Rick Borjes

Experience

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  Viasource Communications / 180 Connect

  Nov 1999 - Jan 2003

  Head of Financial Planning and Analysis

  Viasource Communications was a startup telecom services provider with $250M in peak annual revenues and 3.5K employees.As Head of Financial Planning & Analysis, I supported the company through initial launch of operations, a period of rapid growth and expansion, chapter 11 bankruptcy, and the subsequent acquisition by 180 Connect. I was requested by 180 Connect to lead FP&A during the post-merger integration process.Key Accomplishments:VIASOURCE IPO► Created roadshow presentation, forecasts, segment analysis, and S-1 filing, $40M IPO ($300M firm valuation).► Led creation of new budgeting system, helped define requirements of Oracle ERP, developed chart of accounts, entity structure, and set combination validation rules.BANKRUPTCY► Served as right-hand man to Chief Restructuring Officer, improving daily cash management to reach net positive cash flow, reducing overhead costs 40%, and coordinating all due diligence inquiries during sale process.► Retained as just 1 of 4 employees at headquarters during bankruptcy proceedings and restructuring.► Implemented weekly scorecard to create culture of accountability, boosting operating profit $10M. Show less

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  DHL

  Jan 2003 - Aug 2017

  As Senior Finance Director for Asia Pacific Hub & Ground Operations, I managed $1B P&L cost and a 26-person team across 4 locations in Asia. Including high growth countries VN, CN, PK, IN.► Spearheaded financial control and planning for operations supporting 30+ countries in AP.► Led Accounting for DHL’s hubs with teams in Hong Kong, Singapore, and Bangkok.► Invested $100M of Capex annually on strategic and ROI enhancing projects.► Created dashboards, financial tools, KPI's, and variance analysis highlighting key business issues, driving strategic projects, presenting and creating board presentations.Key Accomplishments:► Reduced operations cost by $96M, utilizing a KPI focused approach, labor optimization, contract changes, strategic investments utilizing continuous improvement Six Sigma and LEAN principles.► Boosted employee engagement scores from 80% to 95%, outperforming peers across AP.► Partnered with Engineering and PMO meeting Budget Targets on 3yr $100M South Asia Hub construction project.► Identified and piloted $20M revenue opportunity and led process and packaging changes for "Special Handling" Ecommerce shipments, process change also reduced labor costs by +$2M year.► Developed subco payment method leveraging economies of scale and zero-base saving $18M. Show less As Senior Finance Director for European Ground Operations, I led financial strategy and control for operations. The European business unit had $5.4B of Revenue, 31 countries, 30K+ employees.► My team created tools, dashboards, and analysis focused on productivity based KPI’s.► I oversaw $2.4B annual operating expenditure and developed a $4.3B global operations budget.Key Accomplishments:► Teamed with Operations and Country leadership teams on productivity based initiatives reduced costs $360M over 3 yrs.► Led all financial modelling and collaboration with procurement, signing forklift master agreement delivering $36M in cost reductions (18% better than forecast). ► Developed financial reporting platform and analytical tools meeting C-Suite requirement for quick and accurate information for analyzing operating costs, volume, and productivity at country level. Show less As Head of Finance for the U.S. Northeast & Midwest, Drove all finance-related strategy during a time of rapid change across 2 territories generating $2.5B+ in annual revenues with 8K+ employees. Provided oversight for $2B+ in annual ground operations expenditures and managed a 4-person team.Key Accomplishments:► Modeled multiple scenarios for business restructuring mitigating the impact of $1.5B annual loss. ► Played key control role discontinuing US domestic shipping services, reducing headcount 70% in Northeast / Midwest.► Implemented best practices associated with reporting, analytics, and financial tools associated with revenue, costs, margins, and KPI’s as part of restructuring rebuild. Show less As Senior Finance Manager for U.S. Ground Operations, I served as the senior member of a team overseeing $2B+ in annual operational expenditures across 300+ cost centers.Key Accomplishments:► Created performance-based payment structure for subcontractors delivering savings from increased efficiencies ($1.2B over10 years).► Overhauled ad hoc subcontractor payment process and implemented new review system, slashing annual payment of vendor invoices 95% from $94M to just $5M.► Improved accuracy of monthly accrual and forecasting processes, reducing variance between actual results v. projections from ± 5% to just ± 0.5%. Show less

  • Senior Finance Director (Divisional CFO role ) – Asia Pacific Operations - (FP&A | Controller)

    Feb 2012 - Aug 2017

  • Senior Finance Director – Europe and Global: Ground Operations

    Mar 2009 - Feb 2012

  • Head of Finance – U.S. Northeast & Midwest - (FP&A | Controller)

    Aug 2008 - Feb 2009

  • Senior Finance Manager – U.S. Ground Operations Controlling

    Jan 2004 - Jul 2008

  • Finance Manager - Terra Project - Project Controller

    Jan 2003 - Jan 2004
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  Oct 2017 - now

  Finance Director | Regional CFO | Financial Planning & Data Analysis | Supply Chain & eCommerce

  Leads FP&A | Process Improvement | Logistics | Consulting | International | BlockchainTargeting leadership role in Finance, Operations, Data Analysis, or Consulting.► Leading profit improvement strategies, financial planning and analysis, management reporting, variance, decision, and predictive analysis for Pre-IPO to Fortune 500 companies. ► Finance, Accounting, FP&A, Financial modelling, developing KPI’s, restructuring, integration, decision analysis, labor optimization, ► Researching Blockchain and Smart Contract use cases, Member of GBA - Government Blockchain Alliance.► ROI improvements: large-scale capital projects, business case analysis.Interests: Blockchain, Predictive Analysis, Private Equity, Venture Capital Show less