Carlos M.

Flecha, CPA, CGMA

SENIOR FINANCIAL MANAGEMENT PROFESSIONAL
25+ years of results for world-class corporations
Strategic and innovative performer inspiring others with a possibility mentality to reach for creative & best workable
solutions. Recognized for consistent success in developing strategies, processes, and procedures to streamline
corporate financial operations, improve processes, enhance performance, and maximize customer satisfaction. A bigpicture thinker able to see short and long-term conditions, ramifications, and results.
SKILLS, ABILITIES & ACHIEVEMENTS MATRIX | VALUE OFFERED
ACCOUNTING MANAGEMENT POLICY & PROCESS DEVELOPMENT
GAAP | SOX COMPLIANCE ENGAGEMENT MANAGEMENT
RISK MANAGEMENT REPORTING AUDIT MANAGEMENT
BILINGUAL (ENGLISH/SPANISH) CLIENT RELATIONS SAP IMPLEMENTATION
CAREER TRACK & PERFORMANCE | DRIVING FORCES
WALMART STORES, INC.
DIRECTOR FINANCE SHARED SERVICES

Bentonville, AR
2008 - 2011

Proactively and effectively manage the Shared Services overall development and implementation of
goals, vision, objectives, strategy definition, and operations in support of multimillion dollar US,
Canadian and Puerto Rican business operations, with emphasis, but not exclusive of, the Accounts
Payable area. Collaborate with senior executives and key personnel in analyzing overall accounting
processes, procedures, and practices, and determine strategic and tactical needs for both short and
long-term revenue growth.
Organizational Impact | Contributions:

Directly and indirectly guide the efforts of up to six direct reports and up to 300 employees, including
providing ongoing training and professional development, overseeing workflow, quality and accuracy
of work, and evaluating staff to ensure world-class execution of duties.

Manage internal controls as Process Owner to ensure full compliance with corporate guidelines for US
GAAP and SOX adherence without significant deficiencies.

Play a key role in determining the future direction of the 1000-member division. This includes policy
development, strategic analysis and planning, process improvements, personnel decisions, system
improvements to streamline operations and lower costs, and the development of metrics and Service
Level Agreements (SLAs).

Support financial personnel and departments across all business units with all facets of A/P, including
but not exclusive of month-end and year-end closing process activities, analytical review of AP
accounts, financial statements analysis, cash flow activities, procure-to-pay activities, and process
improvement

Active participation in the planning and successful transition of Canada, Puerto Rico and Global
imports payable processes and implementation of the Contact Center disciplines into the Shared
Services environment.

Oversee process implementation and automation for Supplier Finance initiatives in collaboration with
Procurement areas and financial institutions.

Develop, leverage talent and align organization structure to provide promotional opportunities across
the organization. Sponsor of AP certification programs within the Shared Services division.

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Carlos M. Flecha, CPA, CGMA

DIRECTOR PAYROLL TAX, FINANCIAL SHARED SERVICES DIVISION

2007 - 2008

Lead payroll tax operations of the companys US and Puerto Rico operations. Compliance and
consulting responsibilities for over 1,000 tax jurisdictions.
Organizational Impact | Contributions:

Managed and developed a group of 15 associates.

Established internal controls in compliance with US GAAP and SOX provisions.

Subject matter expert and company representative on payroll tax related matters.

REGIONAL SENIOR INTERNATIONAL TAX MANAGER

2005 - 2007

Provided regional oversight and responsibilities and US tax planning for Argentina, Brazil, Canada,
Central America and Puerto Rico. Job responsibilities included local country direct and indirect
compliance, US GAAP reporting (tax provisions, SOX controls, FASB5), in-country associate
development.
Organizational Impact | Contributions:

Home office liaison in tax related matters, including but no exclusive of IA findings and ISD projects,
US dividend tax planning responsibilities and minimization of Walmarts Effective Tax Rate (ETR).
Regional support for M&A projects and due diligence tax work.

WALMART PUERTO RICO, INC.

INTEGRATION MANAGER

Caguas, PR
2004 - 2005

Responsible for the integration of a newly-acquired business unit to Wal-Mart systems and
procedures, including but not exclusive of store operations systems and store standards, store training,
modular implementation, merchandising and replenishment systems, DC operations and
consolidation, finance systems.
Organizational Impact | Contributions:

Work included preparation of integration plan, managing local and corporate headquarters resources,
execution and supervision of integration tasks.

Daily interaction and reporting to the COO and CEO of the country, as well as corporate headquarters
reporting.

TAX MANAGER

2002 - 2004

Local tax responsibility for Puerto Rico tax planning and compliance for all taxes, including
preparation of tax returns, government relations administration, income tax and local tax planning, tax
provisions and deferred taxes preparation and business support.
Organizational Impact | Contributions:

Finance support to business acquisition activities accounting, reporting and tax integration.

ARTHUR ANDERSEN, LLP

SENIOR TAX MANAGER

San Juan, PR
1999 - 2002

Lead administration of client engagements, including being the lead person and primary contact with
clients. Managed and supervised personnel performing tax research and compliance for clients,
billings and collections, budget administration and personnel evaluations.

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Carlos M. Flecha, CPA, CGMA

Organizational Impact | Contributions:

Managed firms revenue growth on assigned clients and identified new opportunities; sought new
clients and marketed services to prospective clients.

Relevant experience included the preparation of ruling requests, closing agreements, tax exemption
grants, assistance to clients in tax provisions preparation and review under FASB 109 for financial
statement purposes.

KPMG PEAT MARWICK

TAX MANAGER

San Juan, PR
1986 - 1996

Lead administration of clients engagements, including being the lead person and primary contact
with clients, managing and supervision of personnel performing tax research and compliance for
clients, billings and collections, budget administration and personnel evaluations. Managed firms
revenue growth on assigned clients and identified new opportunities. Sought new clients and
marketed services to prospective clients.
Organizational Impact | Contributions:

Consultations to clients included the assessment of corporate or individual tax situations and
evaluation of business opportunities and tax strategies. Relevant experience in US and PR corporate
and individual taxation, international taxation, compensation and benefits issues and retirement plans,
PR Industrial Incentives Acts, Section 936 provisions, income, property, excise and municipal license
taxes.

Audit experience as in-charge auditor on governmental units and medium-sized manufacturing

corporations. Included preparation of financial statements and management letters, general
administration of engagement and supervision of firm and clients personnel.

Additional Experience:
Deputy Executive Director Finance, Municipality of San Juan, 1998 1999
Retirement Plan Executive, Oriental Bank and Trust, 1996 - 1998
LEARNING CREDENTIALS
MBA
University of Phoenix

Expected Graduation Date - 2013

BBA ACCOUNTING Cum Laude

University of Puerto Rico

1985
Rio Piedras, PR
LICENSES & CERTIFICATIONS

CPA, Puerto Rico; CPA, Arkansas (inactive), CGMA

COMPUTER COMPETENCIES
Excel, Word, Outlook, PowerPoint, Visio SAP Environment and Functionality
ORGANIZATIONS & ASSOCIATIONS
Advisory Board Member, The Accounts Payable Network 2009-2012
Member, Puerto Rico State Society of CPAs Member, American Institute of CPAs

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