Momchil Kostov

Accounting and Relationship Manager at EST SA
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Contact Information
us****@****om
(386) 825-5501
Location
Geneva, Geneva, Switzerland, CH
Languages
  • Bulgarian Native or bilingual proficiency
  • English Full professional proficiency

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Experience

    • Switzerland
    • Financial Services
    • 1 - 100 Employee
    • Accounting and Relationship Manager
      • Sep 2021 - Present

    • Switzerland
    • Transportation, Logistics, Supply Chain and Storage
    • 700 & Above Employee
    • Country Finance Manager Greece
      • Apr 2015 - Jan 2020

      Kuehne+Nagel is a global logistics company operating in over 100 countries, with 1300 offices and more than 80,000 employees.After 5 years heading the finance department in Bulgaria, I have joined Kuehne+Nagel in Greece in some of the most turbulent times of financial uncertainty and instability which the country experienced following the heavy economical and financial crisis which started around 2008. During this period, the local organization has been through significant restructuring, downsize, and management changes. Still, with a turnover of nearly EUR Mio. 40 it remains one of the leading logistics companies on the Greek market.My major goal was to safeguard the local operations and financial stability and help the team to turn around the company results to a stable and profitable performance. Being in charge of all financial aspects, I was leading a team of 8 highly dedicated and skilled professionals.Major challenges and achievements were:- Crisis management during the closing of the banks in July 2015 and capital controls imposed on financial operations- Strict and rigorous management of receivables and working capital- Renegotiated credit terms/limits with customers and suppliers to achieve proper liquidity balance- Cash and liquidity planning to sustain operational performance- Restructuring of local business and functional units, seeking optimized cost efficiency and grasping any new business opportunity- Liaised with local, regional and corporate heads to actively propose action planning and management tools for improved business performance- Supported the establishment of Thessaloniki Shared Service Center to employ approx. 150 new employees (2016)- Reduced losses and eventually achieved first profitable year in 2018- Ensured compliance with the group and statutory guidelines and regulations, secured transparency and clean audit history

    • Country Finance Manager Bulgaria
      • Jun 2010 - Mar 2015

      Kuehne+Nagel in Bulgaria went through a significant transformation which started with the appointment of a new Country Manager some months before I joined as a country Finance Director.In the next 5 years we managed to increase sales turnover by more than 400% (from EUR 2 Mio. to 9 Mio.), double the number of personnel, rent a new office and warehouse in a class A facility. I have organized the group and local reporting focused on efficiency and kept a minimum number of people in the finance department (2).I was enrolled in several training programs, such as the established KN Blue Academy - a set of leadership seminars aiming to shape the future leaders of Kuehne+Nagel.My major tasks and responsibilities were:- Accounts receivable, collection and credit control- Working capital management- Accounts payable, e-invoicing, payment schedules and creditors reconciliations- Fixed assets register maintenance- Cash and banks management, cash allocations, bank reconciliations and bank guarantees- FSL (forwarding sub-ledger) management- General ledger accounting and reporting- Local books, tax matters and statutory reporting requirements (including statutory audits)- Payroll calculations and salaries payouts- Intercompany transactions, clearing payments and local transfer pricing file maintenance- Annual budgeting and target settings- Procurator

    • France
    • Beverage Manufacturing
    • 700 & Above Employee
    • Accountant
      • Jan 2008 - May 2010

      Pernod Ricard is a French group, global co-leader in production and distribution of spirits and wines, owners of some of the most renowned brands such as Ballantine's, Absolut, Jameson, Havana Club. The Bulgarian office of the company holds a leading market share with a turnover of approx. EUR 25 Mio. (2019).I have worked in a small team of 3 (Finance director, Chief accountant and Accountant) and held a general accounting role, contributed to improve efficiency, streamline processes and reduce workload. In 2009 I was invited to join the training Finance for finance staff, which took place in the company training center near Paris.My major tasks were:- Booking and registration of fixed assets, incoming invoices, bank statements- Petty cash responsible- Advances to employees and follow-up of travel expenses- Keeping a record of customers contracts and credit limits management- Monitoring of customers volume incentive agreements- Participation in the annual warehouse stock counts- Reconciliation between the accounting and the stock module

    • Netherlands
    • Financial Services
    • 700 & Above Employee
    • Junior Accountant
      • Mar 2005 - Dec 2007

      TMF Group is a multinational firm that provides accounting, tax, HR and payroll services to businesses operating on an international scale.I have joined the Bulgarian office as a Junior accountant and was responsible for a portfolio of customers - small to midsize companies. Supervised and guided by experienced and knowledgeable seniors, I had the opportunity to get comprehensive knowledge of accounting and reporting and their practical application in international business. My tasks included:- Receipt and filing of company documents- Booking of receivable and payable invoices, bank statements and cash receipts, employees expense reports- Processing payments through web banking- Preparation of payroll calculations and payouts- Monthly VAT returns filing- Reports and forms submission for governmental institutions- Annual corporate income tax calculations and tax returns- Annual closing of accounts and statutory financial statements preparation

    • United Kingdom
    • Travel Arrangements
    • 400 - 500 Employee
    • Team Member
      • Aug 2004 - Jan 2005

      Butlin's is a chain of large seaside resorts in the United Kingdom. I have spent 6 months working as a team member in Bognor Regis and had various roles in a fast food restaurant and housekeeping. Butlin's is a chain of large seaside resorts in the United Kingdom. I have spent 6 months working as a team member in Bognor Regis and had various roles in a fast food restaurant and housekeeping.

Education

  • University of Geneva
    Diploma of Advanced Studies (DAS), Commodity Trading
    2020 - 2021
  • D. A. Tsenov Academy of Economics
    Bachelor and Master degrees, Accounting and Finance
    2000 - 2007
  • University of Chichester
    English Language
    2004 - 2005

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