Nuno Franco, Group Financial Controller

Nuno Franco

Group Financial Controller

Aspen Pumps Limited

Location
Portugal
Education
Master's degree, MBA with a specialisation in Finance
Experience
30 years, 10 Months

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Work Experience

Total years of experience :30 years, 10 Months

Group Financial Controller at Aspen Pumps Limited
  • United Kingdom - London
  • My current job since July 2014

A private equity backed group of UK trading companies with businesses spread throughout the world, including subsidiaries in India, Germany, Netherlands, , Australia, USA.

Responsibilities:
 Managing and coordinating the liaison with abroad subsidiaries, in respect of all Finance and tax subjects, including budget, actual numbers, transfer prices (APA, Intercompany agreements), intercompany sales and adjustments in consolidation, taxes (international taxation, double taxation),
 Internal treatment of consolidations as there are three levels of consolidation plus with international subsidiaries.
 Actively participating in the Budget process (three budgets, 2014, 2015, 2016), including forecasting.
 Control of Fx revaluation considering four currencies (sterling and three more) in use by the group.
 Control of Inter-company trading loans, but also loan notes.
 Monthly conducting Management Accounts pack and responsible for presenting the information.
 Responsible for all tax subjects in the group including liaison with Deloitte.
 Responsible for treasury control, including daily dashboard in five currencies (including GBP).

Cfo at Aspen Pumps Inc
  • United States - Texas - Houston
  • My current job since March 2017

As part of Group Financial Controller of UK parent companies also I am since March 2017 CFO of Aspen Pumps Inc, a USA subsidiary.

Finance Manager at ScientiaGest - Consultores Gestao, Lda
  • Portugal
  • August 2002 to May 2014

A company dedicated to delivering consultancy, accountancy, tax consultancy and financial management services to different clients.

Achievements:
Creating and developing an entrepreneurship project with partners/Definition, implementation and follow-up of global reporting model and procedures manual for some clients/Effective support upon the internationalization of two clients (one to Spain, one to Algeria)/Effective support upon Start-Up projects, organization, procedures, funding, including the preparation to apply for public subsidies.

Responsibilities:
 Finance manager of the company, finance manager of some clients (in construction, engineering, architectural services, healthcare services, real estate, conglomerates), consultant in management, responsible and coordinator for economic studies, implementation of reporting models for companies, including ratios, balanced score cards and other management instruments, tax advisory.
 Implementation of some reporting models for accountancy, cost accountancy, P&L, ratios.
 Organization of the internal procedures related with documents, payment rules, how to invoice, collecting debts.
 Negotiation with banks.
 Responsible for the Finance Department in clients in the areas of construction, engineering, healthcare services, real estate.
 An effective consultancy support to some important companies and universities such as 3S Solvay, Universidade Catolica Lisbon Portugal (University), IPO (Portuguese Oncology Institute), Economic Risk studies in projects of highways and other public investments.
 Feasibility studies.

Deputy CFO at SIVA - Sociedade Importacao Veiculos Automoveis, SA
  • Portugal
  • September 2001 to July 2002

A company dedicated to the distribution of all the brands of cars owned by the VAG (Volkswagen Audi Group) throughout Portugal.

Achievements: Direct support and team leader inside the company for an internal project developed within KPMG that had the purpose to unite the different software applications generating dispersed financial and economic information to be used internally and externally.

Responsibilities:
 Support in coordinating all areas of the Financial Direction (Treasury, Accountancy, Management Control, Invoicing and Collecting)
 External link within KPMG, the consulter company for organizational reporting model of SIVA.
 Responsible for maintaining and improving the retail Price down structure for SKODA cars
 Coordination of the financial managers of Audi and Volkswagen brands.

General Director of a Treasury Shared Services Company / Financial Responsible at H Form Group
  • Portugal
  • December 1998 to August 2001

A conglomerate of enterprises and sub-holdings (this group has acquired some important companies in Portugal, such as Simao e Companhia (owner of the oil trade mark Andorinha, well-known in Brazil), Electroliber (a big company dedicated to distributing magazines and newspapers), Metalsines (connected with the railway industry).

Achievements: a start-up company (Treasury Shared services company), it was of first demand to centralize the treasuries of all the companies owned to the Group. The tough work to be done was to convince the different managers of the other companies that this company would create such a value for the group that was worth the short-term disadvantages.

Responsibilities:
 December 2000 - August 2001: General Director of a Treasury Shared Services Company (named GestAdvance)
• Definition of the internal treasury procedures, which included some customization in terms of each business specification (procedures defined per business or sector and not per company.
• Presentation of treasury budgeting for each of the companies with their treasury managed inside the shared services company.
• Negotiation with banks so to achieve a united price of debt for the whole group (spreads, commissions for some banking services provided, such as salary payments, cards, reverse factoring, factoring).
• Execution of payments accordingly and within a signature of a manager of the top-holding.
• Centralization of the different treasuries from different companies inside the group.
 December 1998 - January 2001: Financial Responsible of sub-holding that owned the businesses related with railways industry (named NetIncome)
• Collecting financial and economic information related with the sub-holding and the companies owned by the holding (three), and accompaniment of the results.
• Definition of the internal procedures related with factoring financing (how to control which clients invoices were paid to the bank, which directly to the company, which payments in advance).

Risk Analyst and Controller / Commercial Coordinator at Bank Banco Espirito Santo
  • Portugal
  • June 1993 to November 1998

An international Portuguese commercial bank that owned businesses diversified and abroad.

Achievements: as Risk Analyst and Controller, the implementation of a simple effective credit risk analysis model in a trimestral basis. As Commercial Coordinator, more than 100% of Commercial Efficacy in a model that, with different weights, intended to measure the volume in number and in money for some key bank variables, such as credit cards placed among clients, personal/enterprise credit granted, credit in default, bank-insurance products, bank applications in funds, raised bank deposits, improvement in rates of retaining clients.

Responsibilities:
 March 1997 - November 1998: Risk Analyst and Controller for the results of the branches in terms of financial figures but also for commercial ratios of selling products, cross-selling, internal preparation of credit operations.
 December 1993 - March 1997: Commercial Coordinator (Animator) in a Regional Direction: this function created within a French commercial philosophy intended to approach the Central Departments (Strategic and Operational Marketing, Informatics, Quality Department), the Regional Direction and the Branches, supplying means for improving the commercial efficacy rates achieved, commercial formation.

Education

Master's degree, MBA with a specialisation in Finance
  • at Universidade Catolica Lisbon Portugal (UCP)
  • July 2004

MBA (master of business administration) with a specialisation in Finance

Higher diploma, Economics
  • at Universidade Catolica Lisbon Portugal (UCP)
  • June 1993

Degree in Economics

Specialties & Skills

Financial Control
Business Analysis
Business Process Improvement
Consultancy
Financial Management
CLIENTS
Budgeting
Business development
Strategic consulting
Operations management
Definition of reporting models
Valuation of enterprises/divisions/businesses
Project leader
Treasury budgeting
Definition of procedures
Accountancy (IFRS)
Conflict management
Treasury management
Balanced Score Card
Communication skills
Merges and acquisitions
Feasibility studies
Team building
Coaching
Capital management

Languages

Spanish
Expert
English
Expert
French
Expert
Portuguese
Expert
Arabic
Beginner

Memberships

Portuguese Association of Economists (Ordem dos Economistas)
  • Effective member
  • January 1994
Portuguese Chartered Accountants (Técnico Oficial de Contas).
  • CA (Chartered Accountant)
  • January 2005

Training and Certifications

 CIMA (advanced diploma in management accounting) (Training)
Training Institute:
CIMA (United Kingdom)
Date Attended:
May 2016
The Enterprise in Financial Distress Course (Certificate)
Date Attended:
November 2013
Valid Until:
December 2013
Public procurement rules and law (Certificate)
Date Attended:
November 2011
Valid Until:
November 2011
Changes in close of books: financial and accountancy aspects (Certificate)
Date Attended:
February 2011
Valid Until:
March 2011

Hobbies

  • Writing novels
    I have finished my first novel very recently.
  • Hiking in groups
  • Biking