Ron Luvistsuk

Experience

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  SEB

  Jan 1998 - Jun 2004

  Client Executive, Tallinn Corporate Client Department

  Responsibilities: client’s relation’s management, credit analysis, representing bank to client/non-client companies, portfolio over hundred different top Estonian and international companies. Take part in different IT and marketing projects in Eesti Ühispank.Member of Credit Committee Resulting:Starting in 1998 without clients I finished in 2004 with client portfolio included more than 100 companies who give to the bank more that 12% of bank deposits and 6% of bank loans.

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  LUKOIL

  Jun 2004 - Dec 2004

  CFO Estonia

  Lukoil Estonia in numbers:• Turnover - ~34 MUSD • Liability - ~ 5 MUSD • Balance - ~10 Musd• Workers > 300• Companies - 2Responsibilities: I was charged with company finance, budget and forecasting; finance reporting to local CEO, regional and worldwide headquarter; communications with banking institutions, audit companies and tax authorities; head of credit committee; responsible for credit and risk management, finance staff management

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  AS Bominflot Estonia

  Jan 2005 - Apr 2008

  CFO

  Bominflot Estonia in numbers:• Turnover - ~2,400 MUSD • Liability - ~ 25 MUSD • Bilance - ~ 4 MUSD• Workers > 100• Companies - 7Responsibilities: • All companies cash flow management;• Budgeting and forecasting;• Reporting to local CEO and group CFO in Hamburg,Germany; • communications with banking institutions, audit companies and tax authorities• IT development management• Credit risk management, head of credit committee, bad clients portfolio controlling • Insurance activity coordination • Head of finance department (5 bookkeeping + 1 finance analyst) Resulting: • Credit management rules development, credit committee system development and activating.• Addition finance rising to companiesLeaving reason:I leaving in Veolia Environmental Services on a position of CFO Baltic. Show less

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  Veolia Environmental Services

  Apr 2008 - Oct 2008

  CFO Baltic at Veolia Environmental Services

  Veolia Baltic in numbers:• Turnover - ~60 MUSD • Liability - ~ 15 MUSD • Bilance - ~ 10 MUSD• Workers > 500• Companies - 9 Responsibilities: • Budget and forecast management for all companies in three Baltic countries;• Reporting to local CEO, to zone CFO in Hamburg,Germany and to group CFO in Paris, France; • Communications with banking institutions, audit companies and tax authorities;• Projects profitability calculations; • IT development management; • Credit risk management, head of credit committee, bad clients portfolio controlling • Insurance activity coordination • erinevate projektide finantsalane analüüs ja nõustamine • Head of finance department (16 bookkeeping + 3 finance analyst) Resulting: • New credit policy development, • New software development starting• Addition found rising Leaving reason: As a result of changing in Veolia Environmental Europe structure was liquidate Baltic country management center and the position of CFO Baltic. Show less

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  BFA Estonia OÜ

  Sept 2009 - now

  Managing Partner at BFA Estonia Ltd

  BFA Estonia OÜ is company offering finance advisory for the people who need to find money to they projects.

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  Forlux Ltd

  Oct 2009 - May 2012

  Co-owner at Forlux Ltd

  Car exterior and interior clearing company.Repair leather and plastic.

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  Kodumaa Kapitali HLÜ

  Oct 2014 - Jul 2017

  CEO

  We starting in October 2014 with the founding of Kodumaa (Homeland) Credit Union, but our target creates a new bank in Estonia - first Cooperative Bank in Estonia after the II WW.At the moment our Credit Deposit Union is one of the biggest in Estonia.For 2 years the volume of deposits increased for twelve times and also the volume of loans was also increased for more than ten times.

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  ZANTEPAY

  Feb 2018 - Dec 2018

  CFO

  Zantepay would provide the ability to spend, save and transact crypto currencies. Zantepay wallet would allow users to effortless trade between BTC, ETH and fiat currencies. The wallet service is complemented by a debit card that would let users quickly access fund stored in more that 50+ crypto currenceis

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  Estonia Association of SME - EVEA

  Jun 2018 - Jun 2022

  Member of the Management Board

  As a Board Member of the biggest enterprises association in Estonia Ron is mostly responsible for finance, law analysis, and statistics.

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  Bankorus

  Jul 2018 - Jun 2019

  Director of Bankorus Secure Digital Assets Exchange

  Responsible for the establishment of Bankorus Secure Digital AssetsExchange AS and the getting the license from Estonia Finance Supervisors Agency.

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  Tallinna Volikogu

  Nov 2021 - May 2024

  Member of Juridical Committee

  My responsibility as a member of Legal Committee of Tallinn City Council from Eesti 200 Party Faction was give the opinion of Eesti 200 about documents prepared by the Tallinn City Government

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  Eesti 200

  Jan 2023 - now

  In the context of a political party, the role and responsibilities of an audit committee may differ from those in a corporate setting. Here are some common responsibilities that an audit committee in a political party Eesti 200 have:Financial Oversight: The audit committee responsible for reviewing and monitoring the financial activities of the party, including fundraising, expenditures, and budgeting.Financial Reporting: Ensuring the accuracy and completeness of financial reports and statements, which include contributions received, expenses incurred, and assets held.Compliance: Monitoring the party's compliance with relevant laws and regulations concerning political fundraising, campaign financing, and reporting requirements.Internal Controls: Evaluating and implementing internal controls to safeguard party assets and prevent financial mismanagement or fraud.Risk Management: Identifying and addressing financial and operational risks that may impact the party's financial stability or reputation.Whistleblower Mechanism: Establishing a mechanism for party members to report concerns related to financial matters or any unethical behavior within the party.Code of Conduct and Ethics: Ensuring the party have a code of conduct and ethical guidelines in place for party members, staff, and officials.Transparency and Accountability: Promoting transparency and accountability in the party's financial management and decision-making processes.Fundraising Practices: Reviewing the party's fundraising practices to ensure they comply with legal requirements and ethical standards. Show less

  • Chairman of the audit committee of Eesti 200

    Oct 2022 - now

  • Estonia Parliament election (Eesti 200 party)

    Jan 2023 - Mar 2023
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  Tallinn City Council

  Sept 2023 - now

  Member of Finance Commitee