Summary
Overview
Work History
Education
Skills
Timeline
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Radu Leocovici

CFO

Summary

Accomplished finance executive with a proven track record at Siemens Healthineers, adept in revenue and FCF trend analysis and financial management. Excelled in strategic planning, enhancing operational efficiency, and fostering strong customer relations. Skilled in SAP, I led teams to exceed financial goals through innovative forecasting and robust financial modeling, demonstrating exceptional negotiation abilities and open communication.

Overview

25
25
years of professional experience

Work History

Senior Financial Analyst

DB Schenker
10.2024 - 02.2025
  • Provided valuable insights by leading monthly variance analysis reviews between actual results and budget/forecast expectations.
  • Increased financial accuracy by conducting in-depth analyses of financial data and trends.
  • Facilitated accurate expense tracking through diligent maintenance of general ledger accounts and reconciliations.
  • Collaborated with cross-functional teams ( CFO of the cluster, local accounting and Business Controlers) to drive process improvements and increase operational efficiency.
  • Ensured compliance with regulatory requirements through diligent review of financial documents and reports. ( financial statements, bank reconcilation).

CFO

Siemens Healthineers
06.2016 - 11.2022
  • Led budgeting/forecastig process, collaborating with department heads ( Sales, Service, Marketing) to allocate resources strategically and ensure alignment with organizational goals.
  • Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations. ( FCF is the king of the company)
  • Oversaw budgets, payroll, and accounts payable and receivable. ( P2P and R2R)
  • Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within the organization.
  • Managed relationships with external auditors, ensuring a smooth and efficient annual audit process with minimal findings or issues identified.
  • Mentored finance team members, fostering a culture of professional growth and skill development within the company and working close with HR
  • Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
  • Collaborated cross-functionally with other departments ( Sales, Service, Marketing, Legal, HR, Procurement) to drive process improvements that positively impacted bottom-line results.
  • Drove revenue growth by developing pricing strategies that maximized both sales volume and profitability and also to devop the Transfer Price file/strategy.
  • Presented financial results to cluster members and investors during quarterly meetings, maintaining transparency and predictability to communication regarding company .
  • Monitored key business risks and established risk management procedures.
  • Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
  • Established and maintained strong relationships with customers, vendors, strategic partners and local authorities.
  • Represented organization at healthcare industry conferences and events.
  • Analyzed market trends and tracked competitor activities to inform decision making.


  • Created succession plans to provide continuity of operations during leadership transitions.

Head of Finance

Siemens Healthineers
06.2002 - 05.2016
  • Provided senior management with strategic financial insights for informed decisionmaking.
  • Managed budgeting process, ensuring accurate forecasting and timely adjustments to meet business needs.
  • Collaborated with cross-functional teams to align financial goals with overall company objectives.
  • Oversaw annual audit process, ensuring accurate representation of financial position in accordance with GAAP standards.p
  • Streamlined vendor payment processes, improving relationships while reducing processing time and errors. (P2P process)
  • Negotiated contracts with suppliers and customers for more favorable terms, resulting in significant cost savings.
  • Created financial dashboards to provide insights into key performance indicators usind dashboard , SAP and Financual Bi.
  • Utilized financial software to prepare consolidated financial statements using SAP for P&L, BS and Cash Flow statement.
  • Complied with established internal controls and internal/external audit.
  • Developed strategic plans for day-to-day financial operations.
  • Prepared internal and regulatory financial reports, balance sheets and income statements.
  • Analyzed business processes to identify cost savings and operational efficiencies.
  • Enhanced internal control systems and procedures to mitigate risk and support opportunities.
  • Optimized cash flow management through efficient working capital strategies and investment decisions.

Junior Financial Analyst

Emcom Construction
12.1999 - 05.2002
  • Delivered timely and accurate monthly financial reports, enabling informed decision-making by management.
  • Ordering and invoicing

Education

Economic University Bucharest (ASE)
Bucharest
09.1999

Skills

Revenue amd FCF trend analysis

Timeline

Senior Financial Analyst

DB Schenker
10.2024 - 02.2025

CFO

Siemens Healthineers
06.2016 - 11.2022

Head of Finance

Siemens Healthineers
06.2002 - 05.2016

Junior Financial Analyst

Emcom Construction
12.1999 - 05.2002

Economic University Bucharest (ASE)

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Radu LeocoviciCFO