SEGISMUNDO GARCIA
Waterdown
Summary
Looking for a Senior Leadership role that will allow me to utilize the experience I have gained over my career. I helped launch a new region, exercised plant closures and acquisitions. I have great experience in analyzing financial data and managing cash flow.
Overview
22
22
years of professional experience
1
1
Certification
Work History
Director of Finance
Cosma USA East and South
01.2023 - 02.2025
- Cosma USA East and South still oversees same 6 plants, but promoted to Director of finance
- Responsibilities still the same
Corporate Group Controller
Cosma Canada/USA
01.2019 - 12.2022
- Company Overview: Cosma USA East and South is a group of 6 plants, with annual sales of $2.4B USD. Divisions in this group include Bowling Green Manufacturing, Drive Automotive, Eagle Bend Manufacturing, Kamtek Inc., Cosma Body Assembly Manufacturing, and Vehtek Manufacturing.
- Cosma manufactures automotive Frames, Chassis, BIW, and Casting parts for GM, Ford, Chrysler, BMW, Fiat, Renault/Nissan, Honda, Mercedes and various Tier 1 suppliers
- Responsible for review of all the financial activities of divisions
- Monthly reporting including Month end roll analysis, Operating Analysis, Variance Analysis, and Balance Sheet reviews
- Review all year end reporting packages (Controller Modified Files) for the group
- Review all quarterly forecasts and 5-7 year business plans for all divisions verifying data is accurate and correct
- Ad-hoc reporting for detailed analysis of market trends and forecasts
- Audit all divisions to verify they adhere to the Magna minimum standards of financial reporting
- Cosma manufactures automotive Frames, Chassis, BIW, and Casting parts for GM, Ford, Chrysler, BMW, Fiat, Renault/Nissan, Honda, Mercedes and various Tier 1 suppliers
Director of Finance
Cosma do Brasil
01.2014 - 12.2018
- Company Overview: Cosma do Brasil is a group of Magna/Cosma, with annual sales of $250M USD, and work force of 1,500
- Cosma manufactures automotive parts, for Chassis and BIW, and supplies to GM, Ford, BMW, Fiat, Renault/Nissan, Honda and various Tier 1 suppliers
- Responsible for all the financial activities of all the 6 divisions and Group Office
- Responsible for all IT activities of all 6 divisions and Group Office
- Oversee the Sales Team to ensure they accomplish customer recoveries, review CBA’s and LTA agreements
- Oversee the Purchasing Group to ensure all supplier productivity is met
- Originally tasked to create financial structure in Brazil after purchase of TK
- Develop financial structure in each of the 6 plants, and change from central reporting to plant reporting
- Monthly reporting including Schedule 5 reviews, Flash analysis, Variance Analysis, and Balance Sheet reviews
- Prepare, review or sign off on all reporting to Cosma International both monthly and quarterly
- Review all year end reporting packages (Controller Modified Files) for the group
- Review all quarterly forecasts and 5-7 year business plans for all divisions verifying data is accurate and correct
- Ad-hoc reporting for detailed analysis of market trends and forecasts
- Audit all divisions with in Latin America to verify they adhere to the Magna minimum standards of financial reporting
- SOX lead for Cosma Brazil, ensure all divisions meet the minimum standard of internal controls set forth by Magna
Corporate Senior Finance Manager/Controller
Cosma Mexico & Latin America
03.2010 - 12.2013
- Company Overview: Cosma is a division of Magna, with annual sales of $1.5 billion, profits of $250 million, and work force of 5,500
- Cosma manufactures automotive parts, from frames to smaller stampings, and supplies to GM, Ford, Chrysler, VW, Nissan, and various Tier 1 suppliers
- Responsible for all the financial activities of all the 12 divisions within the group
- Monthly reporting including Schedule 5 reviews, Flash analysis, Variance Analysis, and Balance Sheet reviews
- Prepare, review or sign off on all reporting to Cosma International both monthly and quarterly
- Review all year end reporting packages (Controller Modified Files) for the group
- Review all quarterly forecasts and 5-7 year business plans for all divisions verifying data is accurate and correct
- Ad-hoc reporting for detailed analysis of market trends and forecasts
- Audit all divisions with in Mexico & Latin America to verify they adhere to the Magna minimum standards of financial reporting
- Directly manage 3 individuals in the Corporate office and indirectly all the finance teams in each of the 12 plants
- SOX lead for both Cosma Mexico and Cosma Brazil, ensure all divisions meet the minimum standard of internal controls set forth by Magna
Financial Controller/IT Manager/Purchasing Manager
A Raymond Tinnerman Manufacturing Hamilton, Inc.
03.2006 - 03.2010
- Company Overview: A Raymond Tinnerman is an automotive stamping plant that supplies fasteners to GM, Ford, Chrysler and wide variety of tier 1 companies
- It has annual sales of $60 million and a work force of 250 people
- Financial statement preparation and analysis on a monthly basis
- Monthly reporting including Controller’s Report, Scorecard analysis, Variance Analysis, and Continuous Improvement tracking
- Weekly P&L forecast
- Close books at month-end and preparing corporate reporting packages
- Point of contact for all audits, SRED, Pension, Transfer Pricing, Tax and Year End, as well as Canadian Revenue Agency audits
- Ad-hoc reporting for detailed analysis of market trends and forecasts
- Managing IT and Purchasing
- Negotiating purchasing agreements and large machine purchases
- Manage supply base and implement price reductions for continuous improvement targets
- Team lead for Office Kaizen in the work place
- Good understanding of Lean Manufacturing and Lean Accounting
Financial Controller
Antomax Automotive Technologies (Martinrea International)
02.2003 - 03.2006
- Company Overview: Antomax is an automotive fluid parts manufacturer, supplying parts to GM, Delphi and Visteon
- It had annual sales of $40 million and a work force of 250 people
- Financial statement preparation and analysis on a monthly basis
- Fixed asset management, including capital approval pay back analysis
- Weekly cash flow forecasts, and monthly exchange rate analysis
- Weekly P&L analysis and monthly sales forecasts
- Organization and analysis of quarterly inventory counts
- Manage costing of all parts (standard costing system)
- Preparation of year end audits
- Preparation of fiscal 5 year budgets
- Using CSM data for sales forecast
- Preparation of weekly and monthly reporting to corporate regarding bank reconciliations, P&L forecasts, cost savings analysis, and various corporate measureables
- Responsible for implementation of new MRP system, moving from JD Edwards to CMS
Education
Honors Commerce Degree - Accounting
McMaster University
Hamilton, Ontario01.1995
Skills
- Cash flow management
- Audit management
- Cost control
- Internal controls
- Forecasting
- Team building and mentorship
Designations
- Certified Management Accountant, 06/01/00
- Certified Public Accountant, 01/01/16
Languages
Spanish
Professional Working
Portuguese
Limited Working
Certification
- Certified Public Accountant (CPA) - 2016
- Certified Management Accountant (CMA) - 2000
Timeline
Director of Finance
Cosma USA East and South
01.2023 - 02.2025
Corporate Group Controller
Cosma Canada/USA
01.2019 - 12.2022
Director of Finance
Cosma do Brasil
01.2014 - 12.2018
Corporate Senior Finance Manager/Controller
Cosma Mexico & Latin America
03.2010 - 12.2013
Financial Controller/IT Manager/Purchasing Manager
A Raymond Tinnerman Manufacturing Hamilton, Inc.
03.2006 - 03.2010
Financial Controller
Antomax Automotive Technologies (Martinrea International)
02.2003 - 03.2006
Honors Commerce Degree - Accounting
McMaster University
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