Gergely Németh

Gergely Németh Email and Phone Number

Head of FP and A Global Brands Supply @ Diageo
Hungary
Gergely Németh's Location
Hungary, Hungary
Gergely Németh's Contact Details

Gergely Németh work email

Gergely Németh personal email

About Gergely Németh

Experienced finance professional with a proven track record in project management under extreme tight deadlines. Ability to adopt to changes in the business environment with a desire to improve efficiency and quality. Track record of successfully setting up the finance organisation, setting budgetary control and manage liquidity of an international group. Extensive experience in financial reporting matters at large multinationals listed in the EU, UK and in the US; improving internal control systems (including shared service organisations). Achievements in solving technically complex issues and in implementing new accounting standards that require the understanding of financial reporting processes and IT environment. Demonstrated deep understanding of strategic planning & forecasting processes through integrating newly acquired businesses. Proven track record in the assessment of financial reporting consequences of significant international M&As and complex contracts.

Gergely Németh's Current Company Details
Diageo

Diageo

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Head of FP and A Global Brands Supply
Hungary
Website:
diageo.com
Employees:
32780
Gergely Németh Work Experience Details
  • Diageo
    Head Of Fp And A Global Brands Supply
    Diageo
    Hungary
  • Diageo
    Head Of Fp&A Global Brands Supply
    Diageo Dec 2023 - Present
  • Fusion Befektetési Zrt.
    Chief Financial Officer
    Fusion Befektetési Zrt. Jul 2022 - Sep 2023
    Budapest, Hungary
    Lead a team of 15, overseeing FP&A, accounting and tax administration, management and statutory financial reporting, treasury operations and financial (including commodity) risk management. • Became trusted business partner to the executive team. Enhanced the FP&A function to provide additional insight of revenue and cost trends to achieve improved profit margins through pricing, targeted marketing actions and enhanced cost control. I supported improving the net operating profit margin by 300bps.• I drove improvements in the forecasting process both in terms of timing and forecasting accuracy – the time to reforecast reduced to a period of a week during my tenure.• Established a formalised foreign exchange risk monitoring and risk management process. Established a regular liquidity management process that reduces concentration of credit risk and ensures free cash is utilised. I oversaw the process of tendering for commodity (electricity and natural gas) purchase agreements to reduce exposure to price risk.• Established an automated monthly financial reporting process to the board of directors, and automated quarterly financial reporting to board meetings.• I ensured the timely completion of a clean audit, and I also ensured no adverse tax findings. I improved the control framework of the group by establishing regular balance sheet reviews, and reviews of reconciliation accounts.
  • Diageo
    Head Of Group Technical Accounting
    Diageo Oct 2020 - Jul 2022
    Ensure Diageo group’s full compliance with IFRS and internal policies; ensure high level of service is delivered right first time to all key stakeholders. • Responsible for the accounting policy setting of Diageo group.• Ensure the compliance of Diageo group’s annual report with IFRS and with the UK and US regulatory requirements on financial reporting and disclosures.• Provide updates on the group’s Filings and Assurance Committee meetings on any significant financial reporting matters. Advise management and the Audit Committee on matters that are in the focus of the UK or US regulator.• Business partner to regional finance directors and regional finance controllers on structuring transactions. Manage a wide range of senior stakeholders, including the group controller, the group treasurer, the group CFO, regional and market finance directors and finance controllers, the Filings and Assurance Committee, the Audit Committee, the investor relations team, and the business development team.• Advise on the financial reporting implications of material and complex contracts and transactions and agree conclusions with the group auditor.• Advise to management and to the Audit Committee on FRC (UK regulator) or SEC (US regulator) comment letters.• Implemented regular updates on group reporting to the group’s regional and market finance teams to ensure compliance with the group accounting policies.• Completed the financial reporting integration of newly acquired businesses worth approximately $1 billion.• Enhanced the capabilities of the financial reporting team on highly complex matters (expert valuations of intangible assets acquired in business combinations) to bring down external advisor costs.
  • Diageo
    Acting Group Reporting Director
    Diageo Aug 2021 - Jan 2022
    Hungary
    Lead Diageo’s group financial reporting team of ~30 people, responsible for the end-to-end process of the group’s consolidated external reporting,including reporting policy setting, monitoring compliance, preparation of the consolidated financial reports of the group and effective management of the group audit relationship: • Responsible for the compliant external reporting in line with the requirements of UK and US listed entities (under IFRS).• Business partner to regional finance directors, regional finance controllers, and other group functions (investor relations, corporate relations, strategy and business development teams) on external reporting matters.• Implemented a revised governance process around the group’s external reporting to achieve a more efficient reporting process. Manage a wide range of senior stakeholders, including C-suite management.• Ensured the compliant and timely first time adoption of IFRS of a subgroup of Diageo for a statutory filing of consolidated financial statements in an EU jurisdiction.• Ensured that the group level impairment testing process is timely completed and audited.• Ensured effective talent and succession management in the team, and that the team is well staffed.
  • Diageo
    Financial Reporting Senior Manager
    Diageo Jun 2019 - Oct 2020
  • Innio Power
    Branch Controller
    Innio Power Nov 2018 - Jun 2019
    Hungary
    Finance controller of legal entities and branches over 20 countries, ensuring budget control, liquidity management, financial reporting and statutory compliance, and local tax compliance. • Successfully onboarded the new accounting (under IFRS and local reporting requirements) and statutory compliance function in over 20 countries, defined and reviewed metrics to control the quality of financial reporting and compliance.• Manage the budgeting process and ensure budgetary compliance.• Manage capital structure reviews, intercompany funding arrangements, and ensure appropriate levels of liquidity.• Manage the overall tax structure and monitor tax compliance.• Oversee statutory audits.• Partnered the finance IT team in the implementation of a new ERP in high complexity countries (eg. Brazil, Russia).• Act as the accounting operations leader and engaged in building a team in Hungary to transfer the R2R function of 12 FTEs – activities include the definition of required roles, setting up team structure, selection and hiring – for the entire group.• Setting up and maintaining a statutory and tax compliance tracker for the entire group.
  • Pwc
    Senior Manager
    Pwc Oct 2017 - Oct 2018
    Hungary
    Built high performing teams to complete the group audits of a FTSE TOP10 and a FTSE250 client with joint Hungarian-UK teams. Provided direction in setting the overall audit strategy and carry out audit work in accordance with relating laws and regulations (IFRS, Hungarian Accounting Regulations, tax laws across various countries) including evaluation and reporting on the entities’ control environment, risk assessment procedures, internal controls.- Supervised project planning, the execution of the audits to ensure adherence to quality requirements by providing timely review and clear communication of expectations.- Mentored and coached key team members and provided clear direction and guidance throughout the audit.- Communicated and resolved key issues with impact and empathy across external and internal stakeholders including top management.- Ensured budgetary control throughout the project and achieved efficiencies on the audits.Developed technical expertise and ensured development of specialist skills for team members within the group in areas, where previously no expertise was available in the Hungarian firm.- Led teams responsible for GAAP change adoption (developed teams responsible for the implementation of IFRS 15 – the new international financial reporting standard for revenue recognition – and IFRS 16 – the new standard on leases).- Developed business opportunities, established and maintained relationships with new and existing clients.- Completed IFRS transition and complex technical projects to a wide range of clients of financial institutions, retail and production clients.- Successfully adopted to changing business needs: learned and understood the financial services industry and successfully completed IFRS transition projects to banks.- Regular instructor of PwC Academy in Hungary.- Regularly publish technical articles in IFRS 15 and IFRS 16 topics.
  • Pwc
    Manager
    Pwc Oct 2012 - Sep 2017
    Hungary
    Assistant Manager from 2012 SeptemberManager from 2014 SeptemberMain responsibilities:- Manager on audits of FTSE 100 and FTSE 250 clients (including SOX integrated audit), responsible overall for the audit from the planning to reporting including internal and external stakeholder management, quality control, resource management, budget control- Managing audit teams of 5-10 people- Manager on GAAP change and IFRS transition projects both to simple entities and complex groups with responsibility for the overall project including business development and client relationship management- Regularly delivering trainings in IFRS, US GAAP and Hungarian Accounting Regulations- Regularly publishing in professional papers (SzakMa)- Responsible for stakeholder and expectation management at all levels (internal to team management and audit partners; external to teams and management)Experience and competencies:- Technical expertise in IFRS and US GAAP, instructing and presentation skills- Managing the expectations of all stakeholders of the project- Team leading, project management and coaching skills
  • Pwc
    Audit Associate-Senior Associate
    Pwc Sep 2008 - Sep 2012
    Hungary
    Main responsibilities: - Responsibility for the planning, field work and completion of audits and monitoring project milestones and communication with group and component auditors - Managing teams of 3-7 people and dealing with the expectations of all stakeholders - Instructing at several in-house training events Experience and competencies: - Audit of IFRS and HAR financial statements; SOX 404 audit of a NYSE listed entity - Team leading and project management skills - Presentation and instructing skills
  • Pwc Deutschland
    Manager
    Pwc Deutschland Nov 2016 - Feb 2017
    Frankfurt Am Main Area, Germany
    Involved in multinational GAAP change projects.
  • Ifua Horváth & Partners
    Trainee
    Ifua Horváth & Partners Mar 2008 - Jun 2008

Gergely Németh Skills

Ifrs Audit Assurance Financial Reporting English German Economics Auditing Accounting Internal Controls Financial Accounting Sox External Audit Consolidation Financial Analysis Cash Flow Coso Internal Audit Big 4 Us Gaap Financial Statements Financial Audits Sarbanes Oxley Act U.s. Generally Accepted Accounting Principles Shared Service Center International Financial Reporting Standards Group Financial Reporting Business Process Improvement Technical Accounting Research

Gergely Németh Education Details

Frequently Asked Questions about Gergely Németh

What company does Gergely Németh work for?

Gergely Németh works for Diageo

What is Gergely Németh's role at the current company?

Gergely Németh's current role is Head of FP and A Global Brands Supply.

What is Gergely Németh's email address?

Gergely Németh's email address is ne****@****ail.com

What schools did Gergely Németh attend?

Gergely Németh attended Acca, Via University, Budapesti Mûszaki És Gazdaságtudományi Egyetem.

What skills is Gergely Németh known for?

Gergely Németh has skills like Ifrs, Audit, Assurance, Financial Reporting, English, German, Economics, Auditing, Accounting, Internal Controls, Financial Accounting, Sox.

Who are Gergely Németh's colleagues?

Gergely Németh's colleagues are Alison Antolinez Cubillos, Ruizhao Sun, Michele (He/his) Griggio, Amyleith Castillo, Eszter Balogh, Russell Mitchell, Rosa Sanchez.

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