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I am a strategically minded and commercially astute director who has established a strong background in the sustainable improvement of organisations’ financial performance, market presence and operational structure across multiple sectors. Previous experience includes establishing new financial functions and governance policies from the ground up; driving multi-million pound growth through strategic service development and cost control; directing international M&A activities and joint ventures to increase market share; and leading significant, organisation-wide cultural change. I possess a robust combination of corporate, SME and consultancy experience, demonstrating a consistent ability to identify and exploit key business opportunities while providing visible leadership to both staff and key stakeholders.
Newbattle Abbey College
View- Website:
- newbattleabbeycollege.ac.uk
- Employees:
- 36
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DirectorNewbattle Abbey CollegeEdinburgh, Scotland, Gb
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Non Executive DirectorLothian Buses Aug 2018 - PresentEdinburgh, United Kingdom -
Non-Executive DirectorThe James Hutton Institute Jan 2017 - Nov 2023Dundee, United KingdomNon-Executive Director and member of the Audit Committee at the James Hutton Institute. The Institute is one of the UK's biggest research providers in environmental, crop and food science and has a major role in the Scottish knowledge economy. -
Chief Executive OfficerThe Faculty Of Advocates Nov 2017 - Nov 2021Edinburgh, United KingdomAppointed to the newly created post of CEO at the Faculty of Advocates which is the professional body to which all Advocates belong.
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Chief Financial OfficerSunergos Innovations Feb 2016 - Jul 2017Edinburgh, United KingdomAppointed to the start-up company subsidiary of Edinburgh University with the aim of raising necessary finances to strategically invest in university spin-out companies. As CFO I have full responsibility for budget management, robust forecasting, compliant reporting and effective resource allocation. Key Achievements:o Established a new finance function from scratch including all governance and approval processeso Introduced new accounting systems and processes, including the Sage accounting systemo Devised and proposed governance policies including cash management and anti-bribery policies
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Finance Director / Acting CeoNational Trust For Scotland Oct 2010 - Feb 2016Edinburgh, United KingdomI joined Scotland's leading conservation charity at the start of a period of significant change as governance processes were streamlined. I contributed to the launch of a five year strategy to return the Trust to financial sustainability, with a shared focus on revenue growth and cost containment. My responsibilities included coordinating the Finance, HR, IT, Legal, Procurement, Facilities and Renewable Energy functions, line managing cross-functional teams and monitoring the efficiency of operational and financial processes. Key Achievements:o Led a significant cultural transformation programme to shift to a customer focused approacho Developed and implemented a multi-million pound renewable energy strategyo Acted as Interim CEO, providing strategic stewardship during the recruitment processo Revised the budgeting process to tangibly improve profitability from commercial operationso Completely replaced the organisation’s core IT infrastructure and network -
ConsultantSopra Steria Jul 2009 - Oct 2010Paris Area, FranceHaving previously operated as Finance Director of the Sopra Group, I was requested to return on a consultancy basis on location in Paris to contribute to the preparation of a subsidiary for a separate listing on the Euronext exchange.Key Achievements:o Created historic accounts in a new format for the previous three years for the company prospectuso Devised processes for reporting quarterly organic growth figureso Implemented an improved transfer pricing policy and supporting documents -
Finance DirectorGrant Management May 2008 - Jun 2009Edinburgh, United KingdomI joined this rapidly expanding property management company to address a significant fall in revenue that had resulted from the financial crisis and a withdrawal in bank investment. My role incorporated assessing the organisation's financial position and operational structure to identify and implemented required cost management processes.Key Achievements:o Improved operational efficiency by restructuring the entire Finance Departmento Ensured the same levels of functionality and performance with a 33% reduction in staff numberso Managed working capital to minimise the impact of operational losses -
Global CfoAxway Software Sep 2007 - Apr 2008Edinburgh/ParisRequested to become Global CFO of Sopra subsidiary Axway, which was experiencing rapid growth. I managed Finance teams in Paris, Berlin, Singapore and Phoenix while ensuring a consistent level of support to the company's global operations. Key Achievements:o Completed the financial integration of recently acquired US and German subsidiarieso Developed a ‘hub and spoke’ financial management structureo Prepared a plan for reducing the number of foreign subsidiaries without impacting trading activitieso Introduced processes for revenue recognition and reporting -
Finance DirectorSopra Group Aug 2001 - Sep 2007Edinburgh, United KingdomJoined Newell & Budge Ltd as Finance Director following a management buy-out and played a critical role in its significant financial and operational growth, leading to its integration with the Sopra Group. I held responsibility for multiple business functions as Finance Director as well as completing all senior financial management activities including budget control, forecast preparation, cash management, tax minimisation and robust reporting.Key Achievements:o Part of the team that grew the business to £60m turnovero Contributed to business acquisitions in India and Northern Irelando Established an EMI share option scheme covering 180 staffo Reorganised the Group’s structure to reduce administration costs
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Coo - Investment Management / Company SecretaryScottish Widows 1995 - 2001Edinburgh, United KingdomI joined Scottish Widows as a Corporate Development Manager in 1995, but quickly progressed to the positions of Head of Strategic Services and Company Secretary. Following a number of successful projects I was appointed as COO of the company's Investment Management function, integrating it with Hill Samuel and outsourcing the back office to an external supplier.Key Achievements:o Negotiated and implemented strategic alliances with Royal Bank of Scotland and New York Lifeo Launched the Scottish Widows credit card in conjunction as a Director of Scottish Widows Banko Helped implement a growth strategy involving several joint ventures and international partnershipso Project managed the successful de-mutualisation of Scottish Widows below board level
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Iain Reid Education Details
Frequently Asked Questions about Iain Reid
What company does Iain Reid work for?
Iain Reid works for Newbattle Abbey College
What is Iain Reid's role at the current company?
Iain Reid's current role is Director.
What is Iain Reid's email address?
Iain Reid's email address is ia****@****n.ac.uk
What schools did Iain Reid attend?
Iain Reid attended The University Of Edinburgh.
What skills is Iain Reid known for?
Iain Reid has skills like Strategy, Change Management, Business Strategy, Finance, Management, Strategic Planning, Governance, Managerial Finance, Business Planning, Business Analysis, Stakeholder Management, Business Process Improvement.
Who are Iain Reid's colleagues?
Iain Reid's colleagues are Kate Melvin, Steven Graham-Smith, Lisa Motion, Dr Zoi Zompopoulou, Tarzem Shoker, Pauline King, David Jack.
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Iain Reid
Assuring Business Benefit In Transformation And Change - Improving Profitability, Productivity And Satisfaction.United Kingdom2ntlworld.com, icomera.com
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