Reinaldo Gutierrez Email & Phone Number

Caracas, Distrito Federal, Venezuela

Caracas, Distrito Federal, Venezuela

Caracas, Venezuela

By January 2020, Del Sur was the most profitable Bank in Venezuela. As an advisor to the Chairman, my role consisted in finding threats and opportunities for the Bank and figuring out solutions to ensure the Bank's profitability over time. One of the opportunities detected was the early detection of a multicurrency environment in the economy which allowed the bank to develop products for their clients ahead of the competition. Nowadays the Venezuelan economy manages more than 50% of its financial transactions in currencies different from the bolivar. In this role coordinated the Bank's budget for the fiscal year 2020. It included proforma financial statements on a monthly basis reflecting the strategic and financial goals set for each business unit.

Barquisimeto, Estado Lara, Venezuela

Bel Corporation is one of the largest industrial conglomerates in Venezuela with interests in agriculture, livestock, meat, automotive, services, and construction. My role was to find risks and opportunities associated with decision-making about investment projects and allocation of financial resources, within an environment of hyperinflation and highly uncertainty that involved economic and political risks.I developed a framework that allowed the corporation to determine the inflation and risk-adjusted profitability of its different business units to focus on the most profitable and maximize its capital and cash flow and write off businesses with poor performance or non-strategic alignment. I explored options to raise money in Capital Markets for financing the corporation's working capital.

Caracas, Venezuela

Designed an indicator that helped the Bank to achieve an ROE of more than 2.000% which ranked Bancrecer as the most profitable bank in Venezuela for 2018. The indicator combined the average balance of clients’ deposits and their credit line within the bank to choose the top 200 clients on which to focus commercial efforts.I also led the Bank's OFF-SITE which is the annual Strategic Planning event where goals, projects, and the business plan are set.Reduced more than 90% of the overhead expenses related to the credit documentation process in Bancrecer through the implementation of electronic signatures on the contracts.

Caracas, Venezuela

Responsible for the liaison between the CEO and the C-level executives (Management Committee) for the follow-up of the execution and fulfillment of the strategic plan.

Caracas, Venezuela

Designed a management indicator application for the Banking industry on Oracle´s suite for Business Intelligence. The application has six modules and more than six hundred indicators that allow making decisions with less uncertainty.

Caracas, Venezuela

Saved $10 MM in frauds and cloning expenses for Banco de Venezuela through the implementation of notification alerts to client’s credit and debit card transactions. This initiative was the result of the analysis of causes of frauds and cloning among the Bank´s clients with and without notification alerts. Later this initiative was adopted as mandatory for all the banks in the VenezuelaOptimized the reporting process reducing 2 days the bank’s monthly closing.Developed and implemented a financial model to evaluate new business initiatives that increased the profitability of key customers by 25%.Uncovered hidden administrative costs for a value of US$50MM which reduced expenses for fiscal year 2008.Identified opportunities that increased client’s profitability by 10%.Created the Office of budget of the bank to comply with the new status as a State Enterprise. Managed the Bank's Data Warehouse to monitor the business and promote productivity improvement projects.Led the ISO 9001 certification project of the Vice Presidency to ensure the quality and validity of the information and reports produced in the area.

Mba, Business Administration

Activities and Societies: Tesorero del Comité Organizador del Festival Panamericano en el Campus Francisco de Sola de Managua, Nicaragua

Licenciatura En Contaduría Pública, Contaduría Pública

Activities and Societies: Miembro Principal del Consejo de Escuela en representación de los estudiantes