Power BI
Herminio De Jesus Armenta Castro
Cost Controller
Santa Catarina
Summary
Financial Engineer with an MBA, possessing solid experience in developing advanced financial models, comprehensive financial statement analysis, and leveraging Business Intelligence tools to extract strategic insights. Focused on driving data-driven decision-making, I bring a strategic vision that fosters operational efficiency and sustainable business growth. My ability to integrate solutions across administrative, logistics, manufacturing, and quality areas ensures resource optimization and alignment with organizational objectives.
Overview
4
4
years of professional experience
Work History
Cost Controller
Mercado Libre SA De CV
01.2024 - Current
- Enhanced communication between finance and operational teams, fostering a collaborative approach to cost control efforts.
- Improved cash flow management by closely tracking accounts payable/receivable activities and facilitating timely payments, collections.
- Monitored inventory levels, implementing controls to minimize stock discrepancies while maintaining adequate supplies for business operations.
- Collaborated with various departments to identify opportunities for cost reduction and process improvement
- Responsible for monitoring net and gross productivity, as well as conducting detailed analysis of cost impacts resulting from variations in expenses, volumes, and staffing changes.
- Tracking and reconciliation of purchase orders from various departments in SAP Ariba.
- Responsible for calculating monthly expense projections and in charge of preparing the annual budget in collaboration with various departments and operations.
- Responsible for establishing spending strategies in collaboration with support and operational departments, aligned with the company's monthly and annual objectives.
Financial Coordinator
Deacero
04.2022 - 12.2023
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Reduced budget discrepancies with thorough analysis of expense reports and timely resolution of any issues.
- Responsible for analyzing cost impacts resulting from deviations in critical manufacturing inputs, as well as comparing actual material costs with standard costs.
- Responsible for preparing the annual budget by process in close coordination with management and validation by the plant director.
- Responsible for the monthly closing of expenses and costs, as well as the integrated cost analysis according to the Bill of Materials (BOM).
- Responsible for the quarterly forecast of transformation expenses, aligned with the Sales and Operations Plan.
- Responsible for the quarterly reevaluation of standard costs in accordance with price changes, input yields, and productivity levels.
Direct Cost Controlling Analyst.
Sumitomo Electric Bordnetze SE
11.2021 - 04.2022
- Management of the costing of Raw Material (RM), Work In Progress (WIP), and Finished Goods (FG) warehouses, optimizing inventory valuation and ensuring accuracy in cost control.
- Development and maintenance of material views in SAP to facilitate data management and inventory visibility, ensuring that information is accessible and accurate for various departments within the organization.
- Implementation of material costing processes in SAP, ensuring the correct allocation of direct and indirect costs to products, and contributing to informed financial decision-making.
- Analysis and calculation of overhead (OVH) rates applicable to materials, ensuring that indirect costs are correctly distributed and reflected in the total product costing.
- Monitoring and management of key performance indicators (KPIs) for operational efficiency (OER), providing analysis and reports that facilitate continuous improvement in production and logistics processes.
- Collaboration in the annual budget preparation process, working with different departments to ensure that resources are aligned with the company’s strategic objectives.
Junior Cost Accountant.
Thyssenkrupp Bilstein Sibu PSMA
10.2020 - 09.2021
- Analyzed variances between actual costs and budget forecasts, providing valuable insights for management to make informed decisions on resource allocation.
- Improved internal controls by identifying gaps in existing processes and implementing corrective measures to prevent future discrepancies.
- Responsible for the accurate calculation of the standard cost of productive materials, based on labor rates, with the execution of an annual roll-up for its release.
- Collaboration in the preparation of the monthly and quarterly forecast of indirect manufacturing expenses.
- Supervision of waste and scrap calculation by program, ensuring proper control in accordance with corporate policies.
- Assistance in preparing the annual budget for material costs, other direct costs, labor, and indirect expenses.
- Monitoring the budget for other direct and departmental costs, ensuring compliance with established policies and procedures.
- Execution of the cost closing process in SAP, including the creation of material cost views and the loading of the annual budget into the same platform.
- Periodic audits of the bill of materials and support in the review and analysis of materials and inventories.
Education
MBA - Senior Management
Universidad Del Valle De Tlaxcala
Apizaco, Tlaxcala, Mexico 05.2001 -
Financial Engineering. - Finance
Universidad Politecnica De Tlaxcala
Tlaxcala City, Tlaxcala, Mexico 05.2001 -
Skills
Cost Benchmarking
Change order management
Earned Value Management
Internal controls development
Management of Business Intelligence tools
Analysis and knowledge of costing methods
Internal Controls
Financial Forecasting
Management accounting
Staff Management
Software
Excel
SAP MM-CO-FI
Tableau
Office package
SAP Ariba
Languages
English
Intermediate (B1)
Timeline
Cost Controller
Mercado Libre SA De CV
01.2024 - Current
Financial Coordinator
Deacero
04.2022 - 12.2023
Direct Cost Controlling Analyst.
Sumitomo Electric Bordnetze SE
11.2021 - 04.2022
Junior Cost Accountant.
Thyssenkrupp Bilstein Sibu PSMA
10.2020 - 09.2021
MBA - Senior Management
Universidad Del Valle De Tlaxcala
05.2001 -
Financial Engineering. - Finance
Universidad Politecnica De Tlaxcala
05.2001 -
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