Michael Chang

Experience

• 

  Forrester Korfiatis

  Aug 2004 - Oct 2006

  Accountant
• 

  BDO in Australia

  Oct 2006 - Apr 2010

  Senior Accountant

  Based in the business services division, responsibilities included:- Preparation of income tax returns and financial statements for all entity types.- Preparation of business activity statements and other tax compliance matters.- Providing strategic tax and structuring advice.- Mentoring junior staff members.

• 

  Westpac Group

  Apr 2010 - now

  - SME on institutional Asset Finance, Trade Finance and Structured Finance loan products.- Performance management including forecasting and target setting.- Change and project management.- Financial modelling of revenue and balance sheet.- Development of risk mitigation controls.- Continous improvement intiatives.- Managing and mentoring of staff.Key Achievements:- Divisional award presented for greatly assisting the business during a adverse period by providing key financial inputs.- Finance SME on successful transistioning of LIBOR to ARR. Show less - SME on institutional bi-lateral and syndicated loan portfolio.- Performance management including quarterly rolling forecast and annual target setting.- Customer profitability reporting and analysis.- Continous improvement initiatives (E.g. development of customised reporting tools utilising advanced excel, SQL and VBA).Key Achievements:- Implementation of TM1 into reporting, greatly reducing manual effort.- Deep dive into portfolio margins and development of analytical tool resulting in ability to perform detailed analysis more efficiently.- Implementation of revised group wide transfer pricing framework into current reporting models together with increased flexibility in analysis capabilities. Show less - Review of half yearly annual/ASX reports and senior management/board packs.- Project management on group wide initiatives.- Chairing monthly group results meeting with a number of Head of Finance detailing performance drivers, issues and improvement opportunities.- Managing and mentoring junior staff members.Key Achievements:- Implementation of new fair value accounting standards disclosure including liaising with senior stakeholders for review and sign-off, accounting policy and conducting industry best practice analysis.- Simplified reporting for senior management. Utilised in board audit committee discussions resulting in strong positive feedback.- Significant improvement of intern to graduate conversion rate from 0% to 75%. Show less - Preparation of half yearly annual/ASX reports and detailed commentary for senior management review.- Assisting in the planning of company wide key deliverables to ensure strict external reporting deadlines are adhered to.- Managing and mentoring junior staff members.Key Achievements:- Developed analytical tool for tracking of key financial statement line items.- Implemented detailed notes on financial statements to assist senior management review.- Development and implementation of new APRA reporting requirements. Nomination for CFO award by senior stakeholder. Show less - Key statistical returns for APRA, RBA, ABS including detailed analysis.- Chairing of review/sign-off meetings with senior stakeholders (Head of Finance).- SME on APRA reporting uplift project.- Continuous improvement initiatives.- Mentoring and training of graduates.Key Achievements:- Developed automated checking tool resulted in saving of over 400 hours of manual work. Recognised achievement by winning CFO award.- Successful implementation of APRA reporting uplift project. Show less

  • Customer Analytics & Insights Senior Finance Manager

    Jan 2023 - now

  • Corporate & Institutional Banking Senior Finance Manager

    Oct 2019 - Jan 2023

  • Corporate & Institutional Banking Finance Manager

    Jul 2016 - Oct 2019

  • Manager (Group Statutory Reporting)

    Sept 2014 - Jul 2016

  • Manager - Capital Optimisation Project (secondment)

    May 2014 - Sept 2014

  • Senior Financial Accountant (Group Statutory Reporting)

    Sept 2012 - May 2014

  • Senior Analyst (Regulatory Reporting)

    Apr 2010 - Sept 2012