Olivier Brunet
Verified Expert in Finance
Finance Expert
Dubai, United Arab Emirates
Toptal member since March 21, 2022
Olivier launched his own consulting practice after a 25-year financial career in Eastern Europe, working as CFO or controller for Fortune 100 and CAC40 subsidiaries (Publics, Alstom, Mondelez), combined with audit lead roles at KPMG and Mazars. He enjoys freelancing because it provides him with the opportunity to meet fascinating entrepreneurs and work on challenging projects, allowing him to leverage his corporate best-practice experience to improve accounting and financial processes.
Career Highlights
Education Highlights
Certification Highlights
Case Studies
Expertise
- Accounting
- Budgeting
- CFO
- Financial Management
- Financial Modeling
- Financial Reporting
- Profitability Analysis
- Startups
Work Experience
Trainer
Leoron Institute
- Delivered training sessions on strategic finance for non-financial management topics to large companies in the UAE.
- Held open training sessions in the UAE on governance, compliance, and risk management topics.
- Delivered training sessions to large companies in the UAE on topics related to financial statement analysis.
Interim CFO and Consultant for Entrepreneurs
Self-employed
- Implemented monthly management reports at a leading European bicycle producer (€80 million in sales), with significant growth in the electric bike segment.
- Redesigned accounting and financial processes to accelerate a monthly financial close and shortened it by around five days at the leading Romanian music recording house (€10 million in sales).
- Lectured on financial management matters at the Business Faculty and the Entrepreneurship Academy in Bucharest, delivering valuable tools and insights to around 100 students.
- Performed a sell-side M&A diligence for a Romanian IT-services related company, acquired by a global player, and a buy-side M&A for a European archiving service company who identified a target in Romania; dealt with values of a few MEUR.
Chief Financial Officer
Xclusiverse Technologies LLC
- Revised the financial model and improved the forecasting file prepared by the founder to ensure consistent figures.
- Implemented the financial accounting processes and thoroughly revised the initial accounting reports.
- Implemented internal controls for the procurement process.
- Managed the cash flow in the context of zero runway.
- Prepared the financial slides for the fundraising deck of the startup.
Chief Financial Officer
Publicis Groupe
- Coordinated the seamless merger and integration of three Leo Burnett agencies into Publicis Romania.
- Oversaw the growth of the business from €12 million to 24 million billings while maintaining the net margin at 4%.
- Supported the Client Service Division in negotiating contracts with clients and supervised financial control over commercial activities.
- Achieved clean statutory audit reports and a satisfactory first-time-ever internal audit by group auditors.
Interim CFO
Alstom
- Accompanied the implementation of a financial shared service center across Alstom's four business units in Romania, ensuring the smooth collaboration of the non-outsourced financial processes with the SSC setup, achieved with KPMG consultants in eight months.
- Re-engineered the finance function to support the subsidiary of the worldwide leader in power production, Alstom Group, Power Division, with €15 million in revenue in the frame of a one-year contract.
- Developed the 1st model of hedging effect forecasting on foreign currency projects, ensuring all relevant costs were included in the bid.
Internal Audit and Control Consultant
Groupama Insurance
- Defined a new set of internal procedures and built the foundation for the proper setup of the internal audit function. Designed the first internal audit program and started its implementation in a time frame of six months.
- Developed and implemented the collection of procedures across the entity resulting from the merger of three insurance companies and coordinated the elaboration of a sample of model procedures.
- Changed the board’s view on the internal control system, role band attributions by clarifying the related functions (internal control, internal audit, risk management, quality management) and instruments (policies, procedures, norms, and rules).
- Directed internal control assignments on key processes (claims management, fraud detection, IT reporting requirements, operations at the head office).
Audit Manager
KPMG
- Conducted audit assignments for one season on a diversified portfolio of clients, including those in the telecommunications, real estate, pharmaceutical, construction, and hospitality industries. Ten assignments performed.
- Supervised the Cluj regional office, implementing commercial development activities.
- Took part in the improvement of an internal client acceptance tool.
Regional CFO For Central and Eastern Europe
GPV Groupe
- Enhanced the financial supervision of the regional activity for the head office and addressed strategical organizational issues within GPV Romania. Total sales of €10 million.
- Supervised the financial departments of the five subsidiaries of GPV Group, the European leader in envelope production, based in Central and Eastern Europe, coordinating 18 employees in total in the region.
- Redesigned financial processes and tools for credit control (innovative use of a call center), including cash planning, intragroup reconciliation, and standard cost calculation and deviation analysis.
Head of Audit Department
Mazars
- Conducted the growth of the audit division activity from a team of three and €100–200,000 revenue to a seven employee workforce and revenue nearing €1 million.
- Directed the audit activities of the Romanian subsidiary of Mazars, a second-tier key audit player: acquisition due diligence, M&A on the buy and sell-side, consolidation package review, parent company reporting, and statutory account audit.
- Enlarged portfolio of audit clients from four to about 50 companies in diversified operational areas, like FMCG, construction and related materials, retail, advertising and media, IT development, insurance broker, manufacturing, gaming, and services.
- Promoted the firm within the French business community as treasurer and board member of the French Chamber of Commerce, treasurer of the French Expats Society, and realized advertorial and specialty articles for the MOCI and CCIFER magazines.
- Prepared tenders for local or international bidding prospects such as Dacia-Renault, Gaz de France, and Lafarge and developed the consulting services business line.
Financial Controller
Mondelez
- Supervised translation of statutory to USGAAP accounts and reported financial statements to the parent company Kraft Foods International Inc., N.Y., USA, and the regional head office in Vienna, Austria.
- Completed first-time consolidation process smoothly, with no question from head offices, at the 1999 year-end in Hyperion Enterprise application.
- Managed 14 persons and developed Plant Cost Controlling and Marketing Controlling departments, easing tensions between Chief Accountant and team.
- Developed and monitored internal control procedures; Liaised with internal (Philip Morris Corporate Audit Department) and external (PwC) auditors.
Audit Junior to Auditor-In-Charge (AIC)
KPMG
- Executed audit assignments for a diversified portfolio of clients, mostly on local subsidiaries of multinational corporations.
- Took part in due diligence assignments for the acquisition of local companies by foreign investors.
- Joined the executive MBA program conceived as a career enhancement path with the University of Bristol and Ecole Nationale des Ponts et Chaussees.
Education
Executive MBA in Business Administration
University of Bristol & Ecole Nationale des Ponts et Chaussees - Bristol, UK & Paris, France
Diploma in Accounting & Finance
London School of Economics and Political Science - London, UK
Master of Science Degree in Accounting & Finance
EDHEC Business School - Lille, France
Certifications
ACCA | Association of Chartered Certified Accountants
ACCA | Association of Chartered Certified Accountants
Skills
Finance
Financial Reporting, Profitability Analysis, Financial Planning & Analysis (FP&A), Budgeting, Capital Budgeting, Accounting, Financial Management, Cash Flow, Balance Sheets, Forecasting, Revenue & Expense Projections, CFO, Financial Modeling, Controller, Mergers & Acquisitions (M&A), Internal Financial Reporting, Discounted Cash Flow (DCF), Depreciation, Cash Flow Modeling, RiskMetrics, Cash Flow Forecasting, Taxation, Cash Management, Management Accounting, Due Diligence, Return Analysis, Operating Expenses (OPEX), M&A (Sell-side), M&A (Buy-side), Valuation, Pricing, Fundraising, Debtor & Creditor Management, Capital Structure Optimization, Foreign Exchange (FX) Hedging, 13-week Cash Flow, Credit Control, Three-statement Modeling, Data Analysis, Revenue Management
Data & Analysis Software
Hyperion
Industry Expertise
Early-stage Startups, Retail & Wholesale, Hospitality
Other
Microsoft Office, IFRS Financial Reporting, Modeling, Financial Training, Statutory Audits, Management Reports, Costing, Cost Accounting, Business Management, Income Statements, Financials, Spreadsheets, Reporting, Cash Flow Management, Interim CFO, Startups, Fractional CFO, Business Services, Business Proposals, Financial Reporting Dashboards, Revenue Projections, DCF Modeling, Key Performance Indicators (KPIs), Financial Analysis, B2B, Cash Flow Consultant, Business to Business (B2B), Controllership/Accounting, Controllership, Contract Review, Internal Control Evaluation, Process Design, Process Redesign, Corporate Legal, Group Reporting, Business Planning, Startup Consulting, CAPEX, CAPEX Budgeting & Inventory Management, Controlling, Internal Control, Small & Medium-sized Enterprises (SME), Small Business Consultants, Business Models, Financing, Manufacturing, Finance, Pitch Decks, Transfer Pricing, Policies & Procedures Compliance, Financial Data Analytics, Business to Consumer (B2C), Consolidated Reporting, Subscriptions, SAP, Navision, Due Diligence Consultant, Shared Service Centers, Marketing, International Commerce, Business Development, Internal Audit Function, Business Setup, SAP FI, Cryptocurrency, Cryptocurrency Development, Clothing, Travel, Risk Management, Corporate Governance, Compliance, Fraud Detection
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