David Busuttil
Verified Expert in Finance
Finance Expert
Mosta, Malta
Toptal member since October 29, 2021
David is a top-performing finance professional, qualified accountant, and CFA charterholder. He has senior executive and varied international experience, strong academic credentials, and a proven track record of developing and delivering the best practice financial modeling and decision support solutions across various industries. David enjoys helping companies and individuals to make value-enhancing investment decisions and conduct detailed and accurate forward-looking financial analyses.
Career Highlights
Education Highlights
Certification Highlights
Case Studies
Expertise
Work Experience
Founder
Projectify
- Developed the user-friendly financial modeling Excel templates across various use cases and industries and made them available for sale on financial modeling marketplaces such as Eloquens and eFinancialModels.
- Improved Projectify, resulting in the top five most popular channels on both platforms with over 4,000 model downloads and an average review score of 4.5 stars out of 5.
- Provided custom financial modeling services to customers, including reviewing or fine-tuning customer-built financial models, designing and developing bespoke financial models to customer specifications, and financial modeling consultation.
Finance Director
Randall & Quilter Investment Holdings
- Oversaw the setup of the Malta office and local finance team for the Group, including establishing new finance processes and analysis for the European Program Management and enabling 10x growth in premiums to over £300 million.
- Led the finance function for the Maltese entities of the Group responsible for producing the financial results, regulatory reporting, budgeting, MI reporting, and liquidity management.
- Acted as the executive director for the Maltese entities involved in decision-making, production, and presentation of financial results and analysis to the Board.
- Led the local implementation of various Group-wide technology-driven projections to support the business growth, process efficiency automation, enhanced data analytics, and regulatory compliance.
Assistant Director of Business Modelling Group
Deloitte
- Oversaw the finance workstream of a global HR transformation project for a top-tier insurance group with a project budget of over £100 million by developing and presenting the business case, cost allocation models, and financial impact assessments.
- Led the development of a financial projection, valuation, and leveraged buyout model for a UK-based broker insurer supporting sell-side in a £100+ million transaction for the private equity-backed acquisition of a minority shareholding.
- Managed the advancement of a benefits tracking model and process supporting a multi-billion business integration project within a top-tier insurance group.
- Supervised the creation of a business case model for a group-wide claims transformation project within a top-tier insurance group.
- Led the development of a debt restructuring model for a large mining group based in South Africa.
Senior Manager at Modelling, Investments and Reporting
AIG
- Set up and led the production and presentation of the company's Board financial results analyzing the underwriting result, claims and loss reserves, investment result, investment portfolio, solvency, cash flow, and taxation.
- Led the design, approval, and development of the multi-year financial projection model for the company that covered its 25+ branches and was used for budgeting, capital management, and decision support processes.
- Managed the design and implementation of an IFRS reporting model used to convert US GAAP results to IFRS, including the automation of tax and translation adjustments; enabled the preparation of the audited financial statements for the company.
- Led the reporting and analytics of the company's £8+ billion worth portfolio of financial assets, investment income and return for quarterly financial reporting, regulatory reporting under Solvency II, and disclosures to credit rating agencies.
Financial Accountant
Munich Re
- Set up, ran, and optimized various UK GAAP and IFRS financial close processes for the subsidiary Great Lakes Reinsurance PLC, including automating the reconciliation of intragroup balances allowing improved timeliness and accuracy of results.
- Ran the Solvency II Pillar 3 gap analysis and implementation for the subsidiary, including setting up processes to produce Solvency II balance sheets and presenting the key differences to the current GAAP.
- Managed the daily treasury process, including setting up and running cash flow forecasts and optimizing the use of surplus cash to generate interest income.
- Analyzed financial results for the subsidiary against budget and prior year and prepared an insightful variance commentary for the senior management, allowing a clearer understanding of movements and improved decision-making.
Education
Master's Degree in Finance
University of Bath - Bath, UK
Bachelor's Degree in Accountancy
University of Malta - Msida, Malta
Certifications
Chartered Financial Analyst (CFA)
CFA institute
Chartered Management Accountant
Chartered Institute of Management Accountants (CIMA)
Certified Public Accountant (CPA)
Accountancy Board
Skills
Finance
Financial Modeling, Three-statement Modeling, Cost-benefit Analysis, Forecasting, Revenue & Expense Projections, Management Accounting, Financial Planning & Analysis (FP&A), DCF Valuation, Capital Investment Appraisals, Weighted Average Cost of Capital (WACC), Capital Budgeting, Valuation, Financial Reporting, Private Equity
Output Software
Microsoft Excel, Microsoft PowerPoint, Microsoft Word
Industry Expertise
Financial Services
Other
Investment Analysis, Financial Forecasting, Budget Modeling, P&C Insurance, Financial Analysis, NPV Calculation, Investment Banking, Reports, Business Planning, Startups, Business Models, Financing, Business Modeling, Portfolio Management, Economics, Treasury, Rolling Forecasts, Regulatory & Tax, Investments, Governance, Scenario Analysis, Sensitivity Analysis, Modeling, Models, Monte Carlo Simulations
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