Summary
Overview
Work History
Education
Skills
Affiliations
Certification
Timeline
Generic

Widjoyo Prawirohardjo, CFA

Finance And Capital Market
Jakarta Pusat

Summary

Objective finance leader with demonstrated success leading financial systems and programs. Knowledgeable about regulatory requirements and successful strategies for maintaining optimal controls. Well-organized, proactive and adaptable to changing markets.

Overview

24
24
years of professional experience
5
5
years of post-secondary education
2
2
Certifications

Work History

Chief Financial Officer and Corporate Secretary

PT Gunanusa Eramandiri Tbk
02.2024 - Current


  • Direct budget development, budgetary controls and recordkeeping to make informed financial decisions.
  • Negotiate favorable credit terms with PT Bank Central Asia Tbk and PT Bank CTBC Indonesia for increased borrowing capacity and reduced interest expenses. The credit terms with BCA have reduced by 0.5% per year and the investment credit from both banks is 1% lower than the average market credit terms.
  • Advise Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
  • Direct cost cutting initiatives to improve operating profit margin by 1%.
  • Track cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
  • Ensure accurate financial reporting, maintaining compliance with IFRS, OJK regulations, and internal policies.
  • Champion effective communication between finance personnel and other departments to facilitate cross-functional collaboration on projects and initiatives.
  • Manage complex capital projects from inception through execution, ensuring timely completion within the budget constrain to build two new factories in KITIC and Pati, Central Java.
  • Establish strong relationships with external stakeholders, including investors, analysts, and regulatory agencies to promote transparency and build trust in the organization's financial management.
  • Initiate insightful deal for mergers and acquisitions, and it is on progress of creating investment memorandum.
  • Championed the successful IPO listed in July 2024.
  • Lead the ESG committee, ISO37001 certification, and a member of ethical committee.

Independent Financial Advisor

Self-employeed
08.2021 - 02.2024
  • Provided financial advisory for debt restructuring, fund raising, audit and financial reports, and mergers and acquisitions.
  • Provided financial advisory services to a food and commodity distribution company for a Pre-IPO.
  • Provided financial advisory services to a coal and mineral trading company for fund raising.

Head of Finance

PT. Jasa Komunitas Digital
02.2019 - 07.2022
  • Led a highly skilled finance division, guaranteeing timely and precise financial reports for all stakeholders.
  • Strategically cut operating costs by 50% via the elimination of non-critical expenses, fortifying the company's financial stability.
  • Managed cash flow and liquidity pinpointed financial risks and executed robust strategies for risk management.
  • Maintained stringent compliance with regulatory agencies through timely filings.
  • Successfully procured USD250.000 pre-seed fund from angel and institutional investors.
  • Cofounded the firm, as a minority shareholder.

Head of Finance and Operation

PT. Berkah Kelola Dana
08.2017 - 04.2019
  • Analyzed Key Performance Indicator (KPI) to identify challenges, assess solutions, and facilitate decision making.
  • Successfully led the finance division, ensuring accurate and prompt financial reporting for both internal and external stakeholders.
  • Spearheaded the financial planning process encompassing budgeting, forecasting, and strategic financial modelling.
  • Secure USD300.000 in seed financing from an angel investor, boosting company's initial funding.
  • Cofounded the firm, as a minority shareholder.

Head of Corporate Strategy and Investor Relations

PT. Bakrie Sumatera Plantations, Tbk
03.2016 - 07.2016
  • Spearheaded a team in developing Key Performance Indicator (KPI) metrics, disseminating critical information to stakeholders.
  • Orchestrated operational enhancements, accruing 10% cost savings and bolstered net profit by 2%.
  • Pioneered and implemented forward-thinking strategic plans, leading to a 5% boost in productivity.

Head of Corporate Finance and Treasury

PT. Bakrie Sumatera Plantations, Tbk
02.2014 - 03.2016
  • Successfully executed FX transactions and raised funds of IDR70 billion within three weeks to counter cash flow shortage.
  • Directed corporate finance, tax and treasury departments in reviewing and developing financial models, forecasts and tax plans.
  • Managed and solved tax issues, overseeing USD600 million liabilities.
  • Detected and curtailed corruption in an operating unit through spending habit analysis, reducing costs by 300% within the unit.
  • Expertly handled USD100 million debt restructuring and divested USD42 million estates in Central Kalimantan and USD235 million in Riau.
  • Established and maintained relationships with both local and international financial institutions as well as external auditor and championed the implementation of Oracle system.

Budget Analyst and Controller

PT. Solusi Tunas Pratama, Tbk
02.2013 - 09.2013
  • Crafted budget plans and performed forecasting and variance analysis for senior corporate management.
  • Scrutinized budget expenses for potential inaccuracies and fraud indicators.
  • Conducted internal valuation for internal stakeholders.
  • Evaluated monthly operations to ensure adherence to budgets and proposed necessary future adjustments.

Head of Investment

PT. Goldmany Asset Management
08.2005 - 12.2009
  • Orchestrated investment strategies that amplified return on investment, achieving a CAGR of 15%.
  • Undertook detailed research on equities and fixed income instruments, delivering actionable recommendations based on market trends and economic forecasts.
  • Oversaw a balance IDR200 billion mutual funds, comprising an 80/20 composition of equities, fixed income instruments, and money markets.
  • Conducted meticulous reviews of monthly fund fact sheets for effective dissemination to stakeholders.
  • Ensured strict compliance with regulatory guidelines and data integrity in all transaction and reporting activities.
  • Monitored, managed and developed investment portfolios.
  • Participated actively as a member of investment committee, providing comprehensive analysis of investment performance, portfolio attributes, and benchmark composition.

Fund Manager

PT Mega Global Investama
08.2004 - 07.2005
  • Implemented tax-efficient investment strategies to maximize after-tax returns for clients.
  • Executed extensive equity research to optimize portfolio performance.
  • Led due diligence, valuation, strategic placement for a prominent public insurance firm.
  • Implemented and managed high-value fund investment policies and strategies.
  • Successfully managed an IDR 50 billion fund, showcasing exceptional financial acumen.

Corporate Finance Manager

PT Brent Securities
07.2001 - 03.2004
  • Generated significant prospectuses and information memorandums for numerous Initial Public Offerings (IPOs), rights issues, and fundraising initiatives.
  • Conducted thorough due diligence for pre-IPO companies, highlighting astute financial knowledge and attention to detail.
  • Actively participated in several high-profile projects to acquire assets from IBRA (Indonesia Bank Restructuring Agency).
  • Completed comprehensive evaluations for prominent real estate and hospitality sectors, showcasing proficiency in industry-specific financial analysis.
  • Developed a compelling pitch deck that attracted an investment of IDR200 billion, illustrating superior presentation and persuasion skills.

Education

Master of Professional Accounting - Accounting

The University of Western Australia
Perth, Australia
07.2010 - 12.2011

Master of Commerce - Finance And Investment

The University of New South Wales
Kensington, Australia
08.1998 - 12.1999

Bachelor of Science - Finance

The University of Illinois At Chicago
Chicago, Illinois, USA
08.1994 - 12.1996

Skills

    Strategic and financial planning

    Financial Modelling and Analysis

    Risk Mitigation

    Financial analysis and reporting

Affiliations

CFA Society Indonesia

Certification

Chartered Financial Analyst

Timeline

Artificial Intelligence: Business Strategies and Applications

07-2025

Chief Financial Officer and Corporate Secretary

PT Gunanusa Eramandiri Tbk
02.2024 - Current

Independent Financial Advisor

Self-employeed
08.2021 - 02.2024

Head of Finance

PT. Jasa Komunitas Digital
02.2019 - 07.2022

Head of Finance and Operation

PT. Berkah Kelola Dana
08.2017 - 04.2019

Chartered Financial Analyst

07-2017

Head of Corporate Strategy and Investor Relations

PT. Bakrie Sumatera Plantations, Tbk
03.2016 - 07.2016

Head of Corporate Finance and Treasury

PT. Bakrie Sumatera Plantations, Tbk
02.2014 - 03.2016

Budget Analyst and Controller

PT. Solusi Tunas Pratama, Tbk
02.2013 - 09.2013

Master of Professional Accounting - Accounting

The University of Western Australia
07.2010 - 12.2011

Head of Investment

PT. Goldmany Asset Management
08.2005 - 12.2009

Fund Manager

PT Mega Global Investama
08.2004 - 07.2005

Corporate Finance Manager

PT Brent Securities
07.2001 - 03.2004

Master of Commerce - Finance And Investment

The University of New South Wales
08.1998 - 12.1999

Bachelor of Science - Finance

The University of Illinois At Chicago
08.1994 - 12.1996

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Widjoyo Prawirohardjo, CFAFinance And Capital Market