Summary
Overview
Work History
Education
Skills
Affiliations
Software
SAP (FI, TR, MM, SD), SAP S/4HANA, SAP Business One
Timeline
Generic

Alvaro CASTRO

Bachelor Degree In Accounting & Finance (BAA & CPA) //Bachelor Degree In Business Administration ( BBA ) // Executive MBA
Providencia - Santiago De Chile

Summary

ÁLVARO CASTRO VERGARA: PROFESSIONAL PROFILE – SUMMARY Bachelor's degree in Accounting Auditor ( BAA) & (CPA), Diego Portales University, Bachelor's degree in Business Administration ( BBA), Tarapacá University, Executive MBA, Business School of Adolfo Ibañez University. With experience in different industrial sectors such as manufacturing, mining , retail, construction, renewable energy (NCRE), automotive financial services, automation & engineering, consultancy, and auditing (KMPG) & shared services . I have developed functions in a typical day in the role Finance Business Partner : Tasks include responsibilities such actively influence day to day decisions, shaping strategy and the direction of the business. Interface or ‘translator’ between finance and operations Commercially aware, understanding and anticipating the needs of both operations and management Strong core business skills including influencing, stakeholder management and presentation skills Successful finance business partnering is a way of thinking, at the heart of which is problem-solving. I have interpret data, order and assess its value and then present the findings to the relevant stakeholders in a clear and concise way . Can draw on ‘big’ and ‘small’ data, selecting the appropriate tools to manipulate, analyse and interpret it in sophisticated, audience-appropriate ways .Must be able to form and stand over their opinions, have a well-developed sense of ethics and be prepared to stand up for these principles Comfortable with risk and working with ambiguity Learn from the past but are future orientated Analyzing financial reports Attracting investment Building partnerships Delivering insight into business strategies Implementing commercial goals Meeting financial targets Business performance monitoring Updating shareholders Driving operational change Identifying business risks Improving financial reporting, Improving the impact, and understanding, of financial reporting on business performance Providing analysis and delivering insight that links financial reports to business strategies Providing effective commercial procedures, or initiating change, to ensure key operational, commercial and financial targets are delivered Building partnerships and maintaining strong relationships with all senior managers and their teams Knowledge and experience in the financial management of projects EPC, capital project and project accounting eleven years of experience in EPC projects, six years in copper mining projects (Collahuasi , Quebrada Blanca, BHP ) , and five years in NCRE renewable energy projects, in charge of the project on the field, coordination of different international contracts and local on-site logistics Responsible for the implementation and management of the shared services, for 60 local companies, experience in digital financial and accounting transformation. Deep experience in modeling BP & implementation – improvement projects ( I in charged to lead this process in 6 companies ) Experience with working with senior leaders internationally. About my soft skills highlights: Handling Deadlines and Pressure Situations Business Acumen Strategic Planning & Thinking and Self-Mastery Time-Management Skills Solution of complex problems and critical thought Synthesis and analytical mind Presentation skills Attention to detail Self-Management, autonomous, shares information in a transparent and honest way. Capacity of Negotiation, Cognitive flexibility Reliability and strong self-awareness with a balance of confidence and humility, discretion Being capable of generating the necessary changes in the waybill to reach the previous thing Clear aptitude for the work with multidisciplinary and multicultural teams, showing capacity under pressure environment, deadline-oriented Ability to work in a matrix environment. Excellent communication Business and industry knowledge Decision making Accountancy Problem-solving skills Industry experience Entrepreneurial skills Data analysis Leadership skills With a profile "hands-on" Strategic vision, Skill to introduce and to detect opportunities “helicopter view” Taste for new technology, innovation and embrace change to drive innovation outcomes IFRS Programme Successful Negotiation: Essential Strategies and Skills. Sarbanes Oxley Act. & US GAAP Conference on legal responsibility of the D & O (directors and managers) Specialization in Management Assurance Business A Strategic Playbook for Becoming a Principled and Persuasive Negotiator. Agile methodologies – project direction Auditor for the certification program Green Globe Asia Pacific. Pricing strategies for subscription businesses Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.

Overview

29
29
years of professional experience
14
14
years of post-secondary education
3
3
Languages

Work History

Financial Business Partner

EURO PACIFIC EQUIPMENT
06.2022 - Current
  • Review of monthly and annual closures of company's , under IFRS and local regulations
  • Redefinition of cost structure and design of online channel and web platform
  • Leading processes of digital transformation in SMEs , taste for new technology, innovation and embrace change to drive innovation outcomes, automation of internal processes for example breaking silos and eliminate unnecessary rules
  • Digitization of accounting, financial, logistics, sales, CRM areas
  • Identify need for adoption of new local accounting standards , to ensure compliance with accounting local regulations
  • Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
  • Coordinate and direct preparation of budget and financial forecasts and report variances
  • Prepare and publish timely monthly financial statements
  • Coordinate preparation of regulatory reporting
  • Research technical accounting issues for compliance
  • Support month-end and year-end close process
  • Ensure quality control over financial transactions and financial reporting
  • Manage and comply with local government reporting requirements and tax filings
  • Develop and document business processes and accounting policies to maintain and strengthen internal controls
  • Additional controller duties as necessary
  • To prepare, manage and present consolidation, validation and presentation, financial statements (Balance sheet, income statements; cash flow statements; and statements of shareholders' equity and P&L)
  • To supervise filing of Tax returns of fiscal year and collaborate, analyzing and proposing methods and procedures for carrying out accounting records, tax and finance , ensuring internal processes, quality and reliability of information of company , in summary Tax planning
  • Management and financial plan development
  • Review accounting documents prepared and verify quality of financial information, available to external auditors
  • Redefining business plans for re-opening and seeking financing with banks

Finance Business Partner

GEDA – LIFT CHILE
02.2016 - 12.2021
  • For more than eighty years, specializes in lifting equipment of cargo and persons with temporary and permanent products guided by rack & pinions, OEM supplier
  • In charge of implementation and development of company GEDA-LIFT CHILE in country, carrying out various tasks in this stage of start-up of company
  • In charge IA (investments analysis)
  • Providing insight and analysis: analyze and interpret data to help businesses allocate resources efficiently
  • I also conduct trend analysis to identify risks and opportunities, which help companies overcome industry issues and gain more market share, among other: development of local market and introduction of products, implementation of lines of business, business plan and marketing, sales quotation, operations, reporting directory and GEDA - Germany
  • Reviewing financial statements: Finance executives review financial statements to ensure their accuracy and compliance with accounting standards
  • They also identify areas for improvement and make recommendations to management
  • Conducting financial modelling: build complex financial models to simulate different scenarios and predict financial trends
  • They also use these models to forecast future revenue, expenses, and cash flow
  • Presenting findings and recommendations: present findings and suggestions to senior management through reports, presentations, and meetings under effective communication skills to present analysis, which can provide actionable insights to help businesses achieve their goals
  • Timely administration of dealer receivables and loans, ensuring in that country risk limits are properly maintained to protect Company assets
  • Guarantee liquidity of legal entities
  • Actual and Forecast cash flow control, provide monthly cash reports and forecasts to corporate treasury
  • Renewal of all Countries insurances, in partnership with HQ, Credit and Collection monitoring, accounts payables monitoring, build up of KPI´s for all finance area, support Procurement and IT with their requirements
  • Perform other duties as assigned
  • Achievements:
  • Open local market in the country & Start up the complete suite the reporting package for HQ , training all areas of company including the accounting and finance area
  • Closure of business, program of 50 GEDA Lift’s, amount of operation 6.5 million Euros
  • Successful assistance with banks for financing of program of customer purchases

Business Advisor

ASS CHILE
01.2015 - 11.2015
  • Management and market analysis in the different categories
  • Founder of the company Advanced Shared Services platform – ASSCHILE ( focus : prepare monthly and annual closing information, according to IFRS and local standards, identify the need for adoption of new local accounting standards, to ensure compliance with local accounting standards, preparation and presentation of financial statements (balance sheet, income statements; cash flow statements; and statements of shareholders' equity and P&L)
  • Search of market opportunities and trends
  • Business Plan and implementation of business ,Financial & Accounting area: restructuring and recovery of companies Small & Medium Companies
  • Analysis and definition of risks of business ; Reports to directory ;Report financial - accounting low IFRS and US GAAP

Finance Business Partner

GENERSYS SUDAMÉRICA
06.2009 - 10.2014
  • Start Up of firm in Chile, OEM supplier , carrying out the process of initiation and opening of the business development of the BP-business plan- (financial plan, operating budget, marketing budget, investment plan, logistics plan, HR issues, in charge of implementation of ERP & reporting system for HQ – Monthly , Quarterly and Yearly )
  • Participate in legal design, tax and financial platform for operation of the company in Chile and other South American countries , responsible for taxes preparation of presentation ( IRS – Internal Revenue Services) Monthly, Quarterly and Yearly presentation and complete routine reporting deliverables accurately and on timely basis comparing actual performance vs budget, changes in plans and analyze key business scenarios that influences stakeholders and principal directions inside the company
  • In charge of the expansion plan in region of South America, (initial country in start-up, Ecuador and Colombia
  • Later, Peru and Brazil)
  • Participation in Britcham (British-Chilean Chamber of Commerce) on the part of the company, forming part of committee on climate change and renewable energy
  • EPC projects, solar thermal project in far south of the country solar thermal ( one of the most extreme projects was in Picton, New and Lennox Islands (under operations Chilean Navy, between 55 and 66 degrees south latitude and solar photovoltaic projects too
  • EPC projects project accounting (commercial solutions & domestic solutions too ) installation of solar thermal systems in 1.480 houses, in different regions of the country
  • Preparation, defense procurement and investment project of plant - by CORFO foreign investment - draft of high technology in NCRE - non-conventional renewable energy
  • Capital projects control financial performance of EPC project’s and propose action plans to improve contract margin and cash profile as well as corrective action plans to mitigate identified risks such us : PV projects such us : María Elena PV 67,8 (MW) ; Solar San Andrés PV 50,6 ( MW) ; Solar Llano de Llampos PV 101 (MW)
  • Challenge and approve Project Financials (cash, competitiveness)
  • Project Control reviewing project advance, invoicing, WIP accrual , potential variation potential finance risk too
  • Lead to audit plan, prepare, and publish internal IMS Assessment/Audits Schedules/Programs, verifications of preventive actions, effectiveness of conducting QHSE Risk Assessments and RC Gap Analysis
  • Liaise with ( Tax and Customs, Treasury and Financing, Internal Audit & Risk Management, Accounting and Finance efficiency, etc.), and cooperate with other expert functions into the company about the : legal, platforms, Operational Excellence ( ERP ) among others
  • Achievements:
  • Open branches in other countries in region of South America, with sales increasing by the second year in 12 times, in comparison with the previous
  • Manage renewable energy projects in local market in private companies and with the public sector (3,5 MM$ USD)

Chief Financial Officer (CFO)

SCANIA FINANCE
01.2008 - 04.2009
  • Obtain and manage funds for investment of assets for leasing with banks for USD $ 300 Million Dollar, preparation and reports to Headquarters under IFRS regulations, reports for international directory, evolution of financial portfolio, portfolio-, generated new business and its associated spread, refinancing risk, exposure of portfolio risk, equity financing coverage, HR functions
  • To prepare financial statements with its notes under IFRS , include several duties under direct responsibility , such us : Prepare and analyze various monthly management reports –, Provide commentary on overdue debtors > 180 days, Manage and review balance sheet reconciliations to facilitate month and year end closing of accounts, Forecasting monthly finance corporate report and local report, Prepare half year and full year reporting schedules for Group Finance & Tax and Statutory Reporting (in conjunction with Financial Accountant) and complete routine reporting deliverables accurately and on timely basis comparing actual performance vs budget, changes in plans and analyze key business scenarios that influences stakeholders and local country manager
  • Pricing analyst by finance category, modeling different scenarios, utilization, efficiency, discount rate
  • To supervise and maintenance accounting regulations - rules of compliance - Assist in addressing queries from Group Finance & Tax and external auditors
  • Responsible of reporting Monthly, Quarterly and Yearly HQ , analysis deviation budget operational and preparing special report of Board in HQ – portfolio analysis and evolution analyze and review actual v budget for various expense accounts on PL Statement
  • To overseeing preparation and completion of global and local audit and liaison with external auditor company's
  • Due to "2008 subprime crisis" company takes decision to close finance company, giving up only direct commercial operations
  • Achievements:
  • Implementation of ERP credit and portfolio management system and financial accounting system (Webpcf platform and FIN 700 Sonda Enterprise)
  • Implement reporting system to Headquarters under environment ERP – Hyperion platform
  • Obtain and manage funds for investment of assets in leasing with banks by USD 150 Million Dollar.

Senior Out. Services Mgr, Y CLEVELAND Consultant

MENARES
06.2001 - 11.2007
  • Responsible for carrying out "due diligence", in area financial-accounting and business risk to customers who are preparing company for admission of new shareholders
  • Responsible for implementation and management of shared service, for 60 local companies
  • Monthly communication with tax information package including standards of financial statements, sales reports, details of accounts payable, accounts receivable, inventory and cash
  • Custom Reports available, including accounting by cost center
  • Responsible for functions of finance and accounting area and it includes preparation and reports to headquarters in monthly, quarterly and annual , under IFRS and preparation of reports for board meeting
  • Responsible for annual program of training for team of consultants in various areas (measurement tools of business risks, internal control, industry analysis and market, business plans)
  • Responsible for customer and comprehensive advice for six years to contractor company of engineering services and maintenance of plants ( in mining companies : Minera Dona Ines Collahuasi - Iquique and BHP Billiton - Puerto Coloso -Antofagasta ), development and implementation of business model, risk model and internal processes associated
  • Company certified under ISO 9,000 and 14,000
  • Direction and project management in such countries of the region as: Argentina, Peru, Bolivia, Brazil, Ecuador, Uruguay, Surinam & Guatemala coordinated the team of work assigned to projects and with visits to area
  • Achievements:
  • Have successfully implemented modeling in risk management and internal audit for small and medium enterprises SME, of services to large mining industry in Chile (as result of work, company increased yearly contracts for maintenance of plant of long-term and short-term construction), productive enterprises, services and communications, and systems of measurement tool of business under BSC (Balanced Score Card)

PART-TIME UNIVERSITY PROFESSOR

University of Santiago
Santiago
03.2001 - 11.2006
  • Identified issues, analyzed information and provided solutions to problems.
  • Exercised leadership capabilities by successfully motivating and inspiring others.
  • Paid attention to detail while completing assignments.
  • Department of Administration and Economy , University of Santiago de Chile -USACH , Master in Control Management and Audit, class - strategic management in control administration – & Diploma in Management control for non-specialists ( founder this diploma )
  • Resolved problems, improved operations and provided exceptional service.

Financial & Administration Mgr

KPMG
01.1999 - 04.2001
  • Managing the processes for financial forecasting, P&L and budgets, operational, financial & procurement plan to several internal manufacturer plant around the world
  • Reviewed financial reports and streamlined operations to increase productivity and company profits
  • Coordinate with the project team to ensure consistent accounting (margin and revenue milestone recognition) and reporting across the project
  • To prepare the financial statements with its notes under IFRS of all entities in Chile
  • To overseeing preparation and completion of global and local audit and liaison with external auditor company's
  • Specialized in business risks , fraud , forensic chartered accountants

Financial Controller

LA POLAR
03.1996 - 12.1998

Financial & Administration Manager

CARTER HOLT HARVEY PACKAGING CHILE S.A
04.1994 - 12.1995

Education

Diploma - Strategic Intelligence

INSEAD - Business School
Fontainebleau - FRANCE
09.1999 - 09.1999

MBA - Business Administration And Management

Adolfo Ibañez University - Business School
Santiago Chile
01.1999 - 05.2001

BBA - Business Administration

Tarapacá University
Arica - Chile
04.1979 - 11.1984

BBA - Accounting & Finance

Diego Portales University
Santiago Chile
05.1988 - 06.1994

Skills

MS Office (Word, Excel, PWP, Info Path, Publisher, Access, Visio y Ms Project)undefined

Affiliations

Leading Innovation in Arts and Culture. Managing Project Risks and Changes. Renewable Energy and Green Building Entrepreneurship. Specialization Course in Forensic Auditing Innovation Through Design: Think, Make, Break, Repeat. Financial Markets. Seminary: Base Erosion and Profit Shifting & Transfer Pricing World English for Business and Entrepreneurship. Project Management, Seminario Dirección de Proyectos. Seminary Tributary Reform: Companies & People Brand Management: Aligning Business, Brand and Behavior. Update course: "Law of Tributary Reform” How to Finance and Grow Your Startup – Without Venture Capital.

Software

SAP // SAPB1

Hyperion

SAP (FI, TR, MM, SD), SAP S/4HANA, SAP Business One

Advanced user level :

     

MS Office (Word, Excel,   PWP, Info Path, Publisher, Access, Visio y Ms Project) 

SAP (FI, TR, MM, SD), SAP   S/4HANA, SAP Business One, Great Plains, Hyperion (finance model –   procurement model) & business   intelligence)

Fin 700, Web PCF, De Fontana ERP,  Tableu Business, Microsoft Power Bi Desktop

Timeline

Financial Business Partner

EURO PACIFIC EQUIPMENT
06.2022 - Current

Finance Business Partner

GEDA – LIFT CHILE
02.2016 - 12.2021

Business Advisor

ASS CHILE
01.2015 - 11.2015

Finance Business Partner

GENERSYS SUDAMÉRICA
06.2009 - 10.2014

Chief Financial Officer (CFO)

SCANIA FINANCE
01.2008 - 04.2009

Senior Out. Services Mgr, Y CLEVELAND Consultant

MENARES
06.2001 - 11.2007

PART-TIME UNIVERSITY PROFESSOR

University of Santiago
03.2001 - 11.2006

Diploma - Strategic Intelligence

INSEAD - Business School
09.1999 - 09.1999

MBA - Business Administration And Management

Adolfo Ibañez University - Business School
01.1999 - 05.2001

Financial & Administration Mgr

KPMG
01.1999 - 04.2001

Financial Controller

LA POLAR
03.1996 - 12.1998

Financial & Administration Manager

CARTER HOLT HARVEY PACKAGING CHILE S.A
04.1994 - 12.1995

BBA - Accounting & Finance

Diego Portales University
05.1988 - 06.1994

BBA - Business Administration

Tarapacá University
04.1979 - 11.1984
Alvaro CASTROBachelor Degree In Accounting & Finance (BAA & CPA) //Bachelor Degree In Business Administration ( BBA ) // Executive MBA