TSVETELINA ILIEVA
FINANCE PROFESSIONAL / FINANCIAL CONTROLLER
Sofia
Summary
Highly accomplished Senior Finance Professional with 20+ years of experience in financial reporting, budgeting, and controlling. Proven track record within major institutions and international structures, including direct alumni experience with Adecco. Expert in multinational reporting (IFRS/US GAAP), variance analysis, and internal controls. Strong background in ERP implementation and financial process optimization. Ready to leverage extensive expertise in a remote Financial Controller role, combining strategic remote management with readiness for cross-border collaboration.
Overview
4
4
Languages
28
28
years of professional experience
Work History
Budget and Analysis Manager
Bulgarian National Radio
11.2020 - Current
- Lead the end-to-end financial planning and budgeting processes across multiple large organizational structures.
- Prepare comprehensive monthly financial reports and detailed variance analyses (budget vs. actual).
- Deliver complex, data-driven financial insights and ad-hoc analysis to support top management in strategic decision-making.
- Coordinate closely with accounting and controlling units to guarantee financial data accuracy.
- Liaise with external auditors, the Ministry of Finance, and state regulatory bodies to ensure full fiscal compliance.
Regulatory and Management Reporting
TBI Bank
03.2019 - 10.2020
- Prepared advanced management and regulatory financial reports for the Bulgarian National Bank.
- Extracted, consolidated, and analyzed large, complex datasets from core banking systems to discover financial risks.
- Designed and improved financial models and internal reporting processes.
- Maintained strict compliance with internal corporate policies and strict banking regulatory requirements.
- Supported reporting automation and efficiency improvements
Financial Analyst
Tokuda Hospital
06.2015 - 10.2017
- Managed strict budgeting, cost control, and financial forecasting operations for multiple specialized healthcare units.
- Performed deep variance analysis and meticulous cost control metrics across distinct cost centers.
- Consolidated, validated, and packaged sensitive financial data into high-level management reports.
- Monitored internal control health and evaluated business performance against KPIs.
- Supported decision-making through detailed financial insights.
Financial Reporting and Analysis Expert
Municipal bank
01.2011 - 01.2014
- Prepared comprehensive monthly, quarterly, and annual financial statements and performance reviews.
- Monitored financial performance indicators (KPIs) and performed continuous variance analysis.
- Collaborated with regulators and auditors.
Senior Accountant
ADECCO
03.2010 - 05.2011
- Managed month-end and year-end closing processes under corporate deadlines.
- Prepared precise financial reports in strict compliance with US GAAP standards.
- Performed intercompany reconciliations and financial analysis.
- Coordinated with HQ and external auditors.
- Successfully led a major ERP system implementation and managed financial oversight for EU-funded projects.
Chief Accountant
LLP SOFIA
09.2005 - 11.2009
- Led the full accounting and finance function, managing budgeting, forecasting, and corporate cash flow.
- Prepared corporate reporting packages under IFRS and UK GAAP standards for international stakeholders.
- Managed corporate ERP implementation and process optimization projects.
Chief Accountant
Kroger Ltd, part of VM Finance Group
04.2005 - 09.2005
- Process & Workflow Optimization: Designed and implemented new financial workflows, internal processes, and accounting procedures to enhance operational efficiency and strengthen internal controls.
- Financial Planning & Treasury: Formulated detailed financial budgets, rolling forecasts, and comprehensive cash-flow and liquidity reports to optimize working capital.
- Financial Reporting & Operations: Managed end-to-end financial reporting processes and directed daily corporate financial transactions, treasury operations, and high-volume payments.
- Payroll & Workforce Administration: Oversaw the preparation of payroll sheets, social security, and health insurance compliance for the business unit.
Deputy Chief Accountant
PBCO Ltd (Manufacturing Industry)
04.2003 - 04.2005
- Cost & Production Controlling: Conducted detailed cost of production analysis, managing standard vs. actual cost variances for raw materials, work-in-progress (WIP), and finished goods.
- Profitability Reporting: Prepared comprehensive Cost of Goods Sold (COGS) reports and financial analyses to optimize manufacturing margins and control factory overheads.
- Inventory Governance: Supervised and executed regular physical and financial inventories of manufacturing assets, warehouses, and raw material liabilities.
- Trade & Tax Compliance: Managed international import/export invoice documentation, cross-border customs compliance, and prepared monthly VAT reports and VAT returns.
- Audit & Liaison: Acted as the primary point of contact for external auditors and state financial institutions, ensuring strict adherence to accounting standards.
Accountant
CEFIN IVECO
11.2000 - 03.2003
Accountant
AKWAROR
09.1998 - 11.2000
Education
MBA - Business Administration with Major in Finance
The St.Kliment Ohridski University
Sofia, Bulgaria01-1998
English Language School - undefined
Pravets
Pravets, Bulgaria01-1992
Skills
Financial Planning & Analysis (FP&A)
Variance Analysis (Budget vs Actual)
Financial & Regulatory Reporting
Internal Controls & Audit Support
Budgeting & Forecasting
Data Analysis & Financial Modelling
ERP Systems & Process Improvement
Advanced Excel
IFRS / GAAP
Reconciliations
Financial dashboards
SQL
Power BI
Budget consolidation
Variance investigation
Sensitivity analysis
Timeline
Budget and Analysis Manager
Bulgarian National Radio
11.2020 - Current
Regulatory and Management Reporting
TBI Bank
03.2019 - 10.2020
Financial Analyst
Tokuda Hospital
06.2015 - 10.2017
Financial Reporting and Analysis Expert
Municipal bank
01.2011 - 01.2014
Senior Accountant
ADECCO
03.2010 - 05.2011
Chief Accountant
LLP SOFIA
09.2005 - 11.2009
Chief Accountant
Kroger Ltd, part of VM Finance Group
04.2005 - 09.2005
Deputy Chief Accountant
PBCO Ltd (Manufacturing Industry)
04.2003 - 04.2005
Accountant
CEFIN IVECO
11.2000 - 03.2003
Accountant
AKWAROR
09.1998 - 11.2000
English Language School - undefined
Pravets
MBA - Business Administration with Major in Finance
The St.Kliment Ohridski University