Nick Romanello

Financial Controller

Synaco Global Recruitment

04.2019 - Current

Synaco Global Recruitment is a national recruitment organisation operating across all major Australian states. The company payrolls over 2,000 candidates weekly and delivers comprehensive services including payroll funding and permanent recruitment solutions. Synaco is a subsidiary of the Synergie Group, a global workforce solutions provider listed on the New York Stock Exchange. In my role as Financial Controller, I report directly to the Managing Director and oversee financial operations, compliance, and strategic reporting.
Responsibilities:
Compliance of day-to-day operations
Coordinating Yearly & Half-Yearly Audit:
International Reporting: Monthly/Yearly and Adhock
Monthly performance report
Cashflow management
IFRIS 16: Lease reporting
Ensuring compliance with statutory law and financial regulations:
Leasing with External Tax Accounts
Year-end Tax
FX conversion calculation
Management Accounting
Management of cashflows, weekly/monthly/Yearly
Capital Raising and refinancing
End to End accounts receivables
National Reporting Weekly Monthly:
Weekly Margin Report;
Group Budgets Vs Actual;
State Budgets Vs Actual;
Accounts Payable Management – Centralized national in Adelaide:
Month End – Management Reporting:
Reconciliation of balance sheet account (prepayments, work cover, super, wage liability, loan accounts, bank reconciliations and Lease Liability);
Review and reconciliation of P&L Account (revenue, salaries & wages, rents, work cover splits and overall accuracy of the accounts);
Annual budget preparation:
Internationally
State/Company/Group
FTE Budget
Company Performance
Profitability of Temp/Perm/Payroll Funding
Debtor balance and Gross Profit Analysis
Business/Commercial development
System upgrades – Responsible for implementing the below system changes
Payrolling software Fasttrack to Recruit Online
MYOB account right to MYOB advance (ERP system)
Integrate HR system for Internal Staff (Employment Hero)
Credit Analyses System (Creditor Watch)
Digital Filling system (Sharepoint)
Qantas Business Account
Uber for Business
B2B Pay – Credit card payment platform
Stakeholder management:
Proactively engaging and managing external relationships with financiers, legal counsel, auditors and insurers:
Identifying areas to improve business efficiencies and reduce costs:
Working closely with the Executive Leadership team to deliver reports, analysis findings, potential risk areas and forecast opportunities:
Oversee Financial Systems and external providers of systems management and system upgrades:
Relationship management with key clients
Leadership/Management
Oversee a team of 5
Professional development
Goals and incentive schemes
Succession planning
One – Ones
Yearly performance reviews
Leadership Team
Bridging the gap between Finance and strategy
Coaching on impacts of poor debtor management
Implementation of new processes
Monthly meeting on P&L performance
Reviewing Historical trends
Educating on international reporting requirements
Developed and implemented budgeting strategies, enhancing financial planning and resource allocation efficiency.
Oversaw month-end close activities, streamlining reconciliation processes for improved operational effectiveness.
Analyzed variances between actual results and forecasts, providing actionable insights to senior management for strategic decision-making.
Managed cash flow forecasting, optimizing working capital utilization to support business objectives effectively.
Managed payroll data entry and processing for [Number] employees to comply with predetermined company guidelines.
Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
Managed a team of finance professionals, providing guidance, support, and ongoing training to ensure continued growth and development.
Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.
Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.
Prepared accurate financial reports and monthly statements for accounts receivable.
Developed comprehensive financial models for strategic planning and decision-making purposes.
Identified areas for operational improvement through detailed financial analysis, leading to increased profitability and reduced expenses.
Supported executive-level decision making through the development of clear KPIs, financial metrics and dashboards.
Prepared balance sheets, cash flow reports and income statements.
Spearheaded the implementation of new accounting software, resulting in increased efficiency and improved financial tracking capabilities.
Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
Accurately completed financial statement audits and thoroughly reviewed results.
Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
Managed daily financial functions in collaboration with accounting and payroll personnel.
Introduced internal controls to monitor critical areas of financial control and devised [Type] corrective actions to address risks or deficiencies.
Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
Created and distributed reports on internal and external finances, audits, and budgets.
Managed outstanding balance amounts by evaluating reports and determining collection statuses.
Increased flow of financial information throughout company by improving communication strategies.
Reviewed processes and procedures to guide program implementation and optimize auditing.
Supported program managers in providing procedural training on finance and accounting.
Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.
Used [Software] and [Software] to prepare external audit documentation and financial reports to assist management in operational planning and key decision making.
Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.