Accounting Management
Resume:
Michael Klimusha
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Michael Klimusha
E-MAIL: **********@*******.***
SKYPE: MK111MK111MK111
Phone: +1-323-***-****
LOCATION: Los Angeles, CA, USA
Corporate Finance, Accounting, Strategy & Implementation Professional.
In quest of Corporate Executive position.
CONTENT: BRIEF CV: WORKING EXPERIENCE P.3
BRIEF CV: EDUCATION P.4
DETAILED CV: WORKING EXPERIENCE P.5
DETAILED CV: EDUCATION P.10-11
Qualification
3 IPOs, 7 private placements and external financing for aggregate amount of USD 7 bln.;
20 years of experience with multinational companies;
20 years of experience in corporate finance;
20 years of experience in M&A, capital rising, structuring and financing;
20 years of top executive tenure:
o Front and Back officer sectors of corporate economy, accounting and finance;
o Management of financial and economics personnel;
o Finance management and controlling;
o Budgeting and forecasting;
o Action and business planning;
o Capital expenditure planning;
o Reorganization, process improvement and business consulting experience;
o Management information system implementation experience as project manager;
o Corporate reporting RAS, GAAP, IAS, MAR;
o Knowledge of International (GAAP/IAS) accounting principles;
o Experience in setting up procedures for tax, finance and management accounting to meet both
Russian and International accounting standards as well as corporate reporting standards;
o General knowledge of up-to-date hardware and netware as non-professional;
o Experience in business software: PLATINUM, ACCPAC, 1S, SAP, other.
o Other software experience: Lotus Notes, MS Office, etc.;
o Languages: Russian - native, English – fluent, French and German - working.
HOBBIES:
Painting (see samples at www.angelinajolie.ru);
Music;
Books.
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BRIEF CV: WORKING EXPERIENCE
1993 - 1995
Pricewaterhouse (PricewaterhouseCoopers)
www.pwc.com
Manager, International Privatization Project Group.
1995 – 2001
DELL Inc. CIS
www.dell.com
www.ibsgr.com
FWB: IBSG
CFO
2001 – 2002
McKinsey and Company
www.mckinsey.com
Senior Associate
2001 – 2005
UFC Group (Alfa Group Consortium)
www.alfagroup.org; www.tnk-bp.com/en/ ; www.alfabank.ru;
www.about.beeline.ru/en/; www.x5.ru/en/index.php;
www.turkcell.com.tr; www.alfacapital.ru/; www.alfastrah.ru/en/company/;
www.rosvodokanal.ru/en/
NYSE: VIPISE:TCELL
CFO
2003 – 2005 (contractual tenure)
UNIDO (United Nations Industrial Development Organization)
www.unido.org
UN National Expert
2005 – 2007
MMK/BELON Group (acquired)
eng.mmk.ru
LSE: MMK ; MOEX: MAGN.
CFO
2007 – 2010
EVRAZ / FERRO-STROY (subsidiary)
www.evraz.com
LSE: EVR
VP, Corporate Finance
2007 – 2014
HPP GmbH (HIDROSTROY, RUSHYDRO, ROSATOM)
www.eng.rushydro.ru
LSE: HYDR, MOEX: HYDR
VP, Director, Board Member
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BRIEF CV: EDUCATION
1987-1990
Naval College, Pacific Fleet, Soviet Navy.
Naval Infantry (Russian NAVY Seals) Division.
1990 - 1995
Russian Academy of the National Economy n.a.G.V.Plekhanov (RANE).
Business Administration Department.
Accounting and Financial Analysis Subdivision.
MBA (Econ.) Honorable
1993-1995
Harvard University/
Russian Academy of the National Economy n.a.G.V.Plekhanov (RANE)/
Advanced Special Course in Corporate Finance.
September 1993 -December 1995
Harvard University Financial Analysis Course.
June - August 1993
Internship, Iowa, USA.
May 1993 - May 1994
Moscow International University of Ecology and Political Science
Business Journalism Department.
One Year Correspondence Course in Business Journalism
Graduate Rating - Excellent.
October 1996
CPA, Ministry of Finance of the Federation of Russia
Moscow State University
CPA
2010 – 2013
Moscow State Law Academy n.a. O.E. Kutafin, Law Department
Post-graduate correspondent course in International Financial Law.
Other professional seminars, courses and certificates (furnished upon request).
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DETAILED CV
EMPLOYMENT & DEPLOYMENT
Manager, Pricewaterhouse (-Coopers), International Privatization Group.
November 1993 - August 1995
www.pwc.com
Duties and Responsibilities:
building system of internal audit and financial management for the co-ordination center of the
privatization monitoring in Russia, “All-Russian Co-ordination Centre of Privatization”.
developing computer system for monitoring the all-Russia voucher privatization auctions.
M&A support (Russia, CIS, Malta, South Africa, Eastern Europe);
GR;
establishing financial department from scratch – financial and accounting divisions (conceptual
structuring, recruitment, instruction and internal regulations);
personnel management over subordinated department (motivation, professional development,
training);
development of corporate MIS (PLATINUM);
establishing and development accounting practices, policies and procedures;
implementation, assimilation and development of the financial policies towards the Members of the
establishment;
general planning, management and control;
corporate financial periodical reporting to the management and Members of the Chamber;
support to the newly established business entities in building corporate accounting systems and
procedures bilaterally satisfying IAS and Russian Accounting Regulations;
establishing and developing relationships of the abroad Members with local banks;
raising funds for developing Members’ projects;
provision of the custom-made analytical investment reports to the Members for the Chamber;
permanent informational support to abroad Members of the Chamber: general corporate, industrial
and economic outlooks, periodic informational letters, circular briefing notes;
consulting support to the Members in preparation of the project feasibility studies, organization of the
public audit and tax reporting to local tax authorities of the Republic of Malta and Russian Federation;
supervision over book-keeping and fiscal (tax) reporting of the organization in accordance with
GAAP and Russian Accounting Regulations;
representation of the corporate interests in the local financial and governmental establishments.
CFO, DELL Inc. (CIS)
September 1995 – January 2001
www.dell.com
www.ibsgr.com
FWB: IBSG
Joint Venture of IBS Group (Russia), CITICORP (USA) and DELL Inc. (USA) in IT manufacturing,
distribution and system integration.
Quarterly IAS/GAAP audit (Pricewaterhouse/PricewaterhouseCoopers).
Duties and Responsibilities:
Capital structuring;
Intensive Investor Relationships (Citicorp., DELL Computers, AIG Brunswick, Millenium Fund,
IBS);
Bank relationships;
Establishing cross-border corporate structure and inter-group contractual relationships;
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Budgeting and compilation of the business model (annual basis, monthly and quarterly amending) in
form of the integrated financial forecast being regularly submitted to the senior management and the
shareholders of the Company;
M&A (IT and logistics sectors);
Operational budgeting and reporting procedures;
General management of Financial Department since the start-up period;
Establishing accounting policies and procedures in concordance with IAS and Russian Accounting
Regulations;
Managing internal MIS implementation project (ACCPAC+Lotus Notes);
Establishing the standard contractual forms and internal document formats (over 150 formats total);
Cost management;
Credit policy, risk management, structuring & securing commodity credit transactions
Supervision of purchase and stock group performance;.
Tax management;
Structuring external financing for large-volume IT projects for local blue-chip customers.
Senior Associate, McKinsey and Company
January 2001– September 2001
www.mckinsey.com
The projects included:
Strategy development for major transportation agency having monopolistic positioning:
o Elaboration, defense and working out post-approval monitoring, evaluation and
implementation management technology of structural reform in monopolistic branch of
the federal transportation system;
o Optimization of operational processes and organizational structure;
o Land and real estate development concept;
Regional Client Development. Team stream leader. Specialization: Metallurgy, Railway
transportation, Telecommunications. Location: Donetsk, Mariupol, Kiev; Ukraine.
Specialization within the project team:
Russian Railways real estate development concept;
Tariffs and Regulation;
Business processes and organizational structure optimization;
Operational planning and budgeting, corporate center architecture.
Functions included:
Developing concept of main-stream and diversification real estate land and property
development;
Leading the stream of tariff and regulation on transportation project;
Coordination of interaction with partnering local consulting company within Tariff and
Regulation stream on transportation project;
Developing regional client relationships in metallurgical sector of Ukraine. Initial
consultations on operational planning and budgeting, developing optimal corporate center
architecture;
Extensive client management interaction
CFO, UFC, Alfa Consortia
September 2001 – March 2005
www.alfagroup.org; www.tnk-bp.com/en/ ; www.alfabank.ru; www.about.beeline.ru/en/; www.x5.ru/en/index.php;
www.turkcell.com.tr; www.alfacapital.ru/; www.alfastrah.ru/en/company/; www.rosvodokanal.ru/en/
NYSE: VIP
MCX: TNBP
ISE:TCELL
CFO
Quarterly GAAP audit (PricewaterhouseCoopers).
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Duties and Responsibilities:
Intensive M&A activities;
Strategic business planning and investment appraisal (DCFs, IRR etc.);
Capital structuring and financing;
Budgeting, planning and forecasting;
Cash management / Treasury function;
Coordination of development and implementation of business operating technologies;
Coordinate the relationships with external service providers (auditors, appraisals, insurance co.s,
banks, consultants);
Implementation of corporate MIS project which covers process optimization and reorganization of
subsidiary product entities’ and trading companies’ businesses in the field of production, services,
sales, supplies and logistic processes administration, as well as finance and accounting, including:
- Setting new formalized procedures for business administration process;
- Organizational concept of the Group structure;
- Working out and implementation of the harmonized cost and profit centers structure;
- Setting up the new document flow system with optimized document forms;
- Working out the authorization technology;
- Working out and implementation of harmonized information databases with a logical coding
structure (company assets, clients, suppliers, contracts etc.);
- Reorganization of accounting policy and procedures to meet both Russian accounting
principles and IAS;
- Working out and implementation of the harmonized chart of accounts to meet corporate
consolidation principles as well as Russian and International Accounting Standards;
- Setting up the new cost calculation principles and practice;
- Tax and tax risks minimization;
- Organization of compensation deals from technical (contract forms, people responsible,
controlling) and accounting side;
- Establish, review and update on a timely basis a subholding’s accounting policy, setting up
management reporting principles;
- Making order in accounting books;
- Working out monthly reporting system based on Alfa Consortia standards and setting up
corporate consolidated reporting;
- Implementation of IT system to meet company information requirements;
- Setting up the corporate communication system.
Proper structuring of the corporate finance function within the sub-holdings and managing the finance
department staff of the corporate center and subsidiaries;
Establishing system of effective internal control;
Reporting to the CEO and the Board of Directors of the subholding on the financial results (IAS
accounts, actual vs budget analysis, etc) i.e. at the moment quarterly reporting to t he Board and
monthly reporting to the Management Board;
Elaboration and development of compensation and motivation policy throughout the Group.
UN National Expert, UNIDO (United Nations Industrial Development Organization)
2003 – 2005 (contractual tenure)
www.unido.org
Elaboration of concept and federal programs for development of information, telecommunication and
innovative technologies in Russia.
CFO, BELON Group, MMK
March 2005 – September 2007
eng.mmk.ru
LSE: MMK ; MOEX: MAGN.
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Quarterly IAS audit (KPMG).
Duties and Responsibilities:
M&A: coal mining, refining facilities, license vehicles, auxiliary businesses, thermal power
generation (CIS, Europe);
Forming vertical structure of corporate finance, accounting and reporting (RAS, tax, IAS,
management, production), treasury, internal audit and IT central functionality;
Quarterly and Annual Audit (KPMG);
Organizational Reforming (advised by Ernst&Young);
Development of corporate procedures and mechanisms, especially: financial policy, investment
policy, budgeting, accounting (in all varieties), internal control;
Capital structuring & capital cost management:
o Treasury/Working capital management;
o External financing: banks, ECA, manufacturers & suppliers;
o Bonds placement;
o Private placement;
o Private placement and IPO.
VP, Corporate Finance, FERRO-STROY
September 2007 – December 2010
www.evraz.com
LSE: EVR
Quarterly IAS audit (Ernst&Young).
Affiliate to EVRAZ Group, Real estate investment and development (Moscow, Saint -Petersburg, Siberia,
Kazakhstan).
capital rising, capital structuring and financing;
intensive M&A.
VP Corporate Finance, HPP GmbH (Germany)
(JSC “HIDROSTROY”, RusHydro, RusAtom).
January 2007 – 2014
LSE: HYDR, MOEX: HYDR
M&A (hydropower hardware manufacturers, infrastructure construction companies, innovative start -
ups in hydropower);
Capital management;
Capital structuring, capital rising and financing;
R&D;
Business Affairs;
Overall management of finance, economy and accounting functions.
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DETAILED CV
EDUCATION, Training and Probation
1987-1990
Naval College, Pacific Fleet, Soviet Navy. Naval Infantry (Russian NAVY Seals) Division.
1990-1992
Moscow Institute of Technologies, Department of Oil & Gas Industry Economics.
Entry examinations summary grade - excellent (A). Two years' first grade lower division of Oil &
Natural Gas Exploration & Production Economics. Intermediary rating - Excellent. Applied to be
transferred to the Russian Academy of the National Economy n.a. G.V. Plekhanov. Application
satisfied in May, 1992.
1992-1995
Russian Academy of the National Economy n.a.G.V.Plekhanov (RANE).
Business Administration Department. Accounting and Financial Analysis Subdivision (Hon.).
Transferred from Moscow Institute of Technologies to the RANE after passing the course of academic
difference in the study schedules. Entry rating - excellent (A). Since February 1993 enjoyed
individual studying schedule for implementation of the professional internship abroad (Malta). In
May, 1995 BSc (Econ.) Honourable Degree is awarded (Russian classification - Red Diploma).
117997, Russia, Moscow Stremyanny per. 36 +7-499-***-**-** www.rea.ru
June - August 1993
Internship in the United States of America.
Employer - Ames Public Works Dept., City Hall, Ames, Iowa.
Subject - participation in the Elwood Drive Project (feasibility study). Summary Employer’s Rating -
Outstanding.
May 1993 - May 1994
Moscow International University of Ecology and Political Science, Business Journalism
Department.
One Year Correspondence Course in Business Journalism, Graduate Rating - Excellent.
September -December 1993
Harvard Financial Analysis Course, Case Based (Professor of Harvard University Mr. Douglas
Colter).
Subject - financial analysis of the corporate business on the base of the Harvard financial analysis case
method employing modelling of practical business cases in US corporations . Certificate is awarded.
November 1993
Russian Academy of the National Economy n.a. G.V. Plekhanov.
Seminar in Management Accounting sponsored by the Commission of the European Community.
Certificate is awarded.
December 1994 - June 1995
Russian Academy of the National Economy n.a. G.V. Plekhanov.
Advanced Correspondence Course for Post Graduate Studies compiled by subjects of Psychology, Logic,
Principles of Pedagogic Activity.
Certificate.
September 1995-October 1996
Professional Training Centre, Association of Accountants and Auditors of the Commonwealth of
Independent States, Preparatory training course for the State attestation of Auditor in General Business
Audit. Subjects updated:
business accounting;
business audit;
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taxation;
business law;
financial analysis.
Qualification awarded: Specialist in Business Audit.
October 1996
Ministry of Finance of the Federation of Russia, Central Licensing Commission of Audit, Central
Attestation Committee at Moscow State University.
State attestation executed by Ministry of Finance of RF on subject of professional qualification to practice
in public auditing. Compiled by examinations in five areas – Civil Law (General Ordinance), Tax Law,
Financial Accounting, Audit, Financial Analysis. Summary rating - 98 (maximum grade - 100 points).
State accreditation to practice in public audit and financial analysis is granted. By conclusion of the
Central Licensing Commission of Audit: “Mr. Mikhail V. Klimousha has successfully passed attestation
of professional adequacy in the Public Audit and Financial Analysis on October 23, 1996 which represent
official confirmation of his professional capabilities in the Public Audit practices and makes him one of
the first three youngest licensed public auditors in the Federation of Russia (possibly, the youngest one)”.
September 2010 – May 2014
Moscow State Law Academy n.a. O.E. Kutafin, Law Department
Post-graduate correspondent course in International Law.
Other professional seminars, courses and certificates
References and certifying documents are available upon request.
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