Basak Terzioglu, CMA

Experience

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  Arthur Andersen

  Sept 2000 - Jul 2003

  Senior Auditor

  Companies audited: Colgate, CarrefourSA, Hyatt Regency, Grand Azur Marmaris, Bosch, Autoliv, Omsan Lojistik, KordSA, Kent Gida, Birlik Gida, Merko Gida, Servier Ilac, Wyatt IlacResponsibilities:• Semi-annual and yearly audit of companies in various sectors,• Preparing the audit reports and audit opinions in line with the audit findings,• Supervising a team of auditors,• Conducting business processes audit and preparing management letters about various ways to improve the business processes.Achievements:• Engaged in a due diligence audit of one of the leading confectionery and chocolate producers in Turkey and due to good communication during project, the customer decided to buy audit services from Arthur Andersen. Show less

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  Ernst & Young

  Jul 2003 - Dec 2003

  Experienced Senior Auditor

  Responsibilities:• Semi-annual and yearly audit of companies in various sectors,• Preparing the audit reports and audit opinions in line with the audit findings,• Supervising a team of auditors,• Preparing reports according to German GAAP, US GAAP, IFRS and reviewing special reporting packages used by the parent international companies

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  Novartis

  Dec 2003 - Mar 2007

  Senior BPA

  Responsibilities: • Managing budgeting / planning process of Specialty Medicines BUs,• Preparing daily internal reports, global reports & regional reports,• Preparing profitability analysis for separate segments,• Preparing product P&Ls,• Overhead controlling, measuring KPIs, other ad hoc reporting.Achievements:• Took role as BW super user in integration of SAP R3 Project and in 6 months finalized the query requirements, documentation of solutions and training materials for SAP BW and trained key and end users of SAP BW,• Prepared templates to have budget on region level and on brand level. Show less

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  Sandoz

  Mar 2007 - Sept 2014

  Responsibilities:• Leading and developing a team of 6 BPAs,• Managing the capital requests, budgeting processes and standard cost calculation of 3 legal entities,• Supporting senior management with strategic decisions,• Reviewing plant financial statements and operating and capital budgets/projections for variances, trends and accuracy,• Measurement of KPIs, overhead controlling, identifying and communicating areas of concern and suggesting improvements to management,• Supporting development of business cases related to investment initiatives,• Key actor in developing and implementing procedures to ensure compliance with Group financial & accounting policies and procedures,• Transfer pricing for intercompany transaction.Achievements:• Increased employee motivation by supporting rotation between departments,• Prepared business cases and presentations to get investment approval for 30 mUSD.• With the process revisions & improvements, reduced department overtime by more than 50%,• Supported / leaded several saving initiatives to decrease product costs,• Prepared and gave training to increase financial awareness and know how in the site team,• Resurfaced a business agreement where the company had no cash collections since 2 years and with the amendments made company collected 0.2 mUSD,• Challenged the personnel provisions and depreciation that resulted in a positive correction of 2.5 mUSD in income statements. Show less 1 year assignment in HQ Sandoz:Responsibilities:• Directly reporting to Global Technical Operations CFO,• Provide direct coaching and consultation to the site BPA organization to build and develop greater financial capability,• Analyze, benchmark, guide and react, where applicable, to financial and operational metrics to drive results, monitor financial trends and data including KPIs,• Partner Region Head,• Monitor budget and capital expenditures,• Manage communication flow,• Controlling of investment requests from the sites, following up approved investment projects to be closed on time and in budget.Achievements:• Leaded a project for optimizing month-end reporting for spend and savings project of Global Direct Purchasing, worked with 33 sites’ BPA teams,• Leaded a project to close long overdue TechOps investments and finalized documentation in 3 months,• Supported product cost optimization project to achieve at least 10% cost decrease of major molecules. Show less Responsibilities:• Leading budgeting / planning process including the challenge strategies,• Preparing internal management reports, global reports, month-end financial reporting in line with IFRS,• Variance analysis, measurement of KPIs, managing standard costing, overhead controlling.Achievements:• Leaded CO module SAP customization project and leaded master data maintenance for inventory and fixed assets of the plant acquired from Roche, and project finalized in 2 months,• Prepared budget and product costs for the same plant without any historic data,• Designed month-end closing process and took over IFRS reporting of the same plant for more than 1 year,• Designed several reports for financial management. Show less

  • Business Planning and Analysis Head

    Oct 2010 - Sept 2014

  • Regional BPA Manager

    Aug 2009 - Sept 2010

  • Budgeting and Planning Manager

    Mar 2007 - Jul 2009
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  Gensenta İlaç

  Mar 2015 - Jun 2024

  Head Of Strategic Planning

  Responsibilities:• Prepare strategic planning in line with company’s vision & mission,• Orchestrate analytical activity,• Ensure all deliverable required from the group and management are met in an efficient and timely manner,• Actively support new business projects where required,• Educate leadership team in both strategic thinking and strategic planning,• Work closely with Finance and HR department to ensure all planning and measurement systems use the same terminology and language,• Ensure all new projects are designed and implemented in a way that supports company's strategy and values,• Assist TechOps GM to make strategic decisions.Achievements:• Supported GM to set the strategy for the 6 manufacturing sites, got approval to stop some operations & invest in others.• Supported GM to sign a >$20M/yr Contract Manufacturing Agreement (CMO) agreement• Signed 2 new CMO Business deals with one of the world leaders in pharmaceuticals Show less

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  The Duracell Company

  Jun 2024 - now

  Senior Finance Head Turkey & Israel