Lorraine Hyman
Staines-upon-Thames,Middx
Summary
Detail-oriented professional with expertise in cash flow management, financial forecasting, and cost-reduction strategies. Proficient in management accounting, VAT returns, and reporting and documentation, with advanced knowledge of Xero software. Adept at streamlining financial processes to enhance efficiency and accuracy. Leverage strong leadership and communication skills to optimise team performance and stakeholder engagement.
Overview
30
30
years of professional experience
6
6
years of post-secondary education
1
1
Certification
Work history
Finance Manager
Adams & Oliver Ltd
Staines
2015.09 - 2025.03
- Overall control of the complete financial administration and management information of the company
- Oversee the Accounts Receivable and Payable functions
- Ensuring contractors are paid within agreed terms and all time worked is recharged to the client
- Manage cashflow and the Invoice Discounting Facility, including monthly reconciliations of IDF and maintaining a cashflow forecast
- Produce monthly management accounts, with analysis against plan/forecast and a rolling forecast
- Manage payroll, the calculation of incentive payments for the sales team and related payments to HMRC
- Prepare and submit quarterly VAT returns and Employment Intermediary report to HMRC
- Manage the onboarding process for new contractors
- Ensuring all screening is completed, contracts received from clients and issued to contractors before commencement of assignments
- Manage extensions to contractors’ current contracts
- Laise with clients to ensure extensions are processed in a timely manner and new contracts issued
- Company Secretary since February 2020
- Maintain HR records of company employees, including managing employee benefits
- Main contact with Accountants to ensure statutory reporting is completed with timeframes
Self Employed Bookkeeper
Self Employed Bookkeeper
2014.08 - 2015.09
- Working as a self-employed bookkeeper for a Mechanical Engineering partnership
- My main responsibilities include:
- Maintaining and keeping up to date the businesses Sage program
- Processing purchase invoices and ensuring creditors are paid within agreed terms
- Raising sales invoices
- Processing weekly payroll for four employees, submitting reports and payments to HMRC within timeframes
- Submitting monthly CIS report to HMRC and making payment of any deductions made from sub-contractors
- Bank Reconciliation
- Reporting on job costing to ensure businesses profit margins are being met
Book Keeper/Accountant
BHP Mechanical Ltd
Feltham, UK
2012.07 - 2014.07
- Processing of purchase ledger invoices, ensuring all invoices are authorised, posted to Sage and paid within agreed credit terms
- Ensuring all job costs are entered on the database prior to sales invoices being raised
- Processing sales ledger invoices from Sage and sending them by post or email to clients
- Preparing monthly aged debt reports for the MD, sending out monthly statements and chasing overdue debt on a regular basis
- Allocating bank receipts and payments to the ledgers and reconciling the bank account to Sage
- Preparing monthly management accounts and cash flow forecast
- Prepare and submit quarterly VAT returns
- Weekly payroll for 9 employees, ensuring PAYE/NI deductions are submitted to HMRC within timeframes
- Maintaining accurate records of employee mileage and expenses paid via payroll
- Submitting monthly CIS report to HMRC and making payment of any deductions made from sub-contractors
Finance Manager
TUI UK Ltd
Kingston-Upon-Thames, UK
2005.02 - 2007.09
- Company Overview: Specialist Tour Operations
- Oversee the preparation of accurate monthly management accounts, ensuring they were reported to a preset timetable
- To submit monthly forecasts of cost of sales and marketing to the group reporting division and senior management
- To produce detailed annual budgets of the cost of sales and marketing
- To ensure all costs are loaded accurately on the reservations system so the forward margins can be reported
- To oversee the reporting of forward margins, ensuring that any variances against forecast were fully investigated
- Managing a team of two
- Other duties included reconciliation of the balance sheet, providing commercial support to the management team, liaising with central processing to ensure division’s assets and liabilities were correctly reported
- Specialist Tour Operations
Business Reporting Manager
TUI UK Ltd
Kingston-Upon-Thames, UK
2003.12 - 2005.02
- Company Overview: Specialist Tour Operations
- Preparation of the monthly management accounts
- This involved ensuring all revenues and costs were reported accurately, that all products were meeting their expected margins and any discrepancies were investigated and resolved
- To produce a forecast of the cost of sales on a quarterly basis
- Other duties include reporting on future margins, and responsibility of the balance sheet to ensure all accounts were reconciled on a monthly basis and any accruals and prepayments were released in a timely manner
- Specialist Tour Operations
Management Accountant
TUI UK Ltd
Kingston-Upon-Thames, UK
2002.01 - 2003.12
- Company Overview: Specialist Tour Operations
- Included assisting in the preparation of the monthly management accounts
- Responsibility of the overhead and marketing reporting, holding regular meetings with budget holders to discuss future plans that may have an impact on their budgets
- This information was then used to prepare monthly forecasts
- Assisting with the budget for the following year
- Other duties included managing and reconciling the balance sheet accounts and ensuring timely release of accruals and prepayments
- Specialist Tour Operations
Treasury Manager
TUI UK Ltd
2001.06 - 2002.01
- Company Overview: Specialist Tour Operations
- This was a six month placement following the amalgamation of the Treasury departments of four divisions into one
- My role was to ensure that the transition for all seven staff went smoothly and that the working practices could be streamlined
- This involved implementing a new automated bank reconciliation system and cheque processing package
- We reconciled over 100 bank accounts in sterling and foreign currencies, raising cheques or bank transfers to numerous suppliers
- Specialist Tour Operations
Cash controller
TUI UK Ltd
2000.08 - 2001.06
- Company Overview: Specialist Tour Operations
- This covered both credit control and banking within the Shortbreaks division
- My team of two ensured all cash was collected within the payment terms and no tickets were issued for holidays unless full payment was received
- We reconciled 2 sterling and 8 foreign bank accounts
- Specialist Tour Operations
Assistant Cashiering Supervisor
Hammicks Bookshops
Feltham, UK
1999.04 - 2000.08
Cashier
Sunrise Medical Ltd
Wollaston, UK
1997.05 - 1999.04
Credit Controller
Tigi Haircare
Feltham, UK
1997.01 - 1997.04
Credit controller
Alpha Supplies Ltd
Heathrow, UK
1995.08 - 1996.12
Sales Ledger Clerk
Merisel UK Ltd
Brentford
1994.10 - 1995.07
Education
BTEC First and National Diploma - Business and Finance
Spelthorne College
Ashford, Middlesex 1991.09 - 1994.05
GCSEs -
The Ashford High School
Ashford, Middlesex 1987.09 - 1991.06
Skills
- Cash flow management
- Reporting and documentation
- Management accounting
- VAT returns
- Xero proficient
- Financial Forecasting
- Cost-reduction strategies
Personal Information
Nationality: British
Certification
FCCA - member since November 2005
Timeline
Finance Manager
Adams & Oliver Ltd
2015.09 - 2025.03
Self Employed Bookkeeper
Self Employed Bookkeeper
2014.08 - 2015.09
Book Keeper/Accountant
BHP Mechanical Ltd
2012.07 - 2014.07
Finance Manager
TUI UK Ltd
2005.02 - 2007.09
Business Reporting Manager
TUI UK Ltd
2003.12 - 2005.02
Management Accountant
TUI UK Ltd
2002.01 - 2003.12
Treasury Manager
TUI UK Ltd
2001.06 - 2002.01
Cash controller
TUI UK Ltd
2000.08 - 2001.06
Assistant Cashiering Supervisor
Hammicks Bookshops
1999.04 - 2000.08
Cashier
Sunrise Medical Ltd
1997.05 - 1999.04
Credit Controller
Tigi Haircare
1997.01 - 1997.04
Credit controller
Alpha Supplies Ltd
1995.08 - 1996.12
Sales Ledger Clerk
Merisel UK Ltd
1994.10 - 1995.07
BTEC First and National Diploma - Business and Finance
Spelthorne College
1991.09 - 1994.05
GCSEs -
The Ashford High School
1987.09 - 1991.06