David Sim Email & Phone Number

Ipswich, United Kingdom

Wroclaw (Poland) / Ipswich (Uk)

• Set up and led new Finance Shared Services team of 48 based in Wroclaw (Poland) performing tasks including Expense Reporting, Financial Statement Preparation, Insurance Accounting, Accounts Receivable, Accounts Payable, Preparation of Tax returns.• Proposed and agreed tasks to be transitioned, involving reviewing work currently carried out in the UK and establishing suitability for transfer to Poland.• Designed structure and recruited new team in Poland to handle the enhanced workload.• Planned and managed training, ensuring successful transition of work to the new teams.• Designed and implemented KPIs, enabling the accurate measurement of tasks performed.• Standardised and improved processes, successfully improving efficiency and accuracy.

Ipswich, United Kingdom

• Led UK Finance Operations teams of 35 responsible for Insurance Accounting, Credit Control, Payroll, Accounts Payable.• Restructured teams freeing up 3 Heads to work full time on process improvements and project work.• Implemented various process improvements in areas including Intercompany, Fx & Premium Data Quality, successfully clearing a number of audit issues.• Introduced credit control reporting and business partnering with Underwriting business groups, improving co-operation between the Underwriting and Credit Control teams and premium collection.

Ipswich, United Kingdom

• Led Insurance Accounting teams of 16 responsible for the timely production of the technical insurance balances for Catlin UK and Syndicates 2003 & 3002 (combined premium $2bn).• Appointed Member of the UK Finance Leadership Team responsible for people management & development and the prioritisation of work across BaU, projects & initiatives.• Key achievements included:o In-source of S2003 accounting from Axiom, including review & cleanse of data and implementation of process improvements o Implementation of new S4i system, enabling growth of Motor businesso Completion of project to document & improve settled direct processes & reconcile balance $150m+o Harmonisation of legacy S2020 processes and migration to Catlin chart of accounts.

Ipswich, United Kingdom

• Managed a team of 6 responsible for the expense budgeting, forecasting and reporting for the UK, Group & International Office divisions (budget $375m).• Built relationships with budget holders and provided accurate and timely information, enabling them to pro-actively manage their budgets.• Calculated and controlled the recharge of UK and Bermuda based expenses to the underwriting entities within the group. • Oversaw the production of group reporting packs and Financial Statements for 3 UK entities.

Ipswich, United Kingdom

• Managed team of 3 responsible for the production of the UK division expense budgeting, forecasting and reporting (total 08 budget $183m).• Managed team of 2 responsible for the production of Syndicate 2020 investment reporting.• Key achievements included:o Migration of expense data from the Wellington to Catlin chart of accountso Implementation of the ‘budget framework’, including the re-coding of the 07 actuals and budgets and the bottom up production of the 08 budgeto Design & implementation of new set of investment account codes in the GL, enabling reporting to be produced directly from SUN.

• Managed team of 2 responsible for all period end reporting for the Pub Partners division, including completion of corporate KPIs, production of management accounts for the plc Exec and management information for the operations teams.• Managed the integration of the financial reporting for the newly acquired H&H estate within the Pub Partners systems.• Produced the quarterly P&L and balance sheet forecasts.• Led implementation of new fixed assets module and introduced the production of period end balance sheet pack, including improved fixed assets reporting and reconciliations of all balance sheet accounts.• Significantly enhanced the content of the management accounts pack and introduced new reporting to the operations teams, including that on new bonus targets extended to include key operating costs.• Carried out financial modelling as part of a project team investigating changes to the range of commercial agreements offered.

Ipswich, United Kingdom

• Carried out Group consolidation, including production of the group P&L, balance sheet and financial statements notes.• Apportioned Syndicate 2020 to the group and controlled all technical balances in group general ledger.• Produced Lloyds Annual Accounting Return for Syndicate 2020 and calculated quarterly CTSA.• Led on a number of standards as part of the IFRS conversion team.• Set up and managed the group model used to produce forecasts of group P&L, balance sheet and cash flow for the group Exec.

Ipswich, United Kingdom

• Led a project to revamp group accounting, involving the set up and population of new trial balances within the nominal ledger; new reporting templates and the re-creation of prior year information.• Restated the 2002 group subsidiary accounts for fundamental changes in accounting policy.

Ipswich, United Kingdom

• Assisted in the set up of accounting systems for startup of Aspen group.• Produced year end UK GAAP Company accounts, US GAAP Group and Management accounts.• Trained Aspen finance staff, ensuring smooth handover of accounting process.

Ipswich, United Kingdom

• Planned and executed company audits, including organisation and delegation of audit work for major clients, including BAE Systems, Alenia Marconi Systems Limited, Ipswich Town Football Club Limited.• Coached and monitored junior team members and preparation of company and group Financial Statements in accordance with UK GAAP.

Aca

Bachelor'S Degree, Industrial Economics, 1St Class