Carlos Castaneda, Mba, Msfe Email & Phone Number

Orlando, Florida, United States

Senior Finance Manager North America market for Versuni Inc. , which is the new company name for Philips Domestic Appliances business after it was acquired by PE Hillhouse Capital in 2021.Responsible for driving growth and profitability for the market organization ($100M+ in revenue), adding transparency to financial reporting and planning functions as well as leading finance transformation initiatives.•Implemented key financial strategies that contributed to 100% sales growth and increased net margin by 14% in 3 years.•Led finance transformation of new PE-backed company Versuni after its disentanglement from Philips. Designed, tested, trained, and implemented all new reporting tools and financial processes from scratch.•Prepared Monthly Review decks for C-suite executives for key decision-making.•Created a new financial planning and reporting tool that provided superior granularity, which streamlined planning / forecast process and made possible key changes in business strategy.•Implemented stricter pricing and retail trade spend controls that resulted in 8% gross margin increase.•Served as interim Head of Finance NA for a year, overseeing Accounting, AR, AP, Treasury, and Tax functions.•Led, mentored, and trained a geographically dispersed finance team.

Stamford, Connecticut

Market Finance Business Partner for Philips Domestic AppliancesSupport the commercial / market organization in North America ($45M+ in Sales). Commercial Controller for DA business. P&L ownership. Main responsible for financial planning and analysis (FP&A), financial reporting, business case analysis, and new product introductions (NPI) financial analysis.•Implemented inventory controls and new commercial policies to reduce excess inventory resulting in $4M increase in free cash flow.•Prepared Monthly Performance Reviews for top executives.•Ensure correct and timely statutory and fiscal reporting, sign off the financials and reported no audit issues.•Managed the disentanglement of Domestic Appliances business into stand-alone organization in preparation for its final sale to PE firm Hillhouse Capital. Worked closely with Deloitte consultants on all financial aspects from legal-fiscal requirements to financials carve-outs to calculation of business transfer value.

Pittsburgh, Pennsylvania

Assistant Controller, Global Operations and Supply Chain (GOSC)Supported global Sleep and Respiratory Care business operations ($2 Billion+ in revenue). Responsible for financial planning and analysis, financial reporting, cost savings initiatives, productivity metrics, ROI/ Capex decisions, Opex control, and supporting large-scale, high-impact manufacturing/operations projects. •Managed $700M global operations and supply chain budget, including conversion, manufacturing variances, distribution, warehousing, customer service, and warranty cost.•Reduced warranty cost by $20M by addressing key cost drivers and improving cost calculation method.•Partnered with Procurement to achieve BOM savings of $9M.•Led financial analysis to support high-impact global projects: production lines shift from Asia to LATAM factory, and consolidation of distribution centers across Europe.

Pittsburgh, Pennsylvania, United States

Accounting Controller supporting global Sleep and Respiratory Care business ($2 Billion+ in revenue)•Led month-end-close process, provided accounting judgment to business events, preformed financial statements reconciliations, ensured compliance, and owned audit relationship.•Implemented a new global Intercompany Profit Elimination process that increased net income by $30M.•Redefined intercompany factoring and royalty calculations to ensure $2M+ annual tax savings.•Led a team of three accountants and managed transition of Accounting function to Shared Services organization in India.

Pittsburgh, Pennsylvania, United States

FP&A Senior Financial Analyst for Global BU Respiratory Care, $500M+ in revenueSupported global business organization in all financial aspects of FP&A and Accounting and Internal Controls.•Led financial planning process, month-end-close and variance analysis.•Performed product portfolio optimization to increase profit in 2% by removing under-performing products.•Optimized excess and obsolescence inventory reserve to reduce business unit inventory in 20%.•Ensured accuracy of calculation and accounting treatment of corporate counterclaims and charges.•Strengthen Inventory Net Realizable Value (NRV), Warranty Cost reserve, and Sales Commission calculations.•Implemented new SAP Authorizations process to achieve 30% decrease in critical accesses and SoD risks.

Parsippany, New Jersey, United States

Financial Analyst for Global Business Unit - RDD Respiratory Drug Delivery - $100M+ in revenueSupported global business organization in all financial aspects of FP&A and business partnering.•Performed business performance analysis and financial reporting to support key decision-making.•Responsible for Month End Close process, P&L consolidation, KPI’s review, and integrity of financials.•Supported the financial planning process through forecasting, financial modeling, and variance analysis.•Ensured integrity of financial records: material master costing, product tree, cost center structure, and transfer pricing.•Led creation and maintenance of accurate and consistent financial models.•Harmonized and designed finance transition of major Philips acquisitions: Respironics Inc. and Medel S.p.a.

Master Of Business Administration (M.B.A.), Finance & Strategy

Master’S Degree, Finance And Economics

Bachelor'S Degree, Finance And Industrial Engineering