Víctor Sotta
Summary
Experienced and self-driven Financial Controller with more than 12 years of working experience in Switzerland in all functional areas within Finance in manufacturing, pharmaceutical, financial services industries. Strong background in manufacturing having worked for global multinationals and gaining an expertise in cost accounting and analyzing P&L in order to identify profitability drivers, advise top management with actions to restore, improve profitability. Expertise in valuation of CAPEX projects applying standard corporate finance valuation tools like Discount Cash flows or advance techniques in valuation of projects with Real Options (Financial Engineering). Dedicated and passionate about streamlining and automating processes in Reporting, FP&A, Controlling, Manufacturing Cost Accounting and costs variance analysis. Technical expertise in combining Finance background with IT savviness (able to code in SQL, VBA, Python) in order to implement solutions for the business. Experienced working with SAP, JD Edwards, Hyperion, HFM, BI tools (Power BI, SAP BI, Cognos). Great team player with problem solving collaborative approach. Competence in Accounting (IFRS, Month End Closing, Regulatory reports and Annual Balance support), CAPEX projects, Cost Accounting, Financial Analysis and Valuation in general. Since my last employer relocated their HQ from Switzerland to Norway after massive layoffs, I am looking for new job challenges.
Overview
16
16
years of professional experience
Work History
Financial Analyst (FP&A and Controlling)
Biogen
07.2024 - 11.2024
- Fixed term position to cover maternity leave.
- Annual budget of a 2 Billion USD Biopharmaceutical manufacturing plant.
- Financial & Management reporting
- Analysis of Actuals vs Budget vs Forecasts
- Working with Oracle ERP, EPM, Essbase (HFM).
Senior Financial Controller
Kongsberg Automotive Group
06.2022 - 04.2024
- Financial Planning & Analysis: Lead the budgeting process involving 20 factories around the world and their respective legal entities involving the preparation of the Annual Budget from Revenue to Net Profit, Balance Sheet and Free Cash flow of a leading car manufacturer across 4 continents
- Expertise in the usage of budgeting software (Adaptive), management and training of the tool
- Cost Accounting: analysis of standard cost of manufactured products, direct labour, direct material, indirect costs, variable & fixed costs, procurement analysis and cost drivers covering around 20 manufacturing plants worldwide
- Financial Reporting: reporting to senior management (CEO, CFO) of full P&L monthly results of biggest division of the company
- Complex analysis of P&L of Automotive products involving manufacturing cost accounting, intercompany transactions in order to identify drivers of profitability.
- CAPEX budgeting and controlling: from business case preparation (NPV, IRR) to upload, tracking & controlling of approved CAPEX projects in project management software.
Contractor
Self Employed Services
04.2019 - 01.2022
- Worked in several projects involving implementation of new IT platforms in order to facilitate the digitalization of financial services catered to more than 300.000 low income consumers at Banco Rio - Developed SQL databases integrating historical bank data of maturities of assets and liabilities with forecasts models in order to manage Cash liquidity.
Securities Accountant
Leonteq Securities AG
12.2016 - 02.2019
- Controlling trade and accounting bookings of Financial Structured Products and securities in general.
- Setting accounting rules in the system of securities transactions, checking and advising corrections of trade bookings to different teams.
- Regulatory reporting to FINMA of balance sheet items including derivatives positions.
- Financial Statements Balance Sheet and Income Statement of Securities reporting.
- Cash balance reconciliation of the whole entity at Month End.
- Double check calculations of pay off of different securities is aligned with theoretical prospects.
- Daily settlement of cash & securities positions involving reconciliation of assets/liabilities positions with structured products platform partners like wealth and private banks
- Maintained integrity of general ledger and chart of accounts.
- Official Annual and Semi-Annual Report notes of Leonteq AG related to bond, shares, options securities asset & liabilities position, weighted risk position available to FINMA and the public in general.
Financial Analyst
Lupin Pharmaceutical
02.2015 - 11.2016
- Preparing the Management Information Reports for the European region of a 2 billion USD Indian pharmaceutical company.
- Analysis of Trial Balance and General Ledger month end check for missing unbooked expenses, inventory month end closing as per local German GAAP, UK GAAP and cost of sales checks.
- Evaluation of CAPEX projects applying Discount Cash Flow & NPV.
- Developed a MS Access database for evaluating the Net present value and IRR of projected launch of pharmaceutical products.
- Developed Dashboard reports.
- Worked with SAP R3.
Division Controller Harvesting EAME
Agco International GMBH
01.2011 - 01.2015
- Stewardship of gross margins of 50 products and 40 markets with an annual turnover of 600 mEUR.
- Responsible for the Division P&L quarterly forecast and annual Budget.
- Developed a new discretional discount support scheme to distributors that help to improve gross margins in developed countries yielding an additional 8 million EUR Net Sales annually.
- Cost Accounting Controlling Budget versus Actual profitability of Harvesting products and advising or taking corrective actions including Cost Accounting analysis of Combines machines.
- Accounting of accruals, dealing with external auditors and checking SOX compliance.
- Turning around a highly unstructured position of controlling margins of sales orders of products in 40 markets in SAP and JD Edwards by designing and deploying a new process involving the use of BI reporting, database application and Sharepoint to track sales orders profitability & approvals
- Re-design and deployment of new process for Budgeting and Forecasting of division P&L replacing Excel spreadsheets with custom designed MS Access database coded in SQL resulting in reducing the budgeting process by 1 month. This included modeling the budget of all Intercompany legal entities.
- Deploy new BI Reports (Cognos and SAP BW based) sourcing from multiple ERPS to deliver full transparency and granularity to Reporting.
- Integration in Controlling process of Sharepoint based in workflows to improve transparency and deliver savings of over 1 mEUR annual in improved gross margins.
Procurement Financial Analyst
LeasePlan Supply Services
02.2009 - 12.2010
- Modeling worldwide tender offers worth over 900 mEUR to optimize procurement expense.
- Designed and implemented custom Database in MS Access and later SQL Server to financially evaluate complex procurement tenders. As a result, we were able to achieve savings of over 40 million EUR annually in procurement expense.
Education
Master of Science - Finance (Financial Engineering & Risk Management)
Université De Lausanne (HEC)
Lausanne, Switzerland07.2008
BBA - Bachelor in Business Administration
Universidad Adolfo Ibanez
Vina Del Mar, Chile03.2001
Skills
- Critical thinking problem solving
- Budgeting and finance
- IT Skills (Programming level SQL, VBA)
- Reporting, Controlling and Accounting
- Valuation of Assets & Investment projects
- Controlling
- Variance Analysis
- Financial Modeling
Languages
English
Bilingual or Proficient (C2)
Spanish
Bilingual or Proficient (C2)
French (DELF B2 Certificate)
Upper intermediate (B2)
German (ongoing course)
Elementary (A2)
Details
Hedingen, ZH, 8908, +41762046683, vmsotta@gmail.com, 05/04/76, Asunción, PY, Swiss B permit holder, married to Swiss citizen. (Waiting for approval of naturalization, last stages of Swiss naturalization process), Linkedin profile
Personal Information
Title: Financial Controller
Timeline
Financial Analyst (FP&A and Controlling)
Biogen
07.2024 - 11.2024
Senior Financial Controller
Kongsberg Automotive Group
06.2022 - 04.2024
Contractor
Self Employed Services
04.2019 - 01.2022
Securities Accountant
Leonteq Securities AG
12.2016 - 02.2019
Financial Analyst
Lupin Pharmaceutical
02.2015 - 11.2016
Division Controller Harvesting EAME
Agco International GMBH
01.2011 - 01.2015
Procurement Financial Analyst
LeasePlan Supply Services
02.2009 - 12.2010
Master of Science - Finance (Financial Engineering & Risk Management)
Université De Lausanne (HEC)
BBA - Bachelor in Business Administration
Universidad Adolfo Ibanez
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