Efremov - Financial Controller - Moscow, Russia

Mikhail Efremov

Moscow, Russia


Financial Controller

Work History

Finance Manager CIS

Boart Longyear, Drilling Services and Products Division

April 2008 - January 2013

Boart Longyear is a multinational corporation, a global leader in providing world-class drilling services and products to its customers (www.boartlongyear.com).
✓ Created an accounting shared services team supporting 2 businesses in 2 countries (growth from 1 to 17 people). Actively involved in finance, accounting and administration (Payroll, HR, Legal, IT). Go-to person in Boart Longyear Russia/CIS.
✓ Implemented ERP Systems (Oracle, MXP) and Operations restructuring. Have lead local teams in ERP implementations: MXP/HFM in 3 legal entities in 2008-2009 and Oracle implementation in 4 entities (collection of requirements, configuration, testing, trainings, data clean up and conversions) in 2011-2012. Lead go-live activity & bug fixing, finding workarounds, data conversion fixing, training teams on new processes.
✓ Delivered reporting for the region and balance sheet reconciliations, P/L reviews, Actuals vs Budget explanations and investigation. Analysis of Revenue, COGS/COS, SG&A, Other by Business, Country, Function, did budgets and forecasts,
✓ Supported operations liquidity (bank payments process, guarantees/LC issuing),
✓ Managed processes: payroll (including expat payroll), cost landing process, AR review & settlements with customers, cash flow forecasts.
✓ Underwent numerous corporate, statutory, tax and customs audits. Compliance with corporate policies & guidelines was my responsibility.
✓ Successfully returned 10M of claimable VAT through litigation against a Moscow Tax authority.
✓ Developed 3 country controllers. Have integrated local team members in a larger regional/global finance community, have promoted the spirit of collaboration inside the team and with other functions. Have interacted with functional (CSR, SC, IT, HR, Legal) leaders in the region.
✓ Supported Managing Directors of both businesses in decision-making. Created 2 new legal...

Finance Director

Senteo International LLC

July 2007 - March 2008

Senteo is a multinational company that specializes in helping its clients deliver a unique, positive, and memorable customer experience. It is a business transformation company. Its mission is to create great customer experience, encouraging it's clients customers to visit more often and to buy more (www.senteo.net). Senteo's product portfolio is divided into 5 business lines: Brand, Communication, Environment, Offering, Culture.
✓ Developed and implemented new company structure (created Holding company and new operating companies). Helped reduce tax expense by USD 1M annually.
✓ Selected and implemented a company wide ERP system, Ran a NAVISION implementation project.
✓ Established Budgeting Process, Group reporting, Transfer pricing methodology,
✓ Hired and trained finance personnel, supervised activities of Admin Dept. Member of Management Team.
✓ Reported to CEO and owner. Had 5 (finance) and 6 (admin) reports. ~100 employees in the company (RU - 55, ES - 35, US - 5, UA - 3, CH - 1). Max annual revenue in my region: USD 4M

Head of Finance Seeds Division

Syngenta LLC

July 2006 - April 2007

Syngenta is a multinational corporation, a world-leading agribusiness committed to sustainable agriculture through innovative research and technology (www.syngenta.com). Syngenta's product portfolio is divided into seven product lines: five for Crop Protection (selective herbicides, non-selective herbicides, fungicides, insecticides, and Professional Products) and two for Seeds (Field Crops, Vegetables and Flowers).
✓ Supported Seeds Division. Did Budgeting, forecasts, management reporting to the EAME HQ.
✓ Ran Transfer Pricing Project, SOX-compliance.
✓ Hired and trained finance personnel, supervised activities of Admin Dept, introduced several new and more efficient processes (order intake tracking, internal communication, requests for payment handling). Member of Management Team.
✓ Participated in the Office Move Project and Construction of Trial Station Project. Made preparation to SAP implementation.
✓ Reported to Managing Director and EAME Finance Head. Had 11 reports. 190 employees in the company (RU - 150, KZ - 25, BY - 15). Max annual revenue in my region: USD 60M

Chief Accountant, Finance Manager

Emerson LLC

August 2002 - June 2006

Emerson is a global company that brings together technology and engineering to provide innovative solutions for our customers in a wide range of industrial, commercial, and consumer markets (www.gotoemerson.com).
✓ Created finance function from scratch (growth from 0 to 12 people). Delivered corporate financial & local tax/statutory reporting. Managed local accounting software configuration.
✓ Managed AR process (credit collection). Advised on contract profitability.
✓ Reported on bookings & backlog by CIS region, by Countries, by Divisions and Product groups, variance analysis and interaction with business leaders, SG&A review by cost centers.
✓ Supported the business with bank payment process, bank guarantees, L/Cs, notes and credit cards.
✓ Implemented inventory receipts process with local CS & Logistics teams and further landing of freight/importation costs. Member of CIS Management group and ISO group.
✓ Helped grow the business from USD 67MM in 2002 to USD 250MM in 2006.
✓ Reported to Regional Finance Director CIS. Had 12 reports. 240 employees in the company (200 - RU, 24 - KZ, 13 - UA, 3 - AZ).

Financial Assistant to President

Family Books LLC

September 1999 - June 2002

Family Books LLC (books, audios, videos, CDs, miscellaneous goods).
✓ Developed, tested and implemented software for management accounting together with the local IT team.
✓ Submitted US GAAP reporting pack to the US HQ, Cash flow management, inventory tracking, Controlling.
✓ Reported to the President and Sales Director. Had 8 reports. 65 employees in the company. Max annual revenue in my region: USD 1M


Ministry of Economics of Russian Federation, Credit Policy Department

Internship at Mosstroyeconombank

Russian Academy of Sciences


Qualifications & Certifications

Finance Management

Higher School of Economics

Finance Management and Banking

Higher School of Economics

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