World affairs
Edward Fraser
Beckenham
Summary
ACCA member with experience across various industries in the UK, Australia and New Zealand. Continually technically up to date with UKGAAP – (FRS102 et al), IFRS and USGAAP coupled with practical exposure some of which is detailed below on entities current and previously engaged. Nominated for Young Accountant of the year whilst at Moore Stephens.
Overview
35
35
years of professional experience
1
1
Language
Work History
Head of Finance
Tomorrow London Holdings Limited
01.2024 - Current
- Company Overview: Headquartered in London, Tomorrow is a multi-service business accelerator for fashion brands, with showrooms in London, Milan, Paris, New York and Shanghai. The group helps established and emerging brands to develop and achieve sustainable growth through a fully integrated service offering, including direct investment, sales, distribution, consultancy and production.
- Responsibility for ensuring the NetSuite general ledger were accurate and updated appropriately for all 24 Companies.
- Spendesk approval of all expenses for senior management.
- Review and approve all bank transfers and payments through Coutts Bank in London.
- Producing daily cash forecasts for the Group as part of wider treasury management function.
- Ensure the necessary controls, authority levels and checks are in place to safeguard the Group’s financial assets.
- Prepared year-end statutory financial statements for UK companies and arranging the audit of all overseas Companies.
- Prepared reconciliations of final GAAP reports to statutory financial statements for the year.
- Manage the statutory audit of each entity with local Grant Thornton audit teams.
- Collect, prepare, and design model for impairment reviews, reviews of the cash pool and intercompany debt recoverability issues.
- Ensure all the necessary information was collected and processed to provide Grant Thornton with the consolidation and financial statements to audit.
- After audit, ensure the necessary arrangements are in place to obtain board approval for financial statements and arrange filing with the appropriate body.
- Responsible for Accounts Payable for the UK & Italian companies (3 way matching, GRNI rec, payment runs, etc)
- VAT returns preparation and filing.
- Provide local tax managers with regular tax analysis to ensure any issues are dealt with in a timely manner to avoid any misstatements in Hyperion.
- Provided local Grant Thornton tax teams with profit forecasts to ensure appropriate tax instalments were made.
- Responsible for 6 direct reports in the UK
- Headquartered in London, Tomorrow is a multi-service business accelerator for fashion brands, with showrooms in London, Milan, Paris, New York and Shanghai. The group helps established and emerging brands to develop and achieve sustainable growth through a fully integrated service offering, including direct investment, sales, distribution, consultancy and production.
- Provided senior management with strategic financial insights for informed decision making.
Group Accountant – (contract)
Amtivo Group Limited
09.2022 - 10.2023
- Company Overview: The Amtivo Group is a leading accredited assurance service provider with operations in the UK, Ireland, Italy, China, Norway and more recently the USA. The Amtivo Group was acquired in November 2022 by Charterhouse Capital Partners which is a private equity investment firm.
- Finalising the Group consolidated statutory financial statements for the year ended 31 December 2021 for the parent and all its subsidiaries (29 trading companies in total).
- Soley implementing Caseware reporting software to enable the preparation of the annual financial statements to be brought back in-house, thus saving the Group circa £400,000 annually in outsourcing costs.
- Roll forward 31 December 2021 consolidation workings and complete the statutory financial statements for the year ended 31 December 2022 for the parent and all its subsidiaries (32 trading companies in total) using Caseware software, again solely.
- Drafting transfer pricing documentation for UK, China, Italy & Japan trade and benchmark inter-group interest.
- Preparing all journal entries required for the Group restructure which involved hive-ups, transfers of assets and trade and distributions in specie.
- Analysing and interpretating the step plan documentation from lawyers for the sale and purchase of the Group and preparing all journal entries required to create the trial balances for the new parent company and newly created financing subsidiaries.
- Main point of contact for the auditors and KPMG for corporation tax and transfer pricing.
- Assisting with month-end by reviewing reconciliations, lending best practice methods, assisting staff with excel and word issues and FRS 102 related queries to name a few.
- Worked with KPMG in preparing current and deferred tax computations and notes for the financial statements.
- Assisting with VAT returns and queries as they arose.
- The Amtivo Group is a leading accredited assurance service provider with operations in the UK, Ireland, Italy, China, Norway and more recently the USA. The Amtivo Group was acquired in November 2022 by Charterhouse Capital Partners which is a private equity investment firm.
Finance Manager – (contract)
GSK Plc
12.2021 - 09.2022
- Company Overview: The main remit of this assignment was to ensure the de-merger of the GSK / Pfizer joint venture business a £10bn business went smoothly given that the all the finance staff on the joint venture project were made redundant.
- Managing the preparation of monthly and quarterly finance reports for board of directors
- Managing 14 direct reports
- Drafting the IAS 24 interim model accounts for Haleon Plc using data from GSK Plc segment
- The main remit of this assignment was to ensure the de-merger of the GSK / Pfizer joint venture business a £10bn business went smoothly given that the all the finance staff on the joint venture project were made redundant.
Group Accountant – (contract)
Coats Plc
06.2021 - 12.2021
- Company Overview: Coats Group plc is a British multi-national company. It is the world's largest manufacturer and distributor of sewing thread and supplies, and the second-largest manufacturer of zips and fasteners. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
- Monthly Group consolidation and review of results and preparing commentary for the Group Chief Accountant.
- Group cash flow statement preparation and analysis.
- Treasury and holding companies’ monthly management accounts reporting in SAP.
- Technical IFRS accounting support and review of accounting treatments and judgements across the Group
- Coats Group plc is a British multi-national company. It is the world's largest manufacturer and distributor of sewing thread and supplies, and the second-largest manufacturer of zips and fasteners. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
EU Finance Manager – (contract)
Emerson Electric U.K. Limited
06.2019 - 06.2021
- Company Overview: Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets.
- Reporting to the Director of Finance I was based in the UK Corporate Head office in London and shared the responsibility for circa 191 companies which included 32 holding companies All these companies were actively trading.
- Supervised and controlled the monthly reporting processes of the European Holding companies of Emerson Europe. Controlled the statutory reporting/audit and preparation of annual statutory financial statements. Ensured the accurate tax reporting for European holding companies in line with US and European requirements, on a quarterly and an annual basis.
- Responsibility for ensuring general ledgers were accurate and updated appropriately and that entries were recorded; bank recs are prepared, and relevant supporting documentation is in place.
- Hyperion reporting both auto-loading, manual loading, consolidation and checking of final financial reports. Review and sign off on financial reporting completed by junior staff.
- Ensure the necessary controls, authority levels and checks are in place to safeguard Emerson assets including Emerson’s Wire Transfer Programme and disbursements controls.
- Prepared year-end statutory financial statements for the UK companies.
- Prepared reconciliations of final GAAP reports to statutory financial statements for the year.
- Collect, prepare, and design model for impairment reviews, reviews of the cash pool and intercompany debt recoverability issues.
- VAT returns preparation and filing.
- Ensured the integrity of the US tax reporting by updating One Source Tax Provision (OTP) and agreeing with Hyperion.
- On an annual basis review and submission of US Tax packs. Provide necessary detail for US tax department to completely their annual SOX review of tax accruals.
- Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets.
Financial Accountant – (contract)
Transport for London
02.2019 - 06.2019
- Responsible for preparing financial statements for TFL and 32 subsidiaries.
Technical Consultant – (contract)
Association of Chartered Certified Accountants (ACCA)
09.2018 - 01.2019
- Company Overview: The remit of this assignment was to assist the ACCA with the increased volume of technical queries it received during a period of international re-organisation.
- Responsible for responding to email queries from accountants in the UK and Europe daily, 697 in total.
- Drafting an article on Consolidated Financial Statements for inclusion in the ACCA monthly members magazine.
- Providing one on one training to one other new technical consultant at ACCA on Group Accounting.
- The remit of this assignment was to assist the ACCA with the increased volume of technical queries it received during a period of international re-organisation.
Technical Accountant – (contract)
Tony Blair Institute for Global Change (TBI)
06.2018 - 09.2018
- Company Overview: The Tony Blair Institute for Global Change (TBI) was setup by Tony Blair in December 2016. TBI aims to help make globalisation work for developing countries.
- One was responsible for preparing and filing the group financial statements for the Group. This involved accounting for a complex merger and reporting in US Dollars (something TBI had not previously done being a newly established business).
- The financial statements were completed one month ahead of the due date for filing at Companies House and releasing to the media.
- The Tony Blair Institute for Global Change (TBI) was setup by Tony Blair in December 2016. TBI aims to help make globalisation work for developing countries.
Technical Accountant – (contract)
HCA International Limited
02.2016 - 06.2018
- Company Overview: HCA International Ltd is a subsidiary of Hospital Corporation of America Inc. It caters for around half of all private patients in London and runs three NHS joint ventures, renting building space from public hospitals exclusively for private treatment.
- On this assignment my main remit was to coordinate and execute the transition from old UK GAAP to FRS 102. I was responsible for implementing and preparing the financial statements for 47 companies and 11 LLPs all based on Excel etbs and Microsoft word.
- FRS102 Impact Analysis & Financial Statement Preparation for 58 entities for 2015, 2016 & 2017.
- Acting as the main contact within HCA International Limited to facilitate the preparation of the first set of financial statements to comply with FRS 102 in the UK for all 47 companies and 11 LLPs.
- Prior to implementing any changes several workshops were attended and an impact assessment was undertaken for all the entities in the UK.
- More specifically this covered: We also had to assess each lease for any potential make good costs on exiting the respective leases and making the required provisions in the respective financial statements to reflect the existence of these clauses in the lease agreements.
- Impairment – impairment reviews were carried out for two major classes of assets, goodwill and investments in subsidiaries.
- Cashflow – I had the sole responsibility for preparing the group’s monthly cashflow statement under USGAAP for submission to the ultimate parent company in the USA.
- Investment Property – under FRS 102 Section 16 four rental properties were reclassified from tangible fixed assets to investment property.
- Functional Currency – Reviewing the reporting currency for all entities and executing change for two entities from GBP to EURO due to: the primary economic environment in which the entity operated & funds from which financing activities were generated and to a lesser extent the currency from which operating activities were retained.
- Group Mergers & Acquisitions – accounting, fait value assessment & preparing working papers.
- Financial Instruments – implementing new accounting policies for directive contracts.
- Financial Statements – manual preparation and facilitating the audit process for 58 entities.
- HCA International Ltd is a subsidiary of Hospital Corporation of America Inc. It caters for around half of all private patients in London and runs three NHS joint ventures, renting building space from public hospitals exclusively for private treatment.
Assistant Finance Director – (contract)
Hornby Plc
06.2015 - 01.2016
- Company Overview: Hornby has been a British household name as far back as 1901 for model railways. Today the group also owns major brands such as Airfix, Corgi and Scalextric to name a few.
- I was brought in to help change and improve processes in finance after the group implemented Microsoft Dynamics AX.
- Hornby has been a British household name as far back as 1901 for model railways. Today the group also owns major brands such as Airfix, Corgi and Scalextric to name a few.
Financial Controller
Sydney City Electrical Wholesalers
12.2010 - 06.2012
- Company Overview: Suppliers of electrical fittings to the construction sector.
- Responsibility for all financial control, taxation and compliance matters in the company.
- Responsible for 6 members of staff and three branch managers and their staff.
- Reporting to the directors on all financial aspects of the company's performance.
- Suppliers of electrical fittings to the construction sector.
Financial Controller
HPM Industries Pty Ltd
01.2008 - 11.2010
- Company Overview: HPM Industries Ltd is a business unit of the HPM Group, manufacturing electrical systems for domestic and commercial use. HPM is part of the Legrand multinational group of companies.
- Provided timely monthly management reports for internal use.
- GST (VAT) returns.
- Personal tax returns for directors.
- Prepare and lodged Company tax return with.
- Supervised the year-end financial reports and facilitating the end of year audit process for Ernst & Young.
- HPM Industries Ltd is a business unit of the HPM Group, manufacturing electrical systems for domestic and commercial use. HPM is part of the Legrand multinational group of companies.
Contract Accountant
Various
07.2006 - 12.2007
Contract Accountant
Various
11.2004 - 06.2006
- Served as a key point of contact for external auditors during annual reviews, providing necessary documentation and clarifications promptly.
Group Financial Accountant
English Welsh and Scottish Railway Group Limited
01.2000 - 10.2004
- Provided monthly UKGAAP management reports to the CFO.
- Prepared year-end UKGAAP statutory accounts, including leading the audit process in conjunction with KPMG.
- Managed a team of finance staff with direct reports in London and Doncaster.
- Group forecasting and budgeting on a quarterly basis.
Senior Accountant / Auditor
Audit New Zealand
06.1998 - 12.1999
Senior Accountant
Moore Stephens Chartered Accountants
01.1991 - 06.1998
- Gained core accounting, tax and auditing experience over a 7-year period.
- Pension scheme audits.
- Nominated for young accountant of the year 1995.
Education
BTEC National Certificate - Business and Finance
BTEC National Certificate Business and Finance
BTEC First Diploma - Business and Finance
BTEC First Diploma Business and Finance
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St Jago Grammar School
Skills
- Oracle Financials
- Hyperion Financial Management
- SAP FICO
- JD Edwards Enterprise One
- Sun Microsystems
- PeopleSoft Financials
- NetSuite
- Microsoft Dynamics AX
- Caseware
- QuickBooks
- Opera 3
Business process improvement
Project finance management
Regulatory compliance
Working capital management
Financial systems integration
Cash flow management
Continuous learning mindset
Accounting principles
Tax planning and compliance
Corporate governance
Audit coordination
Mergers and acquisitions experience
Financial operations streamlining
Home
0208 658 2886
Systems And It Skills
- Oracle Financials
- Hyperion Financial Management
- SAP FICO certified
- JD Edwards Enterprise One
- Sun Microsystems
- PeopleSoft Financials
- NetSuite
- Microsoft Dynamics AX
- Caseware
- QuickBooks
- Opera 3
- Microsoft Dynamics NAV
- MYOB
- Sage 200 & Sage 50
- Microsoft Office - Excel, Access, Word & Power Point
- Cognos
Interests
Timeline
Head of Finance
Tomorrow London Holdings Limited
01.2024 - Current
Group Accountant – (contract)
Amtivo Group Limited
09.2022 - 10.2023
Finance Manager – (contract)
GSK Plc
12.2021 - 09.2022
Group Accountant – (contract)
Coats Plc
06.2021 - 12.2021
EU Finance Manager – (contract)
Emerson Electric U.K. Limited
06.2019 - 06.2021
Financial Accountant – (contract)
Transport for London
02.2019 - 06.2019
Technical Consultant – (contract)
Association of Chartered Certified Accountants (ACCA)
09.2018 - 01.2019
Technical Accountant – (contract)
Tony Blair Institute for Global Change (TBI)
06.2018 - 09.2018
Technical Accountant – (contract)
HCA International Limited
02.2016 - 06.2018
Assistant Finance Director – (contract)
Hornby Plc
06.2015 - 01.2016
Financial Controller
Sydney City Electrical Wholesalers
12.2010 - 06.2012
Financial Controller
HPM Industries Pty Ltd
01.2008 - 11.2010
Contract Accountant
Various
07.2006 - 12.2007
Contract Accountant
Various
11.2004 - 06.2006
Group Financial Accountant
English Welsh and Scottish Railway Group Limited
01.2000 - 10.2004
Senior Accountant / Auditor
Audit New Zealand
06.1998 - 12.1999
Senior Accountant
Moore Stephens Chartered Accountants
01.1991 - 06.1998
BTEC First Diploma - Business and Finance
BTEC First Diploma Business and Finance
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St Jago Grammar School
BTEC National Certificate - Business and Finance
BTEC National Certificate Business and Finance
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