Patrick Smith Email & Phone Number

Management of operational finance team of 18 including IT for revenue over £150m at peak. Responsible for Financial control, internal & external reporting, FP&A, forecasting and capex appraisal/ planning. Achievements• Successful acquisition of Mall Fund in conjunction with £165m capital raise• Re-structure and extension of £1bn CMBS to reduce risk of default• Acquisition of £300 million of shopping centres, from initial appraisal, DD to completion including arrangement of associated debt financing and interest rate hedging• Financial control of capital projects such as £25 million re-development at Ipswich• Negotiation of corporate RCF• Creation of tax efficient offshore JV structure for acquisition saving £0.2 million per annum• Creation of new FPA system using Excel macros to improve accuracy of forecasts and automated explanations of variances• Updated KPI reports to speed up production and improve relevance and presentation• Automated billing by email saving £20,000 per annum and time savings.• Introduced paperless processing of supplier invoices to streamline payments system delivering 30% headcount saving in this area• Automation of processes using workflow systems for new lease data capture resulting in reduction in faster upload times and fewer data anomalies• Implemented new accounting processes to record expenses on a granular basis. Instigated spreadsheet solution to facilitate drill down on costs by property unit and produced detailed operating income statements by property.• Leadership of team of 12 staff• Relationship management with fund managers, JV partners, investors and lenders and tax advisers• FCA, VAT, CIS, tax and other regulatory reporting and compliance• Preparation of IFRS statutory accounts• Management of group insurance and responsibility for IT

• Re-defined and re-designed internal reporting procedures and processes resulting in significant shortening of reporting timetables• Re-engineered work in progress accounting to ensure overheads were correctly charged to projects• Implemented KPI reporting systems

• Successful selection and implementation of integrated property management system and corporate accounting system.• Turnaround of loss making business to 15% return on sales• Reduced debtor payment periods to less than forty days• Streamlined the finance team resulting in lower headcount.• Increased sales of insurance products by 10% through telesales initiative• Utilised brought forward tax losses of £0.5 million through complex and inter-related VAT and corporate tax planning• Successfully identified and executed the outsourcing of insurance brokerage back office generating a 20% increase in net profit• Establishment of a JV to provide FM services to properties managed

Worcester, Gb

Master Of Business Administration - Mba, Strategy, Finance, Marketing, Creativity

Bachelor’S Degree, Accounting And Computer Science