Peter Farkas Email & Phone Number

Southampton, England, United Kingdom

Portsmouth, England, United Kingdom

Key responsibilities: • Maintaining cash book and daily bank reconciliations • Processing accruals and prepayments, submitting journals • Providing information to internal and external stakeholders, submitting business surveys • Driving process improvement and automation, implementing robust controls • Building reports, analysis tools and financial models Key achievements: • Rebuilt the cash book reconciliation process from the ground up, automated the production of various sub-reports (e.g. trade receipts summary, cash-flow actuals) and implemented controls to improve accuracy and process efficiency • Built an automated quantitative cash flow forecasting model that uses basic statistical tools to predict cash flows with a 12-week forecasting span. It provides numerous user interaction options, allowing to set underlying assumptions, and various parameters or override calculated figures. The model has achieved an accuracy level of 95-99%.

Eastleigh, England, United Kingdom

Key responsibilities:- Producing daily, weekly and monthly management reports, performing variance analysis- Building new reports and further developing existing ones as required- Modelling financial implications of new projects and business initiatives- Presenting departmental/product financial performance on trading meetings- Assisting internal stakeholders with finance related requests and queriesKey achievements:Developed a recruitment cost reconciliation process using excel, achieving £35k cost recovery as well as improving accuracy and efficiency and thus achieving ongoing cost savings.Streamlined the production of various reports using excel, improving their accuracy, removing inherent operational waste and extending their functionality.

Bournemouth, England, United Kingdom

Key responsibilities:- Producing daily management reports, analysing key driving factors behind changes in metrics- Analysing blocking factors behind failed trades and taking corrective actions as appropriate (desegregating, crossing positions, chasing counterparties upstream, etc)- Liaising with Euroclear bank to lift MTA restrictions to correct incorrect client clearing and segregation account balances in line with CSDR and SEC 15c3-3 regulations- Calculating and instructing transfers of US Treasury bills between FED and Euroclear JPM clearing in order to settle major client trades of UST bills and clear excess balances.- Cooperating with the funding team to ensure sufficient cash balances on Euroclear clearing accounts to settle client trades.Key achievements:Automated the generation of daily management reports using VBA, achieving time/cost saving and improving accuracyImproved and partially automated the UST settlements process by developing a model in excess that automatically calculates depot move requirements, creates pro-forma instructions that can be bulk-uploaded to Euroclear, analyses settlement status and creates proforma journal entries for submission. This has achieved a process time reduction from 5 hours per day to 1 hour per day and improved accuracy and efficiency.

Bournemouth, England, United Kingdom

Initial, temp role at JPM through Resource Solutions

Wimborne, England, United Kingdom

Responsibilities:- Allocating new tenancy deposits to the appropriate deposit accounts, processing tenant deposit returns and update system for tenancy terminations.- Processing payment runs, inter-account transfers and performing bank reconciliations- Processing high volume of supplier invoices

Bournemouth, United Kingdom

Responsibilities- Processing payments based on invoices and other correspondence in a timely and highly accurate manner- Calculating and allocating reserves on the appropriate claim accounts, allocating case fees where required- Investigating and resolving payment and/or technical handling disputes and complaints- Building rapport and good working relationships with brokers and clients, providing excellent customer service at all times.

Bournemouth, England, United Kingdom

Operational Level, Accounting And Business/Management

E1 - passed on 04/07/2024 P1 - passed on 15/08/2024 F1 - passed on 23/09/2024 OCS - coming up in November '24

Ba (Hons), Business Management (Economics), First-Class Honours

Aat Level 4, Professional Diploma In Accounting, Merit

Aat Level 3, Advanced Diploma In Accounting, Distinction

Aat Level 2, Foundation Certificate In Accounting, Distinction

Aat Level 1, Access Award In Bookkeeping And Accounting Software