Areas Of Expertise:
- Financial Reporting and Analysis
- Process Improvements
- Project Management
- Project Management Office
- Stakeholder Management
- Bachelor of Commerce (Accounting & Finance Majors), University of Sydney
- Chartered Accountant Australia and New Zealand (CA ANZ)
About Maddison Schmid
Maddison Schmid is a qualified Chartered Accountant with over 8 years’ experience across financial services firms. She has experience in financial and management accounting, forecasting, data analysis, budgeting, acting as a virtual CFO whilst also having a hat as a paraplanner for Financial Advisers. In addition, she has led and been involved in IT based Projects including Xero and Salesforce which consisted of identifying process improvements, standardising the approach of rolling out the Salesforce software across the firm whilst incorporating governance.
What Maddy brings
- Rigorous Analytical ability, solid process improvement skills.
- A natural initiative-taker with a bias for action.
- She loves building relationships that lead to team success and business growth.
- Solid Financial Reporting and Variance Analysis skills.
- Clear communicator who can translate scope to different stakeholders.
- A consultant who can rally teams and influence peers across the organisation.
- Department of Communities and Justice (DCJ)
- Seven Consulting
- Altus Financial (Altus)
- Crowe Horwath (Findex)
As a Finance Manager at The Department of Communities and Justice, Maddison was responsible for creating a dynamic financial internal charging model that catered for all the agencies and clusters within the government structure. She had to develop a way where the integrity of the data could be kept in one source of truth model that allowed for different moving aspects including clusters having different types of software licensing costs, different related project costs, change requests, different FTE numbers and interfaces. Maddison prepared weekly status reports in Jira to ensure the model was keeping track to the tight deadline. She successfully developed a method of allocation to ensure each cluster was internally charged fairly over the 10-year model that allowed for inflation and a change in FTE numbers each year.
As a Senior PMO Consultant at Seven Consulting, Maddison undertook a 12-week intensive fast-track training program which involved solidifying core project management and PMO fundamentals, completing a combination of self-paced study, role play and project simulation activities. One of the project simulation activities included preparing a Microsoft project schedule based on a scenario from a real client and running the seven tools to determine the health check of the schedule, critical path tasks and velocity of the project. Another practical activity Maddison completed on the fast-track program involved preparing a baseline (budget) for a simulated client and updating the actuals and forecast for various CAPEX & OPEX costs within the simulation. In addition, Maddison revealed interest in “Jira” and has familiarised herself with ways of tracking risks, issues and testing for a project. She has also trained herself how to create filters to produce Jira dashboards that enable a way to keep track of a project’s assignments, issues and key achievements in different charts through use of Jira gadgets.
As a Client Adviser/Senior Accountant at Altus Financial, Maddison acted as a virtual CFO for various entities in different industries on a monthly and quarterly basis. This role involved her preparing forecasts and variance analysis reports to present to directors to assist with cost reduction, revenue enhancement, profit maximisation and improving the business pipeline and growth plans. As a part of the budget Maddison compiled cashflows for the various companies to identify future trends, highlight areas of improvement and risk areas for her clients. She also acted as a voice of data by presenting and articulating financial information and business insights to executives.
As a Client Adviser/Senior Accountant at Altus Financial, Maddison was a team lead in the Xero project team. This role consisted of her identifying process improvement opportunities and standardising the approach of using the xero software across the firm. In this project she successfully trained and navigated people in xero in her firm and Altus’ international outsource team based in India. She served as a point of contact and collaborated with colleagues and the outsource team in India for troubleshooting/resolving accounting and reporting issues relating to Xero whilst maintaining compliance in financial reporting. She provided strong internal leadership and direction to the international outsource team whilst fostering a positive culture.
As a Client Adviser/Senior Accountant at Altus Financial, Maddison was responsible for migrating data from a clients prior CRM system into SAP to assist with the client’s scalability. The data migration involved backing up the data & migrating the data into SAP via extract, transform and load. This role involved Maddison mapping the chart of accounts and testing & evaluating the integrity of the data to ensure financial comparatives where complete and accurate for next year’s audit.
As a Finance Associate at Enrizen, Maddison was a team member involved in ensuring a recently adopted CRM system Salesforce was rolled out using a standardised approach. Maddison’s responsibility in the team was to ensure processes, procedures and visual work instructions were prepared in a way that allowed employees to perform tasks or jobs to their best of their abilities. She also actively put her hand up to develop and implement electronic workpapers for trusts, individuals, and companies to improve autonomy as a part of the standardisation approach.
As an Accountant at Crowe Horwath (Findex), Maddison was responsible for ensuring the accuracy of financial documents, as well as their compliance with relevant laws and regulations. She prepared and maintained important financial statements, tax returns and ensured that taxes were paid properly and on time for each of her clients. She evaluated financial operations to recommend best practices, identify issues and strategise solutions to help organisations run efficiently. She offered guidance on cost reduction, revenue enhancement, and profit maximisation. She was also accountable for conducting forecasts and risk analysis assessments for her clients.