Philip Smith

Philip Smith Email and Phone Number

Chief Executive at Financial Management 4 Housing @
Philip Smith's Location
Greater London, England, United Kingdom, United Kingdom
Philip Smith's Contact Details

Philip Smith phone numbers

About Philip Smith

I have led the Finance function for three social housing providers and for a commercial property developer. My responsibilities have included the management and development of the finance teams, oversight of the day to day functions, delivery of the performance and financial data to the executive and board, providing guidance to senior management, developing financial strategy and business plans, producing policies, leading risk management, value for money, budgeting and treasury.I have led IT, HR, governance, procurement and facilities management. I am also a board member of a registered provider.I work collaboratively with the executive, senior management and across the business. I have carried out mergers and acquisitions, grown businesses, turned around failing businesses, worked with boards and executives to remove constraints, restructured teams and arranged funding.My key achievements include:- As a Finance Director I ensure the business has adequate cashflow being generated. In one entity, as interim FD, I achieved this by increasing their operating surplus from £2m to £5m. For a local authority owned company I arranged grant funding from government.- Increasing the development capacity at Network by changing the internal funding model and by setting up a formal group structure that enabled the use of underutilised group assets to support external funding. - On treasury I raised funding for four housing associations, the largest was at Network where we raised £400m through a group vehicle. At Aldwyck I restructured the derivative portfolio which provided £1m annual savings for three years.- For a small RP, specialising in mental health and learning difficulties, I have delivered a three-year value for money action plan, having obtained efficiency action plans from all directorates. I also provided the board with an understanding of their operating costs per unit. As a result of my work their governance rating was increased.- I have worked in commercial property development assessing prospective development schemes with the MD. I implemented systems for them and arranged funding. I have also turned around a loss-making logistics company, set up overseas warehousing for a manufacturer and relocated a business.- I work well with boards and committees. I have been commended by Boards on several occasions, for the work I have done with their business, and by the regulator twice.

Philip Smith's Current Company Details
Financial Management 4 Housing

Financial Management 4 Housing

Chief Executive at Financial Management 4 Housing
Philip Smith Work Experience Details
  • Financial Management 4 Housing
    Chief Executive Officer
    Financial Management 4 Housing May 2022 - Present
    London
  • Financial Management 4 Housing
    Executive Director
    Financial Management 4 Housing Oct 2018 - Nov 2023
    London, England Metropolitan Area
    Financial Management 4 Housing provides financial leadership, treasury services and business planning to social housing providers. It carries out project work and interim cover.Clients: Advance Housing and Red Kite Housing
  • Capital Letters (London)
    Director Of Finance And Resources
    Capital Letters (London) Jun 2019 - Jun 2020
    London, United Kingdom
    Capital Letters is a government funded project that works in collaboration with London's local authorities to alleviate and prevent homelessness. At June-19 it was a startup. I implemented systems, policies and processes for finance, IT and HR. I have recruited staff, appointed auditors, implemented financial reporting, forecasting, budgeting, business planning and risk management.In the absence of an Operations Director I have led this function. I recruited housing negotiators, management and a commercial director. I have agreed a pan-London offer rate for landlord offers by borough members. Through managing both functions I have led negotiations with MHCLG to agree and profile our funding.I have agreed the financial strategy with the board. The budget for 2020-21 is linked to the strategy and our corporate plan.
  • Teachers Housing Association
    Finance Director
    Teachers Housing Association Sep 2016 - Oct 2018
    London, Wc1
    I led the finance function and ICT. My responsibilities included the financial management of the business, the production of monthly reporting, the year-end, the annual budget, treasury. financial planning, tax management, risk management and value for money. Initially I set out the company's financial plans and showed its capacity for growth to the Board. I arranged funding in support of the development programme. The CEO and I collaborated on development. I worked with the Exec in resolving operational issues. I was also the HR lead on disciplinary matters.I implemented a call pay system for the Housing team and worked with repairs to automate some of their processes. I worked regularly with the repairs team to ensure budget compliance as well as delivery of the repairs programmes. I have embedded risk management into the business and have implemented the new value for money standard and GDPR. I have developed my team’s abilities and made them outward focused into the business. I have implemented joint meetings with Housing / Finance and Repairs / Finance to improve working relationships and processes.
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  • Chs Group & Ccd Ltd
    Head Of Corporate Finance
    Chs Group & Ccd Ltd Sep 2013 - Sep 2016
    Cambridge, United Kingdom
    I joined the business to support the Group FD in developing the newly formed construction subsidiary, to develop the skills and processes of the finance function, lead on the development of treasury and manage business planning. The role also includes risk management, value for money, tax and procurement.My first year was predominantly spent in developing systems, processes and budget management for the new subsidiary. I reviewed the issues that was hindering the expansion of their development and isolated it to the housing association’s treasury portfolio. I negotiated two existing loans revising loan covenants which enabled development to be trebled. I recommended the group obtain larger sites that enabled outright sales to subsidise affordable units and for the group to move from social rent to the local housing allowance.Within the main group company, I have worked on developing the group’s financial performance; ensuring it links to the main corporate plan objectives, the revised monthly report highlights areas of under-performance which management respond on and who are then monitored. It includes a suite of KPI’s, trend analysis and forecast outturn. The pack also now includes balance sheet and cash-flow. In addition to finance I have taken over business planning for the group and I am responsible for submitting the HCA returns. I am also a member of the group’s investment panel where we assess prospective development schemes. Aside from advising on tax, funding and fit with our business plan I am also responsible for briefing members and the New Business and Development Committee on regulatory and legislative changes.
  • Aldwyck Housing Group
    Treasury Manager & Interim Director Of Finance
    Aldwyck Housing Group Jul 2011 - Feb 2013
    Luton
    I joined Aldwyck as the Treasury Manager looking after a portfolio of around £500m. Contributing to the corporate objectives I generated £1.05m in annual interest savings from restructuring the derivative portfolio, resolved a number of funding constraints, organised new funding and developed relationships with six new lenders to the group.Following the departure of the FD in September 2011, I was asked by the Chief Executive to step up into the role on an interim basis. I revised the business plan, completed the budget, redesigned the management accounts, commenced reviews of systems and KPIs, negotiated an improvement in the Group’s TSA viability report, challenged the group to lift its profit; and recommended changes to group structure to improve tax efficiency. Through three initiatives I moved the group from £2m to £5m net profit. I presented the budget and business plan to the Board who unanimously accepted them. The regulator, who was also attending, commended the work that I had done in lifting the net surplus from £2m to £5m.My role took in overall responsibility for IT. Initial changes were to extend the coverage of the help desk and also to have them undertake half-day surgeries around the business. The information from the surgeries identified some poor interaction between systems and processes. An interim project manager was brought into to review the software scripts and an interim trainer provided training to ensure uniformity of approach to the housing system and also provided enhanced training for relevant staff. I brought in a consulting firm to review ICT and assess current systems and structure against industry norms. From the report’s recommendations we developed a business case assessment prioritising those which would aid direction of travel of the group’s medium term aims. This was the basis for the ICT strategy which was approved.
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  • Hertsmere Borough Council
    Accountant & Treasury Manager (Interim)
    Hertsmere Borough Council Nov 2010 - Mar 2011
    Borehamwood
    I initially managed the treasury function, placing investments, evaluating cashflow and rewriting their treasury strategy. I stayed on to assist the Director of Resources; I produced their financial and investment strategy, completed their budget process, set up templates for the new system, set up year-end schedules and assessed the business plans of their trading entities.
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  • C&M Construction
    Divisional Finance Manager (Interim)
    C&M Construction Nov 2009 - Mar 2010
    Harefield, Middlesex
    I managed the finance team for a division of a national group; I was responsible for providing financial services to thirty four companies. My responsibilities included managing a team of ten, integrating an additional five companies’ workload, year-end, month end, system migration, vat returns, ad-hoc reconciliation work and improving their reporting process.I initially joined the company on a short six week assignment to create a budgetary model. On completion the Finance Director asked me to extend my assignment and take on the role of the Divisional Finance Manager.
  • Network Housing Group
    Financial Planning Manager
    Network Housing Group May 2001 - Mar 2009
    Wembley
    At Network, I managed the business planning and treasury. My remit covered revising policy, recommending treasury strategy, strategic business planning, arranging funding, cash flow forecasts, investment appraisal, risk management, financial management of complex projects and insurance procurement.On the business planning role, my responsibilities included the initial development of the financial model and from it produce the Group’s five year business plan. With the model I assessed acquisitions, divestments, major projects and determined a mechanism for funding growth and improving asset usage. On treasury, my role included the preparation and submission of Board reports, the recommendation of treasury strategy, development of treasury policy, analysing funding needs, arranging finance, negotiating agreements, cash flow forecasts, implementing hedging, investment appraisal, management of cash systems and the treasury team. I was also responsible for procurement and management of the Group’s insurance cover.In my role I also managed the implementation of the fixed asset register, improved the management reporting, reduced the reporting timescales, cleaned the data from housing system, carried out due diligence on a potential Group member, dealt with stock transfers, and the disposal and rationalisation of stock around the Group.
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Philip Smith Skills

Managerial Finance Risk Management Cash Flow Financial Analysis Financial Reporting Financial Audits Variance Analysis Finance Accounting Internal Controls Budgets Financial Accounting Financial Modeling Project Management Forecasting Strategic Financial Planning Restructuring Treasury Management Business Planning Management Accounting Mergers And Acquisitions Strategy Strategic Planning Account Reconciliation Treasury Policy Management Due Diligence Project Planning Governance Change Management Cash Flow Forecasting Team Management Negotiation Analysis Financial Services Procurement Public Sector Social Housing Stakeholder Management Performance Management Local Government Charities Affordable Housing Stakeholder Engagement Private Sector Cash Management Contract Management Business Strategy Interim Management

Philip Smith Education Details

Frequently Asked Questions about Philip Smith

What company does Philip Smith work for?

Philip Smith works for Financial Management 4 Housing

What is Philip Smith's role at the current company?

Philip Smith's current role is Chief Executive at Financial Management 4 Housing.

What is Philip Smith's direct phone number?

Philip Smith's direct phone number is +4479545*****

What schools did Philip Smith attend?

Philip Smith attended University Of Westminster.

What are some of Philip Smith's interests?

Philip Smith has interest in Reading And Swimming.

What skills is Philip Smith known for?

Philip Smith has skills like Managerial Finance, Risk Management, Cash Flow, Financial Analysis, Financial Reporting, Financial Audits, Variance Analysis, Finance, Accounting, Internal Controls, Budgets, Financial Accounting.

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