Cezary Ostrowsk

• Involved in preparation of the Group's long-term strategy for the period of 2013-2015;
• Involved in Group’s consolidation and restructuring process, participated in turnaround execution, identification of unlocked efficiencies and implementation of restructuring initiatives across all processes and business lines (cost related initiatives);
• Implemented Business Controlling function within the Group (incl. forming the team and building the control culture within the business departments) with focus on financial risk management over offerings and projects’ delivery, extreme risks mitigation and providing support and finance expertise to the top business executives/PMs and Sales teams;
• Re-organized and improved Financial Controlling function, incl. development of data warehouse center, implementation of Business Intelligence system, enhancement of managerial reporting and business modeling/forecasting in terms of quality and scope of work (business benchmarking, work utilization, budget controlling, CAPEX monitoring, improving control over accounting for long-term contracts, etc.);
• Increased predictability of pipeline bandwidth, implemented best case scenarios and reduction of idle/distressed operations (finance perspective);
• Ran budgeting process within the Group, developed tools for budgeting purposes;
• Head of IFRS/stock exchange reporting: compilation and reporting of financial statements, liaison with the Group's auditor (PwC), cooperation with external enterprise valuer (KPMG), WSE and Polish Financial Supervision Authority;
• Head of Tax Department involved in tax optimization matters/projects, supported organization with tax expertise (transfer pricing policy, tax loss utilization, etc.);
• Engaged in start-up ventures (new business lines), supported international partnership with global IT and Telecom manufacturer;
• Acted as a Group’s Chief Financial Officer (7 months assignment inlc. supervision over IT/Administration/Accounting/Treasury).

Strategic perspective:
• Reinvented the Group's long-term strategy (developed finance strategy for the period of 2011-2015);
• Involved in restructuring process: coordinated and actively participated in turnaround preparation, identification of unlocked efficiency and implementation of restructuring initiatives across all processes (finance related initiatives);
• Increased pipeline bandwidth, implemented best case scenarios and reduction of idle/distressed operations (finance perspective);
• Ran and generated growth in the new long-term business project through early stages capital delivery (delivered financing proposal for an entry mode and strategic partnerships).
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Operational expertise:
• Head of controlling: implemented managerial reporting within the Group, including cost accounting and balanced scorecard (KPI oriented approach);
• Head of IFRS/stock exchange reporting: liaison with the Group's auditor, Warsaw Stock Exchange and Polish Financial Supervision Authority (PFSA);
• Executive director responsible for liquidity management (drived programs to deliver new cash streamlines like factoring, cash collection and cash pooling projects) and bank relations (credit restructuring and cash securing projects);
• Market risk exposure management (developed currency/commodity/interest rates risk policy, incl. derivatives management and hedge accounting);
• Involved in tax optimization matters/projects (in particular improved taxation through special purpose vehicle / private fund model and developed transfer pricing policy within the Group).
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Audit Department:
• performed and supervised group and statutory audits/reviews;
• IFRS translation/implementation projects;
• audited business combinations and consolidation packs;
• prepared Initial and Secondary Public Offerings (IPO/SPO) at listed companies;
• clients among service providers, trading and production companies (small and medium sized companies), including Warsaw Stock Exchange clients;
• audited industry sectors: IT, pharmaceutical, commodities, retail, cosmetics, electric equipment, call centers, advertising and marketing agencies, defense, real estate, rental, clothing/fashion, logistics/distribution, food, telecommunication, insurance.
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Accounting advisory services:
• replacement assignment / loan staff (finance director/financial controller).
• closed accounting books (including financial statements close process);
• prepared consolidated reporting package (proportionate consolidation of joint entity);
• prepared transfer pricing documentation;
• reviewed the statutory financial statements;
• liaison with London based headquarters and Company’s auditor, PriceWaterhouseCoopers;
• led the Company’s controlling department and supervised the accounting team (including chief accountant);
• prepared accounting advisory opinions (IFRS related issues).
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Supervised an audit team consisting of up to 10 people.
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Audit Department:
• audited financial statements under supervision of Certified Auditor;
• carried out due-diligences (merger and acquisition projects);
• clients among small and medium sized companies, including Warsaw Stock Exchange clients and investing funds.
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Accounting Department:
• three-month training in accounting department under the supervision of Certified Accountant;
• prepared tax returns (CIT and VAT);
• assisted in other month end procedures (accounts payable and accounts receivable reconciliations, payroll administration, etc.);
• reported directly to Chief Accountant.
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Financial analyst at Division of Receivables Management (July 2003):
• prepared strategic, profitability (NPV) and other ad hoc reports;
• provided statistics and numerical presentations to the management board;
• prepared projections with respect to debt management and property management.
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Junior Accountant at Accounting Department (August – November 2003):
• assisted in month end close process;
• made journal entries with respect to cash and sales revenue;
• assisted with implementing and maintaining internal financial controls and procedures.
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