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Verena MonichiVM

Verena Monichi

Fractional CFO

$1,000/day
Dubai City, AE
15+ years

Average response time: 1 hour

About Verena

I provide tailored, hands-on support to help businesses and individuals gain clarity on their finances, setting a solid foundation for optimizing profitability, navigating change and achieving their goals.

With senior- level expertise in accounting, treasury, budgeting, financial reporting, and analysis I collaborate closely with decision-makers to identify best practices, uncover opportunities and assess risks. My approach translates financial insights into actionable metrics and strategies.

Committed to deliver practical advice and feedback that leads to tangible results.
  • Italian

    Native or bilingual

  • Spanish

    Basic

  • English

    Fluent

  • German

    Native or bilingual

Remote only
Primarily works remotely

Experience

  • FinanceFit4You
    Founder
    October 2024 - Today (1 year and 8 months)
    Dubai - United Arab Emirates
    Fractional CFO Services Strategic and Operational Consultancies Financial wellness coach for individuals and corporates.
  • Technogym Emirates
    Head of Finance
    August 2016 - September 2024 (8 years and 1 month)
    Dubai - United Arab Emirates
    (Leading global manufacturer of consumer & commercial fitness & gym equipment and digital formats)

    Head of Finance in an entity of 70 employees and the objective to be a reliable business partner for the company in all its accounting, controlling, treasury, administrative and legal needs to guarantee sustainability, profitability, and efficiency in the short and medium term.
    Managing 6 resources, and coordinating accountants / financial controllers in KSA, SA and Germany.
    • Responsible for FP&A: 3 years business plan, budget and forecast coordinating with HQ and local management providing variance analysis.
    • Manage the accounting function and responsible for the monthly, quarterly and yearly book closing and reporting according to IFRS, local statutory requirements and internal control.
    • Manage internal and external audit process and responsible for compliance.
    • Manage the treasury function, cash flow projections and relation with bank and financial institutions.
    • Support to local BTB and BTC commercial management to ensure marginality, profitability and cash flow objectives.
    • Support to the Managing Director and the local commercial team to guarantee compliance with procedures, business strategies, local laws and statutory requirement and in line with the shareholder / board directives.
    • Coordinate and support the sales teams in the individual sales account manager target definition in terms of sales and sales related KPI to ensure the turnover achievement including mix and discount.
    • Responsibility for the VAT implementation 2018 and the regular tax filing and regulatory compliance in the UAE.
    • Responsibility for the Corporate Tax implementation.
    • Built and Managed the HR department till handing over to a dedicated HR Manager beginning of 2023.

    Special Projects for the Group:

    Establishing and Supporting New Subsidiary After Sales Operations (KSA and SA)
    Integrating a Newly Acquired Subsidiary into Group Compliance (Germany)

  • Richemont
    Business Controller
    September 2012 - July 2016 (3 years and 10 months)
    Dubai - United Arab Emirates
    (Luxury retail and wholesale in the Middle East and India – watches, jewelry and writing instruments)

    This position involved the financial management for business units, responsible for the financial planning, the budget reliability and its variance analysis, accurate and timely management reporting, in general representing the business in financial figures to support operations:
    • Lead the annual budget preparation and forecasting process, develop, implement and maintain an effective planning, reporting package and analysis process, reviews, distribution and presentations.
    • Budget variances analytics for sales, discounts, expenses and capital expenditure.
    • Feasibility studies including cash flow for new business developments, data mining and ad hoc reports and financial analysis to support operations.
    • Monthly, Quarterly and Yearly financial reporting and regular communication of business units' financial results and operational performance trends (historical and forecasts) to allow Management to measure business performance and suggest key actions.
    • Work closely with business unit's management on profitability, cost analysis, overheads and customer service allocation in order to achieve targets/KPIs.
    • Being a reliable and pro-active business partner and point of contact supporting the business in all financial aspects.
    • Work in partnership and liaise with headquarters to ensure compliance with group policies and procedures.

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Education

  • Università degli Studi di Bologna (University of Bologna
  • University of Westminster

Skill set

Categories