Rost

ROSTYSLAV DEMKIV

C FO, IN SU R AN CE

P RO FI LE

Specialist in organization and reorganization of financial functions of the company. Creating
value for the shareholders.
Total experience of more than 26 years and hands-on experience in insurance for 11 years.

Looking for CFO, Internal Audit position in insurance or in related areas.

EX P ER IE NCE

D EP U TY CH IEF FI N AN CIAL O FF IC ER OF AN AGR I C U LTUR AL SE C TOR
C OMP AN Y B AR CE LO N A M AY 202 2
The finance function of the company. Management of accounting, operational function of the
company. Responsible for the financial results to shareholders of the company, operation`s
business processes of the company, finance reporting.

I N TER N AL AU D I T O KK O GR O UP CO MP AN Y
LV IV J UN E 2021 – AP RI L 2022

Execution of the classic function of the company 's internal audit, audit of the company's business
processes, audit of the company's finance reporting.

H E AD OF I N TE R N AL AUD I T U N IV ERS AL I NS UR AN C E C OMP ANY
K Y IV J AN U AR Y 2020 - MAY 2021

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Introduction of the classic function of the company 's internal audit, audit of the company' s
business processes, formation of an annual and three - year plan of the company 's internal audit.

C H IEF FI N AN CI AL OFF IC ER , I NS UR AN C E C OMPAN Y U NIV E RS ALN A
K Y IV — J U N 2009 - DE C 2019

Deputy Chairman of the Management Board, Member of the Management Board.
The function of CFO of the company: Management of accounting, treasury and operational
function of the company.
Responsible for the financial results to shareholders of the company, reporting to the shareholders,
to the regulator.

D U TI ES AN D RESP O NS IB I LI TIES

Responsible for conducting the Company's international audit, Big 4 auditors (Deloitte until 2009,
E&Y until 2018, PwC from 2019)
- The capital of the company was negative in 2009, now in 2019 the company's capital is positive
and reaches up to 300 millions UAH.
- The combined ration in 2009 was 119.8%, the combined ration in 2019 is 98.3%.
- Company has been profitable since 2010.
- Negative paper loss in 2013, due to tax changes.
- Also company had slight loss in 2014, due to situation in the country.
2019
– Attracting of the profile Fairfax Financial Holdings shareholders.
(Canada, Toronto https://www.fairfax.ca/)
– Retention by the shareholder European Bank for Reconstruction and Development.
(EBRD, the UK, London https://www.ebrd.com/ )
2018
— The transition of sales units into a new model of motivation.
2017
— Formation of the Solvency model and establishment of quarterly stress testing.
2015
— I led the company in transmission to current (quarterly) budgeting for 4 quarters forward.
— Successful sale of non-profile assets, repayment of foreign currency loans of the company.
— Changing company strategy:
1. Gross insurance premiums, at the market level or higher.
2. The combined figure is less than 100%.
3. Net profit.
2013
— Company successfully passed the Due Diligence procedure and received buying offers from
the VIG group. (Austria, Wien).

2 012
— Company developed successful project with E&Y and made full transition to IFRS.

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— Successful sale of subsidiary life insurance company “Universalna”.
2011
– Company attracted European Bank for Reconstruction and Development (EBRD, the UK,
London https://www.ebrd.com/ ) as a shareholder of the company.

2010
— Successful implementation of KPI management.
— Successful implementation of Cognos budgeting, implementation of budgetary control.
2009
— Centralization of the accounting function in the company, reorganization of financial function.
— Liquidation of 27 accounting and branch offices.
— Successful repayment of the company bonds.

CHIEF FINANCI AL OFFI CER, UNIVERSAL INVESTMENT GROUP;
LV IV - J AN 2003 - JU N 2009

Chief Financial Officer, Head of Strategy Department in Universal investment Group ( Concern
Galnaftogaz).

D U TI ES AN D RESP O NS IB I LI TIES

— Development of company strategy, attracting of portfolio investors.
— I was involved in selling of the Universal Bank
— Attracting portfolio investors into Insurance Company Universalna.
— Attracting of investments from IFC, EDRD.

EDUCAT ION

I VAN FRANKO NAT IONAL UNIVERSITY OF LVIV
— M AS TER, 1993

Faculty of Economy, Department of Economic Cybernetics.
Honors degree.

SK ILLS

Corporative Finance Start-ups Due Diligence
Financial Analysis Investments Financial Reporting
Managerial Finance Investment Banking Business Planning
Risk Management Financial Modeling IFRS
Valuation Restructuring Accounting Entrepreneurship
Strategic Financial Planning Private Equity

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Budgeting
Costs reduction

— Effective communication, presentation and
negotiation skills. — Always on the highest levels of
professional and personal excellence.
— Strong financial diagnostic skills and
ability to apply logical and analytical
approach to problem solving.
P RO G RA MS
SIRAEL 1C
PROFITSOFT MS OFFICE
COGNOS

LA NG UA G E KN OWL E D G E
Ukrainian Polish

Russian English

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