Sam Modica

Background

About Sam Modica

I'm a finance professional and certified practicing accountant with over 25 years local and international experience managing multi-national service companies in the offshore exploration, marine, transportation and essential services sectors. Responsibility for all aspects of finance, tax, compliance, risk, contract negotiation, supply chain, capital raising, debt structures, business strategy for new and established companies. I have built a reputation for stablising businesses and creating strong and sustainable frameworks for companies to realise their full potential. Key Skills • Financial and management reporting • Listed company experience • Budgeting and forecasting • Treasury & cash flow management • Contract tendering and negotiation • Taxation planning and reporting • External and internal compliance • Project / Cost control • Restructuring (Mergers & Acquisitions) • Debt / capital raising Career Achievements 1. Major contributor in creating and establishing an offshore exploration business in various jurisdictions across various countries increasing revenues to a height of US$800m+ and heading a team of 35. Recommend and implemented complex company tax structures in Singapore, Australia, and West Africa. Annual savings of US$100m achieved. Successful navigation and strategic control of company finances during the global financial crisis. Regained control of cash flows and expenditure relating to the construction of four offshore drilling units in South Korea, ensuring the project returned to its original budgeted expenditure. Provided project updates and cash flow forecasts to assist with debt facilitation.(Project value US$2.2b.) 6. Negotiated tax savings of A$97m following agreement with the Australian Tax Office relating to anti avoidance case.