Barbara Kolenc, Finance Expert in Postojna, Slovenia
Barbara Kolenc

Finance Expert in Postojna, Slovenia

Member since March 25, 2019
As a CFO, Barbara has led multiple software startups through venture capital fundraises and exits totaling over $25 million. An E&Y trained accountant with 15+ years of experience, Barbara specializes in developing models and presentations, executing operational improvements, and scaling finance teams and processes to support growth. She freelances to leverage her extensive financial skill set and expertise to drive value for Toptal's clients.
Barbara is now available for hire

Career Highlights

Education

Select Certifications

Software Expertise

Other Expertise

Employment

  • CFO

    2017 - PRESENT
    GoGreenPortal, technologies d.o.o.
    • Managed the investor outreach, prepared the investor deck and teaser, and built a three-statement operating model for fundraising.
    • Prepared and submitted proposals for an EU grant, helping the company to receive a seal of excellence from the European Commission.
    Focus areas: Fundraising, Budgeting, Strategic Finance Management, Funding Strategies
  • Financial Consultant

    2017 - PRESENT
    Poslovni biser d.o.o.
    • Developed a budgeting and reporting package for an international bioinformatics group to manage resources, control the budget and to manage financial reporting to institutional investors.
    • Served as the virtual CFO for IT-focused SME companies, building three-statement operating models as well as establishing cash flow monitoring, processes, and controls for the financial department.
    • Managed year-end external audit engagements for several clients including the preparation of the annual report, data-room setup, and communicating with auditors.
    • Advised on the IFRS implementation and newly issued accounting guidelines to a manufacturing company.
    • Advised on the strategy, the business model, the establishment of KPIs, and the breakeven analysis for a startup.
    Focus areas: Financial Planning & Analysis (FP&A), Budgeting, Budget Controls, Financial Reporting, Audit Management, Accounting Systems, IFRS Adjustments, Startup Funding
  • CFO

    2014 - 2018
    Salviol Global Analytics B.V.
    • Built a three-statement operating model, investor pitch deck as well as a detailed offering memorandum and led presentations and financial due diligence with prominent venture capitalists including Orange Growth Capital for a successful €6.5 million series A fundraiser.
    • Oversaw the financial, HR and legal function for a five-location group in different countries and 40+ employees.
    • Managed VC investor relations and wrote reports on an ongoing basis.
    • Negotiated the debt restructuring with a bank and a convertible note with the venture capitalist for a confidential amount.
    • Supported the product development team by leveraging my experience with banks and insurance companies to help guide the development of critical success features.
    • Implemented budget controls and established a team of more than five financial experts.
    • Supported the business to an exit, resulting in a successful transaction for a confidential amount.
    Focus areas: Finance, accounting and controlling, Head of Legal and HR department, Product development, Annual Finnacial reporting , Accounting Consolidation, Tax Planning, External Financial Reporting, Audit Management, Budgeting, 13-week Cash Flow, Cash Management
  • Senior Manager, Transaction Advisory Services

    2012 - 2014
    Ernst & Young
    • Managed a local team for a buy-side advisory and due diligence project for an equity fund attempting to acquire a sizeable Slovenian bank, building forward-looking consolidated accounts, leading loan map review and identifying valuation adjustments.
    • Spearheaded the buy-side advisory and due diligence engagement for a multinational media company attempting to acquire a Slovenian media company including building a forward-looking financial model based on historical financials review, normalization adjustments, and management interviews.
    • Led buy-side advisory and due diligence project for a multinational car producer and retailer acquiring a Slovenian truck retailer including building a forward-looking financial model based on historical financials review, normalization adjustments and management interviews to support a fairness opinion.
    • Managed a local team on a buy-side advisory and due diligence project for the largest Slovenian telecommunications company acquiring a local IT company.
    • Led a national asset quality review ("AQR") for two Slovenian banks in 2013 and the European Central Bank AQR for second largest Slovenian bank in 2014.
    • Performed independent business reviews and advised in financial restructuring in the Slovenian manufacturing and consumer goods sector to a series of clients.
    Focus areas: Due Diligence, Mergers & Acquisitions (M&A), Valuation, Asset quality revisions
  • Planning and Business Development Manager

    2009 - 2011
    Central European Media Enterprises Ltd.
    • Prepared weekly operational performance updates for management and monthly financial and operational review presentations.
    • Monitored the actual performance against the budget and managed the reporting and management of KPIs.
    • Managed project execution and the implementation of strategic initiatives including developing business plans and valuation models for the acquisition of largest Serbian and Bulgarian stations; performing commercial and operational due diligence; coordinating financial and tax due diligence performed by large accounting firms; coordinating with the legal team to prepare all necessary legal documentation prior to the takeover; drafting board papers on the transaction to obtain board approval.
    • Monitored and reported on the progress of acquired strategic stations against the original business plan.
    • Managed the project execution and implementation of a Czech video-on-demand platform by preparing a business plan, setting up the implementation team, obtaining board approval, leading the development and setup of the service, as well as monitoring the delivery and ongoing success of the service.
    Focus areas: Business development, Operational Finance, Budgeting, Budget Controls, Financial Planning & Analysis (FP&A), Business plan, Valuation, Due Diligence, Board presentations, Project Evaluation
  • Senior Accountant, Audit and Transaction Advisory Services

    2004 - 2009
    Ernst & Young
    • Managed more than ten yearly audit projects including a national airline company, casino chain, a steel product manufacturing company, an international retail store chain, various IT services companies, a bank, a leasing company, and a large asset management company.
    • Held training and advised various clients on the transition to IFRS accounting and reporting.
    • Advised the largest investment management company on accounting systems upgrades and improvements resulting in an automated IFRS compliant system.
    • Advised several insurance companies, banks, leasing companies, investment funds, and brokerage houses on the transition to IFRS and with subsequent IFRS adjustments.
    • Supported several groups with regards to year-end consolidation, financial statements, and IFRS compliant annual reports and disclosures.
    Focus areas: Audit Management, IFRS Audit Planning, IFRS Adjustments, Financial Restructuring, Due Diligence

Education

  • Bachelor's degree in Finance
    2000 - 2004
    University of Ljubljana, Faculty of Economics - Ljubljana, Slovenia

Certifications

  • Chartered Certified Accountant (FCCA)
    FEBRUARY 2009 - PRESENT
    Association of Chartered Certified Accountants
  • Chartered Financial Analyst (CFA)
    JUNE 2008 - PRESENT
    Chartered Financial Analysts Institute

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