Resume Page – Timothy Ribadeneyra

timothy-ribadeneyra-main-photoTimothy Ribadeneyra – Resume

Finance Director / VP finance / Controller

Solutions-focused executive effective in reorganizing, streamlining, and strengthening financial operations to maximize performance and profitability. Success delivering results for dynamic, global, public businesses. Extensive experience in both high growth and mature businesses. Areas of expertise include:

·  Strategic Planning

·  Project Management

·  Budgeting / Forecasting

·  Sarbanes-Oxley

·  Financial Analysis / Cost Models

·  Business Process Improvement

·  Sales Incentive Plans

·  IT Capitalization & Amortization

·  Staff Development / Management

·  New Business Pricing

·  Balance Sheet Management

·  Mergers, Acquisitions & Divestitures


Professional Experience

State Street Corporation, Boston, MA

Finance Director – Global Markets                                                                     Aug 2009-Nov 2016

Finance lead for two divisions with combined revenues of over $600M and 300 employees. Products included agency and principal lending, transition management, equity trading, and currency management.

Key achievements:

  • Key strategic partner in creation of principal lending business in 2009 that is projected to generate $250M in 2016 revenue and is key component of State Street growth plan.
  • Engineered $27M of cost reductions by implementing expense accrual management controls, eliminating redundant vendor services, and validating indirect expense allocations.
  • Rolled out new client profitability expense allocation methodology that business utilized to highlight unprofitable relationships and implement revenue enhancing strategies. Generated an additional $20M in annual revenue.
  • Integrated IT function into business unit managing all project capitalization and amortization.
  • Developed first product profitability model in Portfolio Solutions that is now primary report used by business to make financial decisions
  • Transitioned high-performing finance staff to Hangzhou, resulting in $200k in employee cost savings.
  • Coordinated implementation of 3 separate sales incentive plans, meeting all requirements of the business and HR.
  • Successfully created a transition management deal analysis model in response to audit issues that passed all audit and SOX reviews.
  • Managed central reporting/data management team of six.
  • Created new business estimate model used to validate and approve sales personnel’s client pricing.

State Street Corporation, Boston, MA

Vice President Finance – Office of the President                                             Feb 2007-Aug 2009

New position created reporting to the President’s CFO to provide transparent financial reporting support for the Management Committee and act as Finance “point person” for all underlying business units.

Key achievements:

  • Utilizing advanced Excel and Hyperion modeling skills, developed an extensive monthly financial dashboard that promoted decision making aimed at achieving financial goals.
  • Consolidated and verified all reporting utilized at President’s quarterly review and annual budget meetings.
  • Coordinated compilation of financials for 3-year strategic plan and validated assumptions.
  • Developed efficient budget reporting process that enabled multiple scenario analysis.
  • Drafted all financial dashboard commentary for the Management Committee.

State Street Corporation, Boston, MA

Vice President / Controller – Institutional Investor Services                             1999-2007

With staff of four, managed all accounting and finance activities for the Public Pension Funds Custody Division. Provided financial perspectives and insights to Public Funds division head.

Key achievements:

  • Managed staff within constraints of budget and absorbed impact of lost positions related to company’s expense reduction efforts.
  • Completely remodeled client P&Ls over 3-year period, resulting in improved client fee negotiations.
  • Created first Service Department Allocation (SDA) reporting model that identified erroneous allocations and saved the business $10M annually.
  • Consolidated Marketing Pro-Forma preparation, resulting in quicker results and improved controls.
  • Provided client profitability measurement and new business costing during two acquisitions.

State Street Corporation, Boston, MA

Vice President – Financial Information Services (FIS)                                       1998-1999

Managed staff of 50 in accurate reporting and timely delivery of NAV’s for approximately 65 investment managers and Not-for-Profit clients.

Fletcher-Barnhardt & White, Charlotte, NC

Promotional advertising company with 120 employees, 7 offices throughout Southeastern United States, and $50 million in annual sales.

Controller/Assistant Controller                                                                                  1992-1998

Managed financial and administrative activities for promotional advertising firm with multiple sites in North America.   Effectively managed cash flow as well as relationships with financial institutions and investors

Key achievements:                                                                                                                                 

  • Prepared monthly, quarterly, and annual divisional financial statements as required of public company.
  • Prepared and filed sales tax returns in 39 states.
  • Managed daily operations of Accounting, Credit, and MIS departments.
  • Developed intra-company allocation procedures resulting in successful creation of salesperson P&Ls.


Excel, Hyperion Essbase, PeopleSoft, ADP, Oracle, Vertex (Sales Tax), Spotfire, SalesForce,



Holy Cross College, Worcester, MA

Bachelor of Arts in Economics / Accounting

Professional Certifications

CPA State of North Carolina, 1994-2010

Specialties: Strategic Planning, Budgeting/Forecasting, Client and Product Profitability, Financial Analysis, Staff Development/Management, Internal Financial Controls.

Timothy Ribadeneyra can be reached here