Raz Silberman

Summary

Professional Experience Summary

AmdocsDivision CFO 2005-Present

L-3 CommunicationsTreasury & Finance Manager 2001-2005

Nessuah Zannex Ltd.CFO1998-2001

Bermad Control ValvesController 1997-1998

PriceWaterhouseSenior Auditor 1995-1997

Areas of Expertise

ØGAAP Financial Reporting

ØMultinational Corporations & International Experience

ØTreasury Operations

ØCorporate Strategy and Execution

ØDue Diligence, M&A, and PMI

ØExperience with Private Equity

ØFinancial Risk Management

ØBids & Proposals Review

Work History

Work History

CFO

Nessuah Zannex

Publicly-traded diversified financial services company and a US Bancorp Piper Jaffray affiliate.Company business lines include brokerage, portfolio management, mutual funds, investment banking (local and in the USA), venture capital fund. Reported to CEO and supervised 10 employees.

·Headed successful corporate finance projects, including group restructuring, acquisitions, joint ventures, spin-off, which resulted in major company growth.

·Restructured group of companies to improve operational efficiency and reduced tax liability by more than 50%

·Worked extensively with controlling private equity investors and board. Served on joint ventures and subsidiaries boards

·Managed risk levels for company and clients portfolios

·Implemented new risk management system based on VaR model

Division CFO

Amdocs

A public company and a world leader in software development and implementation in the areas of billing and customer care solutions for major communication providers with revenue of over $2.8B. Heading divisional finance and reporting to corporate CFO.

·Key player in leading the division to two years of revenue growth from $30M to over $200M with increased profit margins

·Structured financial arrangement that were key to winninglarge consulting and outsourcing deals of over $500M by working closely with business leaders and applying knowledge of company cost structure and accounting policies

·Implemented a set of financial management tools that allowed account executives to achieve growth andimprove profitability

·Led division finance team during high growth period. Finance team was the top performing divisional team in the company

·Worked closely with business leaders to structure large implementation and outsourcing deals that allowed high growth and increased profitability.

·In charge of divisional GAAP reporting and SOX compliance, including revenue recognition under SOP 97-2, SOP 81-1, and VSOE calculations, accounting for long-term projects, percentage of completion recognition, SOP 98-1

·Member of the Amdocs Retirement Plan investment committee

·Led development of Annual Operating Plan for all divisional units

·In charge of financial management of software development and consulting projects involving over 500 people

·Initiated and led various projects for the Corporate CFO including study on market valuation of the company and applicable measurements, development of customer financing offering, and internal cost analysis and comparison to competition

2001 - 2005

Treasury & Finance Manager

The Canadian head office of L-3 Communications Corporation, a public company and a leading US merchant supplier to aerospace, military and commercial primes with sales of US$12.0 billion and 65,000 employees. The Canadian operations included 3 divisions with overall sales over US$500M. Reporting to Vice President Corporate Development.

·Initiated a restructuring of the corporation’s treasury operations and pension plans following acquisitions that resulted in savings of more than $1M annually

·Led M&A financial due diligence; Managed Post-Merger Integration in areas of treasury, real estate, post-employment benefits, pension plans. Achieved significant synergies in those areas

·Supported corporate divestitures, capital return to shareholders, stock buy-back, and going private process

·Successfully negotiated banking arrangements that resulted in treasury cost savings and lower collateral requirements

·Managed treasury operations for all Canadian divisions including cash management, forecasting, banking relationships, insurance programs, pension fund investment management (both defined benefit and defined contribution), and hedging policy

·Performed due diligence for all major proposals and investments, assessed risk, and recommended structure changes to senior management.

·Led M&A activity and post-merger integration in areas of responsibility

·In charge of Canadian real-estate portfolio management, ethical and operational policies, and due diligence for international representatives

1997 - 1998

Controller

Bermad Control Valves

Control valves manufacturer. Reported to CEO and supervised 7 employees.

·Held overall authority over financial operations of the company and its international subsidiaries (North America, Europe, China, and South America); Participated in board meetings and provided various reports and analysis

1995 - 1997

Senior Auditor

PriceWaterhouse

·Performed and managed audit engagements for clients in the high-tech, aviation products and oil industries according to US GAAP

Education

Education
2003

CPA

AICPA
2001

MBA

University of Manchester, England (Israel branch)
1994

BA

Ruppin College