Siegfried Radu

Finance and Administration Officer

Markdorf, Germany

Experience

Jul 2023 - Jul 2023
1 month
Bodelshausen, Germany
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Marc Cain GmbH

  • Accounting for subsidiaries in the USA and Canada (ProAlfa).
Oct 2022 - Oct 2022
1 month
Laußig, Germany
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Leonhard Moll Betonwerke GmbH & Co. KG

  • Support during the transition from Navision to Microsoft Dynamics.
  • Entry of manufacturing data that had not been transferred.
Jul 2022 - Aug 2022
2 months
Radolfzell, Germany
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Konrad GmbH

  • Current account accounting, primarily accounts payable.
  • Review of outgoing invoices and preparation of incoming invoices for posting (account assignment), posting using Navision.
May 2022 - May 2022
1 month
Freiburg im Breisgau, Germany

Finance and Administration Officer

Solidaridad e.V.

  • Administrative tasks in an international non-profit organization.
  • Booking preparations, payment transactions, human resources.
Oct 2020 - Nov 2020
2 months
Wangen im Allgäu, Germany
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Waldner Holding GmbH & Co. KG

  • Manufacturer of laboratory equipment.
  • Accounts payable, recording incoming invoices with RecSolution and posting with ProAlpha.
Nov 2016 - Apr 2019
2 years 6 months
Markdorf, Germany

Treasurer and Board Member (voluntary)

FDP Ortsgruppe Markdorf

  • Establishment of administration.
  • Responsible for the transition from cameralistics to double-entry accounting.
Jan 2015 - Apr 2016
4 months

Building an e-commerce business

  • Selection of suppliers (e-commerce) for kitchen-related products.
  • Establishment of procurement processes with order placements, delivery note and invoice processing in collaboration with an external service provider.
Jul 2014 - Aug 2015
1 year 2 months

Building a raw material import business with a business plan

  • (integrated planning of P&L, balance sheet, cash flow statement).
  • Advising a start-up on importing copper and other metals, conducting research on buyers and suppliers, clarifying import and financing issues.
Jan 2014 - May 2014
5 months

Creating a business plan for establishing a children's cancer clinic

  • (integrated planning of P&L, balance sheet, cash flow statement).
  • Planning the renovation and operation of an existing, decommissioned facility.
  • Considering specific requirements of pediatric oncology, planning of facilities and catering, as well as a hotel for family caregivers.
  • Presentation of accounting processes (especially procurement).
Aug 2013 - Dec 2014
5 months

Creating a business plan for a pyrolysis company

  • (Processing of waste tires and plastics), integrated planning of P&L, balance sheet, cash flow statement.
Jan 2013 - Jul 2013
7 months

Consulting an engineering and automotive supplier company on business continuation after insolvency

  • Defining the operating units to be continued and the strategy.
  • Creating a business plan (integrated planning of P&L, balance sheet, cash flow statement) and searching for an investor.
  • Changing procurement processes, cost allocation and invoicing.
Sep 2012 - Sep 2012
1 month

Assisting a US company with the audit of its German subsidiaries under US GAAP

  • Accompanying the auditors to explain German accounting regulations and clarify documents.
Aug 2012 - Aug 2012
1 month

Lecturer SAP FI

Bundesanstalt für Arbeit

  • Teaching retrained professionals the essential areas of financial accounting (general ledger, accounts receivable, accounts payable, fixed assets, closing entries).
  • Explaining accounting processes based on SAP workflows.
Nov 2011 - Apr 2012
6 months

Advising a private investor on the acquisition of a company in the rail maintenance and point heater sector

  • Creating a business plan (integrated planning of P&L, balance sheet, cash flow statement) based on provided figures.
  • Analyzing business processes and recommending simplifications.
Apr 2011 - Oct 2011
7 months
Blaubeuren, Germany

Strategic Purchasing

Centrotherm AG

  • Identification of supply-critical parts, creating part profiles, searching and selecting suitable suppliers for various parts and components.
  • Selection criteria: quality, technical competence, location, price.
Jan 2010 - Mar 2011
3 months
Switzerland

Advising a private investor

  • On the acquisition of an analytical company in the pharmaceutical sector in Switzerland.
Jan 2007 - Mar 2009
2 years 3 months
Germany
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Cooper Standard Automotive (Deutschland) GmbH

  • Reduction of high receivables and account cleanup after the acquisition of a US subsidiary.
  • Consolidation of two accounts receivable departments, relocation of accounting, plant closure, training a group of four temporary workers (rotating staff).
  • Process analyses, credit memo procedures, consignment stock, international contract manufacturing.
  • Value-added tax issues.
  • Elimination of duplicate postings, account reconciliations with customers and sister companies in various countries.
  • International credit checks, preparation of delivery proof.
  • Review of cost center assignment of incoming invoices.
  • Identification of deviations in price agreements through contract analysis.
  • Execution of monthly closings.
  • Document management according to SOX.
Jan 2004 - Dec 2005
2 years
Zaragoza, Spain

Controller in Spanish subsidiary

Aweco

  • Plastic injection molding company, sector: electrical household appliance supply.
  • Revenue: €17 M, 170 employees.
  • Introduction of reliable financial planning with multi-year forecasting and an informative monthly reporting system.
  • Controlling support for a production restructuring process (process reorganization, staff reduction).

For the German parent company:

  • Establishment of a production site in Mexico.

  • Search and selection of building.

  • Definition of machinery, layout and utility requirements (power, water, air).

  • Execution of financial planning for the start-up process.

  • Analysis of the profitability of a plant in Slovakia.

Jan 2003 - Dec 2009
6 years

Consulting various medium-sized companies

  • Advising several medium-sized companies in the fields of medical devices (including accounting and payroll), machining technology and logistics on management, certification, financial accounting and the implementation of ERP systems.
Jan 2001 - Dec 2003
2 years
Tettnang, Germany

Sole Managing Director

Tercon Hydraulik und Motoren GmbH

  • Sector: metal processing and electric motor manufacturing.

  • Revenue: €600 K, 12 employees.

  • Development and production of special electric drives and manufacturing of hydraulic cylinders for the paper machine industry, development of electric drives for small vehicles (wheelchairs, golf carts, etc.).

Jan 1997 - Dec 2002
5 years
Markdorf, Germany

Sole Managing Director

Höss-Präzision GmbH

  • Sector: machining technology.

  • Revenue: €8 M, 90 employees.

  • Supplier for mechanical engineering and automotive companies.

  • Large and small series production, workshop manufacturing.

  • Turning and milling parts.

  • Certified to DIN EN ISO 9000.

Jan 1994 - Dec 1995
1 year
Alfeld, Germany

General Authorized Representative

Werkzeugmaschinenfabrik C. Behrens AG

  • (Punching machines and laser cutting systems)

  • Sector: machine tool manufacturing.

  • Revenue: €25 M, 105 employees.

  • Implementation of a new ERP system (newly purchased software) and a monthly reporting system (initially Excel-based).

  • Pre- and post-costing of individual orders billed as projects.

  • Advising management on strategic issues.

Jan 1992 - Dec 1995
4 years
Southfield, United States

Sole Managing Director (CEO)

KS International Investment Corporation, Inc.

  • Holding company for the North American subsidiaries of Kolbenschmidt AG, Neckarsulm.

  • Sector: automotive supply.

  • Revenue: US$200 M, 220 employees.

  • Leadership of three production companies and one sales company in the USA, as well as one production company in Canada.

  • Products: pistons for combustion engines, plain bearings, steering wheels, air bags, valves and water pumps for engine cooling.

  • Member of the boards of the subsidiaries.

  • Three of the companies were joint ventures with partners from Japan, Brazil and Canada.

  • Strategy, market development, accounting, annual and monthly plans.

  • Plan-actual comparisons of the subsidiaries' financials.

  • Engagement and cooperation with auditors.

  • Financial statements according to GAAP and HGB.

  • Tax optimization issues (double taxation treaties).

  • Appointment of managing directors, restructuring of production processes, construction of a new plant.

Jan 1987 - Dec 1992
5 years
Frankfurt am Main, Germany

Board Member Finance and Administration

Naxos-Union AG und Diskus Werke AG

  • Manufacturer of grinding machines and grinding tools.

  • Sector: machine tool manufacturing.

  • Revenue: €100 M, 1,200 employees.

  • Naxos-Union AG was owned by the Dr. Arthur-Pfungst Foundation; Diskus Werke AG was publicly traded but majority-owned by Naxos-Union AG.

  • Responsible for accounting, personnel, purchasing, materials management, organization, IT and general services, chairman of the board of the US subsidiary.

  • Transfer of parts production from Diskus to Naxos.

  • Construction of a new grinding tools plant in Butzbach and relocation of the Frankfurt operations there.

  • Implementation of controlling and reporting systems.

  • The group was in financial trouble due to large losses at my appointment.

  • Negotiations with a banking consortium, conclusion of a pooling agreement, dissolved three years after profitability was restored.

  • Conversion of the sole proprietorship Naxos-Union into a public company.

  • Preparation and execution of the sale of the group.

Jan 1981 - Dec 1987
6 years
Neckarsulm, Germany

Head of Department Controlling Foreign Subsidiaries

Kolbenschmidt AG

  • Subsidiary of Metallgesellschaft AG, Frankfurt/Main.

  • Sector: automotive supply.

  • Revenue: €800 M, approx. 4,000 employees.

  • Establishment of foreign controlling with annual plans and monthly reports.

  • Subsidiaries in South Africa, Brazil, Mexico, USA, France, United Kingdom and Ireland.

  • Preparation of meetings and decisions for the board.

  • Preparation of board meetings, leadership of international cooperation projects.

  • Development of international tax optimizations together with experts (mainly Arthur Andersen and KPMG).

  • Leadership in the sale of shares in the Mexican subsidiary.

  • Negotiations in English and Spanish.

  • Frequent foreign assignments.

Jan 1979 - Dec 1981
2 years
Düsseldorf, Germany

Audit Director for the Dutch Subsidiary

Rank Xerox GmbH

  • Sector: office equipment (sales).

  • The so-called Systems Performance Assurance Division (SPAD) reported to London and was centrally responsible in Düsseldorf for the Netherlands, Switzerland, Austria and Germany.

  • Conducting investigations to ensure the proper functioning of the group-wide in-house IT systems.

  • Testing the functionality of new IT systems before, during and after implementation.

  • Training employees on the systems.

  • Contributing to the preparation of annual financial statements in the Netherlands, Austria and Switzerland.

  • Conducting special investigations.

Jan 1976 - Dec 1980
3 years
Frankfurt am Main, Germany

Head of Controlling and Deputy Head of Region West

Lufthansa Service GmbH

  • Sector: airline catering.

  • Responsible for the administration of the facilities at Düsseldorf and Cologne airports.

  • Productivity monitoring and improvement, investment calculations and execution of investments.

  • Clarification of organizational issues, optimization of transport to the aircraft.

  • Establishment of a factory outlet at Düsseldorf Airport.

Jan 1974 - Dec 1977
4 years
Erftstadt, Germany

Lecturer and Research Associate

Universitätsseminar der Wirtschaft

  • Sector: executive education for business managers.

  • Courses in economics, business administration, and mathematics.

  • Supervision of groups solving case studies.

  • Design and delivery of seminars.

  • Establishment of the German case study center.

  • Participation in Harvard Business School case study seminar in Fontainebleau.

Jan 1970 - Dec 1975
4 years
Königstein, Germany

Research Associate

Planungsgruppe Ritter

  • Sector: development aid consulting.

  • Conducting studies commissioned by the Federal Ministry for Economic Cooperation and Development.

  • Conducting a market study for steel profile sheets in Algeria.

  • Multiple stays in Algeria.

  • Interviews in French.

  • Research on the labor intensity of production processes in the food and beverage industry.

Languages

German
Native
English
Advanced
French
Advanced
Spanish
Intermediate

Education

Technische Universität Berlin

Diploma Engineer · Industrial Engineering: Mechanical Engineering and Business Administration · Berlin, Germany

Certifications & licenses

SAP Supply Chain Manager

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