Niall Maguire

Niall Maguire

Skills

Skills

Tax

Strategic management

Statutory reporting

Personnel building

Monthly reporting

IFRS

Internal controls

Forecasting and analysis

Financial reporting

Financial control

Financial analysis

Financial accounting

Corporate finance

Compliance

Cashflow analysis

Business planning

Budgeting

Basel 2

Banking

Audit

Accounting

Work History

Work History
Feb 2014 - Present

Immediately available
May 2007 - Oct 2013

Financial Controller

Republic Bank (Cayman) Limited

I was engaged as financial controller with Republic Bank (Cayman) Limited, an offshore banking subsidiary of the Republic Bank Group, based in Trinidad & Tobago, providing offshore banking facilities to clients with a wide ranging background and locations. My primary duties included the production of the management, quarterly and statutory accounts from the general ledger together with any management reports including variance analysis, margins and native currency spread.

Selected work experience and achievements

• Audit: provided assistance to the internal and external auditors quarterly and annually.

• Basel 2: produced and submitted quarterly capital adequacy returns to the financial regulator.

• Budgeting: production of an agreed annual budget for the bank, with any material variations monitored and      corrected.

Business planning: the banks key SWOT indicators with some emphasis on succession planning were  

   monitored.

• Cash flow analysis: produced analysis, on a monthly basis, to illustrate the estimated impact upon KFI’s

  related to the investment decisions undertaken by Head Office and the annual budget.

• Compliance: ensured returns submitted to the financial regulator were consistent with the published

   financial statements.

• Financial control: responsible for financial operations for this investment bank, an off-shore subsidiary of a

  large caribbean banking group.

• Management accounts: prepared directly from the general ledger including analysis for local and group

  level management.

• Personnel building: trained & developed members of the accounts team with regard to the promotion and

  marketing of the banks products and services and delivery of superior customer service.

• Demonstrated skills in analysing the operating expenses and  the profitability of each income stream - fixed

   income, commission income, bank charges and fees applied for incidental work.

Streamlined and controlled the finance and budgeting process, ensured timeliness, accuracy and

   consistency as well as analysed variances and suggested corrective actions.

• Followed a set of internal controls and measures to safeguard the financial interest of the company.

• Improved the process of submitting statutory returns to the financial regulator including their reconciliation to

  the published financial statements.

• Substantially improved the completion time of the quarterly and annual audit.

Dec 2004 - May 2007

Senior Fund Accountant, Supervisor/Fund Accounting and Fund Accountant

Butterfield Bank (Cayman) Limited, BNY Mellon Fund Services (Irl.) Limited and Fortis Prime Fund Solutions (Irl.) Limited

January, 2006 – May, 2007 Senior Fund Accountant                                   

Butterfield Bank (Cayman) Limited; Cayman Islands

April, 2005 – October, 2005 Supervisor/Fund Accounting           

BNY Mellon Fund Services (Irl.) Limited; Dublin, Ireland

December, 2004 - April, 2005 Fund Accountant                        

Fortis Prime Fund Solutions (Irl.) Limited; Dublin, Ireland

I was engaged as a senior fund accountant for Butterfield Fund Services where I produced NAVs for a variety of funds.

At BNY Mellon Fund Services, I was engaged to supervise and review the production of the funds financial statements involving a team of five. This role developed the experience I gained whilst working in Fortis Prime Fund Solutions where I produced financial statements for a variety of funds individually.

Achievements

Produced NAVs for a variety of client funds with little or no management supervision.

• Effectively managed the external audit for a number of funds.

• Supervised the review of a number of funds financial statements prepared by a fund accounting group.

• Improved the process of submitting statutory returns to the financial regulator which were easily reconciled

  to the published financial statements.

Details of my main duties can be found at www.worky.com/niall-maguire, which included (but were not limited to) the following:

• Compliance: liaised with thefinancial regulator both in Ireland and in the Cayman Islands.

• Corporate finance: administered management companies and maintenance of proper books and records

  for same.

• Financial reporting: produced accurate and timely financial accounts within strict deadlines as agreed.

Apr 2004 - Dec 2004

Financial Accountant

Trinity Fund Administration Limited

Trinity Fund Administration Limited is a fund administrator that also offers administration & accounting and specialised managed account services and reporting amongst others.

Achievements

• Demonstrated skills in analysing the operating expenses and  the profitability of each income stream of the

  firm.

• Initiated plans for a cost effective operation which resulted in increasing the profitability of the firm.

Streamlined and controlled the finance and budgeting process, ensured timeliness, accuracy and

  consistency as well as analysed variances and suggested corrective actions.

• Improved the process of submitting statutory returns of the funds to the financial regulator which were easily

  reconciled to the published financial statements.

• Substantially improved the completion time of the published financial statements and the annual audit.

• Worked closely with members of the management and NAV preparation teams in order to make my role

  more relevant to the continued success of the firm.

Details of my main duties can be found at www.worky.com/niall-maguire, which included (but were not limited to) the following:

• Corporate finance: administered management companies and maintenance of proper books and records

  for same.

• Financial accounting: responsible for managing and producing financial statements and reports for a 

  number of fund and management companies. 

• Financial analysis: produced monthly and/or annual analytical summaries of key financial indicators.

• IFRS: ensured that my knowledge of all relevant accounting standards were kept up to date.

• Personnel building: provided ad-hoc reports to various departments within the organisation for different

  purposes, i.e. board meetings, marketing presentations and other requests from the clients.

• Strategic management: identified key areas of the business requiring review and rationalisation in relation

  to the company’s own internal systems of control. 

Oct 2003 - Apr 2004

Self employed

I took time off from auditing due to a family illness and took up self employment to supplement my income. I was able to obtain work through the contacts and recommendations I gained during my time in audit and I performed duties for a number of small and medium sized businesses during this time.

Achievements

Prepared full draft monthly financial statements for a variety of clients – small/medium sized businesses

  and the self employed (manufacturing, web-design/maintenance, corporate presentations/consultancy -

  which minimised the fee charged by their external accountants.

• Provided guidance and assistance to those planning to set up a business and in their relationships with

  their banks.

• Maintained quarterly Value Added Tax and payroll calculations, submitting same. The estimated value of

  taxes payable when producing said management accounts was in line with that calculated by the external

  auditors.

• Provided assistance to the clients clerical staff to ensure that adequate controls were placed in order that

  the financial statements were recorded and presented fully and properly.

Details of my main duties can be found at www.worky.com/niall-maguire, which included (but were not limited to) the following:

• Banking: provided assistance in establishing business banking systems for newly established

  businesses.

• Cash flow analysis: detailed cash flow analysis produced in relation to various investment proposals or

  business plans.

• Forecasting and analysis: summarised the impact upon key financial indicators in relation to the clients

  business plans.

• Strategic management: identified key areas of the business requiring review and rationalisation in relation

  to the clients internal systems of control. 

Sep 1995 - Oct 2003

Audut Senior, Audit Semi Senior and Audit Junior

P.G.L. C.A., Phelan Prescott & Co. C.A., Niall Byrne & Co. C.P.A. and S.P. Mc Caffrey & Co.

May, 2001 – October, 2003 Audit Senior                                                                              

P.G.L. C.A.; Dublin, Ireland

December, 1998 – May, 2001 Audit Senior                                                     

Phelan Prescott & Co. C.A; Dublin, Ireland

March, 1998 – December, 1998 Audit Semi Senior                                          

Niall Byrne & Co. C.P.A; Dublin, Ireland

September, 1995 – March, 1998 Audit Junior                                                   

S.P. Mc Caffrey & Co.; Omagh, Northern Ireland

During my time in audit, I worked in medium sized audit and accounting firmswho served a variety of clients.

Achievements

As audit junior with S.P. Mc Caffrey & Co.; Omagh and as audit senior withPhelan Prescott & Co. C.A;

  Dublin, I prepared tax returns for individuals, partnerships and corporations.

Progressed from audit junior to audit senior as a result of producing accurate and timely financial

  statements in an efficient and effective manner, within set time and fee-income constraints.

• Provided guidance and assistance to other members of staff, managing a group in relation to same.

Full details of my main duties can be found at www.worky.com/niall-maguire.

Education

Education
Oct 1995 - Jun 1997

ACCA
Oct 1992 - Jun 1994

MA Accounting

University of Aberdeen
Oct 1990 - Jun 1992

Dip (HE) Accounting

University of Ulster