Kamen is available for hire
Hire KamenKamen Dimitrov
Verified Expert in Finance
Finance Expert
Location
Sofia, Bulgaria
Toptal Member Since
April 1, 2020
Kamen manages finance, HR, and IT at a rapidly developing industrial company. He managed a large scale investment program at Arexim, which resulted in revenue growth of over 200% for eight years. Kamen is skilled in business planning, financial analysis, market risk, and banking. He has successfully leveraged his skills in freelance projects helping businesses in structuring debt financing and enjoys consulting on various investment projects.
Career Highlights
CFO
Arexim Engineering - AREXIM
Chief Investment Manager
PAC Doverie AD
Corporate and Municipal Credit Analyst
RBC Global Asset Management, (US) Inc.
Education Highlights
Master's Degree
University of Minnesota
Bachelor's Degree
University of Bridgeport
Certification Highlights
CFA Charterholder
CFA Institute
Case Studies
Industry Expertise
Other Expertise
Work Experience
CFO
2011 - PRESENT
Arexim Engineering - AREXIM
- Managed the accounting department—a team of six people.
- Managed the IT department—a team of six people, SAP specialists, code developers, and network and hardware specialists. Led the SAP baseline FI and CO modules implementation project.
- Manage the HR department—a team of seven people. The company grew from 270 people in 2011 to 630 people by the end of 2019—decreased people turnover by 100%.
- Produced business and financial reporting. Created annual budget projections and followed up regularly on budget performance with the management board.
- Managed working capital, investment project financing, and the cash flow of the company. Owned an investment project worth 25 million EUR in the period between 2011 to 2019.
- Managed a three million EUR project of the company in the EU Operational Program "Development of the Competitiveness of the Bulgarian Economy." Managed a 1,1 million EUR project for investment in the green industry provided by Norway Grants.
- Spearheaded the divestiture of a non-core business unit in a seven million EUR hybrid share and asset deal. The company grew from 28 million BGN revenue in 2011 to 52 million BGN in 2019.
Focus areas: Project Finance, Financial Data, New Product Business Cases, Investment Cases, Business Cases, Balance Sheet Optimization, Management, Team Development, Team Leadership, Financial Ratios, Financial Management, Profitability Analysis, Financial Planning & Analysis (FP&A), Team Management, Strategic Planning & Execution, Cash Management, Investment Strategy, Financial Reporting, Planning, Budgeting, Human Resources (HR), IT, Finance, Financing, Debt Financing, Divestitures, Balance Sheet Calculation, Bulgaria, Cash Flow, Working Capital Management, Debt Raises, Debt, Industrials, Industrial & Manufacturing, Income Statements, Debt Collection, Strategy Planning, IT Strategy, Corporate Sales & Divestitures, Asset Valuation, CFO
Portfolio Manager
2010 - 2011
Bulgarian National Bank
- Analyzed the government bond, supranational agencies, and covered bond markets.
- Analyzed bond issuers—AA and AAA-rated credits in line with investment policies for the central bank reserve management.
- Generated and executed investment ideas in a portfolio with AUM of 3.5 billion EUR—specific bond issues, yield curve positioning, and relative duration positioning.
- Analyzed the investment portfolio structure on a daily basis.
- Executed approved strategic and tactical asset allocations within risk parameters in a portfolio with an AUM of 3.5 billion EUR.
Focus areas: Financial Data, Team Development, Team Leadership, Finance, Financial Ratios, Financial Modeling, Team Management, Futures, Interest, Money Market, Asset Acquisition, Portfolio Management, Banking Provision Models, Bonds, Investment Analysis, Investment Funds, Bulgaria, Debt Capital Markets, Debt, Asset Management, Asset Valuation
Chief Investment Manager
2008 - 2010
PAC Doverie AD
- Managed a team of four investment professionals generating and executing investment ideas within risk guidelines.
- Analyzed Bulgarian and foreign capital markets and a variety of equity and bond issuers in different developed, developing, and frontier markets. Positioned the portfolios to take advantage of expected capital market recovery following the crisis.
- Analyzed the portfolio structure of the managed pension funds with an AUM of 800 million EUR.
- Built and proposed for approval the strategic asset allocation of the managed pension funds—total AUM 800 million EUR. Executed approved strategic and tactical asset allocation.
- Prepared monthly follow-up reporting to the CEO and management board on portfolio performance as well as analysis on the economic background, over market developments, risks, and opportunities.
- Finalized industry-wide initiatives in introducing risk metrics, public reporting of risk metrics to the public of the mandatory pension funds, and measurement of risk-adjusted returns utilizing the Sharpe coefficient.
- Trained five financial professionals on a newly utilized Bloomberg terminal. Introduced electronic trade execution.
Focus areas: Financial Data, Team Development, Team Leadership, Finance, Financial Ratios, Financial Modeling, Team Management, Money Market, Equities, Fixed Income, Asset Acquisition, Portfolio Management, Investment Analysis, Investment Funds, Bulgaria, Debt Capital Markets, Debt, Asset Management, Asset Valuation
Chief Portfolio Manager
2007 - 2008
Allianz Bank Bulgaria
- Managed a team of four investment professionals generating investment ideas for a portfolio with an AUM of 400 million EUR. Returned to preside specifically over the escalating financial crisis and perform necessary portfolio adjustments.
- Analyzed Bulgarian and foreign capital markets and various equity and bond issuers in different developed, developing, and frontier markets. Expanded investments in high-quality EU and US issuers to further diversify the collapsing Bulgarian market.
- Analyzed the portfolio structure of the managed pension funds with a total AUM of 400 million EUR. Further expanded on the notion of risked management and introduced VAR risk measurement technique to better under the portfolio investment risks.
- Built and proposed for approval the strategic asset allocation of the managed pension funds. Executed approved strategic and tactical asset allocation.
- Prepared monthly follow-up reporting to the CEO and management board on portfolio performance as well as analysis on the economic background, over market developments, risks, and opportunities.
- Trained three investment professionals and hired a mathematics expert to perform VAR analysis and better capture and manage the risk metrics of the portfolios.
Focus areas: Financial Data, Team Development, Team Leadership, Finance, Financial Ratios, Financial Modeling, Team Management, Money Market, Equities, Fixed Income, Asset Acquisition, Portfolio Management, Investment Analysis, Investment Funds, Bulgaria, Debt Capital Markets, Debt, Asset Management, Asset Valuation
Executive Director
2007 - 2007
UBB Asset Management
- Developed a business plan for the strategic development of the company. The company consisted of four investment professionals, seven back-office administrators, and a shared external sales force with UBB—a bank and the main shareholder.
- Managed a team of investment professionals and the investment management process for client portfolios.
- Managed sales and marketing efforts—took strategic decisions regarding product development and presented the company's business to key clients.
- Oversaw the assets under management grow from six million EUR to 38 million EUR in a young developing market for investment management services in Bulgaria.
- Participated in the company's preparation and introduction of three new mutual funds at the time to diversify customer choice to a total of six mutual funds with different investment profiles.
Focus areas: Financial Data, Management, Team Development, Team Leadership, Finance, Financial Ratios, Financial Management, Profitability Analysis, Team Management, Business Planning, Development, Mutual Funds, Investments & Risk Management, Investment Analysis, Investment Funds, Bulgaria, Debt Capital Markets, Debt, Asset Management, Income Statements, Asset Valuation
Chief Portfolio Manager
2006 - 2007
Allianz Bank Bulgaria
- Managed a team of four investment professionals generating and executing investment ideas for a portfolio with an AUM of 300 million EUR. The portfolios managed by the company were industry-first expanding investments in European and US issuers.
- Analyzed Bulgarian and foreign capital markets and a variety of equity and bond issuers in different developed, developing, and frontier markets. Introduced a novel for the Bulgarian industry portfolio construction techniques.
- Analyzed the portfolio structure of the managed pension funds with a total AUM of 300 million EUR.
- Built and proposed the approval for the strategic asset allocation of the managed pension funds. Executed approved strategic and tactical asset allocation.
- Prepared monthly follow-up reporting to the CEO and management board on portfolio performance as well as analysis on the economic background, over market developments, risks, and opportunities.
- Introduced the first Bloomberg terminal in the pension fund management sector in Bulgaria and trained a number of professionals in utilizing the terminal and the wealth of data provided to create advanced portfolio analytics.
- Introduced the notion of risk-weighted and risk-adjusted portfolio returns to better compare pension fund performance.
- Initiated an industry-wide discussion, which later in 2008 resulted in introducing the Sharpe coefficient as an industry-standard in reporting and a required metric by the Bulgarian Financial Commission in Bulgaria.
Focus areas: Financial Data, Team Development, Team Leadership, Finance, Financial Ratios, Financial Modeling, Team Management, Money Market, Equities, Fixed Income, Asset Acquisition, Portfolio Management, Investment Analysis, Investment Funds, Bulgaria, Debt Capital Markets, Debt, Asset Management, Asset Valuation
Corporate and Municipal Credit Analyst
2005 - 2006
RBC Global Asset Management, (US) Inc.
- Analyzed corporate and municipal bond issuers—mostly investment grade and selected sub-investment grade for a high-yield portfolio.
- Executed approved deals in the OTC bond market and performed portfolio allocations according to investment committee rules.
- Participated in the investment management process of broad-market client accounts; analyzed portfolio structures, generated investment ideas.
- Managed money-market mutual fund portfolios—trade execution and duration management. Total AUM of eight billion USD.
- Managed investment portfolios of client's accounts with mandates of 1-3 years maturity. Total AUM of 300 million USD.
Focus areas: Financial Data, Finance, Financial Ratios, Financial Modeling, Treasury, Asset Acquisition, Portfolio Management, Money Market, Fixed Income, Corporate, Bonds, Local & Municipal Government, Investment Analysis, Investment Funds, Debt Capital Markets, Debt, Asset Management, Microsoft Excel, Asset Valuation
Operations Analyst
2000 - 2003
UBS
- Maintained the client account static data in the bank's databases.
- Participated in the integrated process of settlement of deals executed in client accounts.
- Managed workflow optimization of settlement process projects.
- Analyzed the failed settlement of deals and solved issues.
Focus areas: Data Analysis, Customer Data, Operations Analytics, Trade, Microsoft Excel, Microsoft Word
Education
2003 - 2005
Master's Degree in Business Administration (MBA)
University of Minnesota - Minnesota, USA
1998 - 2002
Bachelor's Degree in Finance and International Business
University of Bridgeport - Connecticut, USA
Certifications
AUGUST 2009 - PRESENT
CFA Charterholder
CFA Institute
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