Finance Expert in Johannesburg, Gauteng, South Africa
Member since May 13, 2019
Graeme is a chartered accountant with extensive experience in middle-market high-growth private equity and direct lending. While at leading boutique investors, Graeme led transactions across Africa, Australia, the United States, and Europe, spanning the financial services, retail, manufacturing, and insurance sectors. As a freelancer, he leverages his experience to assist and advise management teams in achieving their goals.
Modeled investment scenarios to assess the transactions for suitability and subsequent preparation of investment memorandums for multiple debt lead transactions valued up to $15 million.
Implemented formal investment valuation policies for three investment funds, incorporating IFRS 9.
Created and maintained highly detailed fund investment models for three debt-lead investment funds. These investment models incorporated equity option components linked to debt, preference shares (issued and purchased), live share prices, complex tax treatment, detailed investor reporting, live rolling forecasting, and iterative fee calculations, among other items.
Prepared investment memorandums for presentation to the investment committee, seeking approval for transactions of up to $15 million.
Designed and implemented a tax-efficient internal group structure. Approved the structuring of investments for tax efficiency.
Maintained detailed rolling forecasts for three investment funds along with three group companies to enable the efficient management of the group of companies. These forecasts were live and linked into one another, allowing for a live view and rapid scenario analysis of forecasting across the group.
Designed and implemented a new hybrid debt-equity fund within a short time frame. This fund enabled the delivery of a live share price allowing for capital gains to investors, leading to a highly complex model once fees and various other dynamics were incorporated.
Prepared financial records in the form of a 'closed' three-statement operating model and board report highlighting relevant areas monthly for three funds and two group companies.
Focus areas: Investment Committee Advisory, Board Reporting, Board of Directors, Budgeting, IFRS Financial Reporting, Due Diligence, Forecasting, Financial Modeling, Financial Analysis, Fund Management
Finance and Operations Manager
2015 - 2017
Imazi (Mauritius) Limited
Reported directly to the director of Imazi, a control investor in sub-Saharan Africa short-term insurance companies, and worked closely with the board of directors, with responsibilities that included end-to-end management of investment process such as the identification of potential investment targets, research, valuation analysis, managing negotiations, leading due diligence, and obtaining investment committee approval. After the investment, maintained responsibility for oversight of subsidiaries, as well as financial and relationship management.
Identified potential complementary targets for acquisition by Imazi throughout Africa and Europe.
Performed due diligence for acquisition targets in the United Kingdom, Zambia, Ghana, Mozambique, Nigeria, and South Africa, with responsibilities that included managing financial, tax, and legal diligence work streams, as well as third-party diligence advisors.
Performed detailed forecasting for potential acquisitions, most notably on a group-company competitor as well as three large insurers in Ghana, Zambia, and Mozambique.
Worked closely with the CEO to value target companies using various pricing methods, including earnings multiples, discounted cash flows, and comparable transactions. These were included in the investment memorandums to ensure that the valuations align with the stated investment policy.
Engaged in negotiations alongside the CEO, and communicated the financial viewpoint with the stakeholders of potential acquisition prospects.
Established the finance function for the Imazi group, responsible for managing foreign and local subsidiaries, joint ventures, forex accounting, associates, and cell captive arrangements.
Prepared monthly management reporting packs, including financial statements, budgets, and commentary surrounding the group activities for monthly board presentations.
Managed relations with investors and investees, the majority being corporate executives.
Managed and grew Imazi's relationship with international A-rated reinsurance providers, which required a measured approach while maintaining a transparent data flow.
Reviewed and drove reporting between subsidiary companies, insurance cell captive, and reinsurers.
Served as a senior consultant based in Washington DC at CrossCountry Consulting, which was involved in the provision of assurance services for a big four accounting firm in the United States, covering a diverse range of industries including energy, manufacturing, logistics, and mining. The companies covered included NYSE-listed entities, a significant private energy company, and a private company recently acquired by a company listed on the NASDAQ, leading to complexities with system implementation and the adoption of new policies.
Managed audit engagements for subsidiaries of companies listed on the NYSE and NASDAQ with minimal/no partner oversight.
Reviewed and commented on trainee work to ensure the quality of the audit and provide on-the-job training to the trainees wherever possible.
Assessed and reviewed compliance with Sarbanes-Oxley in multiple companies.
Evaluated the accounting treatment of clients to ensure compliance with US GAAP, as well as for the correct conversion to IFRS.
Managed multiple audit engagements simultaneously, incorporating the remote management of teams.
Established engagement timelines and automated work flow to ensure that teams managed against tight schedules during the busy season.
Focus areas: Management, Client Management, Team Management, SOX, US GAAP, External Audits
2011 - 2013
Obtained the competencies established by the South African Institute of Chartered Accountants.
Managed multiple audit engagements with teams ranging from three to ten people.
Interacted with client employees, including executives of multiple entities listed on the JSE and LSE. This client engagement required a highly professional manner and detailed knowledge of the topic at hand.
Performed complex pricing, stock, and wastage analysis for intricate inventory systems for manufacturing entities.
Audited acquisitions and disposals ranging from $1 million to $100+ million for publicly-traded accounting clients.
Audited and re-constructed financial statement consolidations for listed multi-national entities, including for a leading JSE-listed logistics group headquartered in South Africa.
Reviewed and tested covenant compliance across a listed multi-national group with a highly complex capital structure.
Assessed the application of the terms of IFRS and US GAAP within various companies domiciled in South Africa and the United States.
Lectured and trained future employees of Deloitte on topics that included technical and soft skills.