Elena Rimashevskaya

M/Q/Annual closing

• US GAAP & accounting closing processes. Develop transparency. RAP to US GAAP transformation for 3 entities;
• Accounting processes & reconciliations. Quarterly balance sheet reviews cadence & transparent view;
• Ensure success on Internal controls & SOX compliance;
• Support to FP&A department;

Support manager processes

• Worked with Process Owners to implement and assess controls, which involved developing policies, redesigning business processes, documenting procedures, and enhancing systems;
• Contributed to the implementation of control policies across various functions including Production, Sales, Inventory, Procurement , Treasury ,CAPEX for MC and PHS entities;
• Worked with external and internal auditors upon requests. Worked with internal audit ratings to elevated the audit rating by implementing controls and instituting regular testing procedures;
• Provided all necessary information requested within the scope of the company merger project. Follow up and apply any policy changes after merge;
• Fully supported and harmonized processes associated with the acquisition of the company;
• Assisting in conducting due diligence procedures;
• Collaborated with cross-functional teams to optimize budgets, resulting in improved resource allocation;

Harmonize US GAAP across all entities

• Enhanced technical processes within the local ERP system;
• Collaborated with internal IT department and Bit Finance consultants to draft technical tasks;
• Engaged with Supply Chain department (procurement and logistics) and master data department to streamline operations;

Finished Projects examples

• Standard cost calculation development align with corporate standards and implementation in local ERP for MC entity;
• PHS manufacturing plant US GAAP accounting establishment, transformation and automatization in local system;
• ERP implementation in US GAAP reporting collaborated with Bit Finance consultants :

- Conducted requirements gathering, validation, and management procedures.

- Drafted technical specifications to guide project development.

- Led acceptance testing to ensure functionality met specifications.

- Designed and facilitated meetings to foster effective collaboration.

- Enhanced and adapted processes to optimize efficiency and effectiveness.

• Transformation of individual financial statements of companies
• Consolidation of financial statements for Group companies, ensuring coherence and compliance.
• Disclosure of notes within group financial statements to provide comprehensive insights for stakeholders.
• Cash flow preparation

• Verification of accounting and financial statements of enterprises
• Analysis of risks and their impact on the scope of audit procedures
• Inspection and conduct of analytical procedures for specific areas of accounting (accounts receivable, accounts payable, cash, salaries, reserves, etc.).

• Interaction with clients and banks.

• Analysis of enterprise performance, both overall and of its individual departments.

• Preparation of reports summarizing the conducted work.