London, England, United Kingdom
Chief Financial Officer with substantial experience in Accounting, Finance, Tax, HR and Business Automation in UK, Germany, France, Italy, Netherlands, Russia, Poland, Scandinavia, and more recently covering Latin America (Brazil and Argentina). Achievements - Large seven figure negotiated settlements with EU Business Partners. - Achieved large eight figure deals for the sale of Tax Credits in Brazil. - Closed down factory and negotiated settlement with Trade Union (230 redundancies) resulting in large seven figure cost saving. - Negotiated Transfer Pricing settlement and saving of large seven figure sum with Tax Authorities. - Achieved large seven figure cost reduction savings since took over and restructured EU business segments. - Achieved large seven figures deals in Brazil for sale of Tax Credits with private equity firms. (PIS COFINS and IPI) - Achieved large seven figure negotiation settlement in Argentina with key business client. - Led significant business restructuring and cost reduction measures across in Germany, Italy and France, and in line with product diversification strategy. - Integrated automated processes across all European Divisions including On Line volume based business leading to significant cost savings. - Set up KPI and Performance Management system ensuring efficient and streamlined resource across the business making it as lean as possible, with Revenue per head of large seven figure sum. - Direct involvement and lead in several M&A projects – circa large eight figure deals. - Set up strong credit risk management based systems for Account Receivables resulting in no material claims throughout Europe by combination of Credit Insurance, Bank Guarantees, Letters of Credit and implemented Invoice Discounting schemes with biggest customers. - Strong leadership on A/R and cash flow Management to ensure on time payment reduced debtor days and maximised working capital. - Lead in several business automation projects, resulting in large cost savings. - Synergised several divisions within Humax Europe leading to strong efficiency improvements across the board and has large cost reduction. - Strong awareness of Legal issues and lead person for all litigation strategies (Contract disputes, IP, Trademarks, Employment Law). Specialties: Accounting, Tax, Financial Instruments, Commercial Business Acumen, Negotiation, Risk Management, Leadership.
Initially employed as Accountant from April 1999 but promoted in July 2001 to Finance Manager and promoted in November 2010 to Finance Director for Europe and CIS Region (included Germany from Jan 2012). Distributor of Digital Set Top Boxes for B to B and B to C markets). European Division Revenues £250mil,Group Revenues £650mil. Reporting directly to President for Europe with link to Group CFO in South Korea (Ultimate Parent). Responsible for Accounting and Finance of all European Markets – setting up and maintaining presences in Poland, France, Spain, Sweden, Netherlands, Italy, Germany and Russia.(Revenues £250 mil) Responsible for Accounting and Finance of On Line Business Segment (www.humaxdirect.co.uk). Turnover > £10 million; EBIT £1mil. Budgetary control and maintenance and cash flow and treasury management across all European Divisions. Year End detailed reporting within tight deadlines surrounding year end audit and key contact for Auditors, Bankers, Insurers and HMRC. Responsible for all direct and indirect taxes including Transfer Pricing. Responsible for monthly financial reporting and analysis within 5 working days of month end, using SAP software Account Receivable management within credit limits, L/C’s and other forms of finance Overall responsibility for payroll function including overseeing year end functions and director self-assessment tax returns Stock ageing control and maintenance Ensure sound systems of internal control on all financial areas
Preparation of Monthly Managements Accounts for 2 companies, Manufacturing Analysis, Budgets and Cashflow Preparation, A/R and A/P Control, Cost Reduction
Support Preparation of Monthly Management Accounts, Year End Preparation, Payroll Preparation, support A/R and A/P