Michael Parnell
Sydney,NSW
Summary
Finance leader with over 30 years of experience in the IT and services industries.
Proven track record in strategic budgeting, financial modelling, cash flow modelling, customer profitability analysis, project management, inventory, and opex control.
Have strong commercial acumen and risk analysis skills.
Experience in process and policy improvements, and finance team transformation.
Business partnering with all levels of management, including the CFO, and Executive leadership team.
Overview
40
40
years of professional experience
Work History
Financial Controller
Fujitsu Australia
Sydney, New South Wales
04.2013 - Current
- Oversee budgeting and forecasting activities and worked with senior management to align forecast with the company's strategy, both short and medium term. $1b pa turnover
- Developed financial policies to enhance operational efficiency and compliance across the company.
- Implemented cost control and revenue increasing measures in a customer facing role to turn an onerous contract into a profitable contract.
- Developed tool to identify financial risks and propose mitigation strategies in existing and new contracts
- Mentored finance team members to improve skills and knowledge sharing. Provided roadmaps to guide the individual team members to their next level.
- Organised and delivered training to the wider finance team
- Collaborated with senior management on strategic financial initiatives.
- Performed variance analysis between actual results and budgeted amounts.
- Managed month-end closing process
- Managed financial reporting processes to ensure accuracy and compliance.
- Involved in two separate ERP implementations
Finance Manager
Fujitsu Australia
05.2011 - 03.2013
- Managed budgeting processes to enhance financial planning and resource allocation.
- Developed financial reports to support strategic decision-making and business initiatives.
- Led training sessions on financial policies and compliance for staff and stakeholders.
- Facilitated communication between finance and executive leadership for strategic alignment.
- Prepared financial documents such as budgets, forecasts and reports.
Senior Financial Analyst
Fujitsu Australia
04.2005 - 03.2011
- Analysed financial data to support strategic decision-making processes.
- Prepared comprehensive reports for senior management review and analysis.
Branch Accountant
Fujitsu Australia
04.1998 - 03.2002
- Managed financial records and ensured accuracy in reporting.
- Prepared monthly budgets and forecasts for operational departments.
Assistant Accountant
Fujitsu Australia
10.1992 - 03.1998
- Assisted in budget preparation and financial forecasting.
- Collaborated with team members on monthly financial reporting.
- Supported audit preparation by organizing necessary documentation.
Assistant Accountant
MI Group
05.1990 - 09.1992
- Assisted in budget preparation and financial forecasting.
Assistant Accountant
WW Vick & Co
02.1986 - 04.1990
- Tax return preparation, assisted in audits.
Education
Member of CPA -
CPA Australia
11-2010
Bachelor of Commerce - Accounting And Finance
University of New England
Sydney, New South Wales, NSW11-2007
Skills
- Budgeting
- Forecasting
- Risk management
- Strategic planning
- Data analysis
- Team leadership
- Decision making
- Balance sheet management
- Project finance
- Policy development
Timeline
Financial Controller
Fujitsu Australia
04.2013 - Current
Finance Manager
Fujitsu Australia
05.2011 - 03.2013
Senior Financial Analyst
Fujitsu Australia
04.2005 - 03.2011
Branch Accountant
Fujitsu Australia
04.1998 - 03.2002
Assistant Accountant
Fujitsu Australia
10.1992 - 03.1998
Assistant Accountant
MI Group
05.1990 - 09.1992
Assistant Accountant
WW Vick & Co
02.1986 - 04.1990
Member of CPA -
CPA Australia
Bachelor of Commerce - Accounting And Finance
University of New England