Tri-lingual International CFO with extensive Transition and Transformation Program Management
Business Change Management experience with
Competences & achievements
Contact Frank Vandeputte
Detailed projects
CChief Financial Officer a.i.
CFO for all hospitals, medical centres and clinics and reporting to the Board of Directors.
The main requests of the Board of directors, besides the follow-up of the daily activities (supervision of Financial & Administration departments), are an in depth analysis of a variety of fields and to professionalize & strengthen the financial & administrative departments:
In depth analysis of the organisational structure
In depth analysis of the functions and their relevance
In depth analysis of the performance based on a neutral & objective methodology
Support to the different project teams for the implementation of new software & applications
Create and manage a risk management environment based on internal controls and procedures
In depth analysis of the analytical accounting and ditto reporting
Set-up of a complete roadmap for the analytical accounting Activity based costing (ABC)
Set-up of an Activity Based Management system & Balanced scorecard
Chief Financial Officer a.i.
CFO for all entities. Major tasks are and not limited to : accounting, controlling, audit, financial engineering, consolidation, financial statements, statutory accounts, tax returns, budgeting, management reporting.
Member of the Group Executive committee and part of the legal committees within the different countries.
Give support to major divestments ( such as: product lines, real estate, production facilities etc.), data warehousing, due diligence, detailed standard cost calculations, analysis.
Guidance to two separate financial departments (country level) each with an accounting and controlling department.
Special emphasis to a more detailed & transparent production reporting sustained by historical analysis.
Supporting both the country sales & marketing directors, as well the country production directors by documenting the business cases and investments in order to achieve the best returns.
Special attention is given to the bank relation given the group is mainly a production company and by definition important long term investments are needed in order to maintain and increase the existing market share in the world market ( export by both companies of own manufactured and third party goods done in a variety of non-EU countries).
Vynova
Project Manager: Group Accounting & Consolidation Manager
Project Manager for streamlining the current SAP ECC set-up for the EU group companies. Existing SAP ECC configuration & CoA will be adapted to the IFRS accounts, postings and reporting. CO-PCA will be IFRS compliant and drilldown from Management reporting to SAP postings will be operational.
The international reporting package will be feeded by FI for the BS and by CO for the P/L.
Project Manager for the Group Accounting and Consolidation organization : main tasks : segregation of duties,
IFRS training, job descriptions etc. for all EU Vynova group companies.
Management of the Group Vynova Accounting & Consolidation departments (located in different EU countries).
Set-up and documenting durable internal controls in view of the (internal & external) audits of the EU IFRS reporting set and EU local Gaap set.
Accountable for the full reporting set for all EU countries based on the IFRS group accounting manual. Preparation and guidance of the IFRS audit and statutory audit & accounts. Tax computation with appropriate filing and documentation.
Cushman & Wakefield / DTZ
Integration Manager (located in Luxembourg)
I am accountable for the full integration (operations, premises, IT, HR, Finance, legal, marketing etc.) for both Luxembourg entities: Cushman & Wakefield sarl and DTZ sa.
I deploy the methodology of Work stream (HR, IT, Finance, Operations, Legal, Marketing etc.) and designate the Wok stream leader (mainly Cushman employees and Management) by Work stream. Supporting & coaching all Work stream leaders in order them to apply the Project Management methodology and to deliver the weekly progress. Weekly conference calls with the international top management are organized, by informing the status for each Work stream and to discuss the means, people & time needed to help the Work stream leaders to deliver the identified open issues.
Negotiating contracts with external providers (HR & Finance among others) to support the local teams to deliver timely the identified & agreed open issues.
Given matrix organisation, I have weekly interaction with the different international levels of the corporate departments.
On request of the top management, I scrutinize all major commercial contracts, supporting documents, internal reports over the years, to audit the full scope of the major contracts with the international customers. Besides making an executive summary, I reorganize the folders were the relevant information is made available for both the top management and local operations. The Executive summaries are discussed and documented with top management.
Major files are analysed and solved to support the Country Manager who can focus on Business development.
SNC Lavalin
Finance & Administration Director (located in Belgium)
Responsible of the accounting, controlling and reporting activities (Statutory & Management reporting Belgian NV + all Middle-East branches mainly Jordan & Morocco). Ensuring the accuracy of the accounts and review all the statutory & Management financial statements in accordance with Belgian GAAP, IFRS and the Group policies. Acting as an integral part of the management structure and participate to achieve the entity’s financial objectives. Follow-up of the bank guarantees, letters of credit & performance guarantees. Single point of contact with all authorities (Deloitte, banks, Crescendo etc.). Ensuring internal controls and procedures around all financial cycles. With the local finance team you improve the local financial systems and processes.
Major contributions to the operations (local Project Managers & Managers on site) to prepare, negotiate and execute cash-flow positive projects as from the start during the whole project assuring the forecasted margin is realized monthly in the CF. Leading the project of dematerialization and digitalization within the Belgian entity.
GSK/Novartis
Finance Partner (located in Belgium)
I provide financial leadership, direction, focus to support to the Manufacturing Units (vaccines) to ensure financial target are developed, monitored, and delivered.
I built a true business partnership as the Finance key person with management team and stakeholders.
I ensure effective budget management and allocation of resources by timely & accurate reporting and providing insight in key drivers to ensure a maximum return of investment.
I work with other Finance partners to ensure consistent service and alignment to the MPU.
Allnex Corporation
Project leader SAP ECC/Business Intelligence (located in Belgium with worldwide scope)
For the implementation of a Business objects SAP ECC system with a change and transition management program.
Supported by a team of BI developers (7) we develop for all E2E processes (F2F, S2S, Finance, C2C) worldwide BI reports for all local & global users in all countries.
Supported by the BI team, I am replacing the Business/operational reporting in Cognos by BI reports based on BW and CO-PA.
An additional special project being the alignment of FI and CO-PA to have a Business reporting that equals the financial reporting. I am supported by external consultants (Intensum) and a team of BI developers.
A new consolidation tool (currently Infinium & TM1) will be replaced by SAP BPC, CO-PA reports and BI reports (legal consolidation & operational consolidation). Functional design & Technical design are finalized and ready for further development within SAP ECC.
I assist the Change & Program Manager with the development and implementation of the overall change and transition in all countries. SAP ECC is implemented by waves. Each wave represents some countries (EU & APAC already done) US to be started.
VGD/Nexia
Acting as the CFO and member of the Comex (Executive Committee)
Accountable for and give guidance to the accounting & financial department of all entities.
Act as Project Manager (ICT & Finance) for all entities for the implementation of an ERP system.
Act as a Project Manager (ICT & Finance) representing the Project Management Committee and reporting monthly to the Steering Committee (Executive Committee).
Management of the master data, pricing, billing, reporting, monthly closing of all entities.
Set-up of a fully integrated reporting tool (P/L, analytical P/L, EBIT, Cash-flow, Source and applications of funds report, Margin report) on a consolidated platform.
Redesign of the invoicing process by decentralizing with a change management by redefining the tasks & functions.
Enhance a change management program by giving guidance to all locations and billing entities.
Bpost
Project Manager-Business control- Belgian Post International (BPI)
Project Manager for all international entities of the Bpost group for a variety of subprojects such as Generic revenue & cost model, set-up of management reporting versus legal reporting, Price & quality mix (volumes and revenues), transport costs, terminal dues, COGS, pricing, Tax, profitability.
Treasury and forex, Intercompany processes and policies.
Caviar Group
Co-Project leader for all operations in Europe & US (located in Belgium)
For the implementation of an ERP system with a change and transition management program.
Business architecture ( Business pipeline, Order to Cash, Purchase to pay, ICT cloud & cost analysis )Enterprise charter, Fixed Assets (IFRS & local GAAP) register, Banking file, Permanent file, CRM, Enterprise Master Data, Sociogram, Business Organization Model, Job register containing Job Descriptions. Weekly worldwide video conferences with specific reporting standards, issue log.
Ex'Spends
Financial and organizational consultant (acting General Manager and located in France)
For all Ex’Spends entities in Europe. Finalizing the financial statements, the intercompany invoicing & financial flows of the Belgian holding and all European subsidiaries. In view of the launch in the Netherlands, an agreement with Dutch partners has been signed after an intense screening of the market, Draw up of the 2012 budget, the 2013 forecast, the financial needs, sources & applications of funds and the operational cash-flow. Organizing external financing (major European banks) and lead successfully discussions with potential venture capitalists, industrial partners and financial partners.
Development of the business in Europe especially in the Benelux.
AB-InBev
Western-European Controller (located in Belgium)
Analysing all price variances of the production costs (BNL: SAP R/3) for the 15 breweries in Western-Europe. Analysing and documenting all variable costs in liaison with all country financial departments and documenting the financials to procurement. Monthly planning & calculating the price variances of the production costs and align the monthly forecasts with the procurement department (Western-Europe zone and HQ), financial quantification of all simulations and forecasts; business cycle for budget purposes.
Metra Computer FZCO (UAE)
CFO & Project Management located in Egypt/UAE
Responsible for all financial departments (accounting, controlling, treasury, credit control) for the holding & subsidiaries (Egypt, Qatar, Kuwait, Kingdom of Bahrain, Kingdom of Jordan, Kingdom of Saudi-Arabia, Iraq, Singapore, US) having their headquarters in Cairo.
The factory for the production of Intel boards is located in Cairo and the distribution activities are in all countries in the Middle-East.
Standardization of all accounting procedures and financial processes.
Responsible for the SAP R/3 implementation (blueprints, Chart of accounts, cost centers, profitability centers, reporting and Accounting principles ) for all legal entities with the assistance of external consultants (Wipro).The following modules : SD, MM, FI, CO, WM
Streamlining the whole financial organization by segregating the functions in line with the SAP functionalities. Drafting the procedures & policies for the whole group.
Implement a new approach in the whole region with an accurate & timely reporting schedule and with the necessary training.
Financial expertise for investments, new regions & products and in depth analysis of competitors and their business model.
General manager, european hr
Responsible for the overall HR European strategy in 4 production entities and 3 distributing entities. I am assisted by a HQ HR team and HR Managers in each production plant. (4 manufacturing entities, 3 distributors) and selling entities in African countries.
Responsible for all expat files (EU within Belgium, non-EU within Belgian, EU and African expats in African countries and Middle-East representation. Negotiate a frame agreement with Deloitte/Laga for all expats files including individual coaching or each single expat.
Reporting to the European President, acting as a European HR leader, I am a member of the European forum.
Acted as the employer representative in all social councils and restored a positive social climate. I had a leading role in all social bargaining (collective labour agreements, working time reduction, labour & work rules, ERA project etc.).
Implementing the overall European strategy in the different subsidiaries in accordance with the local social laws.
Supervised a HQ team of 4 specialists (Comp & Ben, payroll, training, recruitment).
Sarbanes Oxley International Project Mgr.
I organized and gave guidance to the International organisation (non-US) of Nuance Inc. to make them Sarbanes-Oxley compliant (Finance, HR, purchasing, Controlling).
I was assisted by a team of consultants (4) being direct reports during the different phases of the project. The client Nuance was in the process of finalizing the Oracle financials implementation (Oracle Assets, Oracle General Ledger, Oracle Payables, Oracle Receivables, Oracle Cash Management). Given the specific revenue recognition (US-Gaap), the client implemented also the Revenue recognition module. The major part of my daily work was focussed on remediation (embedded controls within the different Oracle modules) and give guidance to all client financial departments & supervising the work of my team of consultants. We achieved excellent SOX results based on the BDO audit.
Financial Leader Western Europe (located in Belgium)
I worked as an FL for several months within the Tower Automotive being a manufacturing entity. The main tasks were building a professional and stable finance organisation to further enhance the cost accounting and financial reporting.
Financial Manager (located in Belgium)
I worked as an FM for several months within the Rogers Cooperation, being a manufacturing entity. The main tasks were the temporary replacement of the responsible person of the accounting & financial department.
FINANCIAL DIRECTOR BENELUX
Direct, organise, manage and co-ordinate the different departments within the Financial Department in the Benelux: accounting, controlling, tax, vendor accounting, treasury, customer service. The Financial team within the Benelux consists of 40 people. The direct reports consist of 4 Managers and 3 supervisors and 1 staff.
Supported by HQ we manage the move of SAP R/2 to SAP R/3 (blueprints, Chart of accounts, cost centers, profitability centers, reporting and Accounting principles) for all legal entities with the assistance of internal SAP consultants: SD, MM, FI, CO, WM. BI
Responsible for the financial statements, budgeting, forecasting, statutory accounts for all Belgian entities and the Dutch entity. Spokesman of the company towards the external auditors, tax authorities, banks, insurance companies, brokers
FINANCE & ADMINISTRATION DIRECTOR
Direct, organise, manage and co-ordinate all Financial Departments within Europe (Belgium, Netherlands, France, Germany, UK, Czech Republic, Italy, Spain). The European Financial team consists of 45 people. The direct reports consist of a French and German Financial Manager and local controllers and I was also assisted by an International Controller and a Financial analyst.
I was responsible for the consolidated statements and, reporting of all the commercial entities and manufacturing entities with monthly comprehensive analysis and comments.
The main focus was streamlining the reporting (cost accounting, financial reporting ) with the support of the local financial departments and further developing the ERP reporting tools (SAP R/3 : FI CO SD MM WM).
ASSISTANT GENERAL MANAGER
Worked closely with the General Manager and give the necessary support, analysis, solutions on a variety of complex International files. The focus was Corporate Finance, Acquisitions and divestments and streamlining complex reporting.
I was mainly responsible for the follow-up of major files with a direct report to the General Manager.
EUROPEAN CONTROLLER (located in Paris) & CONTROLLER BENELUX (located in Brussels)
Europe: Direct, organise, manage and co-ordinate all Financial & HR Departments within Europe (Netherlands, Belgium, UK, France, Germany, Spain, Luxemburg).
The HQ team consisted of 6 direct reports (2 Financial analysts, one Consolidation, one Treasury, one administrative secretary, one HR Coordinator) and each country had a local FD (HR included) reporting to the European controller.
Responsible for the financial statements, budgeting, and forecasting, statutory accounts for all European entities and negotiated the European budget with the Italian top management and was the liaison with the banks for the group financing.
Benelux: Direct, organise, manage and co-ordinate the different departments within the Financial & HR Department in the Benelux: accounting, controlling, tax, treasury, logistics, pay-roll, Compensation & Benefit
I was responsible for the financial statements, budgeting, and forecasting, statutory accounts for all Belgian and Dutch entities. Spokesman of the company towards the external auditors, tax authorities, banks, insurance companies, brokers, external unions.