Experience

UK Asset Resolution Limited (UKAR)

• United Kingdom
• Financial Services
• 1 - 100 Employee

• Finance Manager - Costs

  • Oct 2018 - Present

  • Leading the Cost and Banking team, consistently achieving the cost target and helping reduce the cost base from £155m to £35m. • Ensuring that Payroll processes are adhered to each month and payments are made. Implemented new robust procedures for back up plans if the company incurred system issues.• Managing thousands of payments each year, reconciling the banking systems to ensure sufficient liquidity is held to cover payments. • Working with the Risk department to put in processes and security measures to minimise the risk of Fraud. Adapted processes as staff levels have reduced, meaning duties had become less segregated. • Leading the cost team with the annual and interim audits, partnering with PwC, KPMG and more recently the Government run National Audit Office to ensure that audits are completed in a timely and professional manner.• Implementing a bottom up budgeting and forecasting processes within the cost function. • Identifying and implementing systems and reporting improvements. • Providing multiple cost scenarios to HR for staffing structures in order to reduce headcount from 178 to 65. As well as running a selection exercise in the cost and settlements team to reduce staff levels by 50%. • Providing monthly information to Board and working packs for each directorate. Taking the time to walk through the packs to highlight key aspects with senior management.• A member of the Liquidity Management Group that assesses liquidity risk on a monthly basis.• Working on Project teams to achieve multiple asset sales and the final company sale.

• Senior Business Accountant

  • Jul 2016 - Sep 2018

  • Daily liquidity management and annual Capital forecasting.• Monthly Management Accounts and production of reports and packs for Board. • Accrual and prepayment accounting and Balance Sheet reconciliations.• Production of monthly KPI’s for Board and for the wider business.• Production of new models for the business, including a new redundancy calculator for employees to use on the local intranet and a new long-term forecasting model for use within the team.• Regular production of information for HMRC to help ensure that liquidity and capital were being managed accurately.

• Treasury Accountant

  • Apr 2013 - Jun 2016

  • Creating a full suite of excel models that monitored actuals and accurately forecast 10 years of income and expenditure.• Monitoring different types of funding, ranging from daily FX trades to long term funding notes and securitisations. • Maintaining the Treasury Management System to ensure rates were up to date and information held tied in with Bloomberg. • Monthly Treasury accounts including the posting of accruals and prepayments and investigating and explaining variances.



THE EDINBURGH WOOLLEN MILL (GROUP) LIMITED

• United Kingdom
• 1 - 100 Employee

• Retail Management Accountant

  • Jul 2006 - Apr 2013

  • Coordinated and chaired meetings with regional managers and store managers to walk them through their accounts, highlighting key areas of improvement and opportunities. • Part of a Project team that integrated a new Enterprise Resource Planning system into the business. • Ensured the smooth integration of two accounting systems due to the merger with a company we purchased from administration. • Maintained the accounting system and accounting rules within the Excel financial system (KHALIX).