Arturo Blanco, CPA
Chief Financial Officer and Minority Owner at Globalsat Group- Claim this Profile
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Bio
Experience
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Globalsat Group
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United States
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Telecommunications
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1 - 100 Employee
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Chief Financial Officer and Minority Owner
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Apr 2016 - Jun 2023
Boca Raton, Florida Globalsat Group is the first Pan-American mobile satellite service (MSS) provider. The group is an industry leader providing Mobile Satellite Services (MSS) to Latin America since 1999, with offices in the United States, Bolivia, Brazil, Canada, Chile,Colombia, Peru and Mexico as well as distributors in the Region's most important cities.
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Beachway Therapy Center
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United States
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Hospitals and Health Care
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1 - 100 Employee
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Finance Director
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Sep 2014 - Mar 2016
Boynton Beach, Florida Responsibilities: Responsible for preparing, analyzing and reporting the financial statements pertaining to seven related company entities. Provided explanations for all variances against budget and prior-year results. Prepared all accounting journal entries, account reconciliations, and created all supporting schedules. Treasury function – developed cash flow forecasting system, consolidating cash balances, identifying restricted cash and identified best use of resources (short… Show more Responsibilities: Responsible for preparing, analyzing and reporting the financial statements pertaining to seven related company entities. Provided explanations for all variances against budget and prior-year results. Prepared all accounting journal entries, account reconciliations, and created all supporting schedules. Treasury function – developed cash flow forecasting system, consolidating cash balances, identifying restricted cash and identified best use of resources (short term investments, vendor discounts, and prepayments). Responsible for maintaining all banking relationships. Developed the company’s accounting policies and several of the company’s business operating procedures and policies. Negotiated loan terms for purchasing company properties and lab equipment. Negotiated lease terms to obtain company vehicles and office equipment. Risk Management – worked with company appointed insurance brokers to obtain insurance coverage in the areas of professional and general liability, umbrella, property, office furniture, equipment and passenger transport vans. Show less
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Red Hawk Fire&Security
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United States
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Facilities Services
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100 - 200 Employee
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Sr. Manager of Finance, Planning and Analysis
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Mar 2014 - Sep 2014
Boca Raton, Florida Responsible for helping to manage all aspects of financial planning and analysis related to Annual Operating and Financial Plan, strategic plan, integration office reporting, and monthly forecasts. Interact with other finance and accounting functions. Provide the financial acumen to help support operational decision making as well as understanding the financial ramifications of any major decision and articulating potential financial alternatives and the risks or rewards of each alternative.
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Cross Country Medical Staffing Network
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Staffing and Recruiting
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700 & Above Employee
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Vice President of Finance and Planning
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Mar 2012 - Mar 2014
Company was sold to Cross Country Healthcare Medical Staffing Network is one of the largest providers of temporary per diem nursing jobs in the United States. We find exciting jobs for nurses in every possible specialty, whether you're an RN, LPN/LVN or CNA. And with offices nationwide, the only healthcare staffing agency with dedicated divisions for per diem and travel nursing, allied healthcare, pharmacy, anesthesia, clinical research and homecare staffing. Our commitment to customer service is why more than 7,500 facilities and over… Show more Medical Staffing Network is one of the largest providers of temporary per diem nursing jobs in the United States. We find exciting jobs for nurses in every possible specialty, whether you're an RN, LPN/LVN or CNA. And with offices nationwide, the only healthcare staffing agency with dedicated divisions for per diem and travel nursing, allied healthcare, pharmacy, anesthesia, clinical research and homecare staffing. Our commitment to customer service is why more than 7,500 facilities and over 40,000 healthcare professionals choose Medical Staffing Network Show less
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Brightstar Corp.
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Telecommunications
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700 & Above Employee
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Miami Controller
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Aug 2010 - Mar 2012
Brightstar is an innovative global services company that provides services and solutions and value-added distribution that enhance the performance and profitability of the three key participants in the wireless device ecosystem: device manufacturers, network operators and retailers. Miami Controller (Division Revenues in excess of USD $1 Billion) Manage staff responsible for the reconciliation of all account balances including the intercompany account balances of 17 foreign… Show more Brightstar is an innovative global services company that provides services and solutions and value-added distribution that enhance the performance and profitability of the three key participants in the wireless device ecosystem: device manufacturers, network operators and retailers. Miami Controller (Division Revenues in excess of USD $1 Billion) Manage staff responsible for the reconciliation of all account balances including the intercompany account balances of 17 foreign subsidiaries. Ensuring GAAP compliance. Ensure compliance with public reporting requirements as it pertains to Initial Public Offering (IPO) readiness status.
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Finance Operations Manager - Latin America
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Mar 2010 - Jul 2010
Promoted to Miami Controller - see above Project Leader for developing a centralize accounting center for Latin America (transferring and consolidating the accounting functions from ten countries into one). Develop and implement "standard costs accounting" policies and procedures for manufacturing facilities in Latin America. Ensure compliance to GAAP (Revenue Recognition, Asset Impairment Tests, etc.) Review and determine appropriateness of balance sheet account balances pertaining to operating subsidiaries in… Show more Project Leader for developing a centralize accounting center for Latin America (transferring and consolidating the accounting functions from ten countries into one). Develop and implement "standard costs accounting" policies and procedures for manufacturing facilities in Latin America. Ensure compliance to GAAP (Revenue Recognition, Asset Impairment Tests, etc.) Review and determine appropriateness of balance sheet account balances pertaining to operating subsidiaries in Latin America.
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Chief Financial Officer
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Apr 2008 - Jun 2009
The company was sold to Canon - U.S.A. A fully owned subsidiary of Canon - U.S.A.; Virtual Imaging is dedicated to the manufacture and sales of medical diagnostic equipment. Achievements: Ensured that the Company's financial statements were GAAP compliant in order to be purchased by Canon U.S.A. - purchase was completed in March 2009. Established the Company's first ever Budgeting system, Cash Forecasting system, Chart of Authority, Internal Control Procedures, and the Company's Code of Ethics. Improved… Show more A fully owned subsidiary of Canon - U.S.A.; Virtual Imaging is dedicated to the manufacture and sales of medical diagnostic equipment. Achievements: Ensured that the Company's financial statements were GAAP compliant in order to be purchased by Canon U.S.A. - purchase was completed in March 2009. Established the Company's first ever Budgeting system, Cash Forecasting system, Chart of Authority, Internal Control Procedures, and the Company's Code of Ethics. Improved the Company's Asset Management by identifying on a timely basis slow moving inventory requiring sales actions, as well as improving collection procedures pertaining to customer receivable account balances. Established procedures to prepare and complete the Company's financial statements within five day period subsequent to closing period, improving upon the prior closing period of fifty days. Responsibilities: Prepare Company financial statement, review and make any necessary adjusting journal entries. Reconcile all account balances to supporting detail ledgers and ensure GAAP compliance. Responsible for Treasury, Insurance and preparing Company Budgets. Taxation - File Sales and Use Tax Returns, 941's and assist in the preparation of the State and Corporate Returns. Show less
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Chief Financial Officer
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Jan 1995 - Mar 2008
Moved backed to the U.S.A. Chief Financial Officer – in assigned country locations: India, Mexico, Nicaragua, Bolivia, Bangladesh, and Indonesia. The Bata Shoe Organization is a multi-national company which manufactures a variety of men, ladies and children footwear. Sales are through company owned retails stores, wholesale and export customers. Achievements: Developed and executed business plans that turned unprofitable Companies to profitable operations. Implemented new accounting software… Show more Chief Financial Officer – in assigned country locations: India, Mexico, Nicaragua, Bolivia, Bangladesh, and Indonesia. The Bata Shoe Organization is a multi-national company which manufactures a variety of men, ladies and children footwear. Sales are through company owned retails stores, wholesale and export customers. Achievements: Developed and executed business plans that turned unprofitable Companies to profitable operations. Implemented new accounting software and restructured data capture procedures to ensure timely reporting of monthly, quarterly and annual financial results. Restructured administrative overhead to reduce workforce without disrupting company operations. Established credit sales procedures that increased Company revenues without increasing unwarranted credit risks. Discovered many irregularities at various Bata Companies, subsequently training newly appointed CFO’s to ensure that financial statements were in adherence to GAAP. Responsibilities: Last assignment, in Indonesia, responsible for the direct oversight of 75 company employees in the following areas; Accounting and Finance, Internal Audit, Investor Relations, Taxation, IT, and Legal. Review Financial statements to ensure compliance to GAAP and submit monthly financial statements to the Corporate office within established corporate calendar submission periods. Prepare management reports to explain variances between actual results vs. budgeted amounts, differences related to manufacturing, sales, cost of goods sold, expenses, interest expense, and unusual items. Analyze best use of Company assets, ensure timely collection of credit sales and review inventory levels to ensure stock turns were maximized. Show less
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Texaco
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Oil and Gas
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700 & Above Employee
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Senior Internal Auditor
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1990 - 1994
Developed programs to keep raw materials to a minimum in relation to production plan requirements. Review Company financial and operating transaction to ensure compliance to Company rules and procedures.
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Grant Thornton LLP (US)
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United States
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Accounting
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700 & Above Employee
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Tax Accountant
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1988 - 1989
Prepare Corporate and personal tax returns.
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PwC
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Professional Services
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700 & Above Employee
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Auditor
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1986 - 1987
Assisted in the audit of financial statements pertaining to a variety of companies (Health, Governmental, Manufacturing, Retail and Mortgage) in order to attest the accuracy and validity of the financial account balances.
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Education
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Florida Atlantic University
BA, Accounting -
St Thomas Aquinas
High School