Summary
Overview
Work History
Education
Skills
Languages
IT Skills
Timeline
Generic
Arnaldo Correia

Arnaldo Correia

Portimão (Faro),PT

Summary

Finance leader with extensive experience in strategic and operational management across various sectors. Achievements include successful performance turnarounds, financial department restructuring, and implementation of ERP systems. Expertise in developing innovative reporting solutions, supporting audits, and leading M&A initiatives. Recognized for providing valuable insights to shareholders and fostering strong relationships with business partners.

Overview

20
20
years of professional experience

Work History

Head of Finance

Amêndoas do Lago, Lda
Évora, Portugal
12.2023 - 06.2025
  • Manage all aspects of financial management, accounting, tax, and reporting for four companies (U.S. investment funds) in the almond farming business in Portugal.
  • Ensure the provision of accurate and timely financial accounts to ensure compliance with regulatory standards (EU and US).
  • Execute financial modeling and scenario analysis that drives strategic initiatives over new investments above 10 MEUR.
  • Prepared and led monthly board meetings with up-to-date financial information, which included a review of the annual budget and variance analysis, a deep overview of all the operational performance indicators, and cash-flow analysis/projections.
  • Pioneered a new cash-flow forecasting model, which decreased forecasting error by 35% and enhanced the accuracy of long-term financial projections.

BU's Managing Partner

Moneris - Serviços de Gestão, SA
Albufeira & Lagos, Portugal
11.2022 - 11.2023
  • Restructured and recovered two business units in Albufeira and Lagos (Algarve, Portugal) in the largest national accounting and management support group (accounting, human resources, and tax advice services).
  • Devised and executed a comprehensive operational recovery plan that stabilized two business units, regained 80% client retention, and improved employee satisfaction scores by 75% within six months.
  • Energized and motivated the team through teamwork and collaboration, open communication, constructive speech, and organizational stability.
  • Improved cash-flow management to achieve a 75% reduction in outstanding receivables.
  • Oversaw budget management and financial forecasting processes.

Head of Finance

Staunch Portugal SA
Quinta do Lago
11.2021 - 10.2022
  • Managed and restructured the finance department, which included accounting, human resources, and IT sections of all Group companies (a total of two companies) in Quinta do Lago, Algarve, Portugal.
  • Hospitality, Events, Real Estate, and Company Acquisitions.
  • Ensured the provision of accurate and timely financial accounts.
  • Implemented and created the annual budget and monthly reporting KPIs (variance analysis).
  • Cash flow forecasting and shareholders' advisor on new investments and corporate strategy.
  • Evaluation and negotiation of new sources of funding – loans, leasing, and others.
  • Development and improvement of processes and procedures (Finance, HR, and external accounting).
  • Established good partnerships with external entities (banks, suppliers, tax authorities, clients, and others).
  • Implementation of F&B software – included manipulation and organization of the database.

Head of Finance

Gestopticália, Lda - Calia Group
Albufeira
10.2019 - 02.2021
  • Managed and restructured the finance department, which included accounting, human resources, and IT sections of all Group companies (a total of five companies in Portugal and Cape Verde).
  • Optical & Eyewear Business - Wholesale and Retail, Real Estate, and Transport.
  • Ensured the provision of accurate and timely financial accounts
  • Implemented annual budget elaboration and monthly reporting (forecasts and variance analysis).
  • Produced cash flow forecasting and maintained a long-term cash forecast.
  • Evaluation and negotiation of new sources of funding – loans, leasing, and others.
  • Development and improvement of processes and procedures (Finance and HR).
  • Negotiation of yearly commercial contracts and agreements with main suppliers.
  • Training and supervision of the team – four elements.
  • Established good relationships with external entities (banks, suppliers, tax authorities, clients, and others).
  • Responsible for ERP software implementation, which included project management, solution design, and data migration (SAGE X3).

Managing Director

Akatuta, Lda
Portimão, Faro
08.2016 - 09.2019
  • Founded and managed a successful property management and financial services consulting start-up for three years, providing services to multiple clients.
  • Engaged in all aspects of business development, including market research, finance, operations, marketing, and IT, ensuring alignment with the company vision.
  • Developed social network expansion through website creation and social media management.
  • Elaboration of the business plan and annual budget – monthly control of overheads and variances.

Head of Finance

Interbancos, Sarl
Maputo
02.2015 - 07.2016
  • Managed all aspects of financial management, accounting, tax, management control, and human resources at the leading electronic payments technology company in Mozambique.
  • Ensured the provision of accurate and timely financial accounts to comply with local fiscal authorities and with the company’s financial reporting requirements.
  • Developed and maintained the integrity of internal controls in areas such as payroll, accounts payable, cash management, financial analysis, and financial reporting, which included audits and tax matters.
  • Elaboration and presentation of the annual budget, and monthly reporting (forecasts and variance analysis) to shareholders.
  • Investment and risk analysis – in conjunction with the Management and Operations Team.
  • Streamlining and upgrading of processes and procedures (Financial Management and HR).
  • Training and supervision of the team (four elements)
  • Managed good relationships with external business partners, such as banks, suppliers, clients, the tax authority, the external accounting office, and the audit team.

Country Finance Manager

Bureau Veritas Mozambique, Lda
Maputo
11.2013 - 10.2014
  • Responsible for all aspects of financial management, accounting, tax, and controlling for all subsidiary companies (located in Maputo, Tete, Nampula, and Beira) of the leading testing, inspection, and certification company in Mozambique.
  • Managed to build, develop, and manage a strong finance team to support the country business.
  • Ensured the provision of accurate and timely financial accounts to comply with local fiscal authorities and with Group financial reporting requirements, directly reporting to South Africa HQ.
  • Provided Operations Management with meaningful financial reports to assist them in daily operations, allocation of resources analysis, and advice on operational cost management.
  • Improved compliance with internal procedures, including enforcing adherence to internal controls, and developed a new controlling system to improve operations, reporting accuracy, and compliance with local, regional, and global policies.
  • Training and supervision of the team – three elements.
  • Established good relationships with external entities, such as banks, suppliers, clients, and the external accounting office.

Head of Finance

Step Consolidated, Lda
Lisbon
07.2012 - 10.2013
  • Managed and re-engineered the Financial Department in one of the leading companies in the ship repair, boiler manufacturing, and oil and gas maintenance industries, based in Portugal.
  • Overall supervision of all financial accounting and reporting systems.
  • Production and interpretation of cash flow statements, and prediction of future trends.
  • Responsible for the implementation and training of the ERP (SAP Business One).
  • Ensured a good relationship with external entities, such as banks, suppliers, and clients.
  • Negotiation of new sources of funding – loans, factoring, leasing, and others.
  • Supervision of the team – three elements.
  • Creation, implementation, and training of a reporting system based on Excel and VBA to control the allocation of monthly hours and costs to operational projects.
  • Elaboration of the annual budget and monthly reporting (forecasts and variance analysis).
  • Investment and risk analysis – in conjunction with management and operational managers.
  • Ensure coordination between headquarters and subsidiaries: implementation of the planning and controlling system across several subsidiaries (Brazil, Romania, and Namibia).

Financial Controller

Hidroprojecto, Lda - Ingérop Group
Lisbon
09.2007 - 12.2011
  • Responsible for all financial analysis and reporting for Portugal’s leading engineering consultancy company (a subsidiary of Ingérop Group), including monthly, quarterly, and year-end reporting and analysis (which includes Tableau de Bord).
  • Coordination of statutory audits, financial statements, and taxation computation.
  • Played a key role in the company's acquisition by Group Ingérop, which included training at headquarters (FR).
  • Monthly control of the allocation of resources to projects (variance analysis).
  • Responsible for the collection cycle transactions and business functions, as well as for local internal controls and coordination with auditors.
  • Elaboration of the annual budget, supervision of the forecasts, and monthly variance analysis.
  • Responsible for the implementation of the ERP (Agresso).
  • Managed a team of three elements, which included administrative and IT sections.
  • Ensured compliance with the reporting requirements of parent companies (IAS/IFRS).
  • Included mission abroad in Maputo, Mozambique, and Johannesburg, South Africa – 6 months.
  • Implementation of the planning and controlling system in one of the subsidiaries of the Group Ingérop (Mozambique) involves direct reporting to the head office located in Johannesburg.
  • Co-elaboration of the annual budget for both subsidiaries (Mozambique and South Africa).

Junior Financial Controller

Sotécnica Vinci Energies, Lda
Lisbon
10.2005 - 09.2007
  • Junior controller internship in a subsidiary company of the Vinci Group in Portugal, the world’s leading company in construction and associated services.
  • Elaboration of financial analysis and reporting, including: monthly, quarterly, and year-end reporting/analysis; monthly control and analysis of variances and overheads (Tableau de Bord).
  • Developer of Quartz-I philosophy (ERP – embedded Oracle system) implementation and training.
  • Follow-up results of engineering projects: allocation of resources and variance analysis.
  • Coordination with auditors.
  • Played a key role in the company's acquisition by the Vinci Group.
  • Elaboration of the annual budget and supervision of the forecasts.
  • Ensured compliance with the reporting requirements of parent companies (IAS/IFRS).

Education

Certified Blockchain & Healthcare Professional - Blockchain / Healthcare

Blockchain Council
Remote
01-2025

Certified Blockchain & Finance Professional - Blockchain & Finance

Blockchain Council
Remote
01-2025

Certified Blockchain Expert - Blockchain

Blockchain Council
Remote
01-2025

Data Analytics Professional Certificate - Data Analytics

Remote
Remote
01-2021

Post-Graduate Certificate - Management Control And Corporate Finance

Lisbon
Lisbon
01-2010

Post-Graduate Certificate - Accounting And Taxes

Instituto Superior De Economia E Gestão (ISEG)
Lisbon
01-2010

Management Degree -

Lisbon
Lisbon
01-2005

Skills

  • Team leader
  • Cash flow modeling
  • Financial accounting
  • Budgeting and forecasting
  • Management accounting
  • Controlling
  • ERP systems
  • Strategic finance
  • Financial reporting
  • Project management

Languages

Portuguese
First Language
English
Proficient (C2)
C2
French
Beginner
A1

IT Skills

Excel (proficient), Word, PowerPoint, Outlook, VBA (Excel), SQL, SAP Business One, Primavera, Dynamics 365, Sage X3, Unit4 (Agresso), Oracle, Google Workspace, Power BI

Timeline

Head of Finance

Amêndoas do Lago, Lda
12.2023 - 06.2025

BU's Managing Partner

Moneris - Serviços de Gestão, SA
11.2022 - 11.2023

Head of Finance

Staunch Portugal SA
11.2021 - 10.2022

Head of Finance

Gestopticália, Lda - Calia Group
10.2019 - 02.2021

Managing Director

Akatuta, Lda
08.2016 - 09.2019

Head of Finance

Interbancos, Sarl
02.2015 - 07.2016

Country Finance Manager

Bureau Veritas Mozambique, Lda
11.2013 - 10.2014

Head of Finance

Step Consolidated, Lda
07.2012 - 10.2013

Financial Controller

Hidroprojecto, Lda - Ingérop Group
09.2007 - 12.2011

Junior Financial Controller

Sotécnica Vinci Energies, Lda
10.2005 - 09.2007

Certified Blockchain & Healthcare Professional - Blockchain / Healthcare

Blockchain Council

Certified Blockchain & Finance Professional - Blockchain & Finance

Blockchain Council

Certified Blockchain Expert - Blockchain

Blockchain Council

Data Analytics Professional Certificate - Data Analytics

Remote

Post-Graduate Certificate - Management Control And Corporate Finance

Lisbon

Post-Graduate Certificate - Accounting And Taxes

Instituto Superior De Economia E Gestão (ISEG)

Management Degree -

Lisbon

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Arnaldo Correia