Nikolay Petrov

Experience

• 

  A1 Bulgaria

  Nov 2007 - now

  Strategic Leadership: Defining and implementing the collection strategy for the company.Performance Metrics: Managing and optimizing key performance indicators (KPIs) such as collection rate and Days Sales Outstanding (DSO).Bad Debt Management: Spearheading improvement measures to reduce bad debt and enhance overall financial performance.Financial Planning: Conducting forecasting and budgeting activities to ensure financial stability and growth.External Collaborations: Collaborating with external credit agencies and legal professionals to strengthen credit management.Receivables Oversight: Responsible for impairment receivable rates and overseeing Accounts Receivable Accounting Operations.Credit Risk Policies: Developing and implementing credit risk policies, along with deploying various tools for effective risk management.SAP Management: Managing Billing in SAP, overseeing Accounts Receivable, Inventory Accounting, and Revenue Recognition.Compliance: Ensuring adherence to Revenue SOX controls for robust financial governance. Show less • Lead, manage and organize the OTC Service Delivery team globally (incl. Credit risk, Accounts receivable, Collection) while ensuring the process performance of the service delivery in accordance with SLA, best practices, Internal controls, KPIs, etc.;• Organize service delivery strategy and ensure adherence to internal customer requirements and performance management measures for the Order to Cash teams;• Develop capabilities to meet the changing needs of the Global business service center and its stakeholders;• Oversee that the end-to-end process is documented, maintained and performed according to the Company’s standards; • Ensure new business activities/processes are executed efficiently and effectively with appropriate controls, training and documentation;• Drive process changes to ensure efficiency and effectiveness, support continuous improvement and enable effective processes; • Build and maintain relationships with Business Unit partners;• Part of the building up OTC area - resource, train, motivate and manage the teams within the function. Show less • Responsible for defining the end-to-end process, performance measures, internal controls, business rules, standards and policies within the Order to Cash (OTC) functional area• Provide process specific documentation, expertise and guidance for process analysis andimprovement to the colleagues (act as subject matter expert for the specific end-to-end process)• Develop KPIs and measurements to assess and manage the performance of the end-to-endprocess• Lead process standardization and harmonization through continuous improvement (incl.automation and robotics)• Prioritize process development activities• Identify new improvement opportunities• Participate in transition activities Show less Preparing internal and external reports including monthly Executive Team reporting;Having active role in monthly closing process (accruals preparation);Supporting the strategy planning and forecasting process;Developing detailed annual budget with split by Cost elements and Cost centers;Preparation of forecasts, budgets, business plans;Sales commissions planning and reporting;Preparation of business cases and control the periodic updates of the results after the implementation of relevant business cases;Preparation of financial profitability analyses of specific activities at the company; Show less

  • Senior Manager Collection and Receivables

    Jul 2023 - now

  • Senior Manager OTC

    Sept 2022 - Nov 2023

  • Global Process Owner, Order to Cash

    Jun 2021 - Sept 2022

  • Customer Risk Management Team Lead

    Jan 2017 - Jun 2021

  • Senior Controlling Specialist

    Sept 2014 - Jan 2017

  • Commercial Controlling Specialist

    Sept 2012 - Sept 2014

  • Senior CSR

    Nov 2007 - Sept 2012