Colm Whelan

Financial Controller at Aalto Bio Reagents Limited

Dublin, County Dublin, Ireland

About

Profile Experienced top level Finance Executive with more than 25 years Finance market exposure in diverse organizations. Succesfully assisted companies worked in at the time to navigate through two global financial crises (1998 & 2008). Key management traits of high integrity, strong work ethic, shouldering responsibility, open and persuasive management style, persistent in stressed times, with an invaluable sense of humour. Have proven experience of increasing the financial professionalism of companies, building teams and tightening controls to deliver consistent results and seeking continuous improvement in profit margins for stakeholders. Specialities Finance including working capital optimization, Procurement, Acquisitions and due diligence, Budgeting and Forecasting including long-term planning and Consolidation, Controlling finance compliance and administrative processes, Financial reporting in accordance with IFRS and local GAP, Taxation optimization, Team-building, Organisation financial leadership encouragement, Managing change processes, Corporate Governance.

Experience

  • Financial Controller at Biosynth
    Feb 2023 - Present · 3 yrs 5 mos

    Founded in 1978, Aalto Bio Reagents Limited is the leading provider of biological raw materials and molecular controls to the in-vitro diagnostic industry and to research companies globally. It serves the largest multinational companies in the industry with a broad range of purified human proteins; monoclonal and polyclonal antibodies; fungal, parasite, bacterial and viral antigens; and disease state plasma for in-vitro diagnostic application.

  • Board Member at Kilbarrack Children's Development Project (KCDP)
    Jan 2022 - Present · 4 yrs 6 mos

    The Kilbarrack Community Development Project also referred as Kilbarrack Children’s Project’s purpose is to provide an after-school program for children in the community. It is a community service and is classified as a school aged childcare service under the Child Care Act 1991 (Early Years Services) (Registration of School Aged Services) Regulations 2018. The KCDP aims to provide a safe and inclusive environment where children are supported in their holistic development through play, choice based programming and encouraged to have fun.

  • Finance Manager Compliance, Reporting & Consolidation at St Vincent de Paul
    Aug 2021 - Feb 2023 · 1 yr 7 mos

    Company & Role Profile Largest charitable organisation in Ireland (over 800 employees) with mission to alleviate poverty and hardship across the territory of Ireland. The Society has over 1,300 affiliated Conferences led by volunteers, in varying support activities such as home visitations, charitable shops, social housing, hostels, childcare and resource centres, holiday centres and prison visitation aid. Responsibilities • Control & manage team for the Society’s annual financial consolidation and audit process under Charities SORP and FRS102. • Develop reporting and compliance policies & standard operating practices • Designing, implementing and sustaining the financial systems within the scope of financial consolidation function, reporting and compliance • Communicating, motivating and proactively managing stakeholders for Annual Reporting process with updates, challenges and focus areas needed • Resolving challenges arising out of annual reporting process • Manage Analytical Review of the Society's Financial Results • Oversee preparation of budgets & forecasts • Enhance, develop and monitor internal controls, risks and compliance. • Compliance with Charity Regulation and relevant governance codes. • Manage, develop and oversee a variety of financial consolidation, reporting and compliance projects for the organisations. Achievements • Introduced refined financial consolidation Society calendar with spread workloads • Tightened financial controls in the 8 Society regions in consultation with the national auditors • Refined the communication approach to increase engagement from relevant stakeholders • Hosted debriefing sessions with National Consolidation team and used findings to improve governance • Improved dashboards provided to key stakeholders to give higher added value information

  • Head of Finance and Corporate Services at Lundbeck
    Apr 2014 - Nov 2018 · 4 yrs 8 mos

    Pharmaceutical business • Active part of management board monthly reviewing KPIs, performance and deciding tactics and strategy, • Coordination of monthly and annual management and statutory accounts, including building of SAP accounts system from zero base (moving from 1S and excel platform), • Coordinating move of accounts function to outsourced accounting centre in Krakow, Poland with necessary team restructuring and downsizing, • Credit control overview in CIS including policy implementation and collection targets setting, • Developing team members professionally in disparate functional areas.

  • Head of Finance and Administration CIS at RUSFIC LLC (RECORDATI GROUP)
    May 2011 - Nov 2013 · 2 yrs 7 mos

    Pharmaceutical business - Monthly accounting reporting consolidation for CIS countries (9) of 4 legal entities - Quarterly forecasting and annual budgeting plus 3 year plans formulation - Treasury and cashflow management and Group taxation optimization - Design and implementation of working policies in Finance, Admin and HR areas - Financially led market acquisition activity