Radek Costa-Sarnicki CPA, CA, MAcc

Chief Financial Officer at BlueRush
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Contact Information
us****@****om
(386) 825-5501
Location
Canada, CA

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LinkedIn User

Radek has been one of the most dedicated and loyal individuals I’ve had the pleasure of working with. His depth of experience and knowledge helped Coinberry strategically navigate the waters as a young crypto startup. He took a chance on us at the beginning and stuck with us during the tough times. He brought us through multiple audits and actively participated in all aspects of the business in addition to being responsible for the finance and accounting side of the corporate framework.

Harp Gahunia, CA, CPA, MAcc

Radek is well versed in the business economics of crypto brokerages and understands the flow of funds of crypto currencies extremely well. His financial modelling skills are very advanced and capable of working with large data sets. From an accounting perspective, Radek is well versed in the application of accounting principles as they relate to crypto and having successfully gone through 2 full 3-year audits at Coinberry with a top 4 Audit and Advisory Firm, he has also gained significant knowledge on the presentation of financial information in the crypto space. His experience would be invaluable to any crypto company.

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Credentials

  • CPA, CA
    Canadian Institute of Chartered Accountants
  • Executive Leadership Programme
    Queen's University

Experience

    • Canada
    • Technology, Information and Media
    • 1 - 100 Employee
    • Chief Financial Officer
      • Sep 2022 - Present

    • Principal
      • Apr 2016 - Present

    • Canada
    • Financial Services
    • 1 - 100 Employee
    • SVP Special Projects
      • Oct 2021 - Mar 2022

      Lead a number of high impact projects, allowing company to automate a number of critical, finance driven processes; working closely with all department heads on data analytics solutions allowing for unobstructed view of business performance

    • Chief Financial Officer
      • Feb 2018 - Oct 2021

      Hands-on key finance and business leader in a fast-paced startup environment; designed and established core financial metrics, internal processes and controls, financial and compliance reporting; actively participates in creating business and marketing strategies; hands-on responsibility for all things finance and beyond; successfully led the company through 4 years of financial audits under IFRS; along CEO and co-funders, involved in all aspects of growing business to the next level.

    • Canada
    • Software Development
    • 1 - 100 Employee
    • Chief Financial Officer
      • Jun 2017 - Apr 2018

      Key finance advisor to the founding team; assistance with establishing core financial metrics, including long-term business plan and multi-year financial forecast model; and introduction of founders to a number of potential investors. Key finance advisor to the founding team; assistance with establishing core financial metrics, including long-term business plan and multi-year financial forecast model; and introduction of founders to a number of potential investors.

    • Canada
    • Software Development
    • 1 - 100 Employee
    • Chief Financial Officer
      • Dec 2016 - Feb 2018

      Key finance leader; assistance with establishing core financial metrics, internal processes and controls, financial and compliance reporting; development and oversight of monthly, quarterly and annual financial reporting packages for CEO, Board of Directors and shareholders; oversight over financial institutions’ covenants and periodic reporting. Corrected and reviewed accounting records for first time review engagement, including recurring revenue and unearned revenues recognition policies and complex equity tables.

    • Canada
    • Financial Services
    • Chief Financial Officer (Advisory position)
      • Jun 2016 - Dec 2016

      Key finance advisor to the founding team, assistance with establishing core financial metrics, business canvas, business plan and long-term forecast financial statements; introduction of founders to a number of potential investors. One of key contributors to the service/product development, customer value proposition and go-to-market strategy. Key finance advisor to the founding team, assistance with establishing core financial metrics, business canvas, business plan and long-term forecast financial statements; introduction of founders to a number of potential investors. One of key contributors to the service/product development, customer value proposition and go-to-market strategy.

    • Vice President - Finance & Treasury / Global Corporate Controller
      • 2009 - Sep 2016

      Played key role in establishing efficient international structure of high-growth corporate group, including tax, financing and corporate governance (internal controls) considerationsAccountable for strategic development and leadership of global accounting function - built and successfully managed scalable global finance team of 20+ professionals to support management of the significant growth (over 400% in 7 years), extensive global operationsSuccessfully negotiated and obtained innovative working capital and long-term financing, resulting in significant interest savings to the companyHands-on, direct responsibility for multi-currency consolidations for 20+ entities, periodic financial and management reporting as well as year-end audit engagements across multiple jurisdictionsSuccessfully led strategic planning and annual budgeting process for all entities of the group, including pricing and costing models, new markets and initiatives' analysis and human capital requirements supporting business expansion effortsKey contact for lenders, lawyers, insurers, external auditors, government agencies and other service providers

    • Interim Global Corporate Controller / Director of Finance
      • 2006 - 2009

      Responsible for the financial and operational reporting for the corporate group with $400M revenues. Through major efficiency initiatives shortened the month close to 5 from 40+ business daysDirect responsibility for the multinational, multi-currency consolidations, lenders and management reporting for the group of 6 international entities; included development of Excel based consolidation modelHands on, direct responsibility for full cycle accounting, including preparation and review of journal entries, period-end adjustments and reconciliation schedules for major accountsSuccessfully managed global finance team, including four controllers (US, China, Serbia, South Africa)

    • Manager - Assurance & Compliance
      • Apr 2000 - Jan 2006

      Responsible for the management of financial compliance engagements (audits and reviews) for a number of the significant clients of the firm, including stand-alone companies, corporate groups and Canadian subsidiaries of foreign companies. Responsible for all aspects of the engagements including budgeting, planning, proper execution of audit and/or review procedures, preparation of corporate tax returns as well as delivery of the final product Supervision and training of junior and senior team members.

Education

  • University of Manitoba
    Master of Accountancy, Accounting / Business
    1997 - 1998
  • Lakehead University
    Honours Bachelor of Business Administration, Business / Accounting
    1993 - 1997
  • Katolicki Uniwersytet Lubelski Jana Pawła II
    European History
    1983 - 1985
  • Chartered Professional Accountants of Canada (CPA Canada)
    CPA, CA
    2002 -

Community

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