Lucy Lowe
Sydney,CA
Summary
Accomplished Assistant Director at the National Disability Insurance Agency, recognized for expertise in SAP Financial Management and exceptional problem-solving skills. Successfully led innovative financial projects that streamlined processes and significantly improved efficiency. A strong reputation in strategic planning and collaborative teamwork, consistently achieving results that exceed expectations.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Assistant Director
National Disability Insurance Agency
07.2022 - Current
- Company Overview: The NDIA is an independent corporate entity operating a national scheme for fundings and governance shared among both Federal, States and Territories Government
- Review lead schedules for the preparation of annual account
- Prepare soft, hard close in preparation of annual Financial Statement
- Review monthly reconciliation
- Review intercompany transactions for participant related expenses and reallocation to Scheme ledger
- Review reversal Journals in ledger 1 and reallocated to ledger 2 based on program basis
- Prepare monthly accruals based on schedule program
- Review cash transfer to ensure reversal in ledger 1 and expenses posted to ledger 2 including GST impact
- Prepare monthly summary on Grant payments and track outstanding items
- Fix incorrect posting and manual reversal of all AC Journals for month end
- Prepare monthly Journal tracker for Director to review, correct excel format error to ensure balances offset to nil
- Involved in new project – new Journal tracker report based on SAP data extraction and summarize in pivot format to lodged Journal number posted by each staff during month end
- Preparation of quarterly employees leave provision and monthly prepayment Journals
- Liaison with Payroll team for information on staff number for annual Financial Statement
- Prepare Scheme related expenses for end of month accounts
- Take on upload Journal project to catered for WBS elements and added on data validation fields to avoid rework and re-approval
- Manage two graduates and review their performance plans
- The NDIA is an independent corporate entity operating a national scheme for fundings and governance shared among both Federal, States and Territories Government
Assistant Director
Office of the Australian Information Commissioner
02.2022 - 07.2022
- Company Overview: OAIC is a national regulator on Privacy and freedom of information legislations
- Review monthly Prime reporting
- Review monthly HR payroll data and part of the team reviewing migration of data from MYOB to SAP for new share services provider Services Delivery Office based in Canberra
- Review and validate all payroll data from MYOB to SAP for data migration
- Review monthly BAS, Fixed Asset register listing and GL data for data migration into SAP system
- OAIC is a national regulator on Privacy and freedom of information legislations
Senior Financial Accountant
NSW Treasury
12.2021 - 02.2022
- Company Overview: NSW Treasury managed the States finance of NSW and consists of 16 Residual entities that covered Electricity Grinds and Workers Compensation self-insurance scheme
- BAS preparation
- Preparation of monthly / annual financial statements for four entities
- Prime reporting
- NSW Treasury managed the States finance of NSW and consists of 16 Residual entities that covered Electricity Grinds and Workers Compensation self-insurance scheme
Finance Manager
Infrastructure Australia
05.2021 - 06.2021
- Company Overview: An independent agency reviewing Federal Government Infrastructure project and assessment
- Reconciliation of end of month data
- Prepare BAS return and reconciliation
- Update budget template and provide commentary on payroll data
- Prepare leave accrual report and on-cost with discount rate
- Review depreciation expense and disposal before end of year close
- Collate data for interim audit
- Review all valid PO and accrual before year end close
- An independent agency reviewing Federal Government Infrastructure project and assessment
Assistant Director/Finance/ Project Manager
Administrative Appeals Tribunal
02.2019 - 05.2021
- Company Overview: Independent Commonwealth Government agency reviewing past decisions made by other Government departments
- Review end of month reporting and BAS return and reconciliation
- Closed end of month report within 3 days instead of 10 days
- Resolved prior year audited findings in 2018-19 interim audit
- Managed a team of six in Sydney and three in Brisbane
- Valuation of PPE register to fair values and updated data in SAP
- Reconciliation of Asset Revaluation Reserve & Equity notes for the auditor
- Review impairment testing for the Intangible asset
- Review ACM (Appropriation Cash Management) reconciliation to the Department of Finance
- Review and approved monthly CBMS reporting for two entities
- Review annual FBT return and lodgment
- Review the application of AASB 9,15,16 & 1058 for AAT
- Report the application of AASB 15 & 16 and proposed budgetary impact in the new fiscal year (FY)
- Review AASB 16 applications for the new FY
- Review transactions and Journal entry for the new standard AASB15/16 in the new FY
- Completed AASB16 budget data to the Department of Finance
- Prepared full set of Statutory Accounts in 19/20 and 20/21 fiscal years
- Prepared annual SRP report to the Department of Finance
- Liaison with existing divisions and streamline process and improvement
- Split two entities ledgers and creation of new company code in SAP
- Independent Commonwealth Government agency reviewing past decisions made by other Government departments
- From January 2021 transferred to project team and recent achievements:
- Successfully implemented AASB 16 software to streamline end of month processes
- On time delivery of all monthly and annual reports for the last two years
- Current project - e-invoicing and automated Blackline reconciliation software for AAT
Financial Accountant
Barnardo’s Australia
04.2018 - 10.2018
- Company Overview: A Not-For-Profit organization in Sydney and ACT specialized in the placement of children or young people in foster family and provide life skills training for struggling families
- Annual turnover is $110m
- Annual FBT return for 398 fleet vehicles and expense payment
- Update investment marked to market movement
- Month end reporting, reconciliation, and Journal preparation
- End of year reporting and analysis included make goods and lease commitment
- Review AP coding and approval
- Prepare notes to the account for the auditors
- A Not-For-Profit organization in Sydney and ACT specialized in the placement of children or young people in foster family and provide life skills training for struggling families
- Annual turnover is $110m
Financial Accountant
Department of Education
05.2016 - 04.2018
- Company Overview: Part of State Government responsible for primary and secondary school’s finance
- Prepared inter-entity transactions for values exceeded >$5m
- Prepare Crown Data Return
- Review monthly GST calculation
- Prepare employee accounting based on Treasury Circular
- Services groups split calculation for annual financial statement
- Collate and prepare commitment notes
- Prepare current & non-current borrowing on PPP
- Payroll tax on accrued salaries
- Prepare defined benefit calculation and on-costs based on TC17/07
- Provision for leases incentive and make good calculation
- Prepare monthly, hard close and end of year financial statement and notes to the account as well as PRIME reporting
- Analysis YTD actual v prior year results and write commentaries on finding
- Liaison with the Audit Office and resolved audit queries
- Analytical of Toes data to Primes for Treasury reporting
- Prepare forward estimate calculation for enrolment fundings and employee entitlement to NSW Treasury
- Investigate current v prior year expenses for Treasury analyst
- Remodeling the Statutory Reporting template
- Review all leave reports for the newly implemented SAP Payroll system
- Part of State Government responsible for primary and secondary school’s finance
Group Tax Accountant
University of NSW
10.2011 - 05.2016
- Company Overview: UNSW is one of the leading universities in research and teaching in Higher Education, revenue turnover in 2015 was $1.7billion (consolidated results), with nine faculties, 2 Joint Ventures, 7 subsidiaries and offices in Hong Kong, Nan Jing, USA, and India
- Prepare and submit monthly payroll tax returns for ACT, NSW, SA and annual return for Queensland, WA, NT, Victoria, and Tasmania
- Monthly analysis sole trader and contractors for end of year Payroll Tax Return
- Prepare annual Workers Compensation wages declaration
- Check Lease Plan calculation for annual FBT return liaison with Lease Plan to resolve variances found
- Prepare annual capital / Lease Incomes commitment schedules for Statutory Reporting
- Annual reconciliation of actual v accruals FBT provision and adjustment Journal
- Resolve telephone queries from Faculty / Schools on FBT/GST queries
- Prepare Income Tax note for annual Statutory Account, UNSW has overseas entities are not Income Tax Exempt
- Prepare split pay for EOY salaries and wages accrual
- Updated annual leave calculation from HR system, check calculation on cost on Recreational leave provision, Payroll tax, Superannuation guarantee charge (SGC), Payroll tax on super /SCG, Superannuation and cost of Worker Compensation
- Update all University’s super fund, LSL, AL, and WC provision accounts
- Prepare monthly BAS returns including investigation of variances to GL account
- UNSW is one of the leading universities in research and teaching in Higher Education, revenue turnover in 2015 was $1.7billion (consolidated results), with nine faculties, 2 Joint Ventures, 7 subsidiaries and offices in Hong Kong, Nan Jing, USA, and India
- Achievements:
- Invited to a permanent role following 6 months in a temporary assignment
- Initiated a key change to drive efficiency and streamline work by partnering with the Business Solution Architect to re-write four new queries for FBT purposes
- This resulted in considerable saving (approximately 50% time-saving) for the tax team
- In 2014-2015 saved $1m in FBT expenses due to Australia Charity Non-for-Profit Commission classification of university as rebatable Employer
Finance Manager
NSW Ombudsman Office
08.2008 - 10.2011
- Company Overview: NSW Ombudsman is an independent watchdog advising other government entities their judicial duties or Administration Law
- Annual turnover is $22m
- Month end reporting including commentary of monthly expenditures against the monthly/annual budget to Treasury
- Monthly production of Operating Statement, Statement of Financial Position and Cash flow Statement to senior management and Treasury
- Monthly TOES (Treasury online Entry System) reporting to Treasury, included commentary on variance of Actuals v budget
- Prepare 4 years forward estimate projection for the organisation
- Annual Treasury returns on Recurrent Appropriation/acquittal, lapsed Appropriation, Capital plan for the Ombudsman Office and supplementary return
- Review and set guidelines on travel compensation based on Treasury policy
- Set annual budget for six divisions, monthly analytical review of all expenses against annual budget and resolve issue on overspend on budget
- Review analytical work on annual leaves, annual leave loading and extended leaves accrual, and cash flow forecast
- Assist OSR to audit the office’s Payroll Tax for the last 5 years
- Review monthly payroll tax working paper
- Review annual fleet and miscellaneous insurance
- Prepared Fringe Benefits Tax Return for the office
- Annual Statutory Accounts, liaison with internal and external Auditors and Treasury analyst for YTD results versus budget allocation
- NSW Ombudsman is an independent watchdog advising other government entities their judicial duties or Administration Law
- Annual turnover is $22m
- Achievement:
- In partnership with IT, initiated a simpler stock take procedure using IT listings from the server to identify, scan and label all desktops for the office’s annual stock takes
- This resulted in efficient stock take processes for the team as well as cost savings for the March hard close
- This procedure will drive efficiency in the following year with limited resources
Assistant Finance Manager
Sydney Opera House
12.2007 - 06.2008
- EOM Journal, redundancy payment, and balance sheet reconciliation
- Review monthly government bond rate and reconciliation of AL & LSL provisions
- Manage two staff and authorised online payments
- Set up a template for TOES (Treasury Online Entry System) codes with corresponding GL account codes in Sun System
Financial Accountant
Australia Chamber Orchestra
11.2007 - 12.2007
- Company Overview: ACO is a not-for-profit organisation which promoted and performed classical music
- Balance sheet and fixed asset register reconciliation
- Remodel statutory account template
- ACO is a not-for-profit organisation which promoted and performed classical music
Financial Accountant
State Rail Authority of New South Wales
06.2006 - 10.2007
- Company Overview: State Rail is a subsidiary of Ralcorp
- State Rail had officially closed their business as of 30 June 2007
- SRA turnover is $139m
- Reconciliation of Provision of Doubtful Debt and follow up write off in 2006
- Month end journal, reconciliation of GL ledger and Inter-entity transactions
- Review SRA current Contingent Assets and Liabilities under IAS 37 guideline
- Assist with 2006_7 Statutory Accounts and analysis of the notes to the account
- Assist in Cash flow Statement for 2006_seven statutory accounts
- Review, investigate SRA Fixed Asset last valuation dates for all class of Assets (Land, Building, Plant & Equipment and Track work total $169m)
- Review impairment losses under IAS 36 guideline for all class of assets
- Update Treasury online Entry System (TOES) for 2006_7 financial Statement
- Reconciled Eveleigh’s project ($15m) for interest earned, expenses incurred and forward a submission to management
- Expenses analysis for Thirlmere and Office and Rail Heritage project for month end reporting ($4m)
- State Rail is a subsidiary of Ralcorp
- State Rail had officially closed their business as of 30 June 2007
- SRA turnover is $139m
Financial Accountant
KAZ Group Pty Ltd
04.2006 - 06.2006
- Company Overview: KAZ is a subsidiary of Telstra, and their core businesses are software and hardware development
- Review annual novated lease, salary sacrifice for annual FBT return balance sheet reconciliation and cash flow forecast
- KAZ is a subsidiary of Telstra, and their core businesses are software and hardware development
Financial Accountant
RailCorp
09.2005 - 04.2006
- Company Overview: Engineering Department has eight business units and 46 Sub-Business Units
- EOM and monthly board reporting, including commentaries of variance to budget, analysis of monthly contractors and headcount versus unit’s budget, production of Profit and Loss Statement for each sub business unit
- Capitalised projects to fixed assets register, debtor ledger and 2006 FBT return for the department
- Engineering Department has eight business units and 46 Sub-Business Units
Financial Accountant
Zuellig Insurance Brokers Pty Ltd
02.2005 - 08.2005
- Company Overview: Zuellig is an insurance broker for risk assessment, marine insurance, underwriting and of insurance coverage
- Preparation of monthly financial statement
- Production of management report, commentary for variances analysis
- Prepare annual payroll tax return, stamp duties & FBT return
- Zuellig is an insurance broker for risk assessment, marine insurance, underwriting and of insurance coverage
Education
Bachelor of Commerce -
University of Queensland
Bachelor of Economics -
University of Queensland
Bachelor of Economics (Hons) -
University of Queensland
Skills
- Microsoft Outlook
- Microsoft Teams Facilitation
- Microsoft Word Proficiency
- Advanced Excel Skills
- Time management mastery
- Collaborative teamwork
- Strong communication skills
- Problem solving prowess
- Microsoft Dynamics Expertise
- MYOB Proficiency
- PeopleSoft Proficiency
- SAP Financial Management
- Ellipse Production
- Accpac Software Proficiency
- Calmo report writer
- Regulatory compliance
- Individual accountability
- Financial administration
- Strategic planning
- Employee relations
- Project management
- Staff management
- Task delegation
- Data analysis
- Grant compliance
- Critical thinking
- Due diligence
- Financial modeling
- Excellent communication
- ERP software
Certification
I am a member of Chartered Accountant in Australia and New Zealand
References
on request
Affiliations
I enjoy reading, bush walking and now learning a foreign language.
Timeline
Assistant Director
National Disability Insurance Agency
07.2022 - Current
Assistant Director
Office of the Australian Information Commissioner
02.2022 - 07.2022
Senior Financial Accountant
NSW Treasury
12.2021 - 02.2022
Finance Manager
Infrastructure Australia
05.2021 - 06.2021
Assistant Director/Finance/ Project Manager
Administrative Appeals Tribunal
02.2019 - 05.2021
Financial Accountant
Barnardo’s Australia
04.2018 - 10.2018
Financial Accountant
Department of Education
05.2016 - 04.2018
Group Tax Accountant
University of NSW
10.2011 - 05.2016
Finance Manager
NSW Ombudsman Office
08.2008 - 10.2011
Assistant Finance Manager
Sydney Opera House
12.2007 - 06.2008
Financial Accountant
Australia Chamber Orchestra
11.2007 - 12.2007
Financial Accountant
State Rail Authority of New South Wales
06.2006 - 10.2007
Financial Accountant
KAZ Group Pty Ltd
04.2006 - 06.2006
Financial Accountant
RailCorp
09.2005 - 04.2006
Financial Accountant
Zuellig Insurance Brokers Pty Ltd
02.2005 - 08.2005
Bachelor of Commerce -
University of Queensland
Bachelor of Economics -
University of Queensland
Bachelor of Economics (Hons) -
University of Queensland
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