Peter Manchester Email & Phone Number

Sydney, New South Wales, Australia

Sydney, Australia

I joined SVA over years ago when it was an organisation of 60 people and had no formal IT or Property function and an under developed finance function. Creation of a separate IT function, transformation of the finance systems and building of a high performing finance team were some of the key achievements.

Sydney

Crestone is a new business which acquired the UBS Wealth Management Business.Reporting to the COO the role was responsible for project finances up to acquisition in addition to setting up all finance systems and processes for BAU and managing corporate asset transition.

Sydney

Mortgage administrator, securitisor and originator with over $1.3 billion in Assets Under Management.Reporting the CEO core responsibilities included Management Reporting, Statutory Accounts, Company consolidated and trust stand alone tax returns, investment pricing and due diligence, product pricing, holder of key banking relationships, budgeting and cash-flow management.Key achievements included implementation of a new Microsoft Dynamics GP accounting system on time and within… Show more Mortgage administrator, securitisor and originator with over $1.3 billion in Assets Under Management.Reporting the CEO core responsibilities included Management Reporting, Statutory Accounts, Company consolidated and trust stand alone tax returns, investment pricing and due diligence, product pricing, holder of key banking relationships, budgeting and cash-flow management.Key achievements included implementation of a new Microsoft Dynamics GP accounting system on time and within budget increasing reporting efficiency and cost control, accounted for $2 billion book acquisition including effective yield calculations that maximise profitability and developed detailed amortisation models to optimise the value of amortisation being expensed on an annual basis. Show less

Sydney

Allco was a large investment enterprise which included securitisation and mortgage origination as one of its core businesses. The mortgage origination business had mortgage assets of over $1.1 billion and a further $300 million of lease receivables.Responsible for the General Management of the division during the business wind down process which included the successful transfer of all trusts to a new administrator. Key achievements includedKey achievements included negotiated… Show more Allco was a large investment enterprise which included securitisation and mortgage origination as one of its core businesses. The mortgage origination business had mortgage assets of over $1.1 billion and a further $300 million of lease receivables.Responsible for the General Management of the division during the business wind down process which included the successful transfer of all trusts to a new administrator. Key achievements includedKey achievements included negotiated settlement of outstanding receivables in Trusts with third parties enabled the recovery of a majority of the outstanding debt plus allow for the wind-up of the trust and the winding up of more than fifty separate trust structures including transfer of loan facilities. Show less

Sydney

Managed the mortgage business operations during wind-up (completed Oct 08) with core responsibilities including managing of the relationship with banking syndicates including provision of weekly cash flows and transfer of Trust Management and Master Servicer obligations to third party providers.During this transition period I managed the wind-up of operations including the retrenchment of 40 staff over a period of 6 months, led the negotiation team in regards to an agreement with the… Show more Managed the mortgage business operations during wind-up (completed Oct 08) with core responsibilities including managing of the relationship with banking syndicates including provision of weekly cash flows and transfer of Trust Management and Master Servicer obligations to third party providers.During this transition period I managed the wind-up of operations including the retrenchment of 40 staff over a period of 6 months, led the negotiation team in regards to an agreement with the Trustee relating to more than 12 trusts and successfully negotiated a lump sum payout of future trail obligations with more than 20 individual mortgage originators, bringing about a saving of more than $4mil over 2 years. These negotiations were carried out in atmosphere of market chaos and involved significant building of trust with the managers. Show less

Sydney

Responsibilities included management of Statutory Accounting process, valuation and accounting for investment and securitisation transactions, all taxation related issues, trust reporting, managed investment submissions to Group, impairment provisioning including development of new methodologies management of accounting and administration team of 8 people.I developed a detailed trust budget model including subordination calculations which had the flexibility to perform various scenarios… Show more Responsibilities included management of Statutory Accounting process, valuation and accounting for investment and securitisation transactions, all taxation related issues, trust reporting, managed investment submissions to Group, impairment provisioning including development of new methodologies management of accounting and administration team of 8 people.I developed a detailed trust budget model including subordination calculations which had the flexibility to perform various scenarios and improved the understanding of trust performance. Additionally I re-engineered the accounting function, instigated external audit reviews of key investor reporting models and developed and controlled commission payment mechanisms to enable payments to be made earlier in the month. Show less

Sydney Cbd

HBOS Australia had four distinct business being retail banking, insurance and wealth management, asset investment and business banking.The role of deputy head of tax was to establish a tax presence in the East Coast based business and provide technical taxation advice in relation to general tax matters and for new business initiatives. This required significant relationship building with business heads and key business writers. Transfer pricing agreements were also negotiated with the… Show more HBOS Australia had four distinct business being retail banking, insurance and wealth management, asset investment and business banking.The role of deputy head of tax was to establish a tax presence in the East Coast based business and provide technical taxation advice in relation to general tax matters and for new business initiatives. This required significant relationship building with business heads and key business writers. Transfer pricing agreements were also negotiated with the ATO resulting in significant tax deductions being made available to one of the Group’s Australian businesses. Show less

Sydney, Australia

Capital Finance Australia, a division of HBOS australia, specialised in motor vehicle, marine and equipment leasing. The company had total loans exceeding $8 billion.Responsibilities included coverage of all tax related issues, treasury, financial due diligence on prospective investments, implementation of major system and accounting changes, management accounts (including UK reporting), statutory accounts, impairment provisioning and determining accounting and treasury impacts of new… Show more Capital Finance Australia, a division of HBOS australia, specialised in motor vehicle, marine and equipment leasing. The company had total loans exceeding $8 billion.Responsibilities included coverage of all tax related issues, treasury, financial due diligence on prospective investments, implementation of major system and accounting changes, management accounts (including UK reporting), statutory accounts, impairment provisioning and determining accounting and treasury impacts of new business initiatives.I provided ongoing, commercially focused and value adding information and advice to business development managers. The finance function became integral to decision making and strategy formulation through regular consultations with key players in order to better understand their needs. I was also Program Manager for the implementation of International Financial Reporting Standards and Developed full gap analysis to enable checklist of Prudential Source Book (PSB) requirements in relation to market risk to ensure full compliance with International Bank of Settlement requirements and initiated and carried out a complete review of GST apportionment processes resulting in in a one-of saving in GST to the company of over $1 mil and annual savings of over $300K. Show less

Education record

Bachelor Of Commerce, Accounting And Finance