Rajat Taneja

Assistant Finance Controller at LSI World
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Contact Information
Location
Toronto, Ontario, Canada, CA
Languages
  • Hindi, English, Punjabi -

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Experience

    • Canada
    • Transportation, Logistics, Supply Chain and Storage
    • 1 - 100 Employee
    • Assistant Finance Controller
      • Sep 2020 - Present
    • Finance Manager
      • Nov 2019 - Aug 2020

      • Improved operational efficiency by 15% through implementation of streamlined data-management procedures • Liaised with clients for collection of delinquent balances by resolving disputes and reduced the AR cycle by five days • Established internal controls for invoice processing, checking for accuracy and compliance, leading to reduction in overpayments by ~$7k on annual basis • Streamlined weekly and monthly expense reports and advocated cost-effective route planning for drivers • Improved operational efficiency by 15% through implementation of streamlined data-management procedures • Liaised with clients for collection of delinquent balances by resolving disputes and reduced the AR cycle by five days • Established internal controls for invoice processing, checking for accuracy and compliance, leading to reduction in overpayments by ~$7k on annual basis • Streamlined weekly and monthly expense reports and advocated cost-effective route planning for drivers

    • Egypt
    • Oil and Gas
    • 1 - 100 Employee
    • Assistant Manager
      • Jun 2017 - Oct 2019

      • Review & preparation of quarterly regulatory reports filed with two regulators namely Australian Prudential Regulation Authority (APRA) and Monetary Authority of Singapore (MAS)• Preparation of annual financial statements basis Australia local GAAP (Australian IFRS)• Preparation & submission (US-GAAP financial reporting) to NY for local reporting & other quarterly SAP submissions and Cognos TM1 schedules• Effectively handled ad-hoc queries of Australian regulator APRA, AIG APAC regional office and also Global AIG head office regarding various reporting requirements• Improved presentation quality of BS reconciliations for over 25 accounts and worked closely with finance operations team to reduce the aged items above 90 days amounting $400K• Involved in review of specific reconciliations (like statutory results to US GAAP reconciliation, reconciliation between multiple accounting tools and reports) & other quarterly SAP submissions• Co-ordinated with auditors on annual statutory and internal audit; led to a 35% reduction in queries (over two years) through accurate and timely responses• Spearheaded a team of three to standardize and expedite statutory reporting process by four working days• Awarded “Greatest Collaborator” award by country Controller for team management and exceptional work in 2018; also received quarterly “Star Award” and multiple monthly awards• Ensured adherence to internal control governance framework & policy and maintaining of standard operating procedures• Assisted with preparation & analysis of cash and operating expense budget; ensuring system stability and data accuracy• Supported finance operation team in monthly close activities such as Fixed Assets and GOE accounting entries• Initiated statutory reporting re-engineering project and participated in automation and process improvement projects• Prepared and reformed reporting packages for the Senior Management Team and department heads on quarterly basis (Board packs) Show less

    • Junior Manager
      • May 2015 - Jun 2017

      • Preparation, consolidation and submission of Standard Internals for PNG and Australian entity (US GAAP Financial Reporting) to NY for local reporting office• Preparation of month end, quarter end and annual financial closing activities assigned on timely and accurate basis.• Resolving ad-hoc queries of local Finance Centres in reporting methodologies and finalizing Balance Sheet and respective schedules every quarter• Preparation of annual financial statements basis Australia local GAAP (A-IFRS)• Preparing variance analysis report for regulatory returns and US GAAP reporting, team discussion with the CFO and getting sign off of regulatory return filings• Identification & rectification of errors by comparison and reconciliation of different databases• Managing Inter Company transactions, handling queries related to inter-company and chasing related parties for settlement Show less

    • Associate
      • Jan 2014 - Oct 2014

      • Managed book-keeping responsibilities, bank reconciliations and prepared financial statements as per Canadian Accounting Standards using accounting tools like Simply and Caseware for over 10 business clients • Created personalized reports for income, expense, aged debtor and creditor specific to each client’s requirement • Prepared individual returns using software application and ensuring proper reporting of income and deductions • Managed book-keeping responsibilities, bank reconciliations and prepared financial statements as per Canadian Accounting Standards using accounting tools like Simply and Caseware for over 10 business clients • Created personalized reports for income, expense, aged debtor and creditor specific to each client’s requirement • Prepared individual returns using software application and ensuring proper reporting of income and deductions

    • Finance Executive
      • Aug 2012 - Sep 2013

      • Managed working capital requirements by enhancing accounts payable function and establishing common vendor list to eliminate duplication leading to reduced monthly processing time by 15%• Achieved annual savings of CAD $20K by initiating and leading a process to streamline internal processes• Spearheaded improvements in accounts receivables (AR) internal controls and reduced AR cycle by 12 days through client co-ordination and aligning AR cycle to industry standards

    • Finance Trainee
      • Nov 2011 - Jul 2012

Education

  • The Institute of Chartered Accountants of India
    Chartered Accountant (CA), Accounting and Finance
    2007 - 2014
  • Sri Guru Gobind Singh College of Commerce
    Bachelor of Commerce (B.Com.)(Hons.)), Accounting and Finance
    2007 - 2010
  • New Era Public School
    Business/Commerce
    1997 - 2007
  • Salwan Public School - India
    1994 - 1997

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