Kresimir Profaca, Finance Expert in Zagreb, Croatia
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Kresimir Profaca

Verified Expert  in Finance

Finance Expert

Location
Zagreb, Croatia
Toptal Member Since
November 14, 2017

Kresimir is an entrepreneur and CFO with more than two decades of experience in growth-stage startups and large corporations. He's worked in the retail, eCommerce, telecom and construction industries, most recently managing the restructuring and sale of a $40 million company to a strategic investor. Freelancing expands Kresimir's network and allows him to bring his expertise as a CFO to growing and mature businesses worldwide.

Career Highlights

CFO | COO
Zagreb-Montaža
Consultant
Management Consultant

Education Highlights

Bachelor's Degree
University of Zagreb

Case Studies

Work Experience

Country director

2019 - PRESENT
TMF
  • Optimized a client portfolio in terms of revenue, profitability, and cash flow. More than 400 clients were involved, and close to 100 team members cooperated in service delivery to clients.
  • Enhanced and optimized levels of resources cost considering internal and external resources. Optimized cost in a high-growth environment.
  • Increased satisfaction of both clients (increase in NPS score) and engagement scores of the team.
Focus areas: Budgeting, Planning, Financial Modeling, People Management, Accounting, Payroll & Benefits, Forecasting

CFO | COO

2016 - 2019
Zagreb-Montaža
  • Restructured $100 million of debt, optimized growth, and rationalized costs for a $100 million business.
  • Implemented a system of KPIs which helped to identify opportunities for improvement including a 30% reduction in fixed costs and an increase in EBITDA from $2 million to $5 million.
  • Built integrated three statement financial models that allowed the client to negotiate improved supplier terms, saving 10% across all contracts.
  • Reduced employee-related costs by 20% which optimized the divisional headcount across the company.
  • Implemented reporting system for a private equity fund that included working capital analysis, divisional and project-level P&Ls, financial statements, and forecasts.
  • Implemented a CRM process that resulted in pipeline and revenue stream stabilization with clients and suppliers including Eiffage S.A., Alstom (General Electric), and Hitachi Zosen Corporation.
Focus areas: Business Planning, Revenue Modeling, Cost Efficiency, Strategic Planning & Execution, Pricing, Budgeting, Financial Planning & Analysis (FP&A), CFO, Cash Flow Management, Forecasting

Consultant

2015 - 2016
Management Consultant
  • Conducted financial and operational due diligence of potential acquisition targets, focusing on marketing plans, pricing, market research, benchmarking, media strategy and sales feasibility models.
  • Completed two due diligence projects for the private equity acquisitions of an FMCG manufacturer and a construction firm.
  • Implemented financial control processes and procedures for a small manufacturing business, resulting in an EBITDA improvement of 10%.
  • Built a financial model and investor presentation for a startup health and fitness business which helped the firm generate two letters of intent from prospective investors.
  • Built financial models and a robust cash flow forecast for a capital-intensive entertainment business which aided the company in raising investment capital.
Focus areas: Feasibility Studies, Cost Reduction & Optimization (Cost-down), Financial Data, Financial Advisory, Due Diligence, Cash Flow Management, Forecasting

CEO

2013 - 2015
Kozmo
  • Reversed the negative sales trends and achieved 8% growth by implementing a profit center reporting matrix that enabled the organization to analyze and improve store and product-level performance.
  • Implemented new metrics and incentive structures for sales management which contributed to an increase in direct sales of more than 20%.
  • Led the company to a successful $20 million exit to a strategic investor.
Focus areas: Revenue Optimization, Market Opportunity Analysis, Business Planning, Investments, Financial Planning & Analysis (FP&A), Cash Flow Management, Forecasting

CFO | COO

2010 - 2013
Kozmo
  • Implemented a new reporting and KPI performance tracking system which enabled a 20% reduction in fixed costs.
  • Reduced costs by 20% by optimizing employee-related expenses, renegotiating the supplier terms, improving the processes, and reducing the days in inventory from 120 days to under 100.
  • Created new NPV-based store location selection models which increased the success rate of new stores from 70% to 90%.
  • Implemented new compensation programs including variable pay structures that tied compensation to the revenue and profit performance of individual business units which helped to reverse negative sales trends and drive more than 8% growth.
  • Built a three-statement financial model that contributed to an 8% increase in sales and a 20% reduction in direct costs.
Focus areas: Cost Reduction & Optimization (Cost-down), Financial Modeling, Financial Accounting, Financial Reporting, Financial Planning & Analysis (FP&A), CFO, Cash Flow Management, Forecasting

CEO

2007 - 2009
Telcro Grupa
  • Identified investors, led fundraising, and created the financial model, presentation, and draft contracts for a successful $200,000 seed capital raise.
  • Envisioned and designed an operational business plan for the launch of the first MVNO in Croatia.
  • Created detailed marketing plan, competitive pricing strategy, and financial model for a telecom operator.
  • Created the financial model that drove dynamic pricing and valuation which enabled management to adjust to new market conditions quickly and contributed to a successful round of fundraising.
Focus areas: Price Analysis, Pricing Strategy, Fundraising, Seed Fundraising, Business Planning, Cash Flow Management, Forecasting
2003 - 2004

Certified Master of Business Administration (CMBA) in General Management

INSEAD - Fontainebleau, France

1992 - 1996

Bachelor's Degree in Computer Science

University of Zagreb - Zagreb, Croatia

Finance

Pricing Strategy, Cost Reduction & Optimization (Cost-down), Financial Planning & Analysis (FP&A), Cash Flow Modeling, Budgeting, Fundraising, Venture Funding, Revenue Modeling, CFO, Financial Reporting, Cash Flow, Forecasting, Financial Modeling, Accounting, Private Equity, Pricing, Cost Efficiency, Market Opportunity Analysis, Revenue Optimization, Financial Accounting, Due Diligence, Financial Advisory, Seed Fundraising, Valuation, Price Analysis, Cost Management

Output Software

Microsoft PowerPoint, Excel 2010, Microsoft Word

Industry Expertise

Telecommunications, Retail & Wholesale, Construction, Luxury Goods, Health & Wellness

Geographic Expertise

Central Eastern Europe, United States, Eastern Europe

Data & Analysis Software

Financial Data

Other

Cash Flow Analysis, Business Planning, COO, Mentorship & Coaching, Strategy, Analysis, Fractional CFO, Virtual CFO, Interim CFO, Consulting, EBITDA, Cash Flow Management, Pricing Models, Financial Statements, Beauty Products, Accounts Payable, Managerial Economics, Exit Strategy, Exit Planning, FMCG, Compensation, Teaching, Human Resources (HR), Pitch Presentations, Strategic Planning & Execution, Feasibility Studies, Sensitivity Analysis, Revenue Projections, Profit Optimization, Product Strategy, Marketing Mix, Investments, Planning, People Management, Payroll & Benefits, Computer Science, Business Administration

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