PROFILE
Over ** years of Finance and Business Management experience (up to 20 direct / 260 indirect reports) elaborating business / financial strategies, performing feasibility studies, and optimizing business models:
Finance: Planning, Forecasting, Budgeting, Analysis, Reporting, Modeling, Process Engineering,
Business: Solutions, Retail, Distribution, Operations, R&D, Engineering, Manufacture, Real Estate.
Energetic, result-driven combining finance management, project management, and business acumen (IMBA) and management accounting (CMA) skills with great analytical and problem solving skills (MASc)
Outstanding communication, leadership, organizational, collaboration skills. Bilingual: French & English.
Demonstrated initiative with a proven track record for suggesting and delivering enhancements.
Proficient in MS Excel, Project, Word, PowerPoint, Lotus Notes, INEA, FMS, SAP, TM1, ERP, Seagate. Familiar with Access, Crystal Reporting, Enterprise, Hyperion, Oracle (OFSA), ALM, Simply Accounting.
PROFESSIONAL EXPERIENCE
President & CEO, 2008 – pres.
Realty & Consulting Inc., Toronto, Canada
Provide finance / accounting and business management and real estate investment consulting services:
Business analysis, valuation, planning, and modeling. Performance measurement. Investment (commercial, industrial, and residential) analysis. Project management.
Finance and Accounting: analysis, reporting, modeling, planning, forecasting, and budgeting.
CFO (Chief Financial Officer) & General Manager, 2007 - 2008
RKT & Rodipet SA (over 3,000 employees), European Union (Bucharest, Romania)
Led 17 departments of a multiple group of corporations: finance, accounting (IFRS compliance), treasury, budget, collection, payroll, audit, IT, HR, purchasing, master data, legal, administration, operations, real estate, property management, and commercial (20 direct reports). Reported to the President / CEO of the Group and the Board of Directors. Promoted General Manager after one month.
Elaborated the business and financial strategies. Performed feasibility studies. Optimized business models. Set up a bonus strategy for the group and for each department, agency, and point of sales. Improved company’s operational efficiency and increased its competitiveness and market orientation.
Coordinated financial analysis, (effective and timely) reporting (to all relevant stake holders), planning, budgeting, forecasting, auditing, and administration, including development and management policies. Identified, negotiated, and contracted new financial resources for the company. (eight months project)
Senior Financial Analyst, 2006 - 2007
Finance Management, Metro Inc. (A & P Canada Co.), Toronto, Canada
Proposed a strategy to increase the annual Net Income by $6.7M, use more efficiently company’s assets (IT), and improve labour relationships and employees’ efficiency, morale, and loyalty.
Led 2007 forecast, 2008 budget of $65M, and the administrative expense variance analysis periodic reports for 72 departments (took over the responsibilities of Financial Planning and Analysis, Director). Acted as the only contact from Finance Management for all executives, directors, and senior managers.
Created / maintained models for the budget process and variance analysis. Investigated / commented on variances, corrected the errors, and answered to senior management’s inquiries in a timely manner.
Co-operated on budgeting of other income and expense or non-store income and expense items and the consolidation and development of all budgets. Provided ad-hoc reports for senior management.
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Assisted in the preparation and validation of the annual capital plan, strategic planning process, and capital spending analysis for non-store related spending. Reported to the Director of Business Planning.
Senior Management Consultant, 2004 - 2006
Financial Planning and Reporting, SMTC Manufacture, Toronto, Canada
Analyzed (and consolidated) financial statements, daily cash position, variances: actual vs. plan. Forecasted cash flow and made recommendations. Prepared ad-hoc reports. Reported to CFO. (contract)
Control Division, CIBC, Toronto, Canada
Investigated and corrected control codes and implemented new coding structure for CIBC control points. SOX project used COSO framework to organize and analyze CIBC’s general entity controls to facilitate the management assertion required under SOX and to provide recommendations. (contract)
Controller, MacLaren McCann, Toronto, Canada
Analyzed the project costs and compared billings to the clients for revenue recognition. Investigated and commented on the variances among estimated, billed, recorded, and actual fees. (contract)
Senior Financial Analyst, Finance Group 2001 - 2004
TD Bank Financial Group (TDBFG), TD Canada Trust (TDCT), Toronto, Canada
Achieved 0 variance, for the first time in years, between Finance Management System and Automated Expense System and reduced the time from 4 to less than 2 days by (semi) automating the process.
Reconciled monthly mortgage balances (CFL to GCA/GL) to 0 (interest accrual, property taxes), 0.001% (volumes), 0.43% (interest revenue). Maintained / developed GCA / GL to CFL account mapping.
Investigated, analyzed, and signed off monthly TDCT A&L and P&L and corrected financial accounts for proper reporting. Fully addressed monthly fluctuations and solved internal queries in a timely manner.
Provided expertise on and represented TDCT (at Finance Group) for Profit Allocation Methodology (PAM) project with the main objectives: reconcile external with internal financial reporting, address Basel requirements, and transfer price the free funds to improve performance management and measurement.
Identified and solved the differences between finance (Hyperion) and management (FMS) reporting systems. Analyzed, evaluated, and implemented changes in TDCT management reporting.
Analyzed the differences between allocated and required (Basel) economic capital and between allocated and earned Net Interest Income (NII). Measured and allocated excess regulatory capital.
Identified, investigated, and transfer priced the Free Funds among TDCT’s organizations. Consolidated monthly financial reports of TDCT’s subsidiaries. Contributed to system conversion.
Designed and developed TDCT NII, Other Income, and Expense master templates, and TDCT financial statements in INEA.
Prepared and provided financial presentations to senior management. Directed, supervised, and successfully trained a Finance Associate. (two years project)
Finance Associate, Finance Group 2001 - 2002
Treasury and Balance Sheet Management (TBSM), TD Bank Financial Group (TDBFG), Toronto
Contributed to building a common infrastructure for accounting, reporting and controlling the investment, funding (FTP), and hedging (Financial Position) activities and to automating the process.
Built and developed a detailed B/S and P&L for TBSM (PAM project). Investigated and solved reclassification / variance issues. Provided in depth-analysis of Liabilities and identified free funds.
Optimized the swap portfolio by identifying and separating the naturally offsetting swaps (ALM).
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Business Valuation, Retail Product Group, TD Canada Trust, Toronto
Created and developed for Retail Banking Products (core & term, merchant & personal visa, HELOC, insurance, small business banking, unsecured loans) Business Models by identifying the Key Business Drivers / Metrics. Proposed and developed Econometric Models to forecast volumes for retail products.
Enhanced monthly reporting infrastructure by proposing appropriate expense performance measurements, developing COF graphs, and (semi) automating refreshing monthly financial results.
Planning and Forecasting, Retail Banking, TD Canada Trust, Toronto
Reported daily TDCT total Revenue and Expense gaps between the detailed plan and the pre-plan. Identified, investigated and commented on the variances (Retail Banking, Division, Cost Center level).
Completed Net Income, ROE, Other 3rd Income, Efficiency Ratio, Average FTE, Severance, and Discretionary Expense sections of 2002 Business Plan.
Reconciled P&L (Total Expenses, Full Time Equivalent (FTE), Commissions, and Other Inc 3rd Party) - the current year versus plan / the following year’s forecast. Consolidated BUs to Business Line.
Evaluated the performance of TD Bank against major banks from Canada, USA, and UK and produced a comprehensive report for senior management. Prepared various ad-hoc financial reports.
Market Research Analyst 2000
Bobst SA, Lausanne, Switzerland
Built and developed, for each main product, econometric models based on sales time series and on forecasting changes in the foreign economies for each of the five markets where the firm exported. Utilized Simple / Multiple Regression and Analysis of Variance. (four months project)
Analyzed sales time series in terms of trend, cyclical, seasonal, and irregular components for the main products using Moving Averages and Exponential Smoothing methods. Made recommendations regarding the limitation of the forecasting models designed and developed and of the methods used.
Management Strategy Consultant 2000
City of London Financial Group, UK
Examined firm’s core competency (SWOT) and financial performance, competition, financial products (re: trends, fees, performances, and liquidity), and investment industry’s drivers and provided solutions in terms of organizational structure and operations, changes / resources required, and implementation. (six months project)
ACADEMIC ACHIEVMENTS
Certified Management Accountant (CMA) - Accreditation
The Society of Management Accountants of Ontario, Canada
Completion of CMA designation upon Board Report presentation and submission 2007 - 2008
Bachelor of Accounting, CMA Ontario (equivalency evaluation), Toronto, Canada 2004 - 2006
Real Estate and Mortgage Broker Licenses, 2003 - 2005
Real Estate Council of Ontario (RECO), OREA, TREB, CREA, FSCO, Toronto, Canada
International Master of Business Administration (IMBA) 1998 - 2000
York University, Toronto, Canada
Concentration: Finance Management. Minor: Project Management.
Specialization: International Business, European Union, and Switzerland. Language stream: French.
Master of Applied Science (Engineering), 1995 - 1996
University of Toronto (equivalency evaluation), Canada
Specialization: Mechanical Engineering (Diploma and Title), University of Ploiesti, Romania
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Process Engineer 1996 - 1996
Automotive Parts Design & Manufacture, Magna International Inc., Toronto, Canada
Increased the efficiency of operations by 20% re-engineering work cells involving time studies (just in time, operators’ motions, and material flow), technical facilities layout, and resources.
Developed performance standards. Prepared and presented reports and made recommendations. (four months project)
Industrial Engineer,
Battery Manufacture, Energizer SA, La Chaux-de-Fonds, Switzerland (eighteen months contract)
CIUPM (55,000 employees), Industrial Machinery Ministry, Romania (12 years)
Project Manager
International Co-operation, CIUPM
Acted as a liaison between the Chairman of the Group and the CEOs of the nine subsidiaries monitoring the building status of the petroleum machinery to be exposed at international fairs. Led a technical team (up to 12) and managed and promoted displayed petroleum machinery and equipment.
Assisted technically the CIUPM team at the Council for Mutual Economic Assistance (COMECON) to close contracts and to promote firm's oil machinery and equipment. (two years)
Project Leader / Engineer
R&D, Machinery Design & Development, ICSITUP (1,500 employees), CIUPM
Coordinated two / three projects simultaneously with different deadlines involving resource allocation, problem solving, stress and fracture analysis, design conception, documentation, and negotiations.
Designed and developed mechanical and hydraulic systems. Conceived, launched, and supervised the implementation of a standardizing hydraulic fixtures program, increasing design efficiency by 15%.
Conducted research into the feasibility and performance of systems. Reviewed and approved designs and calculations. Directed and trained a team of six technical staff. (six years)
Associate Plant Manager
Machinery & Equipment Manufacture, UPETROM (17,500 employees), CIUPM, Romania
Led directly seven department managers (indirectly 250 technicians) and provided technical expertise. (two years)
Process / Cost Engineer
Machinery & Equipment Manufacture, UPETROM, CIUPM
Designed and developed the fabrication technology for unique and small series machinery and equipment used in oil, chemical, mining, and metallurgical industries.
Identified and decided on technological activities (tasks, operations) for an optimal cost of fabrication. Analyzed the variances between the actual and allocated activity costs.
Created and oversaw the implementation of systems / procedures / devices that improved the productivity yield by 7% and reduced the number of scraps by 5%. (two years)
Engineer Professor,
Technical College, IUCF, Romania
Instructed Technology and acted as a student counsellor. (six months contract)