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Work Background
PwC SloveniaSenior Manager in Advisory Deals
Sep. 2024Ljubljana, Slovenia
Radio City d.o.o.Chief Financial Officer
May. 2022 - Aug. 2024Maribor, SloveniaRadio City in Maribor was acquired by a Hungarian media group managing the largest radio stations in Hungary. My main task as a CFO was to convert a previously privately owned small company into a corporate subsidiary, including tightened accounting rules, regular monthly reporting, cost optimization, development of a budgeting and forecasting system. Apart from CFO tasks, I also took on the role of HR manager, as well managing all legal matters of the company. I am one of the two local management members, covering also CEO/managing director tasks. Key achievements:
- Setting up of new finance & accounting processes including segregation of duties to ensure monthly reported figures are correct.
- Setting up of budgeting and quarterly forecasting process (previously non-existent).
- Cost optimisation, turning a loss-making company (net loss 2022: -100K EUR) into a profitable company (2023 FC Net profit: +70k).
- New systematisation of workplaces in Jan-23.
- Significant reorganisation in May-23 (10 out of 15 people left to competition).
- Ongoing negotiations with key authorities (IPF, SAZAS), implementing a generally accepted tariff calculation with IPF, now serving as industry standard.
- Optimization of the sales process.
- Controlling (daily and month-end tasks).
- Month-end reporting to the owners.
SENSILABExternal Advisor to Sensilab d.o.o.
Jun. 2021 - Mar. 2022LjubljanaAs Sensilab was taken over by Vision Healthcare Group in June 2021, I was helping the new owners to establish new processes in the Finance & Accounting field in order that we can close the month by the 5th business day of the next month. I was also helping with setting up a completely new budgeting process, monthly reporting to the Group and various other improvements. Key achievements:
- All finance & accounting processes including segregation of duties set up to ensure strict month-end closings as required by the Group.
- Implementation of Expense Reports & regular accounting of credit card & PayPal payments.
- New structure & preparation of the Budget 2022 and Business Plan 2023-2026 by brands, markets and channels.
- Allocation of central Ecommerce costs and other HQ costs to the various brands and revenue-making channels (Plan, Actual) with extensive use of Power BI
- Rules on Procurement, initial implementation of Purchase Orders
- Controlling (daily and month-end tasks)
- Month-end reporting to the Group
- Monthly consolidation inputs to the Group
PwCSenior Manager in Advisory
Apr. 2011 - May. 2021Ljubljana, SloveniaSenior manager of the Transaction Services Group of PricewaterhouseCoopers in Ljubljana, with more than 15 years deal experience. Specialized in providing buy side and sell side due diligence services, and vendor due diligence. Assisted in acquisitions in industries such as industrial manufacturing, logistics and transportation, retail & consumer products, telecommunications, publishing, energy – oil & gas, and real estate, and other sectors in Hungary, Croatia, Slovenia and Ukraine.
PwCSenior Manager - Transaction Services
Jan. 2006 - Mar. 2011Senior manager of the Transaction Services Group of PricewaterhouseCoopers in Budapest, with more than 8 years deal experience. Specialized in providing buy side due diligence services, completion account and agreed investigative reviews. Assisted in acquisitions in industries such as industrial manufacturing, logistics and transportation, retail & consumer products, telecommunications, publishing, energy – oil & gas, and real estate, and other sectors in Hungary, Croatia, Slovenia and Ukraine. Responsibilities on the engagements:
- Managing of projects of various sizes, ranging from the small real estate deals to the large international acquisition projects.
- Managing larger work groups (8-10 people), including the coordination and management of more regional teams at the same time.
- Coordination with the other advisors of the deal (tax, legal and environmental teams).
- The full management of assignments from the contracting till the issuance of the report; day-to-day communication with the clients on the progress of the project; regular presentation of findings to the clients; active participation on Management Meetings.
- Reviews of Sale and Purchase Agreements of the deals before signing by the clients. Key competences:
- “top-down” analysis of the companies’ business and an assessment of business risks;
- analytical procedures to compare past performance with budgets, forecasts and business plans;
- detailed review of medium and long term business plans, analysis of the reasonableness of business plan assumptions;
- sensitivity analysis of business plans;
- determination of recurring EBITDA;
- analysis of the companies’ historical balance sheets and income statements and cash flows;
- KPI performance overview;
- analysis of net debt and working capital position
ATCO Europe Ltd.Accounting Manager
Jul. 2004 - Dec. 2005Accounting Manager of a Hungarian modular building construction company, part of the Canadian ATCO Group. My group consisted of 4 employees. Responsibilities:
- General Ledger Accounting;
- Supervising the other accounting functions, such as Account Payables, Account Receivables, Bank and Petty Cash, Salaries, etc.);
- Accounting of semi-finished and finished products;
- Supervising the year-end stock counts;
- Monthly and yearly preparation of tax returns (VAT, corporate income tax, etc.)
- Regular preparation of reports to the Statistics Office and the National Bank of Hungary;
- Monthly closing and reporting to the Canadian parent company;
- Mapping of the Hungarian GAAP accounts and the monthly group reports prepared under Canadian GAAP;
- Preparation of the statutory financial statements under Hungarian GAAP.
PricewaterhouseCoopersManager - Transaction Services
Jul. 2003 - Jun. 2004Managing smaller and medium size financial due diligence projects on behalf of corporate investors and private equity firms, including various market sectors ranging from manufacturing, services, media and telecommunications to real estate. Responsibilities on the engagements:
- Managing medium size work groups (3-5 people).
- Coordination with the other advisors of the deal (tax, legal and environmental teams).
- The full management of assignments from the contracting till the issuance of the report; day-to-day communication with the clients on the progress of the project; regular presentation of findings to the clients.
PricewaterhouseCoopersSenior Associate, Audit and Business Advisory Services/ Transaction Services
Sep. 1997 - Jun. 2003Upon graduating from college in 1997, I joined PricewaterhouseCoopers at the audit and business advisory services department. During the first 6 years spent with PricewaterhouseCoopers I participated in different type of audit services (e.g. Hungarian statutory audit, IFRS and Canadian GAAP audit, internal audit) in a wide variety of industries (primarily in the construction, media and telecommunications industry and food industry). In 2000 I became also a member of PricewaterhouseCoopers’ Transaction Services group and provided due diligence services, primarily to financial and strategic investors in 2000-2003. Responsibility on the engagements:
- Auditing of the company (interim audit and final audit) – running the projects (statutory audit under local GAAP and reporting under Canadian GAAP and IFRS);
- Evaluation and test of controls – understanding, evaluating and documenting transaction flow and control activities and validating of control activities;
- Auditing financial statements (test of details and other substantive analytical procedures);
- Reporting to partner and statutory auditor (daily, weekly meetings);
- Coaching less experienced team members;
- Reporting to the clients (local management – daily basis), conference calls with owners of the company (owners and other subsidiaries in other countries), leading the meetings (closing, kick-off, etc.) and assist at the meetings, taking responsibilities over closing audit (invoicing, archiving audit files).
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