Most Romanian entrepreneurs experience significant stress when it comes to financial management. Navigating the complexities of finance—like Cash Flow, P&L reports, and performance metrics—can be overwhelming without the right tools and expertise. As a result, many entrepreneurs struggle to maintain profitability and achieve their growth objectives.Here are some common challenges I see:✔️Feeling lost in a sea of numbers, leading to anxiety and poor financial decisions.✔️Inability to effectively track expenses or create accurate P&L and Cash Flow reports, resulting in unexpected cash shortfalls.✔️Without the right financial insights, businesses risk stagnation rather than growth.How can you build a robust financial strategy that supports your entrepreneurial dreams?Here’s how I can help:✅One-on-one financial consultations and coaching to clarify your unique financial situation.✅Comprehensive cash flow management strategies that keep your business healthy and prepared for growth.✅Detailed financial planning, including tailored P&L reports, Budgets, and Forecasts, to guide your long-term success.By working together, you will gain more than just numbers on a page. You’ll have the clarity and actionable insights needed to make smarter decisions, avoid costly mistakes, and confidently take your business to the next level.P.S. Every successful entrepreneur started with a single step—just make sure that step includes a solid financial plan!#maimultdecatcifre
Self-Employed
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Fractional Cfo | Financial Advisor For Founders, Smes And Investors | Board AdvisorSelf-EmployedBucharest, Bucharest, Ro
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Experienced Financial Advisor For Romanian Entrepreneurs | Fractional CfoSelf-Employed Aug 2023 - PresentBucharest, RomaniaI have a passion for achieving financial excellence by creating and executing financial strategies. I have extensive experience coordinating and managing projects and teams across many cultures. With a 17-year foundation in financial management, strategic planning, controlling and reporting, my contributions to companies across diverse industries have been significant.
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Regional Cfo Central EuropeCofco International Nov 2021 - Jul 2023Bucharest, Romania• Enhancing corporate financial health and promoting error-free fiscal reporting functions by implementing rigorous controls and checks with full accountability over balance sheets, P&L accounts and business analysis. Overseeing the financial management of 7B RON in revenue, leading Budget, month- and year-end closing processes.• Optimizing company’s credibility by encouraging compliance with statutory requirements and Group policies (IFRS) for all Central Europe 4 legal entities (Romania, Bulgaria, Hungary and Serbia) and 5 business units, including Constanta Port terminal, in coordination with 9 direct and 20 indirect reports.• Promoting transparency across all business-critical processes and financial planning procedures by offering periodical performance analysis, vs Plan by using S4 HANA and BI tools, while conducting monthly P&L analysis and GM evaluations. • Maintaining a healthy balance sheet and liquidity position by assisting treasury in formulating accurate cash flow projects. Maximizing working capital efficiency and minimizing liquidity risks. Developing and maintaining of financing lines and effective cash management by actively participating in the banking relationship for CE entities. • Active participation in 3 large CAPEX projects from business case preparation to completion -
Chief Financial Officer And Board MemberDertour.Ro Jan 2020 - Nov 2021Bucharest, Romania• Reinforced corporate financial well-being by developing financial projections and optimizing resource allocation; headed a team of 20 accountants and two financial controllers and promoted a sense of ownership through training.• Presided over the seamless transition of a newly acquired company from Eurolines to DER Tourstik policies and procedures by designing and implementing a comprehensive, three-year business plan and overseeing a revenue of 6M RON. -
Finance Manager Romania & BulgariaCarrier Commercial Refrigeration Jun 2018 - Dec 2019Bucharest, Romania• Strengthened financial stability and organizational success by developing finance departments of Romania and Bulgaria branches from scratch with smooth migration of finance activities previously handled in the Czech Republic to local teams.• Piloted a multidisciplinary team of 3 accountants and one controller; collaborated with Czech SSC, group auditor, and external accounting company for preparing financial statements and special analyses reports for 30M RON in revenue.• Created short- and long-range departmental goals and organizational objectives for sound financial planning, while managing SOX (Sarbanes-Oxley) compliance exercise in accordance with RAS (RO Accounting Standards) and US-GAAP. -
Project ManagerDeloitte Romania Oct 2014 - Jun 2018Bucharest, Romania• I was coordinating the bookkeeping, tax compliance and tax advisory work for a global oil & gas client (Kuwait Petroleum) in 17 countries across CEE and NON-CEE. I was acting as main point of contact for the client, coordinating the work done in the Deloitte offices on this account in the 17 counties, developing and implementing working procedures. Secured business deals and closed mutually beneficial agreements through strategic negotiations; Controlling the administrative aspects of the contracts, breakdown of fees, invoicing, etc.• Reduced corporate tax obligations and enhanced financial efficiency by providing expert guidance to customers on revising their existing VAT policies, leveraging an extensive understanding of VAT regulations and industry-leading practices. -
Senior Financial Consultant | BpsDeloitte Romania Jul 2010 - Oct 2014Bucharest, Romania• Established financial controls and risk management frameworks; fine-tuned overall financial operations of a large telecom company Cosmote and chaired budget and controlling department in the post-merger transition in 2014.• Delivered tactical insights for the effective management of financial back-office, applications management, and quality assurance compliance operations during the three-year assignment from 2010 to 2013 across Amgen Romania premises.• Led a 3-month assignment at Novartis Pharma Services Romania for the smooth and high-quality transition of fiscal operations to the new Finance Manage, while aligning financial objectives with overall business goals. -
Accountant SwitzerlandSe-Dd Software Engineering & Database Development Aug 2009 - Jul 2010Zurich, Switzerland• Coordinated and controlled several projects simultaneously, involving tasks from transaction processing to tax returns and from management reports to financial statements; • Creating company internal procedures for cash management;
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Accountant / Sap Super User Fi & CoPorsche Inter Auto Romania Apr 2008 - Aug 2009Bucharest, Romania -
AccountantWienerberger România Oct 2007 - Apr 2008Bucharest, Romania -
Consumer Loan OfficerBancpost Jul 2005 - Oct 2007Bucharest, Romania
Mihaela Ivan Education Details
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AccaAccounting And Finance -
Faculty Of Accounting And Management Information Systems
Frequently Asked Questions about Mihaela Ivan
What company does Mihaela Ivan work for?
Mihaela Ivan works for Self-Employed
What is Mihaela Ivan's role at the current company?
Mihaela Ivan's current role is Fractional CFO | Financial Advisor for Founders, SMEs and Investors | Board Advisor.
What schools did Mihaela Ivan attend?
Mihaela Ivan attended Acca, Academia De Studii Economice Din București, Academia De Studii Economice Din București.
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Mihaela BRAN
Quality Coach (Acc-Icf) | Customer Satisfaction Manager | Associate Certified Coach, IcfBucharest Metropolitan Area -
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