Experience

UNITED GROUP OF COMPANIES-ONTARIO

• Canada
• Truck Transportation
• 1 - 100 Employee

• Chief Financial Officer

  • Oct 2017 - Present

  United Group of Companies is a Leading Freight Transportation Provider in Ontario with a large fleet of owned Trucks and owner operated trucks which is comprised of vertically and horizontally related companies. The key responsibilities and functions have been rotated mainly in the following areas. • Oversee and training of a finance team comprising of General, Accounting, Accounts Payable, Payroll and billing department. • Responsible for month end financial operations of the majority of the group companies leading to compilation and consolidation of financials of the group. • Compilation of Year end and quarterly financials • Creation of Financial Models for Business Plans for customer base and evaluation of Business worthiness and profitability • Capital projects evaluation of the project costs periodically and liaising with cost consultants. • Responsible for the entire annual budgeting process dealing with respective senior management and subsequent monitoring and monthly variance reporting with root causes. • Preparation Business Plans with projected financials for exiting companies for funding needs in ad • Reconciliation of complex inter company balances and capital lease and equipment finance accounts transactions resulting lump sum Harmonized sales tax claim over CAD250,000 relating from the past unclaimed input taxes. • Review of Internal control needs and compliance and development of Policy and procedure manuals . • Provided financials, projections and cost & Ratio analysis in order to get new project financing and renewals of exiting finance facilities • Analysis of monthly variances including sales and reported to CEO for the material root causes facilitating decision-making process. • Involved with annual audits on all stages from planning to conclusion of audits including resolving all crucial audit queries • Compilation of monthly Borrowing Limit Certificates for banks and worked out covenant ratio and main Show less



Stackpole International Global Holding Co.

• Senior Corporate Accountant

  • Apr 2017 - Sep 2017

  • Performed financial reconciliations/analysis on three Foreign subsidiaries in Luxemburg and one Indian subsidiary through parent company accounts and subsidiary records with complex forex adjustments and intercompany debts/interests involving multiple currencies such as US$.GBP, EUROS and Indian Rupees. • Simplified the all excel files using advanced excel functions with smooth flow of information embedded with self-explanations. • Initiated journal entries required for the discrepancies identified in the parent company’s books. • Compiled of loan/debt schedules and all analysis supporting the above process. Show less



AIG Insurance Company of Canada

• Canada
• Insurance
• 1 - 100 Employee

• Finance & Accounting Consultant

  • May 2016 - Mar 2017

  • Performed special financial/audit project on Registered Employee Pension Plan (REPP), Deferred Profit Sharing Plan (DPSP), Employee Profit Sharing Plan (EPSP) and Registered Retirement Savings Plan (RRSP) and finalised all analysis reconciliations and schedules well in advance of budgeted time. • Compiled operational reporting package, monthly/quarterly reports, analysis and reconciliations. • Performed special financial/audit project on Registered Employee Pension Plan (REPP), Deferred Profit Sharing Plan (DPSP), Employee Profit Sharing Plan (EPSP) and Registered Retirement Savings Plan (RRSP) and finalised all analysis reconciliations and schedules well in advance of budgeted time. • Compiled operational reporting package, monthly/quarterly reports, analysis and reconciliations.



Canadian Springs

• Canada
• Food and Beverage Services
• 1 - 100 Employee

• Senior Accountant

  • Apr 2013 - Mar 2016

  • Responsible for period/year end process activity with detailed analysis and supervision of the accounting staff. • Critical review and analysis of department and regional financial results with prior year and budget figures for variances. • Remodelled management reporting package covering data collection and analysis of sales, manufacturing and logistics performance data in addition to internal financial reporting for core business regions. • Finalised Monthly Board package with financial data analysis (cash flow, Balance sheet, income statement, debt covenants ratios and financial ratio, in addition to sales performance analysis by products and customer segmentation with graphs and vital KPI’s. • Complied the compliance report on covenants and borrowing base certificates quarterly/monthly basis after computation of the ratios and data. • Monitored the payment functions and ,also a signatory/wire payment approved officer for cheques and wires after critical review of payment process backups • Maintenance of NAV system by regular updating of tables required and troubleshooting with IT departments for improvement of for reporting and analysis tables. • Finalised corporate final accounts file for auditors review and prepared auditors draft financials for the annual report as per ASPE. • Involved in the budgeting process by building actual/budget templates under regions and departments, merging them to the master Budgeting template for uploading to budget module in addition to coordination of the process. • Finalised the corporate tax file with all schedules and forwarded the final electronic return to CRA and provincial authorities. • Liaised with the corporate auditors and tax auditors of CRA, and resolved the issues/queries effectively and convincingly. • Liaised with Chief Financial Officer for changes to financial, management & Board reporting needs/changes while reporting directly to corporate controller. Show less



Cargojet

• Canada
• Airlines and Aviation
• 500 - 600 Employee

• Senior Accountant

  • Jun 2007 - Apr 2013

  A public company engaged in air cargo transportation, extensively in all provinces, also in USA and Europe. • Responsible for month/quarter/year end process activities covering accruals, amortisation, P & L analysis and balance sheet roll forward reconciliations for two main active companies. • Performed variance analysis for period/budget comparison identifying root causes for decision making. • Supervised and coached teams at month end and day today functions maximising efficiency and team work. • Maintained a $165 million General Ledger encompassing Canadian, U.S. and euros currency transactions covering 6 companies ensuring no outstanding unresolved issues. • Managed fixed asset accounting cycle covering acquisition, utilization and disposition including reporting. • Reviewed and reconciled inter-company current accounts and them to ensure no unresolved disparities. • Assisted in the preparation of schedules for Management and Discussion Analysis (MD & A ) reports • Prepared budgets and cost trend and project profitability analysis on selected revenue projects. • Assisted in managing AR & AP functions, and troubleshooting of complex AP formalities. • Contributed to quarterly and yearly financial reporting process by compiling financial/audit schedules. • Managed flight parts inventory of 2000 items using DASH system to ensuring strict inventory controls in place. • Finalized audit working papers with allocated supporting schedules after analysing the balance sheet items Show less



Ontario Environment Industry Association

• Toronto,ON

• Senior Accountant

  • Jan 2005 - May 2007

  • Built up a customized chart of accounts of 200 accounts and set up AR, AP, Produce, and Payroll modules with system settings under simply accounting software. • Handled routine A/R functions for 150 customers and A/P functions for 50 vendors and service providers • Reconciled bank and other balance sheet accounts and passed necessary adjustments entries for including accruals and prepayments • Prepared annual operating budgets with quarterly revisions and compiled monthly/weekly cash budgets • Analyzed variances and prepared factual reports with root causes for material variances • Performed month end process and finalised monthly financials, cash flow and segmental financial reports meeting deadlines • Prepared and filed GST returns and made remittances to statutory bodies ensuring no delays • Analyzed current financial/operating results and prepared management reports for decision making Show less



Ceylinco Group

• Colombo,Sri Lanka

• Senior Group Corporate Manager- Financial Services

  • 2000 - 2004

  Provided the financial services to group companies and overlooked financial operations of one company • Managed financial services for 75 group companies resulting uniform reporting system and savings of 30% of staff cost • Performed internal audits, cost reduction programs, merger evaluation and product changes to companies etc. • Handled all financial, forecasting and costing functions of one professional service providing firm • Also responsible for evaluation of financial performance through analysis on monthly/quarterly management accounts • Prepared budgets for 4 divisions and monitored budgets by analyzing monthly/quarterly variances • Monitored AR and AP functions including payroll with effective management of cash flow • Finalized monthly financial statements after the completion of month end process by assistants • Managed inter -company accounts with charges and reconciled all accounts on monthly basis • Negotiated for low-cost financing resulting in cost reduction and prompt flow of funds Show less



Solex Enginnering Enterprise Ltd

• Colombo,Sri lanka

• Finance Manager

  • 1997 - 2000

  • Managed financial accounting &, corporate treasury functions and costing activities of the company. • Overlooked multiple inventory stores and managed inventory system of 1500 items • Reviewed and finalised month/yearend financial statements and other management reports • Analyzed profitability, revenue and asset trends resulting from changes in market strategies and promotions • Developed and maintained full standard costing system for engineering processes and assembly items • Introduced sound costing methods resulting in annual savings of US$0.75 million by identifying loss leads • Monitored capital budgets and limited expenditures with strict adherence to norms and policies • Computed unit costs of products with right contribution/margin facilitating to derive optimal product mixture Show less



Coca-Cola Beverages Sri Lanka

• Sri Lanka
• Food and Beverage Services
• 100 - 200 Employee

• Senior Manager-Receivables, Inventory & Cost Control and Deputy Internal Auditor

  • 1992 - 1997

  • Handled a network of 300 distributors managing invoicing, credit control, disputed credits/balances • Formulated strategies for sales promotions with different scenario leading to growth in sales in all brands • Set up sound costing system coupled with activity based costing tools resulting in rational cost allocation • Forecasted and set up annual operating and long term budgets including capital budget and market promotions • Coordinated with inventory personnel and maintained stocks with sound inventory control/costing system • Performed variance analysis on raw materials labour with standards reflecting true cost centre performance • Evaluated best share issue option right price that resulted in additional cash flow of US$ 1 million • Maintained capital asset records with prompt accounting of all facets of fixed assets covering acquisition, disposal, asset transfers/retirement and depreciation • Finalized capitalization process for new Coca Cola plant with conformity to all accounting standards and costing norms Show less