Summary
Overview
Work History
Education
Skills
Languages
Timeline
Generic
Hristo Karev

Hristo Karev

Summary

Skilled person, bringing 10 years of experience working with international organizations. Proven leadership and success in leading teams in achieving financial goals. Accomplished in working with executive leaders to develop business, financial and growth strategies.

Overview

10
10
years of professional experience

Work History

Financial Controller

ABB Bulgaria
2022.12 - Current
  • Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
  • Reduced operating costs through meticulous budget management and cost analysis.
  • Enhanced cash flow management with timely accounts receivable monitoring and collections efforts.
  • Ensured compliance with regulatory requirements by conducting thorough internal audits and implementing necessary corrective actions.
  • Collaborated closely with department heads to establish accurate budgets and monitor performance against targets.
  • Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
  • Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.
  • Supported executive-level decision making through the development of clear KPIs, financial metrics and dashboards.
  • Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
  • Created and distributed reports on internal and external finances, audits, and budgets.


Finance Team Lead - Accounts Payable

ABB Bulgaria
2020.06 - 2022.11
  • Streamlined financial processes by implementing efficient software solutions and optimizing workflows.
  • Achieved departmental goals by developing and executing strategic plans and performance metrics.
  • Increased team productivity by implementing streamlined processes and effective communication strategies.
  • Streamlined accounts payable processes by implementing efficient systems and reducing processing time.
  • Improved payment accuracy with meticulous invoice review and reconciliation efforts.
  • Supported audit preparation efforts, providing thorough documentation for accounts payable transactions as needed.
  • Collaborated with procurement team to ensure accurate purchase order issuance, enhancing overall process efficiency.
  • Contributed to financial reporting accuracy by reconciling accounts payable general ledger accounts monthly.
  • Implemented paperless invoicing system to reduce environmental impact and improve document organization.
  • Facilitated cost savings by identifying duplicate payments and preventing overpayments through diligent invoice reviews.
  • Assisted in creating training materials for new Accounts Payable Analysts, ensuring a smooth onboarding experience.

Finance Team Lead - Accounts Receivable

ABB Bulgaria
2018.08 - 2020.05
  • Streamlined financial processes by implementing efficient software solutions and optimizing workflows.
  • Boosted team productivity by providing ongoing training and professional development opportunities.
  • Improved cash flow management through diligent monitoring of accounts receivable and payable processes.
  • Implemented robust internal controls to safeguard company assets and mitigate potential risks associated with fraud or error.
  • Spearheaded efforts to automate manual tasks, increasing efficiency within the finance department while reducing error rates in data entry processes.
  • Ensured compliance with regulatory requirements by staying updated on relevant laws, regulations, and best practices within the treasury function.
  • Developed strong relationships with banking partners for improved service levels and competitive pricing negotiations.
  • Developed and maintained database of financial records for clients.
  • Enhanced cash flow by implementing effective treasury management strategies.
  • Managed daily cash positioning, ensuring optimal liquidity for operational needs.
  • Streamlined bank account structures, leading to increased efficiency and reduced transaction costs.
  • Optimized foreign currency exposure management, minimizing volatility in financial results due to exchange rate fluctuations.
  • Improved financial risk management by establishing policies, procedures, and internal controls to mitigate potential risks.
  • Managed and motivated employees to be productive and engaged in work.

Finance Specialist - GA/Accounts Payable

ABB Bulgaria
2018.01 - 2018.08
  • Improved financial performance by streamlining budgeting processes and implementing cost-saving measures.
  • Provided accurate financial forecasts for management, aiding in strategic decisionmaking.
  • Assisted in successful audits by maintaining detailed documentation and providing timely responses to auditor inquiries.
  • Collaborated with cross-functional teams to develop robust financial models for forecasting and scenario planning purposes.
  • Prepared comprehensive annual reports highlighting key financial metrics and achievements for stakeholders'' review.
  • Identified process issues and made recommendations for improvement or correction.

Junior Analyst Accounts Payable

ABB Bulgaria
2015.05 - 2018.01
  • Enhanced data analysis accuracy by implementing new data validation techniques and tools.
  • Assisted with the preparation of quarterly and annual financial reports, ensuring timely submission and compliance with regulatory requirements.
  • Supported senior analysts with ad-hoc data analysis requests, ensuring accurate results were delivered in a timely manner.
  • Participated in special projects as assigned by senior leadership team members while maintaining core responsibilities as Junior Analyst.
  • Improved payment accuracy with meticulous invoice review and reconciliation efforts.
  • Enhanced vendor relationships through prompt communication and timely resolution of discrepancies.
  • Reduced outstanding accounts payable balances by diligently following up on overdue invoices and negotiating payment terms.
  • Managed high-volume invoice processing efficiently, maintaining a consistent record of timely payments.
  • Received vendor invoices, validated for accuracy and routed for approval to prepare for payment processing.
  • Processed daily invoices, check requests and wire transfers of foreign and domestic currency.

Junior Analyst Accounts Receivable

ABB Bulgaria
2014.03 - 2015.04
  • Achieved higher accuracy in bank reconciliations through meticulous attention to detail and thorough review processes.
  • Streamlined reconciliation procedures by identifying inefficiencies and implementing process improvements.
  • Reduced discrepancies in financial statements by diligently tracking and resolving outstanding items.
  • Ensured timely completion of monthly bank reconciliations, adhering to strict deadlines for financial reporting purposes.
  • Recorded deposits, reconciled monthly bank accounts and tracked expenses.
  • Handled day-to-day accounting processes to drive financial accuracy.
  • Reduced financial discrepancies, effectively reconciling bank accounts and organizing information into accounting software.

Education

Master - Accounting And Control

Varna Free University "Chernorizets Hrabar"
Varna, Bulgaria
08.2013

Bachelor - Accountancy And Audit

European College of Economics And Management
Plovdiv, Bulgaria
08.2011

High School Education - Specialist in Electrical Engineering And Ele.

Vocational School of Electrical Engineering And El
Plovdiv, Bulgaria
06.2008

Skills

  • Internal Controls Development
  • Internal Control Management
  • Corporate Finance
  • Accounting Management
  • Pricing and Costing
  • SAP Expertise
  • Microsoft Excel
  • Problem-Solving
  • Work Planning
  • Analytical Thinking
  • Teamwork and Collaboration

Timeline

Financial Controller

ABB Bulgaria
2022.12 - Current

Finance Team Lead - Accounts Payable

ABB Bulgaria
2020.06 - 2022.11

Finance Team Lead - Accounts Receivable

ABB Bulgaria
2018.08 - 2020.05

Finance Specialist - GA/Accounts Payable

ABB Bulgaria
2018.01 - 2018.08

Junior Analyst Accounts Payable

ABB Bulgaria
2015.05 - 2018.01

Junior Analyst Accounts Receivable

ABB Bulgaria
2014.03 - 2015.04

Master - Accounting And Control

Varna Free University "Chernorizets Hrabar"

Bachelor - Accountancy And Audit

European College of Economics And Management

High School Education - Specialist in Electrical Engineering And Ele.

Vocational School of Electrical Engineering And El
Hristo Karev