Jan:Feb 2017 Credit Management magazine

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*PORE SINUMET A BLAST IN TIME Sean Feast spends the day with Sam Hall of Rolls-Royce talking about CICMQ, jet engine test beds, and Charlie George! THE alarm rings. It’s another early start, this time straight up the M1 to Derby for a meeting with Sam Hall, the Global Process Owner for Accounts Receivable at Rolls-Royce. We meet at Jubilee House, a stone’s throw away from the Pride Park stadium, the home of Derby County, and spend the first five minutes of what would prove to be an exceptionally entertaining and productive day taking about the merits of Charlie George! Derby, however, is famous for more than simply its football team. It is also home to one of the world’s most prestigious brands, Rolls-Royce. It seems somehow appropriate that Sam, a local man, ended up working for an aero engine manufacturer, given that as a boy he had always wanted to be a pilot. As it was, he joined Rolls-Royce in 1979 at the age of 16, straight from school: “An uncle had said to my mother that if I liked aeroplanes, then I should join Rolls-Royce because the apprenticeships were first class and in those days it was seen as a job for life. And so I became a ‘technical apprentice’ and was put into the drawing office to be trained as a draughtsman. I remember being disappointed on my first day that I didn’t get my hands on an engine.” YOUNG APPRENTICE Life was good for a young apprentice. Sam gained an HNC in Mechanical Engineering but admits to almost ‘coasting’. Despite being well paid, and in an interesting job, he wanted to get his hands dirty. And then came an opportunity at Rolls-Royce’s Hucknall site: “It was the company’s outdoor test facility and I became a performance engineer on the test beds initially on a six-month secondment. In the end, I was there for three years, gaining experience of new technology and product development and I enjoyed every moment. What’s not to like about firing up an RB211 jet engine to maximum thrust?” It was from the test beds that Sam’s career path took an unexpected twist. His manager moved to the Development and Experimental Department in Derby that had a Cost Engineering Team. The role of a Cost Engineer came available and Sam was encouraged to apply: “It meant that I was responsible for the budgeting and forecasting for the development and testing of the V2500 engine, an engine that had its problems at the time but has since proven to be one of the most reliable engines ever. This was my first step into management accounting without even realising it.” Very quickly however, Sam began to realise that he was surrounded by colleagues with professional accounting qualifications (most had the Chartered Institute of Management Accountants qualification) and decided to look into becoming qualified himself: “ I found out more from a senior manager who headed up the CIMA scheme within Rolls-Royce,” he explains. “I was accepted onto the course and spent four years of very hard work on day release to achieve my qualification.” FINANCIAL ACCOUNTING In acquiring knowledge of business, the economic environment and accountancy, Sam recognised that he had moved ‘to the other side’ and that it was a world full of possibilities. As a newly-qualified management accountant, Sam moved into Derby Finance Services which at the time was based in some old laboratory buildings on Rolls-Royce’s Elton Road site. There, he had a good mentor, who offered Sam a role as a Team Leader in the General Ledger section. “Derby Finance Services was, at the time, one of two continues on page 26 > The recognised standard www.cicm.com January / February 2017 25
Page 1 and 2: CREDIT MANAGEMENT THE CICM MAGAZINE
Page 3 and 4: CONTENTS JAN/FEB2017 www.cicm.com R
Page 5 and 6: Our working capital solutions are f
Page 7 and 8: PSR TAKES STEP TOWARDS WHOLESALE CH
Page 9 and 10: News in Numbers - provided by the M
Page 11 and 12: INSOLVENCY RULE OF LAW David Kerr M
Page 13 and 14: CONSUMER CREDIT FIT FOR PURPOSE Hea
Page 15 and 16: CONSUMER CREDIT Changes to accounti
Page 17 and 18: The recognised standard www.cicm.co
Page 19 and 20: ASK THE EXPERTS UNMASKING FRAUD Dav
Page 21 and 22: While not out of pocket, I had to s
Page 23: focus their efforts to release more
Page 27 and 28: Sam Hall The recognised standard ww
Page 29 and 30: TRADE TALK WHAT’S IN STORE? Lesle
Page 31 and 32: NEWS IN BRIEF > ARE COMMODITIES ON
Page 33 and 34: continues on page 34 > The recognis
Page 35 and 36: www.portfoliocreditcontrol.com oc r
Page 37 and 38: coming to the realisation that they
Page 39 and 40: Credit professionals may be gratefu
Page 41 and 42: BE ONE CLICK AWAY FROM OUR WEBSITE
Page 43 and 44: tland +1.6 East Midlands Wales th d
Page 45 and 46: OPINION BEEN THERE, DONE THAT? In t
Page 47 and 48: CICM Learning Partnerships LOOKING
Page 49 and 50: THE CICM MAGAZINE FOR CONSUMER AND
Page 51 and 52: The Recognised Standard For further
Page 53 and 54: FORTHCOMING EVENTS Full list of eve
Page 55 and 56: NEW CICM MEMBERS THE INSTITUTE WELC
Page 57 and 58: CREDIT CONTROLLERS MANAGE YOUR OWN
Page 59 and 60: Cr£ditWho? CICM Directory of Servi
Page 61 and 62: Cr£ditWho? CICM Directory of Servi
Page 63 and 64: MONTHLY PRIZE CROSSWORD CREDIT CONU

Jan:Feb 2017 Credit Management magazine

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