Head of Finance/Head of Large Capital Projects Modeling and Valuation
EuroChem
Total years of experience :19 years, 5 Months
• Group Head of Large Capital Projects modeling and valuation (February 2021 - to present)
• Head of Finance at Mining Division (July 2019 - January 2021)
Key achievements:
• Set up 3 departments from scratch, hired teams, organized workflows;
• Organized budgeting, forecasting, production reporting, management reporting;
• Automated budgeting in record 9 month including development of methodology, IT implementation in Oracle Hyperion and pilot operation with Agile approach (typical timing for similar projects in other large companies is 4-5 years). Unique system functionality was widely covered in media;
• Developed detailed strategy models for all businesses with holistic production and commercial optimization, including dynamic equipment utilization and capex, maintenance patterns and labor;
• Conducted finance function efficiency improvement project: unified workflows and organization structures across all business-units, removed non-core processes, introduced required ones, created centers of excellence (accounting, tax, payments, construction cost estimation) with positive effects on quality, speed and headcount optimization;
• Set up operational efficiency assessment, control and reporting;
• Optimized leverage, debt, investments and operating cash flows;
• Introduced risk modeling, analysis and leveling.
Headcount management: 206 persons
• Head of financial controlling department (August 2015 - July 2019)
• Head of economic analysis department (October 2014 - July 2015)
Key achievements:
• Set up from scratch monthly reporting, annual budgeting and analysis process in Management company and BUs;
• Identified and tracked production improvement and costs reduction initiatives aimed at assets NPV increase;
• Introduced operational efficiency initiatives development and assessment process;
• Member of tender committee, refined suppliers selection criteria, introduced price forecasting and analysis processes.
Headcount management: 32 persons
Financial controller (directly reporting to CFO)
• Led all areas of finance for 2 major business units (planning, reporting, analysis, control, cash flows management, tax efficiency improvement, team management)
• Developed and put into use investment regulation;
• Created purchases planning model, repairs and sustaining CAPEX planning model, derivatives valuation model.
Headcount management: 18 persons
• Developed crude oil and oil products market models, in-house cost of equity and cost of debt estimation models, led trainings for other consultants;
• >30 valuation and consulting projects for majors (Rosneft, Gazprom, Norilsk Nickel, Merrill Lynch, etc.)
Headcount management: 4 persons
• Rewarded as top-2 staff and led in utilization rankings;
• IFRS, US GAAP and RAS audits of major companies in Russia and Switzerland