2001 Present
Invensys Controls UK Limited, Plymouth, Devon
Invensys Controls (formerly Ranco) is an Invensys plc Group company (28,000 employees worldwide, £2.6 billion turnover) which markets, designs, engineers, manufactures and sells controls, systems and services for the heating and safety industries at home and abroad. With 400+ employees, it has an annual turnover of approximately £60m.
2004 Present
Invensys Controls UK Limited Deputy Finance Manager & UK Cost Manager
A team of 10, with 2 qualified accountants.
Achievements
Increased profitability through preparation and issue of relevant management reporting and analysis, through introduction of function-specific reports for decision making and by the introduction and development of MS Access and Intranet reports achieved overhead savings of 13% and direct productivity improvements of 20%.
Ensured quality Standard Costing system and relevant / accurate variance analysis enabling profits to be maximised by targeting margins and costs.
Instigated faster, more accurate and improved month-end closes and monthly forecasting, by better use of systems, processes and team management / development enabled month-end to be closed by mid-day of Day 2 and Forecast to be completed by EOD Day 4 (improvements of 2+ days).
Launched and Led Daily Reporting and Monitoring of Sales and Order position, by creating system to report position by 09.00 each day challenging sales performance, ensuring correct headcount levels and highlighting potential shortfalls / gains improved productivity by 20% together with associated cost and inventory savings.
DPO and Cash improvements, by training, ensuring adherence to payment terms, prompt posting of invoices and through the introduction of BACS improved Cash Flow and DPOs and DSOs by 5+ days.
Raised level of Bridge / Variance analysis, by creating semi-automatic analysis of monthly results providing more accurate and informative results within 3 hours of month close.
Main contributor in Inventory management. Providing necessary reports and advice, by introducing and managing Perpetual Inventory and monitoring potential obsolescence achieved a £1.4m reduction in Inventory held (whilst still ensuring Customer satisfaction) and improved Turns from 5.2 to 7.7.
Ensured costs were controlled and minimised by liaising with Supply Chain team and function leaders achieving Operating Profit of 5% more than planned.
Attended and participated in European Management meetings ensuring understanding of global business and representing the UK.
Finance representative in Engineering and Marketing team for new products development ensuring cost control and profitability.
2001 2004 Invensys Controls UK Limited - UK Financial Accountant
Achievements
Implemented improvements in Cash management, forecasting and reporting, by: Introducing On-Line Payment and Reporting system, creating Excel Forecasting tools and initiating procedures improved Operating Cash to 33% better than planned.
Implemented improvements and provided training in use of ERP, MS Office & Hyperion Group Reporting systems, by creating linked and appropriate reports that assisted management decision making improved profitability through control of costs.
Significantly improved quality of Control Account Reconciliations, by introducing discipline of monthly reconciliations achieved successful year-end audits and improved Company results and forecasting.
Location
Post Code: PL6 6QT
Website
www.invensyscontrols.com/InvensysControls/en
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Digistat
Tempus
7 Programmer
TRV4