Dimitri Pitsikas Email & Phone Number

Sydney, Nsw, Au

Sydney, New South Wales, Australia

Sydney, New South Wales, Australia

Working on a full-time basis within the Financial Control team of TAL Australia, Australia's largest life insurance company, leading a team of six staff with month end close, investment operations and expense accounting responsibilities.

Sydney, New South Wales, Australia

On a contract basis, led the Finance business requirements for a key project for business acquisition, including:- End to end build and design of new Finance function and requirements for Financial Operations (receipting and commissions, banking and reconciliation, cashflow model), Financial Control (financial statements, capital injection and taxes), Management Reporting (cost centres and business structures, business reporting).- Meeting with the PM and Senior Finance Leaders to determine and lock down the scope of Finance requirements. - Presenting Finance updates to Project Steerco and the CFO.- Working through complex solutions for Finance based on the flows and processes from the Operating Stream and People & Culture.- Picked up Day 2 Finance Integration Project for CMLA integration into AIA as the Finance Lead to cutover, focussing on testing prioritisation, UDA testing, change communications and management with the project rated as a major success.

Sydney, New South Wales, Australia

Post Joint Cooperation Agreement commencement for the sale of CommInsure from CBA to AIA in November 2019, my BaU role consisted of leading a team of five, managing an expense base of over $200m in opex and 800 FTE, reporting to AIA Group, including all projects and decision support for Life Insurance, Super and Investment products. Duties listed below:- BAU monthly ledger close for ~180 cost centres. Monthly reporting and analysis against plan, budgets and forecasts, productivity reporting and reporting for all CommInsure projects, with the audience being the CFO, MD, CI business, CMLA Board and CI Project Review Group.- Review of business case proposals to ensure financial criteria and governance was met. Was a permanent member of project triage before any business case was submitted to CI PRG for approval.- Monthly review of balance sheet reconciliations and sign-off of monthly DQ.- Acquired additional responsibilities with management of ES IT budget and other support units including Finance and Risk. - Tracked sales and inforce volumes actuals and forecast to determine correct scale of operations, then set targets direct with the MD and GM’s for the budget planning cycle.- Heavily involved in preparation and submission of 3-year strategic business plans to the Boards with respect to expense management and impact on products.- Performed many ‘deep dives’ for the CI business on FTE, travel, credit card and consulting spend, providing advice to the business to make decisions. - Led the complex annual allocation review update for the Life and Super business, ensuring all key stakeholders were engaged.- Leading the transition of the expense management finance function to AIA, involved in many integration and synergy discussions providing input into the merger, including ledger, TSA, project reporting, payroll, credit card and GST implications.

Sydney, Australia

Working on a full-time basis in Wealth Management Finance Expense Management COE supporting the Wealth Management business (CFS, CFS GAM, Advice, CommInsure) in CBA, leading a team of up to five staff. Duties during this period with the detail of responsibilities being as follows:- Heavily involved with carving out the financials for the sale of CommInsure for expenses and TSA management.- Monthly ledger close for OPEX for the entire WM business, including month end reporting and analysis against plan and forecast to the business, WM CFO, Boards and CBA Group.- Monthly review of balance sheet reconciliations and sign-off of monthly DQ.- Setting top-down targets and tracking for each BU, including monthly productivity reporting against key initiatives.- Performed many ‘deep dives’ for the WM business on FTE, credit cards, travel and consulting spend, providing advice to the business to make decisions. - Leading the Expense COE, implementing best practice procedures and policy across WM.- Introduction of Tableau reporting solution and other standardised reporting solutions for the business and finance.

Sydney, Australia

Working on a full-time basis in the CommInsure Financial Services arm of the Wealth Management (General Insurance, Life Insurance, Super and Investment products) area of CBA, leading a team of up to seven staff and over $300m in expenses and 1,400 FTE, including BaU, projects and decision support. Duties listed below:- BAU monthly ledger close for ~200 cost centres. Monthly reporting and analysis against plan, budgets and forecasts, productivity reporting and reporting for all CommInsure projects, with the audience being the CFO, MD, CI business, Board and CI Project Review Group.- Review of business case proposals to ensure CBA financial criteria and governance was met. Was a permanent member of project triage before any business case was submitted to CI PRG for approval.- Monthly review of balance sheet reconciliations and sign-off of monthly DQ.- Led the complex annual allocation review update for the General Insurance, Life and Super business, ensuring all key stakeholders were engaged. - Heavily involved in preparation and submission of 3-year strategic business plans to the Boards with respect to expense management and impact on products.- During business growth cycles, worked with the leadership team to allocate additional approved budget as appropriate for BaU expenses and per approved business cases.- Developed reporting for the MD’s LT, including deep dive and unit costing analysis. Was able to challenge ‘asks’ during budget setting discussions with GM’s saving time cutting down on reiterations.- Tracked sales volumes for actuals and forecast to determine correct scale of operations.- Successfully managed quarterly and annual budget process, with submissions and reporting made ahead of time. Had team focus on innovation to streamline forecasting templates for expenses saving 1 week in preparation and upload time.

Sydney, Australia

Appointed in a ‘Financial Controller’ and ‘Finance LoB representative’ capacity for the GI business leadership team, supporting CBA’s general insurance company for Home, Contents, Motor and Travel products (~$1.0b in GWP). Performed a range of duties during this period with the detail of responsibilities being as listed below:Career History (continued)- Prepared and presented board papers with the CFO for Commonwealth Insurance Limited (CIL) board meetings for sign-off of annual financials, regulatory and APRA Returns. - Leading a team of three staff, delivering year-end financial and month end management reporting process to the business GM, GI leadership team, MD and CFO for revenue, expenses, ratio analysis, balance sheet movements, reconciliations and cashflows.- Coordinated Directors Questionnaire and fielded questions from CBA Group upon consolidation.- Allocation of resources and managed interim and year-end audit process with PwC.- Prepared monthly board papers on performance of CIL on performance, liquidity, solvency and dividends.- Was involved in many projects updating product offerings in the ledger and mapping.- Reviewed Income Tax Return corresponding schedules, IAS and GST for these funds including liaison with CBA Group Tax Agents.- Introduced HFM reporting for the month end including analytics and commentary to assist users in better understanding the business.

Sydney, Australia

Leading a team of three staff with over $12 billion in funds under management for CMLA’s Superannuation business, with detail of responsibilities listed below:- Review of Financial Statements and APRA Returns for large superannuation funds and Eligible Rollover Funds with both personal and employer sponsored business investing in products such as Managed Investments and Life Products.- Prepared year-end timetables for funds allocation to staff and managed year-end audit process. Prepared board papers for and attended Trustee meetings for sign-off by the Board of Trustees.- Managed successful month end management reporting to the Wealth business in CBA, Boards, the business and Office of the Trustee within required timeframes.- Heavily involved in all project work involving these superannuation funds including liaison with project teams and application services to improve reporting to APRA and the Trustee, reconciling contributions tax projects, represented superannuation reporting for the major migration projects of CMLA. - Led the monthly reporting project, streamlining processes to achieve the service level agreement set by the Trustee. Delivery reduced from 20 business days to 4 business days in the time I led the team.- Attending to the preparation of Income Tax Return corresponding schedules and IAS for these funds including liaison with CFS Tax Agents.

Sydney, Australia

Preparation and review of Financial Statements for large superannuation funds and Eligible Rollover Funds with both personal and employer sponsored business investing in products such as Managed Investments and Life Products. Prepared year-end timetables for funds allocation to staff and managed year-end audit process. Prepared board papers for and attended Trustee meetings for sign-off by the Board of Trustees. Heavily involved in all project work involving these superannuation funds including liaison with project teams and application services to improve reporting to APRA and the Trustee, reconciling contributions tax projects, represented superannuation reporting for the major migration projects of CMLA. Had major involvement in the monthly reporting project, streamlining processes to achieve the service level agreement set by the Trustee.

Sydney, Australia

Worked on a contract basis in this audit and financial services firm. Headed and attended to field audits on various large corporate superannuation funds for annual financial statements, APRA and internal audits. Allocated a set of large superannuation administration firms acting as the main contact for the audit of their administered superannuation funds with KPMG on site. Mentored and managed junior staff members directly on all technical superannuation fund accounting aspects including review.

Sydney, Australia

Bachelor Of Commerce (B.Com.), Accounting

Education record