Mihai Nicolae Email & Phone Number

Bucharest, Romania

Real Estate Division manages the properties (owned and leased) where BCR operates (approx. 350) and the BCR car fleet Business Monitoring Department (headcount:8) supports operational departments from a financial & controlling perspective using a risk based approach Main activities:- financial & risk analysis for investment/disposal/lease decisions- budgeting- process improvement initiatives - first level support to operational teams for all fiscal, accounting, procurement topics- coordination of ESG related initiativesKey achievements: - fast delivery of financial models covering multiple business needs (building disposal, consolidation of multiple locations, car fleet, CO2 emissions etc)- avoided operational losses (estimate: EUR 200k per year)

Bucharest, Romania

Implementation of a new IT application for management of hard copy documents generated in business processes of BCR.- Project included complex interfaces with 5 existing IT applications from front office area- Responsible for cost control for project budget (IT and process related items)Delivered a new real estate facility for document storage and archive.- Deliverable: a fully customized and operational space, secured via a long-term lease contract- Financial modelling for commercial transaction (medium term impact: several EUR million)Designed, implemented and managed on a day-to-day basis a business process & related IT application involving on average 50 FTEs: - Objective: recheck and summarize a significant volume of historical documentation generated in the previous 20 years. - Produced business requirements for dedicated newly introduced IT application and managed the implementation process including training, go live and stabilization. - Responsible for budget and related cost control (approx. EUR 1 million).Key member in an initiative for disposal of nonperforming loans to an international consortium, including financial modelling and financial structuring (aiming for de-recognition of the assets).

Bucharest, Romania

Reporting to Head of Mergers & Acquisitions;Managed the financial due diligence process (buy side) for a Georgian bank up to deal closing stage;Team member/de facto team leader in due diligence engagements performed for potential DP Holding acquisitions;Part of the team managing a major oil & gas project (tender documentation, financial model);

Bucharest, Romania

Set up a new audit department from zero to a headcount of 10.Led one of the three internal audit departments of BCR (IT activities, support activities & BCR subsidiaries; headcount: 10).Key person in the recruitment and training processes for the newly created BCR internal audit function (headcount: 50).

London, United Kingdom

Reviewed effectiveness of internal controls enforced by management of various industrial plants throughout Europe as the result of the US legislation (SOX S404).Led discussions with local management around issues found during testing and agreed on client remediation plans.

Lead audits for several small and medium sized companies in relation with IFRS financial statements.Evaluated internal control systems for various organizations.

Finance

Education record

Cia, Internal Audit

CIA – certification obtained following exam passed in December 2007

It Audit

CISA – exam passed in December 2007

Erisma - Creative Leadership