When I built the financial framework that empowered a new start up to realise $1.3M in profit by year two, I did so by leveraging my eye for the big picture along with my love of detail-driven planning, and authentic collaboration. As a senior finance executive, I’ve had an opportunity to develop strong partnerships with business owners, CEOs and Boards as well as front-line team members. These partnerships have been key in overcoming challenges, implementing new processes, and establishing a strong backbone for business growth. One of the things I’ve come to believe over the past two decades is that true leadership requires a commitment to life-long learning, and the true value of knowledge is realised through cultures of collaboration and shared experience.This philosophy and a naturally curious mind have enabled me to be a reliable and credible professional with a track record of running lean teams that support the business. Some highlights include:✓ Overcoming the challenges of an acquisition and implementing new processes that helped drive growth from $37M to $100M.✓ Launching a new helpdesk service within 24 hours to address the need of a major insurance client after a weather event. Work was not only completed quickly but resulted in $27.5M in new revenue in only 6 months.✓ Addressing a $1.5M+ invoicing problem. After working with team leaders and establishing accountabilities we remedied and put preventative systems into place that minimised further risk.Additional specialties include:► Operational Analysis & Support► Process Optimisation► Cost Controls► Negotiation► Risk Management► Financial Forecasting & Modelling► Business Strategy► Managerial FinanceI look forward to connecting with you!-- Paul Hughespaulwhughes@hotmail.com0409 313 112
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Corporate Services Director ► Business Strategy ► Board Reporting ► Finance ► ReportingMulti Services Solutions Group Anz Jun 2016 - Apr 2019Sydney, Australia-------------------------------------------I partnered with the former CEO of my previous organisation and several other key leaders to launch this new start up. My role involved building all financial support mechanisms, business strategy, KPIs, and Board reporting while leading a team of 4 to provide comprehensive business services.In 2017, we brought in a new CEO and I partnered with this executive to design strategic growth initiatives that included the acquisition and integration of 2 additional companies.-------------------------------------------Some exciting wins during this time include:AUTOMATION & SYSTEMISATION ✓ Month-end reporting was reduced by 2-3 days with no additional resources required after I created several excel macros that replaced an ageing legacy system. EMPOWERING GROWTH ✓ After guiding the MSS business line through a needed accreditation despite a compressed timeline, new projects grew 20% and margins improved 5%.SUCCESSFUL INTEGRATION ✓ By building strong relationships with key leaders and listening to gain perspective, I was able to lead a seamless integration of an acquisition and bring people together to overcome major differences in procedure. -
Corporate Services Manager ► Reporting & Audits ► Change Leadership ► Business GrowthIntegrated Premises Services Jan 2013 - Jun 2016Sydney, Australia-------------------------------------------I was recruited to lead the finance function after the sale of small this high-growth entrepreneurial business to a large multi-national company. During this time, I executed all reporting and audits, budgeting, forecasting, cash flow, tax returns, legal, and insurance while leading a team of 5 to support corporate service functions including payroll, HR, compliance, and IT. Another key piece in this role was my ability to bring people together to resolve commercial, legal, safety, compliance, and HR disputes.Although the transition was challenging, I’m proud to have played an important role in ensuring smooth operation of the finance function.-------------------------------------------A few highlights achieved include:SUPPORTING PROFITABILITY ✓ After taking leadership of back office functions including compliance and helpdesk and aligning team leaders around clear expectations, the organisation realized a 145% increase in profitability within only 12 months. This new approach freed the CEO to focus primarily on new business strategy.COST CONTROLS ✓ By reducing headcount and right-sizing the finance team $750K was saved, overhead decreased, and business valuation increased more than 5X in the final year of a 3-year earn-out.
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Strategic Business Consultant ► Business Strategy ► Pricing Strategy ► Business SolutionsThexton Armstrong Hughes Apr 2012 - Jan 2013Sydney, Australia-------------------------------------------As principal consultant, I guided owners of small business to develop the vision, strategic plans, and more effective teams. An important aspect of my role here was conducting a thorough analysis and a full business diagnosis to inform strategic planning. One thing I enjoyed very much was coaching and mentoring owners through the process of goal setting, prioritisation, and implementation of the strategy. In addition to this, I provided cash flow and financial forecasts, scenario analysis, and task lists to monitor and help achieve objectives.-------------------------------------------Examples of outcomes experienced by my clients include:INCREASED REVENUE ✓ A client in the IT and Communication industry achieved a 20% revenue boost in only 6 months. The strategy developed included a review of pricing, low-cost marketing options, and the negotiation of new terms with selected vendors.REENERGISED TEAMS ✓ A facilities service business struggling with staffing and productivity issues was reengaged after implantation of a new reward system, clearer communications, and a more fun and engaging shift toward friendly competition. This coupled with a new partnership plan resulted in a 12% recurring revenue expense.
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Financial Controller ► Financial Planning ► Foreign Exchange Trading ► Monthly ReportingLaservision Mega Media Sep 2010 - Feb 2012Sydney, Australia-------------------------------------------I was brought in to systemise the finance function during a period of growth for this international business with no previously established structures. I established monthly reporting, financial planning and budgeting, weekly cash flow forecasts, and all tax returns in preparation for a potential company sale. In addition, I worked with the sales team to review contracts and determine pricing and timing of invoices involving major projects in India, Middle East, and Russia. I also led the management of foreign exchange trading for large overseas transfers of up to $1M. Due to the scope of the company and international projects, one aspect that proved essential to success was my ability to learn, consult with others, and design solutions to address a fluctuating international economy.-------------------------------------------Some successes during this time include:TAX STRATEGIES ✓ My research on local tax rules and meetings with Singapore consultants led to a $60K savings in tax payable after a successful claim of a 175% R&D deduction. In India, I negotiated for the 10% non-resident withholding tax to be included in all future project prices. FOREIGN EXCHANGE SAVINGS ✓ After researching and consulting an FX specialist I organised cash flow monitoring to reflect potential exchange rate fluctuation. This strategy yielded a $30K saving in conversion rates in only 6 months. -
Financial Controller ► Financial Accounting ► Reconciliations ► Staff MentoringInsite Organisation Nov 2005 - Sep 2010Sydney, Australia-------------------------------------------As Controller, I supported business operations through management of the finance function and the development of accurate reporting. I reviewed and prepared financial accounts for Management and the Board and also provided strategic advice to directors and CEO that contributed to organisational planning. -------------------------------------------Select highlights include:NEW PROCESSES ✓ After realising a significant issue with uninvoiced work I brought directors together, clawed back $1.5M in work that had not been invoiced and put new processes in place. Future risk of similar reoccurrence is now significantly reduced.ACCURATE & TIMELY REPORTING ✓ I organised P&L by division and assigned ownership to divisional managers. This changed allowed for a more streamlined reporting process and empowered the business to plan more effectively.
Paul Hughes Education Details
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Master Of Business Administration (Mba) -
Accounting -
Institute Of Human TechnologyNeuro Linguistic Programming (Nlp) And Strategic Coaching
Frequently Asked Questions about Paul Hughes
What is Paul Hughes's role at the current company?
Paul Hughes's current role is Senior Finance Executive | CFO | Corporate Services Director ► Building lean teams that drive explosive business growth.
What schools did Paul Hughes attend?
Paul Hughes attended Deakin University, University Of Western Sydney, Institute Of Human Technology.
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Paul Hughes
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Paul Hughes
Chief Financial Officer @ Battery Age Minerals, Equinox Resources, Infini Resources, Pioneer Lithium (Asx: Bm8, Eqn, I88, Pln)Kallaroo, Wa1themortgagegallery.com.au -
Paul Hughes
Melbourne, Vic
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