Alan Harcombe
Cayman Islands
Summary
Versatile, forward thinking Financial Controller/Finance Manager and Accounting professional with proven track record providing transformative leadership to growing organizations across several industries. Expert in setting financial targets and devising strategies to improve internal controls, standards, and processes. Successful in advising business executives on financial strategies driving short-term and long-term growth. Skilled in uncovering opportunities to improve financial growth, risk management and internal controls while managing all accounting functions. minimizing risk. Motivated to keep company financial operations compliant, accurate and cost-effective. International work experienced gained having lived and worked in South Africa, Dubai and the Cayman Islands.
Creative analytical person, comfortable working at all levels within an organization. Possess strong commitment to team environment dynamics with the ability to contribute expertise and follow leadership directives at appropriate times. Ready to bring 28+ years of experience and take on a challenging new role.
Overview
29
29
years of professional experience
Work History
Interim Regional Financial Controller (Contract)
Ocorian Trust Cayman Limited
10.2023 - Current
- Responsible for overseeing the finance function and related activities for Cayman and the BVI offices of Ocorian (Including Ocorian Law)
- Month end close and reporting
- Attend Cayman Risk Committee monthly meetings
- Presenting financial results to the Board of Directors for Cayman and BVI
- Year end audit and liaison with auditors
- Preparation of year end Financial Statements for audit
- Implementation of new process for management and payment of client annual regulatory fees.
- Presentation of Accounting system training to offshore outsourced finance function support team (Mauritius).
- Review and approval of monthly payroll for Cayman and BVI as well as associated payroll journals and FLEC submissions to Group.
- Maintenance of key Balance Sheet reconciliations.
- Point of contact for the various Service Lines and revenue reporting to Service Line heads on a monthly basis.
- Review and approval of credit note requests and bad debt write offs.
Senior Associate Director - Finance
The Catalyst Group
04.2022 - 06.2023
- Prepare accurate financial reports and monthly statements for accounts receivable and payable.
- Collaborate with operations team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
- Manage payroll data entry and processing for Cayman, USA, Canada and South Africa office locations.
- Plan budgets, authorize all expenditures, monitor all accounting processes, and coordinate financial reporting to oversee all fiscal procedures.
- Lead organizational cash flow and cash flow forecasting initiatives.
- Managing Treasury function with multi-currency and multi-jurisdictional impacts.
- Mitigate risk by implementing internal controls and safeguards for revenues and expenditures.
- Complete journal entries, reconciliations and account analysis to prepare quarterly financial documents and general account management.
- Create and distribute reports on internal and external finances, audits and budgets.
- Provide treasury and cash management by overseeing reconciliation of banking activity, credit card processing and tax returns.
- Work with heads of departments to create annual budget and track actual expenses against projected expenses.
- Successfully implemented departmental accounting and accounting by product.
- Manage budgets, assets, accounts payable and receivable and general financial reporting procedures.
- Manage all daily financial functions
- Prepare balance sheets, cash flow reports and income statements.
- Follow up with delinquent accounts to obtain funds and reduce aging balances.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Complete year-end close processes
- Calculate commissions based on established parameters and disburse quarterly payments.
- Increased precision by utilizing up-to-date billing mechanisms.
- Reduce waste and boost productivity by restructuring finance and accounting department.
- Work closely with all banking relationships.
- Oversee accounts payable and receivable operations .
- Organize and maintain five companies budgets and all financial administration
- Established and implemented a live unbilled revenue programme to monitor unbilled work, to liaise with operations and to ensure completeness and increased cashflow.
- KPI reporting to EXCO.
- Monthly monitoring of regulatory financial requirements, ensuring regulated entities compliant.
- Successfully brought in house, the financial function of the South African operation, previously outsourced.
- Successfully prepare and deliver financial statements for audit to meet regulatory submission deadlines.
Associate Director - Finance
MUFG Fund Services / Financial Controller - Maitland Financial Group
07.2016 - 03.2022
- MUFG Fund Services acquired the Cayman and Canadian operations of the Maitland Financial Group Limited on 30 October 2020.
- Pre 30 October 2020, lead the internal financial function of the Maitland Financial Group, with offices in Cayman, USA, Canada, Ireland and South Africa.
- Monthly group consolidated reporting to the group's Board.
- Monthly management and reporting on adherence to CIMA regulatory requirements.
- Group cashflow management and liaison with external funders of the business, ensuring cash resources suitably placed to meet obligations of the business.
- Cashflow management for multi jurisdictional, multi currency group entities.
- Management of treasury function, adopting hedging strategies to minimise exposure to currency fluctuation
- Liaison with various departmental heads to spearhead the annual budget process.
- Monthly preparation of working papers for entities under MUFG control.
- Cost Flash reporting pre month end, identifying material month on month fluctuations.
- Review and approvals of finance team deliverables, ensuring journals and related activities all accurately and timeously recorded within the accounting system.
- Driving the annual audit process for Cayman, Ireland, and South African subsidiaries, to meet regulatory submission requirements.
- Post MUFG acquisition of the two Maitland Financial Group Limited subsidiaries, lead the transition of take-on accounting balances, with detailed supporting documentation.
- Calculation of monthly intercompany management fees.
- Delivered annual financial statements for audit purposes for successful submission to the regulator.
- Established team priorities, maintained schedules and monitored performance.
Controller - Financial Analysis
Maitland Financial Group
10.2015 - 07.2016
- Accurately completed financial statement audits and thoroughly reviewed results.
- Reviewed documents and data to give accurate presentations and forecasts to upper management on various projects dealing with the take-on of new client groups.
- Prepared balance sheets, cash flow reports and income statements.
- Projected monthly cash expenditures through efficient budgeting and detailed document reviews.
- Supported program managers in providing procedural training on finance and accounting.
- Reviewed processes and procedures to guide program implementation and optimize auditing.
Finance Business Analyst
Sanlam
07.2015 - 10.2015
- Worked with application and technical experts on solution design, implementation, support, maintenance and enhancement of group's new intermediary payment system.
- Partnered with business functions to define, determine, analyze, document and communicated objectives, business requirements and priorities for the new system.
- Supported solution assessment and validation to check functional and technical specifications against identified business needs.
- Collaborated with stakeholders to identify business needs and data sources.
Financial Controller
Silverfin Development Company Ltd & Orion Developers Ltd
10.2010 - 09.2014
- Orion Developers was the asset management arm for the previous owner of the Ritz Carlton, Grand Cayman.
- Financial accounting for various development projects in Grand Cayman, including the Residences at the Ritz Carlton, Secret Harbour, The Deckhouses.
- Full accounting function for re-development and renovations within the Ritz Carlton as well as the Residences, both sold and for sale.
- Developed financial model for the development of upmarket condominium units in Grand Cayman (FIN).
- Tracked and managed all development spend and ensured all activity accurately accounted for in the accounting system. Actual vs Budget reporting.
- Collaborated with project managers on budget development.
- Successfully delivered the full development financial accounting and reporting and tracking for the Port Authority Marina, Safehaven, Grand Cayman, including working with the main contractor on payment requests ensuring in line with contractual terms.
- Accounting and reporting on various entities associated with amenities provided to owners of units at the Residences, Ritz Carlton.
- Reviewed documents and data to give accurate presentations and forecasts to upper management.
- Calculated salesperson commissions based on established parameters and disbursed payments.
- Provided financial modelling and analyses on various re-development proposals, impacts on profitability and property valuations, for example, Half Moon Bay (Jamaica).
- Conducted research on CAP rates in the Caribbean.
- Successfully managed the finance and accounting function of the North Sound Golf Club, on behalf of the Dart Group.
- Member of the team that brough the inaugural legends tennis tournament to Grand Cayman
Group Financial Manager
Tri-Torq Group
08.2008 - 09.2010
- Returned to work for the group in 2008 as Group Financial Manager, upon specific invite by the MD, after having worked for the organization previously (2003-2005) .
- Managed high volumes of financial activity in fast-paced, manufacturing environment.
- Drafted reports for shareholders for use in strategic planning and decision making.
- Managed team of finance and operations professionals, with day-to-day responsibility for contracting, order processing, forecasting, budgeting, reporting and analysis.
- Created and implemented effective accounting systems, best practices and policies.
- Developed annual budgets in collaboration with the Managing Director.
- Identified and investigated variances to optimize financial plans and forecasts.
- Managed accounting-team data and organizing payroll, adjustments and monthly accrual information.
- Developed and presented financial data, financial statements and variance narratives to Shareholders.
- Developed and transformed finance team from transactional to analytical to provide enhanced business support.
- Created year-end audit files for auditors to control and reduce audit costs and accurately prepared year-end financial statements.
- Synthesized financial and budgetary information to solve problems and develop alternative solutions.
- Cash management and cashflow forecasting.
Portfolio Financial Manager
Retail Africa Asset Management
08.2005 - 07.2008
- Retail Africa Asset Management is the asset management arm of the Retail Africa Property Fund, a private equity fund specialising in the development and ownership of upmarket convenience shopping centres in South Africa.
- Manage interest rate swaps with property financing deals.
- Led financial planning and analysis by managing key metrics, analyzing data and providing support and insight for strategic planning.
- Established budgetary benchmarks and formulated financial management strategies by researching operating and historical financial records.
- Project development and construction accounting until completion and ultimate transfer to the fund.
- Assisted in the restructure of a retail-focused property fund with multi-million-rand gross assets, including financial modelling with the subsequent sale of 40% of the fund to a third-party investor.
- Actively involved with property managers from both operational and financial reporting perspectives.
Financial Controller
Alimarca LLC (contract)
01.2003 - 06.2003
- Prepared accurate financial reports and monthly statements for consolidation up to holding company in Switzerland.
Manager
Charteris & Barnes, Chartered Accountants
03.1995 - 12.2002
- Completed articles of clerkship / training contract under the auspices of the South African Institute of Chartered Accountants.
- Managed various audit assignments across a number of varying industries.
- Provided accounting services to various clients.
- Developed and maintained relationships with clients.
- Managed a number of commercial properties on behalf of the partners of the firm, including full accounting and audit services, tenant contract negotiations and day to day property management.
- Managed a residential property on behalf of the senior partner, including closing sales on a number of the units to new owners.
- Consulted on new accounting systems for clients, including successful installation, roll out and training.
Lecturer (Part Time)
Damelin College
01.2000 - 12.2000
- Evaluated and revised lesson plans and course content to achieve student-centered learning.
- Used variety of learning modalities and support materials to facilitate learning process and accentuate presentations.
- Arranged syllabus, developed schedule, and determined reading list for varied courses simultaneously, giving students appropriate time to complete assignments and absorb information.
- Selected and designed lesson plans and curriculum to meet academic objectives.
Education
Bachelor of Commerce -
University of Natal
Pietermaritzburg, South Africa10.1999
Advanced Excel For Financial Managers
CBM Institute
South AfricaMatric (High Scool) -
Maritzburg College
South Africa11.1990
Certification For Microsoft Excel For Windows XP
Dynamix Computer Training Centre
Successfully Completed Articles of Clerkship
South African Institute of Chartered Accountants
South Africa1999
Skills
- Team Management
- Strong Organizational Skills
- Corporate Finance/Treasury Management
- Financial Management
- Budgeting and Resource Management
- Month-End and Year-End Closings
- Internal Control Management
- Financial Statements Expertise
- Audit Process Management
- Account and Ledger Reconciliations
- Corporate Financial Strategy
- Financial Budgeting and Reporting
- Critical thinker and team player
- Excellent communication skills
- Creative and professional
SYSTEMS
- Extensive use of Quickbooks
- Great Plains
- EXACT Online
- Business Central (Microsoft)
- Orion Accounting software
- Autopart
- Microsoft Office with advanced Excel skills
- SAGE Timberline
- SUN Accounting System
- Aderant
Languages
English
Native language
French
Intermediate
B1
Afrikaans
Proficient
C2
HOBBIES
- Cycling
- Cricket
- Golf
- Scuba Diving
- Tennis
- Chess
- Community Involvement
Timeline
Interim Regional Financial Controller (Contract)
Ocorian Trust Cayman Limited
10.2023 - Current
Senior Associate Director - Finance
The Catalyst Group
04.2022 - 06.2023
Associate Director - Finance
MUFG Fund Services / Financial Controller - Maitland Financial Group
07.2016 - 03.2022
Controller - Financial Analysis
Maitland Financial Group
10.2015 - 07.2016
Finance Business Analyst
Sanlam
07.2015 - 10.2015
Financial Controller
Silverfin Development Company Ltd & Orion Developers Ltd
10.2010 - 09.2014
Group Financial Manager
Tri-Torq Group
08.2008 - 09.2010
Portfolio Financial Manager
Retail Africa Asset Management
08.2005 - 07.2008
Financial Controller
Alimarca LLC (contract)
01.2003 - 06.2003
Lecturer (Part Time)
Damelin College
01.2000 - 12.2000
Manager
Charteris & Barnes, Chartered Accountants
03.1995 - 12.2002
Bachelor of Commerce -
University of Natal
Advanced Excel For Financial Managers
CBM Institute
Matric (High Scool) -
Maritzburg College
Certification For Microsoft Excel For Windows XP
Dynamix Computer Training Centre
Successfully Completed Articles of Clerkship
South African Institute of Chartered Accountants
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