Jamie Phibbs

Reporting directly to the CFO and a dotted line to the Country End Market lead, I have gained in-depth project accounting, FP&A, month end reporting/closing, Oracle, APIC and ePM experience. I have effectively managed and developed a diverse finance team and can work under pressure and deal with multiple tasks. My main responsibilities include:

Key Responsibilities
• Managing a diverse finance team, including mentorship and training.
• Working closely with the Country End Market lead as well as CEO and COO to support them with the Planning and Outlook process to ensure that the finances are tracking to the business plan and strategy.
• Working capital management inclusive of individual project cash flows.
• Being a business partner in project execution from project setup to close out (e.g. contract compliance and commercials, as sold budgets, VO’s, EAC’s, monthly reviews, and KPI’s).
• Monitoring and analysing projects margins, headcount, commercials, KPI’s, cost control, revenue recognition, project risks, penalties, and supporting the PM’s to understand the key project financials and areas for improvements.
• Board pack preparations.
• Supporting bid teams in financial bid preparations.

Key Achievements
• Worked with the CEO and COO of the Management Services End Market on a 3 year look forward Plan that showed this part of the business would not return profit and therefore needed winding down.
• Worked successfully with four different Country End Market leads, each with their own contrasting management styles and personality. I have adapted to each of them and given strong support and service to enable the Construction Services End Market to consistently overachieve Plan in every year from FY16 to FY22.
• Providing ongoing training, support and guidance to my team. This has allowed them to develop their skills, take on more responsibility and work independently, while also allowing me to take on a broader finance role.
• As ePM Finance Super User I supported my team and the business with the successful implementation of ePM.

Key Responsibilities
• Manage all project accounting and financial activities including all key projects (total contracts of SAR 4B) e.g. NEOM, Saudi Customs PMO, KKIA Airport, AlUla, Haram Expansion and Haramain High Speed Rail.
• Completion of monthly and YTD financial performance reports, comparing to Plan and Outlook; including project NSR and GM variances, detailed indirect labour costs, SG&A and key explanations.
• Coordination/completion of the MBR (Monthly Business Report) and assisting senior management with key items.
• Developing new analysis and reports that are customised to the key points and easier to understand and review.
• Responding to all financial related queries and preparing analysis and reports promptly.
• Verifying all project related month end revenue events and journals are posted in time and SOX compliant.
• Ensuring the month end close is completed in advance by working proactively during the month to clear any issues e.g. ePM approvals, reviewing mid-month results to resolve any issues and advance journal posting if possible.
• Reviewing project variances against monthly Plan/Outlook to identify any issues (e.g. over recognition of revenue).
• Supporting the team to have all required data and documentation for both internal and external audits.
• Accounts Payable - reviewing and approving online bank payments and cheques (e.g. salaries, vendors and subs).

Key Achievements
• Improved the control environment and influenced the wider business. This reduced the month end close from 5 to 3 days and significantly reduced the number of manual adjustments.
• Improved the billing process for various projects, which led to payments being received more regularly.
• During FY15 I played a key role in the project clean-up and worked with the PM’s to close out over 100 legacy projects. I also supported the PM’s to prepare accurate EAC’s and to ensure the APIC financials were correct.
• During FY18 I worked closely with all key stakeholders with the VAT implementation, including invoice compliance, grandfather clause and calculating/highlighting potential VAT risk. The implementation was very successful.

Reporting directly to the Head of Internal Audit, my position enhanced my accounting and audit experience (IFRS’s, IAS’s and Irish/UK GAAP), business processes, non-financial business risks, computer literacy, internal control processes/testing and risk-based auditing. On a daily basis I dealt with senior management; this developed my negotiating, interpersonal, presentation and communication skills. My main responsibilities included:

• Carrying out the Internal Audit work programme and assisting in the development of the audit plan.
• Drafting reports including recommendations and agreeing and verifying implementation.
• Reviewing and auditing compliance with accounting policies and corporate governance.
• Supporting the development and implementation of the risk management strategy of the group.

The internal audits I completed were based on a risk-based audit approach. The areas I audited were as follows:

• Treasury function - segregation of duties, inadequate controls, bank mandates and FX risk management.
• Credit control - customer failure, accuracy of records/ageing, inappropriate credit given and compliance.
• Pricing - price book controls, fixed pricing, outdated customer contracts and competitive pricing.
• Purchase ledger - inaccurate records, underestimation of liabilities, processing failure and fraud.
• Stock - inaccuracy of records, stock valuation, lack of physical control and stock obsolescence.
• Health and safety - legislation compliance, serious accidents, lack of staff training and H&S procedures.
• Financial control - inaccuracy of account reconciliations and non-collection of other receivables.
• Branch audits - sales, purchases, rebates, overheads, fixed assets, stock, debtors, bank and cash, creditors, payroll, health and safety, transport and general housekeeping.
• Review of group consolidated accounts - completing an analytical review of actual results vs. budgeted and prior year and seeking explanations and backup for variances.
Key Achievements
• With my prior broad experience, I played a key role in the development and implementation of the risk management strategy of the group.
• I developed a strong relationship with all business units. This resulted in a better working relationship with the internal audit department and improved internal controls, efficiency, and effectiveness of procedures.

Reporting directly to partners and directors, my role varied greatly, and I gained vast broad experience across a number
of different departments. My main responsibilities included:
Auditing (50%): I completed and supervised various audits from small owner occupy businesses to international groups:
* Completion of audits in a professional, timely and efficient manner; including planning, co-ordinating, group
consolidation, all P&L and BS items, analytical review and reviewing audit files to partner level.
* Preparing statutory accounts in line with company law, auditing, and financial reporting standards.
* Supervising and providing on-the-job training and assistance to junior members of staff.
* Providing timely feedback to directors and partners in relation to on-going audit issues and work in progress.
* Preparation of management reports summarising the P&L, BS, client journal adjustments and highlighting the main
weaknesses and recommendations for improvements.
* The largest audit I led was in UAE. It was an Irish construction contracting group with subsidiaries in the UK, UAE
and Saudi Arabia. Outlined below are some of the audits for which I was allocated the role of audit senior:
Description Industry Size
Construction contracting group (as above) Construction T/O: €100M
Affordable housing sales and rentals Charity/local community Total assets: €190M
Credit Union Financial services Total assets: €98M
Retail pharmacy group Retail sector T/O: €29M
Non-Audit Services (50%): I completed various non audit services including:
* Financial statements preparation in Word, Excel and Viztopia. I completed all sections of the P&L, BS and group
consolidation, in line with Irish and UK GAAP, IFRS’s and IAS's standards.
* Financial Monitor for NAMA (National Asset Management Agency) debtor for over one year. This role involved
reviewing/reporting the financial performance of various businesses on a monthly basis.
* Completing various financial and cash flow projections and business plans
* Taxation compliance including VAT, PAYE, USC, PRSI and Corporation tax.
* Consultancy assignments for banks, government bodies and courts.
* Business valuations for business acquisitions, disposals, bank debt restructuring and court examinerships.
* Due diligence assignments for companies and groups.
Key Achievements
* Developed a strong reputation within the firm and was chosen for many large audits.
* Completed audits and consultancy assignments in professional, timely and efficient manner, allowing the firm to
improve profitability, develop better client relationships and increase current fees and win new work.
* Due to my early success within the firm, I was given greater responsibility with various consultancy assignments.