Daniel Grzybek

• Lead a team of 6-8 Accountants
• Management of the weekly production accounting side (i.e. funding, payments, control checks, etc.)
• Responsible for monthly bookings of general ledger accounts
• Management and review of the month-end/quarter-end closing tasks (i.e. bank reconciliations, analysis of accounts, reporting to senior management, bookkeeping, investigating and clearing outstanding balances, intercompany rec’s, allocations, accruals, prepayments, re-classes etc.)
• Review and upload of quarter-end closing packages
• Review and analysis of reported balance sheet and income statement
• Ensuring compliance with internal accounting policies
• Support and guidance of local accounting teams
• Cooperation and building strong relationships with key stakeholders (i.e. Controllers, Finance Managers/Directors, Invoicing and Debriefing teams, AP Shared Services, and Operation teams).
• Preparation of all necessary documents for the annual audit and cooperation with external auditors
• Forecasting and legal projection for balance sheet and income statement accounts
• Drive projects and improve processes

EMEA Revenue Recognition Responsibilities:

> Monthly review of existing and new projects
> Quarterly EMEA revenue cut off adjustment
> Preparation of “white papers” for EMEA projects, based on corporate internal policies and US GAAP principles. The process involves:
o Cooperation with Finance, Sales, Project, Legal, and CSR departments in EMEA region in order to gather project data
o Understanding of the nature of reviewed projects
o Evaluate a “bigger picture” to establish revenue recognition criteria to be outlined in the documentation of the arrangement (white paper)

> Change Management Process (using GAP analysis) – in progress
o Identification of the current process in EMEA region
o Proposal of the new standardized process to reflect desired requirements
o Implementation of the new Revenue Recognition process in EMEA region

Project Accounting Responsibilities:

> Liaise with Project Teams to review open/closed projects
> Preparation of Closed/Open Projects Summary for Finance Leaders
> Month-End Tasks:
o CGS analysis: defer CGS for open projects
o Inventory - post project stock
o Subcontractors: post accruals, write-offs (closed projects), defer open project costs
o Post revenue for closed projects
o Monthly project revenue analysis

• Monitor project investment, including AR, WIP, BIA for the selected portfolio of projects, ensuring correct revenue recognition and timely billings
• Supervision and management of 8 Project Accountants working on a portfolio of approximately 400 projects
• Participation in period close activities by analyzing month-end financial reports (GM, Provision for Loss, WIP etc.), review commentary by Project Accountants, reviewing and approving pre-close and post-close journals and identifying the need for additional adjustments
• Identify changes in existing procedures and policies, providing appropriate training to team members.
• Directly involved in guiding business groups on Revenue Recognition matters based on US GAAP that affect projects and internal policies
• Active participation and management of Project Accounting transition to SSC
• Review project initial set-up; ensure that contractual terms are appropriately reflected in the system and project accounting files are complete, set-up and properly maintained
• Review and monitor project performance during project life (performing selective periodic project reviews with Project Accountants), and helps identify potential issues and improvements

Shared Services responsibilities for entities in EMEA region:

• Accounts Payable – Supervision of AP team, resolving escalated queries, providing training and support, analysis of IC ledger & approving journals
• Balance Sheet, Intercompany, ledger, and bank reconciliations for EMEA entities.
• Responsible for preparing analysis and schedules for local management as well as internal and external auditors (i.e. assistance in preparation of CIT returns and statutory Financial Statements).
• Budgeting: maintaining finance cost according to the budget plan.
• Transfer Pricing: profit calculation and cost distribution among ultimate entities. Strong contribution and cooperation with Tax Department in establishing Master Sales Agreements between parent company and its subsidiaries.
• Sales Revenue Reporting – Analysis and Calculation of generated sales and preparing commission based IC re-charges
• Participation (often as a leader) in various ad-hoc projects (i.e. finance presentations; coordination of contracts for financial services in EMEA countries; enhancing back-up system in the team etc.).
• enhancement and improvement of various internal processes

Management Accounting Responsibilities:

• Inventory Management: with the focus on the excess and obsolete (E&O) analysis and items that are fully reserved.
• Accounts control and maintenance.
• Investigating abnormal entries and solving related issues.
• Preparation of EMEA reports to senior management based on Income Statement, variance, quantity analysis; material and price variation summaries, and commentary.
• Analyzing the purchase price variation (PPV) accounts and material average trend price on monthly basis.
• FX analysis – Analysis and Reporting the effect of FX on material variances
• Overhead Reporting – Analyzing and Reporting to EMEA Senior Management in sales, marketing, HR, CSR, quality, and development departments.

Responsible for accounting function for entities in Europe and Middle East regions including:

• Balance Sheet reconciliation
• Intercompany reconciliation
• Compliance with SOX and US GAAP
• Accounts Payable function
• Payroll function
• Process of compliance within accounting deadline
• Preparation of various reports for audit purposes
• Preparation of Marketing Sales Agreement (MSA) calculations
• Preparation and analysis of marketing costs
• Preparation of customer and vendor Master Data reports
• Involved in the process and implementation of merging 2 entities in MEA region
• Involved in the SAP upgrade and system change to the new version

Working Experience gained through 6 months of practice in SSC Team which included:
• Invoice process
• T&E process (Expense Reimbursements)
• Journal invoice process
• A/P ledger posting
• Control of payments
• A/P transaction and controls
• Processing of payments
• Control of Prepayments/Accruals

Enterprise production combined with quality assessment and measurement.