Vlad-Alexandru Balan

Experience

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  Piraeus Bank

  Aug 2007 - Oct 2007

  Payments Officer
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  SC Airbites SRL

  Dec 2008 - Mar 2009

  Junior Project Manager
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  CIG Romania Life Insurance

  Jul 2011 - Oct 2011

  Financial Consultant
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  TPA HORWATH Romania

  Nov 2011 - May 2012

  - Understand client’s industry and profile and assist the auditor in charge in identifying and assessing specific business and audit risks and tailor audit program in order to respond to such risks- Perform audit tests on more complex areas that require advanced processing skills such as: production, loans, fixed assets, sales, cost of sales, inventories and journal entries- Assist the audit senior with the preparation of financial statements and related notes - Understand client’s industry and profile and assist the auditor in charge in identifying and assessing specific business and audit risks and tailor audit program in order to respond to such risks- Perform audit tests on more complex areas that require advanced processing skills such as: production, loans, fixed assets, sales, cost of sales, inventories and journal entries- Assist the audit senior with the preparation of financial statements and related notes

  • Audit Associate

    Jan 2012 - May 2012

  • Intern

    Nov 2011 - Dec 2011
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  Martifer

  Jun 2012 - Mar 2014

  Financial Controller

  - Prepare the monthly reconciliation of intragroup balances and transactions and keep contact for further clarifications or requests- Prepare and ensure the accuracy and timeliness of the monthly reports regarding the company results and submit them to the group in accordance with the defined deadlines and group policies- Prepare occasional reports requested by the local or international management- Profitability and status analysis of the projects in progress according to IAS 11- Coordinate the billing process and control the supplier invoices received- Specific reporting for the company’s divisions: metallic structure (Romania and Slovakia), electric energy production (Romania), solar parks (Romania).- Coordinate the budgeting process of the metallic structure division (Romania and Slovakia)- Prepare monthly reports regarding the net debt of the company Show less

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  Societe Generale European Business Services

  Mar 2014 - Jul 2019

  - Supervise a team of 11 direct reports covering 3 Private Banking entities, in charge of managing the preparation and distribution of internal financial statements and reports, maintaining the highest quality, reliability and accuracy- Implement and maintain reporting procedures to comply with internal control requirements and standards- Decreased the team headcount by 20% through redesigning and automating existing processes, decreasing monthly overtime from approx. 200 hours at team level to a current level of 30 hours- Achieved the lowest team attrition (below 10% per annum) among the European Financial Reporting teams- Meet customer agreed KPI levels and an NPS of 9 for a successful partnership relationship with the core business; this result has been achieved for the first time in 5 years since offshoring the Reporting function to Bucharest- Submitted and implemented 20+ process improvement ideas during 2018, being awarded the European Reporting Champion in the company- Developed process automation for the Financial Close process which generated a productivity gain of 8 hours/month. The automation was implemented across all European countries, generating similar productivity gain for each team Show less - Coordinate the implementation of the IFRS 9 standard for 60+ entities across the SG Group, with a team of 18 Analysts- Redesign existing reporting process to incorporate the IFRS 9 requirements and disclosures across all European Reporting teams whilst maintaining the team capacity at the same level- Assist reporting teams improve their reporting quality by adding new IFRS 9 specific controls to the monthly process- Contribute to project implementation with operational expertise and drive the multiple testing scenarios and phases to ensure reporting data accuracy and reporting tool functionalities are aligned with target process Show less - Prepare and ensure the accuracy and timeliness of the monthly reports regarding the company results and submit them to the group in accordance with the defined deadlines and group policies- Prepare monthly intercompany reconciliations, with the recording, receipt and payment of all intercompany and intra-group balances- Execute ad-hoc financial analyses requested by the client’s management- Prepare the analytical review of Balance Sheet and P&L variances as requested by the client- Maintain specific accounting referential (Chart of accounts)- Coordinate the Financial Accounting team and train new joiners in the process- Mitigate the operational risk in the Financial Accounting team on monthly production through performance of Level 1 quality and consistency controls- Prepare the monthly accounting certification package and supporting files (account reconciliations)- Prepare production deadline calendars on all streams- Represent the company to Job Fairs and Student Open Doors sessions and presentations- Provide Excel training for the Reporting teams Show less - Prepare and ensure the accuracy and timeliness of the monthly reports regarding the company P&L and cash generated results and submit them to the group in accordance as per the defined deadlines and management standards- Prepare monthly manual adjustments, including accrual and deferrals calculation as per the group accounting policies - Execute ad-hoc financial analyses requested by the client’s management- Prepare P&L variance analyses and explanations for management purposes- Maintain specific management accounting referential (Department mapping, CRM creation, new P&L codes mapping, maintenance of management system flows from other accounting systems)- Ensure support and coordination for testing new management system releases or improvements Show less

  • Financial and Management Reporting Supervisor

    Sept 2017 - Jul 2019

  • Transversal Coordinator IFRS 9 Implementation

    Nov 2016 - Aug 2017

  • Senior Group Reporting Responsible - UK Team

    Mar 2015 - Oct 2016

  • Senior Management Accountant - UK Team

    Mar 2014 - Feb 2015
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  LeasePlan

  Jul 2019 - now

  • Holding Accounting Senior Manager

    Dec 2021 - now

  • Holding Accounting Manager

    Feb 2020 - Nov 2021

  • Finance Supervisor

    Jul 2019 - Feb 2020