Pedro Melendez
CFO Central American Cluster at FINCA Impact Finance- Claim this Profile
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Spanish Native or bilingual proficiency
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English Full professional proficiency
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German Professional working proficiency
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French Elementary proficiency
Topline Score
Bio
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.
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.
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.
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.
Experience
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FINCA Impact Finance
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United States
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Financial Services
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100 - 200 Employee
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CFO Central American Cluster
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Dec 2020 - Present
Key Responsibilities: Strategic Planning, Local and Corporate Accounting, Treasury, Financial Reporting, Budgeting and Forecasting.
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Chief Financial Officer Nicaragua
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Apr 2016 - Present
Key Responsibilities: Strategic Planning, Local and Corporate Accounting, Treasury, Financial Reporting, Budgeting and Forecasting.
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Chief Financial Officer El Salvador
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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
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Nine West Group
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Retail Apparel and Fashion
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400 - 500 Employee
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Regional Finance Manager Centroamerica
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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
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Outsource Centroamerica
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El Salvador
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Regional Finance Director
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Apr 2011 - Sep 2011
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Equifax
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United States
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Financial Services
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700 & Above Employee
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Finance Director for Centroamerica
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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
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The AES Corporation
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United States
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Utilities
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700 & Above Employee
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Finance Manager
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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
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TotalEnergies
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France
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Oil and Gas
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700 & Above Employee
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Controller El Salvador/Honduras
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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
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Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
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Germany
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International Trade and Development
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700 & Above Employee
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Finance Manager
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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.
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Nokia
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Finland
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Telecommunications
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700 & Above Employee
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Commercial Assistant
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Jan 1993 - Mar 1994
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Xerox
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United States
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Business Consulting and Services
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700 & Above Employee
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Accounting Assistant
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Jan 1991 - Dec 1992
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Education
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Universitat Internacional de Catalunya
MBA, International Management -
The Boulder Institute of Microfinance
The Boulder Microfinance Training Program, Concentration in Digital Financial Services -
University of San Francisco School of Management
Major, Specialization in Project Management -
Stetson University
Major, Finance and Control Management -
Universidad Centroamericana 'José Simeón Cañas'
Licenciado, Business Administration