Virgilio Cardenas

Summary

Accountant and finance executive with 22 years of professional experience in diverse organizations, with strong competencies in finance, accounting, administration, and technology process. A caring and dedicated professional with proven leadership skills who builds effective and productive cross-functional relationships. Positively advance operational improvements, supporting and contributing to strategy based on principles of trust and accountability. Over the years, have played a strategic leadership role that collaborates with the Management team and the corporate office to define and develop organizational goals, strategies, and focused plans to achieve company profitability results.

Overview

22

years of professional experience

9

years of post-secondary education

1

Language

Work History

Head of Finance - Accountant

CO-NOR LLC

Eagle Pass, TX

02.2022 - 09.2023

Oil field distribution & logistics: Co-Nor LLC's provide Barite for oil & gas exploration. The company is based in Eagle Pass, Texas and have a Mexican Company in Piedras Negras, Coahuila as a part of the Corporate that provide the material that is send from Mexico like importation and sent to the clients directly in Texas State.
Directly responsible for Accounting, Finance and Payroll activities.
Immediate responsibility for internal control, and import – export.
Responsible of report results of both companies to the owner directly at corporate office in San Antonio, Texas, USA.
Forecasted trends and recommended improvements based on financial risk analyses.
Analyzed financial statements against forecasts to prepare high-level variance analysis.
Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
Enhanced internal control systems and procedures to mitigate risk and support opportunities.
Introduced software tools and process improvements to mitigate loss and drive operational growth.

Controller and Finance Manager

Nacional De Cobre S.A.

San Luis Potosí, México

06.2020 - 02.2022

Nacobre is one of the most important corporations in Latin America dedicated to manufacture, marketing and distribution of Copper and its Alloys products
Responsible for Internal Control, Accounting and Finance as well as IT for the plant location San Luis Potosí
Reported results of the company to Controller and Finance Director, located in corporate offices of Mexico.
Refreshed financial management strategy through a program that increased engagement from employees and implementation of best practices in financial controls, internal auditing process, sharing the purpose of company with the associates and generate an open communication in all departments, to increased employee engagement through a clear definition of roles and responsibilities.
Defined and administered procurement processes based on leading market practices to meet the requirements of stakeholders in our corporate offices, which led to better purchasing leverage and savings of 5% for 2019 budget.
Updated inventory control and audit process of two Mexican facilities with corporate offices with value of inventory is of $10 and $16 million dollars in each entity, achieving savings of $350,000 dollars compared to last year inventory and reducing exposure and waste by more than 3%
Achieved savings of 4% through implementation of standardized export materials applying a long-term contract with supplier of most used components on production floor.
Accurately completed financial statement audits and thoroughly reviewed results.
Reviewed documents and data to give accurate presentations and forecasts to upper management.

Finance Consultant

TPN Materiales.

Piedras Negras, Coahuila

07.2018 - 06.2020

I provided permanent consulting on areas of finance, administration, and human resources to construction company, located in Piedras Negras, Coahuila.
Developed various business models to forecast operating expenses and revenue based on market conditions.
Trained new employees on accounting principles and company procedures.
Classified and analyzed risks and investments to determine potential impacts on companies.
Developed financial strategies by guiding client to establish financial goals and matching goals to appropriate financial plans.
Provided financial management information by preparing financial status analysis and reports.

Financial Controller

Utility Trailer Manufacturing De México.

Piedras Negras, Coahuila

06.2016 - 07.2018

Responsible for Accounting, Finance and Human Resources (Payroll) activities.
Directly responsible for end-to-end processes including internal control, imports and exports, IT, and social and business communication.
Reported directly to Director of Manufacturing at Corporate headquarters in California, USA
Established a roadmap for implementation of corporate strategy, which involved a clear definition of processes, people’s roles and responsibilities and tools to create a new culture of leadership and trusted workers and employees in a new plant outside of U.S for the company
Based on leading-market practices, established import/export processes of products and materials according with Maquiladora program (IMMEX).
Achieved 10% cost efficiency against benchmark through a combination of engagement and process control.
Led accounting, fiscal and auditing process of Mexican entity with corporate office and consultant PWC through adequate controls and procedures, achieved 20% decrease of overall accounting costs based on benchmarks, within 1st year of operations.
Established end-to-end procurement processes based on documented requirements of corporate offices achieved zero-error rating within first 2 months.
Negotiated healthcare benefits program with our providers resulting in significant increase in benefits to our employees without corresponding increase in costs.
Established harmonized levels, titles, and compensation through assessment benchmarking in alignment with industry standards.
Led requirements rationalization and analysis as well as the implementation and validation of Microsoft Dynamics AX, new system for Mexico Plant through an engagement with Union workers inside of the company.
Created an additional benefits plan to increase production month by month to reach 60% increase on annual production, this benefit plan was based on a production bonus directly related with production daily and weekly.
We started with 6 finished good by day in a month to reach 10 finished good in a day in end of year.
Through series of engagement and team building exercises, established a culture of accountability, better defining roles and responsibilities, culture of harmony and support amongst employees.
Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.

Manager of Administration and Finances (Controller)

Minera Del Norte S.A - AHMSA

Durango, Durango México

03.2008 - 05.2016

Responsible for administration of Company providing financial information to Director of Finance as well as management group to corporate office.
My area of responsibility was integrated with accounting, costs, sales, purchase, and warehousing, computing as well as general services.
I was part of group of internal control of firm at corporate level integrated in area of opportunities which is focused on reduction of costs and general corporate control.
Optimized annual direct budget of US$25M by creating operational efficiencies, increasing productivity, and reducing costs by 5% through negotiation of leases and consolidating and rationalizing procurement.
Established culture of trust and accountability that has allowed our employees to unify with shared sense of purpose, enabling them to develop their full potential, trough teaching leadership model based on trust, created a vision, implemented strategy, and continue the performance to solve problems and grow in the company.
Created an enhanced results model that significantly improved the effectiveness of local management, improved communications, collaboration, and accountability, shared strategy, build trust trough feedback and direct communication with the employees to be a leader to follow.
Increased engagement and morale within the organization, with particular emphasis on training, education, and effective performance management by establishing trust-based policies and procedures and an achievements-based rewards and recognition system.
Optimized the cash flow with an implementation of win-to-win relationship with suppliers to apply payments with an external financial institution (factoring) and reducing costs by 3% through negotiation of advance payment with less cost for the company.
Established workflow processes, monitored daily productivity, and implemented modifications to improve overall performance of personnel.

Financial information Manager

American National De México - Insurance Company

Monterrey, Nuevo Leon, México

07.2005 - 12.2007

I provided financial information to tController and corporate management board in Monterrey, Nuevo Leon as well as Galveston, Texas office.
Performed revision and control of expenses in compliance to the Budget, analysis of finances, accounts payable control of assets and maintained relations with external auditors for compliance with SHCP and CNSF (National Commission of Insurance and Finances).
Established an enhanced results model that significantly improved the effectiveness of local management, improved communications, collaboration, and accountability.
Revised and presented to financial board a model with variances of expenses by month of annual direct budget of company to create operational efficiencies and implemented alternatives to reducing costs.
Optimized operational budget with an implementation of month results meeting with sales and finance departments to apply cost reduces, goal year by year was 3% to 5% of less cost in sales expenses and total costs for the company.
Complied with established internal controls and policies.

Internal Auditor

Dal-Tile México - Ceramics Industry/Tiles

Monterrey, Nuevo Leon, México

07.2001 - 07.2005

Implement and maintain internal control as well as create new processes and improve existing financial tools to comply with the administrative controls of the Company.
I succeeded in implementing control over the treasury department, sales as well as control over the warehouse/inventory of finished product, replacement part and raw materials as well.
I designed, in collaboration in various areas administrative controls in various areas of new facilities with the end goal of reducing expenses.
Created and implemented process of auditing and controls for the manufacturing areas to obtain information of costs and operational expenses.
Improvement of the periodic physical inventory with the warehouse management group and the auditing team to obtain the data faster and with efficiency to have better information to make decisions for the purchasing area.
Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
Developed auditing program to address risks and evaluate regulatory requirements.

Education

MBA - Business Administration And Finances

Universidad TecMilenio, Monterrey, Nuevo Leon México

04.2006 - 04.2010

Public Accountant And Auditor - Accounting

University of Monterrey, Monterrey, Nuevo León México

01.1998 - 05.2003

Skills and Accreditations

Thesis: Sarbanes-Oxley - SOX

Skills

Financial Management

Accounting

Budget Analysis

Financial statements expertise

Tax law understanding

Bookkeeping

Cash Flow analysis

Administrative support

Costs analysis

General ledger accounting

Account Reconciliation

Organizational skills

Financial analysis and reporting

Budget forecasting

Staff Management

Cost control and reduction

Additional Information

Associate Professor of master’s degree classes in the areas of finance, accounting, administration, and economics. Universidad Autónoma del Noreste (UANE) 2019.

Universidad Tecmilenio (TecMilenio University) Part of Tecnologico de Monterrey system. (Nov. 2011 to Nov. 2013).

Universidad Autonoma de Durango (2010 – 2011)

Member of IMEF (Mexican Institute of Financial Executives) Division Durango, member of the Consulting director board. (2012 – 2014).

The seven habits of extraordinarily successful people presented by Franklin-Covey. March 2011

Course of: “4 Effective Disciplines” Presented by Franklin-Covey. (October 2011).

Course of: “The Leadership of Great Teams.” Presented by Franklin-Covey. (June 2012).

Software

SAP, QuickBooks, Oracle, Contpaq

Timeline

Head of Finance - Accountant - CO-NOR LLC

02.2022 - 09.2023

Controller and Finance Manager - Nacional De Cobre S.A.

06.2020 - 02.2022

Finance Consultant - TPN Materiales.

07.2018 - 06.2020

Financial Controller - Utility Trailer Manufacturing De México.

06.2016 - 07.2018

Manager of Administration and Finances (Controller) - Minera Del Norte S.A - AHMSA

03.2008 - 05.2016

Universidad TecMilenio - MBA, Business Administration And Finances