Richard Carr

+971-562-269767 Regional Financial Controller

PO Box 17240, Dubai UAE Chartered Management Accountant (CIMA)Richard_carr@hotmail.com HND Businesshttps://www.linkedin.com/in/rcarr1, British

SUMMARY

Chartered management accountant with 10 years’ experience across Oil & Gas and manufacturing industries. A broad range of skills and experiences to draw upon having worked in, and responsible for, several international locations. A business leader with a structured approach to providing solutions in challenging environments has led to a steady progression in career path.

MAJOR ACCOMPLISHMENTS

Main player in securing $850m of new drilling contracts in KCA Deutag. Created, presented and obtained business case approvals for investments totaling $35m Driving business efficiency initiatives to an annual run-rate savings of $7m Implementation of a balance sheet/control process resulting in $12m of risk being identified and

resolved, with the ongoing confidence of accurate financials. Raising tax compliance awareness and restructuring the organization to reducing company risks

and costs by $5m per annum

KEY COMPETENCIES

Working capital Budgets/Forecasting Problem solving Balance sheet Business case modeling Implementing systems P&L/Cost optimization Compliance monitoring Audit management

PROFESSIONAL SUMMARYKCA DEUTAG 2009 – Current Regional Financial Controller, Africa RegionFinance and Administration Manager

Dubai, UAEBaku, Azerbaijan

POWERWAVE TECHNOLOGIESFinancial Supervisor Level II, Europe Region

2002– 2009 Yorkshire, UK

Business ControllerFinancial Controller

Budapest, HungaryCounty Durham, UK

THORN LIGHTING 1995-2002 Assistant AccountantCommercial Apprentice

County Durham, UKCounty Durham, UK

PROFESSIONAL EXPERIENCE

KCA DEUTAG 2009 – Current KCA Deutag is one of the world’s leading drilling and engineering contractors working onshore and offshore, with +100 rigs in 20 countries and 9000 employees around the world.

Regional Financial Controller, Dubai, 2013 - Current Reporting to the SVP of Operations and the Head of Finance; responsible for the finance function in the African Region of KCA Deutag (Algeria, Nigeria, Libya and Gabon) with 25 personnel/6 Direct

Richard Carr

reports. The region currently has 14 rigs operating, generating $230m of revenue per annum, with focus on working capital/cash generation to fund opportunities for growth in an asset-intensive industry.

Major Accomplishments

Business efficiency initiatives generating $7m of annual savings Uncovered and resolved $12m of previously unidentified company risks, through implementation

of balance reconciliation reviews and control self-assessments Financial Lead in all commercial contracts, winning 9 new contracts and adding $200m to

region’s order book. Successfully implemented benchmark IRR requirements for business case investments and post

contract reviews Successful close-out of Tax audits in Libya, Nigeria and Gabon. Challenged the regions’ culture on compliance and led business in anti-corruption and bribery

awareness resulting in the implementation of risk registers, and risk adjusted forecasting.

Finance and Administration Manager, Azerbaijan, 2009 - 2013 Reporting to the Country Manager and Regional Financial Controller; responsible for the finance function, including all local statutory returns in the country, with 9 direct reports and 6 operating rigs. Generating approximately $130m revenue per annum.

Major Accomplishments

Tax structure re-organisation, reducing the companies risks and costs by +$5m per annum Financial lead in the analysis, pricing and commercial discussions resulting in the win of a 5

year/$650m contract Implemented a reimbursable invoicing system/procedure to manage $40m of Reimbursable

items per annum. Successfully implemented a traffic light invoicing process for visibility and escalation of billing

issues. Promoted to Regional Financial Controller

POWERWAVE TECHNOLOGIES 2002– 2009 Powerwave was a global telecommunications public listed company, providing advanced solutions to amplify network coverage, data capacity and speeds in the wireless communications industry, dealing with clients such as Nokia, Siemens, and Ericsson.

Finance Supervisor II, (UK Based – European Regional role) 2008 – 2009 Reporting to the EMEA Finance Director; responsible for financial statements in Estonia, Sweden, Hungary and UK, with a focus on restructuring plans for Hungary/UK and duplicating the procedure and controls from the Hungarian Plant into Estonia.

Major Accomplishment

Successful coordination of the winding down and closure of the Hungarian operating entity

Business Controller, Hungary 2006 – 2008 Reporting to EMEA Finance Director; responsible for the full finance function and local statutory reporting of the manufacturing Facility in Hungary. This was a 2 year contract, specifically to setup up the systems, develop the local team, and maximize the value of the organisation as part of a rapid expansion plan. The entity grew from nothing to a $100m Revenue organization, achieving the

Richard Carr

goal of maximizing the value of the organization for a sale and being the focal point for transferring the process/product line to a subcontract manufacturer.

Major Accomplishments

Successfully implemented the Syteline System, with associated processes and procedures. Ensured financial control, costing accuracy and inventory control during rapid expansion.

Financial Controller, UK 2002 – 2006 Reporting to Managing Director, of Filtronic Broadband (Part of the Filtronic Group prior to the Powerwave takeover); responsible for the finance function, for an entity setup to manufacture and develop Telecommunications Filters and Microwave Transceiver devices.

Major Accomplishment

A series of promotions – initially employed as an Assistant Accountant in 2002, promoted to Management accountant shortly after and then to Financial controller following the attainment of Professional status (CIMA) in 2004

THORN LIGHTING LIMITED 1995 – 2002 Thorn Lighting Ltd is a global supplier of both outdoor and indoor luminaires, integrated controls and complete lighting solutions.

Assistant Accountant, 2000 - 2002 Reporting to the Management Accountant; responsible for the Standard costing system and inventory management in the manufacturing side of the organisation.

Major Accomplishment

Part of the team that successfully implemented the BAAN MIS system

Commercial Apprentice, 1995 – 2000 Reporting to Training Manager. This position was designed to give a general overview of how a business operates, spending time in all aspects of the business to develop varied experience and knowledge of how the different business functions interact. In the 5 years of the apprenticeship, time was spent in sales, purchasing, production control and payroll, with the final 2 years being focused in Finance as my chosen discipline.

Major Accomplishment

Won Apprentice of the year award 1998

PROFESSIONAL DEVELOPMENT

Chartered management accountant since 2004, With HND in Business, and commercial on the job training since the beginning of work Career

Additional Training includes: 5 Day MBA in Oil and GAS, VAT and overseas trade, Advanced Excel, Succession planning, Operational integrity.

Familiar with systems: SAP, Oracle, Syteline, Hyperion, BPC, BaaN, Microsoft office.