Finance Director

Michele Loglisci

Calle Cartagena, Casa *

Palmones, Los Barios

Cadiz, Spain 11379

Mobile: 003*-***-***-***

Email: **********@*****.***

Day of Birth: 14 October Nationality: American

SUMMARY OF PROFESSIONAL EXPERIENCE

Over 18 years in e-gaming/sportsbook (finance)

Senior accountabilities and responsibilities

Financial planning, budgeting, forecasting, management, modelling

Improving and managing financial performance

Filing information as required for legislative purposes

Managed small and large finance teams

PROFESSIONAL EXPERIENCE

May 20 – Present

MARKOR TECHNOLOGY LIMITED

From 1 May 2020, Markor Technology Limited purchased the assets of Nektan PLC and subsidiaries for which I have been retained as Head of Finance for the Group

Key responsibilities have not changed from Nektan PLC and years of service retained

May 2013 – April 2020

NEKTAN PLC

Report to CFO and acted as interim CFO for a period

Finance Assistants from all subsidiaries within the Group report into me

Responsible for preparation of management accounts and Group consolidation

First point of contact with Gibraltar auditors, banks, solicitors

Assist CFO with any and all Group matters as they arise

Reconciliations of Inter-company accounts within the Group

Assisting in preparation of Group budgets and cashflow

Preparation of half-yearly Interims

Preparation of weekly cashflow analysis

Weekly expense analysis quarterly VAT returns for our UK subsidiary and quarterly MOSS VAT quarterly returns (prep and filing)

Liaising with Compliance Team re provision of financial information for UKGC quarterly returns;

Preparation and filing of HMRC quarterly returns

Reconciliation and analysis of Revenue

Preparation of gaming statistics and circulation to gaming providers monthly

Preparation of over 150 partner statements and liaising with our partners

Provide and assist with provision of financial data and updates to the business

Liaise with our sales team in respect of billing new partners, etc.

Daily casino recs; preparation of statutory accounts for the Gibraltar companies

Ensure that company statutory and managerial information is up to date

Assisting with group stat accounts

Prep of subsidiary statutory accounts

Updating personal knowledge on IFRS's as they are applicable to the business

Liaising with corresponding government departments, banks, white label partners, preparation and execution of monthly partner statements;

Responsible for the reporting, coordinating and liaising on two Administrations and one liquidation;

Played a key role as part of the senior management team in supply of financial data in the sale of the business to the new shareholder which resulted in my being retained in the new business Markor Technology Limited (above)

Main achievements:

Set up and structured the finance department

Together with previous FD, jointly listed the Parent company on AIM LSE Nov 2014 from a financial, legal and company managerial standpoint.

Renegotiated a large contract with our main PSP and brought in a substantial refund to the business and better terms

Promoted from Financial Controller to Group Financial Controller to Head of Finance (position currently held)

Automation of partner statements- 3 months to fruition with our IT team

Administrations/liquidations/acquisition of a business/sale of a business

October 2012 –June 2013

Traffic Generation Limited

Hired as Head of Finance, promoted to Company director

Start up business – responsible for implementing better accounting systems and management information in place;

Preparation of monthly Profit and Loss, Balance Sheet, Fixed Asset Register, Payroll etc. for parent Company as well as Traffic Generation (subsidiary) and all companies within the Group;

Maintained daily running of active casino network Cashball Ltd, a subsidiary of parent Company Integrated Social Technologies Ltd; ensured that White Label needs were met, dealt with payments and receipts of clients funds via the customer service agent, negotiated Moneybookers (Skrill contract) and Ayden PSP contract for Cashball Ltd, monthly invoicing of GGR/NGR and minimums to White Labels, reconciliation of gaming revenues and commissions; liaised with company managers and GRA in Isle of Man; review of management accounts;

Full set up and monthly reconciliations of all Intercompany accounts;

Preparation of annual budget for the Company and group

Liaising with Government authorities, company managers, banks, Companies House, etc

Anything else required as part of a small company (ie: admin, HR, office management, suppliers)

Excellent experience and good company to have learned freemium business

October 2011 – October 2012

Prospreads Limited, Gibraltar – Fixed term contract

Finance Manager

Responsible for Daily Profit and Loss recs, segregated funds recs, account balance recs, FX exposure daily analysis, preparation of monthly financial statements, inclusive of gross profit rec, expense analysis, variance analysis and explanations

Regularly liaising with UK head office

Preparing monthly and quarterly FSC regulatory returns

Responsible for daily PRR calculations, annual statutory accounts preparation, annual ICAAP stress testing review, client payments (when required),

preparation and submission of payroll, reconciliation of payroll taxes monthly

payment of suppliers

liaising with banks (existing and new), suppliers, tax office, ETB, FSC (re: returns), auditors, local lawyers, etc

November 2012 – May 2011

Freelance opportunity

Temporarily assisting a property owner in Sotogrande with sale of luxury apartments; running office; liaising with cleaners, workmen, contractors, real-estate agents, potential buyers, etc

July 2012 – October 2010

Acquarius Trust Company Limited, Gibraltar

Finance Controller

Prepared accounts for Acquarius Trust Company Limited as well as for all the companies managed by Acquarius

Assisted in day to day operations of the accounts department in respect of liaising with clients, debt collection, sending of bank transfers and other administrative duties

Liaised with UK Companies House, UK Inland Revenue, Gibraltar Tax Authorities

Re-analysed database of clients to ensure all clients were billed and where accountancy services could be offered.

2002 - 2009

Stan James PLC, Gibraltar

Finance Director

Initially hired as Company Accountant and within 10 months voted onto the board

Developed chart of accounts

Sourced and implemented accounting systems

Further improved systems and financial performance

Began internal control processes

Instrumental in inter-departmental processes (Accounting, Fraud, Customer Services, Trading)

Implemented HR Processes

Strong involvement in the implementation of KYC procedures and Data Protection rules

Participated in Board meetings

Managed the Finance team

Led budget meetings

Prepared cashflows

implemented cash controls

Prepared financial statements and reports

Regularly analysed financial data

Maintained, analysed and summarized the nominal ledger accounts

Filed all monthly, quarterly and annual payroll tax returns to the Gibraltar Government

Filed any monthly or quarterly information required to the Gibraltar Financial Development Secretary

Co-ordinated year end audits

Liaised with the banks and debit/credit card acquirers

Actively involved in initiating the fraud department and worked closely with fraud manager

worked on special projects as required

1998 - 2002

KPMG (Gibraltar) Limited

Semi Senior

Reported to Partner and Supervisor

Responsible for a major captive management insurance client due to the experience I had from my previous role at Norwich Union

Carried out audits

Prepared sets of accounts for individual clients

Developed Company management and legislation knowledge

1996 – 1998

Norwich Union, Gibraltar

Assistant Manager of Captive Management

Active involvement in captive management

Developed knowledge of High Net Worth Individuals, etc

1991 - 1993

Mickforte Management Limited, Gibraltar

Managing Director

Prepared accounts for local and international clients

Referred finished management accounts to local auditing firm for the legal annual accounts filing

1987 - 1991

Gibraltar Shiprepair

Initially Assistant Accountant, later promoted to Finance director, reporting to CEO and Board of Directors

Assisted the CEO and COO in downsizing and privatising individual departments

Managed team of 45 staff

Budget and cashflow preparation

Implemented cash controls

Preparation of financial statements

RELEVANT QUALIFICATIONS AND TRAINING

Qualifications

Graduated University with a Bachelor of Science-Accountancy; part qualified ACCA; fully qualified by experience

References

Furnished upon request

OTHER

As I have been working in Gibraltar for 30 years now, there would be no need for the business to pay any repatriation costs to the Government of Gibraltar. I would only require a work permit, renewable annually.

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