Endi Miletic
Chief Financial Officer at Fairmed Healthcare- Claim this Profile
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Croatian Native or bilingual proficiency
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German Limited working proficiency
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Italian Native or bilingual proficiency
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English Full professional proficiency
Topline Score
Bio
Credentials
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Goal Setting: Objectives and Key Results (OKRs)
LinkedInMar, 2023- Nov, 2024
Experience
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Fairmed Healthcare
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Switzerland
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Pharmaceutical Manufacturing
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1 - 100 Employee
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Chief Financial Officer
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Nov 2019 - Present
Developed effective business partnership with the Fairmed CEO Strides executive team and actively participated in defining strategic direction. Established forecasting and strategic planning process (5-year plan) and translated it into operational business plans with measurable targets. Provided strong financial leadership in key projects like Product Development, New Product Launches, Divestitures, Portfolio Rationalization, In-licensing, and Out-licensing projects, driven execution & ensured ongoing monitoring. Managed resource allocation between different projects based on organization’s potential financial results and strategic positions. Prepared and monitored product development budget (Research and Formulations, Regulatory and Quality Cost). Monitored end-to-end profitability of product portfolio (manufacturing – transportation – storage – testing & release and distribution). Introduced review process for business development initiatives to assure transparent decision-making process. Prepared Financial analysis and analytics for business development projects based on market trends. Reorganized finance and accounting department to improve efficiency and excess spending and implemented month end closing process. Implemented group accounting policy and created and enforced company-wide internal controls process regarding revenue, expenses, and assets. Overseen all daily financial operations activities such as Record-to-Report, Procure-to-Pay, Order-to-Cash and Payroll accounting. Managed treasury activities, liaised with banks, financial institutions, and factoring companies. Supported CEO in the fundraising activities with venture debt companies raising EUR 10M private equity type loan. As interim Head of Supply Chain and logistics, managed sourcing and third-party suppliers. Lead contract negotiations with CMOs. Recruited, Trained, Developed and Managed Finance (2 in Switzerland and 3 in Germany) and Supply Chain (4 in Germany) teams. Show less
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Lupin
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India
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Pharmaceutical Manufacturing
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700 & Above Employee
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Associate Director of Finance
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May 2015 - Oct 2019
Lead and coordinated financial planning and forecasting process for Swiss legal entities. Prepared consolidated financial statements for the Board Meetings, monthly management reports and managed various ad hoc requests. Responsible for delivering presentations to the Board and Corporate management about the overall Product development status. Lead the preparation of the R&D budgets (Preclinical, Clinical trials, Regulatory cost, Quality cost, Site cost…) Monitored Research and Development pipeline and expenses in collaboration with R&D, manufacturing and finance teams based in Netherlands, India, and US (yearly budget approximately USD 60M). Provided financial leadership in key New Product Launches of Orphan drug and Biosimilar products and In-licensing, and Out-licensing projects. Prepared and deliver business cases including predictive scenarios for new product development initiatives. Restructured finance and accounting department to prepare the team for the growth of the business (from EUR 14M to EUR 180M). Prepared yearly financial statement for Swiss entities and contributed on release of the group consolidated financial statements. First point of contact for the subsidiaries regarding any requirements related to accounting, financing, tax issues or financial support. Established internal control processes required to support new finance operating structure and manage and grow the business. Ensured that the company and its subsidiaries have sufficient liquidity – consolidated cash flow. Planned, organized, and managed quarterly and yearly audits in compliance with Swiss (Swiss Gaap) and Group statutory requirements (IFRS). Worked with Global manufacturing, Supply Chain and Tax teams on establish Global Manufacturing Strategy and efficient value chain flow. Recruited, Trained, Developed and Managed Finance team (3 in Switzerland, 1 in India + Shared Service team in India). Show less
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Commercial Metals Company
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United States
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Mining
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700 & Above Employee
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Financial Controller / Financial Analyst Europe M&D
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Mar 2012 - Mar 2015
Financial Planning, Analysis and Reporting:Business partner to the President Europe M&D – approximately USD 180M yearly turnover.Lead the financial planning and forecasting process for the European M&D operations including annual capital expenditure plan.Provided in-depth analysis to the Local and US Corporate Management on variances to plan and forecast.Consolidated CMC International monthly forecasts and KPIs – approximately USD 500M yearly turnover.Prepared the data fand commentary for Quarterly earnings call for all European entities. Monitored economic environment, market conditions, customers, suppliers, profit drivers and risks.Prepared management reports, including flash report, monthly management dashboards, KPIs.Presented monthly results of European operations to the Corporate and Local Management.Developed efficient tools for operating and SG&A cost control and provided recommendations for the improvements.Accounting:Initially, built and then guided the accounting shared service team in Poland during the month-end closing process.Improved, standardized, and automated month end closing processes across Europe M&D entities. Ensured that accounting teams followed the procedures, and, that business decision are reflected correctly in the GL.Ensured that AP and AR are paid/collected in a timely manner.Hedge accounting for Europe M&D entities. Reviewed manufacturing cost of the external providers with the management and propose corrections.Performed quarterly inventory NRV test and yearly Asset impairment test for the Europe M&D entities.Others:Closure and sales of CMC Sisak plant: assist in the pitch deck preparation, organized data room, manged follow up questions from potential buyers. Implemented Oracle in all Europe M&D entities. Participated in organizing the Treasury Shared Service in Luxemburg.Supported Treasury team in the Cash Flow forecast and Foreign Currency Hedging. Show less
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Financial Controller
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Apr 2009 - Mar 2012
Financial Planning, Analysis and Reporting:Lead the financial planning and forecasting processes, including capital expenditure planning, 3-year business and 5-year strategic plan. Monitored Capex spending and assured that the investments spending is within approved budgets (Capex budget approximately USD 150M). Provided in-depth analysis to the Local and Corporate Management on variances to the plan and forecast. Provided recommendations to corporate management regarding operating cost and financial performance of the company and potential operating risks. Defined KPIs and prepared daily production and sales report, flash report, monthly management dashboard.Prepared and presented quarterly Audit committee and Quarterly enrings reports for the plant.Accounting:Reorganized work of accounting, controlling, IT and, manufacturing departments to shorten month end closing from 14 to 4 working days. Developed and implemented new ABC type manufacturing cost calculation for steel casting and pipes production. Oversight of all aspects of accounting for the business according to statutory IFRS and corporate US Gaap standards.Design and oversight of internal controls in compliance with all Sarbanes-Oxley and group policies and proceduresImplemented functional currency change from HRK to EUR and lead the ERP modification for statutory and tax purpose. Others:Prepared and lead the cost saving project of the rolling equipment utilization resulted in the reduction of EUR 17 per metric ton with the yearly production approx. 80.000 MT.Part of the team that negotiated EUR 40M loan with the IFC (World Bank Group).Part of the negotiation team that obtain lifting anti-dumping duties imposed by EU Commission.Overview of the Capex construction of the new melt shop worth 50 million euro. Show less
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Aucris Zagreb
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Zagreb, Croatia
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Senior Financial Analyst
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Sep 2008 - Mar 2009
Developed financial models for financial planning and forecasting to enable financial decision making. Implemented budget control processes for the clients including employee training. Prepared recommendations for improving overall business performance including operating, SG&A cost and working capital management. Provided in depth analysis to the clients regarding their company financial performance and how to mitigate potential risks. Supported clients in managing all phases of the capital rising and/or debt restructuring. Built controlling and FP&A function in small and medium size companies. Show less
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Education
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2023 - 2023
The London School of Economics and Political Science (LSE)
MBA Essentials -
2023 - 2023
IMD
Certification, High Performance Leadership Program -
2001 - 2007
Università Ca' Foscari di Venezia
Master of Arts (MA), Financial Markets
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