Pedro Melendez

CFO Central American Cluster at FINCA Impact Finance
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Contact Information
us****@****om
(386) 825-5501
Location
Guatemala City, Guatemala, Guatemala, GT
Languages
  • Spanish Native or bilingual proficiency
  • English Full professional proficiency
  • German Professional working proficiency
  • French Elementary proficiency

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Beto Escudero

Pedro is a great finance executive , during the time we worked together in Equifax, he extraordinarily led his team, developing employee’s talent, supporting business initiatives and managing all financial duties with excellence. Additionally, he played a fundamental role during the business turnover process in Central America. His good background and his experience in world-class organizations make Pedro an exceptional professional. I strongly recommend Pedro for a finance executive position.

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Experience

    • United States
    • Financial Services
    • 100 - 200 Employee
    • CFO Central American Cluster
      • Dec 2020 - Present

      Key Responsibilities: Strategic Planning, Local and Corporate Accounting, Treasury, Financial Reporting, Budgeting and Forecasting.

    • Chief Financial Officer Nicaragua
      • Apr 2016 - Present

      Key Responsibilities: Strategic Planning, Local and Corporate Accounting, Treasury, Financial Reporting, Budgeting and Forecasting.

    • Chief Financial Officer El Salvador
      • Mar 2012 - Mar 2016

      Key Responsibilities: Strategic Planning, Local and Corporate Accounting, Treasury, Financial Reporting, Budgeting and Forecasting.Notable Accomplishments:-Lead the subsidiary´s transformation process from a loss-bearing business to a completely profitable and self-sustaining financial entity.-Supported 144% Revenue growth and increase of Gross Loan Portfolio from $5M to $12M in 3 years, including 73% Customer growth, from 4.9K to 8.5K borrowers.-Digitalization of core business, including customer files and centralized underwriting, implementation of Call Center, third party collection agents and remittance payments.-Secured existing and new sources of funding with foreign lenders to support the subsidiary´s growth and compliance of maturities; and secured the subsidiary´s first local funding in 25 years.-Migrated the subsidiary´s financial statements to IFRS standards: Accrued Interest, Implementation of Loan Loss Migration Analysis, Individual Assessment to Selected Portfolio, among others.-Improved quality of financial reporting and reduced accounting closing time from 9 to 3 days. Show less

    • Retail Apparel and Fashion
    • 400 - 500 Employee
    • Regional Finance Manager Centroamerica
      • Oct 2011 - Mar 2012

      Key Responsibilities: Strategic Planning, Regional Controllership, Treasury, Financial Reporting, Budgeting and Forecasting. Notable Accomplishments: -Establishment and implementation of the group`s financial policies. -Cash flow optimization and renewal of revolving lines of credit for $4M. -Optimization of Financial Information System. -Implementation of the group`s monthly consolidated financial statements and reporting. -Reduction of accounting closing time from 30 to 7 days. Show less

    • Regional Finance Director
      • Apr 2011 - Sep 2011

    • United States
    • Financial Services
    • 700 & Above Employee
    • Finance Director for Centroamerica
      • Sep 2006 - Feb 2011

      Key Responsibilities: Strategic Planning, Local and Corporate Accounting, Treasury, Financial Reporting, Budgeting and Forecasting, support to the execution of M&A projects in Latin-America Notable Accomplishments: -Managed Controllership activities, particularly controlling business performance and results, designing and controlling budgets and forecasts, pricing, and profitability studies, and assessing statements by USGAAP criteria and as per SOX norms. -Supported 185% Revenue growth and increase of Operating Margin in Central America from 40% to 55% during the years 2006-2010. -Supported 300% Customer growth during the years 2006-2010 keeping DSO levels low. -Optimized Cash Flow Position achieving 100% payment of dividends to Shareholders from 2007 to 2011. -Optimization of ERP Exactus, integrating all operational modules. -Improved remarkably the quality of financial reports always meeting deadlines. -M&A Projects: participated in the acquisition process of different subsidiaries in Honduras, Peru and Ecuador, conducting financial feasibility studies, due diligence processes, implementing corporate financial policies and planning in acquired subsidiaries. -Served as Acting Finance Director for the ELAM Region (Central America, Peru, Ecuador and Uruguay) from October 2009 to November 2010, with annual Gross Revenues of $60M. Show less

    • United States
    • Utilities
    • 700 & Above Employee
    • Finance Manager
      • Nov 2003 - Sep 2006

      Key Responsibilities: Local and Corporate Accounting, Financial Reporting, Budget and ST Financial Planning. Notable Accomplishments: -Lead the Sarbanes-Oxley Project Team during the implementation of Best Practices: Procurement, Revenue, Fixed Assets, Payroll, Treasury, Tax and Financial Reporting. -Implementation of U.S. GAAP standards including FAS 109, FAS 5 and FAS 133, among others, preparing memos with accounting analysis according to technical literature. -Improved quality of consolidated management control reports. -Performed restatement of AES El Salvador’s Corporate Financial Statements for the years 1998-2004. -Coordinated the issuance of Financial Statements included in the Offering Circular for AES El Salvador $300MM 6.75% Senior Guaranteed Notes (144A / Reg S). This transaction made AES El Salvador the first Salvadorian corporate to issue into the 144a market, as well as the first investment grade issue out of Central America. -Worked together in New York with Investment Bank Credit Suisse during the printer week, in order to close the information for the Offering Circular. -Served as AES El Salvador`s first Compliance Officer during search for permanent candidate. Show less

    • France
    • Oil and Gas
    • 700 & Above Employee
    • Controller El Salvador/Honduras
      • Jul 1999 - Oct 2003

      Key Responsibilities: Local and Corporate Accounting, Accounts Receivable, Accounts Payable, Billing, Fixed Assets, Financial Reporting, Budget and ST Financial Planning. Notable Accomplishments: -Lead the implementation process of the ERP, SAGE, working together with IBM France. -Implemented Corporate Financial Policies. -Implemented Management Control in El Salvador and Honduras. -Managed Controllership activities, particularly controlling business performance and results, designing and controlling budgets and forecasts. -Optimized Cash Flow Position to achieve Capital Expenditures. Show less

    • Germany
    • International Trade and Development
    • 700 & Above Employee
    • Finance Manager
      • Apr 1994 - Jun 1999

      Key Responsibilities: Financial Management of 15 development projects, Accounting, Treasury, Financial Reporting, Budgeting Process. Key Responsibilities: Financial Management of 15 development projects, Accounting, Treasury, Financial Reporting, Budgeting Process.

    • Finland
    • Telecommunications
    • 700 & Above Employee
    • Commercial Assistant
      • Jan 1993 - Mar 1994

    • United States
    • Business Consulting and Services
    • 700 & Above Employee
    • Accounting Assistant
      • Jan 1991 - Dec 1992

Education

  • Universitat Internacional de Catalunya
    MBA, International Management
    2008 - 2010
  • The Boulder Institute of Microfinance
    The Boulder Microfinance Training Program, Concentration in Digital Financial Services
    2018 - 2018
  • University of San Francisco School of Management
    Major, Specialization in Project Management
    2009 - 2009
  • Stetson University
    Major, Finance and Control Management
    2004 - 2004
  • Universidad Centroamericana 'José Simeón Cañas'​
    Licenciado, Business Administration
    1991 - 1995

Community

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