Cristina Craciun
13 Banvard Pl, Chapman
Summary
Dynamic and business-minded Finance Manager with over a decade of technical expertise and leadership experience across local and international settings. Australian citizen with a proven track record in planning, budgeting, forecasting, and driving financial efficiency in both public and private sectors. Began a financial career at PricewaterhouseCoopers, leveraging skills in risk assessment and auditing financial statements. Progressed to Universal Music Group, enhancing internal processes and reports to ensure accurate financial insights, and at PTC, assessed profit margins to support global service management teams while leading a team of business analysts with a unified sense of purpose.
Further refined financial reporting and project management expertise at Windlab Ltd by overseeing renewable energy projects in various stages of completion. Currently excelling as a Finance Business Partner within CHS, delivering exceptional budgeting, forecasting, and costing services for the Division of Surgery. Additionally, acting as Senior Finance Business Partner within CHS, leading a team in delivering budgets for 2023-24 and 2024-25, driving strategic financial initiatives, and fostering high-performance teams to deliver superior financial and business support services. Recognised for stakeholder engagement, business improvement solutions, and a commitment to delivering efficiencies across teams.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Finance Business Partner
Canberra Health Services
08.2018 - Current
- Improved Surgery Division and its business units budget integrity through efficient development of over $200 million expenditure and revenue budgets and forecasts, monthly performance reporting with insightful and timely variance commentary, recommendations, and implementation of corrective action where necessary.
- Applied excellent stakeholder engagement skills to formally and informally communicate on a monthly basis with ICU, Anaesthetics, Operating Theatres clinical directors in sharing forecasts and build their financial capabilities by presenting actual to budget variances while correlating to FTE utilisation, medical and surgical supplies,pharmacy and pathology usage drawing on operational data reports from PICS, Merlin and DHR. Supported to deliver revenue budgets by strengthening business units understanding of In-Patient Fees subcategories as well as Facility Fees by clearing articulating the connection between activity and revenue.
- Established meaningful understanding how emergency and elective activity in Operating Theatres directly impacted labour costs, particularly concerning work delivered by staff specialists and visiting medical officers through careful analysis of session duration and episode numbers. Excellent improvement in variance commentary through effective redesign of divisional report structure.
- Delivered Budget realignment that dramatically improved Administration and Medical Staff operating statements structure by reallocating labour and operating expenditure budget to the medical specialties driving highest expenditure variances. Prepared costings for emergency surgery and ICU expansion business initiatives and allocated the funding across 4 years.
- Identified cost pressures related to unfunded beds, additional elective and twilight theatres that drove the overspent in division and communicated findings to Surgery Executive Director. Evaluated emerging cost pressures associated with the introduction of the new Gynaecology Oncology service in anticipation of future business case submission.
- Developed and implemented business improvement solutions that deliver enhanced output for budgeting and reporting by preparing complex costing across anaesthetic, plastic and general surgery specialties that can be easily adapted across other clinical divisions.
Acting Senior Finance Business Partner
Canberra Health Services
08.2024 - 09.2024
Acting Senior Finance Business Partner
Canberra Health Services
07.2023 - 09.2023
- Managed a team of four Finance Business Partners in delivering 2023-24 and 2024-25 budget by allocating business initiatives to divisions, reporting, budgeting, costings, systems and financial services functions by giving direction and performance support through skills and knowledge development to provide professional services to WYCH, OCEO, DCEO, CIO, Surgery and COO divisions, while retaining all the duties and responsibilities of substantive role in Surgery division.
- Actively drove meetings with Women, Youth and Children Executive Director, Clinical and Business Managers during annual Budget process to allocate effectively the reduced WYCH Expansion Budget after decanting 40% of its funding to Mental Health. Leveraged acquired clinical knowledge in Surgery to efficiently allocate 43 FTE and operating costs while delivering the required clinical output for WYCH division.
- Generated a comprehensive costing for Chief Information Officer division during its restructuring process by effectively utilising existing workforce as well as added new positions to align with post-DHR implementation requirements. Prepared a concise summary for CEO by presenting the FTE and cost changes within business units.
- Built capability within the divisions and business units to maintain budget integrity through the development of expenditure and revenue budgets and forecasts, monthly financial performance reporting with insightful and timely variance commentary, recommendations and the implementation of corrective action where necessary.
- Monitored clinical, management, human resources and financial activities and outcomes through analysis of significant variation to targets, forecasts, performance objectives, benchmarks and operational plans.
Project Accountant
Windlab Limited
02.2017 - 08.2018
- Prepared monthly management reports for Board and management of a portfolio of Windlab’s managed wind farm projects, including reconciliations, analysis, and liaison with project management team.
- Prepared P&L and Cash Flow analysis against budgets and developed Cash Flow forecast for three windfarm projects. Prepared annual financial reports for 3 windfarm projects including audit liaison.
- Assisted project managers in dealings with offtakers and other key contractual counterparties.
Senior Finance Officer
Australian National University
10.2015 - 02.2017
- Conducted individual quarterly meetings with 50 chief investigators withing John Curtin School of Medical Research to discuss grant funding allocation for the remaining duration of the project and provided insights on funding bodies rules for grant expenditure.
- Contributed to the continuous improvement of policies and processes within the College to achieve efficient, effective and professional delivery of financial services.
- Prepared budgets monitored expenditure and forecast against budget and prepared financial reports to external funding bodies in consultation with project chief investigators to ensure that all contractual requirements are met.
Senior Business Analyst
Parametric Technology Company, PTC
03.2012 - 11.2013
- Managed P&L for Europe Services Operations in multiple currencies to achieve/overachieve Margin $ and % targets set by the yearly financial budget with a focus on expense control.
- Actively led a local team of business analysts of each market to increase the P&L understanding, awareness on costs and how to minimize them in a timely manner.
- Dramatically enhanced the clarity and usability of weekly P&L forecast and offered unprecedented visibility into complex accounts and forecasting accuracy issues, addressing a worldwide leadership concern with Services' ability to accurately forecast its revenue output.
- Broadly responsible for ensuring proper operational control in the areas of delivery planning, revenue recognition and cost allocation for PTC's European services business. Reported to EU Operations Director.
- Created a complex spreadsheet for revenue recognition based on a newly signed fixed price contract with a car manufacturer driving initially $5m in 3 years. Addressed in detail the contract clauses, updated the changing forecasts provided by the project manager and presented the preliminary report to Central Finance, outlining step by step the data source, formula calculation and financial outcome on quarterly basis.
Financial Analyst
Universal Music Group
08.2009 - 03.2012
- Actively participated in the quarterly and annual budgeting process under the CFO supervision by driving communication with department heads in making accurate estimates.
- Oversaw the work of the accounting function for corporate reporting purposes (the accounting function being outsourced to third parties) in order to ensure true recording and summarizing of company's business transaction and events.
- Improved management understanding on group contracts' amendments by summarizing in a comparison report before and after results effectively.
Associate Auditor
PricewaterhouseCoopers, PWC
08.2007 - 06.2009
- Reviewed and audited clients' operating expenses, payroll, cash, accounts receivable and accounts payable, inventories, fixed assets, equity, sales and cost of sales, financial income and expenses across several industries.
- Provided recommendations for improved controls and enhanced business efficiency.
- Compiled sets of contract summaries which reflected most relevant points in easy to read mode with special emphasis on risk clauses.
Education
BBA - Business Administration
Academy of Economic Studies
Bucharest, Romania07.2006
Skills
- Results Driven Leadership
- Budget Development and Oversight
- Database and Spreadsheet Proficiency
- Financial Analysis and Problem-Solving
- Data-Driven Decision Making
- Diplomatic Communication and Representation
Certification
- CPA - Certified Public Accountant, since 2019
COMPUTER SOFTWARE
TM1, Oracle, MS Office, Oracle Hyperion Financial Management, ESP, JD Edwards Clarity, IBM Notes, Netsuite, Power BI, PTC Windchill
Languages
Romanian
Native or Bilingual
French
Limited Working
Hobbies
Attending cultural events, playing volleyball, reading and travelling
Timeline
Acting Senior Finance Business Partner
Canberra Health Services
08.2024 - 09.2024
Acting Senior Finance Business Partner
Canberra Health Services
07.2023 - 09.2023
Finance Business Partner
Canberra Health Services
08.2018 - Current
Project Accountant
Windlab Limited
02.2017 - 08.2018
Senior Finance Officer
Australian National University
10.2015 - 02.2017
Senior Business Analyst
Parametric Technology Company, PTC
03.2012 - 11.2013
Financial Analyst
Universal Music Group
08.2009 - 03.2012
Associate Auditor
PricewaterhouseCoopers, PWC
08.2007 - 06.2009
- CPA - Certified Public Accountant, since 2019
BBA - Business Administration
Academy of Economic Studies
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