Rusu Liviu-Constantin
Head Of Accounting
Luxembourg
Summary
- Skilled in executing business plans to maximize profitability, streamline operations and maintain compliance with industry regulations.
- Proven people leader motivates and optimizes staff performance and productivity.
- Collaborative leader with dedication to partnering with coworkers to promote engaged, empowered and diverse work culture.
- Documented strengths in developing and executing accounting optimisation processes.
- Champion user of Microsoft Dynamics ERP gained through active participation at implementation in HB Reavis
- Champion user of Ms Office tools gained in 6 years of audit and transaction advisory in Big4 companies
- Certified VAT, Corporate income tax and International Income tax advisor in Luxembourg
- Strong problem-solving skills and analytical thinking gained through-out the directorship mandates during the last 7 years.
Overview
14
14
years of professional experience
10
10
years of post-secondary education
2
2
Certifications
3
3
Languages
Work History
Head of Accounting/ Managing Director
HB Reavis Holding SA
01.2020 - Current
- Plan, organize and supervise the activities of the local accounting department to ensure timely and accurate delivery of Financial Statements and Group reporting under Luxembourg General Accepted Accounting Policies and Group reporting under IFRS
- Led Board Meeting in quality of Chairman and Accounting Manager of 22 group entities
- Developed and led an accounting team from scratch by internalizing the accounting function from fiduciaries.
- Lead due diligence process for acquisition of lands and sale of real estate projects
- Coordinate with external service providers such as legal, tax compliance, auditors, AIFM
- Deliver the Group's digitalization strategy aimed at increasing overall efficiency, implementing process optimization, automation, and standardisation.
- Develop, maintain, and report on key performance indicators for the accounting department's activity,
- Oversaw complex negotiations with suppliers/vendors for favorable contract terms that led to cost savings.
- Cultivated strong organizational culture built on integrity accountability teamwork which resulted in higher retention rates among staff.
- Manage cash and treasury at level of top Holding and real estate operating Special Purpose Vehicles
- In-charge of set-up of Holding, Financing and Property companies and in charge of tax restructuring plan execution
- Ensure compliance with local tax and accounting laws and regulations as well as compliance of Luxembourg entities with policies, procedures, and controls in line with Group's.
- Contribute to the delivery of initiatives that go beyond my Head of Accounting and local Director role by working closely with investment controlling team and cost controllers on budgets and execution for assets under development
- Participate in refinancing projects and working closely with Group CFO and Group Treasurer to ensure smooth bank due diligence to support refinancing decision
- Cultivated strong organizational culture built on integrity accountability teamwork which resulted in higher retention rates among staff
- Oversaw complex negotiations with suppliers/vendors for favorable contract terms that led to cost savings
- Fostered inclusive work environment by championing diversity initiatives and empowering employees at all levels
Business Unit Manager/ Senior Manager Accounting
Apex Corporate Services SA
07.2016 - 12.2019
- Led large IFRS and LuxGAAP accounting teams and a portfolio of 75 clients mainly real estate, distressed debt and private equity
- Led Board Meetings in the quality of Chairman and Accounting Manager of 9 entities from portfolio.
- Perform and review financial statements, group reporting packages, interim accounts under IFRS and LuxGAAP
- Review and performance of operational cash flows
- Perform and review tax returns of different structures
- Monitored performance metrics regularly to identify areas for improvement and drive continuous progress, especially work in progress and billing related tasks
- Mentored junior and senior staff members, supporting their professional growth within the organization
- Communicated regularly with executive leadership regarding progress updates, challenges, and achievement highlights within the unit
- Managed budgets and staff effectively to achieve financial metrics and maximize engagement profitability
Audit/Assurance - Experienced Supervising Senior
Ernst And Young Luxembourg
04.2014 - 06.2016
- Led successful external audits while maintaining strong relationships with clients and regulatory authorities.
- Enhanced audit efficiency by streamlining and automating audit processes.
- Developed tailored audit plans to address each client's specific needs and risks, resulting in more effective audits.
- Business development activities (pitches, proposals, budgets, worked on EY publications in media, etc.).
- Provided insightful recommendations for process improvements, resulting in increased efficiency and cost savings for clients.
- Maintained professional knowledge by attending 2 ACCA trainings on annual basis and in-house EY organized trainings on audit, assurance and due diligence
Transaction Advisory Services - Senior Consultant
Ernst And Young SA
06.2013 - 03.2014
- Worked on buy-side/sell-side financial due diligence for Private Equity clients, as well as strategic investors
- Managed over 15+ proposals out of which 2 successful.
- Responsibilities covered all areas of the financial due diligence process, including: risk management and planning activities, communication with the Client/Target, team coordination, coaching and review of the work performed by others, preparation of specific technical analysis (e.g. Quality of Earnings, Net Debt, Net Working Capital, Business plan review, Business projections, analysis of BS and P&L lines, such as revenues, costs - including payroll and all relevant costs);
- Business development activities (pitches, proposals, budgets, worked on media publications of EY).
Audit and Assurance Senior
KPMG Romania SRL
02.2010 - 05.2013
- Participated in business development initiatives to expand firm''s client base within Audit and Assurance division.
- Provided ongoing support to junior auditors, fostering professional development and knowledge growth.
- Led client audit engagements, from planning, to finalization of financial audits;
- Participated in financial statements audit engagements in Oil and Gas, Automotive, Telecom and Beverages industry (IFRS, US GAAP, Romanian Accounting Standards);Performed understanding of client’s industry and profile and identify and assess specific business and audit risks and tailor audit program in order to respond to such risks;
- Participated in non-audit projects such as assisting clients in issuing IFRS/statutory/other relevant GAAP financial statements;
- Ensured regulatory compliance by staying current on industry standards and updating policies accordingly.
- Conducted timely follow-ups on corrective actions implemented by clients as result of audit findings
- Evaluated financial statements to assess accuracy, completeness, and conformity with reporting standards
- Led teams of auditors responsible for executing complex engagements across various industries
- Provided ongoing support to junior auditors, fostering professional development and knowledge growth
Education
Diploma of Taxation in Luxembourg - Value Added Tax And International Income Tax
Chamber of Employees
Luxembourg 06.2023 - 02.2024
Chartered Accountant -
Association of Chartered Certified Accountants
London 01.2016 - 02.2022
Bachelor of Science - Finance, Insurance, Banks And Stock Exchange
Academy of Economic Studies
Bucharest 09.2007 - 06.2010
Skills
Mentoring and training
VAT and tax compliance
IFRS
Business Administration
Problem-solving abilities
Effective leader
Affiliations
ACCA
Certification
ACCA
Hobbies
Licensed basketball player in Bascol, playing for European Investment Bank team
Licensed referee in the Luxembourg National Basketball Federation
Timeline
Diploma of taxation in Luxembourg
01-2024
Diploma of Taxation in Luxembourg - Value Added Tax And International Income Tax
Chamber of Employees
06.2023 - 02.2024
ACCA
02-2022
Head of Accounting/ Managing Director
HB Reavis Holding SA
01.2020 - Current
Business Unit Manager/ Senior Manager Accounting
Apex Corporate Services SA
07.2016 - 12.2019
Chartered Accountant -
Association of Chartered Certified Accountants
01.2016 - 02.2022
Audit/Assurance - Experienced Supervising Senior
Ernst And Young Luxembourg
04.2014 - 06.2016
Transaction Advisory Services - Senior Consultant
Ernst And Young SA
06.2013 - 03.2014
Audit and Assurance Senior
KPMG Romania SRL
02.2010 - 05.2013
Bachelor of Science - Finance, Insurance, Banks And Stock Exchange
Academy of Economic Studies
09.2007 - 06.2010