David Busuttil

Finance Director at E.J. Busuttil Ltd
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Contact Information
Location
Malta, MT
Languages
  • English Native or bilingual proficiency
  • Maltese Native or bilingual proficiency
  • Italian Professional working proficiency
  • French Elementary proficiency

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Credentials

  • CFA (Chartered Financial Analyst)
    CFA Institute - First time Passes
    Aug, 2014
    - Sep, 2024
  • CGMA (Chartered Global Management Accountant)
    Chartered Institute of Management Accountants (CIMA) and American Institute of CPAs (AICPA)
    Jan, 2012
    - Sep, 2024
  • ACMA (Associate of the Chartered Institute of Management Accountants)
    Chartered Institute of Management Accountants (CIMA)
    Sep, 2011
    - Sep, 2024
  • CPA (Certified Public Accountant)
    -
    Jun, 2011
    - Sep, 2024

Experience

    • Malta
    • Pharmaceutical Manufacturing
    • 1 - 100 Employee
    • Finance Director
      • Jan 2022 - Present
    • United Kingdom
    • Insurance
    • 1 - 100 Employee
    • Finance Director
      • Jun 2018 - Dec 2021

      • Leading the finance function for the Maltese entities of the R&Q Group. The team is responsible for producing quarterly management accounting and annual financial statements on an IFRS basis, Solvency II quantitative reporting, budgeting and forecasting, MI reporting, AM Best reporting, tax reporting and cash management. • Leading the Malta office of the R&Q Group • Leading the finance function for the Maltese entities of the R&Q Group. The team is responsible for producing quarterly management accounting and annual financial statements on an IFRS basis, Solvency II quantitative reporting, budgeting and forecasting, MI reporting, AM Best reporting, tax reporting and cash management. • Leading the Malta office of the R&Q Group

    • United Kingdom
    • Management Consulting
    • 500 - 600 Employee
    • Assistant Director, Economics Valuation and Modelling Group
      • Jul 2016 - Jun 2018

      Deloitte's Business Modelling Group, within Corporate Finance Advisory, helps clients design bespoke planning and decision support tools. My role in the Group involved: - Leading Deloitte’s business modelling insurance team. - Supporting Financial Services clients, particularly insurance clients, design and develop bespoke planning and decision support tools, calculation engines, data analysis tools and financial models to support insurance transactions, transformation projects, improve operational processes and generate new business insights. - Supporting the development of IFRS 17 tools and templates including financial impact assessments and projection models to help general insurance clients understand and quantify the financial performance and position impacts resulting from the adoption of IFRS 17. Notable projects include: - Leading the finance work stream of a global transformation project with responsibility to develop and present business cases, financial impact assessments and cost allocation models. - Leading the development of a tool to track project costs and benefits resulting from the merger of two Financial Services companies. - Leading the development of various financial projection and valuation models for insurance companies and intermediaries to support potential transactions from both a buy-side and sell-side perspective. Show less

    • 1 - 100 Employee
    • Investment Reporting Senior Manager
      • Jan 2016 - Jul 2016

      - Leading the reporting and analytics of the Company’s investment portfolio and investment income and return for IFRS quarterly financial reporting, regulatory reporting (Solvency II) and disclosures to credit rating agencies.- Leading valuation projects for IFRS impairment review and Solvency II fair value reporting.- Supporting modelling requirements for strategic projects.- Leading the production of the quarterly Board and Executive Committee IFRS financial results presentation. Show less

    • Reporting & Analytics Manager
      • Oct 2013 - Dec 2015

      Setting up and leading the production of the quarterly Board and Executive Committee IFRS financial results presentation amongst other MI presentations. Role involved quarterly analysis and presentation of results to senior and C-Suite management, leading a team of analysts and liaising with various functional areas (including Actuarial, FP&A, Asset Management and Claims) to understand results and prepare quarterly consolidated commentary on: underwriting result by line of business; claims and loss reserves; investment result; investment portfolio; solvency; cash flow and taxation. Show less

    • Financial Modeller
      • Jul 2012 - Oct 2013

      Managing the design and implementation of:- A multi-year projection model used for the Company's budgeting, performance management, capital management processes as well as decision making;- An IFRS reporting database used for aggregation of branch US GAAP results, posting of US GAAP to IFRS adjustments and translation of trial balance figures to presentation currency.Role involved establishing and confirming forecasting methodology with management, coordinating system build with software developers, leading the validation and user acceptance testing process and establishing BAU process. Show less

    • Germany
    • Insurance
    • 700 & Above Employee
    • Financial Accountant
      • Sep 2009 - Jul 2012

      - Supporting the financial, regulatory and group reporting for Great Lakes Reinsurance (UK) plc in compliance with UK GAAP and IFRS. - Analysing quarterly financial results and preparing deviation commentary for group and management reporting as well as developing and monitoring financial KPIs. - Assisting with the implementation of the financial reporting and disclosure requirements for Solvency II Pillar 3 - Managing the daily treasury process - Supporting the financial, regulatory and group reporting for Great Lakes Reinsurance (UK) plc in compliance with UK GAAP and IFRS. - Analysing quarterly financial results and preparing deviation commentary for group and management reporting as well as developing and monitoring financial KPIs. - Assisting with the implementation of the financial reporting and disclosure requirements for Solvency II Pillar 3 - Managing the daily treasury process

    • Professional Services
    • 700 & Above Employee
    • Tax & Assurance Associate
      • Jun 2007 - Oct 2008

      - Assisting with tax advisory work for international and local corporate clients - Assisting with tax compliance work for corporate and individual clients including tax charge computations and preparation of tax returns - Assisting with tax advisory work for international and local corporate clients - Assisting with tax compliance work for corporate and individual clients including tax charge computations and preparation of tax returns

    • Tax Associate
      • Jun 2006 - Sep 2006

      - Assisting with tax advisory work for international and local corporate clients - Assisting with tax compliance work for corporate and individual clients including tax charge computations and preparation of tax returns - Assisting with tax advisory work for international and local corporate clients - Assisting with tax compliance work for corporate and individual clients including tax charge computations and preparation of tax returns

Education

  • University of Bath
    MSc, Accounting and Finance
    2008 - 2009
  • L-Università ta' Malta
    B. Accty (Hons), Accountancy
    2002 - 2007
  • St Edward's College
    1989 - 2000
  • University of Malta

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