Edgar Alfaro
Princeton,NJ
Summary
Dedicated Audit Professional offering international experience and history of driving change to increase efficiency and manage risk. Supported multimillion-dollar, SEC companies and corporations, implementing new financial management software, and leading junior staff. Manage inventory costs to increase profits. Brings strong process orientation to improve operations and commitment to mentoring staff. Bilingual in English and Spanish. Open to travel.
Professional audit specialist with strong background in financial analysis, risk assessment, and compliance. Proven track record in leading audit teams, ensuring accuracy, and delivering actionable insights. Valued for adaptability, dependability, and clear communication. Skilled in data analysis, internal controls, and fostering collaborative environments to achieve goals.
Overview
25
25
years of professional experience
1
1
Certification
Work History
US Controller
Berlitz Languages Inc.
Princeton, NJ
06.2025 - Current
- Mentored team of 10 members in accounting, accounts payable and receivable operations best practices, fostering a positive work environment and professional development opportunities
- Directed financial reporting processes, ensuring compliance with corporate standards and regulations.
- Managed budgeting process, aligning departmental budgets with organizational goals and monitoring performance against targets, as a result, the company achieve an improvement of 35% on deviations against budget
- Accurately completed financial statement audits and thoroughly reviewed results.
- Played key role in strategic planning sessions, offering insights based on financial analysis and projections.
- Led budgeting and forecasting initiatives, aligning departmental goals with organizational objectives.
- Prepared detailed variance analyses on a monthly basis, enabling more effective tracking of actuals versus forecasted figures.
- Implemented cost-saving measures, identifying inefficiencies and reallocating resources to achieve optimal results.
- Developed comprehensive financial models to support management in forecasting and scenario analysis.
- Improved financial decision-making, providing executive team with detailed reports and analysis on financial performance.
- Enhanced accuracy in financial forecasting by meticulously analyzing past trends and market conditions.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
- Oversaw accounts payable operations with $4.5 M in monthly expenses.
INTERNAL AUDIT SENIOR LEAD
Fiserv Inc
Berkeley Heights, NJ
01.2022 - Current
- Direct and supervise IT and Compliance Audits across 6 operating segments ensuring adherence to company and statutory standards. Design and Execute audit testing programs. Identify risks and dependencies. Analyze testing results and recommend changes to existing control documentation to meet process requirements and ensure compliance with regulatory standards. Direct team member's work efforts, ensuring quality and timely work products. Coach and contribute to the continuous professional development of team members. Provide training to team members, on topics including Encryption, Cloud Environment, Identity and Access Management, Software Development Life Cycle, Business Continuity Management, and FCPA standards.
- Contribute with the harmonization of audit programs for standard areas. Achieving efficiencies that reduce audit duration by 10%.
- Drive integrated assurance with first and second line to improve relationships and efficiencies between process owners and risk management to reduce the SLA for issue remediation by 2 weeks.
- Built and maintained a trust-based relationships with all relevant internal stakeholders and partners to ensure a smooth progress of audit engagements.
RISK MANAGEMENT MANAGER
Berlitz Corporation
Princeton, NJ
01.2017 - 01.2022
- Evaluated and assessed financial reporting internal controls. Coordinated Compliance Audits of 8 worldwide operating units according to company and statutory standards. Designed and implemented detailed business process plans. Identified specific risks and weaknesses. Recommended changes to existing systems of internal controls to meet regulatory compliance standards. Examined existing control documentation and implemented changes to meet process requirements and ensure compliance. Participated in yearly corporate risk assessments of control environment. Provided compliance training to operating units, including Anti-fraud, Anti-trusted and FCPA standards. Managed $180K budget.
- Over 3 years reduced number of control deficiencies from 14 down to zero
- As a native Mexican applied cultural understanding of business practices in Latin America to improve relationships and efficiencies between local and corporate management
- To reduce gaps in controls, designed and delivered training across South and Latin America on Anti-Fraud, Anti-Trust, and FCPA standards, increasing employee confidence and performance
- After an internal audit review, corrected sales miscalculations, saving the company $185K
INTERNAL AUDIT MANAGER
Grupo Mexico, S.A.B. DE C.V. - Infrastructure Division
Mexico City, Mexico
01.2014 - 01.2017
- Managed team of 10 Auditors and staff. Coordinated Financial, Operational and Compliance Audits for the company's construction, oil and gas, and power markets. Conducted Strategic Audits. Collaborated in development of new Internal Control System based on COSO 2013 framework. Managed ~$5M budget.
- Increased the value of shares for the Infrastructure division by implementing the COSO 2013, which helped company to maintain a good internal control environment
- Changed the internal audit methodology from just a numbers approach to a real risk assessment which helped assure performance reliability and maximize resources
INDEPENDENT CONSULTANT – FINANCIAL PLANNING
Grupo Mexico - Minera Mexico
Princeton
01.2009 - 01.2014
- As established legal residency and employment in the U.S., performed financial planning for former employer. Analyzed budget and reports. Prepared final White Book Report review.
- Achieved Moody's highest credit score by preparing 20-year projections for loans and documents
- Mentored junior consultants, fostering professional growth and knowledge sharing within the team.
FINANCIAL PLANNING, PRODUCTION COST, & METALLURGICAL INFO. MGR.
Grupo Mexico - Minera Mexico
Mexico City, Mexico
01.2007 - 01.2009
- For subsidiary of Southern Copper Corporation managed team of 4 to analyze budget for 15 subsidiaries generating $3.5B annually. Presented monthly forecast and additional deliverables - balance sheet, P&L, cash flow, capital expenditures, and sales reports. Provided management with details to facilitate informed decision making. Conducted analysis of budget versus actual results and actual results versus prior periods. Identified variances and provided analyses to Board. Consolidated and analyzed financial information to determine cash flow and breakeven point. Monitored and analyzed metal prices and created long-term financial projections. Prepared SEC Filings. Accounted for price fluctuations of raw materials in U.S. and foreign stock exchanges and provided banks with annual financial reports.
- Shortened time for production book close from 5 days down to 2, saving time, money and increasing efficiency
- Led implementation of Profitability Planning System for organization's Operation Cost Control
FINANCIAL CONSOLIDATION ASSOC. MANAGER & HYPERION ADMINISTRATOR
Grupo Mexico - Minera Mexico
Mexico
01.2006 - 01.2007
- Managed team of 2 Accountants and coordinated 7 different Controllers. Led implementation of Hyperion system, replacing previously time-intensive Excel work with more efficient process. Provided technical support to end users. To prepare corporate financial statements used Hyperion to prepare and consolidate financial information for all subsidiaries in accordance with U.S. GAAP. Calculated deferred income tax assets and liabilities in keeping with FAS 109 requirements. Analyzed intercompany transactions, assessing completeness and validity of intercompany balances. Collaborated with co-workers on special projects. Provided the Board with better reports for informed decisions. Maintained and provided information related to internal and external audits.
- Reduced costs and 2-month audit efficiency by 1 to 2 weeks
INFORMATION TECHNOLOGIES ASSOCIATE MANAGER
Grupo Mexico - Minera Mexico
Mexico
01.2005 - 01.2006
- Integral member of Hyperion Implementation Team and trained end users, achieving successful and timely transition to new system.
- Enabled availability of multiple financial statements allowing financial consolidation and reconciliation between U.S. and Mexican GAAP concurrently by designing Visual Basic rules
- Increased system's capabilities by creating financial working paper templates in Hyperion Smart View and designed financial reports in Hyperion Reports tool
SENIOR AUDITOR
Deloitte & Touche LLP
Mexico City, Mexico
01.2003 - 01.2005
- Audited global companies in communications, metallurgical, and mining industries. Supervised and coordinated execution of audit program, interacting with client personnel and communicating with client management regarding progress and need for further involvement. Oversaw activities of ~7 Analysts and 1 Senior Analyst. Conducted SOX audits. Prepared and submitted tax filings. Prepared, consolidated, and reviewed financial statements under Mexican GAAP, U.S. GAAP, and SEC requirements in connection with 10-K and 10-Q filings. Coached team members to improve performance. Researched accounting standards - due diligence, foreign currency translation under FAS 52, deferred income taxes under FAS 109, and reconciliation between U.S. and Mexican GAAP. Reviewed implementation of SOX 404 and 302 processes for global companies including Grupo Mexico and Grupo Condumex, validating control matrices and testing plans.
- Ensured client compliance with local government requirements
ASSISTANT ANALYST
Deloitte
Mexico
01.2002 - 01.2003
Education
BACHELOR - Accounting
Escuela Bancaria Y Comercial
Mexico City, Mexico06.2002
Skills
- US GAAP
- Corporate Financial Planning & Analysis
- COSO 2018
- Governance
- Cybersecurity
- International Financial Reporting Standards (IFRS)
- Enterprise Risk Management ERM
- Audit preparation
- OpenPages
- NetSuite
- SalesForce
- Business Intelligent Systems
- ServiceNow
- Hyperion Tools - Financial Management, Profitability Planning System
- TeamMate
- Excel, Word, Vizio, PowerPoint
Affiliations
- Information Systems Audit & Control Association (IASACA) - Member
- Institute of Internal Auditors (IIA) - Member
Certification
COSO Certification, Internal Auditor Institute
Languages
Bilingual in English and Spanish
Timeline
US Controller
Berlitz Languages Inc.
06.2025 - Current
INTERNAL AUDIT SENIOR LEAD
Fiserv Inc
01.2022 - Current
RISK MANAGEMENT MANAGER
Berlitz Corporation
01.2017 - 01.2022
INTERNAL AUDIT MANAGER
Grupo Mexico, S.A.B. DE C.V. - Infrastructure Division
01.2014 - 01.2017
INDEPENDENT CONSULTANT – FINANCIAL PLANNING
Grupo Mexico - Minera Mexico
01.2009 - 01.2014
FINANCIAL PLANNING, PRODUCTION COST, & METALLURGICAL INFO. MGR.
Grupo Mexico - Minera Mexico
01.2007 - 01.2009
FINANCIAL CONSOLIDATION ASSOC. MANAGER & HYPERION ADMINISTRATOR
Grupo Mexico - Minera Mexico
01.2006 - 01.2007
INFORMATION TECHNOLOGIES ASSOCIATE MANAGER
Grupo Mexico - Minera Mexico
01.2005 - 01.2006
SENIOR AUDITOR
Deloitte & Touche LLP
01.2003 - 01.2005
ASSISTANT ANALYST
Deloitte
01.2002 - 01.2003
BACHELOR - Accounting
Escuela Bancaria Y Comercial