Head Of Accounting
Elseco Limited
Total years of experience :19 years, 8 Months
I effectively operate and lead a multi-cultural finance department for a global market leader in insurance underwriting for the space, aviation and energy sectors world wide.
Produce full financial and management accounts in line with US GAPP and DSFA standards and regulations.
Forex currency forecasting and necessary action to ensure Elseco minimises its risk to currency fluctuations with its numerous multi-currency banks.
Detailed reporting for operations in London, Paris and Dubai.
Project manger and successful completion of stand alone insurance policy databases to be implemented into current accounting and ERP software for the whole business.
Monthly financial and management reporting directly to the CEO.
Liaise with global members on a daily basis.
Thermacore Europe is a unique, bespoke global leader for producing custom, high performance thermal management solutions. In a range of highly specialist markets such as; Military, Aerospace, Telecoms, Medical, Transportation and Energy Conversation.
I effectively manage and run the Finance Department for a world-wide multi-million pound turnover organisation. I report directly to the UK Managing Director and Chief Financial Officer of our parent company in the USA, duties include:
• Production of full Management and Financial Accounts with commentary for Thermacore Europe for reporting to parent company in the US, in both GBP and USD currencies.
• Annual and monthly forecasting and budget setting including the overall master budget for all cost centers and divisions, with full variance analysis.
• In-depth revenue/cost project and staff utilisation analysis, to ensure individual projects are kept within budget and on correct time frame.
• Full variance analysis on all manufacturing activities.
• Detailed weekly and monthly KPI and management reports for sales department and Managing Director.
• Look after all the inter-company accounts between UK and the US.
• Responsible for checking and authorising, monthly payroll for all employees, and all creditor payments in a variety of different currencies.
• Monthly preparation and submission of VAT return to HMRC and Corporation Tax.
• Take a lead role in developing and streamlining communication and operating processes between manufacturing and office based workers.
• Attend and present at monthly Senior Management Meetings and also quarterly communication meetings for the whole company.
• Able to collate, produce and report financial information in a form that is understood by non-financial senor mangers, to understand how the business is performing.
• Main point of contact for Auditors
• Extensive experience in reporting with International Accounting Standards and US GAAP.
• Daily contact with countries such as China, USA, Russia and all main land European countries.
• Have a lead role in setting up and implementing a trading company for Thermacore in China.
• Consistent track record of implementing and monitoring new procedures (including ‘’5-S’’), internal controls and operations in a range of countries, resulting in significant value added to the business.
Worked in a fast growing and challenging finance department, with a team of eight people. Main job role and responsibility consist of:
• In charge of producing and submitting month-end accounts to Head Office Group (Dennmark)
• Balance sheet, trail balance and Profit/Loss reconciliations and variance analysis for both separate projects and core business activities.
• Monthly Management and Financial Account preparation and submission for whole of Pandora UK.
• Produce detailed budget preparation, implementation and cash flow forecasts, with full review and variance analysis (Actual v Budget) for separate projects and core business activities.
• Detailed weekly and monthly cost and revaluation analysis of core stock and Point Of Sale Items in excess of £50m.
• Detailed weekly and monthly KPI and management reports for sales department and Senior Executives.
• Produce and submit the monthly and annual VAT return for Pandora UK, in excess of £35m a year.
• Produce and submit the Intrastat and EC Sales for HMRC reporting, in excess of £150m a year.
• In charge of full financial and operational reporting for two new projects: ‘Own Stores’ and ‘Gift Cards’.
• In charge of and maintain the asset register and monthly capitalisation/depreciations of all Pandora UK assets.
• NPV forecasting for projects and continual variance and budget analysis for on-going projects.
• Look after all the inter-company accounts between Denmark, Germany, UK, France and Australia.
• Produce and look after all Accruals and Pre-Payments.
• Bank reconciliations for all accounts both UK and International
• Currency analysis, projections and recommendations
• Make all creditor and inter-company loan payments
• In depth working knowledge of software package AX.
• Superior use of Microsoft packages such as Excel.
• Regular contact with international countries such as Denmark, France, Germany, Thailand, Australia and America.
Pandora was a rapidly growing company and the department expanded from three to eight people within twelve months with me heading up the department. This allowed me to grow and develop within the business as well as add significant value to all the other departments, through my knowledge, skill set and implementation of procedures to ensure the department efficiently functioned and was dynamic enough to meet a variety of requests and changeable deadlines from HQ.
Key achievement was running the financial and operational reporting of a new project ‘own and operated stores’. This gave me a blank canvas to work with and I was able to put all my skill-set into practice to ensure that on a daily, weekly and monthly basis all stores were operating efficiently and that all management and financial information was available on request for both financial and non-financial minds. This was met with significant praise from the Chief Financial Officer and Chief Executive.
At the start of this year I was head hunted to join a market leader and well respected hire construction organisation based in the North East but with a national turnover to spearhead completion of a 5-6 month project on the financial and operations division of the business, by implementing my skills, knowledge and strategies. This resulted in successful implementation and significant profitable results.
Currently working alongside the Management Accountant and reporting to the Financial Director.
In charge of the credit control department (which consists of two credit controllers).
In charge of looking after the cash, debtors and aged analysis side of the business. Reduced aged debtors to 50 days from 120 days, this brought £165, 000 into the business.
Cash flow preparation and forecasting, turnover analysis for the company as a whole and individual customer accounts in excess of £15 million.
In-depth work on all hire-Purchase equipment and agreements (in excess of 15, 000 items) including deprecation analysis and reporting for management accounts.
Weekly reconciliation of debtor and customer accounts.
Looking after the fixed asset register and the reporting for management accounts (NBV, residual value and deprecation)
Month-End journal, accrual and prepayments preparation and posting.
Financial reporting and KPIs analysis for the Financial Director.
Superior daily use of excel (look-up tables, advanced functions) and other usual monthly Ad-hoc accounts duties.
Currently using tailor-made software including accounting system package MCS.
In this role I worked alongside the Financial Director and report directly to the Chief Executive on a daily basis.
Main Duties Included:
Daily communication and dealings with players’ agents, Rugby Football Union, large professional organisations and legal bodies resulting in me being confident in my work decisions directly affecting the operations of the club.
Calculating, processing and paying the monthly payroll for the whole company including all Limited companies owed by Newcastle Rugby Limited; in excess of £250, 000 a calendar month.
Tax/PAYE/NIC analysis, payments, returns and dealings, including tax year-end shut down and returns.
Reconciling The Rugby Football Union monthly distribution budget of over £1 million.
Managing the inter company loan accounts and reconciliations
Nominal and variance analysis for all income streams for reporting in management accounts.
KPI and Budget preparation, setting and reporting: Budget v Actual.
Cash flow forecasting, setting and reporting.
Trail Balance and Balance Sheet analysis, including reconciliations.
Prepare and produce accruals, prepayments and journal entries for use in management accounts.
Month end bank and cashbook reconciliations across all accounts (offshore and onshore) - including all match day sector revenue (£80, 000 upwards per game)
Paying all types of creditors, player contract and image rights payments through BAC’s, CHAPs, Cheque and International methods.
In-Depth knowledge of onshore/offshore accounts and payments as well as international payments and currencies.
Extensive knowledge of Pegasus (Opera II) accounting package.
In charge of managing both the sales and purchase ledgers: debtors and creditors aged analysis.
Overseeing and dealing with the financial and utilities arrangements of new players and coaching staff moving to the club.
Liaison with all other departments within the company.
This has given me an in-depth and invaluable experience and knowledge which cannot be applied just to a sporting organisation but any business sector.
In this role I worked alongside the financial accountant on a daily basis and reported directly to the Group Accountant and the Finance Director of Mills Group Limited.
I was in charge of producing the monthly set of accounts for one of our companies called LineBush IV. Alongside this I constructed and produced divisional budgets as well as the master budget of in excess £75 million for the Mills Group including analysis and reporting. I produced monthly cash books and cash flows for all individual companies (seven in total), and posted to Sage the individual company cash books. As a result I obtained a good working knowledge of Sage and Line 100.
I was also in charge of completing the weekly accounts for Trout Hotels, which form part of Mills Group, located in the Lake District, Cumbria.
Other duties included producing month-end bank reconciliations, giro bank reconciliations and stock accruals for all company branches (75 in total). I also acted as a trouble-shooter for any area/store manager queries, regarding daily financial banking.
As an accounts clerk I am in charge of looking after the sales/stock accounts of eleven individual store branches (known as LineBush) on a weekly basis owned by Mills Group. As a result of liaising with store/area mangers, and with other members of my department on a daily basis, a high level of delegation, teamwork and communication is an essential part of the job. I have to ensure the weekly turnover of sales and stock figures is ready by the end of the week for the following week’s projections.
In order to efficiently complete the job to a high standard, flexibility is needed in order to meet weekly deadlines. I, therefore, can adapt well to different situations that may arise, and work under pressure with irregular work patterns if deemed necessary.