Edgar Castillo Email & Phone Number

Naucalpan De Juárez, Estado De México, Mx

Based In Paris. Part Of Every Heart & Home., Fr

Based In Paris. Part Of Every Heart & Home., Fr

Head of financial planning for Latin America region

Northampton, Gb

Provide in-depth financial support to the Finance Executive Director, Supply Chain Head and Marketing VP through analysis and recommendations for correct decision-making to assure sustainable value and growth in the cluster. This includes leading the month close process, annual budget planning, 3-year business planning, margin analysis for baseline and new products, end to end product costing, productivity tracking, inventory management support and identifying short and long term R&O.Key Activities:- FP&A key activities: responsible of financial planning processes providing detailed insights of current and future performance to the CFO and global organization. Prepare monthly reports, executive decks and scorecard to assure timely actions and achieve business targets. - Marketing Liaison: provide insights to the marketing team to improve GM% for baseline and new products for each category.- Product Costing: responsible for leading end to end product costing process for NoLA and USA- Inventory Finance Leader: redefine the inventory process to assure inventory and free cash flow targets are achievedAccomplishments:- Implemented a new cost process which has eliminated any miscommunication between Global New Product Development department and Local Marketing allowing marketing to obtain competitive product costs and assign correct price points and avoid Gross Margin erosion- Improve forecast accuracy through better communication with sourcing and manufacturing; variance vs. budget $2.0MM of a total cost of $450M- Implement control on price variances and rebates resulting in C$1.0MM USD of additional savings- Excess flow process creation and implementation reducing obsolesce risk by C$28MM USD. This process was rolled out to LATAM as a best practice. - Improve month close process allowing close time to be reduced in 1 day.- Implemented scorecard and root cause analysis methodology which led to annual goals achievement for Cost and Inventory results.

Greater Chicago Area, Il, Us

Responsible for financial operations conducted within the cluster assisting in all financial matters including coordination with all levels of management to gather, analyze, and prepare recommendations regarding financial plans, improvements in overall fiscal performance, new business planning, budgets and forecast.Key Activities- FP&A Activities: Lead local and regional periodic forecasting, annual budgeting and long range financial planning process in addition to month-end close process. Ensure proper Financial Reporting and provide Financial Planning & Analysis- Advertising and Consumer control: Ensure marketing related expenses (media and non-media) are in line with target, identify R&O to act promptly- OvH control: Manage the companies OVHs by area to assure targets achievement and provide insights to avoid risks and leverage opportunities- SAP implementation leader- Capital allocation analysis: Perform monthly tracking of regional capex spend, committed spend and open bids ensuring that capital is spent prudently and in accordance with budgeted/forecasted amounts and business needsAccomplishments:- Created and implemented a scorecard for the GM and CFO to access main KPIs for correct and fast decision making- Merge Kraft & Cadbury FP&A teams, process and goals in one single unit during Cadbury acquisition. This included process homologation such as accounting standards, cost allocations, reporting methodologies and implementation of the new reporting tool FIT assuring data integrity and functionality- Reduced OVHs spending by 6.2% vs. target by redefining sales and marketing strategies in conjunction with a tighter control in sales spending through a newly developed scorecard- A&C selective investment process reduced spend by 4.9%- Capex reduction of $6MM: Redefine Capex tracking process and investment by focusing on key growth & cost reduction- OVHs savings of 50% in the area by better structure and choosing the right people for each role

Greater Chicago Area, Il, Us

Key Activities- Cost and General Accounting – maintenance of standard cost, split of variances, tracking of fixed cost spending, calculation of transfer pricing (setting, analysis, documentation, and adjustment of charges), ensure smooth and efficient transaction processing in the accounting department. Calculate and analyze Intercompany Billing Rates process for the plant.- Production costing (Raw & Pack material, Direct Variable Labor, Energy, Other Variable Cost) and Fixed Manufacturing Expenses.- Financial Management: Responsible for month close process, manufacturing forecasting, annual budgeting and long range financial planning process.- CAPEX for Manufacturing: Assure manufacturing CAPEX spending is in line with budget and new projects are in line with business needs- Assist in identifying Key Performance Indicators (KPI’s) relevant to Strategic Planning and preparation of management reports for the overall Divisions. - Monitor and report on progress towards identified goals and objectives of the strategic plan, service improvements and best practices efforts. - Coordination with other departments to handle any escalating issues in a timely manner (Sales, Controllership, Operation, Human Resources, Tax department, Commercial, Legal, Logistic, others)Accomplishments: - Increased visibility and teamwork between category and manufacturing financial planning which resulted in savings of 1.0% of total cost directly related to manufacturing finance.- Improvement in people management leading to lower headcount cost by 40% through a more efficient structure in the area.- Cost reduction of 3.0% in powder beverage category: Green belt project leader in the category reducing cost through lower scrap

Greater Chicago Area, Il, Us

Key Activities- Financial reporting: regional support in the manufacturing month close, forecast, budget planning and long range plan for Argentina, Brazil and Colombia.- Conduct strategic planning support activities such as goals definition, target setting, identification of key initiatives Central and South America. - Identify manufacturing risks that affect profitability and growth while looking for opportunities to gain competitive advantages to reach short and long term goals- Track results through KPIs to reach strategic plan goals. - Provide Working Capital budget and forecast data in addition to analyze Working Capital variances vs Budget.Accomplishments:- Budget closing time reduced by 1 day through better process management across all the countries within LATAM.- Implementation of a new consolidated scorecard with Argentina, Brazil and Colombia.

Greater Chicago Area, Il, Us

Key Activities- Financial reporting: Financial Reporting for the beverage and grocery categories for Mexico Business Unit to local and regional finance.- Manage all aspects of month-end close for the category (assure correct sales, discounts and cost accounting and prepare insights of the month results)- Full P&L analysis for beverage and grocery categories which included volume and price variances, manufacturing results and media expenditure.Accomplishments:- Assistance in the containment strategy development for IEPS (tax that affected sugar sweetened products) which led to a revenue increase of 20%

Master Of Business Administration (M.B.A.), Business Administration And Management, General

Lic. Administracion Financiera, Finance