Frank Femia

Experience

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  Coopers & Lybrand

  Nov 1988 - Jul 1990

  Graduate/Intermediate Auditor
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  Joe Ferrone & Co

  Jul 1990 - Jan 1995

  Manager Business Services
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  Sealcorp Ltd

  Feb 1995 - Feb 1997

  Management Accountant

  Sealcorp Ltd was parent company for Asgard. Platform administered approx. $2Bill FUA and Group employed approx. 370 staff.• Assist Group Management Accountant with budget and forecast preparation.• Developed and redesigned Excel models to be used by cost centre managers for building their budgets.• Built and designed various budget and forecast consolidation models. • Redesign office cost allocation models.• Prepared and designed various financial packs to support the budget process. This included both the instruction packs for cost centre managers and the financial reporting packs used by the Sealcorp Executive team. • Assisted in the implementation of the Sun General Ledger system into Sealcorp. Show less

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  Sealcorp/Asgard/St George Bank Wealth Management

  Mar 1997 - Dec 2004

  Group Management Accountant

  • Lead the Management Accounting team function for the Group and managed, mentor and develop professional staff.• Coordinate and prepare the Group’s annual budget for executive and Board sign off.• Report and manage Budgets and Forecasts reporting with St George Bank Group Finance.• Prepare three year strategic forecasts and present to the executive team.• Lead, manage and develop the Group’s forecast process.• Provide analysis of variances between actual results and plan (forecast and budget). Provide recommendations and advice in identifying revenue and cost saving opportunities to CEO and Executive team. Key Achievements• All budgets, forecasts and strategy financials delivered with Board approval.• Successfully integrated Sealcorp budget process into St George Bank process.• Re-engineered the budget data capture methodology and streamlined the budget process timetable from 4 months to 7 weeks. • Implemented face to face budgeting support process resulting in; • Reduced the time spent by each state manager on the budget by 4 days (20 day saving for Group) with a better quality result. Developed relationships that increased business knowledge between Finance and sales, creating opportunities to improve business intelligence and investigative analysis. • Developed three year financial strategy models for the Group. • Management Accounting Team under my leadership developed an Excel based product and channel profitability model for Group. • Developed the financial analysis methodology to enable the redevelopment and implementation of the Group’s Dealer pricing model.• Worked on the St George Best Bank Project to identify revenue opportunities for Sealcorp. Revenue and cost opportunities of $10mill were identified through this process. • Liaised with lawyers and corporate bankers to ensure corporate banking compliance requirements during transition to St George Bank were met. Show less

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  Asgard Wealth Solutions

  Jan 2005 - Nov 2009

  Head of Decision Support

  Subsidiary of Westpac/BT Financial group. $50Bill FUA prior to GFC• Provided business support to the Asgard Wealth Solutions Executive team with strategic and financial analysis to evaluate business opportunities and system enhancements. • Financial Business case development and review for Information Technology and Software Product Development initiatives/projects (approximate IT Budget of $30mill per annum).• Provide leadership to the financial accounting team with the budget and forecasting process. • Monitor business financial performance and identify opportunities and risk against plan.• Provide leadership to the financial accounting team to assist in developing their commercial and financial analytical skills.• Actively supported the Director of Institutional Business with new business proposals and contract renegotiations with both financial modelling and business risk support. • Lead, manage and mentor staff to enhance their personal and professional development. Key Achievements• Lead a highly skilled Decision Support/Analyst team to provide financial analysis support to the business. The teams output was of such quality that other Divisions requested the services of the team. • Implemented and ran an Activity Based Costing and revenue model to measure product and adviser profitability. The model facilitated Product related business cases and other analytical work. • Presented product and channel product analysis to the Asgard Executive team highlighting underperforming business lines and making recommendations. Just one example of my analysis work produced a net saving of over $250,000 per annum.• Successfully developed and recommended a pricing model with Asgard’s major Institutional client during contractual negotiations which was an integral component in securing a 5 year contract worth over $75million.• Was an inaugural member of the Leaders Forum (Leaders Forum consisted of the top 50 managers from across all segments of the business). Show less

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  Chamber of Commerce & Industry of Western Australia

  Dec 2009 - May 2017

  Key Responsibilities• Assist CFO with strategic projects.• Lead a team in the effective delivery of month end reporting, planning, budgeting, forecasting and business support for the CCI Group. • Lead Finance team to ensure accurate and timely production of monthly results and Board financial reporting pack inclusive of variance analysis and commentary.• Develop reporting enhancements to assist management with the financial management of their respective business operations.• Monitor divisional financial achievements to ensure they are in line with the organisation’s agreed financial strategy.• Assist Group Executive and Managers with any financial analysis, investigation and interpretation as determined by business requirements and needs.• Assist management in the evaluation and providing advice with respect to commercial opportunities and optimising systems.• Key Business Partner for Apprenticeships Australia, Industrial Training Institute businesses and Information Technology team. • Develop financial models for contract negotiations with key clients (Woodside, BHP and Chevron). • Review contracts to ensure financial and commercial terms and risk within organisation scope.• Manage CCI’s Insurance program and liaise with business and insurers on claims/operational issues. • Review and authorise payment of professional and apprentice payroll.• Review BAS returns.• Review and authorise accounts payable payments.• Fleet Management – Financial and business operational responsibilities.Key Achievements:• Supported CFO with the sale of Apprenticeships Australia business to Programmed. Work included financial modelling, due diligence assessments, contract reviews. • Successfully supported Industrial Training Institute with pricing and commercial advice in tender to win $3mill BHP training contract and further $600k contracts.• Key pricing advice re Woodside apprentice contract ($9mill pa) Show less • Lead a team in the effective delivery of planning and business support (including budgeting, forecasting, financial modelling, contract management and assurance services). • Ensure the timely and efficient delivery of the organisation’s annual business planning cycle.• Ensure that CCI’s strategic, business unit and risk planning processes are efficient, monitored and measured to enable achievement of desired outcomes.• Monitor divisional financial achievements to ensure they are in line with the organisation’s agreed financial strategy.• Provide ongoing educational and financial skill transfer knowledge to managers.• Assist management in the evaluation of commercial opportunities and optimising systems.Key Achievements• Redeveloped the organisation’s forecasting process to enable reporting of monthly forecasting results. • Lead the successful implementation of the Prophix system (OLAP Performance Management software) to provide online forecasting and budgeting to 50 users.• Won a staff excellence award presented by the CEO for the success of the Prophix implementation project.• Redeveloped a streamlined budget process for CCI allowing for successful delivery of all budget financials at one Board meeting which had not been achieved in prior years.• Lead the development of a one day financial management training program which was delivered to all CCI Executive and management.• Redeveloped planning team to have a greater commercial and customer service focus. Show less

  • Manager, Planning and Reporting

    Dec 2011 - May 2017

  • Manager, Planning and Assurance

    Dec 2009 - Nov 2011
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  Landgate

  Aug 2017 - Jan 2018

  Business Analyst (Contract)

  Supporting Strategic Project Office team with Business case development and assessment.

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  St John of God Health Care

  Jan 2018 - Nov 2021

  Group Capital Accounting Manager
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  Galati Group

  Nov 2021 - now

  Group Accountant