Richard Sherwood

 

Richard Sherwood - Professional Summary:     

 

Finance and Administration Director with International and commercial experience gained in a number of senior finance roles in the UK, USA and Caribbean.

 

Since 1994 has concentrated solely on freelance consultancy and interim management positions.

Successfully completed a number of major project assignments including Shared Service Centre implementations, Interim FD roles, major systems migrations, operational and financial reviews for major organisations, SOX projects, budget and forecasting reviews, creation of KPI reporting and detailed cash flow forecasting, industries include: Hotels, Rail, Health, Telecoms, Construction, Public Relations, Financial Services and Manufacturing.

 

Chartered Management Accountant (FCMA) with a practical "hands on" approach with the ability to understand new situations, focused on delivery and achievement of targets within set timescales and budgets.

 

Operational Accounting specialist with strong skills in system migration, financial review, internal controls design, ERP implementation especially with regard to Shared Service Centre design and set-up.

 

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Richard Sherwood - Professional Experience:     [ 

Name:Richard Sherwood 41 Skipwith Road

Nationality: British Escrick

Car Driver/Owner Yes YORK

richard.sherwood@ridgewood.co.uk North Yorkshire

YO19 6JA

 

01904 728799

07809 668428

Education/Qualifications

1978: FCMA

1977: Institute of Chartered Secretaries and Administrators

 

Employment History

 

Brookhouse Holdings Limited

Sarbanes Oxley Project

October 2008 to June 2009

 

Engaged to detail process documentation for all financial processes across three operating divisions and Head Office process for BHL

Additionally prepare Control Matrix for each process defining Key controls.

Implement segregation of duties controls with IT

Implement authority and approval matrix for approvals and authorisations across all divisions.

Liaise with divisional and head office management and US parent on walkthrough and initial evaluation of detail processes.

Prepare draft testing program. Tests covering: Purchase to Pay, Wages and Salaries, General Accounting, Order to Cash and Inventory Control

Report weekly to US on progress and issues.

 

Berkshire Shared Services (NHS)

Procure to Pay Review and Recommendations

August 2008 – October 2008

Engaged to prepare and review reorganisation of Purchasing and Accounts Payable areas within Berkshire Shared Services. Made recommendations and prepared report for BSS Directors.

 

 

NHS Professionals

Interim Head NHSP Shared Service Centre

June 2007 – November 2007

Managed 100 staff in UK and 26 in India.

Role covered responsibility for Credit control, Sales Ledger Invoicing, Accounts Payable, Payrolls.

Responsible for NHS pay shared service centre payroll management for 60,000 temporary NHS staff paid on a weekly basis.

Generation of billings to Trusts and resolution of queries from clients and Flexible Workers.

Responsible for Mail and Scanning solutions, Pensions reconciliations and small call centre.

Responsible for progressing Offshoring solutions and transfer of work to India.

 

NHS Shared Business Services / Xansa

Interim Head A2R SBS NHS

February 2007 – May 2007

Engaged as interim manager through Xansa Recruitment to Head A2R (Accounting to Reporting section) of SBS NHS Shared Business Services.

Managed 50 staff covering Management Reporting, VAT, GL maintenance and review, and GL Balance sheet reconciliation processes for 140 SBS NHS Trust clients.

 

Viasys Healthcare:

Sarbanes Oxley Testing

January 2007

Appointed by Lordi Consulting USA, for short term contract to finalise pre audit review of all process documentation and correction of errors prior to final audit for major UK .

 

Lawson Software

Sarbanes Oxley

May 2006 - January 2007

Appointed by Lordi Consulting USA, for short term contract to finalise pre audit review of all process documentation and correction of errors prior to final audit for major UK .

Engaged to produce process documentation and workflow mapping, design Risk Control Matrix and prepare testing regime for SOX processes in Lawson UK and North West Europe.

 

Parkwell Management Consultants

Associate (Interim) - Process Definition

March 2006 - May 2006

Engaged to review “As is” financial processes of a number of European clients.

Prepared process documentation for four operations in Germany, UK and Denmark covering; Order to Cash, Purchase to Pay, General Ledger, Management Reporting, Cash and Banking, Fixed Assets, Payroll.

Documents included process mapping and detailed process descriptions.

 

Hitachi Capital – Leeds (Financial Services – Consumer Credit Finance)

Interim Manager – Sarbanes Oxley

May 2005 to December 2005

Engaged to review process documentation and workflow mapping for 20 processes covering the Financial Services (Consumer Credit Finance) for operations based in Leeds.

Additionally prepare Risk/Control Matrix for each process defining Assertions and Key controls.

Liaise with regional and central Hitachi management on walkthrough and initial evaluation of detail processes.

Prepare draft testing program. Formulate exceptions registers and action resolution and remediation of Gaps and systems deficiencies.

Tests covering: Purchase to Pay, Revenue and Receivable, Fixed Assets and General Accounting. Approximately 100 separate documentary tests to complete across four cycles.

Testing plan, remediation and External Audit supervision concluded end Dec 2005

 

Constar International

Interim Manager – Sarbanes Oxley Testing Financial Process.

August 2004 to December 2004

Engaged to run process tests against previously defined policy and procedures. Covering: Purchase to Pay, Revenue and Receivable, Fixed Assets and General Accounting.

Approximately 100 separate documentary tests to complete across four cycles.

Highlight areas for remediation and further testing.

Recommend changes to procedures to cover inadequate process routines, thus mitigating areas of risk weakness in test activities.

Summary of Earlier Interim Projects

 

Robert Brett Group

Interim Manager: Atlas Stone – Chipping Campden

October 2003 – February 2004

Engaged by Robert Brett Group to investigate accounting systems, procedures, budgets, Standard Costing and administration at recently purchased subsidiary.

Remit encompassed creation of Standard Costing Model for all Concrete Products, Detailed analysis of Payroll and enhancement of accuracy and timeliness of reporting.

Management and control of month end stock take procedures.

Implementation of data entry control and reconciliation of entries into accounting system.

Liaison with management and creation of “Flash” reporting pack for production and materials data.

Detailed discussion and creation of “What if” analysis with regard to production and shift patterns to enable most cost effective use of resources.

 

Jarvis Plc – Group Tax and Compliance

Project Manager CIS Compliance and Reconciliation project

December 2002 – July 2003

Project Managing compliance and reconciliation of Construction Industry Tax Scheme for all Jarvis companies with CIS Registrations (9 companies).

Jarvis Plc – (Jarvis Accommodation Services Division)

 

Interim Finance Director of Jarvis Construction UK

February 2002 – December 2002

The previous FD resigned at short notice leaving this £250m T/O division with no financial leadership in the run up to Year end (31-Mar-02). Immediate task was to organise year end procedures and liaise with management and commercial staff to prepare accounts for audit.

Jarvis Plc – (Jarvis Accommodation Services Division)

 

Project Manager investigating procedures and policies of newly instigated within newly created Operation Support Services Centre

October 2001 – January 2002

On behalf of JAS investigated the policies and procedures in the newly formed OSS processing centre in York.

 

Norwich Union (GCNU Plc)

Project Manager for creation of Project Definition Document, outlining methodology for migration of Commercial Union Financial Systems to Norwich Union Financial Systems

January 2001 – April 2001

Project managed the completion of PDD as required by NU Life Group Board.

Encompassed methodology for migration of “highly bespoked” CGU Finance Systems onto “vanilla” NU Oracle Financials.

 

Telewest Plc

Review of Chart of Accounts for proposed implementation of Oracle 11i

October 2000 – December 2000

Review Telewest Chart of Accounts and proposed draft for a redefined structure taking into account recent organisational changes and mergers.

 

Level 3 Communications Inc:

European Shared Service Centre

Review Operations and Identify Strategic Improvements and Cost Efficiencies

August 2000 - October 2000

Identified high-level organisational and process improvements in the activities of Level 3 Europe’s financial shared service.

 

Telewest Plc - (Turnover approx £1.0b – FTSE 100)

Project Manager: Implementation of Shared Financial Service Centre

November 1999 – July 2000

 

Project Manager for implementation of Telewest Shared financial Service Centre.

Telewest Plc - (Turnover approx. £1.0b – FTSE 100)

Project Manager: Amalgamation / Migration of Birmingham Cable and General Cable Oracle Financials systems onto Telewest Plc Financials systems

April 1999 – September 1999

 

 

Richard Sherwood - Education:     [ HND Finance - Sheffiled Polytechnic, FCMA, ACIS] 

 

 

Richard Sherwood - Interests:     [ Sporting Activities, Cricket, Football, Travel.] 

 

 

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