For a global Medical Devices spin-off of a leading Healthcare Corporation acted as Treasury Director for EMEA and ASPAC. In charge of setting-up a Treasury department for a holding company in Luxembourg (turnover 3,8 billion Euros). Put short- and long-term cash flows in place (1 year and 13 weeks) for all entities worldwide. Managed negotiations with banks to obtain short- and long-term loans in restricted currency-controlled countries as well as global factoring financing, hedging programs, bank guarantees and Letters of Credit. Negotiations with banks and insurance companies for bid bonds. Set-up in collaboration with tax, intercompany loans (short- and long-term loans, revolver loans, in house bank activities and cash pooling), multilateral netting. Responsible for the day-to-day cash management for EMEA, ASPAC and LATAM. Head of implementation of new ERP treasury systems (REVAL). During the transition reviewed and calculated the working capital needs for each entity worldwide. Implemented insurance policies and reviewed them with the insurance companies on a yearly basis. Setting up national and international compliance structures for Finance and Treasury.
For an international Pharmaceutical Contract Manufacturing organization, was responsible for Finance due-diligence and preparing the company for an exit. Managed full clean-up of the accounts and made the reporting consistent and accurate. Reviewed all statutory requirements were fulfilled. Reviewed and corrected HR requirements for the reorganization of Finance and Administration. Implemented new accounting procedures and policies from scratch (Finance, controlling, Manufacturing process and flow, procurement) into SAP FICO + MES as well as Implementation of IFRS 15/16.
For a Shared Services Center Firm: was responsible for a shared service of European entities and holding companies. Relocated and transferred the Luxemburg based SSC to new regional locations. Prepared all statutory accounts. Responsible for day-to-day accounting team (invoices, bank, payroll, prepayments, accruals, depreciation etc.). Managed month-end closing and reporting in accordance with IFRS for group consolidation purpose. Supervised the Accounts Payable and Receivables. Responsible for Treasury management (forecasting, payments, reconciliation) and liaised with tax authorities. Led improvement of accounting standards.
For a Shared Services Center Firm: was responsible for a shared service of European entities and holding companies. Relocated and transferred the Luxemburg based SSC to new regional locations. Prepared all statutory accounts. Responsible for day-to-day accounting team (invoices, bank, payroll, prepayments, accruals, depreciation etc.). Managed month-end closing and reporting in accordance with IFRS for group consolidation purpose. Supervised the Accounts Payable and Receivables. Responsible for Treasury management (forecasting, payments, reconciliation) and liaised with tax authorities. Led improvement of accounting standards.
Project management: full integration of a Joint Venture (governmental and a private company in Algeria). Managed the full change and integrated a new Chart of Accounts according to international standards (US and IFRS GAAP); designed, negotiated and implemented a harmonized GL process, transferred all governmental owned GL Ledgers to new GL Ledgers. Trained staff and stakeholders on new GL systems, processes & procedures including compliance on national and international laws and regulations (Finance, Treasury, tax, HR, procurement).
