Otilia Fezi
Economist
București
Summary
Results-oriented Chief Financial Officer bringing over 20 years of experience in farmaceutical industry. Strong history of achieving both financial and non-financial business goals with effective controls and planning. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. Pragmatic professional with solid experience in leadership roles. Adept at implementing strategic business plans, driving growth and improving operations. Skilled in financial management and business relations. Collaborative and dedicated to building and leading talented and motivated individuals.
Overview
25
25
years of professional experience
3
3
Languages
Work History
Administrator/Group Financial Director
El Pharma Romania
10.2020 - 01.2024
- Generated reports to suggest corrective actions and process improvements.
- Streamlined financial processes by implementing new accounting software and automation techniques.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Managed risk effectively through comprehensive insurance coverage review and implementation of robust internal controls.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Negotiated favorable credit terms with customers for increased funds and increased interest revenues.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity.
- Devised systems to monitor, evaluate and track operational achievements.
- Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, and group rules.
- Ensured accurate financial reporting, maintaining compliance with RAS, IFRS regulations, and group policies.
- Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across the organization.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Managed risk effectively through comprehensive insurance coverage review and implementation of robust internal controls.
Group Financial Director
Help Net Farma
02.2019 - 01.2024
- Developed high-performing teams by providing mentorship, guidance, and opportunities for professional growth.
- Cultivated a positive work environment that fostered employee engagement, increased retention rates, and boosted overall team morale.
- Improved project efficiency with strategic planning, resource allocation, and time management practices.
- Worked closely with organizational leadership and board of directors to guide operational strategy.
- Managed budgets effectively to ensure optimal use of resources while maintaining financial stability.
- Created and managed financial models to evaluate corporate investments and acquisitions.
- Enhanced team collaboration through regular communication, goal setting, and performance evaluations.
- Monitored and coordinated workflows to optimize resources.
- Proactively identified potential risks and implemented mitigation strategies to minimize negative impacts on projects or business operations.
- Assisted with sales and marketing strategies to foster achievement of revenue goals.
- Increased company revenue by streamlining processes and implementing cost-saving measures.
- Strengthened internal controls by reviewing existing policies and procedures, ensuring compliance with regulatory requirements.
- Negotiated favorable contracts with vendors for reduced costs and improved service quality.
- Implemented business strategies, increasing revenue, and effectively targeting new businesses.
- Assisted in recruiting, hiring and training of team members.
- Worked closely with audit team to hedge against or mitigate operational risks.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, and group rules.
- Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across the organization.
- Ensured accurate financial reporting, maintaining compliance with RAS, IFRS regulations, and group policies.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Fostered a culture of continuous improvement within the finance team, encouraging professional development opportunities for staff members.
- Analyzed operational issues and implemented corrective action to maximize profits.
Group Financial Director
Farmexim
09.2003 - 01.2024
- Enhanced financial reporting accuracy by streamlining data collection and analysis processes.
- Boosted company revenue by developing and implementing financial strategies aligned with business goals.
- Reduced operational costs through effective budgeting, forecasting, and expense management.
- Optimized capital allocation decisions by conducting rigorous investment analysis and risk assessments.
- Improved cash flow management with timely invoicing, collections, and vendor payment protocols.
- Kept company in compliance with applicable local, and group financial regulations.
- Partnered closely with other departments to drive initiatives aimed at achieving overall organizational success from a financial standpoint.
- Provided comprehensive assistance for internal and external audits.
- Increased profitability by identifying inefficiencies in operations and recommending cost-saving measures.
- Lead committee meetings discussing budgets and related financial decisions.
- Strengthened internal controls to mitigate risks related to fraud or theft of company assets.
- Established robust KPI monitoring systems to track performance against targets, enabling proactive course corrections as needed.
- Collaborated with executive leadership to establish long-term financial objectives for the organization.
- Managed cross-functional teams to successfully execute strategic financial initiatives.
- Accelerated month-end closing procedures, enabling more timely availability of critical financial information for decision-making purposes.
- Negotiated contracts with vendors to keep costs under control.
- Guided company growth by securing financing options and negotiating favorable credit terms with banks and investors.
- Generated financial and operational reports to assist management with business strategy.
- Set clear departmental objectives and developed effective strategies to achieve targeted goals.
- Monitored budget and revenue trends, compiling reports for company leadership to inform timely responsible heads.
- Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
- Completed filings and upheld strict compliance with tax institutions and other fiscal bodies.
- Assisted with recruiting, interviewing, and hiring new department employees.
- Analyzed financial data regarding product performance and customer performance and developed reports for key stakeholders.
- Verified compliance of financial policies and accounting procedures against local and european regulations.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Established and enforced controls on revenue and expenses to protect company assets.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Complied with established internal controls and policies.
- Improved overall financial reporting by streamlining control processes and reporting structures.
Accounting Manager
Delta Romania
09.2001 - 09.2003
- Generated monthly and quarterly financial statements for executive review.
- Managed banking reconciliations and monthly balance sheet statements.
- Coordinated efforts between the accounting team and other departments to ensure accuracy in interdepartmental transactions recording and proper cost allocation.
- Managed relationships with external vendors, ensuring timely payments and accurate recording of expenses.
- Oversaw accounts payable and receivable functions, maintaining strong cash flow management practices that ensured prompt payment from clients and timely settlements with vendors.
- Implemented effective cost allocation methods across various departments, providing management with accurate insights into the profitability of each business segment.
- Coordinated with external auditors to ensure a smooth annual audit process, addressing any concerns or discrepancies in a timely manner.
- Maintained compliance with all relevant tax laws and regulations, minimizing risk exposure through diligent oversight of filings and documentation practices.
- Managed a team of accountants, fostering professional growth and ensuring timely completion of all tasks.
- Streamlined consolidation process for multiple subsidiaries, enabling faster reporting times without compromising data integrity or accuracy.
- Conducted regular financial analysis to identify variances, enabling proactive decision-making on corrective actions when necessary.
- Complied with established internal controls and policies.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
Senior Accountant
Delta Romania
09.1998 - 09.2001
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Improved cash flow management by closely monitoring receivables and implementing stricter credit policies.
- Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
- Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
- Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
- Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
- Enhanced financial transparency by creating user-friendly dashboards that displayed key performance indicators for easy tracking and decision-making support.
- Prepared working papers, reports and supporting documentation for audit findings.
- Maintained integrity of general ledger and chart of accounts.
- Trained new employees on accounting principles and company procedures.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
Education
Business Administration
ASSEBUS
Bucharest, Romania06.2007
Bachelor of Science - Faculty of Finance And Accounting
Academy of Economic Studies
Bucharest 04.2001 -
Skills
Financial Reporting
Budget Development
Accounting Principles
Financial Management
Business Forecasting
Cash Flow Management
Corporate leadership
Tax Planning and Strategy
Strategic Planning
Financial Administration
Strategic financial planning
Audit Coordination
Risk Management
Working capital management
Operational decision making
Financial Process Improvement
Accounting principles understanding
Corporate Governance Understanding
Reporting skills
ERP System Implementation
Financial Strategy Development
Fiscal Management
Change Management Expertise
Continuous learning mindset
Debt Management Expertise
Mergers and Acquisitions Experience
Risk Management Proficiency
Profit and Loss Management
Adaptable and Flexible
Decision-Making
Goal Setting
Analytical and Critical Thinker
Revenue Growth
Executive Leadership
Financial Leadership
Team Collaboration
Business Development
Business Planning
Talent Recruitment
MIssion and Vision
Adaptability
Interpersonal Communication
Market Research
Contract Negotiation
Organizational Development
Change Management
New Business Development
Relationship Building
Succession Planning
Organizational Skills
Hobbies
- Theatre: Participate in community productions and workshops to improve my public speaking skills, teamwork, and creativity.
- Skiing: Enjoy outdoor activities and team-building experiences that promote physical fitness and mental well-being.
- Tennis: Develop my hand-eye coordination, spatial awareness, and competitive spirit through individual and team matches.
- Pilates/Yoga: Practice mindfulness, flexibility, and physical strength while developing a sense of self-awareness and discipline.
- Spending time with my daughter: Prioritize family time, demonstrate patience, and develop strong communication skills through play and shared activities.
Timeline
Administrator/Group Financial Director
El Pharma Romania
10.2020 - 01.2024
Group Financial Director
Help Net Farma
02.2019 - 01.2024
Group Financial Director
Farmexim
09.2003 - 01.2024
Accounting Manager
Delta Romania
09.2001 - 09.2003
Bachelor of Science - Faculty of Finance And Accounting
Academy of Economic Studies
04.2001 -
Senior Accountant
Delta Romania
09.1998 - 09.2001
Business Administration
ASSEBUS