Umit Sonmez
Chief Financial Officer at Cigna Finans Emeklilik ve Hayat A.S.- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
-
English Professional working proficiency
-
Turkish Native or bilingual proficiency
Topline Score
Bio
Experience
-
CignaTurkiye
-
Insurance
-
200 - 300 Employee
-
Chief Financial Officer
-
Oct 2020 - Present
-
-
-
Burgan Bank Türkiye
-
Türkiye
-
Banking
-
700 & Above Employee
-
Chief Financial Officer
-
Jul 2019 - Oct 2020
* Leading Financial Planning & Reporting, Accounting & Tax Management and Procurement functions. * Preparing reports and offering recommendations to the CEO and Board of Directors * Establishing performance management structure of the bank and advising short, medium, and long term financial planning for the business. * Overseeing the preparation of financial reports and statements and process of financial forecasting and budgeting. * Member of Executive Committee, Asset & Liability… Show more * Leading Financial Planning & Reporting, Accounting & Tax Management and Procurement functions. * Preparing reports and offering recommendations to the CEO and Board of Directors * Establishing performance management structure of the bank and advising short, medium, and long term financial planning for the business. * Overseeing the preparation of financial reports and statements and process of financial forecasting and budgeting. * Member of Executive Committee, Asset & Liability Management Committee, Provisioning Committee & Chairman of Procurement Committee. * Managing relations with the shareholder, regulator, external auditors, rating agencies. Show less * Leading Financial Planning & Reporting, Accounting & Tax Management and Procurement functions. * Preparing reports and offering recommendations to the CEO and Board of Directors * Establishing performance management structure of the bank and advising short, medium, and long term financial planning for the business. * Overseeing the preparation of financial reports and statements and process of financial forecasting and budgeting. * Member of Executive Committee, Asset & Liability… Show more * Leading Financial Planning & Reporting, Accounting & Tax Management and Procurement functions. * Preparing reports and offering recommendations to the CEO and Board of Directors * Establishing performance management structure of the bank and advising short, medium, and long term financial planning for the business. * Overseeing the preparation of financial reports and statements and process of financial forecasting and budgeting. * Member of Executive Committee, Asset & Liability Management Committee, Provisioning Committee & Chairman of Procurement Committee. * Managing relations with the shareholder, regulator, external auditors, rating agencies. Show less
-
-
-
Hemenal Finansman A.Ş.
-
Türkiye
-
Financial Services
-
General Manager
-
Jan 2019 - Jul 2019
* Leading and managing the business, fully responsible for the day-to-day running of departments. * Defining company’s direction and goals and optimizing business procedures according to road map. * Leading organizational change of the company and taking cost optimization initiatives. * Managing relations with all stakeholders including business partners, monitoring contractual responsibilities
-
-
Assistant to General Manager - Finance & Credits
-
Oct 2018 - Jan 2019
* Leading Financial Control, Accounting and Credits functions of the company * Evaluating current business model and opportunities in the market and their financial impacts. * Assisting finance team in the formulation of forecasts and budgets. * Monitoring collection performance on bed debts and NPLs.
-
-
-
QNB Group
-
Qatar
-
Banking
-
700 & Above Employee
-
Head of Financial Strategy, MIS and Business Planning
-
Mar 2017 - Aug 2018
* Providing regular reports to management and analyzing deviations from budget and variations between reporting periods. * Leading Line of Business performance monitoring, providing feedbacks and making feasibility analysis. * Managing annual budgeting and planning process across the Bank and its subsidiaries. * Setting financial KPIs of all divisions and departments for performance monitoring and quality measures. * Coordinating IT team to establish accurate accounting and… Show more * Providing regular reports to management and analyzing deviations from budget and variations between reporting periods. * Leading Line of Business performance monitoring, providing feedbacks and making feasibility analysis. * Managing annual budgeting and planning process across the Bank and its subsidiaries. * Setting financial KPIs of all divisions and departments for performance monitoring and quality measures. * Coordinating IT team to establish accurate accounting and reporting infrastructure, overseeing proper functioning of finance-related information systems. * Training and coaching team members for their career development. Show less * Providing regular reports to management and analyzing deviations from budget and variations between reporting periods. * Leading Line of Business performance monitoring, providing feedbacks and making feasibility analysis. * Managing annual budgeting and planning process across the Bank and its subsidiaries. * Setting financial KPIs of all divisions and departments for performance monitoring and quality measures. * Coordinating IT team to establish accurate accounting and… Show more * Providing regular reports to management and analyzing deviations from budget and variations between reporting periods. * Leading Line of Business performance monitoring, providing feedbacks and making feasibility analysis. * Managing annual budgeting and planning process across the Bank and its subsidiaries. * Setting financial KPIs of all divisions and departments for performance monitoring and quality measures. * Coordinating IT team to establish accurate accounting and reporting infrastructure, overseeing proper functioning of finance-related information systems. * Training and coaching team members for their career development. Show less
-
-
-
QNB Finansbank
-
Türkiye
-
Banking
-
700 & Above Employee
-
Director – Budgeting, Performance Management, MI Reporting and Cost Management
-
Mar 2014 - Mar 2017
* Leading Performance Management, Budgeting & Planning, Cost Management and MI Reporting functions in Finance. * Coordinating and leading the Cost Management Committee of the Bank and implementing the decisions of the Committee. * Evaluating the feasibility of investment, campaign and promotion decisions and monitor their costs and benefits. * Setting strategic and financial KPIs for Executive VPs in conjunction with the CEO and supporting Human Resources to manage the performance of… Show more * Leading Performance Management, Budgeting & Planning, Cost Management and MI Reporting functions in Finance. * Coordinating and leading the Cost Management Committee of the Bank and implementing the decisions of the Committee. * Evaluating the feasibility of investment, campaign and promotion decisions and monitor their costs and benefits. * Setting strategic and financial KPIs for Executive VPs in conjunction with the CEO and supporting Human Resources to manage the performance of top management of the Bank. * Performing stress tests under different scenarios in collaboration with Risk Management Unit and embeding the results into performance management and business plan activities. * Regularly attending the Executive Committee, Asset & Liability & Balance Sheet Committee, and other functional committees of the Bank. * Taking active role in public offering processes of the Bank.
-
-
Senior Vice President - Budgeting and Performance Management
-
Mar 2011 - Mar 2014
* Developing and maintaining MIS reporting policies and establishing ad-hoc or periodic reports in line with the management requirements. * Assessing the Bank’s performance in line with the budget/business plan and against peer banks and local banking sector and establishing performance measures that support the Bank’s strategic direction. * Establishing and reevaluating the performance management policies and metrics of business lines, branches and RMs. * Assessing system requirements… Show more * Developing and maintaining MIS reporting policies and establishing ad-hoc or periodic reports in line with the management requirements. * Assessing the Bank’s performance in line with the budget/business plan and against peer banks and local banking sector and establishing performance measures that support the Bank’s strategic direction. * Establishing and reevaluating the performance management policies and metrics of business lines, branches and RMs. * Assessing system requirements of Finance function and managing and assisting data warehouse and IT implementations.
-
-
Vice President - Budgeting & Planning
-
May 2007 - Mar 2011
* Overseeing and leading annual budgeting and planning process, making strategic decisions in liaison with the CEO. * Administering and reviewing all financial plans and budgets of the subsidiaries and BLs. * Providing financial support for business strategy development and monitoring execution. * Preparing bank only and consolidated estimated financial statements in compliance with IFRS and Local GAAP. * Reporting actual versus budget financial analysis to BoD on a monthly… Show more * Overseeing and leading annual budgeting and planning process, making strategic decisions in liaison with the CEO. * Administering and reviewing all financial plans and budgets of the subsidiaries and BLs. * Providing financial support for business strategy development and monitoring execution. * Preparing bank only and consolidated estimated financial statements in compliance with IFRS and Local GAAP. * Reporting actual versus budget financial analysis to BoD on a monthly basis. * Preparing and discussing the business plan with senior management and coordinating strategic action plans of the BLs. * Managing the implementation and maintenance of Hyperion Budgeting Tool.
-
-
-
Sütaş Group
-
Food and Beverage Manufacturing
-
700 & Above Employee
-
Financial Planning And Analysis Manager
-
Jan 2006 - May 2007
* Developing and maintaining accounting policies that comply with Local GAAP. * Leading the process of the annual operating budget, long-term plans and forecasts. * Preparing comprehensive periodical (quarterly/monthly/weekly) financial reports and analysis for company management & holding management. * Helping and facilitating new product projects and developing new business initiatives. * Managing the product profitability analysis and guiding pricing processes of products. *… Show more * Developing and maintaining accounting policies that comply with Local GAAP. * Leading the process of the annual operating budget, long-term plans and forecasts. * Preparing comprehensive periodical (quarterly/monthly/weekly) financial reports and analysis for company management & holding management. * Helping and facilitating new product projects and developing new business initiatives. * Managing the product profitability analysis and guiding pricing processes of products. * Controlling and reporting the Company’s costs in terms of the budget. Show less * Developing and maintaining accounting policies that comply with Local GAAP. * Leading the process of the annual operating budget, long-term plans and forecasts. * Preparing comprehensive periodical (quarterly/monthly/weekly) financial reports and analysis for company management & holding management. * Helping and facilitating new product projects and developing new business initiatives. * Managing the product profitability analysis and guiding pricing processes of products. *… Show more * Developing and maintaining accounting policies that comply with Local GAAP. * Leading the process of the annual operating budget, long-term plans and forecasts. * Preparing comprehensive periodical (quarterly/monthly/weekly) financial reports and analysis for company management & holding management. * Helping and facilitating new product projects and developing new business initiatives. * Managing the product profitability analysis and guiding pricing processes of products. * Controlling and reporting the Company’s costs in terms of the budget. Show less
-
-
-
Marsa
-
Food and Beverage Manufacturing
-
100 - 200 Employee
-
Internal Controller
-
May 2002 - Jan 2006
* Developing the Company’s policies and procedures in accordance with Kraft Foods International and Sabancı Holding policies and procedures, adopting and ensuring compliance with statutory and regulatory requirements. * Improving effectiveness and efficiency of operations, eliminating non-value adding tasks by examining business processes. * Reviewing accounting and administrative applications in order to assure appropriate internal controls have been implemented and providing… Show more * Developing the Company’s policies and procedures in accordance with Kraft Foods International and Sabancı Holding policies and procedures, adopting and ensuring compliance with statutory and regulatory requirements. * Improving effectiveness and efficiency of operations, eliminating non-value adding tasks by examining business processes. * Reviewing accounting and administrative applications in order to assure appropriate internal controls have been implemented and providing recommendations to minimize operational risks. * Assisting the business lines in conducting “Control Self Assessment Reviews” to analyze the strengths and weaknesses of the control environment. Achievements * Leadership of “The Cost Reduction Project” - Planning actions to reduce company costs and reporting results to Sabancı Holding. * Member of “Promotional Materials Process Reengineering Project” team - Designation of new processes and implementation into SAP system to reduce costs of distribution and improve traceability of materials. * Leadership of “Tangible Assets Management Project” - to provide appropriate safeguarding and tracking of company assets. * Leadership of “Budget Control Module Project in Procurement Processes” in SAP system. Show less * Developing the Company’s policies and procedures in accordance with Kraft Foods International and Sabancı Holding policies and procedures, adopting and ensuring compliance with statutory and regulatory requirements. * Improving effectiveness and efficiency of operations, eliminating non-value adding tasks by examining business processes. * Reviewing accounting and administrative applications in order to assure appropriate internal controls have been implemented and providing… Show more * Developing the Company’s policies and procedures in accordance with Kraft Foods International and Sabancı Holding policies and procedures, adopting and ensuring compliance with statutory and regulatory requirements. * Improving effectiveness and efficiency of operations, eliminating non-value adding tasks by examining business processes. * Reviewing accounting and administrative applications in order to assure appropriate internal controls have been implemented and providing recommendations to minimize operational risks. * Assisting the business lines in conducting “Control Self Assessment Reviews” to analyze the strengths and weaknesses of the control environment. Achievements * Leadership of “The Cost Reduction Project” - Planning actions to reduce company costs and reporting results to Sabancı Holding. * Member of “Promotional Materials Process Reengineering Project” team - Designation of new processes and implementation into SAP system to reduce costs of distribution and improve traceability of materials. * Leadership of “Tangible Assets Management Project” - to provide appropriate safeguarding and tracking of company assets. * Leadership of “Budget Control Module Project in Procurement Processes” in SAP system. Show less
-
-
-
QNB Finansbank
-
Türkiye
-
Banking
-
700 & Above Employee
-
Senior Internal Auditor
-
Aug 1997 - May 2002
* Conducting general audits, examinations and investigations within the Bank departments and branch network. * Evaluating credit risks by analyzing the firms’ financials and controlling the enforceability of obtained collaterals. Achievements * Assumed responsibility as a trainer and a consultant in the renewal of core banking system. * Examined supply chain, procurement, revenue and sales processes of Gima T.A.Ş. (subsidiary of the Bank) and worked as counselor for the elimination… Show more * Conducting general audits, examinations and investigations within the Bank departments and branch network. * Evaluating credit risks by analyzing the firms’ financials and controlling the enforceability of obtained collaterals. Achievements * Assumed responsibility as a trainer and a consultant in the renewal of core banking system. * Examined supply chain, procurement, revenue and sales processes of Gima T.A.Ş. (subsidiary of the Bank) and worked as counselor for the elimination of risks. * Worked as an Internal Quality Systems Auditor to improve Finansbank’s QMS. Show less * Conducting general audits, examinations and investigations within the Bank departments and branch network. * Evaluating credit risks by analyzing the firms’ financials and controlling the enforceability of obtained collaterals. Achievements * Assumed responsibility as a trainer and a consultant in the renewal of core banking system. * Examined supply chain, procurement, revenue and sales processes of Gima T.A.Ş. (subsidiary of the Bank) and worked as counselor for the elimination… Show more * Conducting general audits, examinations and investigations within the Bank departments and branch network. * Evaluating credit risks by analyzing the firms’ financials and controlling the enforceability of obtained collaterals. Achievements * Assumed responsibility as a trainer and a consultant in the renewal of core banking system. * Examined supply chain, procurement, revenue and sales processes of Gima T.A.Ş. (subsidiary of the Bank) and worked as counselor for the elimination of risks. * Worked as an Internal Quality Systems Auditor to improve Finansbank’s QMS. Show less
-
-
Education
-
Özyeğin Üniversitesi
Graduate School of Business / Executive Master of Business Administration -
Orta Doğu Teknik Üniversitesi / Middle East Technical University
Faculty of Arts & Sciences, Statistics