Workshop C1

Risk, Solvency & Exchange Rates

- moving money within a multinational programme

   

WORKSHOP LEADER(S)

Neil Cunningham

WORKSHOP SYNOPSIS

Money flow is an integral part of any multinational programme. Rewards can be maximised provided risks are identified and minimised.

   

MAIN TOPICS TO BE COVERED

1 Cashflow model for a typical Global Programme

 

2 Problems encountered [ Risks]

 

3 Possible solutions

 

4. Rewards

   

CURRENT POSITION AND COMPANY

Manager of the Central Accounting Unit , Global Network Department, Royal and Sun Alliance

   

BACKGROUND

Current Role: As Manager of the CAU I am responsible for all financial aspects of cross border transactions within the RSA Global Network.

Background: My accountancy background began in Liverpool with the former Royal Insurance Group and my earliest areas of work covered Investment Accounting, Group Accounting and a short spell in Marine Accounting. For many years I worked in International Division with involvement in overseas accounting and finance including territorial accounting, management reporting, IT projects statutory returns and reinsurance accounting. I was fortunate to have some interesting but diverse overseas assignments in Italy, Jamaica and Kenya.

After joining Global Finance Department in 1992 I had an extended assignment in France which introduced me to the strange world of multinational risk business, and its even stranger inhabitants. On return to UK I guided the CAU from its formation in 1994 to its present position. The incorporation of CAU into the Global Network Department in 1996 has provided further opportunities for many overseas assignments

I am proud to be part of the CAU team where my colleagues play an integral and vital role in the financial success of the RSA Global Network.

   

QUALIFICATIONS

FCCA