West Africa CFO
DHL
Total years of experience :22 years, 10 Months
DHL Global Forwarding - West Africa Region: from jun/10 to mar/14
DHL Global Forwarding is the international market leader in air and ocean freight. In Africa, DHL provides logistic solutions, mainly for the Oil&Gas companies.
West Africa CFO, based in Angola/Luanda
Responsible for:
• establish a credit control and improve collections (A/R)
• analyze all B&S items and check their accuracy
• improve Internal Controls and implement new procedures to strength them
• deal with PwC on the annual audit
• interco reconciliations
• deal with local Banks and also with Central Banks in order to send payments abroad
• improve and control Cash Flow
• budget and forecast preparation and analysis
• investment and disinvestment analysis
Achievements:
• most important work was selling two big Angola Companies for an investor. The work included, preparation of information memorandum, presentation of the companies (road show) and selling them at the end of 2013
• approach Angola Central Bank and approve the transfer of USD 54 Mio to head office
SDGB Invest Angola: from jan/08 to dec/09.
French-Angola Holding Company with interest in Telecom (TELO, Amigotel), Internet (DNS), Billboard/Media (Big Media), etc, with annual turnover of USD 150 Mio and around 200 employees.
CFO, based in Angola/Luanda
Responsible for:
• local and foreign suppliers
• business development
• cost control
• select and hire new employees
• deal with lawyers and Government Authorities
Achievements:
• my main achievement was to secure credit lines with financial institutions that enable the Company to grow
• selected, purchased and implemented a new ERP (Primavera)
ENSCO/Pride Angola: during 2007 (one-year contract)
Oil&Gas drilling Company with annual revenues around USD 500 Mio and 2000 employees. During 2007, the Company operated 10 Drillship/Rigs in Angola and had 3 Legal entities, Pride Inc., Pride Foramer and a JV with Sonangol.
CFO, based in Angola/Luanda
Responsible for:
• management of all Finance, Accounting (ANGOLA/USGAAP)
• costs, budget, forecasts and project reports
• B&S and P&L consolidation of Pride Foramer (French), Pride Inc (US) and a JV with Sonangol
• direct responsible for the management report per asset (Rig) and for the business risk analysis
BetunelKoch Brazil: from feb/04 to dec/06
Joint Venture between local partners (Betunel Industria e Comercio) and Koch Materials Inc (US). 2005 revenues were around USD 120 Mio with solid cash flow and 250 employees. The Company operated six plants that produce emulsion and polymer modified products and had a Service Division that provided high performance road maintenance and rehabilitation applications, such as, micro surfacing, chip sealing and cold in-place recycling.
CFO, based in Brazil/Rio de Janeiro
Responsible for:
• deal with E&Y on audits and tax returns
• prepare and present monthly financial and KPI reports and forecasting
• act as the foreigner partner (Koch) representative
• i also had the opportunity to develop a management report that explained the real situation of the business in terms of finance and market share
• implementation of a new credit police and enhanced collection strategy for old receivables through improved renegotiation processes
• improve cash flow: one of the most important achievement was to manage A/R to achieve maximum cash generation and control A/P to optimize cash flow
Achievements:
• main responsible for the information memorandum and for the management presentation (road show) for local and international investors
• key person for selling the Koch’s shares (50%) that happened at the end of 2006
• selected, purchased and implemented a new ERP (RM System)
Frank’s International Brazil: from jan/02 to feb/04
Start-up Oil&Gas service company with annual revenues around USD 25 Mio and 250 employees. The Company had two main activities: Casing services and repair and maintenance of risers and floatation.
CFO, based in Brazil/Macaé
Responsible for:
• preparation of monthly B&S, P&L and management reports in BR/USGAAP
• cost analysis
• fixed asset control
• administrative, HR, IT and environmental issues
• preparation of all company bids
Achievements:
• my main achievement was the acquisition of a direct competitor that was putting in danger our business model by reduction of cost and quality on services. The competitor was a Brazilian company that had over one hundred employees
• won (USD 20 Mio) bid with Petrobras that increased significantly the Casing activities during 2003/07 (4 years)
• selected, purchased and implemented a new ERP (RM System)
Technip Brazil: from feb/97 to dec/01
EPC Oil&Gas Company with annual revenues around USD 300 Mio, 800 employees, one umbilical and pipeline plant, one spool base and one operational base for the laying vessels and ROVs.
Controller, based in Brazil/Rio de Janeiro
Responsible for:
• evaluating of financial and operational performance of several long-term contracts of products and services
• interpreting and deciphering the results of the operation of the six industrial units in Brazil
• prepare financial and strategic plans, budget/forecasts and communication of financial results to the Board of Directors
• providing all costs for commercial bids
Achievements:
• started the Control de Gestion, helping the Project Managers of the long term contracts to understand the financial situation of their projects and take decisions
• direct responsible for providing all cost for the elaboration of all commercial bids (mainly for Petrobras)
• active participation on the implementation of a new ERP (Oracle)
Owen Illinois Brazil: from jan/95 to feb/97
At that time, the Company was the main producer of glass products in Brazil, with 1.200 employees distributed in five plants that accounted for 42% of the Brazilian market share. 1997 revenues were around USD 220 Mio.
Costs, Price and Budget Manager, based in Brazil/Rio de Janeiro
Responsible for:
• analysis and reporting of manufacturing overhead cost
• material cost
• inventory and manufacturing cost productivity
• initiatives to drive material cost reduction
• establish the unit sales price of all products
Achievements:
• improved the standard cost of the company
• helped to evaluate one company Joint Venture plant and sold it for the other shareholder
McDonald’s Brazil: from jan/91 to jan/95
McDonald’s had, in 1995, 55 stores of which 2/3 were franchises. 1995 revenues were around USD 100 Mio.
Franchisee Manager, based in Brazil/Rio de Janeiro
Responsible for:
• sell owned stores and new ones for the franchisee candidates
• preparation of the business plan for the stores that were being sold
• help the franchisees to get long term loans from the banks
• analyze the financial status of the franchisees, such as, P&L, B&S, including royalties, rental fees, cash flow, debt level and Government taxes
Achievements:
• improve the business plan methodology on selling stores
• developed an intense and helpful network with the franchisees that had helped them to cut cost and expenses and also to implement better controls on financial issues