Eddie Torres Email & Phone Number

Richardson, Tx, Us

Plano, Tx, Us

-Support corporate senior leadership in the M&A of a Latin American subsidiary ensuring seamless integration.-Conducted beginning balance reconciliation, net to cash calculation, and net working capital analysis, contributing to a successful year-end audit.

• Managed financial operations for a $100M private service company, enhancing financial performance, reducing cost by 10% and increasing profitability.• Consistently met or exceeded financial targets by optimizing financial and operational resources.• Collaborated with the CEO to develop and implement strategic plans, driving company growth.• Oversaw A/R, A/P, G/L, month-end close, financial statement preparation, reconciliations, analysis, HR payroll and employee benefits.• Led payroll conversion for 4,000 employees, automating processes to increase productivity and reduce error rates. • Established strong relationships with banking partners and created asset protection processes, reducing fraud losses by 20%

• Oversaw day-to-day finance and accounting functions, reporting directly to the company president.• Led month-end closing, financial statement preparation, payroll, budgeting, forecasting, and financial analysis ensuring compliance with GAAP.• Conducted variance analysis and provided actionable insights through ad-hoc reporting.• Managed accounts payable, balance sheet reconciliation, and inventory adjustments.• Oversaw cash flow, accounts receivable collections, and accounts payable, enhancing liquidity management.• Assisted with HR functions, including employee onboarding and benefits administration.• Established and monitored financial policies and procedures, strengthening internal controls and reducing errors by 15%.• Played a key role in pricing decisions and contract negotiations, contributing to revenue and margin growth.• Achieved budget objectives, analyzed variances, and recommended corrective actions, improving financial performance.• Coordinated with external CPA firms for tax returns and built strong relationships with banking partners

PROJECT PROFILES • Process Re-engineering. Performed balance sheet, general ledger, cost accounting model and P/L review along with reconciliation, due diligence, and process re-engineering for recently acquired multi billion dollar financial services organization in Latin America. Also responsible for integrating new finance and accounting department therefore eliminating redundancy and creating synergy within the two companies.• Project Leader for the implementation of Sarbanes-Oxley compliance for many large conglomerate clients. Applied audit skills to assess risk, identify and document key controls and perform tests on key operating and general IT controls. Identified audit issues and control gaps to management and ultimately resolved them in a timely manner. Help build an internal Audit Team to support the implementation of Sarbanes Oxley to the field.• Performed Interim CFO Service for a $150M publicly traded American company subsidiary in Latin America. Was able to help subsidiary successfully complete and past annual audit, in which they had failed in the past six years. Directed monthly closing process and deliver timely and accurate financial statements along with streamlining monthly P/L, and variance review. Work closely with country senior executive management team. Report directly to country General Mgr. and corporate CFO.-Primary responsibility was to assess & review corporate audit findings and recommend process improvements and controls to mitigate any future the risk. To include•Comprehensive Balance Sheet account reconciliation•Review reserve for Bad Debts and Warranty provision. •Re-engineering of inventory returns process.

Kista, Stockholm, Se

Consultant for large Telecom Corporation IT department supporting two Vice Presidents and approximately 20 Project Managers for a $300Million Portfolio. Assist in the creation of Projects in SAP PS module, WBS Elements, Project Activities, Project milestones and other needs. Responsible for percent completion revenue recognition process.Responsible for reporting financial status of projects, Drive process changes to improve project execution and manage projects efficiently. Perform SOX Controls for all projects in PS Module , Train PMs on financial flow with PS Module and how the system works, understanding difference of Plan Cost vs. Budgeted Costs with a goal of driving better margins. Creation and distribution of regular reports on project financial status to PMs, KAM Controllers, and PM VP’s . Distribute to PM’s the latest “CPAR" report with accurate financial data (P&L, BS, and status) on all projects, and maintain the data with regular meetings communication, Relate findings and problems back to the beginning of the order entry process for any necessary adjustments, Push revenue recognition and billing through the management of visibility of dates and milestones. Work with Operations Financial Analyst in order to provide complementary support to the KAMs, COD, PMO, Purchasing, KAM PM’s. Trend analysis and executive reporting on actuals, variances and forecasts in projects, Preparation of (directly and via co-ordination with others) project reports, Awareness of and knowledge of project status, current costs, and backlog status, Analysis and reporting of project financial actual results and forecasts, Analysis of resource utilization, project cost control, and project margins, and Leadership of small ad hoc teams in executing specific tasks Interfaces

Riyadh, Sa

Perform due diligence and risk assessment for a $5B worldwide merger and acquisition yielding approximately $200M savings within it’s Latin America subsidiary. Reporting on existing client base credit worthiness, revenue and general operations review.

Dallas, Tx, Us

Subject Matter Expert (SME) for the implementation of PeopleSoft fix asset module and also assist in the implementation of other modules along with data conversion. Work closely with client and implementation team in identifying client’s business needs or gaps. Backfill accounting manager and controller position when in there absence. Develop training material and trained users on the fix asset module. Was also responsible for system test (SOX) prior to going live. I was also part of the system and implementation selection committee.