Juan Carlos Canel Monzon

Internal Transfer from Madrid to Warsaw (January 10th to March 25th 2011).
ERP: ORACLE.
• Responsibility for core accounting operations for Group’s Entities.
• Support internal/external audit compliance on Statutory and Tax.
• Preparation of Tax forms to be reported to Local Tax Authority:
- 303 VAT, monthly Tax Return.
- 349 Intra Communitary operations.
- 111 Withholding Tax (employees and 3rd parties).
- 115 Withholding Tax return on lease or sublease operations.
- 216 Non residents Withholding Tax.
- 347 Annual Resume of Operations (suppliers and customers).
• Weekly Cash Forecast Preparation (nine weeks forecast).
• Book-keeping J/E for payroll, taxes, social security and Ad-Hoc payments.
• Month end reconciliation of Operative Bank Account.
• Online Banking System (BBVA Bank). Preparation of Payroll payments, Tax payments, Social Security, Monthly Suppliers batch payment and employee’s batch payment preparation (twice a month).
• Balance Sheet reconciliation.
• Payroll accounts reconciliation.
• Providing cost allocation coding for non PO invoices defining if OCS or SG&A.
• Managing FA Module (Asset Capitalization, Depreciation posting, CIP accounts reconciliation).
• AR and AP reconciliation module versus GL (MEC activity).
• Accruals booking, reconciliation and reversing (when invoices or CN received).
• Pre-payments and deferred cost J/E calculation, booking and month end reconciliation.
• Monthly VAT Auto declaration preparation (to be reported in Tax Form 303).

ERP: SAP
• Incorporation of Subsidiaries to GFX structure (accounting setup, testing, go live for Cash Flow and Net Investment Hedges).
• Part of the In House Bank implementation Project (accounting setup, testing).
• Documentation of role procedures.
• Maintenance of the integrity and accuracy of transaction recording (journals, adjustments, allocations, I/Co operations) on a daily basis.
• Assist the serviced subsidiaries closing statutory books.
• Daily Bank reconciliation of the European Treasury Center accounts.
• Month end bank reconciliation for Management reporting purposes.
• Prepare Monthly Management reporting book including Balance sheet & PL actual versus budget review.
• Prepare and upload daily Cash Forecast in the FMP Sap module.
• Citidirect manual payments.
• Managing Hedge internal and external trades (swaps, forwards and spots) in FMP Sap module posting valuation, de-designation and adding new entities.
• Quarterly Corporate reporting of all closed and open Derivatives transactions (reconciling OCI, CTA and GFX realized & unrealized gain and losses).
• The enforcement of approval policies & limits, while supervising the adequate Sox reviews and documentation, managing the remediation of exceptions.
• Month end reconciliation of cash pool and intercompany loans.

ERP: ORACLE.
• Book-keeping J/E of all banking operations for client’s Latin American Entities, on a daily basis and reconciliation of 18 bank accounts (CM Module).
• Reporting daily cash positions to the Account Manager.
• Monthly bank reconciliation, providing documentation for SOX compliance.
• Preparation of Intercompany fund transfers through Citidirect web site.
• Follow up on rejected transactions (payments, transfers) to find out causes of rejection an open bank investigation to solve transaction issues.

ERP: SAP
• Approval and validation of capitalization criteria (Capex or Opex) of Appropriation requests prepared by production sites.
• Depreciation posting and book-keeping J/E (transfers, retirements, additions).
• Assets capitalization (creating & updating Asset Master Records).
• WBS creation, budget assignment and projects settlement posting.
• Attain SOX compliance (execution of key controls and maintaining evidence).
• Reporting on USGAAP to Corporate and preparing local GAAP.

•Implementation of Quantum bank reconciliation system (setup, testing and go live).
•Intercompany reconciliation, Cash forecast, posting cash positions.
•Bank reconciliation and electronic banking payments preparation.