Simona Sturza

Research, verification and analysis of changes to the financial reporting framework in order to ensure compliance of the company's financial reporting
Participating in the updating of accounting policies and procedures
Carrying out specific activities to ensure quality control over financial reporting through controlling procedures
Assisting the financial audit team and the internal auditor during audit missions
Participating in the preparation, updating and monitoring of budgets in accordance with the legal provisions in force and operational working procedures
Participated and preparated of financial reports and periodic reports (annual and half-yearly) in accordance with the applicable legal provisions
Financial planning, financial and economic analysis
Checking the accuracy of records and transactions
Prepare and submited monthly statements
Applied economic principles to design and implement economic research projects.

Used mathematical formulas, statistical models and analytical techniques to assess information.

Analyse of economic documents

Prepare information for finacials reports

Realise and correct the software setup configurations

Verify of issued invoices and associated supporting documents (contracts, orders, offers and guarantees) and their transmission to the national e-invoice system

Keeping records of issued debit instruments and ensuring cash requirements at the settlement date

Banking operations: transfers, collection accounts and processing of account statements

Preparared and transmited the tax returns: fiscal statements reports, intra-community reports, VAT report, nominal employee report, SAF-T, NBR and INSSE reports.

Statutory financial audit assistance: ensuring and providing of the documents specified in the preliminary request for information and subsequent supplements; prepare all the reports in accordance with the requirements mentioned.

Type of business or sector: Low and medium voltage electrical installation works, interior, burglary and fire safety systems, maintenance.

Cash Flow Management: Monitoring and managing daily cash flow to ensure there's enough liquidity to meet financial obligations, while optimizing cash resources to maximize returns.

Bank Relations: Maintaining relationships with financial institutions, handling banking transactions, and ensuring compliance with banking agreements.

Cash Forecasting: Preparing short-term and long-term cash flow forecasts to support financial planning and decision-making.

Cash Position Reporting: Preparing reports on the organization's cash position, including daily balances, incoming and outgoing payments, and available cash reserves.

Investment Management: Assisting in managing the organization's investments, including short-term and long-term investment strategies to maximize returns.

Treasury Operations: Executing and overseeing treasury operations such as wire transfers, fund disbursements, and liquidity management.

Financial Compliance: Ensuring compliance with financial regulations, internal policies, and external agreements that pertain to cash management.

Banking Services: Managing and overseeing banking services, including opening and closing accounts, managing bank fees, and optimizing the use of banking services.

Reconciliation: Reconciling bank statements, accounts, and financial records to maintain accuracy and identify discrepancies.

Risk Management: Identifying and mitigating financial risks associated with cash management and investments.

Budgeting Support: Assisting in the development and monitoring of budgets, including tracking expenses and comparing them to budgeted amounts.

Vendor Payments: Processing payments to vendors and suppliers, and managing accounts payable in coordination with cash flow requirements.

Financial Analysis: Conducting financial analysis to identify trends, opportunities for financial optimization, and areas for cost savings.

Communication: Collaborating with other departments and stakeholders to provide financial information, address inquiries, and coordinate financial activities.

Software and Tools: Utilizing financial software, spreadsheets, and treasury management systems to facilitate cash management and reporting.

Elaboration of financial-accounting policies and strategies, in compliance with the financial-accounting legislation

Organization of the financial-accounting activity, which ensures the bookkeeping according to the legal conditions

Management of financial resources necessary to achieve group objectives

Contracting relevant bank financing to ensure working capital and investment

Monitoring bank loans and consolidated group financial analysis

Recording and reflecting the economic processes within the company in terms of value

Elaboration of analyses on profitability of activities, efficiency of working capital utilization, evolution of cash accumulations, structure of material expenses

Daily reporting on dialysis solution processing and HDPE canister production activities and the allocation of related consumption for cost price capitalization

Organisation and analysis of cash requirements

Follow-up of the material stock situation

Follow-up of industrial construction works and planning of IMMINVEST Program - investment credit drawings

Significant import of equipment, financed by IMMINVEST Program - credit, with opening of Documentary credit, Stand-By letter of credit, Letters of guarantee, Documentary collection

Ensuring and maintaining the company's ability to pay and meet its obligations to any of the company's creditors on time

Ensuring timely payment of the group's obligations to the state budget and other institutions

Organizing and ensuring reflection of the company's economic achievements and results based on the preparation of financial statements

Preparation of the monthly closing statements, balance sheet, profit and loss account, cash flow statement, explanatory notes to the annual accounts

Monthly reports to the National Environment Agency, INSSE, INTRASTAT, ANAF, REVISAL.

Type of business or sector: Trading of medical products and devices

Operational coordination and supervision of the activities of the accounting, finance and business administration departments

Financial analysis, monitoring the direct and adjacent costs, variances (analysis of payroll, auto fleet, administrative, sales, financial and tax expenses)

Financial planning

Reporting to top management: Budget/forecasts, Profit and loss statement, Monthly cash flow forecasts, Accounts payable, Accounts receivable, Condensed financial statement, Annual reports, Selling, general and administrative expenses (SG&A), Cash flow return on investment (CFROI), Cost of goods sold (COGS), Gross margin return on investment, Inventory decision, 12-month financial projections, Evolution of financial ratios (gross profit margin, operating profit margin, net profit margin, current ratio, quick ratio, inventory turnover ratio, sales to receivables ratio, Interest earned, Return on assets, Return on equity, Debt to value ratio, Working capital etc)

Monitoring of financial products: deposits, loans, leasing / novation, insurances

Multi-currency trading in spot and futures

Assisting the statutory audit team

Assistance to external auditor for independent assignments: provision of audit certificate for financial research project

External auditor assistance to independent assignments: provision of audit certificate for research project financed by budgetary and European funds

Elaboration of projects for financing from structural and European funds

Fiscal warehouse activity: establishment of guarantees, elaboration of DAI & RO-DAI, documentation follow-up in the invoicing flow, information to the Directorate of Customs and Excise Supervision, control of operations with products subject to excise duties

Using the customs IT system, tariff classification

Intercompany consolidation operations

Fiscality and taxation of all operations

Financial assistance in derivative instruments, conclusion of spot, futures, swap and forward contracts, standardised or customised

Structural analysis in partnership with representative or intermediary management companies, under Beyond Borders programs, as sole investors or in consortium, of private equity, venture capital and alternative convertible funding sources, for the development and international expansion of multi-year and multi-component operations, leveraged transactions, repositioning through acquisitions, mergers, takeovers

INSSE and NBR monthly reporting, due to representative position in the national sampling.

Type of business or sector: Chemical trading, research and production of seed varieties, industrial seed conditioning and grain trading operations

Operational coordination and supervision of the activities of the accounting, finance, internal control and internal audit departments.

Payroll, human resources, labour legislation.

Financial analysis, direct and related costing traceability vs deviations (payroll analysis, auto fleet, administrative, disposal, financial and fiscal expenses).

Monitoring of revenue realisation by contracts.

Financial planning.

Top management reporting: Budget/forecasts, Profit and loss account, Monthly cash flow forecasts, Accounts payable, Accounts receivable, Condensed financial

statements, Annual reports, Selling reports, general and administrative expenses (SG&A), Cash flow return of investment (CFROI), Cost of goods sold (COGS), Gross margin of return on investment, Inventory decision , 12-month financial projections, Evolution of financial ratios (gross profit margin, operating profit margin, net profit margin, current rate, quick rate, inventory turnover rate, sales to receivables rate, Interest earned, Return on assets, Return on equity, Debt to value ratio, Working capital etc).

Loans monitoring, leasing / novation, insurances.

Assisting statutory audit team, experience and assisting Big Four audit team: Deloitte Touche Tohmatsu and PriceWaterhouse Coopers.

Intercompany consolidation operations.

Fiscality of all operations.

Capital operations in closed companies: capital decreases/increases, capitalisation of reserves and capitalised profits.

INSSE monthly reporting, due to representative position in the national sampling.

Type of business or sector Chemical trade

Operational coordination and supervision of the activities of the accounting, finance, internal control and internal audit departments

Payroll, human resources, labour legislation

Financial analysis, direct and related costing traceability vs deviations (payroll analysis, auto fleet, administrative, disposal, financial and fiscal expenses)

Monitoring of revenue realisation by contracts

Financial planning

Top management reporting: Budget/forecasts, Profit and loss account, Monthly cash flow forecasts, Accounts payable, Accounts receivable, Condensed financial statements, Annual reports, Selling reports, general and administrative expenses (SG&A), Cash flow return of investment (CFROI), Cost of goods sold (COGS), Gross margin of return on investment, Inventory decision, 12-month financial projections, Evolution of financial ratios (gross profit margin, operating profit margin, net profit margin, current rate, quick rate, inventory turnover rate, sales to receivables rate, Interest earned, Return on assets, Return on equity, Debt to value ratio, Working capital etc)

Loans monitoring, leasing / novation, insurances

Assisting statutory audit team, experience and assisting Big Four audit team: Deloitte Touche Tohmatsu and PriceWaterhouse Coopers

Intercompany consolidation operations

Fiscality of all operations

Capital operations in closed companies: capital decreases/increases, capitalisation of reserves and capitalised profits

INSSE monthly reporting, due to representative position in the national sampling.

Type of business or sector: Chemical industry

Coordination and supervision of the activity of the accounting, financial and internal control departments.

Payroll and human resources.

Implemented of new computer software, with system utilities and architecture.

Quarterly reporting to the Bucharest User Industry Centre.

Active participation in the recruitment of personnel in the economic department.

Monthly reporting to the Board of Directors on the evolution of external contracts, credits, stocks, production and residual products.

Assisting the audit committee in certifying activities

Elaborate detailed procedures for budgeting, forecasting, cash flow analysis, and internal control processes, for main user: shareholders, financing banks and

monitoring its realisation by cost centre.

Check control of systems and programs under development work as planned.

Analyzing business operations and trends to project future revenues and expenses.

Quarterly assessment of financial capacity to project tax liabilities due on time.

Type of business or sector: Ceramics and Industrial Porcelain

Elaborated monthly reporting for ante-calculation and post-calculation costs of finished goods, semi-finished goods and work in progress production at the level

of over 1.500 sorto-typo-dimensions.

Fixed-factor distribution of complementary consumptions: common and auxiliary, general administrative and distribution.

Payroll for employees and auxiliary staff - 450 persons.

Calculated of technical and realized consumptions, exceedances, residual products.

Type of business or sector: Metallurgy