Ric Simpson, CPA, CMA
CFO at Norelco Cabinet Solutions- Claim this Profile
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English -
Topline Score
Bio
Credentials
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CPA, CMA
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Experience
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Norelco Cabinets
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Canada
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Wholesale Building Materials
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1 - 100 Employee
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CFO
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Nov 2018 - Present
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Troika Management Corp.
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Canada
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Real Estate
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1 - 100 Employee
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Group Financial Controller
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Oct 2015 - Nov 2018
Providing Controllership services to the Troika Group of companies. Providing Controllership services to the Troika Group of companies.
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Med Access
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IT Services and IT Consulting
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1 - 100 Employee
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Controller, Manager Finance
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Oct 2007 - May 2015
Managed all Controllership, Finance and Administration, and HR functions for a software company providing online electronic medical record solutions to physicians. Company purchased by TELUS in 2014. Provided shareholder point of contact and administered payments to shareholders.• Oversaw revenue increase by multiple of 4, with net income over same period increasing by factor of 11 with company being profitable in all years. • Led HR growth of 30%, with 100 staff at time of acquisition.• Managed provincial government contracts (Master Service Agreements) for 5 provinces, designing and implementing financial and administrative controls for all agreements.• Provided hands-on collection and presentation of due-diligence information for several possible company sales, as well as during TELUS purchase, meeting all deadlines, working closely with TELUS, Med Access CEO, Senior Managers, tax specialists and legal counsel. • Managed preparation of all accounting data and administrative functions for conversion to TELUS SAP accounting system, ensuring successful SAP system reliance in December 2014 with over 1,000 contracts and monthly billings efficiently and accurately transferred.
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SKYTRAC
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Canada
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Airlines and Aviation
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1 - 100 Employee
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Director Finance & Admin
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2005 - 2007
Managed all Controllership, Finance and Administration, and HR functions for aviation satellite communication services software and hardware provider. Administered all HR functions, including recruiting, compensation, performance reviews. Managed all contracts including SATCOM service provider, as well as the Transport Canada relationship.• Managed purchase of commercial property and relocation of company from Penticton to Kelowna by working closely with company President / Owner and real estate agent, resulting in a solid investment for President / Owner personally. • Oversaw financing for buyout of minority shareholder, resulting in 100% ownership for President.• Led and maximized federal research and development funding (IRAP, SR&ED), current and previous years, resulting in fully refundable tax credits of over one hundred thousand dollars over 4 years of claims. • Updated unreliable financial reporting system via software conversion to ACCPAC, providing organization with an improved, growth-oriented, efficient, and robust reporting system. • Created and managed budgeting cycle model, enabling evaluation of different aspects of business (hardware manufacturing vs recurring communications revenue for instance).
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Moxies
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Canada
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Restaurants
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700 & Above Employee
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Controller
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2002 - 2005
Provided financial management and reporting for restaurant and sports bar chain of 20 franchise and 25 corporate stores across Canada with annual sales of approximately $45M. Reported to Vice President of Finance for Northland Properties Corporation (Sandman Hotels, Denny’s restaurants, construction, and property management). Directly managed 8 accounting staff.• Managed software conversion to corporate SBT (ACCPAC Pro) system over Citrix server within 6 months of joining company and re-engineered budgeting and F9 financial reporting system to integrate to SBT software, improving timeliness, efficiency, and accuracy of reporting in a highly financially controlled environment.• Brought financial reporting system from more than 6 months behind to current by instituting “damage control” protocol for months of reporting in arrears, and essentially “rebooting” the accounting system.• Re-engineered and integrated Shark Club accounting system to match Moxie’s, simplifying consolidation and improving timeliness and accuracy of reporting.
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Controller
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1998 - 2002
A 35-employee project service oriented company with annual sales of approximately $4 M. A member of the Innotech-Execaire Aviation Group within the I.M.P. Group of companies headquartered in Halifax. • Systems analyst / on site project manager transferring the MIS system to J.D. Edwards.• Financial management role in the due diligence and purchase of the company by the I.M.P. Group.• Full financial reporting responsibilities, including budget preparation and presentations to the CEO and Chairman of the Board. Developed all internal financial reporting.• Performed responsibilities of Human Resource Manager and Sales Manager as required.• Held General Manager position for one year.
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Education
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British Columbia Institute of Technology / BCIT
Operations Management, Operations Management -
Certified Management Accountants of BC
Chartered Professional Accountant, CPA, CMA