Michal Silhak

Current

• CFO at Karlin Musical Theatre
• Freelance Senior Financial Consultant at Aterra Consulting

Past

• Financial Controller at Mobile Entertainment Company
• Senior Accounts and Controls at Carrier Refrigeration Operation Czech Republic
• Audit Senior at KPMG

• Facilities Manager at Sky Blue Farm

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Education

• ACCA
• Slezská univerzita v Opave

Connections

53 connections

Industry

Financial Services

Michal Silhak’s Summary

- Monthly reporting (Czech, Slovak and Polish branch)
- Actual versus plan analyses and comments
- Supervision of statutory accounting and communication with external accounting companies and tax advisors
- Weekly, monthly and quarterly cash flow preparation
- Consolidated financial statements preparation
- Setting up controlling activities and processes
- Intercompany relations monthly reconciliation
- Treasury operations
- Ensuring compliance with local regulations
- Audit of financial statements and notes to financial statements according to IFRS, US-GAAP and Czech GAAP
- Statutory Audit, Audit & Review Engagements of Reporting Packages
- Managing team of up to 3 assistants
- Processing of reporting adjustments
- SOX Engagements
- Process audits
- Due Diligence
- analysis of P&L and BS accounts
- tests of internal controls



- Lines of Business: Property Investment, Trade, Automotive, Manufacturing, Power solutions, Real estate companies.

Michal Silhak’s Experience

• CFO

  Karlin Musical Theatre

  (Fine Art industry)

  June 2009 — Present (7 months)

  - Monthly and quarterly reporting,
  - Budget preparation,
  - Cash Flow,
  - Supervision over Financial Dept.,
  - Ad Hoc projects,
  - Actual versus plan analyses and comments
  - Supervision of statutory accounting and communication with external tax advisors
  - Setting up controlling activities and processes
  - Ensuring compliance with local regulations

• Freelance Senior Financial Consultant

  Aterra Consulting

  (Financial Services industry)

  May 2009 — Present (8 months)

  - Financial services outsourcing
  - Setting up of internal controls system and controlling activities,
  - Setting up of reporting system,
  - Financial Advisory services,
  - Internal and financial audit,
  - Financial Consultancy,
  - Management,
  - Financial staff training,
  - Business Development.

• Financial Controller

  Mobile Entertainment Company

  (Telecommunications industry)

  September 2008 — June 2009 (10 months)

  - Monthly reporting (Czech, Slovak and Polish branch)
  - Actual versus plan analyses and comments
  - Supervision of statutory accounting and communication with external accounting companies, tax advisors and auditors
  - Weekly, monthly and quarterly cash flow preparation
  - Consolidated financial statements preparation
  - Setting up controlling activities and processes
  - Intercompany relations monthly reconciliation
  - Treasury operations
  - Ensuring compliance with local regulations

• Senior Accounts and Controls

  Carrier Refrigeration Operation Czech Republic

  (Machinery industry)

  July 2008 — August 2008 (2 months)

  - Monthly reporting according to US GAAP, monthly factory reporting
  - Transformation of Czech Accounts to US GAAP through adjustments
  - SOX testing and reporting, internal controls design
  - Treasury operations (hedging, intercompany loans and deposits, cash flow)
  - Intercompany operations and relations,
  - Supervision of Accounting Dept.
  - Participation on various projects (e.g. electronic invoicing implementation, Functional currency general ledger set up parallel to statutory currency general ledger)
  - Supervision of ACE (Achieving Competitive Excellence) implementation

• Audit Senior

  KPMG

  (Partnership; 10,001 or more employees; KPMG; Accounting industry)

  August 2005 — June 2008 (2 years 11 months)

  Performing various tests and analysis relating to financial audit, Statutory final accounts preparation according to CAS US GAAP and IFRS, system and process audits, description of deficiencies and testing of controls effectiveness in accordance with SOX, Due dilligence, review and preparation of reporting in compliance with US GAAP and IFRS, audit team and engagements managing.

• Facilities Manager

  Sky Blue Farm

  (Privately Held; 11-50 employees; Leisure, Travel & Tourism industry)

  May 2004 — January 2005 (9 months)

Michal Silhak’s Education

• ACCA

  Accountancy, Finance, Management 2006 — 2010 (expected)

• Slezská univerzita v Opave

  Master , Marketing and Management, Economics , 1996 — 2002

Additional Information

Michal Silhak’s Groups:

•    Finance & Accounting Professionals
•    The Executive Search Group
•    Finance Club

Michal Silhak’s Contact Settings

Interested In:

• career opportunities
• consulting offers
• new ventures
• job inquiries
• expertise requests
• business deals
• reference requests