Magdalena Kosior-Molloy

Responsibilities:

To optimise the firm's operating capabilities, employ strategies to maximise client satisfaction, and oversee marketing initiatives.

To assist in compiling the firm's budget and financial reports, and employ strategies to achieve the firm’s financial and operational goals.

Achievements:

• Successfully led the execution of strategies developed by the leadership team to steer the firm’s future in a positive direction.
• Established policies that promote the firm's culture and vision.
• Lead employees to encourage maximum performance and dedication.
• Implemented BI tools which improved the visibility of the financial and operational KPIs and evaluated business performance by analysing and interpreting data and metrics.
• Participated in expansion activities (investments, acquisitions, corporate alliances, etc.).
• Successfully managed relationships with partners/vendors.
• Successfully drove the firm’s operating capabilities to surpass client satisfaction and retention, and firm goals.
• Championed process improvement initiatives within the firm leading to cost savings and increased efficiency.
• Provided financial advice and insight to enable the leadership team to make critical business decisions
• Spearheaded system improvements to automate manual processes, increasing overall productivity across the firm
• Overseen commercial decision-making from tender, margin, pricing, and profitability analysis

Responsibilities:

To manage the financial operations and strategy of the firm.

Achievements:

• Developed strategic financial plans to support firm growth and achieve long-term objectives.
• Implemented BI tools to improve the financial visibility across the firm.
• Implemented cost reduction initiatives and process improvements to optimise efficiency and productivity.
• Played a key role in the formulation of the firm's strategy
• Analysed operational issues and implemented corrective action to maximise profits.
• Directed budget development, budgetary controls, and recordkeeping to make informed financial decisions.
• Managed the financial reporting for the firm. This included monthly financial reporting, budgeting and forecasting, 3-year financial plans, and all statutory financial reporting
• Delivered presentation of financial results and insights to the Board
• Managed and oversaw the taxation affairs of the firm and liaised with the external tax firm for specialist advice
• Managed and oversaw the cash flow of the firm and ensured it has the appropriate treasury controls
• Managed the External Auditor relationship and ensuring the firm is compliant with accounting and Law Society standards
• Managed and oversaw the firm's banking and borrowing arrangements
• Managed and oversaw the firm’s financial systems
• Presented results to non-finance people to understand
• Recruitment, training, mentoring, and development of the Finance team
• Managed and oversaw the Finance team (Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, Financial and Management Accounting functions).
• Chair the Risk Management committee to ensure the firm has a solid risk framework in place.
• Overseen commercial decision-making from tender analysis, margin analysis, pricing analysis, etc
• Advised and implemented best practice methods to increase revenue and reduce costs
• Advised on market changes and provided strategic financial recommendations to the leadership team
• Managed and tracked budget and accounting information including billing, collections, and tax information
• Reviewed all formal finance, HR, and IT-related policies and procedures

Responsibilities:

To oversee a firm's day to day financial operations.

Achievements:

• Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
• Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
• Collaborated closely with department heads to establish accurate budgets and monitor performance against targets.
• Enhanced cash flow management with timely accounts receivable monitoring and collections efforts.
• Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
• Reduced operating costs through meticulous budget management and cost analysis.
• Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
• Contributed to the development of long-term strategic plans by providing executive management with accurate financial data and forecasts.

Responsibilities:

To manage and lead the TP3 Group Finance Team in ensuring that the following key responsibilities are delivered: external and internal customer service, timely and accurate reporting, financial control and risk management, external compliance, improve profitability, treasury management.

• Overseen the Finance team and ensure all deadlines are met on a timely and accurate basis. This included preparation of all financial accounts, management reports and Board report monthly
• Implemented robust compliance measures to ensure adherence to regulatory requirements and industry standards.
• Developed comprehensive budgets in collaboration with department heads, facilitating better resource allocation decisions.
• Negotiated favourable terms on credit facilities from banks, securing access to funds as needed for business growth initiatives.
• Ensured all tax and statutory requirements are completed and compliant for TP3 group
• Overseen the treasury area and advised of potential cash flow issues before they arise
• Prepared monthly reports, analysis report, Board commentary, Board reports in preparation for Group Board meetings.
• Overseen and prepared information for external reporting requirements including statutory accounts, work cover audits and industry related reporting requirements.
• Overseen preparation of TP3 tax returns including GST, payroll tax, FBT, company tax
• Principle contact for external auditors in reviewing the accounting process and controls of TP3
• Regularly reviewed and reported major variances within the balance sheets of TP3 Group. Ensured balance sheets reconciliations are complete and accurate for all audit work
• Ensured appropriate financial processes, controls and procedures are maintained to allow the business to be effectively and efficiently controlled and managed from a financial perspective
• Ensured all executives and senior managers of the Group are provided and supported with the timely, accurate, and reliable financial information and knowledge to allow them to successfully fulfill their responsibilities and exceed their own KPIs and objectives.
• Ensured the Finance team actively contribute to identifying, communicating and where appropriate implemented opportunities for the Group to increase financial performance and profitability
• Conducted monthly variance analysis on Profit and Loss statement and provided commentary for the monthly board report

Responsibilities:

• Provision of accurate, reliable, prompt financial and management information to the managers and Executives within the TP3 Group on the financial and operational performance of individual departments, business units and the overall group.
• Provision of financial advice, information and support to managers within the TP3 Group to assist them in improving the financial performance of their division, unit or overall Group.
• Worked with regional managers to produce and submit annual budgets and quarterly forecast
• Preparation of monthly management accounts for Group, regional operations and share services
• Worked with management to improve key operational metrics and ensure project delivery is managed effectively in line with scoping
• Analysed of Group performance including cash flow analysis, break-even analysis and optimising services margin analysis
• Managed the budgeting process including liaising with the business managers to develop budgeting assumptions and policies
• Developed pricing models and review proposals for new projects
• Improved operational workflows by identifying areas of inefficiency and implementing appropriate solutions.
• Increased overall team productivity by fostering a positive work environment and providing effective leadership.

Responsibilities:

• Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
• Ensured compliance with state and federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
• Mentored junior finance staff, fostering professional development and strong team dynamics.
• Optimised cash flow with diligent monitoring of accounts receivable and payable.
• Championed best practices in financial management through ongoing training programs for staff members.
• Enhanced budget management by implementing expense tracking and cost reduction strategies.

Responsibilities:

• Assisted in annual audit preparations, ensuring a smooth process with no major discrepancies found.
• Investigated daily variances and corrected errors to resolve discrepancies.
• Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
• Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
• Payroll management

Responsibilities:

• Maintained detailed financial records of accounts receivable and payable status and bank reconciliations.
• Assisted with monthly and quarterly income statements, balance sheets and cash flow reports to inform decision-makers.
• Maintained accurate and complete documentation to facilitate accounting and filing functions.
• Reviewed general ledger entries and assessed accuracy.

Responsibilities:

• Assisted with monthly and quarterly income statements, balance sheets and cash flow reports to inform decision-makers.
• Maintained accurate and complete documentation to facilitate accounting and filing functions.
• Reviewed general ledger entries and assessed accuracy.