Executive Presentation
An experienced finance professional, with expertise in:
developing and coordinating financial and management reporting structures
creating tailored financial models to implement corporate strategy points
effective communication of financial information to non-finance stakeholders
ensuring adequate financing and gearing for corporate purposes is in place
representing the company towards auditors and various public authorities
optimization of corporate cost structures and contractual compliance
fraud prevention and examination
Specialties: financial management, financial reporting, budgeting, MIS development, audit coordination, development of internal procedures, fraud investigation, contract negotiation and review, treasury and banking operations, financial analysis, training and employee development, fraud prevention, deterrence and examination.
Happy to assist you and your business grow your finance function or address business risks, or simply to make new professional acquaintances - reach out if you want to talk finance, accounting, fraud, reading or tennis.
Experience
DIRECTOR & owner, financengineer.com
July 2017 - Present
Director and owner of finance practice FinancEngineer.Com that specializes in financial and management for answers to complex business finance questions for several companies in real estate, gas drilling equipment, fashion and fitness equipment. For more details access FinancEngineer.Com or contact us using the form on this page.
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DIRECTOR & GROUP CFO, GLOBAL EYE INVESTMENTS GROUP
October 2016 - November 2019
Director for a group of 10 companies actively operating in retail, real estate and B2B.
Managing the operational, finance, tax and accounting processes for the said group; full P&L responsibility.
Streamlined the operations of the group by reassessing the tasks and responsibilities of the staff involved, deployment of a risk-based business approach, making transparent communication a key component of work, and simplifying redundant and time-consuming tasks and activities – this has resulted in the turnaround of a retail company that became profitable in the course of one year, after several loss-making years.
Remote coordination of multiple, multi-year audits of foreign entities.
Managing the biannual forecast and FP&A process for the group of companies, including the financial modeling required to support timely reporting of performance to group owner
Leading finance steering and target-setting meetings with operational management to optimize and align activities with owner targets
Involved in the selection, analysis and planning of a new ERP implementation (Microsoft’s Business Central) for a group of companies
Organizing the financing of the group operations and aligning the finance structure consistent with the owner guidelines
High-level management of treasury operations, including FX hedging and overdraft monitoring
Coordinating a team of 10, onsite and offsite collaboration
Key stakeholder in the recruitment process for operational staff across the group
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REGIONAL FINANCE LEADER, MASTERCARD EUROPE SA
June 2015 - October 2016
Managing the quarterly forecast and analysis process for a cluster of 5 countries in SEE (HU, RO, ISR, SLV, HR) with full local P&L responsibility
Preparation of management reporting, monthly and ad-hoc, to provide cluster management with operational efficiency measures and identify growth and vulnerable areas
Measurement of B2B customer performance and impact on future plans of the company
Development of sensitivity analyses for the macroeconomic factors and translation into financial impact for the cluster
Management of multiple million regional funds spending with issuer banks, acquirer banks and merchants within the cluster
Providing financial area support for various business teams and work in cross departmental projects and teams
Generating operational insights for the local commercial team and translating them into business opportunities for cross border commerce within CEE
Leading and managing a team of two staff
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GROUP FINANCE CONTROLLER, FASHION DAYS GROUP AG
October 2012 - June 2015
Prepared financial models and forecasts for Group and Local entities to support Advanced Pricing Agreements with local tax authorities
Improved financial reporting by simplifying work procedures and automating routine functions, saving an estimated 20 man-hours per month
Created and maintained the rolling working capital forecast tool, by using historical and budget data, for Group's liquidity for a 12-month time horizon across 10 operating countries, in order to locate future cash flow shortages to be covered by either sales push or additional financing
Managed multimillion credit facility and developed bank guarantee procedures to secure the commercial partnerships of the Group, to facilitate business development and to standardize workflow, while saving 50% of the allotted man-hours overall
Created and developed the profit center structure to match Group Management's requirements of financial data across functions and divisions, making the Group’s cost structure more transparent, comparable across territories and easier to consolidate by business unit
Assessed the effectiveness of internal controls and documented proposals for improvement to the Group CFO in order to adjust for potential risks and adapt procedures to actual business flows
Co-managed and mentored a shared-service team of 11 finance analysts and accountants, working to identify, prioritize and implement financial process improvements in the working capital business cycle
Developed Group-wide policy for non-current asset recognition in order to streamline the asset recognition process and comply with local, Group and IFRS standards
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GROUP FINANCE MANAGER, GAZ SUD GROUP
November 2010 - July 2012
Managed corporate restructuring processes i.e. capitalization of shareholder loans and renegotiation of various costs, thus improving the leverage of the Group
Led Group treasury and banking operations, managed multimillion working capital and investment loans refinancing, including bank guarantees to public institutions, in order to secure sufficient funds for development and reduce financial costs for the business
Coordinated internal and external financial reporting, including local reporting, tax reporting, IFRS Group reporting, improving and simplifying the reporting process
Took responsibility for proper bidding processes in place to source raw materials for technical departments
Managed, as a key contact person, external audits, tax and legal consultants
Simplified and maintained the 5-year Group budget, created suggestive dashboards of the financial and operational indicators for the Group, to enhance transparency, comparability and understanding of data by the shareholders
Analyzed and implemented interest rates swap to hedge the Group's exposure to EURIBOR fluctuations and compensate for the negative impact of interest rate fluctuations
Directed, mentored and appraised a team of 2 senior accountants and 3 accountants to ensure the quality of financial and operational reporting to the regulatory bodies on quarterly, semi-annual and annual bases, thus ensuring adequate disclosures within legal deadlines
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FINANCE MANAGER, ELMEC romania
November 2010 - July 2012
Created and maintained management accounts together with helpful ERP customizations to support the Information System for Group and Local Management, to analyze and restructure costs and understand sales and COGS variations in detail and by business unit
Directed the financing strategy in order to maximize financing resources for the Local Company in terms of working capital, investment loans, cash collection, bank guarantees and foreign exchange hedging, by re-negotiating better terms or refinancing existing deals
Prepared quarterly presentations on the Company’s financial evaluation for the Group Board and implemented all agreed recommendations
Developed financial models for the Company's business valuation, daily sales reports, and 12-month rolling cash flow forecasts, providing Management with a clear view of the business seasonality at micro and macro level, and key drivers for year-on-year fluctuations
Created, led and mentored a team of 2 financial analysts and 2 billing officers to ensure proper finance and banking day-to-day monitoring and to monitor the wholesale segment responsible for a significant portion of the Company's turnover for contracts, payments, guarantees, and risks
Freed up resources to prepare IFRS accounts in-house quarterly and ensuring response times during month closing improved
Managed as a key contact person the communication with tax specialists and lawyers to ensure legal compliance and reduced costs for the company as a result
Managed as a key contact person the external audit processes, reducing audit burden on company finance staff.
Overseen 3 external auditor changes in order to ensure smooth and timely reporting within Group and legal deadlines
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AUDIT ASSOCIATE, PRICEWATERHOUSECOOPERS ROMANIA
November 2010 - July 2012
Gained detailed understanding of retail, telecommunications, oil & gas, manufacturing and transportation industries, which enabled me to adapt quickly to job environment changes and have a versatile approach to work
Participated as team member in multiple external audit assignments as well as various agreed upon procedures and limited reviews, locally and abroad, thus learning how to audit, control and prepare financial statements under IFRS and Local GAAP’s (US, UK, German)
Underwent ISA audit methodology, IFRS and US GAAP training courses and updates to use in US companies’ audit assignments subject to SEC requirements
Languages
Skills
InterestS
Long reads fan
Staying up to date on scientific discoveries via specialized news sources, documentaries and books
Education
CIA, USA
CERTIFIED INTERNAL AUDITOR
Graduated November 2020
acfe, AUSTIN, TX, USA
CERTIFIED FRAUD EXAMINER
Graduated September 2018
ACCA, glasgow, UK
FELLOW CHARTERED CERTIFIED ACCOUNTANT
Member since March 2008
the academy of Economic studies, bucharest, RO
BACHELOR OF ECONOMICS, BUSINESS ADMINISTRATION
Graduated September 2003
special courses
Forensic Accounting and Fraud Examination, West Virginia University
Credential ID KBQ2JJZQZW
Completed December 2014
Certificate in Business Valuations, ACCA, Ordre des Experts-Comptables
Credential ID 0953051
Issued Apr 2022 · No Expiration Date