Olga Litosh CA RITP

Experience

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  Retail and Wholesale sectors

  Jan 2000 - Jan 2005

  Various Roles
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  Medcom-MP (Медком-МП)

  Feb 2005 - Mar 2008

  Chief of Branch

  Medcom currently operates as a subsidiary of Reckitt Benckiser plc and distributes health and personal care products of globally known brands such as Kimberly-Clark, Ansell, Helm, etc. The company employs over 3,500 people and its headquarters is based in Moscow.Highlights:-Developed the business from a start up into an established business meeting the demands of a business growth throughout the M&A process;-Established a business presence and developed a customer base from zero to over 150 local clients and achieved a growth in market share to 80% for the company’s main products;-Established business processes of the operating unit: leased office and warehouse premises, recruited personnel, built a highperforming team, managed workload, developed business strategies and logistics lines;-Prepared reports to project sales, developed pricing strategies and monitored operational cash flows, controlled debt collections, analysed financial data, participated in commercial decision-making with the focus on growth and profitability of the business.Awards:>Received best general manager of the year awards in 2005 and 2006, for achieving excellence in profitability and development of the business;>Received the best branch award in 2007 for successfully achieving the highest participation level in public procurement and wins, and building a robust pipeline of contracts with public and private hospitals and pharmacy chains. Show less

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  Union – Auto LLC

  Mar 2008 - Mar 2009

  Director of Finance

  Formed as a family business from a 5-year partnership, the Union-Auto Limited Liability Company is a car sales dealership specialising in importing high quality used and new cars from Japan and Korea for sales to local customers.Highlights:-Transformed the business from an entrepreneurial start up into an established business meeting the demands of a highly regulated industry;-Determined and managed the annual organisational budget and monitored cash flow of business operations, provided advice / recommendations with a focus on business strategy- Was instrumental in analysing and monitoring company’s cost structure to ensure its effectiveness and to achieve profit maximization;-Provided recommendations and solutions, participated in decision making in relation to regulatory and statutory compliance and reporting, working capital, investment strategies and asset management, expansion strategies. Key contributions in this role included:>Achieved significant savings over a one-year period by reducing overhead spending by 25% through gradual replacement of one of the customs clearance service providers;>Eliminated a significant budgeted expenditure item by developing a calculation model of Company’s cost structure; developed a set of financial analysis reports to track the company’s performance against developed KPI’s and industry averages;>Increased Company profits by 20% and customer base by 40% in a highly competitive environment through personalised customer approach and successfully bulding a team of appropriately skilled frontline staff to assist customers. Show less

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  Mir Upakovki / Мир Упаковки

  Apr 2009 - Sept 2010

  Business Development Manager

  Mir Upakovki (‘The World of Packaging’) has been operating since 1998. The company is an expert in the consumables and the main supplier for all of the major food production companies in the Far East of Russia.Highlight: -Developed business relationship with top 20 clients with focus on new opportunities;-Conducted market assessment, competitor analyses, pricing strategies, provided conclusions and recommendations with focus on profit growh; -Developed, interpreted and analysed financial data (budgeting, forecasting, product mix and trend analyses, profitability analysis) provided conclusions and recommendations to achieve growth of the market share;-Implemented effective processes with the focus on the product mix optimisation;-Developed and drove initiatives to improve customer centric experience with personalised approach. Show less

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  DVT Group

  Sept 2012 - Jan 2017

  Senior Accountant / Restructuring, Insolvency & Turnaround

  dVT Group is a specialist accounting & advisory firm that helps corporates and individuals gain the financial control they desire. Over the past 23 years, dVT has helped more than 2,500 businesses overcome a range of challenges. This extensive commercial experience has given dVT the insights to understand “what works and what doesn’t” for their clients.Highlights:- Business restructure | Plant based household brand - a manufacturer of eco cleaning products with a distribution chain across 5 countries in the Asia Pacific region and the United States including trading the business and execution of deed of company arrangement to ensure the business continues into the future;-Business restructure | The largest national transport group of companies 1st Fleet including investigations, managing litigation proceedings, corroborating supporting evidence, preparing a legal file/brief for solicitor or counsel, legal files and attending court hearings, public examinations;-Business restructure | A manufacturing business - a world leader in the manufacture of machines using starch conversion and moulding technology in the production of confectionary and for the pharmaceutical industry including operational restructure to achieve cost efficiencies, management change and execution of a deed of company arangement for the business to continue into the future. Show less

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  KPMG Australia

  Jan 2017 - Nov 2018

  Executive / Restructuring, Insolvency & Turnaround

  As part of our Turnaround & Restructuring practice we deliver practical strategies for responding to performance challenges that restore and improve enterprise value. Highlights:- Business restructure | Financial Services sector | BBY Ltd - the largest independent stockbroker in Australia and New Zealand including extensive investigations into company’s affairs and litigation proceedings, management of Client Segregated Accounts and operational accounts, recovery of assets. Key contributions on this engagement included:> as part of the cost cutting strategy, brought in-house an outsourced reconciliation / GL function of one of the largest clients (ASX listed); > developed best practice guidelines and established processes to ensure the statutory and regulatory reporting processes are maintained in accordance with regulations; > developed internal control processes, procedures and checklists to ensure timely and accurate statutory and regulatory reporting and compliance. Show less

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  Australian Private Client - Manufacturing / Supply Chain / Wholesale Sector

  Nov 2018 - Jan 2020

  Business Advisor / Independent Consultant
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  Independent Consultant

  Nov 2018 - Jan 2020

  Engaged as a consultant to assist with the management of key engagements including:- Business restructure | Cosmetics & Beauty sector | Napoleon Perdis - worked on the administration of international cosmetics retailer with over 50 stores in Australia.- Business restructure | Gig Economy business, food delivery - worked on administration process and execution of a deed of company arrangement with international investors and over 5,000 creditors. - 10 x Corporate Simplification Engagements | Various industries - managed restructures of a number of corporate entities - a process which includes the solvent wind-down of dormant entities to ensure that liabilities are extinguished, and residual capital is appropriately distributed to shareholders. Show less

  • Business Advisor / Interim CFO / Restructuring, Insolvency & Turnaround

    Jul 2019 - Jan 2020

  • Independent Consultant / Restructuring, Insolvency & Turnaround

    Nov 2018 - Jul 2019
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  Revive Financial

  Jan 2020 - Oct 2021

  Senior Manager
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  Quartz Advisory

  Oct 2021 - now

  Principal