Experience

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  M and M Services Limited

  • Auckland, New Zealand

  • Company Owner

    • Aug 2010 - Present
    • Auckland, New Zealand

    The GFC had a dramatic effect on the financial market's core business, I saw an opportunity to set up as an independent contractor in June 2010 and started my own contract accounting company in October 2010. FMS was my first contract being full time until Dec 2011 the completion of transferring the finance function to Sydney. Clients have ranged from small businesses with tax issues, GST, and annual tax returns, to working onsite as the company accountant, on projects, or as an accounting backup.• The workflow includes completing annual accounts, compliance, and taxation for a range of Auckland-based SME businesses. From the basics of bank transactions, cash management, general ledgers and reconciliations, payroll, receivables and payables, GST, PAYE, and tax, through to commercial contracts, and third-party business relationships.• I have also from time to time consulted on a range of matters for corporations including the service industry, software development, and property development.Highlight has been assisting several clients to recover, establish, and complete their exit strategies.Details of these larger clients are as follows;

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  KJM (formerly PRG) Group

  • Auckland, New Zealand

  • Finance Business Partner

    • Mar 2022 - Present
    • Auckland, New Zealand

    KJM is the residual entities (12) of Physio Rehab Group (12), responsible for driving rationalization/amalgamation in the most efficient and economical manner. Maintaining the ledgers, bank accounts, tax, commercial/operating matters, and advising on finance and tax options.

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  PRG Group

  • Auckland, New Zealand

  • Finance Business Partner (Including Contract Company Accountant)

    • Apr 2016 - Mar 2022
    • Auckland, New Zealand

    • • Physio Rehab Group grew to be Auckland’s largest physio business in 15 years. Turnover over $8m, 21 clinics, 100 staff and being owned by 3 prominent Auckland based Physio’s• Business was successfully sold within 5 years, realizing the owner’s primary goal. (Getting there the following was completed)• Overseeing the accounting/finances of business, evaluating, recommending, and implementing key objectives to achieve sale. Mentored owners on all financial aspects.• Responsible for a team of 4 partly qualified accounting staff, Leading/mentoring and backing up during holidays or at times of pressure, including payroll, GST, dividend payment process, supplier payments, invoicing, and bank reconciliations.• Fixed and improved the monthly consolidated management accounts and cash flows for 21 entities, ensuring the group reporting models were created accurate and in a timely manner• Mapped the accounts processes and procedures, modifying/ introducing best practice approach to groups financial activities. Introduced timetable and established a reporting date within the first 4 business days• Established group policy on dividends and built an in-house model for the ½ yearly dividend distribution, including documentation, incentivizing the Joint Venture Owners (JV).• Identified the non-profitable and negative cash flow, Cash Generating Units (CGUs) of the business, and adopting best strategic and financial approach to rectify performance issues, allowing the group to grow in the right direction. We increased (JV) ownership from 3 to 12 clinic owners, and we merged/closing 8 CGU’s.• I Created a Quarterly Financial Reporting Dash Board (including budget and forecasting models). Undertaking quarterly presentations assisting (JV) with the financial aspects of their strategic planning.• Financial person in the organisation that built the models and ensured the correct documentation/reports were available for the business owners sale process.

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  Perpetual Guardian (formerly NZ Guardian Trust)

  • Auckland, New Zealand

  • Contract Corporate Accountant

    • Sep 2011 - Mar 2016
    • Auckland, New Zealand

    • NZ Guardian Trust is NZ’s largest corporate trustee (corporate division), now Perpetual Guardian (formerly Suncorp). Whilst contracting at Suncorp my expertise in MBS unwinds were identified and I began a new contract• Responsible for the unwind/sell 4 distressed MBS pools (NZD160m 3,000 mortgages) inherited from a bank, covering all aspects including transaction processing, recording, cash flows and periodic reporting over 5 years.• Became part of a team of accountants completing monthly Corporate Trust procedures for institutions with Structured Finance, Loans, Bonds and Kiwi Saver schemes. Providing customers with reports and responsible for all related query resolution matters.• Part of a team that developed and rolled out toolkits for early adoption of AMAL and FATICA, following FMA guidelines for the corporate division.• Completed Trust Manager role of monthly account reconciliations of tax purchase and tax pooling account for a large NZ’s corporations, reconciliations comprised of over 2,000 transactions and up to NZD90m each month. Monthly output being a reconciliation and variance report to client’s internal audit team.

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  Suncorp NZ Limited

  • Auckland, New Zealand

  • Contract Corporate Accountant

    • Feb 2011 - Aug 2011
    • Auckland, New Zealand

    Large Australasian Finance and Insurance organisation requiring Audit of NZ Annual Accounts• Responsible for rolling out the new revised IFRS 7 regime for financial institutions.• Built and populated a statutory accounts model for annual accounts, this involved interfacing with oracle financials.• Developed/gathered the appropriate workpapers for auditors.• Liaised between external auditors and 25 accounting staff within organisation throughout annual audit.

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  FMS NZ Limited

  • Auckland & Melbourne

  • Finance Manager (CFO)

    • Jun 2005 - Dec 2010
    • Auckland & Melbourne

    Joined a 3-year-old start-up entity set up to process all back-office operations of mortgage operations covering 9 Financial institutions including 3 NZ Banks. Also developed a platform for Reverse Mortgage businesses that pick up 5 larger clients including a bank Unfortunately the GFC effectively wiped out over 80% of the client base.• Owned accounting/finances of the business• Lead and developed the finance team in Auckland to 6 including 2 qualified accountants• Established the finance team of 3-part qualified staff in the Melbourne office, working there 1 week a month for 5 years• Rectified cash flow issues by building robust models and procedures, mitigating risk, and settling to NZD 30m of Mortgages/week.• Owned the Annual Audit process for the rating certificate• I built an accounting module for the in-house developed Reverse Mortgage Platform, capable of securitisation.• I help shift finance operations to Sydney in 2011 completed in Dec 2011 being their yearend.

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  Soverign Assurance

  • Takapuna

  • Finance and Treasury Manager

    • Jan 1996 - May 2005
    • Takapuna

    Sovereign started on 8/8/88 grew to NZ’s largest Life Assurer in 20 years and sold then to CBA. Sovereign started a Financial Services Operation to cross-sell policies and mortgages.• I was employed to help develop treasury/finance operations. I then became finance manager for the newly formed ASB investment group.• Established a warehouse facility of NZD250m and completed 5 successful NZD150m MBS issues, gaining an AAA rating from Standard and Poor. The group's mortgage business grew to $4b in 5 years.• Established a treasury division within the corporate finance team for the group's cash and derivative assets, with a team of 8 qualified and unqualified staff. Liaised extensively with actuaries.• I became a foundation executive member of the group’s investment company. • Unwound all MBS pools ensuring no loss or credit downgrading occurred.

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  S H Lock NZ Limited

  • Auckland City

  • Financial Director

    • Jan 1993 - Dec 1995
    • Auckland City

    Trade Finance operation to 2nd Tier Lenders, account manager for 20 SME NZ based entities. Company Accountant and Secretary. Headed and maintained company treasury operation Funding and Financing.