QUALIFIED FINANCIAL CONTROLLER / DIRECTOR / MANAGER WITH EXTENSIVE EXPERIENCE

Paul Hardwick FCMA, CGMA, MCMI, 7 Nursery Close, Tamerton Foliot, Plymouth, Devon PL5 4QG   paul@hardwick.uk.com   01752 768758 / 07540 870827

Invensys Controls UK Limited

Read More>>

2004 - June 2008

Deputy Finance Manager & UK Cost Manager

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.  250 – 400 employees and an annual turnover of £60m. ( www.invensys.com )

ACHIEVEMENTS / IMPROVEMENTS

Managed a team of ten financial staff including two qualified accountants

• Overhead savings of 13%, and Direct productivity improvements of 20% were realized post comprehensive analysis and introduction of targeting, structured reporting and headcount planning
• Drove a quality standard costing system and relevant and accurate variance analysis enabling profits to be maximized by targeting margins, costs and markets
• Instigated faster, more accurate and improved month-end closes and forecasting by use of improved systems and processes: saved an average of more than 2 days
• Achieved a £1.4m reduction in inventory held and improved turns from 5.2 to 7.7 without compromising high levels of customer satisfaction
• Achieved an operating profit 5% above plan by active cross department communication with Operations team and functional leaders
• Key participant in European management meetings, representing the UK. Regular travel to sister sites in Europe and UK.
• Improved operating cash to 33% above plan by introduction of robust forecasting, reporting and cash management tools
• Improved cash by reducing DPO and DSO by 5 days, through the introduction of BACS, adhering to payment terms and improved awareness and training
• Experienced user of Hyperion, and developer of automatic Hyperion Retrieve reports.
• Ensured costs were controlled and minimised by liasing with Supply Chain team and function leaders – achieving Operating Profit of 5% more than planned.
• Led Budgeting process at Plant level – ensuring timetables, instructions / assumptions, requirements are met and appropriate analysis provided.
• Was Finance representative in Engineering and Marketing teams for new products development – ensuring cost control and profitability.

EMPLOYMENT HISTORY