Iona Massey
Head of Finance at Bon Accord Life- Claim this Profile
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Bio
Experience
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Bon Accord Life
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United Kingdom
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Insurance
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1 - 100 Employee
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Head of Finance
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Jan 2018 - Present
• Responsible for the financial governance and controls • Managing FP&A, Budgeting, Accounts Payable, Accounts Receivable, Credit Control and Payroll • Member of the Senior leadership Team to make critical business decisions • Initiating best practices across all financial activities • Leading process improvements to enhance operational efficiencies • Maintaining current accounting, loan and transaction records • Achieving KPI’s and budget control • Managing the month and year end processes • Analysing monthly and annual results • Presenting financial results to the SLT and Company Directors • Establishing strong relationships with stakeholders, suppliers, accountants and regulatory bodies • Identifying and mitigating financial and operational risks • Ensuring contractual obligations are delivered • Remaining self-educated in FCA, HMRC, PCI DSS regulations • Performing analysis on sales and cashflow forecasts, revenue trends, operating costs and financial results • Collaborating with Department Heads to agree annual budgets • Ensuring accurate reconciliation of payments from providers and customers • Making sure that stakeholders are aware of revenue fluctuations, remedial actions and financial risks • Submitting bi-annual balance sheets, income statements and regulatory capital figures to the FCA • Managing intercompany transactions • Identifying potentially fraudulent activities and mitigating the risks • Managed the project to digitalise the accounting system and automate the payroll • Migrated servers to cloud based management system • Led the transition to HMRC’s MTD for VAT • Embedded robust controls for procurement approvals and supplier risk assessments • Created and implemented structured month end procedures which improved reporting accuracies • Improved the commercial growth by initiating cost reductions, IT restructures and an office relocation • Enhanced the financial management knowledge of non-financial colleagues Show less
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Applus+
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Spain
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Business Consulting and Services
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700 & Above Employee
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Financial Analyst
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Aug 2016 - Jan 2018
• Performing variance analysis and investigations • Identifying improvement opportunities • Producing performance reports, financial dashboards, forecasts, and CAPEX budgets • Participating in meetings with the MD, Finance Director, Head of FP&A and Asset Managers • Presenting performance results to managers • Monitoring the progression to achieve KPI’s across 18 national divisions • Working with each department to discuss and amend periodic sales forecasts against annual targets • Training department heads in variance analysis, gross profit margins and EBITDA • Submitting the results of UK divisions to the Netherlands head office • Responding to report enquiries • Delivered budget management training to Asset Managers Show less
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Heriot-Watt University
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United Kingdom
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Higher Education
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700 & Above Employee
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Senior Finance Administrator
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Sep 2005 - Jul 2016
• Controlling the funds and finance of research and consultancy projects for the school of Energy, Geoscience, Infrastructure and Society • Supporting Academics, Project Managers and Researchers with their financial administration • Liaising with funding councils, partners, clients, suppliers and sub-contractors • Ensuring compliance with regulation and terms of external funding bodies • Producing KPI, forecast and variance analysis reports for senior leaders • Identifying and preventing risks that would impact the project delivery • Managing and delegating duties throughout the workforce • Facilitating regular meetings with key stakeholders • Ensuring robust cost and budget controls • Complying with internal and external regulations and legislation • Authorising project expenses for travel, invoices, equipment and consumables • Performing project audits on system failures, accounts and costs • Improved financial controls, working practices and systems • Reducing financial risks • Designed and implemented a Resource Management Tool to support the SMT • Recovered significant costs as a results of auditing project accounts Show less
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Business Analyst
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Oct 2002 - Sep 2005
• Managing a team of administrators • Providing direct support to the MD • Supporting consultancy teams during client safety audits in Rail industry • Collaborated in a major project for a key oil and gas industry client • Work as part of a team to design, implement and manage an action tracking system for safety studies • Designed and implemented administrative, financial and HR processes and procedures • Designed and implemented a timesheet management system to support the Business Plan Show less
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Education
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Heriot-Watt University
Joint Honours Degree, MA International Business & Languages -
The Chartered Institute of Management Accountants
CIMA Certificate in Business Accounting, Accountancy -
EDHEC Business School
Erasmus Exchange Programme, Business Administration and Management -
University of Stirling
Help to Grow Management Programme