Jose is available for hire
Hire JoseJose Antonio Arean
Verified Expert in Finance
Finance Expert
Location
Mexico City, Mexico
Toptal Member Since
April 16, 2017
Jose has directly executed valuations worth over $10 billion and founded Firmus—a firm offering advice in finance and economics. As a freelance, he provides his clients with robust and thorough analyses to help them achieve optimal decisions. In addition to working extensively with public companies in financial modeling and management, Jose has acted as an international expert witness in commercial disputes and as an outsourced CFO for startups.
Investment AnalysisGrowth StrategyBusiness Plan ConsultingMarket SizingFinancial ForecastingStructured FinanceExcel ExpertInterim CFODue DiligenceCorporate FinanceMarket ResearchFinancial ModelingFinancial Planning & Analysis (FP&A)Project FinanceValuationReal Estate Financial ModelingFinancial EngineeringFinancial ManagementEconomic DevelopmentIPO ConsultingReal EstateEconometricsIndustryAviationConstruction
Career Highlights
CEO
Firmus Consulting
Financial Analyst and Director
Serficor
Education Highlights
Specialty Degree
Mexican College of Civil Engineers
Master's Degree
National University of Mexico
Bachelor's Degree
National University of Mexico
Certification Highlights
Investment Philosophies
Stern School of Business at NYU
Applied Corporate Finance
New York University
Advanced Valuation (High Honors)
Leonard N. Stern School of Business, NYU
Industry Expertise
Other Expertise
Work Experience
Business Consultant
2020 - PRESENT
Freelance
- Reviewed in-house valuation models for a home equity investment fund with operations in the US. I applied advanced valuation techniques such as Monte Carlo simulation.
- Prepared a financial model for an investment fund in multifamily housing projects in the US. The model included the three basic financial statements, built from bottom to top, to allow individual project forecasts and a consolidated view.
- Prepared a revenue forecast model for a private school operation in the Western US. The model included a Monte Carlo simulation module that evaluates market risk and the expected performance of the sale effort.
- Improved and expanded an existing corporate financial model for a real estate startup with operations in the Eastern US. Support was centered on incorporating additional tests, rigor, and sophistication into the financial model.
- Handled the valuation of a hotel operation in New Jersey. The client was seeking to determine an offering price to acquire the asset.
- Developed a financial model for an oil and gas services company. It was designed to forecast and follow up operations featuring a module for asset utilization that translates into three financial statements: P&L, balance sheet, and cash flows.
- Prepared the business plan for a retail operation of streetwear and accessories in the Western US, including market and competitive analyses, customer profiling, and financial plans.
- Performed the valuation of a casting agency. The process involved a review of the company's business plan, sales forecast, operating cost analysis, financial projections, determination of discount rate, and valuation report of equity for the client.
- Handled the valuation of a restaurant operation in NYC, comprising a review of the company's business plan, sales forecast, operating cost analysis, financial projections, determination of discount rate, and valuation report of equity for the client.
- Prepared a business plan for a retail company in streetwear, including an executive summary, company overview, industry analysis, customer analysis, competitive analysis, marketing plan, operations plan, management team, and financial plan.
Focus areas: Financial Planning & Analysis (FP&A), Valuation, DCF Modeling, DCF Valuation, Education, K-12 Education, Private Educational Projects, Market Sizing, Hospitality, Monte Carlo Simulations, Real Estate, Financial Modeling, Business Planning, Market Research, Industry Analysis, Civil Works, Business Plan Consulting, Growth Strategy, Retail & Wholesale, Tourism, Hotels & Lodging, Debt Financing, Equity Research Analysis, Project Budget Management, Annual Budgets, Key Performance Indicators (KPIs), Board Presentations, Capital Budgeting, Capital Structure Analysis, Profit Maximization, Tax Minimization, Investment Analysis, Foreign Exchange, Project Bidding, Financing, English-Spanish Translation, Economic Analysis, Budget Modeling, Fundamental Analysis, Microsoft Word, Credit Risk, Finance Strategy, Cost of Capital, Weighted Average Cost of Capital (WACC), Profit & Loss (P&L), Commercial Real Estate, Working Capital Management, Microsoft Excel, Risk Analysis, United States, Mexico, Strategy, Finance, Financial Analysis, Benchmarking, Equity Capital, Profit Ratio Statements, Valuation Multiples, Debt, Cost of Debt, Excel Modeling, Budgeting, Three-statement Modeling, Equity Investment, Private Equity Valuation, Residential Real Estate, Equities, Dividend Policy, Country Risk, Capital Asset Pricing Model (CAPM), Capital Structure Optimization, Beta Regression, Bottom-up Beta, Return on Invested Capital (ROIC), Project Evaluation, Reinvestment Rate, Earnings Analysis, Growth, Valuation Modeling, Discounted Cash Flow (DCF), Investments, Construction, Costing, Stock Market, Statistical Forecasting, Sales Forecasting, Financial Forecasting, Profitability Analysis, Waterfall Modeling, Scenario Analysis, Business Models, Equity Research, Analysis, Revenue & Expense Projections, Statistical Analysis, Restaurants & Dining, Private Company Valuation, RFP Pricing, Comparable Company Analysis
CEO
2001 - PRESENT
Firmus Consulting
- Founded Firmus Consulting, delivering advice to private firms and government agencies. In 2022, the firm directly executed business valuations worth $6 billion.
- Served as an outsourced CFO and board member for a UK oil-and-gas startup in Latin America that achieved annual sales of up to $10 million; also participated in the winning bid preparation.
- Directed and supervised the valuation of nine sugar mills in Mexico worth $500 million that were later sold to the private sector. The effort involved six consulting companies and 60 professionals.
- Valued a premium $120 million land property in Baja, Mexico, for office and housing projects (1,200 acres).
- Managed the debt restructuring of a public facility worth $235 million and restructured the indentured contract regarding debt coverage ratios concerning dividend payments. CDPQ is a shareholder in the venture.
- Completed an expert witness report to support the reimbursement of $200 million in damages to an EPC contractor led by GE on a $1 billion hydroelectric project.
- Conducted an M&A valuation of an amusement water park acquired by Six Flags. Tariff structure was also developed based on an elasticity analysis I performed based on a supply-demand exercise.
- Evaluated economic contribution of anglers to Los Cabos: Billfish Foundation sponsored a study to estimate benefits from sport fishing at Los Cabos. The study is now an international reference in the Interdisciplinary Environmental Review, 2010.
- Completed the valuation of seven high-end hotels operating under premium brands: Four Seasons, Rosewood, Banyan, and One & Only, among others.
- Determined optimal pricing strategies for construction projects, power generation, and cane sugar.
Focus areas: IAS 36, PPP Projects, Infrastructure, Monte Carlo Simulations, Debt Restructuring, Due Diligence, Mergers & Acquisitions (M&A), Financial Analysis, Investment Banking, IFRS Financial Reporting, Forecasting, Valuation, Financial Risk Assessment, Financial Reporting, Financial Planning & Analysis (FP&A), Financial Modeling, Financial Management, Strategy, Finance, Real Estate, Corporate Finance, Asset-based Finance, Project Finance, Fundraising, Hospitality, Sustainable Development, Interim CFO, CFO, IAS Preparation, IFRS 9, Fair Value in Reporting, Lease Accounting, Goodwill Impairment, Market Research, Industry Analysis, Retail & Wholesale, Tourism, Amusement Parks, Casinos & Gaming, Civil Works, Distressed Assets, Econometrics, Business Plan Consulting, Growth Strategy, Telecommunications, Oil & Gas, Natural Gas, Hotels & Lodging, Agribusiness, Golf Courses, Aviation, Food, Debt Financing, Equity Research Analysis, Term Sheets, Financial Engineering, Project Management, Project Budget Management, Agriculture, Board Membership, Annual Budgets, Key Performance Indicators (KPIs), Financial Training, Board Presentations, Capital Budgeting, Capital Structure Analysis, Profit Maximization, Tax Minimization, Investment Analysis, Foreign Exchange, Offering Documents, Teaching, Project Bidding, Financing, IFC, Toll Roads, Airports, Waste Management, Marine Ports & Infrastructure, Marinas, Power Generation, Power Transmission, Multipurpose Pipelines, Fiber Optics, Tariff Analysis, Transfer Pricing, Arbitrage, Expert Witness, English-Spanish Translation, Stock Exchange, Economic Analysis, Budget Modeling, Training & Training Content Development, Training, Right-of-way Appraisal, Fundamental Analysis, Fairness Opinion Reports, Microsoft Word, Credit Risk, Finance Strategy, Unit Pricing, Building & Construction, Cost of Capital, Weighted Average Cost of Capital (WACC), Profit & Loss (P&L), Sugar Mills, Commercial Real Estate, Working Capital Management, Microsoft Excel, Risk Analysis, Bolivia, United Kingdom, United States, Spain, Costa Rica, Mexico, Energy, IFRS 3, Benchmarking, Financial Restructuring, Equity Capital, Profit Ratio Statements, International Development & Economics, Valuation Multiples, Debt, Cost of Debt, Excel Modeling, Financial Asset Impairment Models, Budgeting, Stock Analysis, Three-statement Modeling, Equity Investment, Private Equity Valuation, Asset Securitization, Asset-based Lending, Residential Real Estate, Equities, Dividend Policy, Country Risk, Capital Asset Pricing Model (CAPM), Capital Structure Optimization, Beta Regression, Bottom-up Beta, Return on Invested Capital (ROIC), Project Evaluation, Reinvestment Rate, Earnings Analysis, Growth, Business Life Cycle, Bankruptcy & Insolvency, Cross Holding, Valuation Modeling, Discounted Cash Flow (DCF), Investments, Investment Portfolio Management, Development Appraisal, M&A (Sell-side), Logistics & Warehousing, DCF Modeling, DCF Valuation, Construction, Construction Contracting, Costing, Stock Market, Market Sizing, Shares, Statistical Forecasting, Sales Forecasting, Transportation & Shipping, Security, Expense Management, Financial Forecasting, Profitability Analysis, Waterfall Modeling, Scenario Analysis, Business Models, Reporting, Equity Research, Analysis, Revenue & Expense Projections, Marine Engineering, Statistical Analysis, Information Memoranda, Structured Finance, Restaurants & Dining, Private Company Valuation, Condition Assessment Marinas, Capital Raising, Pricing Strategy, Comparable Company Analysis, Credit/Debt
Financial Analyst and Director
1995 - 2001
Serficor
- Valued and restructured $600 million of debt held by a vertically integrated edible vegetable oils and shortenings company located in Southeastern Mexico.
- Reviewed the business plans and valued several firms in diverse sectors: non-woven fabrics, auto parts, and ASTM publishing (companies worth over $50 million).
- Advised on the IPO plan for a wholesale and retail firm operating across Mexico under the 7-Eleven brand. The service included the valuation of the ongoing business through discounted cash flows and market multiples methods.
- Valued Barilla's business plan to expand into Mexico via brand acquisition. Discounted cash flows and multiple valuation models were prepared to value a portfolio of brands worth over $80 million.
- Valued and negotiated the debt restructuring of an all-inclusive hotel operation in the Sea of Cortez (worth $30 million).
Focus areas: Distressed Assets, PPP Projects, Infrastructure, Due Diligence, Financial Analysis, Investment Banking, Forecasting, Financial Modeling, Valuation, Asset-based Finance, Finance, Real Estate, Capital Structure Analysis, Corporate Finance, Project Finance, Debt Restructuring, Mergers & Acquisitions (M&A), Market Research, Industry Analysis, Retail & Wholesale, Tourism, Civil Works, Fair Value in Reporting, Business Plan Consulting, Growth Strategy, Edible Oils, Hotels & Lodging, Education, Debt Financing, Equity Research Analysis, Term Sheets, Financial Engineering, Project Budget Management, Prospectus Drafting, Annual Budgets, Key Performance Indicators (KPIs), Board Presentations, Capital Budgeting, Profit Maximization, Tax Minimization, Investment Analysis, Foreign Exchange, Offering Documents, Teaching, Project Bidding, Financing, Toll Roads, English-Spanish Translation, Stock Exchange, Economic Analysis, Budget Modeling, Training, Fundamental Analysis, Microsoft Word, Credit Risk, Finance Strategy, Cost of Capital, Weighted Average Cost of Capital (WACC), Profit & Loss (P&L), Commercial Real Estate, Working Capital Management, Microsoft Excel, Risk Analysis, Mexico, Financial Restructuring, Equity Capital, Profit Ratio Statements, Valuation Multiples, Debt, Cost of Debt, Excel Modeling, Budgeting, Three-statement Modeling, Equity Investment, Private Equity Valuation, Asset-based Lending, Equities, Country Risk, Capital Asset Pricing Model (CAPM), Beta Regression, Bottom-up Beta, Return on Invested Capital (ROIC), Project Evaluation, Earnings Analysis, Growth, Business Life Cycle, Bankruptcy & Insolvency, Fundraising, Valuation Modeling, Discounted Cash Flow (DCF), Investments, M&A (Sell-side), DCF Modeling, DCF Valuation, Costing, Automotive, Stock Market, Shares, Statistical Forecasting, Sales Forecasting, Expense Management, Financial Forecasting, Profitability Analysis, Scenario Analysis, Business Models, Equity Research, Analysis, Revenue & Expense Projections, Statistical Analysis, Structured Finance, Hospitality, Private Company Valuation, Capital Raising, RFP Pricing, Comparable Company Analysis, Credit/Debt
Financial Analyst and Director
1991 - 1995
HSBC
- Prepared the financial model and part of the prospectus in the issue of a $600 million debt financing for the construction of the Huites dam project in Northern Mexico. Bear Sterns and Lehman Brothers issued a Eurobond.
- Led the preparation of Babcock & Wilcox's commercial proposal for the construction and operation of the coal terminal in Lázaro Cárdenas port (worth $250 million).
- Created the privatization plan for the Mexican ports in the State of Quintana Roo that formed part of the Port Reform Act of 1993.
- Obtained letters of intent from banks to support the ICA Group and Cydsa's financial proposals for sewer treatment plant projects in Mexico (worth $30 million).
- Valued and prepared a prospectus for Acer IPO in the NYSE and Mexican Bolsa.
Focus areas: PPP Projects, Infrastructure, Debt Restructuring, Due Diligence, Financial Analysis, Investment Banking, Forecasting, Valuation, Financial Planning & Analysis (FP&A), Strategy, Financial Modeling, Asset-based Finance, Finance, Real Estate, Corporate Finance, Project Finance, Market Research, Industry Analysis, Civil Works, Mergers & Acquisitions (M&A), IAS Preparation, Business Plan Consulting, Growth Strategy, Tourism, Hotels & Lodging, Debt Financing, Equity Research Analysis, Term Sheets, Financial Engineering, Project Management, Project Budget Management, Initial Public Offerings, Prospectus Drafting, Annual Budgets, Key Performance Indicators (KPIs), Board Presentations, Capital Budgeting, Capital Structure Analysis, Profit Maximization, Tax Minimization, Investment Analysis, Foreign Exchange, Offering Documents, Project Bidding, Financing, Broker Dealers, IFC, Toll Roads, Marine Ports & Infrastructure, Power Generation, Tariff Analysis, English-Spanish Translation, Stock Exchange, Economic Analysis, Budget Modeling, Fundamental Analysis, Equity Financing, Microsoft Word, Credit Risk, Finance Strategy, Building & Construction, Cost of Capital, Weighted Average Cost of Capital (WACC), Profit & Loss (P&L), Working Capital Management, Microsoft Excel, Risk Analysis, Mexico, Benchmarking, Financial Restructuring, Equity Capital, Profit Ratio Statements, Valuation Multiples, Debt, Cost of Debt, Excel Modeling, Budgeting, Stock Analysis, Three-statement Modeling, Equity Investment, Asset-based Lending, Asset-backed Securities (ABS), Equities, Dividend Policy, Country Risk, Capital Asset Pricing Model (CAPM), Capital Structure Optimization, Beta Regression, Bottom-up Beta, Return on Invested Capital (ROIC), Project Evaluation, Earnings Analysis, Growth, Fundraising, Discounted Cash Flow (DCF), Investments, DCF Modeling, DCF Valuation, Construction, Costing, Stock Market, Shares, Statistical Forecasting, Sales Forecasting, Transportation & Shipping, Financial Forecasting, Profitability Analysis, Scenario Analysis, Business Models, Equity Research, Analysis, Revenue & Expense Projections, Statistical Analysis, Information Memoranda, Structured Finance, Capital Raising, Pricing Strategy, RFP Pricing, Pricing, Convertible Debt, Credit/Debt
Financial Analyst
1988 - 1991
ICA
- Prepared the financial models for the winning bids of over 2,000 km of toll road concessions worth $12 billion.
- Led the financial modeling for financing the La Zurda water supply project in Guadalajara City. A syndicate of banks advanced funds for $300 million.
- Developed the financial models for the bids of urban public service concessions projects—resulting in winning the concession to operate the Aguascalientes City water supply and drainage system (population of 1 million).
- Created and managed the financial modeling for a cruise ship terminal project in Cozumel, México.
- Prepared board presentations for the CFO of a company listed in the NYSE and the Mexican Bolsa.
Focus areas: PPP Projects, Infrastructure, Due Diligence, Financial Analysis, Forecasting, Valuation, Financial Planning & Analysis (FP&A), Financial Modeling, Corporate Finance, Project Finance, Market Research, Industry Analysis, Civil Works, Business Plan Consulting, Growth Strategy, Tourism, Hotels & Lodging, Food, Debt Financing, Equity Research Analysis, Financial Engineering, Project Budget Management, Annual Budgets, Key Performance Indicators (KPIs), Board Presentations, Capital Budgeting, Capital Structure Analysis, Profit Maximization, Tax Minimization, Investment Analysis, Foreign Exchange, Offering Documents, Project Bidding, Financing, IFC, Toll Roads, Airports, Waste Management, Marine Ports & Infrastructure, Power Generation, Power Transmission, Multipurpose Pipelines, Tariff Analysis, English-Spanish Translation, Stock Exchange, Economic Analysis, Budget Modeling, Fundamental Analysis, Microsoft Word, Credit Risk, Finance Strategy, Unit Pricing, Building & Construction, Cost of Capital, Weighted Average Cost of Capital (WACC), Profit & Loss (P&L), Commercial Real Estate, Working Capital Management, Microsoft Excel, Risk Analysis, Mexico, Energy, Finance, Benchmarking, Equity Capital, Profit Ratio Statements, International Development & Economics, Debt, Cost of Debt, Excel Modeling, Budgeting, Three-statement Modeling, Equity Investment, Asset Securitization, Asset-based Lending, Residential Real Estate, Equities, Dividend Policy, Country Risk, Capital Asset Pricing Model (CAPM), Beta Regression, Bottom-up Beta, Return on Invested Capital (ROIC), Project Evaluation, Earnings Analysis, Growth, Discounted Cash Flow (DCF), Investments, DCF Modeling, DCF Valuation, Construction, Costing, Stock Market, Statistical Forecasting, Sales Forecasting, Transportation & Shipping, Expense Management, Financial Forecasting, Profitability Analysis, Scenario Analysis, Business Models, Reporting, Analysis, Revenue & Expense Projections, Marine Engineering, Statistical Analysis, Information Memoranda, Structured Finance, Pricing Strategy, RFP Pricing, Pricing, Convertible Debt
Education
2012 - 2013
Specialty Degree in Business Valuation
Mexican College of Civil Engineers - Mexico City, Mexico
2004 - 2007
Master's Degree in Finance
National University of Mexico - Mexico City, Mexico
1978 - 1982
Bachelor's Degree in Civil Engineering
National University of Mexico - Mexico City, Mexico
Certifications
MARCH 2024 - PRESENT
No Code AI and Machine Learning: Building Data Science Solutions
Massachusetts Institute of Technology
JUNE 2021 - PRESENT
Investment Philosophies
Stern School of Business at NYU
JANUARY 2020 - PRESENT
Applied Corporate Finance
New York University
JANUARY 2019 - PRESENT
Advanced Valuation (High Honors)
Leonard N. Stern School of Business, NYU
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