Yury Vanegas

• Lead of the finance transition from KM to KMMA Airlines:
• Mapping of the accounting logic, Design of the new interface, Data Migration, Automated Invoice implementation,.
• New RA system configuration, Oracle integration.
• Complete revenue accounting cycle for two airlines.
• Fare and ticketing auditing to protect the revenue integrity.
• Forecasting and provisions.
• Participating with Commercial on the pursuit of new clients
• Consultancy to review the finance processes in APG Airlines to recommend the best solution in terms of ERP and Revenue Accounting System.

• I designed and implemented the Cost center structure for the group in SAP in order to compare the budget with the actual figures and identify potential cost efficiencies.
• In charge of handling the complete finance department including Accounting.
• Treasury, Supervision of the logistic operation center.
• Forecasting, cash flow and project evaluation.
• In charge of relationship with the banks.

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• In charge of the financial project of the new low-cost airline creation: Wingo Airlines, coordinating the integration of the PSS with the ERP system.
• Leader of the project of refund centralization that include process automation to reduce the lead time as well as to increase the accuracy on refund calculation.
• Leader as program manager of the cargo system implementation for Copa Airlines: Selection of the system, migration of the information, integration with the ERP, definition of the business rules and controls.
• Project leader in the Revenue Accounting system implementation for Copa Airlines: Finding the correct solution, helping with creation of the new system: ALTRA PRA that is now being used by Qatar Airways, Copa Airlines, Oman Airlines.
• Project expert in the Copa’s PSS implementation: PSSs assessment, gap analysis, technical integration for the finance side,.
• Project Leader on the IFRS 15 implementation for Copa Airlines.
• As operational Director: In charge of the complete accounting cycle and SOX controls for the revenue direction.
• In charge of the Form of Payment strategy, negotiating with the main global credit card processors and determining the optimization of the credit card flows among different countries to obtain lower costs and higher conversion rates.
• Revenue accounting cycle: Technical management following IATA standards as well as IFRS standard, IFRS 15 implementation for Copa.
• In charge of Special Proration Agreements between Copa and other airlines monitoring, configuration and implementation following IATA standards and guaranteeing the CM profitability and revenue integrity.
• Working on special projects with the Commercial Department in order to support their strategy in terms of markets, products, revenue and new FOPs.
• In charge to review and provide the revenue statistics for decision making process as well as forecasting process.
• Revenue auditing process: in charge of all revenue accounting auditing to guarantee to preserve the revenue integrity for the airline,.
• Fraud prevention: In charge of fraud prevention department handling Card not present fraud prevention strategy; chargeback handling in compliance with the credit card franchises and to maximize the balance between card not present sales and fraud indicators.
• Budgeting for all the accounts in charge of Revenue Accounting Direction

• In charge of departments of: Payroll, Accounts Payable, Accounts Receivable, Cash Accounting and all Controllers in the different countries.
• Together with Accounts Receivable Manager, in charge of credit and risk analysis to the cargo segment.
• Process enhancement in payroll department, including Business Case to upgrade system and creating the required controls to guarantee the correct employee remuneration.
• Review the tax regulation over the different countries to comply with the government requirements.
• Budgeting process to all Financial Services areas,.
• Review of the financial results for the operational areas such as Airports, maintenance; etc.

• Complete accounting cycle for Copa Revenue Department,.
• Budgeting and forecasting preparation, Budget execution review and report.
• Special reports of yield and market profitability, Revenue Auditing and Fraud Prevention.
• Consolidation of all revenue variations and intercompany eliminations,.
• In charge of CM revenue statistics, Support in investment analysis.
• Revenue integrity and recognition.
• In charge of Passenger Liability control.
• Leader of new revenue accounting system implementation.

• Work with the operational area (Airports and Onboard Services) in preparation and review of the annual Budget.
• Monthly Budget execution report,.
• Support the operational division in finding cost saving opportunities and processes enhancement.
• Non-Quality Costs identification for the Passenger Servicing VP and mitigation plans.
• Financial forecasting.
• Preparation of Business Cases and Project assessment.
• I implemented ABC costing for all Latin American airports.
• Top management special reports.

• Closing month process.
• Accounts payable supervision,.
• HFM uploading for Panama Agency.
• Annual Budget and five-year budget.
• Cash Flow handling.
• Special reports for top management,.
• Accounts receivable reconciliation and follow up.

• In charge of SAP Business One implementation
• Complete accounting cycle supervision,
• Financial statements preparation and consolidation
• Internal controls,
• inventory supervision,
• Financial forecasting and projections,
• cost analysis,
• Fleet administrator, In charge of marine's payroll, boats legal documents preparation.