Profile
Profile – David Karalapillai CPA, FCMA (UK)
David has over 20 years of commercial experience, with a proven track record of streamlining corporates, developing customised solutions and achieving profit turnarounds across a range of corporates in Australia and the United Arab Emirates
INDUSTRY EXPOSURE
- Medium scale – retail, service and manufacturing organisations
- Manufacturing – Toyota, Nylex Manufacturing Group, SPC, Ardmona
- Telecommunications – Telstra Australia, Emirates Telecommunications Abu Dhabi UAE
- Pay TV – Showtime Pay TV, Dubai, UAE
- Financial services – National Australia Bank, Australian Unity, Super Partners,
- Commonwealth government – Defence, Australia Post
KEY SKILLS
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- Implementing Treasury systems & risk management controls - Interest rate risk hedging with Futures, FRAs - Foreign currency hedging with SWAPS - Multi currency revenue risk management - Cash flow management |
MANAGING CORPORATE FINANCE
Managed the Financial and Treasury operations of a range of corporates in diverse industries in the UAE, Australia and the UK in accordance with IFRS, reporting to the board on corporate performance
ZERO BASED BUDGETARY CONTROL STRATEGY
Implemented Zero Based Budgetary control strategies adopting Activity Based Costing principles in complex shared services environments, enhancing operational control, profitability and risk management.
RISK MANAGEMENT
Conducted Forensic audit investigations and Business Process Reviews optimising control.
Implemented change management strategies that optimised operational and risk mitigation controls turning around profitability, for several major corporates in a range of industries.
CAPITAL RAISING
Managed a project team controlling the raising of share capital for a major Australian corporate
STRATEGY & POLICY
Advised corporates on strategy and implemented policy, rationalising & divesting unprofitable businesses.
INFRASTRUCTURE PROJECT PROCUREMENT AND CONTROL
Controlled the end to end global turnkey and infrastructure project procurement and implementation, controlling the competitive tender process, bid evaluation, contract negotiations, contractual compliance & risk management control, project financing & board reporting for a major telecommunications corporate
- US$ 500 million in capital infrastructure projects
TREASURY MANAGEMENT
- Negotiated with banks and set up a $2.0 million bank bill borrowing facility at BBSY ( Bank bill Swap Bid rate) plus 1.5% for a Not for Profit organisation
- Raised $200 million at cost effective interest rates (below BBSW Bank Bill interbank Swap rate) for a major rated corporate, inviting 10 banks to tender for the underwritten interest rate risk hedged commercial paper issuance facility.
- Managed the investment strategy and interest rate risk on $750 million placed with board approved counterparties in risk rated Promissory notes, Bank bills and NCDs .
- Managed multi currency cash flows, interest rate and FX risk management implementing risk management strategies using Futures, FRAs and SWAPS to control the interest rate and FX risk exposure respectively.
- Customised and Implemented a new real time Treasury system for a major corporate, with exposure to interest rate risk, Forein currency risk and foreign currency cash flows.
CHANGE MANAGEMENT
Lead managed an operations centralisation project for a large corporate, in a complex shared services environment, significantly rationalising human resources and operational costs turning around profitability.
Lead managed change management projects, implemented new IT systems, developed corporate policy, process re-engineering, risk management & strategy, meeting corporate objectives and optimising profitability for several corporates
IT SYSTEMS IMPLEMENTATION
- Advised on customising and implementing new SAP systems for manufacturing corporates
- Implemented a new “INFINITY” real timeTreasury System with forensic and counterparty risk mitigation controls for a major corporate
- Customised and implemented a new integrated Financial reporting & Management Accounting system with integrated risk mitigation controls for a telecommunications corporate
- Resolved systems integration issues between Financial Accounting systems and Billing systems, Procurement, Payroll, Inventory control sub systems streamlining operational risk control and reporting for a range of corporates.
- Software: SAP, Oracle, Great Plains, IBS billing system, OROS ABC costing systems, MRP / ERP systems, Infinity Treasury system, Microsoft office.
QUALIFICATIONS
· CPA Institute of Certified Practising Accountants, Australia
· FCMA Fellow of the Institute of Chartered Management Accountants UK.
CONTACT DETAILS
Address 19 Holmes Way Glen Waverley Vic 3150, Australia
Phone +61 3 9802 5285
Mobile +61 411 271 203
Email darankay@optusnet.com.au
admin | 
April 1, 2011 7:06 am
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