Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Michael A. Strachan

Nassau,Bahamas

Summary

Systematic Financial Executive experienced in business and financial development. Trained in financial project management, customer service and investment advising. Collaborates closely with clients to optimize specialty financial plans and profitable outcomes.

Overview

16
16
years of professional experience
1
1
Certification

Work History

Director

BMS Advisory Group
06.2016 - Current
  • Drove business expansion by identifying new markets, conducting research, and developing business and financial plans for clients in industries including hospitality, financial services, aviation and government contractors.
  • Implemented innovative solutions to solve complex problems, resulting in increased productivity and streamlined operations for client operations.
  • Negotiated on behalf of clients favorable contracts with vendors for reduced costs and improved service quality.
  • Increased company revenue by streamlining processes and implementing cost-saving measures.

Finance Director

Bahamas Baptist Missionary And Educational Convention, Inc.
01.2023 - Current
  • Streamlined financial processes by implementing efficient budgeting and forecasting systems.
  • Improved financial performance through thorough analysis of company expenditures and revenues.
  • Managed company cash flow by monitoring daily transactions and optimizing working capital.
  • Reduced financial risk with comprehensive credit management strategies, strengthening the company''s financial position.
  • Collaborated with cross-functional teams to develop revenue-generating initiatives, driving growth in key market segments.
  • Led successful negotiations on financing terms, resulting in lower interest rates and improved cash flow for the organization.
  • Optimized resource allocation by identifying cost-saving opportunities through detailed expense analysis.
  • Enhanced stakeholder communication by producing clear, concise, and timely financial reports that supported informed decision making.
  • Facilitated process improvements by automating manual tasks, increasing efficiency within the finance function.
  • Manages school annual $8 Million budget

Trade Desk Manager

Swiss America Securities
08.2014 - 04.2016
  • Enhanced trading strategies by analyzing market trends and implementing data-driven decisions.
  • Streamlined trade execution for increased efficiency and reduced operational costs.
  • Managed risk exposure by closely monitoring and adjusting positions in realtime.
  • Developed strong relationships with clients, resulting in increased business volume and client satisfaction.
  • Mentored junior traders, providing guidance on best practices and enhancing team performance.
  • Implemented new trading tools and platforms to improve speed, accuracy, and decision-making capabilities.
  • Maintained compliance with regulatory requirements by staying current on industry rules and guidelines.
  • Increased profit margins by identifying new investment opportunities and executing trades efficiently.
  • Evaluated portfolio performance regularly, making adjustments as needed to maximize returns.
  • Conducted thorough research on potential investments, ensuring informed decision-making processes for the team.
  • Optimized order routing strategies to minimize market impact while maximizing execution quality.
  • Participated in industry conferences to stay abreast of market developments and emerging trends.
  • Worked closely with sales teams to identify new revenue opportunities through innovative trading products or services.
  • Built a high-performing trade desk team through targeted recruitment efforts and ongoing skill development initiatives.
  • Managed $35 Million in monthly trade volume

Audit Manager

Rankin, Elias And McDonald
01.2011 - 06.2014
  • Enhanced audit efficiency by streamlining processes and implementing new auditing software.
  • Reduced financial discrepancies through thorough analysis of company financial statements and records.
  • Managed a team of auditors, ensuring accurate and timely completion of audit projects.
  • Implemented risk-based auditing strategies, resulting in better identification of potential issues.
  • Compiled general ledger entries on short schedule with 100% accuracy.

Senior Staff Accountant

Grant Thornton Chartered Accountants
12.2008 - 12.2010
  • Streamlined audit processes with the implementation of advanced auditing software, reducing time spent on manual tasks.
  • Collaborated with clients to resolve identified issues, providing guidance on corrective actions needed to maintain financial integrity.
  • Trained junior team members on audit methodologies, fostering a culture of continuous learning and professional development.
  • Contributed to successful annual audits by meeting deadlines and exceeding expectations for quality workmanship.
  • Managed financial risk exposure through diligent monitoring of market conditions, currency fluctuations, interest rates changes, while keeping management informed about potential implications on company''s finances.
  • Facilitated accurate financial forecasting by analyzing current trends and providing insightful recommendations to executive management.
  • Recommended strategies to expedite filing projects and annual reporting.

Intern

Merrill Lynch
06.2008 - 12.2008
  • Conducted research for various projects, leading to well-informed decisions and successful outcomes.
  • Supported staff members in their daily tasks, reducing workload burden and allowing for increased focus on higher-priority assignments.
  • Participated in professional development opportunities to enhance skill set, contributing to overall intern growth and potential future employment prospects.
  • Prepared written summaries of meeting discussions to ensure clear communication throughout the team while promoting accountability for action items.
  • Analyzed problems and worked with teams to develop solutions.
  • Conducted extensive research for startup company projects.

Education

Bachelor of Science - Finance

University of Kentucky
Lexington, KY
05.2008

Skills

  • Business Forecasting
  • Risk Management
  • Financial Planning
  • KPI Tracking
  • Account Analysis
  • Organizational Skills
  • Budget Planning
  • Strategic Planning
  • Investor Relations
  • Account Reconciliation

Certification

  • CPA - Certified Public Accountant (2011)
  • CMT - Chartered Market Technician (2013)
  • ACSI - Associate of the Chartered Institute of Securities and Investment UK (2013)

Timeline

Finance Director

Bahamas Baptist Missionary And Educational Convention, Inc.
01.2023 - Current

Director

BMS Advisory Group
06.2016 - Current

Trade Desk Manager

Swiss America Securities
08.2014 - 04.2016

Audit Manager

Rankin, Elias And McDonald
01.2011 - 06.2014

Senior Staff Accountant

Grant Thornton Chartered Accountants
12.2008 - 12.2010

Intern

Merrill Lynch
06.2008 - 12.2008

Bachelor of Science - Finance

University of Kentucky

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Michael A. Strachan