Cecelia Fadipe (FCMA, MBA)

• Audit Lead - Hochtief / Fourways / Grahams £100m responsible for staff, payroll and systems audits. Responsible for detecting risks on cost-based open book contracts e.g., ICC target cost and alliancing contracts and identifying recommendations to minimise future cost and revenue risks. • Audit Lead - Independent cost audit, cost assurance training, contract reviews (NEC, JCT, FIDIC) and advisory on energy and infrastructure projects. Case-based cost assurance training on open-book, cost, alliancing contracts and advisory on decarbonisation and cost optimisation on infrastructure projects. • Examining the project control environment and validating that robust controls are in place for monitoring, accounting, and reporting of projects and contract costs. Delivering value from cost assurance engagements on projects, maximising client opportunity and sustainable value. • Supporting the implementing of infrastructure and CP6 strategy and collaborating to achieve this by working closely with commercial/financial leads in developing CP6 protocols/commercial financial controls for the x5-year strategic plans and training 250+ at Network Rail, Atkins and Balfour Beatty. • Chair of the multi-disciplinary steering group of 15-20 representatives on cost assurance and audit of infrastructure projects and cost-based open book contracts. Co-published x8 key outputs and delivered industry-wide conference in 2019 and 2022. • Developing standard control tools, templates, training materials, delivering briefings, training and workshops to NR and supply chain teams including strategy and protocols for benefits realisation on commercial and financial capex investments. • Benchmarking improvements and innovation, undertaking lessons learnt reviews and ensuring client expectations are exceeded using digital for real-time reporting and best practice benchmarking for innovation and influencing continuous improvements on future cost decisions.

• System Integrity Audit – Independent systems audit and investigation to verify the existence of competent cost capture controls and reporting systems in operation. • Risk assessment - analysis and assessment of contractor’s accounting and commercial systems and processes and prepare risk-based audit and verification plans • Technical - Prepare high quality and robust outputs and working papers and understanding and interpretation of different types of contractual frameworks. Engagement with contractors, clients, regulatory bodies and other relevant stakeholders and Preparation of clear and concise reports. Development of forensic technology and analysis tools • Cost verification and assurance experienced personnel working on a wide range of significant assignments in a range of industry / sectors • Development of the Cost Assurance function- Infrastructure projects helping in the development and also assist head of cost assurance. • Range of cost – Providing commercial and financial assurance and verification of costs on a range of projects in different sectors.

• System Integrity Audit – Independent systems audit and investigation to verify the existence of competent cost capture controls and reporting systems in operation. • Staff Rate Audit - To independent audit of payroll costs, HR records, staff salaries, renumeration, staff costs, budgeted contract rates versus and actual rates build up included in applied for costs. • Contract Compliance - Investigation to determine compliance with contractual terms and conditions of the framework contracts and call-off orders and verification that the contract is administered in accordance with obligations. • Spot Check Audits – Independent audit that involve validation that actual costs presented, and target costs developed are justified by accounts and records. • Deep Dive Audits – Independent audits to identify inconsistencies with operating modes or non-compliances with contractual obligations by the parties to a contract. • Ad hoc Audits – Audits conducted on the project as required by management and necessary to support commercial and financial decisions or final account agreements.

- Staff cost systems, HR and payroll audit– Verifying the costs applied for versus actual cost and accurate records and data for staff employed on the project. - Plant Equipment and Subcontract Costs - Verifying a representative sample of plant and equipment costs and reviewing fee, overhead costs subcontract agreements and intercompany costs - Value for Money Audit - Undertaking a value for money audit of a representative sample of procurement processes, systems, costs and subcontractors.

• Cost Assurance & Audit Lead - BAE Systems / Morgan Sindall £50m, HPC/EDF £50m responsible for final account audits, detecting risks on cost-based open book contracts - NEC3/4 option A, C, D, E, and alliancing contracts and identifying recommendations to minimise future cost and revenue risks. • Verifying project control environment ensuring that robust commercial and financial controls are in place and being adhered to for monitoring, accounting, and reporting of construction contract costs. Delivering value from cost assurance minimising risks, maximising opportunity and sustainable value. • Financial Cost Accounting and Reporting - Developing and leading audits to review, test project control environment and verifying contract requirements, and contractor financial and cost accounting systems ensuring accuracy in capturing, allocating and reporting project costs by cost components. • Benchmarking improvements and innovation, undertaking lessons learnt reviews and ensuring client expectations are exceeded using digital for real-time reporting and best practice benchmarking for innovation and influencing continuous improvements on future cost decisions.

Cost Assurance & Audit Lead - Blake Newport HS2 SCS Cementations Skanska £100m pre-audit review of staff, labour and plant cost components of NEC option C, D, E contract/subcontracts ahead of quarterly SCS audit, detecting risks and identifying recommendations to minimise cost and revenue risks. • Verifying project control environment ensuring that robust controls are in place for monitoring, accounting, and reporting contract costs. Delivering value from cost assurance on projects, maximising opportunity and sustainable value. • Financial Cost Accounting and Reporting - Developing and leading audits to review, test and verify contract requirements, and contractor financial and cost accounting systems ensuring accuracy in capturing, allocating and reporting project costs by contract cost components. • Benchmarking improvements and innovation, undertaking lessons learnt reviews and ensuring client expectations are exceeded using digital for real-time reporting and best practice benchmarking for innovation and influencing continuous improvements on future cost decisions.

* Committee member of CIMA / AICPAs Research & Development (R&D) panel * Working with panel leadership and helping to shape the future of finance. * Driving sustainable development and strategic direction in the management accounting profession.

* Advisor to high-growth established entrepreneurs and innovative startup businesses on NatWest Accelerator programmes. * The Accelerator/Fintech Accelerators a six-programme for entrepreneurs with high growth businesses who are looking to scale up. * The Accelerator is fully-funded by NatWest to enable you do the growing, and they do not take any equity in your business * My strategic business, financial planning and advisory signposts you to investors or grant funding and ensures long-term sustainability and resilience for your business.

Cost Audit Lead: Crossrail x3-year rolling programme of c30 audits on x8 Crossrail East and West cost-based contracts for £1.5bn of costs for electrification, signalling, track and station works. • Key achievements: Delivering a programme of cost and final accounts audits for Crossrail works. Reporting to programme, commercial and regional commercial directors responsible for: • Cost Assurance & Audits: Independent cost verification and assurance on a programme of cost audits for cost-based contracts for multiple stations, electrification, track and signalling works across Crossrail East and West to inform pre-contract, post contract management and change decisions. • Business case for funding: benchmarking, procurement strategy, planning, budgeting, governance, scope change and project risk management. Managing budgets, performance, project planning and developing and leading an effective independent cost assurance and audit service. • Leading & Cost Advisory: Working with service, programme directors and providing advisory for compliance with standards. Leading on governance and control of project commercial papers. Building and leading the cost audit service. Providing commercial, financial and cost advisory on proposals. • Leading cost audits, developing protocols and cost advisory on cost-based contracts. Managing contract cost control, programme scope and cost changes including cost management, cost forecasting, reporting and escalating project risk to inform commercial decisions in real time

Cost Manager & Auditor: Oxford Station Redevelopment £381m, Great Western Electrification £463m, cost audits of £65m Swindon and final account & pre-audit Reading Oxford track £60m. • Key achievements: Oxford Station Redevelopment, Great Western Electrification projects, cost audit on electrification design Swindon, final account cost audit Reading and pre-audit Oxford track. Reporting to head of commercial, project controls and accountable to programme board. • Managing commercial agreements ensuring costs and commercial outcomes are earned value-driven and compliant with the project, contract, and milestones. Responsibility for commercial management, governance, change control and project controls • Managing project resources, cost reporting and verifying cost efficiency on project portfolio. Planning and managing project scope cost, identifying opportunities, and mitigating risks early ahead of project cost. Developing project management, reporting templates and systems. • Reporting including analysing COWD, outturn variances and interrogating cost systems and change management. Managing commercial agreements ensuring costs and commercial outcomes are value-driven and compliant with the project milestones and contract requirements.

Programme Finance Manager - Network Rail Infrastructure Projects. Crossrail and Reading Station Area Regeneration Programme £900m of over x10 projects. • Key achievements: successfully delivering Reading Station Area Regeneration Programme. Reporting to the regional finance and commercial directors, responsibilities included: • Strategic business partnering, strategic business planning, x5 year strategic financial planning, budgeting, reporting, accounting, financial management, reporting and forecasting including modelling cost options, governance and investment appraisal for funding and capital project cost control. • Planning and managing opex and capex budgets and cost, identifying opportunities, and mitigating risks early ahead of project cost. Managing programme budgets and adviser in strategic planning informing decision making with directors, external stakeholders, sponsors, and funders. • Financial Controls: Embedding sound financial controls and compliance to IFRS construction standards on multiple projects in line with accounting standards and contract requirements. Including multi-funding and multi-party accounting.

Senior Financial Analyst | Finance Business Partner Information Technology (Corporate Finance/IT) - Reporting to the deputy director of corporate finance and head of information technology. • Key achievements: Undertaking a gap analysis of controls, the “as is” process and redesigning of the “to be” process. Implementing change to Westminster's capital projects’ financial controls in line with International Accounting Standards (IAS). Securing £6m private funding to deliver Westminster’s IT strategy of implementing wireless technology in London. • Successfully led as finance business partner to the CIO and head of IT Infrastructure. Working closely with the Head of Housing, helping to realise S106 and HRA capital project outturns. Reporting on financial performance and meeting the 7-10-day reporting deadline. Leading the financial monitoring and managing a robust capital strategy, including a capital programme of £69m, financing for capital expenditure via S106 housing, community infrastructure levy and borrowing.

Senior Consultant: Enterprise Applications & Cost Optimisation Advisory • Key achievements: Reviewing existing Dept. for Works and Pensions (DWP) IT contracts portfolio/operating model resulting in up to c£5m of cost optimisation savings. Examining HSBC’s shared services transfer pricing policy and developing recommendations for benefits realisation. Managing the PMO for SAP and Oracle integration at Lloyds Bank and target operating model for Willis. • Undertaking Cost Optimisation: on DWP IT contracts, reviewing the IT strategy, contracts and making recommendations in line with the operating model. Reviewing HSBC’s shared services transfer pricing strategy, investigating issues and recommendations. Integrating SAP and Oracle at Lloyds Bank, scoping, phasing and controlling cross-work stream activity to time and budget. Managing change, finance transformation during SAP and new target operating model implementation at Willis. Benchmarking, user testing, analysing global reports, reviewing “as is” and redesigning “to be” process.

Senior Management Accountant • Key Achievements: Supporting Ealing’s telecoms, IT shared services and finance transformation initiatives. Securing £2m funding for various collaborative community, safety and transport projects • Cost Benchmarking: Direct, indirect, overhead costs, ensuring activity-based cost driver data is pre-agreed. Monitoring and reporting shared service KPI’s and performance against SLA’S. Documenting audit trails in audit packs, validating input and output audit data and providing assurance that financial controls and accounts are robust and prepared to International Accounting Standards. • Strategic business planning, budgeting and reporting: As finance business partner - balanced scorecard reporting of KPI’s, cost, performance, headcount, key variances and risk to the board. Undertaking end-user testing of modules and managing Agresso system implementation. Modelling options, cost benefits analysis, financial evaluation for investment decision including implementing Ealing Councils carbon reduction strategy.

Corporate Project Risk Management & Finance Officer (Group Corporate). Reporting to group risk and treasury manager. Responsibilities included: • Achievements: undertaking pre and post contract due diligence on engineering design projects including Taiwan High Speed Rail, East London Line and Anglian Water. • Resolving billing and scope change queries. Managing working capital and reporting foreign currency, exchange rate, withholding tax, revenue, fee and project risks to treasury. • User system testing in UK and other foreign currencies. Leading change and Lawson project systems implementation. • Successfully undertaking pre and post contract due diligence on Taiwan High- Speed Rail, Anglian Water and East London Rail. Managing change and Lawson system implementation.

Corporate Risk & Finance Assistant (Vodafone Corporate). Reporting to the corporate risk manager. • Achievements: Negotiating credit terms and developing working capital risk management models. • Providing pre-contract due diligence and post contract client account risk management. Providing management information, performance monitoring, managing working capital and risk reporting.

Finance Assistant. Reporting to the group finance manager. • Achievements: Timely reporting and compliance to HMRC rules and international accounting standards. • Planning, budgeting and reporting on forecasts, revenue, cost, key variance analysis and timely accurate group accounts. Undertaking reconciliation of balance sheet, bank accounts, payroll and taxes.

Master of Business Administration