David Breeney
Financial Controller - Funds Management & Real Estate at Challenger Limited- Claim this Profile
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Bio
Experience
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Challenger Limited
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Australia
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Financial Services
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700 & Above Employee
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Financial Controller - Funds Management & Real Estate
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Apr 2020 - Present
• Member of the Challenger Funds Management Valuation Committee, providing monthly assessment and approval for the pricing methodology of listed and unlisted financial assets including fixed income, equities and alternatives and real estate by middle office.• Ensuring the general ledger of the Funds Management business unit is closed to timetable in accordance with the reporting framework of Challenger Limited and to enable production of the various consolidated statutory, regulatory reporting and management reporting requirements.• Responsible for the financial planning and analysis (FP&A), for the third-party Real Estate finance function.• Overseeing middle office’s bookings to ensure they are reflected accurately in the general ledger from the asset registry system. • Reviewing of monthly, quarterly and annual AFSL requirements and reporting to the board.• Planning and implementing the onshoring of the Funds Management UK finance team to Australia.• Managing the Funds Management Accounting Team’s finance managers including corporate, property and UK finance divisions.• Supporting the Funds Management CFO with analysis and due diligence of potential acquisitions.• Performance management and reviews for team members.• Production of internal accounting and audit memos.• Leading the half year and year-end reporting & audit process; reviewing financial statements including notes as well as overseeing the production of detailed supporting analysis. • Monitoring the variations between the statutory view and management view of the Funds Management business unit, ensuring they remain in line with management expectations.• Managing and assisting with the development of and reporting out of multiple finance systems. • Project involvement; Finance lead on introduction of new fee calculation system, Advantage Fee. Show less
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Financial Controller - General Ledger finance Transformation Project (Workday)
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Feb 2019 - Apr 2020
• Member of a senior internal team of subject matter experts tasked with the successful design and implementation of Workday Financials.• Designed the financial data model (chart of accounts) to ensure statutory reporting, management reporting and FP&A were achievable.• Responsible for the change of consolidation approach to a rules based system that includes over 350 entities which removed manual processes and reduced risk.• Provided a strong vision of how Workday automation could be exploited to eliminate manual processes and to improve business controls.• Worked closely with IT to enable seamless integration between front office, downstream and supplementary systems.• Advanced Workday and PRISM report writer, designing new reports for statutory,management and FP&A teams. • Responsible for data conversion of foreign entities including complex foreign exchange issues.• Led the design and introduction of new business processes within Workday.• Managed a team of 6 testers to verify new processes and data.• Projected a positive change mindset to stakeholders to inspire colleagues to push the status quo and embrace change.• Subject matter expert for financial accounting, statutory and management structures, accounts payable, settlement, expenses discovery, process mapping and knowledge transfer from Workday consultants. Show less
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Financial Controller - Funds Management
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Oct 2018 - Feb 2019
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Financial Controller - Life
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Mar 2017 - Oct 2018
• Member of the Challenger Life Company Valuation Committee, provided monthly assessment and approval for the pricing methodology of listed and unlisted financial assets including fixed income, property, infrastructure, equities and alternatives.• Delivered the consolidated Challenger Life Company Limited Annual report to the Challenger Life Company CFO comprising of over 300 entities.• Ensured the general ledger of the Life business unit is closed to timetable in accordance with the reporting framework of Challenger Limited and to enable production of the various statutory, regulatory reporting and management reporting requirements. • Reviewed the quarterly and annual life company APRA returns.• Managed the Life Accounting Team’s finance managers including fixed income, property, infrastructure, equities and alternatives and finance leasing divisions.• Supported the Head of Finance and Deputy CFO with preparation for the Group and Life Audit and Risk Committees.• Provided support to asset, debt and equity due diligence processes, any significant acquisition or divestment activity and ensured appropriate finance support for legal entity reporting.• Assessed new accounting standards; AASB 9, AASB 15 and AASB 17.• Project involvement; Project lead on assessment of AASB 17, internal audit of financial statements and controls. Show less
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Finance Manager - Group Financial Control - Mortgage Management, Group Services & Treasury
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Mar 2015 - Mar 2017
• Delivered the Challenger Limited Annual report to Group Financial Controller and Deputy CFO.• Ensured the group general ledger is closed to timetable. • Delivery of monthly group consolidation of 400 local and foreign entities, balance sheet, cash flow and profit and loss to management.• Responsible for the ongoing maintenance of the chart of accounts across the group.• Management of the Group and Mortgage Management Accounting Teams daily and monthly tasks.• Managed financial information from various stakeholders and input into the group consolidated financial report at year end and interim reporting periods.• Approved tax and BAS calculations for returns in accordance with relevant accounting standards and tax legislation.• Communicated with the Group Auditors, managed and delegated audit queries and aided the Group Financial Controller with technical accounting issues.• Reviewed the statutory to management reconciliations.• Presented subsidiary statutory accounts to directors.• Employee share scheme accounting, including tax effect accounting.• Overviewed the forecast and plan group cash flows.• Project involvement; Project lead on the integration of OneSource system to produce small subsidiary financial statements. New General Ledger assessment and review, project champion on new BI tool install Q&A. Show less
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Senior Financial Accountant - Group Services & Treasury
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Dec 2011 - Feb 2015
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Financial Accountant - Mortgage Management & Treasury
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Jun 2011 - Nov 2011
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TCorp
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Australia
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Financial Services
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100 - 200 Employee
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Portfolio Accountant
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Jan 2011 - May 2011
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Sam Rogoff & Co
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London, United Kingdom
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Senior Accountant
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Sep 2006 - Jan 2010
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Education
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ICAEW
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University of the West of England
2:1, Economics