David Stoneman Email & Phone Number

Gloucester, England, United Kingdom

Transferred into the role to lead the restructuring the Corporate Finance team for the next phase of the Group’s growth strategy, while still delivering financial and tax reporting and maintaining SOX compliance across multiple regional companies.Responsibilities- Leading production of IFRS statutory accounts and direct and indirect tax returns- Leading on internal/external finance, control and tax audits- Management of internal monthly/quarterly/annual reporting cycle- Maintaining SOX compliance while standardising controls to group frameworkAchievements- Restructured finance team to allow for future phased growth. Resulting in several group companies planned to be transitioned into a new shared service centre in early 2023.- Implemented process for the reporting of new plastic packaging tax. First return was submitted by government deadline.- Finance lead on a group project team to restructure for the EU’s Unfair Trading Practices Directive. Currently on track to minimize working capital impact.

Gloucestershire, England, United Kingdom

Leading the accounts payable and accounts receivable functions with a focus on increasing process efficiency and improving KPI performanceResponsibilities- Management of the internal monthly reporting cycle- Strengthening the internal control framework- Development of junior managers- Producing and presenting monthly corporate governance pack to the Finance DirectorAchievements- Designed new KPI framework to promote a shared service centre culture switch. Implemented by empowering finance teams with the benefits of monitoring their own performance.- Proposed and led a project to centralize customer claims processing and eliminate multiple touchpoint process. A credit control team, energized through greater process control, increased monthly claim match rates from an average of 63% to above 90% for customers involved.- Successfully led a project to eliminate data duplication from the process of logging customer claims. The resulting improvement saved 2 FTE- Overdue debt across the region decreased from 10% of total debt to 4% in 12 months through focusing on renegotiating customer payment practices and introducing aged debt analysis into credit controllers 1-2-1 reviews.

Gloucester, England, United Kingdom

Promoted into role, reporting into the Finance Director. Overseeing the corporate accounting and transactional processing functions with a focus on maintaining internal/external reporting and financial control whilst integrating corporate acquisitions into the business.Responsibilities- Leading production of IFRS statutory accounts and direct and indirect tax returns- Leading on internal/external finance, control and tax audits- Management of internal monthly/quarterly/annual reporting cycle- Maintaining SOX compliance while standardising with group control framework- Ensuring accounts payable and receivable KPIs were maintained to a high standardAchievements- Lead finance representative during the Brexit transition. All related import/export transactions recorded correctly from day 1.- Led an inexperienced management team through a multiple ERP integration program onto SAP, and subsequent data cleansing- Proposed and implemented automated intercompany invoicing between UK and German operating companies. Resulting process saved manual keying of over 150 invoices per month.- Successfully implemented AP invoice parking functionality to remove reliance on spreadsheet tracking and increase team productivity- Successfully collaborated with the technical accounting team to implemented IFRS16 into the business. 12 months later, significantly reduced IFRS16 processing workload by leading successful implementation of IFRS16 module within SAP.

Gloucester, England, United Kingdom

Daily management of the corporate accounting team with a focus on delivering internal reporting, financial control and improving process efficiencyResponsibilities- Leading a team of 4 to complete the monthly reporting cycle- Management of all local treasury and employee expense operations- Management of internal monthly/quarterly/annual reporting cycle- Execution of department SOX controls in accordance with framework- Forecasting and improvement of company’s working capital position- Management of company’s fixed asset accounting- Production and submission of corporation tax and VAT returnsAchievements- Led the transfer of accounting and treasury processing from acquisition’s shared service centre.- Led the in-house transfer of the accounting services for 9 UK holding companies.- Implemented Concur expenses solution to replace paper-based process and subsequent cross company roll out.- Designed and implemented the general accounting SOX controls for the regional companies.