STEVE WATT
Summary
I am a commercially astute Chartered Accountant with broad financial management experience in wholesale and retail product-based industries, including hand tools, apparel and travel accessories, FMCG and earthmoving machine parts. I have wide-ranging systems experience with several ERP platforms, including NetSuite. I have been integrally involved in multi-national and private equity corporate activity and the subsequent acquisition integrations. I comfortably engage with all levels of internal stakeholders; including the operations and sales teams to boards of directors; and external stakeholders; including banks, customers and suppliers. I am a detail-oriented person, particularly adept at profitability, inventory, customer and supplier commercial analysis.
Overview
9
9
years of professional experience
Work History
Global Group Financial Controller
OX TOOLS GLOBAL
01.2019 - Current
- Transformed the Group reporting pack into a comprehensive user-driven document
- Shortened the monthly results reporting cycle for ANZ and the Group
- Incorporated the newly established businesses in the Netherlands and Canada into the global reporting structure
- Closely involved in commercial decisions such as pricing structure setting and new product development in ANZ
- Formulated and implemented a new incentive structure for the sales and operational teams in ANZ
- Formulated and implemented a foreign currency risk management policy in ANZ
- Raised banking facilities in ANZ
- Implemented the accounts receivables automation and business intelligence platforms
Financial Controller
INVESTEC GLOBAL AIRCRAFT FUND
11.2017 - 12.2018
- In accordance with the its mandate, the Fund's aircraft were being disposed of and the Fund wound up
- Successfully dealt with the accounting and tax complexity of the aircraft disposals and the liquidation of the underlying special purpose entities
- Identified income tax planning opportunities
- Recovered long outstanding GST and PAYG income tax refunds from the ATO and Irish Revenue Office
Head of Finance
A. ROYALE & CO
08.2017 - 10.2017
- Improved the weekly cash flow models to better reflect the available bank funding
- Revised previously approved budgets which were fundamentally incorrect
- Improved the credit approval process for new customer account applications
- Implemented the recommendations of the auditor's special engagement report relating to the superannuation and workers compensation contributions
Financial Controller
CHESWELL CAPITAL
06.2014 - 07.2017
- Implemented day-2 flash P&L reporting
- Implemented 4-4-5 week monthly reporting
- Reduced the time required to prepare month-end financial schedules and reports from four weeks to two weeks
- Established the off-shore back-office function of two bookkeepers and two data capturers
- Brought outsourced payroll function in-house
- Integrated three acquired stores
- Implemented new point-of-sale system for consistency of systems across stores
- Automated the weekly supplier payment runs
- Implemented the supplier rebate programme
- Improved the existing Excel financial modelling spreadsheets for budgets
- Implemented IT disaster recovery plans particularly relating to automated data back-ups, failover back-up data-line facilities for EFTPOS terminals and computer equipment and store-wide installation of UPS equipment
- Set-up internal control structures in the stores, particularly segregation of duties relating to the custody and recording of cash and inventory.
Skills
- Chartered Accountant (CAANZ)
- 10 years of experience in financial controller roles in Australia
- Experienced in several product-based industries
- Experienced in private equity owned businesses
- Experienced in global groups
- Experienced in acquisition integration
- Experienced in across-the-spectrum internal and external stakeholder engagement
- Experienced NetSuite user
Timeline
Global Group Financial Controller
OX TOOLS GLOBAL
01.2019 - Current
Financial Controller
INVESTEC GLOBAL AIRCRAFT FUND
11.2017 - 12.2018
Head of Finance
A. ROYALE & CO
08.2017 - 10.2017
Financial Controller
CHESWELL CAPITAL
06.2014 - 07.2017
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