Carlo Colombo

As finance manager:

Retail operations and cash flow: Monitored and analyzed sales (40M USD), bank & cash reconciliation, cash closing for retail Business on daily and monthly basis. Responsible of the negotiation with POS and cash pick-up service suppliers. Supporting the shops for all the challenges related to the operativity of POS, Cash Management solutions, anti-money laundering policy, permits and Licenses in cooperation with external consultants.   

Logistic, Inventory and Supply Chain: In close cooperation with Logistic and Inventory Area, analyzed the real impact of duties on imports vs budget allocation. Managed the manufacturing sales and purchases of Supply Chain business (under IMMEX program) posting flow.

IT development financial systems: Implemented consistent accounting policies, practices, and procedures across all programs, upholding federal, state, and local legal standards by remaining knowledgeable about existing, new, and future legislation (ex. Systems development and implementation, in coordination with Group IT Department, in order to be compliant with the new CFDI 4.0 and Complemento Carta Porte obligations).

Tax obligations:  in coordination with outside CPA consultant, monitored the correct monthly and yearly tax computation (VAT, Income tax return, RNIE, Transfer Price, DIOT, SAT communications and eventual disputes).

Internal and External Audit:  Overseen and evaluated internal controls and design procedures to ensure clarity around processes and ensure internal controls. Scheduled and prepared support and data for yearly Audit performed by Big 4 – Deloitte. 

Treasury: Managed the local Treasury for payments (around 300M MXP yearly) and receivable flow, included the management of chargebacks from retail sales.  

Payroll: Analysis and reconciliation of payroll costs and Balance sheet positions for approx. 100 Staff members, in coordination with the external provider. In strict cooperation with Payroll Team, responsible for the policy of T&E and related costs approval through Concur – SAP and subsequent posting into the accounting. 

Team Leadership: Managed the Finance team members (4 units) through an effective performance management process, including clear definition of roles and responsibilities, expectations and objectives.

As CPA:

Support in Voluntary disclosure declarations, managing the information received from banking Institutions of tax havens for more than 50 million Euros.