Director of External Reporting, Consolidation & Corporate Accounting (ERCA)

The Company

VEON is a Nasdaq-listed global digital operator that serves nearly 160m customers with connectivity a total base of 110 million monthly active users with digital services in some of the world’s most exciting frontier markets. Operating across six countries that are home to nearly 520 million people, in other words more than 7% of the world’s population, VEON transforms lives through technology-driven services that empower individuals and drive economic growth. With VEON’s Digital Operator 1440 vision and strategy, VEON Group companies redefine the engagement that telecom operators have with their customers, providing the best digital experience to customers up to 1440 minutes in a day. We transform not only the daily experience of the final users, but also support the growth of enterprises and industries as a whole by using cutting-edge technologies in AI, big-data and cloud services to serve our business customers . This is all underpinned by a commitment to sustainability, ensuring VEON’s operations are run safely and ethically while fostering digital entrepreneurship and greater digital skills and literacy in the communities in which VEON operates. VEON’s values-based approach works to strengthen trust by building a responsible and sustainable business that benefits customers, employees, communities, and shareholders. VEON’s international leadership team is drawn from experienced executives from around the world and has been led by CEO Kaan Terzioğlu since July 2021.

Position Summary

• The Director of ERCA is is responsible for consolidating all the financial data from BUs into Group reports. To manage external audits and the process for preparation and publication of all external reports, disclosures, press releases and other supporting materials for external reporting, both for the Group in order to provide reports and recommendations on VEON’s financial performance, ensuring VEON external reporting is compliance and correct and to give recommendations to the GEC, Audit Committee allowing them to make informed decisions.

Key Responsibilities

• The Director ERCA leads the External Reporting, Consolidation and Corporate Accounting teams to manage the last mile of finance and ensure compliance with US reporting requirements. The Director effectively leads a team of 11 finance professionals, including 8 team members in the Shared Service
• He/she will develop a strong relationship with the company Senior Management, external providers and company auditor to drive VEON Group Reporting and Accounting matters
• In addition, he/she will provide functional leadership to the Accounting and reporting managers and team in the ERCA function, head office, and Head of accounting at he operating units worldwide to realize a clear and well communicated Accounting and reporting strategy throughout the world supported by up to date policies and procedures.
• External reporting in the US (SEC), including management of inputs from other functions (Treasury, Tax, Legal) and stakeholder management (Group CFO, Board Audit Committee)
• Review and approval of a number of key external and internal reports, ensuring they provide a fair representation of the financial situation
• Provide direction to the team to continue innovating the existing processes and tools, ensuring alignment with future planning and timely recognizing the required changes.

• The Director of ERCA promotes and facilitates a culture of transparency and risk awareness and financial reporting controls

• External Reporting

• Prepare financial statements, Group reporting pack and other external communication for bond offerings

• Manage the timely and accurate preparation of financial documentation for external reporting purposes at the Group and BU level including the preparation of quarterly press releases (in alignment with investor relations function)

• Interpret the monthly, quarterly and annual reports on financial performance, to provide insights on VEON’s performance

• Identify critical issues at the Group and BU level and escalate to enable report submission

• Valuations, inc. financial modeling (e.g. for impairments, PPAs etc. reviewing business plans and adjacent value drivers)

• Support with capital market transactions (e.g. IPOs and debt issuances), M&A transactions (inc. group restructuring, acquisitions and disposals) and Corporate Finance, Investor Relations and other teams

• Statutory reporting for HQ entities

• Managing international teams (25-30 people)

• Group consolidation

• Managing the accurate technical consolidations of financial BU figures in preparation of external and internal reporting

• IFRS and Accounting Manual, Policies and Procedures

• IFRS methodology and compliance across the VEON group including the VEON Accounting Manual

• Training preparation in alignment with the quarterly accounting forum

• External Audits:

• Main contact for external auditors

• Ensure an effective management of the auditing process performed by external auditors

• Ensure Sarbanes-Oxley controls are effective/maintained in the consolidation and reporting process

• Escalate and ensure solutions to all technical accounting and audit-related matters

• Responsible for all critical accounting position papers

• Special Projects:

• Lead and participate in any special projects as requested by the Group Director Financial Control

• Act as a finance business partner and perform financial impact assessment for strategic initiatives and projects within the Group

• Tooling :

• Custodian of the ERCA tools utilized globally (Innosys) and at HQ (Workiva) managing relationship with the vendors, contract and maintenance of the tools.

Critical Skills & Experience

• ACCA, CPA and Master/University degree in Finance
• At least 12 to 15 years of demonstrated, progressive experience in accounting and reporting in a complex corporate environment;
• Strong leader with cultural awareness able to work in a fast pace and changing environment, self-motivating able to cope with ambiguity .
• Ability to work with all levels of management and staff, maintain the highest degree of confidentiality, and meet tight deadlines.
• Strong quantitative and financial analysis skills;
• High level of intellectual curiosity, self-motivated to solve difficult issues, continually seeking ways to improve.
• Management experience. Ability to direct staff and peers to accomplish business goals and develop toward professional goals.
• Excellent communication (written and verbal) and relationship management skills; strong presentation skills with ability to articulate complex concepts and influence decision-making.
• Dedicated, proactive and self-motivated with ability and affinity to collaborate with peers and multiple levels and across the organization.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
• Working experience at big 4 as external auditor, managing a team is a competitive advantage

VEON Values

Customer obsessed:- We have a passion for our customers – they are at the heart of everything we do.

• We are able to make difficult decisions when we know it’s in our customers’ best interests.
• We keep an eye on our competitors but it’s our customers who are always front of mind.
• We are driven by our customer insight – all our digital innovations are borne out of customer need.

Entrepreneurial:- We have an ownership mentality, demonstrating passion and taking responsibility of the business as if it were our own.

• We’re agile and dynamic. We like to push boundaries and explore what’s possible – we are not held back by a fear of failure.
• We take smart risks, but only when it’s in our customers’ best interests.
• We lead by example – we do what we say we’re going to do.

Innovative:- We never stop. We’re always moving, looking for the next disruptive digital ideas. We’re adventurous and excited about trying something new.

• We’re quick to bring new digital products and services to market, always driven by a clear customer need.
• We don’t follow the status quo, we are passionate about creating our own path.

Collaborative:- We bring people together, united by our passion for our customers.

• We work with – not against – each other and we cherish the time of others.
• We don’t look to blame, we look for solutions to problems.
• We partner with others – both internally and externally - in order to achieve more. Truthful:- We are open, honest and demonstrate integrity in all our dealings – both internally and externally.
• We’re trustworthy, keeping our promises, admitting our mistakes – whether it’s to customers, peers, leadership or shareholders.
• We are focused on upholding the highest level of ethics at all times. We set clear expectations and clearly communicate feedback.