Management Accounting

Location:

Ingleburn, NSW, 2565, Australia

Salary:

80000

Posted:

August 10, 2016

Contact this candidate

Resume:

Stafford Mascurine

** ***** **, *********, **** NSW

**************@*******.***

Mobile: 042*-***-***

Career Objective:

My twenty years in accounting has brought me invaluable technical knowledge and experience in problem solving and customer relations. I am looking for a suitable role where I can utilize my previous experiences while continuing to further my career.

Qualifications:

1991 - B’Com Bombay University: Main units include Financial Accounting, Costing, Income Tax, Business Management, Mathematics, Statistics and Auditing

1994 - M’Com Bombay University – Main units include Financial Management, Financial Accounting, Management Accounting, Costing, Business Economics

Units passed and syllabus verified by department of education of NSW and certified as equivalent to an Australian Masters Degree

2008 - CPA Australia- Main units include Tax, Strategic Management Accounting, Strategic Business Leadership, Audit and Assurance Services, Corporate Reporting and Corporate Governance.

Highlights of Qualifications:

• Excellent ability to prepare reports and business correspondence. • In depth knowledge of standard cost and inventory management. • Excellent working knowledge of management and financial accounting. • Strong knowledge of query, reporting and data analysis tools. • Remarkable ability to calculate figures and amounts such as discounts, interest, commissions, and percentages. • Excellent written and verbal communication skills. • Ability to understand and follow written and verbal instructions. • Strong organizational, problem-solving, and analytical skills. • Ability to work independently and as well as a member of team. • Trustworthy individual with strong ethics and integrity.

System Skills:

SAP R3, AS400, MYOB, Navision, Micro pay, Oracle R12, Hyperion.

Intermediate to advance level of EXCEL, Power Point and Word.

Work Experience:

Summary : Over 18 years group accounting experience in varied industry area including month end and year end consolidated reports, balance sheet reconciliation, project accounting, fixed asset maintenance, budgeting and forecasting, FBT, GST/BAS and payroll tax, cash flow reporting and variance analysis. Strong analytical skills and my ability to use those skills to see all sides of a problem, highly effective communication skills and ability to work with all types of people.

BAE Systems (Tamworth) July 2015 to October 2015

Project Accountant (Leave Vacancy Contract)

oPreparation of monthly financial reports for flight, ground training and aircraft maintenance.

oAllocate capital expenditure and depreciation between projects.

oPrepared journal entries to record fixed asset activity.

oAdvised project managers on improper or overspending issues on capital expenditure.

oPrepared contract status review packs.

oReport on monthly operating profit by profit centre and explain variances from budget.

oReport on headcount and labour cost analysis.

oReport weekly cash forecasts and prepare cost budgets.

oMaintain variations on price and escalations to contract based on contract terms.

oPrepared and maintained sales margin trading plan.

oIdentify and report on KPI’s and analyse variances.

oIdentify and report on areas of concern and risk analysis as well as manage burn down of risk.

oMonitor work in progress movements and costs absorption into project.

oReported monthly on estimate at completion and analysis of costs incurred.

oProvide management with reports comparing factors affecting profitability and explaining monthly budget variances to senior management.

oPrepare month end journals and general ledger reconciliations.

oInventory analysis and monthly stock takes.

Responsible for the entire costing function that includes monitoring of work in progress and update overhead absorption rates and prepare progress reports on civil aircraft assembly. Highlight any issues to management

Self Employed: February 2014 to December 2014

oPrepare tax returns for individuals and small businesses.

oBookkeeping, payroll and helped to set up an accounting as well as inventory system and documented processes for Clark Rubber (Brookvale).Recruited and trained staff.

Australian Aerospace Ltd (EADS Group) February 2005 to August 2013

(Bankstown, Sydney)

This company is a subsidiary of Eurocopter and is part of the European Air Defence and Space Group that includes Airbus with a global turnover in excess of Eur 56.5 billion. Prime business is the assembling and maintenance of civil and military helicopters in Australia and New Zealand as well as maintenance of fixed wing aircraft for the military with over AUD 5.8 billion in defence contracts in Australia.

Cost and Management Accountant April 2009 to August 2013

oInvolved in implementation of SAP R3 system and testing of costing and financial modules.

oPrepare analysis of monthly profit and loss by profit centre and report on variances.

oCheck the accuracy of bill of material postings with standard costs and routing analysis for aircraft assembly.

oEvaluated actual aircraft assembling costs and prepared periodic reports comparing budgeted costs to actual production costs. Suggested and deployed actions to improve revenue and profits.

oPrepared budgets for capital expenditure by profit centre. Assigned and monitored capex.

oWorked closely with project initiators in order to gather information on the status of capital projects, identify and advise project managers on issues relating to improper or overspending on projects.

oAllocate depreciation expenditure to projects.

oUsed capital budgeting techniques for feasibility studies on capital expenditure proposals.

oProvide management with reports comparing factors affecting prices and profitability of products and explaining monthly budget variances to senior management.

oResponsible for the entire costing function that includes monitoring of work in progress and update overhead absorption rates and prepare progress reports on civil aircraft assembly. Highlight any issues to management.

oResponsible for opening, invoicing and closing of all jobs and sub jobs for projects, ensure all costs are charged and margins are maintained. Prepare monthly progress reports on the Tiger Helicopter project.

oPrepare variance analysis, identify and report on key performance indicators.

oPrepare cash forecasts and capital budgets as well as assist the managers in preparing tenders for civil aircraft projects. Monitor the movement of capital assets.

oInvoicing on civil aircraft jobs.

oMonitor and report on the performance of monthly sales of aircraft spares and accessories and analysis of inventory movements. Identify slow and fast moving items, track expiry dates and ensure landed costs are absorbed proportionately.

oIdentify and monitor key performance indicators. Ex Subcontractors costs, labour hour’s wastage and overtime costs.

oAnalyse direct and indirect costs and revenue by profit centre. Standard costing variance analysis such as purchase price variance, material usage variance, labour variances from standard cost etc.

oCheck the bills of material (BOMS) and routing analysis to work centres.

oKept strict inventory control and worked with logistics manager on global supply chain projects. Prepare and post inventory provision journals supported by workings.

oManage the entire stock take procedure on SAP.

oDocument all costing and inventory processes in SAP.

oGenerated detailed financial and operational projection’s (i.e. revenues by region and product, expenses for each department and project, capital expenditure)

oIdentify and implement changes to rectify processes resulting in improvement of operational efficiency of profit centres. Recommended and successfully introduced the electronic process for swiping labour cards to jobs.

oResponsible for allocated General Ledger reconciliations and month end journal entries.

oPrepare monthly management information packs and attend monthly management meetings to discuss performance.

oSupervise, guide and monitor performance of two junior accountants.

Achievements:

oSuccessfully put forward business case to open an aircraft service facility in Perth for civil aircrafts. Acquired statistics of aircrafts in WA and average flying hours to work out projected revenue on service, spares and components repair as well as projected cost for each cost element. Prepared projected gross margins and profit and loss over a ten year period considering projected growth in business after involving the efforts and expertise of all line managers. Worked out the projected investment (outflow) that would be required and worked out payback period considering the cost of capital on the investment (net present value).

oIdentified an issue in labour hours booked to production and succeeded in the implementation of the swipe card system.

oSuccessfully set up a quotation system on SAP for aircraft maintenance and introduced a system of secondary billing for maintenance jobs.

oIdentified an issue with receipting of goods and worked with IT to design a claim system to enable quicker processing and settlement of intercompany invoices resulting in quicker processing and payment as well as increased accuracy in cash outflow forecast.

oAudited the inventory systems and bridged loopholes to enable efficient running of the material resource planning reports.

Australian Aerospace Ltd - Financial Accountant February 2005 to March 2009

oWorked on implementation of a SAP R3 system including a complete chart of accounts rework and financial statement redesign.

oPrepare and file FBT returns, BAS returns and GST reconciliation.

oWorked with Chief Accountant on year end financials as per AASB and IFRS requirements.

oAssisted in preparing corporate returns.

oResponsible for Capex and Fixed Asset accounting

oWorked with IT on financial month end closings in SAP.

oPrepare monthly inter-company and general ledger reconciliations and accounting foreign exchange impact.

oManaged payroll and reconciled pay item register with General Ledger and handled Workman’s Compensation Audit.

oPrepare a monthly cash flow statement to arrive at actual cash profit/loss from operations and analyse working capital movements for each profit centre.

oCheck and Approve expense statements of divisional heads.

oResponsible for FX revaluations reconciliation.

oOversee the efficient management of working capital.

Achievements:

oSuccessfully revamped the intercompany reporting process to improve the efficiency and accuracy of the figures being reported.

oSuccessful in introducing salary packaging of motor vehicles to managers & other staff and was the key person in the company to explain the concept of fully maintained novated finance lease with employee’s compulsory contribution to management and staff. This resulted in the company adapting a more effective lease plan for senior employees.

oAcknowledged by IT team for constantly identifying and bridging loopholes in Accounting modules and designing more comprehensive reports for management.

Investa Property Management Ltd (Westpac subsidiary), Hollard Insurance, BSC Motion Technology, Wings Glass P/L Aug 2002 to January 2005

Contract Accountant (All companies located in Sydney)

oGeneral ledger reconciliations.

oSupervised receivables and payables process.

oReconciled large accounts of insurance brokers.

oAssisted in yearend financials and corporate tax returns. FBT and BAS preparation.

oManage external audit.

oManage and reconcile payroll for tax returns and worker’s compensation premiums.

oPreparation of profitability statements by product and variance analysis.

oPrepare and monitor annual budgets as well as provide daily cash flow updates.

oManaged the fixed assets register and prepared monthly depreciation schedule.

Overseas Experience

Leo International LLC July 1998 to May 2002

(Trading and contracting Dubai based company)

Finance Manager

Supervised a team of seven employees

oCoordinate the monthly management information reporting process.

oMaintain the fund position statements and overview receivables, payables & payroll operations.

oResponsible for all project accounting on construction projects.

oRegular review of the MRP and strict inventory control and monitoring of wastages and write-offs.

oPreparation of budgets and variance analysis.

oInteracted with auditors, banks, insurance companies and other government agencies.

oLooked after all import export documentation and negotiated finance facilities with bankers.

Lloyds Global Trade Ltd (Dubai)

Accountant April 95 to June 1998

oAssisted Financial Controller in preparing financial statements, schedules and notes at year end.

oResponsible for all costing and monthly management information systems reporting.

oAssisted in planning & preparation of budgets for revenue and cost components and cost centres.

KS Aiyar & Co. (oldest and amongst the largest Chartered Accounting firms in Mumbai, India)

Auditor April 1989 to Jan 1995

oConducted independent routine, final, and tax audit of various manufacturing and construction companies, financial institutions and a petroleum corporation.

Strengths: Autonomous, persistent, positive and adaptable. Eye for detail, strong on accounting concepts and therefore find it easy to adapt to any financial system, team player with ability to conduct workshops as well as make presentations and possess leadership skills.

Residential status: Australian citizen

Professional Referees:

Name: Julius Adan

Worked In Australian Aerospace as Costing Manager

Mobile: 041*******

Current Position: Costing Manager at Rockwell Collins

Relationship: Ex Colleague

*****@*******.***.**

Name: Michael Chand

Worked in Australian Aerospace Ltd as Business Controller

Mobile: 040*******

Current Position: Senior Financial Accountant at NRMA