Welcome to CenenHerrera.net
Cenen R. Herrera is a Strategy Consultant and Chess Player whose overarching objective is to help create and sustain a culture of continuous innovation in the community that he is privileged to serve. Cenen’s career started at General Motors Pilipinas, Inc. in Asia (1980-1984), where he rose from GL Accountant to Senior Financial Analyst. His most remarkable accomplishment at GM was to be a part of a team that successfully implemented the GM 1240/GM 1210 Financial Forecasting System in Asia. Cenen’s expertise focuses on the formulation, execution, and evaluation of the design and operating effectiveness of the corporate strategies of an organization, e.g., controllership, treasury, risk management, auditing, ex-ante and ex post loan loss provisioning, income planning/resource management/liquidity forecasting, rolling budgets/flux analysis, financial dashboards/decisive financial indicators, grant element/present value accounting, capital adequacy/risk bearing capacity, scenario planning/shock analysis, stochastic/financial modeling, loan spread/front-end fee accounting, tactical/strategic financial gambits, FDICIA/SOX/FAR/DFARS/CAS Compliance, arbitrage/bootstrapping opportunities, financial engineering/derivative accounting, sovereign and commercial credit risk modeling, and other strategic functions such as Asset-Liability and Capital Gearing Management.
While working in a triple “A” rated multilateral organization – Asian Development Bank (ADB), Cenen periodically prepared multiple-currency financial statements in accordance with the U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards, helped successfully managed ADB’s multi-billion-dollar currency conversion programs, and initiated the presentation of the simplified financial statements on a per currency basis (69 currencies). Cenen was a member of its Pension Committee where he represented the voice of the national staff, and was also the Vice-Chairperson of its Staff Council where he argued against glass ceiling for supporting staff. In addition, Cenen was the Chairman of the Board of Directors of ADBEMC, a 1,300-strong multipurpose cooperative (7th largest credit union in the Philippines in terms of financial resources during his time) where he successfully implemented the balanced scorecard, and introduced the cooperative social fund to help the most vulnerable and least influential stakeholders of the communities.
Cenen held the position of Senior Credit Officer (prior to his retirement at ADB), and after working for about 22 years (1984-2006) in multilateral banking across Asia, Europe, Australia and North America, Cenen joined a leading global Business Consultancy firm (UHY Advisors headquartered at Albany, New York from 2006-2009) to become their Senior Enterprise Risk Management (ERM) Consultant with assignments in Iowa, California, New York, Arizona, Florida, Kansas, U.S.A., Copenhagen, Denmark, and London, United Kingdom. While at UHY, Cenen was assigned as a Senior ERM Consultant at Charles Schwab, Advent Software, Corel Corporation, and other U.S. companies.
Prior to his appointment to the U.S. Civil Service (2012), Cenen was the Vice President and Chief Financial Officer/Chief Advisor to the President of a U.S. based Restoration Company headquartered in Iowa, U.S.A. (LJ Roth Reconstruction, Inc. from 2009-2012), which has over 50 years of industry experience. Cenen reported directly to the Chief Executive Officer, member of the Executive Committee, and handled Finance, Human Relations, Information Technology, and Administrative Functions such as representing the company to Iowa Tax Authorities and Legal Counsel. Cenen was responsible for generating multi-million-dollar borrowing headroom/programs annually (we never missed a payroll during the great economic challenge of 2008-2012). Apart from introducing and effectively implementing open-book-management to enhance governance, continuous improvement for operational efficiency, and strategic synergy across functionalities, Cenen was also the editor-in-chief of the company’s quarterly newsletter.
From 2000 to 2006, Cenen was a Guest Lecturer in International Finance at the Bangko Sentral ng Pilipinas Institute (Central Bank of the Philippines), Faculty member of the Accountancy Department at De La Salle University, Adjunct Accounting Professor at Las Pinas Colleges, and Jose Rizal University, Member of the Board of Directors of Bulusan Institute, and was the Independent Auditor of Angelorum School. Cenen was also a Guest Lecturer at the M.A. Accountancy Program of De La Salle University.
In the nineties and eighties, while on various field assignments across Asia, Australia, Europe, and North America, Cenen was an active player both in the online and actual chess tournaments of the Robert “Bobby” Fischer Chess Club, where he had won several championship awards. Cenen was a member of the De La Salle University NCAA Chess Team in the late seventies where he played for Board numbers 1 and 2. In the mid-seventies, Cenen represented La Salle Green Hills in the annual Pepsi Cola Chess Tournaments, and won several chess championship trophies at the De La Salle College Chess Club.
Cenen is an active member of the San Francisco Bay Area Institute of Internal Auditors (IIA-NCEB, U.S.A.) where he is a Certified Internal Auditor, Financial Management Certified (United States Department of Defense), Certified Public Accountant and Life-Time Sustaining Member of the Philippine Institute of Certified Public Accountants (PICPA), Member of the PICPA Education Committee (2004-2006), Certified Management Accountant (ICMA-Australia), Certified Basel II Professional (United Kingdom), and holds an M.B.A from the Ateneo de Manila University. Cenen is a product of De La Salle College - DLSC71, La Salle Green Hills - LSGH75, De La Salle University - DLSU80, and completed doctoral level work at the De La Salle University (2003-2006) - Animo La Salle!