Peter Edward Welch is a renowned finance and teaching/training expert with over 30 years of professional experience. All throughout his professional life, he has focused on topics including, but not limited to accounting, internal audit and risk assessment, internal control, treasury and auditing. He started his career as an accountant at the British Diplomatic Service / Foreign & Commonwealth Office in London, and then held other private-sector senior accounting roles before, in 1979, moving to the USA, where he worked mostly in the above-mentioned fields of specialization. Since then, Mr. Welch has worked for various different private sector companies, including USAID and EU projects, in countries such as Botswana, Kuala Lumpur, Kenya, Bangladesh, Nigeria, Ghana, Iraq, Afghanistan/Singapore, Egypt, Georgia, Sudan, Bosnia & Herzegovina, South Africa, Japan, India, UAE, Puerto Rico and Bermuda.
As a PeopleSoft, Inc.—Professional Services Senior Consultant/Senior Curriculum Developer, his background and experience includes ERP systems including PeopleSoft Technical Boot Camp and Asset/Liability Matching. He also has relevant international experience in the public sector that includes being a Team Leader for a project in Tbilisi, Georgia working as a Fiscal Agent. Recently, in Bangladesh, Mr. Welch was engaged by USAID Consulting/GMG Management Consulting, to provide technical assistance/implement (Statement of Award Conditions) SACs in financial management, procurement, human resource, and program performance systems. He was tasked to transfer knowledge and essential skills to improve financial management, procurement, and human resource systems for the purpose of managing risk and sustainability. He has also developed an expertise with implementing USAID Compliance Procedures including USG costing, 2-CFR 230 (A-122) and A-133/ADS-591 Auditing.
In 2003, under a USAID funded project, he provided technical assistance services to guide the development of process reengineering/ information (infrastructure) mapping within the local public sector municipalities. In 2009, he provided advice to the South African National Treasury within the framework of an EU-funded technical assistance project. During this mission, and in his capacity as IFRS trainer, he was responsible for the implementation of GRAP/IPSAS accounting training. Mr. Welch also worked in Georgia, under USAID, in 2002 where he taught ACCA final accounting papers, IFRS-based material, and assessed the financial sustainability and capacity of the local accounting standard setting body.
He is a Certified Trainer with the International Academy of Business and Financial Management (IABFM) and globally teaches accounting and finance certification program. Mr. Welch possesses solid managerial skills, for he served as Director of Investment Accounting for a US-based company. In this capacity, he led a team of five cross-functional managers/supervisors, delivered critical financial information to the Portfolio Managers and provided decision support to the executive committee. Following this position, he worked as CFO of an American private corporation. In this capacity, he created a finance organization, established all controls, (infrastructure) processes, analysis models, budgets and reporting procedures; he negotiated a line of credit with an ACH facility, and designed the company’s treasury/cash management model.
Mr. Welch incorporated under GlobalCFO that offers a wide and far reaching level of professional services, including tax matters, covering multiple industries and all types and sizes of businesses, including Not-for Profit, in Europe, the USA, and internationally. Organizations that range from start-ups and small micro-enterprises (SME) to medium and multi-million dollar enterprises. GlobalCfo provides consulting/interim CFO Services; small business incorporation/infrastructure programs; project management and process reengineering including documentation and development of client/custom designed training manuals and in-house staff training is offered as well as budgeting and econometric modeling and cash flow budgets/projections.
Peter has chaired the International Special Interest Group of the Financial Executives Networking Group (FENG); has served on the membership, and hospitality committee of the Financial Executives Institute (FEI); and served as a board member for professional accounting bodies.
He holds a US Master’s Degree in Finance (distinction), obtained at Bentley University (USA) in 1988. From 1971-1973, he studied and obtained an Ordinary National Certificate in Business Studies.During the 1973-1979 period, he studied the ACCA Professional Accounting Examinations at the London School of Accountancy (UK). The obtained academic degree is equivalent to a U.S. CPA / BSc.
Peter E. Welch, FCGIA