SUMMARY
Armando has managed interdisciplinary working teams in finance, project planning & cost control improving operations, potentiating communication and savvy negotiations. Developed new business for companies, achieved synergies, headed projects financial crystallization, challenged and supported decision makers, optimized outputs through asset and resources allocation, even during cash flow shortages, tight schedules, & multiple requirements. High numeracy skill & able to connect parts to build solutions or create new ones. Planned & organized fast learner delegated & demanded results, continuous training & incorporating new tools. Work under pressure. IT’s literate. English: fluent. Spanish: native.
PROFESSIONAL EXPERIENCE
Oct-13 / Jul-15 Independent Professional - Volunteered. Dunamis, Venezuela - Contractor.
Planned & budgeted labor costs (payroll & termination benefits) on construction activities assuring security protocols & regulations, mitigating risks, law changes cost impacts, and ensuring work’s planned schedule compliance.
Jul-13 / Oct-13 Planning & Cost Control Advisor. CMB, S.A. de C.V., Mexico- Consultant.
ü Improved estimation cost’s accuracy in Perforation & Termination of Exploratory Wells reducing deviations from 37% to below 10%. Leaded team (3) elaborating Methodology Guide for Pemex including process design tools, managing cost improvements for Pemex IT platform data management. Normed frame, official flow chart and key drivers.
Jan-13 / Jul-13 Cost Control Officer. Servizi Energia Italia, S.p.a. (Saipem’s branch), Venezuela- Contractor.
ü Surpassed on time funds receipt (Euros 33.4 million) endowing continuous construction progress, by active invoicing professional fees, reimbursable costs, procurement, custom duties & documents for billing service report invoicing to client. Surmounted procurement delays, controlled contract construction progress, challenging subcontractor & client for project “Procurement & Construction of Import & Export Piping for 2012 Early Production Phase” - Petrojunin.
Jul-12 / Jan-13 Cost Controller. Tesint, Venezuela - Agency.
Managed service supply contract, forecasted, monitored & controlled Professional Fees, Reimbursable Costs and Construction Activities, budget, costs & weekly report advances for Saipem’s project “Procurement & Construction of Import & Export Piping for 2012 Early Production Phase” - Petrojunin, for approx. USD 33.4 million euros local portion.
Aug-08 / Sep-09 Senior Project Cost Engineer. Tecnicas Reunidas, S.A, United Arab Emirates.- Contractor.
ü Managed budget estimates, Project Manager (UAE) & Corporate Management (Madrid) communications, material, equipment & labor costs reports of Tempor. Facilit. & Running Costs of contracts ensuring OSHA compliance, progress, & reduced impact fast-tracking 1 of 3 months piping delay in Schedule Histogram Manpower (900,000 M-H).
ü Managed deviations, assessed change orders, claims, fmr, fewos, vowd, from subcontractors/vendors, assisted planning team (12), procurement (3), Subcontract team (4), and leaded finance team(2) in invoicing, controlling subcontractor companies (20) during expansion of Borouge2 Offsite Util. & External Intercon. (USD 1,234 million), Ruwais, UAE.
Dec-06 / Oct-07 Deputy Manager. Centro Yamaha del Zulia, Venezuela - Sales.
Increased sales by 23% systematizing inventories control management (7,000 items), and applying available cash flow more efficiently ensuring availability of higher rotation inventories, on Yamaha marine-motorcycle-agricultural lines. Managed accounts payable, budget, cost, cash and banks. Increased 27% maintenance services line earnings.
Oct-06 / Dec-06 Financial Consultant. Atar Corporacion, C.A., Venezuela - Production Plant.
Analyzed bottling services operations in plant for Yukery’s juices – Pepsi-Cola Group. Applied Lean Management and Activity Based Costs, value added chain, assets administrations & recommended actions in view of renew or finish contract for bottling services with Pepsi-Cola Group. Advised on bottling own juice to increase earnings and growth.
Jan-05 / Aug-06 Financial Consultant. Gilberto Perez F. & Asociados, Venezuela - Consultant.
Analyzed strategic planning, internal control procedure, risk assessment & financial analysis improving operation through business plan developed for an automotive business dealer. Improved forecast, budget, expenses, & system report.
Jan-01 / Apr-03 Senior Project Control Manager. PDVSA, Venezuela - Oil & Energy.
ü Managed financial investments control (USD 700 million/year), by planning, budgeting, and accurate costs estimation to schedule & request opportune shareholder’s cash calls needed by Petrozuata-PZ, Cerro Negro-CN, Hamaca-HA, & Sincor Joint Venture. Included valuation of structures handled to reduce transaction costs on Bonds and Bank Facilities (Senior Project Debt), e.g. reducing risks related to lending directly to the Project (future cash flow as guarantee). Built truthful project supported by partners. Debt Service Reserve Account used to ensure compliance with lenders payments.
Managed communications & approvals from Planning Management, PDVSA’s Corporative Finance Dept., J.V. directors, presentations to government & maintained cost effective execution and resources allocation. Successful audited.
Oct-99 / Jan-01 Project Control Manager. PDVSA, Venezuela - Oil & Energy.
ü Headed issue & ensure of proper control documents, progress curves, cost reports & cash flow needs. Managed forecast plan, contracts cost deviation, professional fees, progress, budget, & optimized outputs allocating resources. Leaded support to IT Dept. and created Intranet incorporating tools and information, to document and automate processes.
Managed cash flow shortages and fulfill of Exhibit’s conditions on signed contracts sourcing free cash for capex at lower cost. Presented results to project teams on cost control methodologies used during monitoring PZ’s J.V. as training.
Jun-97 / Oct-99 New Business Manager. PDVSA, Venezuela - Oil & Energy.
ü Managed financial valuation of solid handling (exportable coke & Sulphur byproducts) facility assets sharing, between different J.V. (PZ, Sincor, CN) through options of Take or Pay’s tariffs, achieving synergies for about USD 50 million.
ü Managed valuations to obtain financial market’s loan (USD 900 million) for Cerro Negro’s J.V.
ü Managed financial valuation and operation simulations for PZ’s & Sincor’s J.V. with First Nat. Bank of Boston, Chase Manhattan Bank, and tax advisor. Improved PZ’s J.V. return (above 10%) on preoperational phase, making it feasible.
ü Leaded negotiation with Energy Ministry’s Department of royalty formula to apply (1%-16.7% on preoperational phase) to assure (PZ) & conform new business (Sincor, CN, HA) with Oil majors investing through J.V. structures.
Managed technology financial valuation options (“Delayed Coker” or “HDHC” ) for upstream & downstream & achieved production approval increase for PZ’s J.V. considered capex, opex, deprec., royalty, inc. Tax, VAT, diluents, & debt.
Prepared Economic and Technical 1998-2007 Business Plan for new Joint Venture’s projects Sincor, CN, Hamaca.
Apr-96 / Jun-97 Investment’s Manager.Maraven, S.A. (PDVSA’s subsidiary), Venezuela - Oil & Energy.
Managed investment options and allocated funds from “Maraven’s Employees Saving Fund”. Managed portfolio for USD 30 million ensuring liquidity, high return at low risk, even under national banking crisis closing operations for bankruptcy.
Feb-95 / Apr-96 Credit Risk Manager.Maraven, S.A. (PDVSA’s subsidiary), Venezuela - Oil & Energy.
ü Leaded international credit report services improving customer’s financial strength portfolio. Reduced portfolio’s time span of updated customer financial analysis, from more than three (3) years to two (2) (boosted 35%).
Managed customer’s portfolio & defined credit limit, and finance instrument to guarantee receipt of funds from Oil sales.
Feb-92 / Feb-95 Documentary Credits Manager.Maraven, S.A. (PDVSA’s subsidiary), Venezuela - Oil & Energy.
ü Managed Treasury operations - payable and receivables improving on time documentary credits receipts from 85% to 92%. Managed international customer and banking relations. Defined credit limits, and advised commerce department.
Jun-91 / Feb-92 Supply Logistics Executive. Maraven, S.A. (PDVSA’s subsidiary), Venezuela - Oil & Energy.
Assured national supply of Oil products and supplied exportable volumes to international markets.
Feb-87 / Sep-89 Piping Design/Stress Engineer. Venezolana de Proyectos Integrados, C.A. - Consultant.
Designed piping layout ensuring proper stress analysis connections to equipment refineries (Pto. La Cruz, Cardon), main plants (Interalumina) & its facilities (Golf Club’s water supply). Air Conditioning Design for offices at Cloro-Soda Plant.
STUDIES: MBA-Finance CFA/FRM Apr-91 IESA: http://www.iesa.edu.ve/English/ [1] (AACSB-AMBA-EQUIS) Mechanical Engineer Feb-87 USB: http://www.usb.ve/ [2]
COURSES
· Project Manag. Primavera P6 R.7 + Advanced (3 + 2 days). Sep-2011. ENIAC/ORACLE.
· Activity Based Costs (3 days). Jul-2002. CIED.
· Round Tables of Negotiation (3 days). Jun-2000. CIED.
· Managing Control and Value Creation (5 days). Sep-1999. CIED.
· Managing. Intnl. Joint Ventures & Negotiations (3 days). Jan-1997. MICHIGAN’S UNIVER. BUSINESS SCHOOL.
· Financial and Economic Evaluation of Projects (4 days). Nov-1997. CIED.
· International Negotiation (2 days). May-1997. CEVECICA.
· Supervision (4 days). Feb-1997. MARAVEN.
· Import formalities (2 days). Nov-1997. INTERGERENCIA, C.A.
· Export/International Project Finance (4 days). Dec-1996. EUROMONEY.
· Focusing the transformation (2 days). Oct-1996. MARAVEN.
· Effective Negotiation (2 days). Sep-1996. CEVECICA.
· Basic Facilities of Integrated Windows. (24 hours). Jun-1996. MARAVEN.
· Credit Analysis (16 hours). Nov-1995. SOFTLINE CONSULTORES, C.A.
· Risk Management (2 days). Jan-1995. J. ARON (Subsidiary of “GOLDMAN SACHS”).
· Oral Presentations (24 hours). Jun-1994. CEPET.
· Documentary Credits and changes to Intnl. Rules ICC 400 (4 days). Nov-1993. BLADEX BANK, PANAMA.
· Basic Supervision (16 hours). Sep-1993. CEPET.
· Stock Markets (3 days). Oct-1992. PROADIESTRA.
· Piping Design (consulting engineer-60 hours). Apr-1989. VEPICA.
· PERT-CPM (consulting engineer-16 hours). May-1988. VEPICA.
· Flexible Elements for Piping ( 1 day). May-1988. DINATECNICA DE SAO PAULO, BRASIL.
Massive Open Online Courses - MOOC
· The Analytics Edge: MITx-15.071x. Sep-2015. MIT.
https://verify.edx.org/cert/1d76075578cb4e7b8846ce9e178935c9 [3]
Data Analysis: Take it to the MAX(). June-2015. DelftX.
https://verify.edx.org/cert/64f6616c027648c68e02fcc4e7d3f2cb [4]
· Introduction to Bioconductor. May-2015. HarvardX.
https://verify.edx.org/cert/9d27ed6ffc264341b60d75ae2d788c13 [5]
· Advanced Statistics for The Life Sciences. April-2015. HarvardX.
https://verify.edx.org/cert/3e45e7a214c445119b6f307938fb8920 [6]
· Introduction to Linear Models and Matrix Algebra. March-2015. HarvardX.
https://verify.edx.org/cert/955e5ad014c94bc3b3b1b300a6702f74 [7]
· Statistics and R for The Life Sciences. Feb-2015. HarvardX.
https://verify.edx.org/cert/7c90b0c7d69d495588ce69db4661df36 [8]
· Foundations of Data Analysis. Feb-2015. The University of Texas.
https://verify.edx.org/cert/8c37f03d596d4465b301cb44aa066453 [9]
Further information:
Member of Collegiate Engineering’s of Venezuela – CIV No. 56.164.