Francisco Vilchez Orellana

• Responsible for reviewing and optimizing existing processes across all five legal entities in South America (Colombia), Europe (UK, Spain, Germany, Malta), and the US. Successful implementation of ERP Workday Financials and HCM Workday.
• Improved internal processes and Implemented robust internal controls to mitigate risks and ensure compliance with regulatory requirements (OTC, P2P, RTR, Taxes and Payroll)
• Supervised accurate, efficient, and compliant completion of monthly financial reporting packages and reconciliations setting a risk matrix for each ledger account (
• Directed corporate decision-making and planning by monitoring and setting policies and procedures to optimize fiscal performance.
• Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards across all entities.
• Collaborated with cross-functional teams to improve overall business performance through strategic financial analysis and recommendations.
• Reduced month-end closing time by implementing efficient reconciliation processes and procedures - Risk Reconciliation Matrix
• Led and managing a initiatives within the finance and other department which resulted in increased productivity levels among staff members.
• Enhanced cash flow management with proactive forecasting and budgeting strategies.
• Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
• Improved cash flow management with rigorous monitoring and analysis of receivables and payables.

• Part of a small team dedicated to integrating newly business acquired by Corporate. Detail review on internal systems and processes, performing a strategy to integrate each of single process into the Corporate infrastructure but also assessing and reviewing any financial impact and provide remediation.
  Transition to SAP as ERP systems for the business in Sydney (Software, Subscriptions and Professional Services) from Netsuite to SAP and SalesForce. Leading plan and communications through all different peers, master data, review plan project and status update, process reviewed, training the Finance team based in Sydney in SAP/SF. Co-ordinate with Operation, Traders, Integration Project Manager, Compliance Team and IT to resolve potential issues.
  Part of the Corporate Transition Team when acquiring JustGiving UK Ltd, main competitor in the UK market (Fundraising/Donations processing). Reviewed most processes to accommodate them to the Corporate ERP system (SAP). During such process there is a detail review of the current Financials and able to identify many GAPS and proposing resolutions (One of them impacting the cashflow and claimed a material amount on VAT not claimed previously).

• Supporting and overseeing the accounting functions through the European and Australian business, improving internal processes making sure best practices are followed and establish processes
• Develop objectives of the organization in financial matters related process improvements based on different ERP’s systems and bringing “in-house” financial accounting activities, working closely with process owners and technical people to make sure ERP’s are aligned to automate different tasks
• Business located in London, travelled to Ireland, Brisbane & Sydney, working together with the local business to process improvements
• Creation and improvement of process and SOP’s in place accordingly to each of the entities as required, making sure follow the internal policy as to be SOX compliance
• Lead the Accounting/Finance team in each site and area supporting and guiding as required
• Main achievements:
• Improvement in regards SOX implementation reducing the number of gaps as per internal controls determined by internal audit team, implementing processes
• Supporting implementation of Collections as dunning the module in SAP
• Supporting revenue recognition improvement process internally making sure revenue is recognized as per contract dates implementing verifications, avoiding missbillings
• Being part of the Netsuite implementation in the Australian business working together with local team and Netsuite specialists being a bridge between current processes and technical people
• Due to extensive international wide experience considered for different projects widely through the different business.
• - Improvement in regards SOX implementation reducing the number of gaps as per internal controls determined by internal audit team, implementing processes. Supporting implementation of Collections as dunning the module in SAP
  - Supporting revenue recognition improvement process internally making sure revenue is recognized as per contract dates implementing verifications, avoiding missbillings.
  - Being part of the Netsuite implementation in the Australian business working together with local team and Netsuite specialists being a bridge between current processes and technical people.
  - Due to extensive international wide experience considered for different projects widely through the different business.

• For the 15 different warehouses through Europe and Middle East (Spain, Italy, France, UK, Portugal, Denmark, Finland, Sweden, Dubai, Singapore, Czech Republic & Hungary) As of Dec 2007 Hospira Enterprises B.V
• Owned 6 warehouses and at the end of June 2008 had 7 different locations were added as a consequence of a new business acquisition
• Directly working with Purchasing, Logistics, Demand Planning and Supply Chain to make sure stock movements are recorded timely and properly for Financial Statements to be correct
• Inventory Verification through all 15 Warehouses, either Wall to Wall counts and/or Cycle Counts (ABC listing) making sure counts are processed accordingly to Internal Policies and Process established by Hospira – all performed during 2008
• Monthly Inventory Reconciliations, with reviews through the month, between Hospira SAP Inventory system and Third Party Logistics provider to solve discrepancies accurately – only 4 locations are Warehouse Managed within Hospira Inventory system (SAP)
• Review of the stock levels through all Warehouses within Hospira, communication with Demand Planning informing them where product could be transferred to minimize physical destruction due to excess of inventory (pharmaceutical products), Managed inventory for 15 warehouses across Europe and the Middle East, implementing stock verification processes
• Led the reconciliation of inventory discrepancies, enhancing financial statement accuracy
• Promoted from Inter-company Manager to Inventory Controller, contributing to successful SOX implementation.

- Internally promoted to Inventory Controller from Inter-company Manager during 2008
- Success of SOX implementation through the company, financially and operationally
- Implement warehouse project through all different location and documenting in SOP’s
- Training subsidiaries during 2007/2008 with regards the system and Hospira Policies and Procedures traveling to the locations (Germany, Spain, Italy, UK, Sweden & Australia)
- Gain more extensive knowledge in the Inventory/Supply Chain SAP module as FICO already obtained.

• For a specific cluster (UK, South Africa, Spain, Italy and France) – previously responsible for the Iberian Cluster (5 entities in Spain and Portugal)
• Supervising a group of 4/5 accountants being responsible for all accounting related to each of the entities and reporting directly to the Finance Accounting Manager in Barcelona
• Working directly together with the Local Business making sure all daily activities are processed accordingly, responsible for GL, monthly reporting, close relationship with other departments as AP, AR, Credit and Purchasing and inventory manager in the local business
• Vendor receivables throughout the entities, rebates from vendors, to be received making sure revenue recognition is correct.
• Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
• Reconciled balance sheets and streamlined best practices for balance sheet processes.
• Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
• Reconciled accounts and created documents for monthly closure procedures.
• Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
• Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
• Prepared working papers, reports and supporting documentation for audit findings.
• Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.

• To the Director of Operations based in The Netherlands reporting to the Head of Finance in Switzerland (Head Office Located)
• Responsible for all Finance aspects of the subsidiary and Holdings affiliate based in The Netherlands from GL, AP, Sales Reporting, Revenue Recognition process.

• Led GL accounting functions for European entities, overseeing reconciliations, tax filings, and ERP system implementations
• Played key roles in SOX compliance and finance process improvements.

• For the EMEA Commercial Entities (Netherlands, Spain, UK and Ireland) having 2 Accounts Payable and 2 GL accountants reporting directly to me
• Reporting directly to the Commercial Controller and Finance Director at RHQ based in The Netherlands
• Main finance team-lead in the separation of Hospira EMEA legal entities from Abbott parent; - Gathering all local requirements and implementing them in the ERP system (SAP) - SAP Implementation in Finance, AP and HR, for the European entities - Setting up of the closing finance processes in EMEA for all commercial entities
• Prepare & maintain financial records in accordance with both local and US GAAP - Analyze & reconcile on a detail Balance Sheet accounts on monthly basis (to maintain a clean BS & P&L) - Supervision and accuracy of the monthly payroll of the EMEA entities
• Implementation and compliance with Sarbanes-Oxley (SOX 404 Compliance) - Reviewing salary information for the European entities and reconciliations
• Main contact with the Treasury Department in the Head Office in Chicago for all Treasury matters, Cash forecasting, - Intercompany reconciliations & Intercompany netting proposals on a monthly basis among all European Entities
• Preparation of all monthly taxes, Income Tax payroll related, VAT, Intrastat and payments when required for the European entities (Spain, UK, Ireland, and the Netherlands)
• Main achievements:
• Set up all finance processes related to GL monthly process from scratch obtaining large knowledge of the SAP FICO
• Implementation and testing of Payroll external interface to SAP
• Ensuring SOX 404 compliance for all EMEA entities in the short period of 4 months
• Setting up and training an RHQ Finance department to support the company in the future.

• For the emerging countries: Egypt, Dubai, Turkey and Saudi Arabia
• Responsible for the Fixed Assets of 15 European countries, additions and reconciliations
• Intercompany transactions and settlement between countries, and reconciliations

• Having 3 GL accountants reporting directly to me for the Southern/Central Region (Spain, Italy, Germany, France)
• Reporting directly to the controllers in Spain and Italy and to the Financial Manager in the SSC
• Monthly reconciliations of the Balance Sheet accounts
• Preparation and submission of the periodic fiscal/legal fillings and declarations (VAT, Intrastat, Social Security & Income Tax)
• Analyzing on a monthly basis actual vs budget explaining fluctuations
• Preparation of draft for the Annual Statutory Accounts
• Reviewing and supporting all members in the monthly close activities
• Supporting implementation of Sarbanes - Oxley

• For company of 35 employees responsible for the following activities AR, AP, Bank transactions, Payroll, VAT declarations, Income and Corporate Tax calculations and payments

• For company of 60 employees responsible for the following activities AR, AP, Bank transactions, Payroll, VAT declarations, Income and Corporate Tax calculations and payments.