1. El Cangrejo, PH Vistanova, Panamá, Panamá +507 66754305 folester@gmail.com
Simon Foley
Summary Profile
A bilingual finance professional and UK Chartered Accountant (ACA) specialising in the Telecoms
industry with 17 years’ experience with multinational companies in the UK, Panama and the
Caribbean. Extensive experience in a variety of functions including accounting, reporting, planning
and analysis, revenue assurance,ERP and other information system implementations, process and
control improvement and organisational change. A leader of effective teams and adept at gaining
consensus from senior stakeholders and cross-functional teams.
Experience
Oct 2013 - present Cable & Wireless Panama Panama City, Panama
Revenue Assurance Manager
Main responsibilities:
Ensure effective operation of controls focused on completenessof revenue billing and collection
for allproducts and services provided by the company
Development of newcontrols to improve revenue and margin assurance
Identification and resolution of system and processissuesimpacting revenue generation
Review and finalapprovalof high value billing adjustments
Leadership and mentoring of team of 15 staff
Sample achievements:
Implementation of Revenue Assurance managed service for developmentand monitoring of
automated controls for 13 Caribbean business units
Design and implementation of severalnew automated controls for mobile, fixed line,internet and
television revenue streams
Design of new method ofinternationalcallmargin analysis and identification of more efficient
traffic routing with annualised costsavings of approx. $500k
Jun 2008 – Sep 2013 LIME (formerly Cable & Wireless Caribbean) Caribbean
SAP Solution Architect & Project Manager Process & Applications
Main responsibilities:
Design and implementation of new SAP finance system,processesand organization structure for
Finance Shared Service centre to support13 island business units
Principallink between projectteam and business stakeholders,ensuring that business
requirements were accurately captured and translated into technicalsystem and process designs
Indirect leadership of consultantteam and approvalof allof their deliverables to ensure
implementation of a high quality, robust and coherent solution to best meet businessrequirements
Development and maintenance of SAP Roadmap of future enhancements including prioritisation
based on cost / benefit analysis
Sample achievements:
Recruitment and leadership of geographically dispersed project team of 10 staffthrough the on-
time delivery of all project phases from blueprint,build,test,data migration to stabilisation
Design,sign off and implementation of approximately 80 processes across 5 main finance
process cycles of record to report,procure to pay,inventory management,invest to capitalise and
order to cash
Close working with externalconsultantsto finalise newfinance organisationalstructure across
shared service centre (SSC),centresof excellence and in-country finance teams
Design and implementation of automated reporting interface between SAP and Hyperion group
reporting system requiring detailed understanding of head office reporting requirements,SAP
data structuresand transaction flows
2. Definition and implementation of BusinessIntelligence financialreportsacrossall key reporting
areasto provide improved accessibility,granularity and timeliness of financialreporting and
analysis
Design and build of new SAP costcentre variance analysis and transaction reports
Feb 2006 – May 2008 Cable & Wireless (Americas & Caribbean
Region)
Panama City, Panama
Regional VP Finance Operations
Main responsibilities:
Finance operations improvement projects
Monthly regionalfinancialperformance reviews
Annualbudget & target setting reviews
Direction of OBS Financialsystem administration support
Sample achievements:
Creation of approved implementation proposaland businesscase for finance transformation
including: draft organisationalmodel; headcount structure;middle levelprocess flowsand key
controls; review and recommendation of different ERP system options; detailed cost / benefit
model
Coordination of internalcontrols and processreview across 13 Caribbean islandsand presentation
to head office management of findings and recommendations forimprovements
Creation of 120 day turnaround plan for finance function of largest Caribbean businessunit to
remedy weak controlenvironment
Development and delivery of enhanced regionalcommercialKPI reporting
Development of detailed planning and analysis modelto identify the underlying drivers of each
business unit performance and identify gapsbetween actual and required run rate
Development of a number of presentations for RegionalCFOon commercialand operational
improvements acrossa number of areasincluding revenue generation,costreduction,working
capitalimprovements and organisationalredesign
Oct 2004 – Dec 2005 AOL (UK) Ltd London, England
Senior Financial Analyst
Main responsibilities:
Financialperformance analysis for Online Advertising and Content Production Departments
Annualbudget and quarterly forecastcreation in coordination with businessstakeholders
Sample achievements:
Development and maintenance of detailed driver based planning modelfor Online Advertising
revenuesusing Cognos Planning tool
Improvement in senior management understanding of driversand distribution of advertising
revenuesacrossdifferentcontent channels
Jun 2002 – Jul 2004 Cable & Wireless Panama Panama City, Panama
Financial Controller, Mobile Division
Main responsibilities:
Financialreporting
FinancialPlanning and analysis
Controland process improvement
System integration and improvement
Sample achievements:
Creation of new reporting template formonthly management reporting
Creation of improved planning modelfor budget and forecastcreation
Design and implementation of finance interface outputfrom new mobile billing system
3. Oct 2000 – May 2002 Cable & Wireless Panama Panama City, Panama
Revenue Analyst
Main responsibilities:
Revenue analysis and development of revenue budgetsand forecastsby line of business
System integration support
Processand organizationalimprovement
Sample achievements:
Integration of mobile finance back office with main finance team
Definition of revenue product structure forSAP implementation
Sep 1997 – Sep 2000 Ernst & Young London, England
Audit Senior
Main responsibilities:
Externalauditor specializing in clients in energy sector
3 month secondmentto Corporate Finance Transaction Services
Sample achievements:
Significant royalty tax saving for client due to identification of repeated errorin tax calculation
method for prior years
Education & Professional Qualifications
Sep 1997 – Sep 2000 ICAEW London, England
A ssociate Chartered A ccountant (A CA )
First time passesin allexams
1st place in first yearCorporate Lawexam
Oct 1994 - Jun 1997 University of Nottingham Nottingham, England
BSc Chemistry and Management Studies (Joint Hons.)
First Class degree
References
References are available upon request.