing detailed forecasts and challenges year-to-date and quarterly for operations, including comprehensive reporting for Accounts Payable (AP), Accounts Receivable (AR), and American Express month-end reporting
- Reporting Mexican Ledger to US Ledger, ensuring compliance with US Generally Accepted Accounting Principles (GAAP) parameters
- Leading cost control efforts, which involved analyzing, reconciling, and controlling inventory, cost of sales, product margins, and productivity
- Focusing on continuous improvement in spending, balance sheet risk/opportunity, and product profitability aligned with corporate policy and business objectives
- Managing treasury functions, including forecasting cash flow positions, assessing related borrowing needs, and determining available funds for investment
- Ensuring the availability of sufficient funds to meet ongoing operational and capital investment requirements
- Maintaining a robust system of policies and procedures to impose an adequate level of control over treasury activities, including CAPEX, Fixed Asset control, Payroll & HR support, and Internal Control for Accounts Receivable (AR) and Credit Underwriting.
Financial Planner and Analyst Lead
General Electric Consumer & Industrial
08.2007 - 08.2009
- Serving as the Base Cost Coordinator, overseeing the preparation of business planning sessions (GPB, SII, and OP)
- I played a pivotal role in developing, improving, and automating processes as required, fostering coordination across all functional areas
- Ensuring timely completion and providing support for all financial planning and analysis activities, including asset level forecast, volume and collection tracking, and product tagging
- Supporting monthly closing processes, collaborating closely with the Accounting Team to review monthly closing information and facilitate bullet-train PROJECT development/HYPERIONS IMPLEMENTATION
- Serving as a Fix Asset Analyst, responsible for physical inventory and reconciliation
- Taking the lead as Sales Cost Lead, defining financial situations through comprehensive quantitative analysis
- Developing near- and long-term Profit and Loss (P&L) and cash flow forecasts to provide a strategic financial outlook.
Financial Planner and Analyst
General Electric Consumer & Industrial
01.2005 - 08.2007
- Conducting Monthly Portfolio Analysis on Working Capital, providing insights and recommendations to optimize the company's liquidity and operational efficiency
- Offering comprehensive reporting and analysis for all manufacturing activities, covering aspects such as productivity, capital and department spending, forecasting, budgeting, absorption, sales, inventory, and operations planning.
Payroll Processor
General Electric Consumer & Industrial
10.2004 - 12.2004
- Upholding employee confidence and safeguarding payroll operations by maintaining strict confidentiality of sensitive information
- Verifying and submitting timekeeping information to ensure accurate and efficient payroll processing.
Education
Bachelor of Science - Financial Administration
ITESM Tec De Monterrey
Monterrey, Nuevo León, Mexico 05.2004 - 05.2007
Master of Science - International Accounting
Universidad Autónoma De Nuevo Leon
Monterrey, Nuevo León, Mexico 05.2011 - 05.2013
MBA - Global Business & Strategy
EGADE Business School & UNC Charlotte
04.2022 - Current
Skills
Managerial Finance
undefinedAccomplishments
- Achieved 30MEUR Growth through effectively helping with Operations Team on launching new product services, expanding into new markets and optimizing pricing strategies.
- Improved profit margins by 2% YOY by managing costs, enhancing efficiency, and maximizing returns on investments. Solidify cash positions though Covid, and improve working capital with aggressive Trade Receivable campaign.
- Leading cross-functional teams to improve operational processes, such as budgeting, forecasting, and financial analysis. End Target 2% of Total Output.
- Solved stormy relationship with Tax Authorities and Secretary of Labor. Conducted a healthier relationship
Timeline
MBA - Global Business & Strategy
EGADE Business School & UNC Charlotte
04.2022 - Current
Mexico Finance - Business Functions Director
Leadec Mexico
01.2020 - Current
Mexico Interim Managing Director
Leadec Mexico
01.2019 - 12.2019
Mexico Finance - Compliance Manager
Leadec Mexico
10.2016 - 12.2018
Master of Science - International Accounting
Universidad Autónoma De Nuevo Leon
05.2011 - 05.2013
LATAM Business Finance Manager
Sutherland Global Services
02.2011 - 09.2016
Senior Financial Analyst & Internal Control
Schneider Electric North America
08.2009 - 01.2011
Financial Planner and Analyst Lead
General Electric Consumer & Industrial
08.2007 - 08.2009
Financial Planner and Analyst
General Electric Consumer & Industrial
01.2005 - 08.2007
Payroll Processor
General Electric Consumer & Industrial
10.2004 - 12.2004
Bachelor of Science - Financial Administration
ITESM Tec De Monterrey
05.2004 - 05.2007
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