Finance Business Partner
Ringley Chartered Surveyor
Total years of experience :15 years, 2 Months
Finance Business Partner: Ringley Group is a leading Chartered Surveyor and facility management company, offering a comprehensive range of real estate solutions including asset management and lettings, manages circa 10, 000 long leaseholds with revenue of £6M and workforce of 64 people.
Working with CEO and business partnership with key stakeholders across the company to provide support to the board through critical financial analysis, oversight, timely and accurate issuance, analysis of financial reports and translating data into management information that support the management decision-making process.
Lead for the delivery of the financial planning, budget and cash flow forecast cycle, ensuring outputs are thoroughly reviewed, challenged and delivered on-time.
Reporting on internal and external KPIs relevant to team and team leader objectives, and reporting the team performance against ad-hoc issues and agreed KPIs.
Driving the business to bring in additional income whilst maintaining expenditure and headcount levels.
Periodically review & evaluate the company financial system (processes, system automation, policies & procedure), ensuring that risks are highlighted and mitigated in an efficient manner.
Reviewing business cases with attention to risk management and engaging in benchmarking studies to establish areas of potential operational improvements.
Supported all financial aspects of projects, including revenue recognition, work in progress analysis & forecast, and invoicing/preparing interim payment certificates for sub-contractor.
Accountable for all treasury related technical accounting issues including banking, procurement process and fund management in client aspect(c20M).
Dealing with developers on new development clients for mergers and feasibility studies, DCF models for Buy-to-Let properties/Virgin land.
Preparation of quarterly reporting packs for 2 funds (Rise & Mailbox), analysis of the performance, and position of the funds, KPI reporting and Dashboards production.
To manage and lead the finance team of 08, ensuring profitability margin is met, workload is delivered on time and to quality standards.
Establishing a prominent level of credibility and managing strong working relationships with external parties including banks, offshore teams, clients, suppliers, solicitors, and advisors.
Ensuring that appropriate financial governance principles and compliance are adopted (RICS Compliance, FCA Gabriel Report, Auditing & AML), and submitting HMRC reporting for Tax, VAT and PAYE.
Key Achievements:
Introduced direct data feed from Barclays bank for quick bookkeeping and integrated an external software(adept) into Sage to upload the sales invoice processing, reducing days to invoice from 1 week to 1 day.
Automated the client bank reconciliation (more than 300 clients) into a cloud system thus reduced two head count.
Successfully implemented a cost reduction program-paperless environment.
Improved the financial models for analysing the month end and quarterly reporting (balance sheet, P&L, cash flow forecasts) and reducing the reporting time to 40%; integrating the models, adding controls and robustness that made them error-proof and automated.
Reviewed the service charge process and reduced property accounts circulation from 2 months to 3 weeks this has increased margin 10% per annum.
Re-structured finance and customer service division by introducing 1st touch resolution strategy thus increased efficiency of client’s reporting.
Led major process transformation from the old system into cloud basis that reduced the overhead costs by 15%, saved 0.2M sales from retaining critical clients and ensured company survival.
Recovered debt of circa 114K in client fund aspect through balance sheet review and implemented control and regular review cycle.
Completed a 5-years business plan with the CEO.
Documented all financial process in flow chart-Drakon-hub
Management Accountant: It is a one of the specialised leading Property Management companies in the UK and managing more than 15000 properties with revenue of £8M and 80 employees.
Prepared year-end financial statements (service charge & statutory accounts in line with UK GAAP or IFRS as appropriate) using Qube (portfolio of 50 properties).
Assisted finance director on preparing subsidiary and group consolidated statutory accounts.
Supporting property managers in the process of reviewing leases and ensure that costs allocation, budgeting and year end pack are prepared in line with leases/Transfer documents.
Prepared actual cash flow analysis and regular forecasting for high end properties.
Review month-end and year-end close in collaboration with the Service Charge accounting team -review and management of I&E, trending including accruals, pre-payments, variance analysis and debtor / creditor review.
Worked with the team to continually measure, examine, develop, re-engineer and implement the continuous improvements of accountancy operations, systems, procedures, service levels and policies to improve productivity, effectiveness, and profitability of the operation.
Key Achievements:
Reclaimed £19k of VAT payment (Refund) on utilities bills - by setting control checks Introduced.
Streamlined the accounts payable procedure, resulted in a reduction in time for procurement cycle from 7 days to 4 days.
Developed new excel models for monitoring empty property cost calculations.
Finance Analyst: It is a private equity investment and consulting firm that provides integrated solutions for real estate, manages circa 1500 resident managed developments with revenue of £80M and workforce of 4500 people.
Responsible for the production and analysis of the quarterly management accounts packs across all UK based high end properties.
Management of reporting and controls, variance analysis with commentary, taking ownership of the accounts along with stakeholder communication.
Involved in property sales, completions, void analysis, budget, setting up the site, and analysis of the balance sheet to assess the liquidity positions and cash flow management of high end properties.
Provided financial analysis to support the financing, acquisition, marketing, and leasing of properties.
Responsible for the day to day running of property accounting, which includes, preparing property budgets, quarterly billing, management reporting, year end balance sheet reconciliation, monitoring of funds, reviewing leases, liaising with all stakeholders, and presenting report’s results to clients’ directors.
Key Achievements:
Implemented a template for journal uploads of month end closes for all property accounts, which saved significant time for posting.
Reconciled problematic accounts and cleaned up previous loose ends
Access Group is one of the fastest growing conglomerates in Sri Lanka, has
grown and diversified into many fields with an annual turnover $300 million.
Assisted the financial controller in production of statutory accounts (under IFRS). Ensured all
financial data is well documented within departments and all records are accurate and up to
date.
Involved in financial month-end closing and prepared monthly management report for 3 projects
(P& L, Balance sheet, variance report against budget).
Supported all financial aspects of projects, including revenue recognition, work in progress
analysis, and invoicing/preparing interim payment certificates for sub-contractor, retention
payment, tax implications, reporting on ad-hoc request and special projects activities.
Reviewed monthly cash flow forecasts and monitored actual cash movements against forecast.
Analysed the project overhead costs and other operating expenses, analysis looks into how
each cost centre is performing against its budget and forecast figures, discrepancies are
bought to manager's attention and saving plans with budget holders.
Developed financial model-investment appraisal for new projects.
EY is the Global leader in assurance tax,
transaction and advisory services.
Conducted and reviewed of organizational and functional activities according to the audit plan
and programs, ensuring that satisfactory management, administrative, financial and risk control
are placed to facilitate compliance with established company policies and safeguard the assets
of the company.
Took part in performing due diligence work for mergers and acquisitions for one of a major
client.
Achieved Fellowship on October 2020