Summary
Overview
Work History
Education
Skills
Websites
Training
Software
Certification
Timeline
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Hugo Antonio Torres Loaiza

Finance Professional
Naucalpan, México

Summary

Experienced finance professional with robust background knowledge and business acumen in the automotive industry, directing and managing large-scale operations, consistently driving success through strategic planning and execution. Adept at implementing innovative solutions that enhance productivity and operational effectiveness. Known for fostering teamwork and adapting to evolving business needs, ensuring alignment with organizational goals.

Overview

19
19
years of professional experience
4
4
Certifications
3
3
Languages

Work History

Director of Accounting and Finance

SCANIA FINANCE MEXICO
02.2022 - 08.2024
  • Company Overview: An organization providing flexible financing and insurance solutions, tailored for the transportation, mining, and truck industries. A global company under the VW umbrella (Traton Financial Services).
  • Accountable for a portfolio of $6,000 MMXN, reporting to the MD. Ensure financial and profitability goals are met or exceeded; guarantee the availability of monetary and liquidity resources for the organization, cash management, analyzing trends, and complying with key risk indicators established limits; product profitability. Reinforce the F&C structure, implement operating procedures, and ensure compliance with corporate mandates. Increased funding alternatives by obtaining an incremental $300 MMXP credit line.
  • Improved SFM operating profit by implementing a factoring solution to support Scania Comercial Mexico's balance sheet by lowering its accounts receivable by 431 MMXN.
  • Implemented a factoring solution for ticketing services with group GHO, improving profitability by 2.0%.
  • Redesigned the Finance department's structure and functions by segregating duties and implementing a Treasury department responsible for day-to-day cash, funding, and banking relations functions.
  • Secured financing through strong relationships with banks and investors, enabling organizational growth objectives to be met more efficiently, from sole parent company funding to facilitate credit lines worth 6,000 MMXN e.g. parent guarantee letter.
  • Enhanced management reporting by designing an executive deck to support the decision-making process.
  • Implemented tax strategies that minimized liability while maintaining full compliance with relevant laws and regulations.

CFO

DIESOL
02.2021 - 02.2022
  • Company Overview: An organization dedicated to fulfilling energy (diesel) requirements for cargo, personnel/public transportation, manufacturing, among other organizations.
  • Led the effective administration of a portfolio of USD $800 MXN by ensuring that financial and profitability goals are met or exceeded, reporting to the BoM.
  • Established the F&C structure, and implemented operating procedures to mitigate risk exposure and comply with internal audits by the time corporate governance was implemented.
  • Implemented Microsoft Dynamics as an ERP tool.
  • Led budgeting process, collaborating with department heads to allocate resources strategically and ensure alignment with organizational goals.
  • Oversaw budgets, payroll, and accounts payable and receivable.
  • Increased revenues by 30% ($56 MMXN) compared to the forecast during the forecasting cycle.
  • Enhanced cash flow management through the development of robust forecasting models and KPIs, ensuring optimal liquidity for business operations, and increased funding alternatives by obtaining an incremental $24 million MXN factoring line over the existing $4.0 million MXN.
  • Secured funding sources by obtaining additional banking credit lines (Santander and BBVA), and factoring.
  • Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within the organization.
  • Managed relationships with external auditors, ensuring a smooth and efficient annual audit process with minimal findings or issues identified.
  • Managed risk effectively through the establishment of a comprehensive risk management framework, safeguarding company assets against potential threats.

Advisory Consultant

Self-employeed
11.2018 - 02.2021
  • Company Overview: An independent consultant providing financial and process enhancement assessments to small and medium-sized organizations.
  • Practice focused on mitigating financial risk, process reengineering, and evaluating corporate governance structure.
  • Offered creative problem-solving techniques when faced with unexpected obstacles during the course of the project.

Operations / Project Manager

Mercedes Benz Financial Services USA
09.2016 - 08.2018
  • Company Overview: A German-based company (revenues = €150+B) provides financing, leasing, and insurance services for luxury cars and commercial vehicles, optimizes fleets for commercial customers, and services 70 million users for its mobility services.
  • Reporting to the VP of Regional Operations and leading a team of 18 collaborators.
  • Collaborated with upper management on strategic initiatives, aligning operations projects with overall business goals.
  • Led the standardization of processes and improvement efforts, applying best practice sharing, Lean, and Six Sigma methodologies for enhanced efficiency across various projects within the Americas regional operation office (USA, CAN, MX, BZ, ARG, COL - portfolio size of €56B).
  • Streamlined operational processes by identifying inefficiencies and implementing effective solutions, delivering savings of USD 36M in Brazil by cutting down repossessed inventories by 65% (from 2,000 to 700 units per year). Ability to recover USD $1.5+ million in accounts receivable through reinstalling a mechanized queue collections system for Mexico.
  • Designed and rolled out preemptive audit actions among the region to minimize corporate audit comments, e.g., a preliminary review in Mexico cleared 26 potential comments on time.
  • Improved customer satisfaction by addressing concerns promptly and implementing feedback-driven improvements when flawlessly migrating the US, CAN, and Mex telephony system to a cloud-based solution. Successfully complied with document management and imaging state regulations and requirements for MI, CA, NM, AZ, and VT.
  • Successfully comply with document management state audits from MI, CA, NM, AZ, and VT.

Regional Financial Controller

Mercedes Benz Auto Finance China
09.2015 - 09.2016
  • Company Overview: Financial controllership for a portfolio of €17B at Auto Finance Regional Operations China's office, reporting to the CFO and VP for the Greater China Region, leading a team of 24 employees. Responsible for presenting finance and profit conditions to Board Members and Daimler AG CFO
  • Coordinated successful external audits with KPMG by preparing all required documentation and addressing auditor inquiries in a timely manner.
  • Ensuring the availability of monetary and liquidity resources for the organization via optimized cash management practices, through diligent monitoring of accounts receivable and payable balances.
  • To secure fund availability and grant the organization operation, a strong and methodical relationship with the Treasury office was implemented, providing them with the most accurate financial information to raise funds.
  • Identified cost-saving opportunities through comprehensive expense analysis, resulting in significant operational savings for the company, e.g., delivered savings of €0.4M by defining a blueprint for the Controlling department capable of adapting to new growth challenges, e.g., project-controlling portfolio administration system, €25M.
  • Led cross-functional teams on a special project to improve overall financial performance via the consolidation of MBAF China as a stand-alone country/region from the financial reporting perspective.
  • Improved financial reporting accuracy by developing a partially mechanized statistical forecasting model to improve data collection processes, reduced month-end close time by 40%, resulting in a 10-year glide plan to reduce the operating ratio from 1.8% to 0.8%, delivering potential savings of €22 million for the same period.
  • Redefined the controlling department function by creating a sustainable structure, including accounting, cost controlling, forecasting and reporting, and treasury-related matters. Processes and procedures were implemented to mitigate risk and grant alignment with corporate requirements and mandates, and financial statement elaboration.

CFO

Daimler Financial Services (Mercedes Benz Financial)
08.2014 - 09.2015
  • Company Overview: Financial leadership for a portfolio of USD $2,000M, reporting to the Americas Region CFO and VP, leading a team of 25 colleagues. Responsible for presenting the finance and profit condition to the DFS Board of Management.
  • Coordinated successful external audits with KPMG and PWC by preparing all required documentation and addressing auditor inquiries in a timely manner.
  • Ensuring the availability of monetary and liquidity resources for the organization via optimized cash management practices, through diligent monitoring of accounts receivable and payable balances.
  • In order to facilitate fund availability for the organization, a strong and methodical relationship with the holding company was designed and conducted by frequently meeting and providing supporting data to obtain funds via CP and banking credit lines.
  • Identified cost-saving actions through departmental expense analysis, resulting in no budget overrun. Defined a blueprint for the Controlling department, capable of adapting to new growth challenges, delivering savings of two positions worth $1M USD on a yearly basis.
  • Improved portfolio RORAC from 16% plan to 22% (blended).
  • Supported and executed an 80% recovery from dealer loss-recovery valuation of over €29M.
  • Reduced operational costs by identifying areas for improvement and implementing cost-saving measures across various departments e.g. delivered over €0.8M in year-over-year savings through consolidating shared services (company cars: 600+ vehicles, accounts payable, corporate travel, IT) structure for the remaining four sister companies.four sister companies.
  • Mentored finance team members, fostering a culture of professional growth and skill development within the department.

Chief Operations Officer

Daimler Financial Services (Mercedes Benz)
04.2010 - 08.2014
  • Company Overview: Operation of a portfolio of USD $18M; reporting to the VP for Regional Operations in the Americas, leading a team of 30 colleagues.
  • Improved operations performance by implementing a full-area restructure. Responsible for decreasing delinquency levels and potential flow into losses.
  • Improved customer experience by reducing first call resolution from 75% to 92%, and cut the IVR abandon rate from over 15% to 6% of total calls (1,000 calls taken).
  • Complied with corporate audits with no comments.
  • Ability to deliver €1M in savings by reducing A/R portfolio delinquency from 8.0% to 4.1% in 12 months.
  • Improvement of budget write-offs as a percentage from 130% to 78%, representing €2M fewer than estimated.
  • Turned around a loss into €0.4M profitability as a result of auction sales augmented by reducing expenses of the repossessed vehicle by €0.5M, decreasing stock age from 385 to 113 days, and lowering average disposal time from 215 to 32 days.
  • Delivered €0.2M in potential annual savings by implementing new staffing models to reduce headcount variability according to operational volume.

Commercial Risk Manager

FORD Motor Credit Company (FMCC) Financial Services
01.2009 - 04.2010
  • Company Overview: Ford Motor Company's financial services organization provides a wide range of vehicle financial products (wholesale, retail, and/or fleet), including financing, leasing, and insurance. Reporting to the Operations Director, I lead a team of seven collaborators.
  • Responsible for evaluating the dealer's financial position, assigning credit lines, and capital loans.
  • Developed strong relationships with internal stakeholders, promoting a culture of risk awareness and accountability, and implementing early warning signs to mitigate risk by increasing capital contributions, matching collateral, and guarantees.
  • Enhanced risk identification processes for early detection and mitigation of potential threats by enhancing and promoting the dealer payment of curtailments over its inventory. Collaborated with Ford Motor Co. to reduce both the company and dealer inventories, and the payment of aged inventory (curtailments).
  • Redefined the commercial risk into a risk administration and assessment function to provide further value added.

  • Reduced credit overtime from a peak of 140% to 120%. (USD $0.3M better).

Treasury Funding Manager

Ford Motor Credit Company
01.2006 - 01.2009
  • Company Overview: Reporting to the Treasurer of Ford of Mexico, leading cross-functional organizational teams from MX, AUS, and the US to develop and implement IT infrastructure to allow an ABS transaction.
  • Collaborated cross-functionally with other departments, such as finance, accounting, tax, legal, and procurement, to ensure seamless integration of treasury-related activities, e.g., ABS retail securitization program funds raised.
  • Coordinated the control establishment and process monitoring to support the development of deal structure(s), securitization programs, retail, and wholesale.
  • Stratified portfolio of 135 MMXN, and additional funding level range of 135 MMXN to 185 MMXN.
  • Supported the "Prospectus" elaboration for the Commercial Paper and Medium-Term Notes programs.
  • Developed strong relationships with banking partners for improved service levels and competitive pricing negotiations, negotiating incremental credit lines at reduced pricing with HSBC, Banamex, and Banorte.
  • Utilized derivatives and other risk-mitigation instruments to mitigate interest rate exposure by the time Mexico was facing high interest rates and exchange rate volatility during the 2009 global crisis.
  • Managed foreign exchange exposures by developing a comprehensive hedging strategy to minimize currency risks, using cross-currency swaps.
  • Optimized cash flow by implementing effective cash management strategies and monitoring daily liquidity positions.
  • Implementing a cost-saving program using green belt methodology to mechanize the dealer payment process resulted in savings of $1 million per year.

Education

MBA - Finance

ITESM
Mexico City, Mexico
12.2001

BA - Business Administration

ITESM
Mexico City, Mexico
12.1994

Skills

  • Analytical mindset and attention to detail
  • Leadership & Mentor
  • Creative thinking
  • Motivation and self-awareness
  • Technological literacy; AI & Big Data
  • Talent and Resource management
  • Results driven
  • Process oriented
  • Strategic planning
  • Negotiation
  • Legal and regulatory compliance

Training

  • Effective Leadership – Daimler Corporate Academy Stuttgart Germany
  • Mentoring – Daimler Academy Mexico
  • Talent & High Potential Executive´s program – Daimler Corporate Academy Berchtesgaden, Germany.
  • Six-Sigma Certified Green Belt – Ford Motor Company Academy

Software

Microsoft Suite

Microsoft Dynamics

SAP

Certification

Six Sigma- Green Belt

Timeline

Director of Accounting and Finance

SCANIA FINANCE MEXICO
02.2022 - 08.2024

CFO

DIESOL
02.2021 - 02.2022

Advisory Consultant

Self-employeed
11.2018 - 02.2021

Operations / Project Manager

Mercedes Benz Financial Services USA
09.2016 - 08.2018

Regional Financial Controller

Mercedes Benz Auto Finance China
09.2015 - 09.2016

Talent & High Potential Executive Program

10-2014

CFO

Daimler Financial Services (Mercedes Benz Financial)
08.2014 - 09.2015

Mentoring

01-2013

Effective Leadership

08-2010

Chief Operations Officer

Daimler Financial Services (Mercedes Benz)
04.2010 - 08.2014

Commercial Risk Manager

FORD Motor Credit Company (FMCC) Financial Services
01.2009 - 04.2010

Six Sigma- Green Belt

01-2007

Treasury Funding Manager

Ford Motor Credit Company
01.2006 - 01.2009

BA - Business Administration

ITESM

MBA - Finance

ITESM

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