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Bal Oleksandr

Finance Manager | Financial Planning & Analysis
Investment Analysis | Treasury

Date of birth: Sep 13, 1994
Residence: Poltava (Ukraine)
Phone: [open contact info](look above in the "contact info" section)
E-mail: [open contact info](look above in the "contact info" section)

Summary:
Finance Manager with 10 years of experience in the energy and oil & gas sectors. Experienced in financial planning
and analysis, budgeting, financial modeling, investment appraisal, treasury operations and liquidity management.
Strong background in banking relations, financing activities, cash flow management and decision-support analysis.
Combines solid financial expertise with a practical understanding of operational and production business processes.

Core competencies:
• Management reporting (Financial planning & Analysis, Budgeting and Forecasting, Financial modeling and
Performance analysis)
• Investment Appraisal (NPV, IRR, DCF)
• Treasury (Cash Flow & Liquidity management, Banking relations and Financing, Treasury operations)

Professional experience:
1) “Gas and Gas Condensate Processing Division” of the JSC “Ukrgasvydobuvannya”
Head of Financial Planning and Investment Department (November 2021 – till now)
Key Responsibilities:
▪ Financial planning and budgeting for a business unit with an annual budget exceeding UAH 5 billion.
▪ Evaluation of investment projects with investment volumes of up to UAH 1 billion.
▪ Preparation of management reporting, financial analysis and decision-support materials.
▪ Market analysis and sales of oil, gas condensate, LPG and petroleum products.
Main achievements:
▪ Optimized a business unit financial model (based on the P&L report);
▪ Developed and evaluated modernization and capital investment initiatives to support operational efficiency and
business growth;
▪ Designed and implemented a decision-making framework for product sales in a highly volatile pricing
environment.

2) Head of Energy Trading Operations group “Poltavateploenergo” (October 2020 – November 2021)
Main duties: Organized and managed the procurement of electricity in the competitive energy market.
Main achievements:
▪ Successfully obtained an electricity trading license, enabling the company to enter the electricity market;
▪ Initiated the company’s investment activities in Ukrainian government bonds (OVDP).

3) Transformation Manager “Poltavagasvydobuvannya” (March 2020 – October 2020)
Main duties: developed and improved management reporting tools and processes, analyzed operational
performance and identified opportunities to improve business efficiency, prepared analytical materials to support
management decision-making.
Main achievements: optimized management reporting related to company’s licensing portfolio, consolidated and
structured vehicle fleet information improving reporting efficiency and data availability for management.

4) Treasurer (May 2019 – January 2020), Treasury economist (November 2017 – April 2019)
JV “Poltava Petroleum Company”
Main duties:
▪ Forecasted and managed the company’s cash flows.
▪ Ensured liquidity and financial stability of business operations.
▪ Participated in operational and capital budgeting processes.
▪ Maintained relationships with banking institutions regarding cash management, financing and foreign exchange
operations.
▪ Supported financing activities and cash placement decisions.
Main achievements:
▪ Optimized the company’s financial model through enhanced cash flow analysis;
▪ Improved returns on excess cash through deposits and government bond investments (OVDP);
▪ Implemented foreign exchange risk hedging practices;
▪ Developed and introduced payment operations procedures and controls.

5) Retail Sales Accountant, (March 2016 – November 2017)
LLC "Nova Poshta"
Main duties: control of the cash discipline according to the Ukrainian law and training of new company employees.
Main achievements: ensured successful completion of external audits with no critical findings across assigned
branches.

Education:
▪ “Poltava University of economics and trade”, Master of accounting and auditing (2013 – 2017), diploma with
honors
▪ “Poltava cooperative college”, accounting specialist (2010 – 2013), diploma with honors

Additional education:
▪ Course of "ACCA DipIFR (rus). IFRS", LLC "Business Education Solutions" (2024);
▪ Python for Data Science, educational platform “Study Space” (2023)
▪ IT English (Upper-Intermediate B2), educational platform “Study Space” (2023)
▪ The Complete Finance Manager Course, educational platform “udemy.com” (2021)
▪ Discipline "Advanced Excel ", educational platform “Laba” (2019)
▪ Discipline "Financial Director", educational platform “Laba” (2019)
▪ Discipline "Financial Management", educational platform “prometheus.org.ua” (2017)