Siegfried Radu
Finance and Administration Officer
Experience
Marc Cain GmbH
- Accounting for subsidiaries in the USA and Canada (ProAlfa).
Leonhard Moll Betonwerke GmbH & Co. KG
- Support during the transition from Navision to Microsoft Dynamics.
- Entry of manufacturing data that had not been transferred.
Konrad GmbH
- Current account accounting, primarily accounts payable.
- Review of outgoing invoices and preparation of incoming invoices for posting (account assignment), posting using Navision.
Finance and Administration Officer
Solidaridad e.V.
- Administrative tasks in an international non-profit organization.
- Booking preparations, payment transactions, human resources.
Waldner Holding GmbH & Co. KG
- Manufacturer of laboratory equipment.
- Accounts payable, recording incoming invoices with RecSolution and posting with ProAlpha.
Treasurer and Board Member (voluntary)
FDP Ortsgruppe Markdorf
- Establishment of administration.
- Responsible for the transition from cameralistics to double-entry accounting.
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.
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.
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).
Creating a business plan for a pyrolysis company
- (Processing of waste tires and plastics), integrated planning of P&L, balance sheet, cash flow statement.
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.
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.
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.
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.
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.
Advising a private investor
- On the acquisition of an analytical company in the pharmaceutical sector in Switzerland.
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.
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.
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.
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.).
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.
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.
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.
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.
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.
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.
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.
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.
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
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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