carlos garcia

Highly accomplished, result driven senior accounting and financial  controller, successful at providing the vision and leadership of a high performance finance organization for a global manufacturing and service company with more than 25 years of experience building, leading and advising corporations through complex restructurings and / or international expansion. Strong qualifications in developing and implementing financial controls and processes in addition to productivity improvements. Possesses solid leadership, communication and interpersonal skills to establish mutual understanding and trust with all levels of staff and management.

CORE QUALIFICATIONS

• General and Cost Accounting           • Purchasing/AP/AR            • Logistics and Import/Export   

• KPI’s / CI’s implementation             • Team building                   • Positive Attitude and Energy

• Internal / External Audit                   • SAP / Macola / Contpaq    • Resources Management     

PROFESSIONAL EXPERIENCE

TE Connectivity (Aerospace, Defense and Marine) a Tyco Electronics company       12/2018 - present           

Connectors world manufacturer leader with several manufacturing facilities around the world, $90M annual sales and 700 employees in the Tecate plant.

Responsibilities:

• Directed all financial reporting
• Manufacturing variance analysis 
• Monthly forecast
• Annual Budget
• Leading Cost Savings Initiatives
• Maintain compliance with SOX and accounting policies
• Materials and Fixed Assets controls / inventory

Achievements:

• Provide financial leadership to the operations team to drive cost savings initiatives for above $1.2M USD the last 2 years.
• Strengthened spending control 
• Performed the first physical fixed assets inventory in the plant

PACIFICO AQUACULTURE, SAPI DE CV                                                                  07/2015 – 12/2017

Pacifico Aquaculture is the only producer of ocean-raised Striped Bass in the world; the Company holds the largest marine finfish aquaculture concession in Mexico with projected revenue of $20M USD in 2017. 

General Accountant

Responsibilities:

• Directed all financial reporting including Mexico and US AP and AR.
• Responsible for raw material and fixed assets inventories.
• Budget development and control.
• Supervised all calculation/reports related to state and federal taxes (corporate income tax, payroll tax, social security, housing and retirement tax).
• Directed all cost reporting and analysis.
• In charge of IT.
• Supervised 3 people.
• Reported to Sr. Controller

Achievements:

• Start a program to create and implement all internal control policies and procedures, to reduce the risk of losing raw material, finish goods and fixed assets.
• Implementation of an ERP system that provides an integrated view of core business processes.
• Improve all USD financial reporting.

INDEPENDENT CONSULTANT                                                                                  02/2015 – 08/2015

Working with clients to identify strengths and weaknesses inherent in the current operating structure, while offering advice on how to maximize the efficiency of advantages while minimizing the impact of drawbacks, advising corporations with complex restructuring or international expansion.

Currently advising a manufacturing company in Los Angeles, California (USA) seeking to transfer some product to Tijuana, Mexico. 

• Legal advising
• Tax consulting
• Facilities Leasing
• Workforce analysis (Direct and Indirect)
• Fixed Assets transfer cost analysis 

PROMOCASA, SA de CV                                                                                                06/2014 – 12/2014

One of the most profitable construction-developer company in Baja California, with 650 employees and annual sales of $65M USD

Internal Auditor Director

Responsibilities:

• Responsible of  all internal audits
• Accountable for the WH / fixed assets value and all properties, construction bids, contracts, bonds, and insurance. 
• Developing, incorporating and maintaining internal controls, accounting and financial policies and procedures. 
• Performs budget vs. actual analysis and forecast vs. actual analysis on a monthly basis.
• Directed all inventories.
• Supervised 2 auditors.
• Reported to the General Director.

EASTON, S.A DE C.V.                                                                                                     11/2010 – 04/2013

A leading designer and developer of athletic equipment and accessories, with 1,000 employees and 3 different well knew sports brand (Easton, Bell and Riddell).Total annual sales of $40M USD 

Controller

Responsibilities:

• Directed all Mexico financial reporting (FS, Mfg. Variance analysis, Budget control, etc.)
• Developing, incorporating and maintaining internal controls, KPI’s, accounting and financial policies and procedures. 
• Responsible of AP/Logistics/Import – Export/Payroll/Cost Accounting/General Accounting/Mexico Corporate, Federal & State Taxes, legal representative.
• Coordinator of all cost reduction programs.
• Supervised 9 people; Cost / General Accounting, A/P, Payroll, Traffic and Import / Export
• Report to the VP of Operations in North America 

Achievements:

• Created and implemented all internal control policies and procedures, reducing the risk of losing raw material, finish goods and fixed assets.
• By establishing a Budget Control Program the company has been on target or above target on favorable Mfg. / OH variances and below cost per unit.
• Cost per unit has improved by 13.4% impacting favorably our gross margins.
• With the cost reduction program implementation the company saves $1.2M last year.

FLEXMEDICAL                                                                                                   03/2009 - 11/2010

International medical devices manufacturer, $150M USD in sales & 2,700 employees in 9 plants.

Assistant Controller

Responsibilities:

• Directed all US and Mexico financial reporting including AP/AR.
• Developing, incorporating and maintaining internal controls, accounting and financial policies and procedures. 
• Directed all internal audits.
• Coordinator of all cost reduction programs.
• Supervised 6 people.
• Reported directly to the division controller

Achievements:

• As a result of establishing public auctions and sealed bid the company increases their profit margin on scrap and no related materials by 88%, from $64k to $120k.
• Created and implemented all internal control policies and procedures, reducing the risk of losing raw material, finish goods and fixed assets.
• Created and implemented a salary structure, this allowed the employees to be more competitive and efficient, allowed the company to reduce cost on salaries and benefits by 23%.
• With the cost reduction program (CI’s) implementation the company saves $433K during 2010.

Comisión Federal de Electricidad (CFE)                                                    03/2001 – 09/2008

Total annual sales of $2 billion USD, total employees 8,650 and a $4 billion USD on fixed assets.

North West Regional Controller

Responsibilities:

• Responsible of  all internal audits
• Accountable for the fixed assets value and all energy plants, electric lines construction bids, contracts, bonds, and insurance on the 4 largest states of Mexico. 
• Developing, incorporating and maintaining internal controls, accounting and financial policies and procedures. 
• Performs budget vs. actual analysis and forecast vs. actual analysis on a monthly basis, prepares annual budget for business unit and establishes business unit financial goals.
• Prepares annual forecast and revises each month for most recent changes in business assumptions.
• Directed all inventories.
• Supervised 25 people in two states offices.
• Reported to the Nation’s Federal Controller.

Achievements:

• Created and implemented an automatic audit system, this system was implemented in all 207controllers offices around the country. With this system the company annual savings were around $50k, if implemented in all offices the annual savings are estimated around $3.5 million US dollars.
• As a result of the internal audits the company recovered from insurance and contractors around $1.3 million US dollars.
• During the 6 year tenure the company had cost avoidance of around $450 million USD.
• 24 federal public service employees were held accountable and find responsible / guilty of several illegal activities, the most of any other regional controller’s office of all Mexico during the period of 6 years.

Matsushita Battery International, S.A. de C.V.  (Panasonic)                         05/1998 – 09/2000

Manufacturing facility of cellular and cordless tool’s rechargeable batteries, 1,500 total employees and sales of $100 million USD.

Controller

Responsibilities:

• Directed all US and Mexico financial reporting including AP, establishing a system to meet all corporate requirements, according with US and Mexican GAAP.
• Responsible for all inventories, budget development and control, all calculation/reports related to state and federal taxes (corporate income tax, payroll tax, social security, housing and retirement tax) and transfer pricing study.
• Directed all cost reporting and analysis.
• Supervised 5 people.
• Reported to Finance Director

Achievements:

• Established a cost saving cycle count system and inventory control reducing our monthly inventory adjustments over 60% ($700k US), also established an OH control system.
• Improving company’s cash flow for the first time in 5 years.

Levimex de Baja California, S.A. de C.V.

&Levical, S.A. de C.V.                                                                                   03/1990 – 03/1998

A world class GFCI and Dimmers manufacturing company, 2,250 total employees and $80 million USD in sales.

Controller                                                                                                         01/1992 – 03/1998

Accounting Senior Manager                                                                         03/1990 –01/1992

Responsibilities:

• Coordinator of all physical inventories, budget and activity base cost reporting system, by plant, model and cost center, including a cost reduction plan & cost of quality budget, with a weekly budget variance, efficiency, utilization and standard labor reporting.
• Local and international purchasing coordinator (MRP and MRO).
• Managed all legal matters, HR coordinator, payroll, internal audit, financial reporting, state and federal tax, safe harbor and transfer price study.
• Supervised a staff of 26.
• Reported to Mexico Operations Manager

Achievements:

• Created and implemented all internal control policies and procedures.
• Established a cost of quality budget that reduced companies scrap and inventory annual loss by $100k US.
• Coordinator of Tijuana’s manufacturing facility growth, transferring 3 products lines from the Providence plant, increasing production (50%) by lower the direct cost and OH (12%) when established an ABC cost system, as a result, corporate decided to open another facility in Tecate. 

DespachoMancera, S.C.                                                               05/1987 – 03/1990

An International consulting firm (Ernst & Young).

Responsibilities:

• Certification of financial statements.
• Sr. Accounting and tax consultant maquiladora department..
• External Audit Supervisor.

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Contador Publico Titulado en Universidad Autonoma de Baja California