Commercial Manager (Project Financial Controller)
Fulton Hogan
Total des années d'expérience :18 years, 1 Mois
PROFILE SUMMARY
• Accumulating expertise in Finance & Accounting through roles at PwC, a prominent Energy/Power company, and various Government and Non-government Australian organizations, focusing on financial management, reporting, and compliance.
• Currently working as a Commercial Manager - Project Financial Controller, skilled in managing project cost control, revenue forecasting, and cash flows; possess expertise in budgeting, forecasting, and financial reporting, with a track record of creating innovative commercial and financial models.
• Exhibited exceptional leadership and negotiation capabilities in effectively addressing contractual and financial challenges.
• Proficient in MS Excel and SAP, with a strong capability to adapt to new software and systems.
• Skilled in earned value analysis, cost control, and compliance with internal processes and statutory requirements.
• Knowledge in financial control, compliance, and consultancy, with a focus on process improvement and assets management.
• Proficient in utilizing advanced financial analysis tools and budgeting tools to drive strategic decision-making and optimize financial performance across diverse industries.
• Experienced in leading, training & monitoring high performing multi-cultural & global teams that excel in delivering business value with high morale & low attrition.
WORK EXPERIENCE
Apr'22-Till Date, Fulton Hogan Utilities Pty. Ltd.
Commercial Manager-Project Financial Controller
Key Result Areas:
• Developing and managing project financial plans, budgets, and forecasts, analyzing financial performance against budget and forecast to provide insights for improvement in Financial Planning and Analysis (FP&A).
• Implementing robust cost control measures to optimize project profitability, monitoring expenses, and negotiating contracts with vendors for cost-effective solutions in Cost Control and Management.
• Preparing accurate financial reports, ensuring compliance with accounting standards, and presenting financial performance to senior management for strategic decision-making in Financial Reporting.
• Orchestrating comprehensive financial management, encompassing budgeting, forecasting, cash flow management, risk identification, and subcontractor rate preparation.
• Guaranteeing adherence to internal processes and statutory requirements while designing innovative financial models and resolving contractual issues through leadership and negotiation.
• Cultivating robust relationships with internal stakeholders to effectively monitor and enhance financial performance.
• Reviewing and negotiating project contracts for favorable terms, monitoring performance and compliance, and identifying opportunities to enhance profitability and minimize risks in Contract Management.
• Building relationships with stakeholders, collaborating with cross-functional teams, and leading a team of financial professionals to achieve departmental goals in Leadership and Stakeholder Management.
Achievements:
• Earned an award for exemplifying Fulton Hogan REAL values (Respect, Energy & Effort, Attitude, and Leadership) through contributions to a major $300+ million project.
• Achieved a 12% increase in project profitability through project cost control and accurate revenue forecasting strategies.
• Facilitated management decision-making for an acceleration proposal/variation of approximately $5 million by accurately forecasting overheads profile variance for the acceleration phase.
• Established and executed procedures to forecast Cost to Complete (CTC) for projects in Construction/WIP stage.
• Recruited, developed, and mentored the Commercial/Contracts Admin team.
Growth Path:
Commercial-Finance Business Partner, Aug'17-Dec'20
Commercial Manager-Finance, Jan'21-Apr'22
Key Result Areas:
• Collaborated with business units to establish strategic partnerships with operations and management, provided analysis and decision support.
• Drove budgeting and forecasting processes in coordination with State Operation Managers, while ensuring timely submission and system uploads to Head Office.
• Analyzed profit/cost center results, and discussed key trends and variances with management.
• Managed commercial aspects of tender processes, prepared business plans for Investment Committee approval, and monitored cost control and profit tracking for major projects.
• Ensured timely and accurate preparation of financial statements, managed billing, accounts payable, and payroll functions, and set up client Schedule of Rates.
• Prepared KPI presentations for client meetings, acted as a key contact point for clients' material requirements, and negotiated costs with suppliers and shipping agencies.
• Managed debtors' collection, ensured compliance with financial control policies, and monitored Days Sales Outstanding (DSO).
• Developed and mentored the Finance & Admin team, provided support to Shared Services & Treasury, and liaised with Internal and External Auditors.
Achievements:
• Successfully managed the financial side of the largest Refractories project, totaling around $16 million, exceeding budget expectations encompassing tender management, progress billings, and finalizing outcomes of variations.
• Developed a comprehensive financial model for billing and summarized Earned Value Management Report, provided management with a daily dashboard summary of Major Projects, showcased earned value, percentage completion, and incurred costs that streamlined payroll processes, while ensuring accurate data entry for weekly pay runs and reducing clients' billing queries by 95%.
Growth Path:
Deputy General Manager-Finance, Jan'09-Jan'14
General Manager-Finance & Budgeting, Jan'14-Jan'15
Key Result Areas:
• Developed financial statements, reports, and presentations for management, incorporated financial analyses like cost-benefit, variance, recovery, and cost center analysis.
• Managed cash flows, delivered daily updates, and produced monthly reports for billing and recovery within the region.
• Prepared and monitored budgets and forecasts for all business units in the Distribution division, and conducted investment appraisal of CAPEX infrastructure projects utilizing DCF, NPV, and IRR techniques.
• Led meetings with Project Owners to assess performance, supported project accounting and monitoring, and verified and allocated expenses to appropriate cost centers and WIP accounts.
• Liaised with various departments including Accounts, Internal/External Audit, Treasury, and Supply Chain to ensure seamless coordination and cooperation in financial processes and reporting.
Achievements:
• Enforced Financial Control by pre-auditing significant transactions, while ensuring accurate postings, and eliminating unnecessary expenditure, surpassing COO's 15% cost reduction target.
• Conducted investment analysis, saved millions by eliminating unviable projects.
• Implemented KPIs to empower employees and establish goals.
• Prepared and monitored a regional Revenue Budget of $415M and CAPEX Budget of $70M for Distribution Division.
• Established a CAPEX Budget Monitoring Mechanism with KPIs for Project Owners.
• Pioneered Cost Centre Mapping aligning staff, vehicles, and assets, provided accurate departmental performance view to management.
Growth Path:
Junior/ Audit Assistant/ Senior, Dec'02-Nov'06
Associate Consultant, Dec'06-Mar'08
Key Result Areas:
• Spearheaded teams in audit, advisory, and consultancy projects, cultivated skill development and optimizing project performance.
• Steered client relationships, formulated engagement plans, and mitigated key risks to secure successful project outcomes.
• Conducted comprehensive reviews of financial statements, offered guidance on International Financial Reporting Standards (IFRS) application, and executed compliance assessments, including Code of Corporate Governance for listed clients.
• Engaged in consultancy projects focused on risk management, fraud prevention, and internal controls such as SOX 404 and Basel-2.
Achievements:
• Exceeded stringent deadlines on external audits and various assignments, consistently delivered tasks promptly without compromising quality or client relationships.
• Successfully executed an Internal Controls documentation and evaluation project (SOX 404 implementation), while ensuring compliance with Sarbanes-Oxley Act Section 404 requirements for publicly-traded companies.
• Spearheaded the Basel-2 Implementation Project, determined capital requirements to mitigate credit, operational, and market risks.
• Specifically focused on identified gaps in the bank's Risk Management Framework concerning Operational Risks.
CPA Australia
Chartered Accountant
Bachelor's in Commerce