Alex Chumakoff

Executive summary

Alex is a CFO Advisory Director with BDO in Sydney. He is an accomplished accounting and finance professional with more than 17 years’ experience providing audit and finance advisory services across all three tiers of Government (Commonwealth, State and Local) and the Not-For-Profit sector.

Alex works closely with CFOs and their finance teams to support the efficient and effective delivery of financial management and reporting processes, implementation of reliable and tailored solutions to meet regulatory compliance requirements and add value and business insights to organisations through the finance function.

Alex possesses a dedicated and client-focused work ethic. He has a deep knowledge of the Australian Accounting Standards and Government financial reporting frameworks, and takes a collaborative approach to solving complex financial challenges and achieving financial objectives.

Expertise

• Financial reporting and accounting
• Planning, budgeting and forecasting
• Audit readiness
• Internal controls and risk assessment
• Technical accounting advice (new accounting standards application, complex transactions)
• Resourcing solutions (contract/insourcing/backfill)

Experience

Financial accounting and reporting

• Supported multiple government entities with the completion of their monthly and annual financial close and consolidation process, preparation of annual financial statements, and development of monthly management reporting dashboards.

Planning, budgeting and forecasting

• For both small and large, complex departments, led the development of detailed annual budgets and supporting funding models to align with strategic objectives, preparation of financial and non-financial inputs for budget publications, improvement of budgeting and forecasting processes.

Audit readiness

• To facilitate a smooth annual audit process throughout early close and year-end financial reporting, supported public sector entities with the preparation of accounting position papers, review of financial statements and supporting workpapers, and remediation of audit findings.

Internal controls and risk assessment

• Assisted several New South Wales State Government entities review their internal control environment to meet annual compliance requirements. This involved detailed review and documentation of internal controls, digitising and automating the completion of annual internal control assessments, risk-based analysis, and reporting to senior stakeholders (i.e. Executive Management, Audit and Risk Committee, Agency Head).

Qualifications and affiliations

• Bachelor of Commerce (Accounting & Finance)
• Member, CA ANZ