Victoria Kruchevska, Management Consultant in Frankfurt, Hessen, Germany
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Victoria Kruchevska

Verified Expert  in Management Consulting

Bio

Every entrepreneur needs a trusted advisor and sparring partner to troubleshoot ideas, develop financial intelligence, and navigate complex decisions. That’s where Victoria comes in. She is a CFA and FRM-certified financial expert with 15+ years in startups, scale-ups, and top investment banks. She has built scalable finance teams, led financial strategy, and managed IPOs, valuations, and risk assessments. Victoria offers honest, no-filter advice to help companies scale efficiently and succeed.

Career Highlights

Head of Finance
Inuvet
Senior Financial Planner & Analysis Manager
Dropshop Inc.
Senior Financial Analyst for Technology/Software Sector
Commerzbank

Education Highlights

Master's Degree
Heriot-Watt University

Certification Highlights

Financial Risk Manager (FRM)
Global Association of Risk Professionals
Chartered Financial Analyst (CFA)
CFA Institute

Case Studies

Industry Expertise

  • Consumer Services
  • Finance
  • Banking
  • Investment Banking
  • Healthcare Services
  • Veterinary Services
  • Manufacturing
  • Aerospace & Defense

Other Expertise

  • Business Coaching
  • Business Models
  • Equity Valuation
  • Executive Coaching
  • Financial Planning & Analysis (FP&A)
  • Mergers & Acquisitions (M&A)

Work Experience

Head of Finance

2024 - PRESENT
Inuvet
  • Led end-to-end financial operations for a 15+ subsidiary international group, handling payroll, vendor payments, invoicing, cash flow management, approvals, and compliance. Oversaw and developed a 15+ member finance team across multiple countries.
  • Engineered a full financial transformation, building the group’s first-ever finance function in +10 years—introducing controlling systems, cost structures, budgeting policies, and scalable financial governance from the ground up.
  • Cut personnel expenses by 15% of revenue by overhauling compensation models and optimizing cost-heavy structures—driving margin improvement without sacrificing performance.
  • Implemented group-wide financial infrastructure with a unified chart of accounts, integrated budgeting, forecasting, payment flows, and strategic modeling—enabling consolidation, investor readiness, and cross-border financial alignment.
  • Collaborated with multiple departments to optimize working capital, drive operational efficiency, and ensure long-term financial stability.
  • Unlocked 10–15% in cost and liquidity gains through pricing strategy redesign, inventory efficiency improvements, and acquisition of untapped grant funding—directly boosting cash position and financial agility.
Focus areas: Budgeting, Finance Strategy, Financial Reporting, Financial Modeling, Scaling, Fractional COO, Performance Improvement, CFO, Cash Flow Management, Finance Director

Finance Lead

2023 - 2024
Constellr
  • Built and led the finance function for a fast-scaling aerospace group, growing from one entity to a multi-company structure across Europe. Implemented group-wide controlling systems, cost centers, and financial governance from scratch.
  • Architected the financial and strategic framework for international expansion, including feasibility, capital planning, and structural integration of a new subsidiary into the group’s operational and financial model.
  • Designed and enforced full project controlling, budgeting, and burn rate optimization systems, enabling leadership to manage multimillion-euro satellite manufacturing operations with precision and fiscal discipline.
  • Designed and established sustainable project-controlling processes and procedures for complex government-funded aerospace projects.
  • Led investor reporting, liquidity forecasting, and grant compliance across multiple entities, ensuring regulatory alignment and maximizing non-dilutive funding while supporting the group’s fundraising strategy.
Focus areas: Budgeting, Financial Planning & Analysis (FP&A), Liquidity Events, Fundraising, Seed Fundraising, Reporting, Expense Management, Capital Budgeting, Business Modeling, Project Finance, Revenue & Expense Projections, SaaS, Performance Improvement, CFO, Cash Flow Management, Finance Director

Finance Lead

2020 - 2024
Freelance Clients
  • Developed full-scale business and financial models for multiple startups across fintech, retail, and SaaS—integrating revenue streams, cost structures, headcount planning, and investor-grade financial projections.
  • Redesigned and optimized pricing strategies across diverse distribution channels (Amazon, Shopify, DTC), improving margins and channel-specific profitability.
  • Built KPI frameworks and reporting dashboards to provide founders with real-time financial visibility, operational insights, and performance tracking.
  • Advised founders on business models, go-to-market, and growth strategies, including production efficiency, supply chain restructuring, and product expansion to boost scalability and market fit.
  • Led investor readiness efforts, including business plan and pitch deck development, risk analysis, and cross-border fundraising strategy tailored for European and international investors.
Focus areas: Fundraising, Seed Fundraising, Startups, Financials, Budget Modeling, Expense Management, Capital Budgeting, Business Modeling, Revenue & Expense Projections, Fractional COO, SaaS, Performance Improvement, CFO, Cash Flow Management, Finance Director

Senior Credit Analyst for SME

2020 - 2022
KfW
  • Analyzed and evaluated the current business situation of German SME clients, including operational and financial due diligence and drafting the analytical research reports for the credit granting decision process.
  • Constructed interactive and robust financial models, including actual figures and forecasts, to assess financial and operating performance and derive relevant KPIs.
  • Developed and managed long-term financial plans that align with strategies and goals, including business plans, quarterly and yearly budgets, and cash and liquidity analysis.
Focus areas: Credit Risk, Credit Analysis, Forecasting, Business Modeling, Performance Improvement, Cash Flow Management

Senior Financial Planner & Analysis Manager

2020 - 2021
Dropshop Inc.
  • Acted as the main finance custodian of operational data and conducted planning, tracking, analysis, and reporting of the operational performance.
  • Developed and managed long-term financial plans that align with strategies and goals, including business plans, quarterly and yearly budgets, and cash and liquidity analysis.
  • Established advanced financing reporting dashboards, such as bookings, retention rates, churn, customer acquisition cost, customer lifetime value, sales productivity, and the like.
  • Worked closely with the CEO/CFO to determine funding needs and strategy and explore financing deals. Improved the company's core finance and accounting processes and systems.
Focus areas: Budgeting, Forecasting, Financial Modeling, Expense Management, Capital Budgeting, Business Modeling, eCommerce, Software as a Service (SaaS), Revenue & Expense Projections, SaaS, Performance Improvement, CFO, Cash Flow Management, Finance Director

Senior Financial Analyst for Technology/Software Sector

2017 - 2020
Commerzbank
  • Constructed interactive and robust financial models, including actual figures and forecasts, to assess financial and operating performance and derive relevant KPIs.
  • Analyzed and evaluated the current business situation of German software companies, including operational and financial assessment and drafting analytical research reports.
  • Created presentations for financial investors showcasing financial and operating development for German software companies.
  • Worked closely with C-level management to determine strategic goals, reporting needs, and key performance indicators.
  • Led the $60 million IPO of an emerging growth software company in Germany. Authored the offering memorandum and constructed the five-year financial model and underlying valuation.
Focus areas: Investor Relations, Three-statement Modeling, Break-even Analysis, Investor Presentations, Valuation Multiples, Financial Modeling, Financial Reporting, Equity Research, Ratio Analysis, Equity Valuation, Financial Planning & Analysis (FP&A), Mergers & Acquisitions (M&A), Business Modeling, Software as a Service (SaaS), Revenue & Expense Projections, SaaS, Performance Improvement, CFO, Cash Flow Management, Finance Director

Financial Analyst for Industrial SME

2017 - 2017
Vontobel
  • Constructed interactive and robust financial models, including actual figures and forecasts, to assess financial and operating performance and derive relevant KPIs.
  • Built and maintained a detailed three-statement operating model and evaluated economic profitability for 10+ Swiss chemical companies.
  • Developed actionable investment theses and pitched ideas to internal corporate clients and external institutional investors by conducting comprehensive financial modeling and leveraging an in-depth understanding of equity markets.
Focus areas: Investor Relations, Three-statement Modeling, Break-even Analysis, Investor Presentations, Valuation Multiples, Financial Modeling, Financial Reporting, Ratio Analysis, Equity Valuation, Equity Research, Financial Planning & Analysis (FP&A), Mergers & Acquisitions (M&A), Business Modeling, SaaS, Performance Improvement, Cash Flow Management, Finance Director

Financial Analyst for Small & Mid Cap Technology Portfolio

2016 - 2016
Equinet Bank
  • Constructed interactive and robust financial models, including actual figures and forecasts, to assess financial and operating performance and derive relevant KPIs.
  • Analyzed and evaluated the current business situation of German software companies, including operational and financial assessment and drafting analytical research reports.
  • Researched competitive market dynamics, understood critical industry drivers, and developed complex industry models for the semiconductor and equipment manufacturing markets.
Focus areas: Ratio Analysis, Investor Relations, Three-statement Modeling, Break-even Analysis, Mergers & Acquisitions (M&A), Investor Presentations, Valuation Multiples, Financial Modeling, Financial Reporting, Equity Research, Equity Valuation, Financial Planning & Analysis (FP&A), Business Modeling, Software as a Service (SaaS), SaaS, Performance Improvement, Cash Flow Management, Finance Director

Credit Rating Analyst

2014 - 2015
Moody’s Investor Service
  • Developed detailed three-statement financial projections for 20+ diversified European manufacturers and energy service providers, informing the recommendation credit rating assignment.
  • Constructed comprehensive credit risk models and employed credit risk assessment techniques, including financial leverage and scenario analyses, debt structure, and maturity profile evaluation, as well as liquidity requirements of new and existing corporate clients.
  • Created investor slide decks to concisely present trends in the building and construction, manufacturing and energy service providers industries, financial projections, and peer analyses to support specific company credit risk assessment.
Focus areas: Financial Modeling, Financial Reporting, Three-statement Modeling, Ratio Analysis, Credit Evaluation, Credit Risk, Financial Planning & Analysis (FP&A), Business Modeling, Cash Flow Management

Credit Analyst

2013 - 2014
Bank of China
  • Led the credit analysis for a $500 million credit facility of a large Chinese industrial company, including a cash flow and covenants analyses, financial and operational due diligence, in-depth credit risk assessment, and presenting the findings in the bank's Credit Committee for the subsequent approval of the credit facility.
  • Built and maintained robust credit risk models and employed credit risk assessment techniques for credit lines of up to $50 million, letters of credit, and export-import financing, including development of risk scorecards and risk mitigation strategies, financial leverage, and liquidity requirements.
  • Performed the credit risk assessment of 30+ European and Chinese diversified manufacturing companies, including operational and financial due diligence and drafting the analytical research reports to inform the credit granting decision process.
Focus areas: Credit Evaluation, Risk Analysis, Credit Risk, Financial Planning & Analysis (FP&A), Business Modeling, Cash Flow Management

Education

2011 - 2015

Master's Degree in Financial Management

Heriot-Watt University - Edinburgh, Scotland

2012 - 2012

Bachelor's Degree in Business Administration

FOM University of Applied Sciences - Wiesbaden, Germany

2005 - 2009

Bachelor's Degree in Financial Management

Kiev Investment Management Institute - Kiev, Ukraine

Certifications

JUNE 2015 - PRESENT

Financial Risk Manager (FRM)

Global Association of Risk Professionals

JUNE 2015 - PRESENT

Chartered Financial Analyst (CFA)

CFA Institute

Skills

Finance

Credit Risk, Credit Evaluation, Ratio Analysis, Financial Reporting, Valuation Multiples, Discounted Cash Flow (DCF), Financial Planning & Analysis (FP&A), Equity Valuation, Mergers & Acquisitions (M&A), Three-statement Modeling, Credit Analysis, Financial Modeling, Credit/Debt, Forecasting, Revenue & Expense Projections, Capital Budgeting, Budgeting, Cash Flow Modeling, Cash Flow, Project Finance, CFO, Risk Analysis, Finance Strategy, Fundraising, Seed Fundraising, Equity Research, Asset Valuation, Valuation, Comparable Company Analysis

Output Software

Microsoft Excel, Microsoft PowerPoint

Data & Analysis Software

Bloomberg, Capital IQ, Thomson Reuters, Tableau

Industry Expertise

Banking & Finance, Software, Technology, Chemicals, Industrials

Geographic Expertise

Germany, Europe, United States

Other

B2B, Investor Presentations, Investor Relations, Equity, Company Research, Company Analysis, Business Research, DCF Modeling, Peer Group Analysis, Peer Comparison, Reuters Eikon, Equity Investment, Investments, Stock Market, Budget Modeling, Financials, Expense Management, Financial Ratios, Revenue Analysis, Business Coaching, Executive Coaching, Coaching, Scaling, Fractional COO, SaaS, Performance Improvement, Cash Flow Management, Finance Director, Business Modeling, Break-even Analysis, Company Strategy, Business Models, eCommerce, Software as a Service (SaaS), CAPEX, Business Planning, Startups, Liquidity Events, Reporting, Key Performance Indicators (KPIs), Financial Controls & Processes, Fundraising Strategy, Dashboards

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