Mike Helde, Finance Expert in Jakarta, Indonesia
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Mike Helde

Verified Expert  in Finance

Finance Expert

Location
Jakarta, Indonesia
Toptal Member Since
December 25, 2018

Mike has worked 16 years in Asia in senior finance positions, including helping Metro Group (a major European retailer) expand its Japanese business from two to nine stores and assisting Imerys (a leading industrial company) to establish a profitable JV. He later became an entrepreneur in ERP and outsourced accounting fields in southeast Asia. Mike enjoys freelancing to help clients with complex financial modeling and corporate finance projects.

Career Highlights

Group CFO
BlueFox
CFO
PT Indoporlen

Education Highlights

Master's Degree
Louis Pasteur University

Case Studies

Work Experience

Founding Owner

2018 - PRESENT
Exacta Consulting
  • Built a financial model, created the pitch deck, and performed fundraising for a startup in the HR field.
  • Served as a fractional CFO for a health-tech startup.
  • Developed a financial model, business strategy, and fundraising support for a greenfield data center project.
  • Implemented an ERP as a functional project manager for an AI startup with a presence in seven countries.
  • Setup local operations and partnerships for a big data company focusing on retail data analytics.
Focus areas: Fundraising, Business Strategy, Financial Modeling, Big Data

Group CFO

2018 - 2018
BlueFox
  • Implemented Odoo, an ERP system, across business units covering eight countries with a team of 15 internal resources and two external consultants.
  • Built a new financial planning model to assess the profitability of new markets and forecast existing markets with more accuracy and efficiency, reducing the time required for a forecast from one week to half a day.
  • Rebuilt the Vietnamese finance team, hiring a local CFO and three staff in less than three weeks.
  • Implemented a new set of internal controls to ensure organizational compliance.
Focus areas: CFO, Management Accounting, Control Audits, Financial System Implementation, Budgeting, Financial Planning & Analysis (FP&A)

CFO

2013 - 2018
PT Indoporlen
  • Reduced receivables by $3 million, reviewing the entire collection flow and processes to decrease payment terms down from 20+ days to 5 days; defining customer segmentation based on business size and payment behavior; establishing a collection approach based on customer risk profile; creating strict credit limits; implementing rigorous and comprehensive terms and conditions.
  • Coordinated a comprehensive restructuring plan to reduce from 600 employees in 2013 to 350 employees in 2018.
  • Implemented shared accounting and IT services for the three group companies, reducing the finance and IT staff from 27 employees in 2013 to nine employees in 2018.
  • Led an SAP implementation that covered multiple functions including sales, procurement, manufacturing, warehousing, and quality control with eight internal users and five external consultants, successfully delivering within a $500,000 budget in less than one year.
  • Developed manufactured goods cost models to ensure the accuracy of product-level margins leading to gross margin increases from 18% to 22%.
Focus areas: CFO, Financial System Implementation, Profitability Optimization, Cost Reduction & Optimization (Cost-down), Financial Reporting, Accounting Consolidation, Financial Planning & Analysis (FP&A)

VP of Controlling and Planning

2009 - 2012
Metro Cash&Carry
  • Developed a Japanese market expansion financial plan for the opening of five new stores with required capital expenditures of €120 million. As a result of this expansion, the company grew from €120 million in revenue to more than €300 million.
  • Optimized business reporting and decreased the number of reports from 50+ to less than 20, helping to ensure that business users have faster access to relevant information to manage their areas of responsibility.
  • Implemented a staff scheduling system to optimize the utilization of resources, helping to decrease the per store employee count by ten individuals and simultaneously improve customer service satisfaction levels from 92% to 97%.
  • Led a turnaround plan to improve the company's performance with 50+ actions covering critical areas including sales, margins, inventory management, employee optimization, general and administrative cost reductions, helping to double operating income in two years.
  • Managed the functional implementation of MicroStrategy, a big data software tool, for the Japanese business.
Focus areas: Capital Expenditure Planning, Budgeting, Business Planning, Financial Planning & Analysis (FP&A)
2001 - 2002

Master of Business Administration (MBA) Degree in International Management

Louis Pasteur University - Strasbourg, France

1996 - 2001

Master's Degree in Economics

Louis Pasteur University - Strasbourg, France

Finance

Financial Planning & Analysis (FP&A), Financial Modeling, Financial Model Auditing, Return Analysis, CFO, Budgeting, Management Accounting, Financial Reporting, Cost Reduction & Optimization (Cost-down), Profitability Optimization, Financial System Implementation, Control Audits, Accounting Consolidation, Capital Expenditure Planning, Working Capital Management, Fundraising, Three-statement Modeling

Output Software

Excel 2016, Microsoft PowerPoint, SAP R/3, Microsoft Word, Microsoft Excel, Google Sheets, Google Slides, Microsoft Dynamics

Industry Expertise

Retail & Wholesale, FS Planning, Industrial & Manufacturing

Data & Analysis Software

SQL

Geographic Expertise

Indonesia, Japan, France, Germany, Singapore

Other

Analysis of Variance (ANOVA), Consolidated Reporting, Reports, Reporting, Excel Reporting, Financial Closing, Period-end Closings, Modeling, Business Analysis, IRR, Business Planning, Budget Modeling, Manufacturing, SAP, SAP Business Warehouse (BW), Odoo, Excel VBA, Excel Macros, Business Strategy, CAPEX, MicroStrategy, Compliance, Change Management, Business Partnerships, SAP ERP, Big Data, Startups, Startup Consulting, Pitch Decks, IT

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