Senior leader with successful track record over 16 years in regional roles in multinational businesses within business management, financial planning and control. The main focus is within finance but the roles have included Human Resources, Information Technology and Sales back office experience.
Extensive leadership experience driving and managing major change initiatives in both growing and declining business cycles with “can do attitude” and hands on approach with major system support implementation, standardisation & simplification, outsourcing and team development.
Very good understanding of multicultural teams and global group environments that includes strong strategic planning, influencing, analytical and communication skills on all levels of the business. In addition I am passionate about positively influencing the business based on the reality behind the numbers.
I have had to work with a variety of leadership skills in my different roles such as partnering and advising different business functions, coaching teams and working through highly sensitive business decisions and process requiring strict ethics and confidentiality, keeping to high level of honesty and integrity.
Manager within European Auto Sales department at Honda Motor Co. Ltd. @ From January 2015 to Present (1 year) Tokyo, JapanHead of European Financial Planning, Reporting & Tax : Group leader @ Honda Motor Europe Ltd. is a Regional Headquarter of the global Honda Motor Ltd. group located in London with a turnover of approx. €6.0b and 8.000 employees. The region is responsible for sales and manufacturing of Honda Cars, MC, Power Equipment and Spare parts in Europe & CISMEA with 5 major manufacturing subsidiaries.
* Expanded senior strategic finance role within the region leading a majority of functions within the Finance division with a team of 50+ during tough economical environment situation. Currently over 10 nationalities in the team.
* Responsibilities include Pan-European Planning & Reporting, Direct tax, Indirect tax and Shared Service Centre (SSC).
* Working successfully with the regional management and the global headquarter in Japan on major strategic decisions.
* Develop and maintain the 3 year Strategic plan and 1 year Business plans for the finance division.
* Key role in the acquisition of the Russian business from Honda Motor Ltd., Japan.
* Develop and maintain the current Human Resource plan including significant headcount reduction across the region.
* Further development of Business Partnership with Regional Sales divisions and the regional entities through the Financial controllers.
* Supervision of the SSC operations based on Continuous Improvement and Best Practice approach accelerating the monthly closing with 1 day since last year.
* Enhancing the cooperation between Direct Tax department and Financial reporting reducing cost for external consultancy.
* Centralised strategy for both Direct Tax and Indirect tax delivering headcount reduction potential on a local branch level.
* Supervising the regional conversion from US GAAP to IFRS as part of the global project rollout from Japan. From November 2013 to December 2014 (1 year 2 months) Slough, United KingdomHead of European Financial Planning and Reporting @ Honda Motor Europe Ltd. is a Regional Headquarter of the global Honda Motor Ltd. group located in London with a turnover of approx. €6.0b and 8.000 employees. The region is responsible for sales and manufacturing of Honda Cars, MC, Power Equipment and Spare parts in Europe & CISMEA with 5 major manufacturing subsidiaries.
* Senior strategic financial role leading a team of approx. 15 responsible for preparing and reporting Pan-European Actuals & Budgets to the Regional Operating Board and completing UK statutory reporting.
* Senior project leader of the regional Oracle Hyperion implementation project for financial planning and reporting aligned with the larger global roll-out of SAP BOFC. The Hyperion project objective was to get product level profitability planning and reporting.
* Developed Business Partnership in practice together with the Financial controllers with increased influence over the business strategy.
* Key role in the Cross-border merger project turning 13 European subsidiaries into regional branches.
* Supervised the UK statutory reporting under IFRS including major impairment analysis and accelerated the filing by 1 month despite increased scope and complexity (i.e. regional branch structure resulting in 2 consolidation levels).
* Major participation in management of the Group audit
* Operational experience from SOx, TQM, PDCA and Kaizen.
* Maintained and developed my leadership skills and expanded the internal network through participation in internal Honda Senior Leadership Programme for regional top performing leaders (2013)
* Maintained and developed my leadership skills and created an external business network through participation in the external Strategic Leadership programme run by Windsor Leadership Trust (2012-2013). From May 2011 to October 2013 (2 years 6 months) London, United KingdomNordic Business Administration and Car department manager @ Honda Nordic AB. is the Nordic subsidiary of the global Honda Motor Ltd. group located in Sweden with a turnover of approx. €900m and 100 employees. The company is the Nordic Headquarter responsible for sales and marketing of Honda Cars, MC, Power Equipment and Spare parts in Sweden, Denmark, Norway, Finland & Estonia.
* Successfully led Finance function in the Nordic regional operations during a major business growth phase (+250% between 2001 and 2006).
* Main focus of the role was in Finance (team grow from 3 to 8) however HR & General Affairs (team of 2) was covered after 2 years until a successor was appointed. In addition IT (team of 4) was covered during an interim period of 6 months while the company recruited for a new IT manager. During the last year of the assignment Car Sales back office department was also covered (team of 8).
* Implemented a standardised set up of SAP (FI, COPA) for 5 Nordic companies (2010).
* Successfully outsourced the Nordic SSC to an External service provider in Poland (2010).
* Played a vital part in the selling of our office and warehouse facility and moved into new customised office and training building (2009).
* Set up the Honda branch in Estonia covering the 3 Baltic countries including local business administration processes like payroll, local tax and banking (2004).
* Successfully implemented a Pan-Nordic budget and reporting system (Mercur).
* Developed finance and controlling processes and policies with success
* Established a robust finance budget process covering 5 Nordic and Baltic entities
* Improved budget process linking Business and Finance departments for the region
* Initially established and developed the Nordic internal Shared Service Centre during period of extensive growth (2001).
* Developed my leadership skills through participation in the Nordic Leadership Programme From September 2001 to May 2011 (9 years 9 months) SwedenBusiness Controller @ Philips AB, “Domestic Appliances & Personal Care” (DAP) is a division of the Swedish subsidiary of the global group Philips N.V. with a divisional turnover of approx. €100m.
* Key member of the divisional management team and managing a team of 2 accountants.
* Prepared and presented Actuals reports and added value analysis for management meetings.
* Presented finance performance results at quarterly finance review with European regional senior management.
* Preparation of budget results with key variance analysis and improvements for review within management team.
* Close cooperation with the business controllers in the other Nordic countries
* Improved the budget process with clear R&R and enhanced excel models delivering increased quality and reduced lead time.
* Improved the divisional profitability based on product mix analysis.
* Successfully implemented a new CRM system (SuperOffice) for the division.
* Actively participated in European Business Controller network meetings. From February 2000 to September 2001 (1 year 8 months) SwedenBusiness Controller @ Frigoscandia Distribution AB was a Swedish cold storage and logistics company with a turnover of approx. €50m (1999). It has later been merged into the Norwegian logistic group Bring which is part of Mail Norway (Posten Norge).
Business Controller
* Role included business analysis and monthly, quarterly and yearly reporting within the Cold store division.
* Responsible for the budget process within the Cold store division
* Successfully trained the local cold store sites management face-to-face in financial and budget processes resulting in increased quality and networking.
* Developed and simplified the monthly & yearly closing routines resulting in increased quality and reduced lead time. From February 1998 to February 2000 (2 years 1 month) SwedenIT and Finance consultant @ Box Data was a small Swedish IT consultancy firm with only 12 employees. It has been liquidated by its owners in recent years.
IT and Finance consultant
* Implementation of the ERP system Scala at smaller customer sites.
* Successfully established and developed the training platform of the company.
* Delivered software training MS Office suite, MS Outlook and CRM system SuperOffice. From November 1995 to February 1998 (2 years 4 months)
Bachelor, Business Administration @ Lund University From 1995 to 1999 High School, Electrical and Electronics Engineering @ Fyris School, Uppsala Sweden From 1985 to 1989 Magnus Östmark is skilled in: Accounting, Managerial Finance, Budgets, Strategic Financial Planning, Business Analysis, Finance, Forecasting, Business Strategy, Management, IFRS, Business Planning, Budget, SAP, US GAAP, Hyperion
Websites:
http://www.honda.se