Michelle Grimshaw
Brisbane,Australia
Summary
Results-oriented Senior Finance Leader with over 25 years of expertise in financial management, specializing in business partnering, financial planning and analysis, and statutory reporting. Proven success in optimizing P&L, balance sheet, and cash management to support strategic business decisions while effectively mitigating risks. Adept at managing diverse teams and multiple initiatives, fostering collaboration among stakeholders to achieve key objectives. Career ambitions include driving innovative financial solutions to enhance organizational performance.
Overview
27
27
years of professional experience
Work History
Finance Manager
UGL Engineering Pty Limited
Brisbane, Australia
12.2020 - Current
- Company Overview: UGL is a member of the CIMIC Group and an Australian company with annual revenue of approx
- $4 billion, employing over 9,000 people across Australia and New Zealand
- UGL is a specialist end-to-end engineering, services and operations provider
- The Projects Division is a world class provider of design, construction, operations and maintenance services to the energy, transportation, resources, communications and Defence sectors with annual revenue of approx
- $2 billion from six Lines of Business (LoB’s)
- Key business partner to all stakeholders providing critical information on the operating performance and financial results of the business
- Lead the preparation and delivery of reporting for Projects Division
- Monthly business result review and consolidation including all key monthly reports as part of Monthly reporting package
- Senior Finance Manager for New Energy LoB & Engineering LOB - Assist New Energy & Engineering General Managers to prepare and analyse financial and operational information, including identifying risks and opportunities and recommending improvements
- Month end review of project financial results for New Energy and Engineering LoB’s
- Review of project Cost To Complete (CTC) files which drive project revenue & profit recognition
- Troubleshooting on projects including attendance at project reviews and assistance as required on EOM project settlement & order book forecasting
- Provision of quality EIS, cost & other project reports meeting operational, divisional & corporate requirements ensuring that both contract managers & finance teams understand the detail in these reports
- Review of project cashflow forecasts including multi currency flows & cashflow hedges for New Energy LoB
- Provide insightful reports on key financial metrics and investigate any risks and opportunities that may affect the division, including development and update of monthly R&O analysis for LoB’s and Projects division
- Manage and drive a reduction in under claims & net contract debtors through development and review of monthly cash and NCD forecasts for New Energy LoB and Projects Division
- Budget & forecast preparation and reporting for Projects Division, New Energy LOB and Projects Mgmt LOB
- Provision of financial support to GM Finance and Projects finance teams (incl LOB's)
- Maintaining strong relationships with corporate to facilitate the achievement of Project Division goals
- Direct projects to develop or improve the business's financial reporting processes with the aim of continuous improvement
- Divisional lead for roll out of Onestream system as a replacement for BCS and IP (consolidation and forecast systems)
- Completed SME training for rollout of FPM on new projects in New Energy LOB
- Review of annual insurance & workers comp declarations
- Financial management of 3 offices, including lease accounting, cost control and internal recharges
- Preparation of RCM model for Engineering LoB
- Management of Projects Mgmt LoB, including all OH functional areas
- Management, training and development of 5 staff across the 3 LoB’s
- Attending monthly business review with MD, CFO & EGM as delegate of GM Finance
- Review and update of CRM data and tender projects
- Review of balance sheet reconciliations
- Responsible for set up of newly incorporated JV entity in SAP system, including project WBS, AR, AP, banking, delegations
- Upon formation of Projects Division in Dec 2020, trained finance team, established reporting processes and budget, updated reporting structures in SAP and consolidation system, recut comparatives
- Other adhoc projects such as development of business case for new LOB, technical accounting papers
- UGL is a member of the CIMIC Group and an Australian company with annual revenue of approx
- $4 billion, employing over 9,000 people across Australia and New Zealand
- UGL is a specialist end-to-end engineering, services and operations provider
- The Projects Division is a world class provider of design, construction, operations and maintenance services to the energy, transportation, resources, communications and Defence sectors with annual revenue of approx
- $2 billion from six Lines of Business (LoB’s)
Senior Accountant – Projects (Part time)
UGL Pty Limited
Sydney, Australia
02.2011 - 12.2020
- Responsible for providing key financial management advice across UGL by providing quality financial information, review and interpretation to assist in meeting business objectives
- I played an integral part in the application of financial controls, as well as meeting external reporting and compliance obligations
- Lead the preparation and delivery of financial reporting to CIMIC including statutory reporting packs, balance sheet, P&L and cashflow statement actuals and variance analysis
- Achieving successful audit clearance of the half year and annual financial reporting packs for UGL group
- Primary contact for the auditors for all non-project related queries
- Provide data analysis on information from various sources so as to deliver accurate and meaningful financial information and commercial interpretation to both internal stakeholders and external bodies eg asset acquisitions, JV classification and accounting, property lease negotiations
- Finance lead on financial accounting system changes such as the implementation of new financial reporting systems eg BCS and changes for new accounting standards eg AASB 16 (Leases)
- Support the Accounting Operations team as well as finance team’s across the business by providing technical accounting expertise as required
- Ensure compliance to statutory, external organization (eg QBCC) and Group policy requirements
- Participate in development, update and implementation of policies, procedures and practices, and contribute to continuous improvement initiatives
- Chart of Accounts control and maintenance (SAP)
- Maintenance of consolidation systems (BCS & HFM) including project management of system, report or master data changes
- Transition of accounting operations from overseas office to accounting operations team in Sydney
- Divisional balance sheet reviews – conducting, reporting and concluding on divisional balance sheet reviews
- Working with the businesses to improve and standardise reconciliation processes
- Involvement in acquisition and disposal accounting for various businesses / legal entities including Finance Lead in the design and implementation of the integration of DTZ (acquired subsidiary with 90 legal entities across multiple countries) into UGL systems
- Prepare financial statements for UGL Group and NZ subsidiary and manage the audit process for NZ
- Responsibility for share based payment and hedge accounting including maintenance of registers, organising valuations and preparation of accounting papers regarding treatment
- Preparation and review of financial information disclosed in press releases and presentations to the market, whilst UGL was a listed entity
- Completion of UGL emerging female leaders program
Financial Controller
UGL Services Pty Ltd
Sydney, Australia
08.2007 - 02.2011
- Provided an important interface between the business operations, divisional management and Corporate Head Office
- Recruitment, training and management of the financial accounting team (6 staff)
- Financial management support across the business including business operations, divisional management and Corporate Head Office
- Management and review of the statutory reporting for the division including audit clearance
- Delivery of management reporting including budgets and forecasts
- Delivery of cashflow forecasts
- Fulfilment of all tax compliance obligations
- Process improvement - development of systems to provide improved management information to all stakeholders allowing their active management of business performance and driving budget delivery
Group Financial Accountant
UGL Limited
Sydney, Australia
12.2005 - 08.2007
- Collection and consolidation of Group results
- Preparation of the half year and annual financial statements including audit clearance for ASX listed group
- Update of UGL financial policies and procedures
- Management and review of the Corporate Head Office accounting function including mentoring of Assistant Group Accountant
Chief Financial Accountant
Festival Mushroom Records
Sydney, Australia
11.2004 - 12.2005
Financial Accountant
Kleeneze UK Ltd
Bristol, England
11.2003 - 08.2004
Project Accountant
Radiodetection Ltd (UK)
Bristol, England
08.2003 - 11.2003
Financial Accountant
Festival Mushroom Records
Sydney, Australia
07.2001 - 07.2003
Cadet, Audit Division
Deloitte Touche Tohmatsu & Greenwood Challoner
Sydney, Australia
01.1998 - 07.2001
Education
Graduate Diploma -
Institute of Chartered Accountants in Australia
01.2003
Bachelor of Business - Accounting Major
University of Technology, Sydney
01.2002
Skills
- Financial reporting
- Project management
- Budget preparation
- Cashflow analysis
- Financial analysis
- Regulatory compliance
- Cost control
- Stakeholder management
- Team leadership
- System implementation
- Process improvement
- Business partnering
Professional Membership
- Current, Member of the Institute of Chartered Accountants Australia
References
References available upon request.
Timeline
Finance Manager
UGL Engineering Pty Limited
12.2020 - Current
Senior Accountant – Projects (Part time)
UGL Pty Limited
02.2011 - 12.2020
Financial Controller
UGL Services Pty Ltd
08.2007 - 02.2011
Group Financial Accountant
UGL Limited
12.2005 - 08.2007
Chief Financial Accountant
Festival Mushroom Records
11.2004 - 12.2005
Financial Accountant
Kleeneze UK Ltd
11.2003 - 08.2004
Project Accountant
Radiodetection Ltd (UK)
08.2003 - 11.2003
Financial Accountant
Festival Mushroom Records
07.2001 - 07.2003
Cadet, Audit Division
Deloitte Touche Tohmatsu & Greenwood Challoner
01.1998 - 07.2001
Graduate Diploma -
Institute of Chartered Accountants in Australia
Bachelor of Business - Accounting Major
University of Technology, Sydney
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