ANDRIY SAPIZHYNSKYY

Joined the Egypt branch of the Naftogaz Group as the Deputy Finance General Manager, leading on financial processes and implementing new policies and procedures to optimize performance.

• Leading preparation and management of annual budget process
• Performing management reporting and financial data analysis to enable sound decision making
• Delivering corporate budget management support while planning and directing financial processes
• Liaising with members of Senior Management and stakeholders to confer on opportunities and finances, and leading negotiations with EGPC and contractors
  Implementing new policies and procedures to improve performance and efficiency, such as improvement of invoice tracking process
• Participating in shareholder meetings, involving minute-taking and preparation of annual reports
• Producing P&L reports, cashflow statements and forecast reports, as well as other financial documents
  

Key Achievements:

• Delivered 40% revenue growth by preparing analytical materials for approval of decision to amend concession agreement’s terms and conditions
• Improved invoice tracking and payment request follow-up by implementing new processes
• Enabled improved decision making by updating management reporting process, and enhanced budget preparation process and annual budget reporting process

Served as Head of Treasury Department for Veres Company in Ukraine, maintaining high levels of treasury performance and orchestrating management of financial processes.

• Executed improvements to processes and procedures while developing and implementing internal cash flow reporting/planning
• Maintained stringent compliance with regulatory requirements and internal policies and procedures
• Managed bank accounts for over 10 legal entities, and supervised payments (accounts payable, taxes, foreign currency transactions and payroll)
• Led negotiations with banks to obtain loans and open new bank accounts
  Key Achievements
• Developed and implemented new internal cash flow reporting and planning system, significantly enhancing processes
• Spearheaded implementation of payment module improvement within accounting system

Joined Ocean Plaza Shopping Mall as Head of Treasury Department, responsible for overall performance of department and implementation of improvements to processes

• Led smooth-running of financial processes and managed bank accounts for various legal entities
• Oversaw currency exchange transactions and secured best exchange rates by negotiating with banks
• Supervised payments, including accounts payable, taxes, foreign currency transactions and payroll
• Managed cash balances and negotiated with bank on deposit interest rates
• Engaged with National Bank of Ukraine regarding loan agreement registration and reporting
• Evaluated contracts and requests for payments, and implemented internal cash flow reporting and analysis process
  

Key Achievements

• Improved reporting by introducing new, enhanced cash flow reporting and analysis process
• Managed over 3 legal entities
  Implement dashboard for weekly Cashflow Reports
• Successfully secured extension and registration of loan agreements