Jay Houghton Email & Phone Number

Isle Of Man

Yacht Management and Cyber Security

Isle Of Man, United Kingdom

Main board director with responsibility for global reporting, financial controls and international tax planning across the Group’s worldwide corporate structure (approx 20 entities spanning the globe).Responsibility for all the Group accounting functions, corporate structure, local and global tax positions, global treasury management, corporate acquisition strategy, also responsible for client contract review, bidding processes, and operational controls.Key… Show more Main board director with responsibility for global reporting, financial controls and international tax planning across the Group’s worldwide corporate structure (approx 20 entities spanning the globe).Responsibility for all the Group accounting functions, corporate structure, local and global tax positions, global treasury management, corporate acquisition strategy, also responsible for client contract review, bidding processes, and operational controls.Key AchievementsDevelopment of a more efficient tax structure across the Group.Improvements to existing accounting and reporting practices, and the introduction of key performance reporting. Show less

Douglas, Isle Of Man

Hands on role, responsible for all aspects of finance and regulatory control for several funds across multiple jurisdictions, including some AIM listed funds. Full accounting responsibilities from bank reconciliations, to ledger input, to management accounts, and annual and interim statutory accounts for consolidated group and also subsidiary companies in other reporting jurisdictions (including Malta, Cyprus and Hong Kong). Analysing all proposed investments for recommendation to each… Show more Hands on role, responsible for all aspects of finance and regulatory control for several funds across multiple jurisdictions, including some AIM listed funds. Full accounting responsibilities from bank reconciliations, to ledger input, to management accounts, and annual and interim statutory accounts for consolidated group and also subsidiary companies in other reporting jurisdictions (including Malta, Cyprus and Hong Kong). Analysing all proposed investments for recommendation to each fund Board, attending board meetings both on the Isle of Man and other countries, setting up tax efficient structures of each fund, carrying out the treasury function, preparing financial information for quarterly shareholder updates.Key AchievementsDesigned and set up complex tax efficient structures for several Isle of Man and EU based funds, including an innovative design that saved 100% of irrecoverable tax on significant expense items for one Spanish based fund;Introduced new hedging arrangements major investment projects in Brazil and China, where currency dealing is restricted allowing the funds involved to reduce their exposure to fluctuating currency movements; Show less

Douglas, Isle Of Man

Working with a staff of three, I was responsible for the financial controls and accounts preparation for the Group and its subsidiaries. This included preparing and presenting to the board the annual and interim report and accounts for the Group, administration of the Company’s Share Option Scheme and the Company’s Employee Benefit Trust Scheme.Key AchievementsSubstantially reduced the year end reporting table from several months to Board sign off within six weeks in… Show more Working with a staff of three, I was responsible for the financial controls and accounts preparation for the Group and its subsidiaries. This included preparing and presenting to the board the annual and interim report and accounts for the Group, administration of the Company’s Share Option Scheme and the Company’s Employee Benefit Trust Scheme.Key AchievementsSubstantially reduced the year end reporting table from several months to Board sign off within six weeks in preparation for the Company’s floatation on London Stock Exchange’s Alternative Investment Market in 2006;Prepared and maintained the Company’s transfer pricing manual and used this to successfully negotiate a beneficial Transfer Pricing basis to the UK subsidiary with HMRC Show less

Douglas, Isle Of Man

Initially taken on as Finance Manager responsible for all aspects of Financial Control for the Company and its funds, managed a team of 20 staff across the fund, financial and operational accounting functions.The promotion to Finance Director in 2003 expanded the role to incorporate the investment administration and settlements team, taking the total staff under management to 31. As well as reporting to the Board and the Group Finance Director I was also a member of the Executive Board… Show more Initially taken on as Finance Manager responsible for all aspects of Financial Control for the Company and its funds, managed a team of 20 staff across the fund, financial and operational accounting functions.The promotion to Finance Director in 2003 expanded the role to incorporate the investment administration and settlements team, taking the total staff under management to 31. As well as reporting to the Board and the Group Finance Director I was also a member of the Executive Board of the Company.Key AchievementsPart of the team presenting to potential buyers of the Company after being put up for sale in 2004. Parent group subsequently decided to keep SPILA and integrate with own strategic direction;Developed detailed restructuring plan to significantly reduce global cost base following shareholder’s decision to withdraw from multi-national markets and focus on the strategic UK market; Implemented new bank reconciliation software and payment procedures that automatically matched a significant majority of bank transactions allowing the team to focus on a much smaller number of unmatched items ; Show less

Ba (Hons), Accounting & Finance

Education record