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Note Globale    

Walter

60 ans

Aalst

Walter
CFO, DAF - Europe et International

Expériences professionnelles

 

Cyclife Sweden AB, Studsvik
Studsvik

Chief Financial Officer

Juil 2020 - Avr 2022

Nuclear Waste Management (part of the EDF Group)

Management and transformation assignment in the nuclear waste sector to create more financial visibility and convert the finance department into a value-adding and key management function of the business. Member of the Management Team.

Principal Contributions:

  • Finance and Accounting:
    • Aligning the accounting and finance function to the organizational structure and operating model
    • Develop and implement a new P&L structure with updated KPI driving financial accountability and transparency
    • Turning around the project management function into the key driver of the company's financial performance
    • Developing a bottoms-up budgeting approach that supports deep-dive financial analysis and reporting
    • Establishing value-added financial controlling
    • Successful integration of financial reporting with HQ requirements
    • Efficient and effective annual close in Swedish GAAP and IFRS for group consolidation
  • Insurance claim recovery 17 M €
  • Treasury: developing a new cash flow forecasting approach and ensuring sufficient company liquidity
  • Processes: revisiting and adapting time-recording, standard costing and procure-to-pay processes
  • Tendering: make the finance department a pivotal partner to ensure full cost-coverage and adequate margin generation
  • Creating a culture of accountability and responsibility across the organization

Besix Stay NV, Commercial Real Estate Development and Management
Mechelen

Chief Financial Officer

Août 2018 - Juil 2019

Member of the executive management team of a start-up implementing a new concept in the short- and mediumstay
travel market. Converted business strategy into tactical financial actions to maximize ROI and optimise cash
flow. Worked with internal and external stakeholders.


Key Contributions:

  • Drafted the first annual budget and 3-year forecast (BS, P&L, and CF) within 3 months from joining
  • Led KPI-setting and establishment of a framework for performance analysis and financial reporting
  • Closed debt funding for 1 share deal and 2 project deals for an aggregate 21 M EUR at a D/E ratio of 70/30.

Comin Asia

Chief Financial Officer

Sep 2017 - Juin 2018

MEP and Power Engineering, Contracting and Trading group

Based in Phnom Penh, Cambodia, overseeing operations in Cambodia, Laos, Myanmar, Vietnam

Responsible for strategic financial planning and daily financial management achieving increased profitability, improved working capital and greater supply chain efficiency. Supervised a team of 50 staff across finance and administration.

Key Contributions:

  • Increased debt funding by 10 M USD
  • Turned around a negative working capital situation by slashing DSO (120 to 60 days) while increasing DPO (15 to 60 days)
  • Improved project margins by 15% through early support to bid teams and financial control throughout project life cycle

CH2M (since acquired by Jacobs), Engineering Services

Regional Finance Director Africa, Caspian, Middle East, West-Asia

Juin 2008 - Juin 2016

Based in Dubai, UAE

Leading all regional financial activities of a US engineering firm. Financial business partner to the regional MD modelling strategic profitable growth and mitigating risk. Focus on meeting as-bid margin, strengthening contract management, improving liquidity ratios and successfully completing a post-acquisition integration. Led a team of 10 direct reports (70 staff in total)

Key contributions:

  • strategic team member for increasing regional revenues from 100M to 350 M USD
  • strengthened BS by executing a debt-to-equity swap
  • established and lead a dedicated committee to reduce debt of a significant client: recovered 20 M USD within a year

Besix, Civil Engineering and Construction

Finance and Administration Manager

Jan 1995 - Mai 2008

Based in Democratic Republic of Congo, Oman, Qatar, UAE

Finance and Administration Manager of subsidiaries or joint ventures.

Key achievements and successes:

  • Debt recovery
  • Export credit insurance
  • Financial project management of Joint Ventures (contract values up to 300 M USD)
  • Financial closure on a USD 200 M facility line with a consortium of 3 banks
  • Turned around operational management of a business protecting EUR 100 M of annual revenue through new procedures, financial training of project managers, bank funding
  • Start-up of a construction management company

Socfinco, Agro-Industrial

Financial Controller

Mars 1993 - Déc 1994

Based in Yenagoa, Nigeria

EU-funded socio-economical development program in the palm oil sector: developing smallholder plantation units and building a processing facility

Developped and implemented a financial reporting system that became a bechmark for EU


Rodier, Fashion Retail
Brussels

Interim Finance Manager

Avr 1992 - Juil 1992

Successfully defended a Belgian GAAP tax verification


Chamebel, Metal Fabrication
Machelen

Interim Finance Manager

Jan 1992 - Mars 1992

Supporting Finance Director and legal team in bankruptcy filing


S'Intexkin, Textile Manufacturing

Finance Manager

Juil 1991 - Oct 1991

Based in Lubumbashi, Democratic Republic of Congo

Production cost calculation


Groupe Orgaman, Trading / Supply Chain / FMCG

Financial Controller

Juil 1989 - Juin 1991

Based in Kinshasa, Democratic Republic of Congo

Specific achievements and successes:

  • Forensic accounting
  • Innovative funding approach during cash-strapped financial markets and high levels of inflation

Besix, Civil Engineering and Construction

Senior Accountant

Oct 1986 - Juin 1989

Based in Kinshasa, Democratic Republic of Congo

First experience in accounting, financial reporting and teamleading


Formation

 

     Vlaamse Economische Hogeschool, Brussels, Belgium - Master of Business Economics

Langues

 

Allemand : Connaissances de base

Néerlandais : Bilingue ou langue maternelle

Français : Courant

Anglais : Courant

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