Post a Job Sign in

Ulrich Blasberg

Guatemala City

-

Work Experience

Corporate Finance & Tax & Regulations Central America & the Caribbean Head

Bayer S.A., Guatemala
-
Guatemala
-

August 2004 to December 2011

Bayer S.A. (Guatemala) August 2004 to December 2011 
(500 M $ USD Pharmaceutical / Chemical Group with operations in 8 countries in Central America and the Caribbean and three production sites and export to many countries with 2000 + employees) 
Corporate Finance & Tax & Regulations for Central America and the Caribbean Head 
• Senior Financial Executive with full responsibility for restructuring of clients in the region (ten companies; total assets 320.0 M $ USD) Suspension of more than 2/3 of the clients; business credit lines and risks were reduced in 160.0 M $ USD (from 310.0 M $ USD) and payment conditions were unified. Sales were not affected as they rose from 200.0 M to 480.0 M $ USD, and the DSO were lowered from 83 days to less than 55 days; an estimated amount of 33.0 M $ USD in improved collection. 
• The financial situation of the companies group, very complex at a certain point, went from insufficient, to a coverage of a three weeks of suppliers payments (34.0 M $ USD), short term deposits (29.0 M $ USD) and all loans and unpaid dividends from previous years paid in full. At the departing time, the region was free from all kinds of loans and in addition the coordination of dividend planning of 40.0 M $ USD. In 2010 and 2011 interest payment savings of 1.0 M and 2.0 M $ USD respectively. 
• Restructuring the Intercompany supplier payment, by reducing the payment terms, in order to pay faster to HQ and reduce cash positions and lowering devaluation risks. 
• Coordinator for the reduction of working capital, achieving a reduction of 25.0 M $ USD until the year 2010 (starting 2009)  
• Corporate Lead coordinator for a confidential project of data collection for the sale of the generics manufacturing plan, and with these data, prepare the initial offer to potential buyers. Sales price, estimated value 80.0 M $ USD. 
• Responsible for the yearly Corporate Planning/Budgeting, with four forecasting deliveries. Coordinator for the Business Unit Budgeting and forecasting. Controlling and use of KPI. 
• Member regional Executive Board. 
• Also part of my duties was the Controlling of corporate OPEX of 15.0 M $ USD, CAPEX 5.0 M $ USD and HR-controlling of 2000+ persons 60.0 M $ USD payroll and the use of KPI.

International Internal Auditor

Bayer AG
-
Leverkusen
-

November 1999 to July 2004

Germany, Leverkusen) November 1999 to July 2004 
(35.0 B $ Euro Pharmaceutical - Chemical company with 110.000 employees and presence in 100+ countries) 
International Internal Auditor 
• Member of the introduction team of SAP for the Bayer AG Holding, successfully introduced end/December of 2003. 
• After an audit of category B companies (non-consolidated; amount 1,000.0 M Euro), a special unit was created with the purpose of monitoring and controlling them. 
• Team member in a post-purchase audit Team of ex-Aventis CS, with the result of reducing the purchase amount in 40.0 Mio Euro.

Director/Chief Administrative & Finance Officer (with IT)

Bayer S.A
-
San Salvador, PR
-

March 1996 to October 1999

El Salvador) March 1996 to October 1999 
(100 M $ USD Pharmaceutical - Chemical company with two production sites and export to eight+ countries with 400 employees) 
Director/Chief Administrative & Finance Officer (with IT) and Controller 
• I was assigned the task of restructuring with full responsibility the financial and accounting areas. After the restructuring, 80% of capital in dividends (16.0 M $ USD) was paid and the P&L report was improved, by improving cost accounting. 
• Supervision of the accounting and finance side in different subsidiaries within the group with Corporación Bonima (including production site) 
• Member local Executive Board.

Director/Chief Administrative & Finance Officer (with IT)

Bayer S.A. (Chile)
-
Santiago, MN
-

October 1989 to February 1996

October 1989 to February 1996 
(120 M $ USD Pharmaceutical - Chemical company with two production sites for local market with 400 employees) 
Director/Chief Administrative & Finance Officer (with IT) and Controller 
• Introduction of interconnected computers platform (network) with Windows and Lotus Notes email, with an AS-400 server for the exchange of files; this platform served as a model for Central America. 
• Two manufacturing plants closed without requesting financial aid from Bayer AG. 
• Restructuring of the cost accounting, improving the P&L. 
• Restructuring in the areas of administration and finance from manufacturing companies towards import and commercial company; supervision of the accounting and finance side in different subsidiaries within the group (including additional production site) 
• Introduction of an EIS 
• Member local Executive Board

Chief Administrative & Finance Officer and Controller

Bayer S.A. de C.V
-
Tegucigalpa
-

June 1986 to September 1989

Honduras) June 1986 to September 1989 
(10 M $ USD Pharmaceutical - Chemical company with 100 employees) 
Chief Administrative & Finance Officer and Controller 
• Full responsibility in the creation of an entirely new company together with the General Manager 
• Reorganization of shared services departments

Sales Manager of the Spare Parts Department

FaHonda, S.A
-
Guatemala
-

February 1984 to May 1986

Guatemala) www.honda.com.gt February 1984 to May 1986 
(4 M $ USD - Motorcycles company with 50 employees) 
Sales Manager of the Spare Parts Department 
• Spare parts department restructuring. On the second year, doubled sales, reduced inventories (rotation) from 5 years to 18 months by improving reposition, and customer satisfaction rose from 60% to more than 90%.

Education

Bachelor in Business Administration

University Francisco Marroquín

January 1980 to February 1984

Skills

Business Transformation, Team Building, Forecasting, Foreign Languages, Financial Planning, Financial Reporting, Corporate Finance, Cost Accounting, Financial Accounting, Budget Analysis, Budget Preparation, Internal Audit, Inventory Management, Divestitures, Legal Compliance, Dividends, Insurance, Investments, Innovation, Strategic Planning, IT Strategy, Credit Risk, Credit Analysis, Travel Management, Credit Cards, Loan Structuring, Regional Planning, Liquidity Management, Liquidity Risk, CAPEX, Order to Cash, Controlling, External Audit, Shared Services, Staff Mentoring, Tax Compliance, OPEX, Export Controls, Source To Pay, Transfer Pricing, Board Member, FX Hedging ,