Duncan Hastie, Principal – Western Cape
Duncan is a qualified Chartered Management Accountant with Fellowship status who has gained a vast amount of Financial Management/Management Accounting experience at senior level through top International blue-chip FMCG companies such as Estee Lauder, British American Tobacco, Revlon, Hudaco Friction and Stryker.
Duncan’s vast experience is predominantly in manufacturing companies across various industries, such as Chemical manufacture, Cigarette making, Perfumes & Toiletries, Brake Pads. Also Mining, IT systems, Clearing & Forwarding, Orthopedic equipment, Engineering, Security, Motor trade, Glass manufacture, Waste management, Construction and Manufacturing as well as the Food industry.
Duncan’s experience covers management of the entire financial function including company secretarial tasks and strict adherence to the FCPA rules for compliance; divisional reporting and control; variance analysis and expense containment; margin analysis and price setting; product costings; import costings; quarterly reviews and presentations to regional MDs and FDs; monthly management reporting to strict international deadlines; liaison, guidance and negotiations with the divisional heads; working capital management with focus on cash flow management including liaison with the bank and Europe HQ on requirements; obsolescence control; factory production and loss control; management, preparation, co-ordination and justification of large budgets and forecasts across divisions including manufacturing labour and overheads; forex management; management of the IT function plus systems implementation; financial modelling and what if analysis for strategic input to company projection discussions; company valuations; investment viability studies; Statutory Tax returns; ledger a/c reconciliations and year end process and auditors liaison.
Duncan has a successful track record at strategic executive level, maintaining strong financial disciplines. He is a team leader in fast paced environments and has vast experience with large Blue Chip International companies, across multiple industries. With strong financial, operational, analytical, systems implementation, business analysis and modeling skills, giving Duncan the ability to quickly add significant value.