Director On Economics & Finance / Chief Financial Officer
First Satellite Company
Saint Petersburg, Russia
Multi-channel retail in consumer electronics, sales under brands Cyberry, MT-online, NLE, Tricolor. Annual sales is over $600 mln.Supervision of activity of the 3 divisions: Planning and economic (11 persons), accounting (50 persons), Treasury (6 persons); Redesign of business processes in the controlled units (including the setting of requirement specification to IT dept for appropriate software development), optimization of number of employee (10 employees cut), creation of regulations governing the activities of the supervised divisions within the Finance department;Initiation of business process changes aimed to IPO compliance requirements.Optimization of legal structure of holding, cutting of general and administration expenses;Set up of more efficient methods of cash management (cash gaps), cooperation with bank in regard of fund raising;Manage of Loan portfolio, finding the optimal short and long term structure;Supervision of budget process within the group of companies;Managing cash flow process over controlled entities;Control over the price setting in the group;The analysis of financial activities (analysis of margins by product line (CM analysis, business units, trends);Preparation of recommendations for optimizing the company's expenses (cost saving); Assessment of tax risks, development of recommendations for structuring the Group in order to minimize / mitigate risks; Supervision of preparation of IFRS FS; Communication with External auditors (both for RSA and IFRS audit issues);New projects analysis (financial modeling, calculation of payback, NPV, IRR); Team selection and hiring (search and selection of employees in the controlled units), team coaching; Participation in M&A transaction, integration of purchased bussines into the Group, setting up of financial managment principals accepted in the Group to the newly aquired business